Richard Scott Cooley Buys 100 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley acquired 100 shares of the business’s stock in a transaction on Monday, March 31st. The stock was purchased at an average cost of $142.50 per share, with a total value 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. This represents a 0.93 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• 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 purchased 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 acquired 500 shares of Diamond Hill Investment Group stock. The stock was 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 bought 272 shares of Diamond Hill Investment Group stock. The shares were acquired at an average cost of $144.00 per share, with a total value of $39,168.00.

Diamond Hill Investment Group Stock Performance

Shares of DHIL opened at $145.80 on Thursday. The stock has a 50 day moving average price of $147.01 and a 200 day moving average price of $154.40. Diamond Hill Investment Group, Inc. has a one year low of $135.44 and a one year high of $173.25. The stock has a market capitalization of $406.34 million, a price-to-earnings ratio of 8.26 and a beta of 0.83.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its earnings results on Wednesday, February 26th. The asset manager reported $3.66 earnings per share (EPS) for the quarter. The business 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a $1.50 dividend. The ex-dividend date was Monday, March 10th. This represents a $6.00 dividend on an annualized basis and a yield of 4.12%. Diamond Hill Investment Group’s payout ratio is 38.39%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. R Squared Ltd purchased a new position in Diamond Hill Investment Group during the fourth quarter worth approximately $54,000. Tower Research Capital LLC TRC raised its holdings in shares of Diamond Hill Investment Group by 300.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 425 shares of the asset manager’s stock worth $66,000 after acquiring an additional 319 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Diamond Hill Investment Group during the 4th quarter valued at about $109,000. FMR LLC grew its holdings 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 purchasing 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.

Wall Street Analysts Forecast Growth

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.

Diamond Hill Investment Group Company Profile

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.