Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) CEO Heather E. Brilliant Buys 250 Shares

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) CEO Heather E. Brilliant bought 250 shares of Diamond Hill Investment Group stock in a transaction dated Thursday, June 27th. The stock was purchased at an average cost of $139.38 per share, for a total transaction of $34,845.00. Following the completion of the acquisition, the chief executive officer now directly owns 46,589 shares of the company’s stock, valued at approximately $6,493,574.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Diamond Hill Investment Group Stock Performance

NASDAQ:DHIL traded up $1.70 during trading hours on Monday, reaching $142.45. The stock had a trading volume of 6,984 shares, compared to its average volume of 17,385. The stock has a market capitalization of $394.59 million, a PE ratio of 9.65 and a beta of 1.00. Diamond Hill Investment Group, Inc. has a 52 week low of $135.44 and a 52 week high of $188.28. The company has a 50 day moving average price of $150.19 and a two-hundred day moving average price of $154.23.

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

Diamond Hill Investment Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, June 3rd were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 4.21%. The ex-dividend date was Monday, June 3rd. Diamond Hill Investment Group’s dividend payout ratio is 40.65%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DHIL. Tower Research Capital LLC TRC raised its holdings in Diamond Hill Investment Group by 91.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 159 shares of the asset manager’s stock valued at $26,000 after buying an additional 76 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Diamond Hill Investment Group in the fourth quarter valued at $70,000. Sunbelt Securities Inc. lifted its holdings in shares of Diamond Hill Investment Group by 1,000.0% in the 3rd 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 last quarter. Carolinas Wealth Consulting LLC purchased a new position in shares of Diamond Hill Investment Group during the 4th quarter worth about $99,000. Finally, SG Americas Securities LLC bought a new position in Diamond Hill Investment Group during the 4th quarter valued at about $123,000. Hedge funds and other institutional investors own 65.50% of the company’s stock.

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.