Diamond Hill Investment Group (NASDAQ:DHIL) Reaches New 1-Year High at $179.99

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Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $179.99 and last traded at $176.35, with a volume of 256 shares changing hands. The stock had previously closed at $175.70.

The firm has a market cap of $571.41 million, a price-to-earnings ratio of 15.21 and a beta of 1.00. The business has a 50 day moving average of $164.23 and a 200 day moving average of $152.58.

Diamond Hill Investment Group (NASDAQ:DHIL) last released its earnings results on Thursday, February 25th. The asset manager reported $3.09 earnings per share (EPS) for the quarter. The company had revenue of $35.04 million for the quarter. Diamond Hill Investment Group had a net margin of 29.63% and a return on equity of 19.59%.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 18th. Investors of record on Thursday, June 3rd will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, June 2nd. This represents a $4.00 dividend on an annualized basis and a yield of 2.24%.

In other Diamond Hill Investment Group news, Director Richard Scott Cooley purchased 1,500 shares of the stock in a transaction on Friday, February 26th. The stock was bought at an average price of $142.00 per share, for a total transaction of $213,000.00. Following the acquisition, the director now directly owns 5,279 shares of the company’s stock, valued at $749,618. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James F. Laird, Jr. acquired 500 shares of the company’s stock in a transaction dated Monday, March 1st. The shares were bought at an average cost of $145.20 per share, with a total value of $72,600.00. Following the purchase, the director now owns 33,500 shares in the company, valued at $4,864,200. The disclosure for this purchase can be found here. 3.40% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its position in Diamond Hill Investment Group by 17.5% during the first quarter. FMR LLC now owns 40,201 shares of the asset manager’s stock worth $5,629,000 after purchasing an additional 5,998 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Diamond Hill Investment Group in the 4th quarter worth $307,000. Nisa Investment Advisors LLC raised its position in shares of Diamond Hill Investment Group by 224.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,800 shares of the asset manager’s stock worth $269,000 after buying an additional 1,245 shares during the period. Camelot Portfolios LLC boosted its holdings in Diamond Hill Investment Group by 18.8% in the fourth quarter. Camelot Portfolios LLC now owns 1,900 shares of the asset manager’s stock valued at $284,000 after acquiring an additional 300 shares during the last quarter. Finally, Falcon Point Capital LLC purchased a new stake in Diamond Hill Investment Group during the fourth quarter valued at about $294,000. 54.58% of the stock is currently owned by institutional investors and hedge funds.

Diamond Hill Investment Group Company Profile (NASDAQ:DHIL)

Diamond Hill Investment Group, Inc, together with its subsidiaries, provides investment advisory and fund administration services in the United States. It sponsors, distributes, and offers investment advisory and related services to its clients. The company also provides fund administration services, including portfolio and regulatory compliance, treasury and financial oversight, and general business management and governance of the mutual fund complex, as well as oversight of back-office service providers, such as the custodian, fund accountant, and transfer agent.

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