Heather E. Brilliant Acquires 250 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) CEO Heather E. Brilliant bought 250 shares of Diamond Hill Investment Group stock in a transaction on Thursday, June 27th. The shares were purchased at an average cost of $139.38 per share, with a total value of $34,845.00. Following the acquisition, the chief executive officer now directly owns 46,589 shares of the company’s stock, valued at $6,493,574.82. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Diamond Hill Investment Group Price Performance

Shares of Diamond Hill Investment Group stock opened at $144.78 on Wednesday. The business has a 50 day simple moving average of $149.87 and a two-hundred day simple moving average of $153.87. Diamond Hill Investment Group, Inc. has a 12 month low of $135.44 and a 12 month high of $188.28. The stock has a market capitalization of $401.04 million, a P/E ratio of 9.81 and a beta of 1.00.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its earnings results on Wednesday, May 8th. The asset manager reported $3.00 EPS for the quarter. The business had revenue of $36.30 million during the quarter. Diamond Hill Investment Group had a return on equity of 18.75% and a net margin of 30.60%.

Diamond Hill Investment Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were given a $1.50 dividend. The ex-dividend date was Monday, June 3rd. This represents a $6.00 annualized dividend and a yield of 4.14%. Diamond Hill Investment Group’s payout ratio is 40.65%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its position in Diamond Hill Investment Group by 91.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 159 shares of the asset manager’s stock worth $26,000 after acquiring an additional 76 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Diamond Hill Investment Group in the fourth quarter worth approximately $70,000. Sunbelt Securities Inc. grew its position in Diamond Hill Investment Group by 1,000.0% in the third quarter. Sunbelt Securities Inc. now owns 550 shares of the asset manager’s stock worth $93,000 after acquiring an additional 500 shares during the period. Carolinas Wealth Consulting LLC purchased a new position in Diamond Hill Investment Group in the fourth quarter worth approximately $99,000. Finally, SG Americas Securities LLC purchased a new position in Diamond Hill Investment Group in the fourth quarter worth approximately $123,000. 65.50% of the stock is currently 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.