Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Insider Buys $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 dated Thursday, June 27th. The shares were acquired at an average price of $139.24 per share, for a total transaction 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 SEC, which is available at this hyperlink.

Diamond Hill Investment Group Trading Down 1.0 %

NASDAQ:DHIL opened at $143.26 on Thursday. Diamond Hill Investment Group, Inc. has a 12 month low of $135.44 and a 12 month high of $188.28. The firm’s 50 day moving average is $149.70 and its 200 day moving average is $153.80. The stock has a market capitalization of $396.83 million, a PE ratio of 9.71 and a beta of 1.00.

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 (EPS) for the quarter. The business had revenue of $36.30 million for 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 Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DHIL. Tower Research Capital LLC TRC boosted its stake in Diamond Hill Investment Group by 91.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 159 shares of the asset manager’s stock worth $26,000 after purchasing an additional 76 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Diamond Hill Investment Group during the 4th quarter valued at $70,000. Sunbelt Securities Inc. increased its holdings in shares of Diamond Hill Investment Group by 1,000.0% in the third quarter. Sunbelt Securities Inc. now owns 550 shares of the asset manager’s stock worth $93,000 after purchasing an additional 500 shares during the period. Carolinas Wealth Consulting LLC purchased a new stake in shares of Diamond Hill Investment Group in the 4th quarter valued at about $99,000. Finally, SG Americas Securities LLC bought a new stake in shares of Diamond Hill Investment Group during the 4th quarter valued at about $123,000. 65.50% of the stock is currently 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.