Diamond Hill Investment Group, Inc. (DHIL) has reported a 17.07 percent rise in profit for the quarter ended Dec. 31, 2016. The company has earned $13.64 million, or $3.99 a share in the quarter, compared with $11.66 million, or $3.43 a share for the same period last year. Revenue during the quarter grew 23.95 percent to $40.04 million from $32.30 million in the previous year period. Total expenses were 51.23 percent of quarterly revenues, up from 46.56 percent for the same period last year. That has resulted in a contraction of 467 basis points in operating margin to 48.77 percent.
Operating income for the quarter was $19.53 million, compared with $17.26 million in the previous year period.
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