Richard Scott Cooley Acquires 124 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Get Free Report) Director Richard Scott Cooley acquired 124 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was bought at an average price of $129.00 per share, for a total transaction of $15,996.00. Following the completion of the transaction, the director now owns 13,551 shares of the company's stock, valued at $1,748,079. The trade was a 0.92 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Tuesday, May 6th, Richard Scott Cooley purchased 278 shares of Diamond Hill Investment Group stock. The stock was bought at an average cost of $134.10 per share, with a total value of $37,279.80.
• On Wednesday, April 30th, Richard Scott Cooley acquired 1,000 shares of Diamond Hill Investment Group stock. The shares were 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 bought 100 shares of Diamond Hill Investment Group stock. The stock was purchased at an average cost of $142.50 per share, for a total transaction of $14,250.00.
• On Friday, March 21st, Richard Scott Cooley acquired 50 shares of Diamond Hill Investment Group stock. The shares were purchased 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 price of $144.00 per share, with a total value of $72,000.00.
• On Wednesday, March 5th, Richard Scott Cooley acquired 500 shares of Diamond Hill Investment Group stock. The stock was acquired at an average price of $146.00 per share, with a total value of $73,000.00.
• On Friday, February 28th, Richard Scott Cooley bought 272 shares of Diamond Hill Investment Group stock. The stock was bought at an average cost of $144.00 per share, with a total value of $39,168.00.

Diamond Hill Investment Group Stock Up 0.4 %

Shares of NASDAQ:DHIL traded up $0.51 during midday trading on Friday, hitting $140.12. 13,696 shares of the stock traded hands, compared to its average volume of 17,361. The business's 50 day moving average is $137.66 and its two-hundred day moving average is $149.18. The stock has a market capitalization of $390.51 million, a PE ratio of 7.93 and a beta of 0.76. Diamond Hill Investment Group, Inc. has a one year low of $122.32 and a one year high of $173.25.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The asset manager reported $3.23 EPS 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Monday, June 2nd. Diamond Hill Investment Group's payout ratio is 40.60%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new position in Diamond Hill Investment Group during the fourth quarter valued at $527,000. JPMorgan Chase & Co. raised its position in Diamond Hill Investment Group by 66.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,262 shares of the asset manager's stock worth $1,820,000 after buying an additional 4,493 shares during the last quarter. Barclays PLC lifted its stake in Diamond Hill Investment Group by 279.9% during the 3rd 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 purchased a new stake in shares of Diamond Hill Investment Group during the 4th quarter valued at about $3,729,000. Finally, Jane Street Group LLC grew its stake in shares of Diamond Hill Investment Group by 34.7% in the third quarter. Jane Street Group LLC now owns 2,863 shares of the asset manager's stock worth $463,000 after acquiring an additional 738 shares during the period. 65.50% of the stock is owned by hedge funds and other institutional investors.

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.