Diamond Hill Investment Group, Inc. (DHIL) to Issue Quarterly Dividend of $1.50 on December 6th

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 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Friday, November 22nd.

Diamond Hill Investment Group Stock Down 0.2 %

Shares of NASDAQ:DHIL opened at $169.16 on Wednesday. Diamond Hill Investment Group has a 12-month low of $135.44 and a 12-month high of $173.98. The company’s 50 day moving average price is $159.07 and its two-hundred day moving average price is $154.12. The firm has a market cap of $460.12 million, a PE ratio of 9.58 and a beta of 1.00.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 6th.

Insider Transactions at Diamond Hill Investment Group

In other news, Director L’quentus Thomas sold 250 shares of the company’s stock in a transaction on 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. This represents a 11.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paula R. Meyer sold 300 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $169.00, for a total transaction of $50,700.00. Following the sale, the director now directly owns 3,187 shares of the company’s stock, valued at $538,603. The trade was a 8.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,850 shares of company stock valued at $1,154,930 over the last three months. Corporate insiders own 4.80% 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.