Richard Scott Cooley Acquires 278 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Director Richard Scott Cooley purchased 278 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $134.10 per share, for a total transaction of $37,279.80. Following the completion of the transaction, 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 acquisition was disclosed in a filing with the SEC, which is available at this link.

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

• On Friday, May 2nd, Richard Scott Cooley acquired 124 shares of Diamond Hill Investment Group stock. The stock was purchased at an average price of $129.00 per share, with a total value of $15,996.00.
• On Wednesday, April 30th, Richard Scott Cooley bought 1,000 shares of Diamond Hill Investment Group stock. The shares were acquired at an average price of $124.50 per share, for a total transaction of $124,500.00.
• On Monday, March 31st, Richard Scott Cooley purchased 100 shares of Diamond Hill Investment Group stock. The shares were acquired at an average price 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 stock was acquired at an average price of $143.50 per share, with a total value of $7,175.00.
• On Wednesday, March 12th, Richard Scott Cooley bought 500 shares of Diamond Hill Investment Group stock. The shares were acquired at an average price 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 shares were bought 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 shares were bought 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 $139.61 on Friday. The stock has a 50 day moving average price of $137.81 and a 200 day moving average price of $149.31. Diamond Hill Investment Group, Inc. has a one year low of $122.32 and a one year high of $173.25. The stock has a market capitalization of $389.09 million, a price-to-earnings ratio of 7.91 and a beta of 0.76.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its earnings results on Tuesday, April 29th. The asset manager reported $3.23 earnings per share (EPS) for the quarter. The company had revenue of $37.12 million for 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a $1.50 dividend. The ex-dividend date is Monday, June 2nd. This represents a $6.00 dividend on an annualized basis and a yield of 4.30%. Diamond Hill Investment Group’s payout ratio is 40.60%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Royce & Associates LP lifted its position in Diamond Hill Investment Group by 1.5% during the first quarter. Royce & Associates LP now owns 169,256 shares of the asset manager’s stock worth $24,177,000 after buying an additional 2,563 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Diamond Hill Investment Group by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 79,638 shares of the asset manager’s stock worth $12,352,000 after acquiring an additional 532 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Diamond Hill Investment Group by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 74,475 shares of the asset manager’s stock worth $11,554,000 after acquiring an additional 1,495 shares during the period. American Century Companies Inc. boosted its position in shares of Diamond Hill Investment Group by 28.7% during the 4th quarter. American Century Companies Inc. now owns 41,527 shares of the asset manager’s stock valued at $6,441,000 after acquiring an additional 9,258 shares during the last quarter. Finally, Alps Advisors Inc. grew its holdings in shares of 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 valued at $4,559,000 after purchasing an additional 2,318 shares during the period. 65.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut Diamond Hill Investment Group from a “strong-buy” rating to a “buy” rating in a report 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.