Heather E. Brilliant, CEO of Diamond Hill Investment Group Inc. (NASDAQ:DHIL), recently increased his stake in the company through a series of stock purchases. The transaction, which took place on June 27 and 28, 2024, saw Brilliant acquire a total of 550 shares at prices ranging from $139.38 to $140.00 per share, for a total investment of more than $76,845.
On the first day of trading, Brilliant bought 250 shares at $139.38 each. He followed up the next day by acquiring an additional 300 shares, this time at a slightly higher price of $140.00 per share. This purchase increased his direct ownership in the company to 46,889 shares.
In addition to this direct holding, the SEC filing also revealed that Brilliant has an indirect ownership of 473 shares through a 401k plan. However, this holding was not part of the recent purchase activities and therefore, was not included in the calculation of the total value.
Investors often pay close attention to insider sales like this, as they can provide insight into management’s confidence in the company’s future prospects. Heather E. Brilliant’s role as CEO puts her in a unique position to assess the company’s strengths, making her latest acquisition noteworthy to current and potential shareholders.
Diamond Hill Investment Group, based in Columbus, Ohio, specializes in providing investment advice and is known for its commitment to long-term value investing. As the company continues to navigate the stock markets, these insider purchases are always an interesting story for those who follow the company’s performance.
InvestingPro Insights
During a recent insider stock purchase by Heather E. Brilliant, CEO of Diamond Hill Investment Group Inc. (NASDAQ:DHIL), the company’s financial health and market performance bring more context to this transaction. According to InvestingPro data, Diamond Hill’s market capitalization reaches $389.34 million, with a P/E ratio of 9.56, which reflects investors’ sentiments about the company’s earning potential. Notably, the adjusted P/E ratio for the trailing twelve months from Q1 2024 is slightly below 9.15, indicating a slight improvement in earnings relative to share price.
One of InvestingPro’s key tips highlights that the company has been aggressively buying back shares, which can be a sign of management’s belief in the company’s undervalued stock and commitment to improving shareholder value. Additionally, Diamond Hill has maintained dividend payments for 17 consecutive years, boasting a dividend yield of 4.26% through mid-2024, which could be attractive to income-oriented investors.
In addition, the stock is currently trading near its 52-week low, which, combined with the Relative Strength Index (RSI) suggesting the stock is in oversold territory, could point to a potential buying opportunity for long-term investors in the company. importance of investment philosophy. For those interested in a deeper dive into the financials and positioning of Diamond Hill, InvestingPro offers additional insights and metrics. Readers can check this by visiting and can use the coupon code PRONEWS24 for up to 10% off annual Pro and annual or bi-annual Pro+ subscriptions. In total, there are 7 other InvestingPro Tips available for DHIL, each offering a different angle on the company’s financial health and market outlook.
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