Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) to Issue Dividend of $9.00

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) declared a dividend on Tuesday, October 29th, Fidelity reports. Stockholders of record on Monday, December 2nd will be given a dividend of 9.00 per share by the asset manager on Tuesday, December 10th. The ex-dividend date is Friday, November 29th. This is a positive change from Diamond Hill Investment Group’s previous dividend of $8.00.

Shares of Diamond Hill Investment Group stock traded down $1.45 during trading on Wednesday, hitting $144.51. The stock had a trading volume of 4,837 shares, compared to its average volume of 19,495. The stock has a 50 day simple moving average of $140.47 and a 200 day simple moving average of $138.59. The company has a market capitalization of $491.72 million, a PE ratio of 12.79 and a beta of 0.55. Diamond Hill Investment Group has a 1 year low of $124.57 and a 1 year high of $176.90.

Several research analysts have recently weighed in on DHIL shares. BidaskClub downgraded shares of Diamond Hill Investment Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st. ValuEngine raised shares of Diamond Hill Investment Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

In related news, Director James F. Laird, Jr. acquired 2,500 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average cost of $144.40 per share, with a total value of $361,000.00. Following the completion of the transaction, the director now owns 27,500 shares of the company’s stock, valued at approximately $3,971,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Heather E. Brilliant acquired 500 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average cost of $142.25 per share, for a total transaction of $71,125.00. Following the completion of the transaction, the chief executive officer now directly owns 22,219 shares of the company’s stock, valued at approximately $3,160,652.75. The disclosure for this purchase can be found here. Company insiders own 6.30% of the company’s stock.

About Diamond Hill Investment Group

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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Dividend History for Diamond Hill Investment Group (NASDAQ:DHIL)

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