Richard Scott Cooley Purchases 1,000 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, April 30th. The stock was purchased at an average price of $124.50 per share, with a total value of $124,500.00. Following the completion of the acquisition, the director now directly owns 12,735 shares in the company, valued at approximately $1,585,507.50. This represents a 8.52 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, March 31st, Richard Scott Cooley bought 100 shares of Diamond Hill Investment Group stock. The stock was purchased at an average price 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 stock was purchased at an average cost of $143.50 per share, with a total value of $7,175.00.
• On Wednesday, March 12th, Richard Scott Cooley purchased 500 shares of Diamond Hill Investment Group stock. The shares were acquired at an average cost of $144.00 per share, for a total transaction 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 cost 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 acquired at an average price of $144.00 per share, for a total transaction of $39,168.00.

Diamond Hill Investment Group Price Performance

DHIL opened at $131.41 on Friday. The stock’s 50 day simple moving average is $138.54 and its 200 day simple moving average is $149.87. The firm has a market cap of $366.24 million, a price-to-earnings ratio of 7.44 and a beta of 0.76. Diamond Hill Investment Group, Inc. has a 1 year low of $122.32 and a 1 year high of $173.25.

Diamond Hill Investment Group (NASDAQ:DHIL) last issued its earnings results on Tuesday, April 29th. The asset manager reported $3.23 EPS for the quarter. Diamond Hill Investment Group had a net margin of 33.88% and a return on equity of 20.00%. The company had revenue of $37.12 million for the quarter.

Diamond Hill Investment Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 4.57%. The ex-dividend date is Monday, June 2nd. Diamond Hill Investment Group’s dividend payout ratio (DPR) is 40.60%.

Institutional Trading of Diamond Hill Investment Group

A number of institutional investors have recently modified their holdings of DHIL. Signaturefd LLC raised its position in Diamond Hill Investment Group by 68.5% during the 1st quarter. Signaturefd LLC now owns 273 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 111 shares during the last quarter. CWM LLC raised its holdings in shares of Diamond Hill Investment Group by 969.6% during the first quarter. CWM LLC now owns 599 shares of the asset manager’s stock valued at $86,000 after acquiring an additional 543 shares in the last quarter. Alps Advisors Inc. lifted its stake in Diamond Hill Investment Group by 7.8% in the first quarter. Alps Advisors Inc. now owns 31,916 shares of the asset manager’s stock worth $4,559,000 after acquiring an additional 2,318 shares during the period. Concurrent Investment Advisors LLC bought a new stake in Diamond Hill Investment Group in the first quarter valued at $3,387,000. Finally, Abundance Wealth Counselors increased its position in Diamond Hill Investment Group by 6.8% during the 1st quarter. Abundance Wealth Counselors now owns 4,888 shares of the asset manager’s stock valued at $698,000 after purchasing an additional 310 shares during the period. 65.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.