Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Get Free Report) Director Richard Scott Cooley bought 1,000 shares of the stock in a transaction on Friday, December 20th. The stock was purchased at an average price of $152.25 per share, with a total value of $152,250.00. Following the completion of the acquisition, the director now directly owns 9,387 shares in the company, valued at approximately $1,429,170.75. This trade represents a 11.92 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
DHIL stock traded up $1.01 during trading on Monday, reaching $151.16. 20,278 shares of the company traded hands, compared to its average volume of 17,178. The company has a market capitalization of $411.61 million, a price-to-earnings ratio of 8.56 and a beta of 1.02. The business has a 50 day simple moving average of $161.69 and a 200 day simple moving average of $155.61. Diamond Hill Investment Group, Inc. has a 12 month low of $135.44 and a 12 month high of $173.25.
The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Friday, November 22nd. Diamond Hill Investment Group's dividend payout ratio is currently 33.98%.
Separately, StockNews.com upgraded shares of Diamond Hill Investment Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, November 6th.
View Our Latest Stock Report on Diamond Hill Investment Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DHIL. Barclays PLC increased its stake in Diamond Hill Investment Group by 279.9% during the 3rd quarter. Barclays PLC now owns 4,654 shares of the asset manager's stock valued at $753,000 after purchasing an additional 3,429 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Diamond Hill Investment Group by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 72,980 shares of the asset manager's stock valued at $11,797,000 after acquiring an additional 1,215 shares during the period. Y Intercept Hong Kong Ltd raised its stake in Diamond Hill Investment Group by 5.2% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 1,926 shares of the asset manager's stock worth $311,000 after acquiring an additional 96 shares during the last quarter. Dean Investment Associates LLC lifted its position in Diamond Hill Investment Group by 3.5% during the 3rd quarter. Dean Investment Associates LLC now owns 25,188 shares of the asset manager's stock worth $4,071,000 after acquiring an additional 847 shares during the period. Finally, Jane Street Group LLC grew its stake in Diamond Hill Investment Group by 34.7% during the 3rd quarter. Jane Street Group LLC now owns 2,863 shares of the asset manager's stock valued at $463,000 after purchasing an additional 738 shares during the last quarter. 65.50% of the stock is currently owned by hedge funds and other institutional investors.
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.
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