The director of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL – Get Rating ) Richard Scott Cooley bought 500 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The shares were acquired at an average price of $158.00 per share, for a total transaction of $79,000.00. Following the completion of the acquisition, the director now directly owns 6,437 shares in the company, valued at approximately $1,017,046. The acquisition was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website.
Price performance of Diamond Hill Investment Group
→ This trading strategy beats almost everything (From Investing Daily)
DHIL traded up $0.04 during trading on Friday, reaching $165.04. The stock had a trading volume of 5,734 shares, compared to its average volume of 12,926. The company has a 50-day moving average price of $181.46 and a 200-day moving average price of $178.03. The firm has a market cap of $503.37 million, a price-to-earnings ratio of 12.60 and a beta of 0.95. Diamond Hill Investment Group, Inc. has a one year low of $154.24 and a one year high of $197.00.
Diamond Hill Investment Group cuts dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 17th. Investors of record on Monday, March 6th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Friday, March 3rd. This represents a $6.00 annual dividend and a yield of 3.64%. Diamond Hill Investment Group’s dividend payout ratio (DPR) is currently 45.80%.
Promote and demote an analyst
Separately, StockNews.com assumed coverage on Diamond Hill Investment Group in a research note on Thursday. They issued a “buy” rating on the company.
Diamond Hill Investment Group Institutional Trading
Several institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein LP boosted its stake in Diamond Hill Investment Group by 6.6% in the 4th quarter. Alliancebernstein LP now owns 1,613 shares of the asset manager’s stock valued at $298,000 after buying an additional 100 shares during the period. Millennium Management LLC lifted its position in shares of Diamond Hill Investment Group by 139.7% in the 4th quarter. Millennium Management LLC now owns 3,905 shares of the asset manager’s stock valued at $723,000 after acquiring an additional 2,276 shares during the period. Evergreen Wealth Management LLC bought a new stake in shares of Diamond Hill Investment Group in the 4th quarter valued at $2,088,000. Alps Advisors Inc. raised its position in shares of Diamond Hill Investment Group by 11.4% during the 4th quarter. Alps Advisors Inc. now owns 4,846 shares of the asset manager’s stock valued at $897,000 after acquiring an additional 496 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Diamond Hill Investment Group by 4.0% during the 4th quarter. AQR Capital Management LLC now owns 25,930 shares of the asset manager’s stock valued at $4,798,000 after acquiring an additional 989 shares during the period. 62.83% of the shares are currently owned by institutional investors.
About Diamond Hill Investment Group
(Get Rating)
Diamond Hill Investment Group, Inc operates as an independent investment management company. The firm provides investment management and administration services. Offers equities, fixed income, mutual funds and corporate loans. The company was founded in April 1990 and is headquartered in Columbus, Ohio.
Read more
This instant news alert is generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Diamond Hill Investment Group, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients daily. MarketBeat identified the five stocks top analysts are quietly whispering to their clients to buy now before the broader market takes a nosedive … and Diamond Hill Investment Group wasn’t on the list.
While Diamond Hill Investment Group currently has a “hold” rating among analysts, the top-rated analysts think these five stocks are better buys.
Check out the five stocks here
