Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) CEO Heather E. Brilliant Purchases 600 Shares

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) CEO Heather E. Brilliant acquired 600 shares of Diamond Hill Investment Group stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average price of $134.00 per share, with a total value of $80,400.00. Following the completion of the transaction, the chief executive officer now owns 22,819 shares of the company’s stock, valued at approximately $3,057,746. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of NASDAQ DHIL traded up $1.25 during trading on Wednesday, hitting $135.85. The company had a trading volume of 15,272 shares, compared to its average volume of 17,066. The company has a market cap of $462.11 million, a P/E ratio of 12.02 and a beta of 0.56. Diamond Hill Investment Group, Inc. has a 52 week low of $124.57 and a 52 week high of $167.73. The business’s 50-day moving average is $141.07 and its 200 day moving average is $138.51.

The business also recently declared a dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, December 2nd will be issued a $9.00 dividend. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Diamond Hill Investment Group’s previous dividend of $8.00.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in Diamond Hill Investment Group by 8.7% during the 2nd quarter. Royal Bank of Canada now owns 1,052 shares of the asset manager’s stock valued at $149,000 after purchasing an additional 84 shares during the period. Enterprise Financial Services Corp raised its stake in Diamond Hill Investment Group by 22.0% during the 3rd quarter. Enterprise Financial Services Corp now owns 515 shares of the asset manager’s stock valued at $71,000 after purchasing an additional 93 shares during the period. Prudential Financial Inc. raised its stake in Diamond Hill Investment Group by 5.7% during the 2nd quarter. Prudential Financial Inc. now owns 2,050 shares of the asset manager’s stock valued at $291,000 after purchasing an additional 110 shares during the period. Meeder Asset Management Inc. raised its stake in Diamond Hill Investment Group by 10.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 1,671 shares of the asset manager’s stock valued at $237,000 after purchasing an additional 162 shares during the period. Finally, HM Payson & Co. acquired a new stake in Diamond Hill Investment Group during the 2nd quarter valued at $28,000. 54.91% of the stock is currently owned by institutional investors.

Several equities analysts have recently issued reports on the company. BidaskClub downgraded Diamond Hill Investment Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st. ValuEngine raised Diamond Hill Investment Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

Diamond Hill Investment Group Company Profile

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 a range of clients, such as corporations, mutual funds, retirement plans, public pension funds, endowments, foundations, financial institutions, and high net worth individuals.

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