DHI Group (DHX) Shares Down 0%

DHI Group Inc (NYSE:DHX) shares fell 0% during trading on Thursday . The stock traded as low as $2.75 and last traded at $2.75. 2,160 shares traded hands during trading, a decline of 100% from the average session volume of 680,534 shares. The stock had previously closed at $2.75.

Several research firms have commented on DHX. ValuEngine downgraded shares of DHI Group from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research downgraded shares of DHI Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 10th. Finally, B. Riley decreased their target price on shares of DHI Group from $2.75 to $2.00 and set a “neutral” rating on the stock in a research report on Thursday, February 8th.

The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market cap of $152.53 million, a PE ratio of 18.17 and a beta of 1.01.

DHI Group (NYSE:DHX) last announced its earnings results on Tuesday, May 8th. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.03). The business had revenue of $43.07 million for the quarter, compared to analysts’ expectations of $42.89 million. DHI Group had a net margin of 9.12% and a return on equity of 5.87%. During the same quarter in the prior year, the company posted $0.04 earnings per share. analysts forecast that DHI Group Inc will post 0.17 EPS for the current year.

DHI Group announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 8th that allows the company to buyback $7.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 10.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Systematic Financial Management LP raised its position in shares of DHI Group by 18.7% during the 4th quarter. Systematic Financial Management LP now owns 611,957 shares of the technology company’s stock valued at $1,163,000 after buying an additional 96,270 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of DHI Group by 6,868.5% during the 4th quarter. Guggenheim Capital LLC now owns 1,742,471 shares of the technology company’s stock valued at $3,311,000 after buying an additional 1,717,466 shares in the last quarter. BlackRock Inc. raised its position in shares of DHI Group by 2.4% during the 4th quarter. BlackRock Inc. now owns 6,303,034 shares of the technology company’s stock valued at $11,976,000 after buying an additional 144,743 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of DHI Group by 1,867.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 216,430 shares of the technology company’s stock valued at $411,000 after buying an additional 205,430 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of DHI Group by 8.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,757,500 shares of the technology company’s stock valued at $3,339,000 after buying an additional 130,900 shares in the last quarter. Hedge funds and other institutional investors own 84.08% of the company’s stock.

About DHI Group

DHI Group, Inc provides data, insights, and connections services to professional communities in the United States and internationally. The company operates Dice that offers job postings of technology and non-technology companies for industries, such as positions for software engineers, big data professionals, systems administrators, database specialists, project managers, and other technology and engineering professionals; and ClearanceJobs, an Internet-based career network, which matches security-cleared professionals with hiring companies searching for employees.

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