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Investors who take an interest in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) should definitely note that the Independent Director, Richard Cooley, recently paid US$142 per share to buy US$213k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 40%.
View our latest analysis for Diamond Hill Investment Group
The Last 12 Months Of Insider Transactions At Diamond Hill Investment Group
The Chairman of the Board & Lead Independent Director James Laird made the biggest insider purchase in the last 12 months. That single transaction was for US$307k worth of shares at a price of US$123 each. That means that an insider was happy to buy shares at around the current price of US$142. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.
Happily, we note that in the last year insiders paid US$791k for 6.80k shares. But insiders sold 1.00k shares worth US$121k. In the last twelve months there was more buying than selling by Diamond Hill Investment Group insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Diamond Hill Investment Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Diamond Hill Investment Group insiders own about US$22m worth of shares. That equates to 5.2% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Diamond Hill Investment Group Tell Us?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Insiders likely see value in Diamond Hill Investment Group shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Diamond Hill Investment Group. You'd be interested to know, that we found 1 warning sign for Diamond Hill Investment Group and we suggest you have a look.