Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Get Free Report) Director Richard Scott Cooley acquired 100 shares of the company's stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average price of $142.50 per share, for a total transaction of $14,250.00. Following the acquisition, the director now directly owns 10,809 shares of the company's stock, valued at $1,540,282.50. The trade was a 0.93 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
Richard Scott Cooley also recently made the following trade(s):
- On Friday, March 21st, Richard Scott Cooley purchased 50 shares of Diamond Hill Investment Group stock. The shares were acquired at an average price of $143.50 per share, for a total transaction of $7,175.00.
- On Wednesday, March 12th, Richard Scott Cooley acquired 500 shares of Diamond Hill Investment Group stock. The stock was acquired at an average price of $144.00 per share, with a total value of $72,000.00.
- On Wednesday, March 5th, Richard Scott Cooley bought 500 shares of Diamond Hill Investment Group stock. The shares were acquired at an average cost of $146.00 per share, for a total transaction of $73,000.00.
- On Friday, February 28th, Richard Scott Cooley purchased 272 shares of Diamond Hill Investment Group stock. The shares were bought at an average price of $144.00 per share, with a total value of $39,168.00.
Diamond Hill Investment Group Trading Up 1.3 %
NASDAQ DHIL opened at $144.76 on Wednesday. Diamond Hill Investment Group, Inc. has a 1 year low of $135.44 and a 1 year high of $173.25. The company has a fifty day simple moving average of $147.08 and a 200 day simple moving average of $154.46. The company has a market cap of $403.45 million, a P/E ratio of 8.20 and a beta of 1.01.
Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The asset manager reported $3.66 earnings per share (EPS) for the quarter. The company had revenue of $39.12 million during the quarter. Diamond Hill Investment Group had a net margin of 33.88% and a return on equity of 20.00%.
Diamond Hill Investment Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 4.14%. The ex-dividend date was Monday, March 10th. Diamond Hill Investment Group's dividend payout ratio is currently 38.39%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. R Squared Ltd acquired a new stake in shares of Diamond Hill Investment Group in the fourth quarter worth $54,000. Tower Research Capital LLC TRC grew its position in Diamond Hill Investment Group by 300.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 425 shares of the asset manager's stock worth $66,000 after purchasing an additional 319 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Diamond Hill Investment Group during the fourth quarter valued at about $109,000. FMR LLC lifted its stake in shares of Diamond Hill Investment Group by 268.4% in the third quarter. FMR LLC now owns 1,223 shares of the asset manager's stock valued at $198,000 after buying an additional 891 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in Diamond Hill Investment Group during the fourth quarter worth about $199,000. 65.50% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded Diamond Hill Investment Group from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th.
Read Our Latest Analysis on DHIL
Diamond Hill Investment Group Company Profile
(
Get Free Report)
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.
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