Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley Purchases 272 Shares of Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley acquired 272 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $144.00 per share, with a total value of $39,168.00. Following the completion of the purchase, the director now owns 9,659 shares in the company, valued at approximately $1,390,896. This represents a 2.90 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Richard Scott Cooley also recently made the following trade(s):

• On Friday, December 20th, Richard Scott Cooley acquired 1,000 shares of Diamond Hill Investment Group stock. The shares were acquired at an average cost of $152.25 per share, with a total value of $152,250.00.

Diamond Hill Investment Group Price Performance

Shares of DHIL opened at $147.59 on Tuesday. The firm has a 50 day simple moving average of $149.54 and a 200-day simple moving average of $155.98. Diamond Hill Investment Group, Inc. has a 1-year low of $135.44 and a 1-year high of $173.25. The stock has a market cap of $411.33 million, a price-to-earnings ratio of 8.36 and a beta of 1.02.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its earnings results on Wednesday, February 26th. The asset manager reported $3.66 earnings per share (EPS) for the quarter. Diamond Hill Investment Group had a net margin of 33.88% and a return on equity of 20.00%. The firm had revenue of $39.12 million for the quarter.

Diamond Hill Investment Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a dividend of $1.50 per share. The ex-dividend date is Monday, March 10th. This represents a $6.00 dividend on an annualized basis and a yield of 4.07%. Diamond Hill Investment Group’s dividend payout ratio (DPR) is currently 38.39%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Diamond Hill Investment Group from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Institutional Trading of Diamond Hill Investment Group

Hedge funds have recently bought and sold shares of the company. R Squared Ltd acquired a new stake in Diamond Hill Investment Group during the fourth quarter worth approximately $54,000. Tower Research Capital LLC TRC boosted its position in Diamond Hill Investment Group by 300.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 425 shares of the asset manager’s stock worth $66,000 after acquiring an additional 319 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in Diamond Hill Investment Group during the third quarter worth approximately $76,000. Western Pacific Wealth Management LP acquired a new stake in Diamond Hill Investment Group during the third quarter worth approximately $81,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Diamond Hill Investment Group during the fourth quarter worth approximately $109,000. Institutional investors and hedge funds own 65.50% of the company’s stock.

About Diamond Hill Investment Group

Diamond Hill Investment Group, Inc, through its subsidiary, Diamond Hill Capital Management, Inc, provides investment advisory and fund administration services in the United States. It offers investment advisory and related services to clients through pooled vehicles, such as private fund; separately managed accounts; collective investment trusts; and other pooled vehicles, including sub-advised funds and model delivery programs.