Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Announces Quarterly Dividend of $1.50

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) announced a quarterly dividend on Monday, November 4th,Zacks Dividends reports. Stockholders of record on Friday, November 22nd will be given a dividend of 1.50 per share by the asset manager on Friday, December 6th. This represents a $6.00 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Friday, November 22nd.

Diamond Hill Investment Group Trading Down 0.2 %

NASDAQ:DHIL opened at $169.16 on Wednesday. The stock has a 50-day moving average price of $159.07 and a 200 day moving average price of $154.12. The stock has a market capitalization of $460.12 million, a P/E ratio of 9.58 and a beta of 1.00. Diamond Hill Investment Group has a 12-month low of $135.44 and a 12-month high of $173.98.

Insiders Place Their Bets

In related news, Director James F. Laird, Jr. sold 5,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $168.53, for a total transaction of $842,650.00. Following the completion of the sale, the director now owns 20,000 shares in the company, valued at $3,370,600. This represents a 20.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pierre Nicole Renee St. sold 300 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $167.00, for a total value of $50,100.00. Following the transaction, the director now directly owns 4,187 shares in the company, valued at $699,229. This represents a 6.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,850 shares of company stock worth $1,154,930. Company insiders own 4.80% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 6th.

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.