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Richard Scott Cooley, a director at Diamond Hill Investment Group (NASDAQ:DHIL), recently acquired 272 shares of the company’s common stock. The transaction, which took place on February 28, involved a purchase at an average price of $144 per share, amounting to a total of $39,168. According to InvestingPro data, the company maintains a strong financial health score and has consistently paid dividends for 18 consecutive years. Following this acquisition, Cooley now directly owns 9,659 shares of the firm’s stock. This move reflects a continued investment in the company by one of its board members. InvestingPro analysis suggests the stock is currently undervalued, with management actively buying back shares. Discover more insights and 12+ additional ProTips with an InvestingPro subscription.
In other recent news, Diamond Hill Investment Group Inc. has released its asset management figures, reflecting its financial status and strategic allocations. As of January 31, 2025, Diamond Hill Capital Management, a subsidiary of the company, reported total assets under management (AUM) of $30.837 billion. The Diamond Hill Funds hold the largest portion of these assets, amounting to $18.785 billion. Other components include separately managed accounts with $6.160 billion, collective investment trusts with $1.901 billion, and other pooled vehicles with $3.991 billion. Large Cap strategies dominate the investment portfolio, accounting for $18.166 billion of the AUM.
In a previous report from November 30, 2024, Diamond Hill’s AUM was slightly higher at approximately $31.56 billion. At that time, the Diamond Hill Funds accounted for $18.92 billion, with separately managed accounts contributing $6.54 billion, and collective investment trusts adding $2.02 billion. The November report also highlighted a diverse range of investment strategies, including Large Cap, Small-Mid Cap, and various fixed income strategies. These recent developments provide a factual update for investors on Diamond Hill’s asset distribution and management strategies.
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