Diamond Hill Investment Group, Inc. (DHIL) has reported 37.68 percent jump in profit for the quarter ended Mar. 31, 2017. The company has earned $12.76 million, or $3.71 a share in the quarter, compared with $9.27 million, or $2.73 a share for the same period last year.
Revenue during the quarter grew 15.35 percent to $35.13 million from $30.46 million in the previous year period. Total expenses were 54.93 percent of quarterly revenues, down from 55 percent for the same period last year. This has led to an improvement of 8 basis points in operating margin to 45.07 percent.
Operating income for the quarter was $15.84 million, compared with $13.70 million in the previous year period.
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