Diamond Hill Announces Private Placement

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) today announced the sale of 110,000 shares of the company’s common stock at a price of $4.50 per share to company directors, officers and employees in a private placement. James F. Laird, chief financial officer stated, “This transaction increases the employee, officer and director ownership stake in Diamond Hill to nearly 15%, and it will increase the company’s capital by $495,000 in a cost-effective manner.”

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