Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Acquires $37,279.80 in Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Get Free Report) Director Richard Scott Cooley acquired 278 shares of Diamond Hill Investment Group stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost of $134.10 per share, with a total value of $37,279.80. Following the completion of the acquisition, the director now directly owns 13,829 shares in the company, valued at $1,854,468.90. This trade represents a 2.05% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, May 2nd, Richard Scott Cooley purchased 124 shares of Diamond Hill Investment Group stock. The shares were purchased at an average cost of $129.00 per share, for a total transaction of $15,996.00.
• On Wednesday, April 30th, Richard Scott Cooley bought 1,000 shares of Diamond Hill Investment Group stock. The stock was bought at an average cost of $124.50 per share, with a total value of $124,500.00.
• On Monday, March 31st, Richard Scott Cooley acquired 100 shares of Diamond Hill Investment Group stock. The shares were bought at an average cost of $142.50 per share, with a total value of $14,250.00.
• On Friday, March 21st, Richard Scott Cooley bought 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 bought 500 shares of Diamond Hill Investment Group stock. The stock was purchased at an average cost 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 stock was bought at an average cost of $146.00 per share, for a total transaction of $73,000.00.
• On Friday, February 28th, Richard Scott Cooley acquired 272 shares of Diamond Hill Investment Group stock. The stock was bought at an average cost of $144.00 per share, for a total transaction of $39,168.00.

Diamond Hill Investment Group Price Performance

Diamond Hill Investment Group stock traded up $2.65 during trading on Monday, reaching $142.74. 14,271 shares of the company were exchanged, compared to its average volume of 17,349. Diamond Hill Investment Group, Inc. has a 52-week low of $122.32 and a 52-week high of $173.25. The company has a market capitalization of $397.82 million, a P/E ratio of 8.08 and a beta of 0.76. The stock's 50 day simple moving average is $137.66 and its two-hundred day simple moving average is $149.13.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The asset manager reported $3.23 earnings per share for the quarter. The business had revenue of $37.12 million during the quarter. Diamond Hill Investment Group had a return on equity of 20.00% and a net margin of 33.88%.

Diamond Hill Investment Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Monday, June 2nd. Diamond Hill Investment Group's payout ratio is 40.60%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Diamond Hill Investment Group from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th.

Hedge Funds Weigh In On Diamond Hill Investment Group

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in Diamond Hill Investment Group during the fourth quarter worth approximately $527,000. JPMorgan Chase & Co. boosted its holdings in Diamond Hill Investment Group by 66.4% during the third quarter. JPMorgan Chase & Co. now owns 11,262 shares of the asset manager's stock valued at $1,820,000 after acquiring an additional 4,493 shares during the period. Barclays PLC boosted its holdings in Diamond Hill Investment Group by 279.9% during the third quarter. Barclays PLC now owns 4,654 shares of the asset manager's stock valued at $753,000 after acquiring an additional 3,429 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Diamond Hill Investment Group in the fourth quarter valued at about $3,729,000. Finally, Jane Street Group LLC lifted its stake in Diamond Hill Investment Group by 34.7% during the third quarter. Jane Street Group LLC now owns 2,863 shares of the asset manager's stock worth $463,000 after purchasing an additional 738 shares during the period. 65.50% of the stock is currently owned by institutional investors and hedge funds.

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.