Jo Ann Quinif Purchases 400 Shares of Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Stock

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) insider Jo Ann Quinif acquired 400 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were bought at an average price of $139.24 per share, for a total transaction of $55,696.00. Following the completion of the acquisition, the insider now owns 20,892 shares in the company, valued at $2,909,002.08. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Diamond Hill Investment Group Stock Performance

DHIL opened at $144.78 on Wednesday. The firm has a 50 day moving average price of $149.87 and a 200 day moving average price of $153.87. The company has a market cap of $401.04 million, a PE ratio of 9.81 and a beta of 1.00. Diamond Hill Investment Group, Inc. has a 1 year low of $135.44 and a 1 year high of $188.28.

Diamond Hill Investment Group (NASDAQ:DHIL) last issued its quarterly earnings data on Wednesday, May 8th. The asset manager reported $3.00 earnings per share (EPS) for the quarter. Diamond Hill Investment Group had a net margin of 30.60% and a return on equity of 18.75%. The company had revenue of $36.30 million during the quarter.

Diamond Hill Investment Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend was Monday, June 3rd. Diamond Hill Investment Group’s dividend payout ratio (DPR) is 40.65%.

Institutional Trading of Diamond Hill Investment Group

Several large investors have recently bought and sold shares of DHIL. Tower Research Capital LLC TRC boosted its stake in shares of Diamond Hill Investment Group by 91.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 159 shares of the asset manager’s stock valued at $26,000 after buying an additional 76 shares during the last quarter. Legato Capital Management LLC boosted its stake in shares of Diamond Hill Investment Group by 2.3% during the 4th quarter. Legato Capital Management LLC now owns 9,616 shares of the asset manager’s stock valued at $1,592,000 after buying an additional 212 shares during the last quarter. Dean Capital Management boosted its stake in shares of Diamond Hill Investment Group by 2.3% during the 4th quarter. Dean Capital Management now owns 9,616 shares of the asset manager’s stock valued at $1,592,000 after buying an additional 212 shares during the last quarter. BCGM Wealth Management LLC boosted its stake in shares of Diamond Hill Investment Group by 1.5% during the 4th quarter. BCGM Wealth Management LLC now owns 16,906 shares of the asset manager’s stock valued at $2,799,000 after buying an additional 245 shares during the last quarter. Finally, Evergreen Wealth Management LLC boosted its stake in shares of Diamond Hill Investment Group by 2.0% during the 4th quarter. Evergreen Wealth Management LLC now owns 16,316 shares of the asset manager’s stock valued at $2,702,000 after buying an additional 322 shares during the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

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.