Diamond Hill Investment Group director acquires shares worth $14,250

Published 01/04/2025, 16:24
Diamond Hill Investment Group director acquires shares worth $14,250

Richard Scott Cooley, a director at Diamond Hill Investment Group (NASDAQ:DHIL), recently purchased 100 shares of the company’s common stock. The transaction, valued at $14,250, took place on March 31, 2025, at a price of $142.50 per share. The purchase comes as InvestingPro analysis suggests the stock is currently undervalued, trading at an attractive P/E ratio of 9.12. Following this acquisition, Cooley’s total holdings in the company amount to 10,809 shares. This purchase adds to Cooley’s direct ownership of Diamond Hill Investment Group, which is headquartered in Columbus (WA:CLC), Ohio. The company, with a market capitalization of $398 million, has maintained dividend payments for 18 consecutive years and currently offers a 4.2% dividend yield. InvestingPro subscribers can access additional insights, including 6 more ProTips and comprehensive financial metrics that point to the company’s strong financial health.

In other recent news, Diamond Hill Investment Group Inc. reported its asset management figures for February, revealing a total of $30.939 billion in assets under management. This marks an increase from January’s figure of $30.837 billion, as disclosed in their 8-K filings with the Securities and Exchange Commission. The Diamond Hill Funds held the largest portion of these assets in both months, with February figures reaching $19.182 billion. The company’s Large Cap strategy continues to dominate its investment portfolio, managing $17.861 billion in February. Additionally, Diamond Hill’s diversified approach includes strategies such as Small Cap, Mid Cap, and Core Fixed Income, among others. The filings highlight Diamond Hill’s continued growth trajectory in the investment advisory market. While the filings did not provide comparative figures from previous periods, they underscore the company’s ability to attract and manage significant assets. Diamond Hill’s Chief Financial Officer, Thomas E. Line, affirmed the company’s commitment to transparency by signing off on the January filing.

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