Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Insider Purchases $55,696.00 in Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) insider Jo Ann Quinif bought 400 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was bought at an average price of $139.24 per share, with a total value of $55,696.00. Following the completion of the purchase, the insider now directly owns 20,892 shares in the company, valued at $2,909,002.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Diamond Hill Investment Group Trading Up 1.2 %

Shares of NASDAQ DHIL traded up $1.70 during midday trading on Monday, reaching $142.45. The company had a trading volume of 6,984 shares, compared to its average volume of 17,385. Diamond Hill Investment Group, Inc. has a 1 year low of $135.44 and a 1 year high of $188.28. The business’s 50-day simple moving average is $150.19 and its 200 day simple moving average is $154.23. The stock has a market cap of $394.59 million, a P/E ratio of 9.65 and a beta of 1.00.

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

Diamond Hill Investment Group Dividend Announcement

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

Institutional Investors Weigh In On Diamond Hill Investment Group

Large investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new position in shares of Diamond Hill Investment Group in the 1st quarter valued at about $2,473,000. Assenagon Asset Management S.A. purchased a new position in Diamond Hill Investment Group during the fourth quarter valued at approximately $1,239,000. Charles Schwab Investment Management Inc. boosted its position in Diamond Hill Investment Group by 17.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 37,275 shares of the asset manager’s stock worth $6,283,000 after purchasing an additional 5,532 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Diamond Hill Investment Group during the 1st quarter worth approximately $670,000. Finally, Pullen Investment Management LLC purchased a new position in shares of Diamond Hill Investment Group during the 1st quarter valued at approximately $611,000. Hedge funds and other institutional investors own 65.50% of the company’s stock.

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.