Insider Buying: Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Insider Buys 400 Shares of Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) insider Jo Ann Quinif acquired 400 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was purchased at an average price of $139.24 per share, with a total value of $55,696.00. Following the purchase, the insider now owns 20,892 shares in the company, valued at approximately $2,909,002.08. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Diamond Hill Investment Group Stock Performance

NASDAQ:DHIL traded up $1.70 during trading on Monday, reaching $142.45. The company’s stock had a trading volume of 6,984 shares, compared to its average volume of 17,385. The firm has a 50 day moving average of $150.19 and a 200-day moving average of $154.23. The firm has a market cap of $394.59 million, a price-to-earnings ratio of 9.65 and a beta of 1.00. Diamond Hill Investment Group, Inc. has a 12 month low of $135.44 and a 12 month high of $188.28.

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

Diamond Hill Investment Group Announces Dividend

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

Hedge Funds Weigh In On Diamond Hill Investment Group

Several large investors have recently modified their holdings of DHIL. Tower Research Capital LLC TRC increased its position in shares of Diamond Hill Investment Group by 91.6% during the fourth 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 position in Diamond Hill Investment Group during the fourth quarter valued at approximately $70,000. Sunbelt Securities Inc. increased its holdings in Diamond Hill Investment Group by 1,000.0% during 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 period. Carolinas Wealth Consulting LLC purchased a new stake in Diamond Hill Investment Group in the 4th quarter worth approximately $99,000. Finally, SG Americas Securities LLC bought a new position in Diamond Hill Investment Group in the 4th quarter valued at $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.