Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Announces Quarterly Dividend of $1.50

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) declared a quarterly dividend on Monday, November 4th, Zacks reports. Investors of record on Friday, November 22nd will be paid a dividend of 1.50 per share by the asset manager on Friday, December 6th. This represents a $6.00 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Friday, November 22nd.

Diamond Hill Investment Group Stock Up 6.4 %

NASDAQ:DHIL traded up $9.93 on Wednesday, reaching $166.00. 8,714 shares of the company’s stock traded hands, compared to its average volume of 17,073. The firm has a market cap of $456.67 million, a PE ratio of 9.36 and a beta of 1.00. The stock has a 50-day simple moving average of $156.46 and a 200-day simple moving average of $152.86. Diamond Hill Investment Group has a 12 month low of $135.44 and a 12 month high of $173.98.

Insider Activity at Diamond Hill Investment Group

In other Diamond Hill Investment Group news, Director James F. Laird, Jr. sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $150.20, for a total transaction of $450,600.00. Following the completion of the sale, the director now directly owns 25,000 shares of the company’s stock, valued at $3,755,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Diamond Hill Investment Group news, Director James F. Laird, Jr. sold 3,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $150.20, for a total transaction of $450,600.00. Following the completion of the transaction, the director now owns 25,000 shares of the company’s stock, valued at $3,755,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director L’quentus Thomas sold 250 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $161.64, for a total value of $40,410.00. Following the completion of the sale, the director now owns 1,858 shares in the company, valued at $300,327.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.80% of the stock is owned by corporate insiders.

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.