On May 15, 2024, Director LAIRD JAMES F JR sold 2,500 shares of Diamond Hill Investment Group Inc (DHIL, Financial) as reported in a recent SEC Filing. The shares were sold at a price of $158.4 per share, totaling $396,000.
Diamond Hill Investment Group Inc is an investment management firm committed to providing clients with long-term value through its various financial products and services. The company focuses on a disciplined investment approach with an emphasis on intrinsic value.
Over the past year, the insider has sold a total of 5,500 shares and has not made any purchases. This recent transaction follows a pattern observed in the company's insider activity, where there have been more sales than purchases among insiders. Specifically, there have been 4 insider sales and only 1 insider buy over the last year.
On the valuation front, Diamond Hill Investment Group Inc's shares are currently trading at a price-earnings ratio of 10.61, which is below the industry median of 13.33. This ratio is also lower than the company's historical median. The company's market cap stands at $432.571 million.
According to the GF Value, the intrinsic value of DHIL is estimated at $169.25 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 0.94. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates.
This sale by the insider might be of interest to current and potential investors, as it provides insight into the insider's perspective on the stock's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
