Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) CEO Buys $34,845.00 in Stock

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, with a total value of $34,845.00. Following the completion of the acquisition, the chief executive officer now directly owns 46,589 shares in the company, valued at approximately $6,493,574.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Diamond Hill Investment Group Stock Performance

Diamond Hill Investment Group stock opened at $143.26 on Thursday. Diamond Hill Investment Group, Inc. has a fifty-two week low of $135.44 and a fifty-two week high of $188.28. The company has a market capitalization of $396.83 million, a P/E ratio of 9.71 and a beta of 1.00. The stock has a 50-day simple moving average of $149.70 and a 200-day simple moving average of $153.80.

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 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 business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend was Monday, June 3rd. Diamond Hill Investment Group’s dividend payout ratio is presently 40.65%.

Institutional Trading of Diamond Hill Investment Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in DHIL. Charles Schwab Investment Management Inc. raised its stake in Diamond Hill Investment Group by 17.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 37,275 shares of the asset manager’s stock valued at $6,283,000 after acquiring an additional 5,532 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Diamond Hill Investment Group by 849.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,101 shares of the asset manager’s stock worth $186,000 after purchasing an additional 985 shares during the period. AQR Capital Management LLC raised its stake in shares of Diamond Hill Investment Group by 2.7% during the 3rd quarter. AQR Capital Management LLC now owns 28,430 shares of the asset manager’s stock worth $4,792,000 after buying an additional 739 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Diamond Hill Investment Group by 6.6% during the 3rd quarter. American Century Companies Inc. now owns 28,345 shares of the asset manager’s stock worth $4,778,000 after buying an additional 1,754 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in shares of 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 buying an additional 500 shares in the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.

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.