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

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) declared a quarterly dividend on Monday, November 4th,Zacks Dividends reports. Stockholders of record on Friday, November 22nd will be given a dividend of 1.50 per share by the asset manager on Friday, December 6th. This represents a $6.00 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend is Friday, November 22nd.

Diamond Hill Investment Group Trading Up 0.3 %

Diamond Hill Investment Group stock opened at $169.66 on Thursday. The company’s 50-day moving average price is $159.44 and its two-hundred day moving average price is $154.22. The stock has a market cap of $461.48 million, a price-to-earnings ratio of 9.61 and a beta of 1.00. Diamond Hill Investment Group has a 52 week low of $135.44 and a 52 week high of $173.98.

Insider Activity

In other news, Director L’quentus Thomas sold 250 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $161.64, for a total transaction of $40,410.00. Following the completion of the sale, the director now directly owns 1,858 shares of the company’s stock, valued at $300,327.12. This represents a 11.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James F. Laird, Jr. sold 5,000 shares of Diamond Hill Investment Group stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $168.53, for a total value of $842,650.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $3,370,600. This represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,850 shares of company stock worth $1,154,930. Corporate insiders own 4.80% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 6th.

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.