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

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) declared a quarterly dividend on Monday, July 29th, Zacks reports. Stockholders of record on Thursday, August 29th will be paid a dividend of 1.50 per share by the asset manager on Friday, September 13th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Thursday, August 29th.

Diamond Hill Investment Group Trading Up 0.1 %

DHIL stock traded up $0.22 during mid-day trading on Wednesday, reaching $160.54. The company’s stock had a trading volume of 986 shares, compared to its average volume of 18,076. The company has a market cap of $445.18 million, a price-to-earnings ratio of 10.86 and a beta of 1.00. Diamond Hill Investment Group has a 12 month low of $135.44 and a 12 month high of $173.98. The business’s 50 day moving average price is $150.17 and its 200 day moving average price is $151.02.

Diamond Hill Investment Group (NASDAQ:DHIL) last issued its earnings results on Wednesday, July 31st. The asset manager reported $2.88 earnings per share (EPS) for the quarter. Diamond Hill Investment Group had a net margin of 28.97% and a return on equity of 19.58%. The business had revenue of $36.66 million for the quarter.

Insider Activity

In related news, Director James F. Laird, Jr. sold 3,000 shares of Diamond Hill Investment Group stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $150.20, for a total value of $450,600.00. Following the completion of the sale, the director now owns 25,000 shares of the company’s stock, valued at approximately $3,755,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Richard Scott Cooley purchased 500 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was acquired at an average cost of $150.00 per share, with a total value of $75,000.00. Following the transaction, the director now owns 8,387 shares of the company’s stock, valued at approximately $1,258,050. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James F. Laird, Jr. sold 3,000 shares of Diamond Hill Investment Group stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $150.20, for a total transaction of $450,600.00. Following the transaction, the director now directly owns 25,000 shares in the company, valued at $3,755,000. The disclosure for this sale can be found here. Insiders bought a total of 1,150 shares of company stock worth $165,541 over the last quarter. 3.50% of the stock is currently 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.