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. Shareholders 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 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Friday, November 22nd.

Diamond Hill Investment Group Trading Up 0.3 %

Shares of DHIL opened at $169.66 on Thursday. The stock’s fifty day simple moving average is $159.44 and its 200 day simple moving average is $154.22. Diamond Hill Investment Group has a twelve month low of $135.44 and a twelve month high of $173.98. The firm has a market capitalization of $461.48 million, a P/E ratio of 9.61 and a beta of 1.00.

Insider Buying and Selling

In other news, Director L’quentus Thomas sold 250 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $161.64, for a total value of $40,410.00. Following the completion of the sale, the director now owns 1,858 shares of the company’s stock, valued at approximately $300,327.12. The trade was a 11.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pierre Nicole Renee St. sold 300 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $167.00, for a total value of $50,100.00. Following the completion of the sale, the director now directly owns 4,187 shares of the company’s stock, valued at approximately $699,229. This represents a 6.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,850 shares of company stock valued at $1,154,930 in the last quarter. Company insiders own 4.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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.