First Eagle Investment Management LLC Cuts Stake in DHI Group, Inc. (NYSE:DHX)

First Eagle Investment Management LLC reduced its position in DHI Group, Inc. (NYSE:DHX) by 36.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 422,675 shares of the technology company’s stock after selling 242,253 shares during the period. First Eagle Investment Management LLC owned about 0.87% of DHI Group worth $748,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of DHI Group by 2.3% in the third quarter. Geode Capital Management LLC now owns 379,424 shares of the technology company’s stock worth $698,000 after purchasing an additional 8,547 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in DHI Group by 86.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,659 shares of the technology company’s stock worth $113,000 after buying an additional 28,552 shares in the last quarter. GSA Capital Partners LLP raised its position in DHI Group by 35.6% in the 3rd quarter. GSA Capital Partners LLP now owns 225,353 shares of the technology company’s stock worth $415,000 after buying an additional 59,155 shares during the last quarter. Finally, Royce & Associates LP raised its position in DHI Group by 5.5% in the 3rd quarter. Royce & Associates LP now owns 3,359,148 shares of the technology company’s stock worth $6,181,000 after buying an additional 174,010 shares during the last quarter. 69.26% of the stock is owned by institutional investors.

DHI Group Price Performance

NYSE DHX opened at $1.60 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.47 and a quick ratio of 0.47. DHI Group, Inc. has a 1-year low of $1.45 and a 1-year high of $3.32. The stock has a market capitalization of $78.28 million, a price-to-earnings ratio of 160.16 and a beta of 1.08. The business’s fifty day moving average price is $2.46 and its 200-day moving average price is $2.00.

DHI Group (NYSE:DHX) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. DHI Group had a return on equity of 9.21% and a net margin of 0.18%. On average, equities analysts predict that DHI Group, Inc. will post 0.11 earnings per share for the current year.

DHI Group announced that its Board of Directors has approved a share repurchase program on Tuesday, January 21st that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 4.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at DHI Group

In other news, Director Kathleen M. Swann sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $2.96, for a total value of $29,600.00. Following the completion of the sale, the director now directly owns 118,113 shares in the company, valued at $349,614.48. This represents a 7.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last ninety days, insiders sold 18,200 shares of company stock valued at $45,530. Insiders own 15.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an “outperform” rating and issued a $7.00 price target on shares of DHI Group in a research note on Thursday, February 6th.

About DHI Group

DHI Group, Inc provides data, insights, and employment connections through specialized services for technology professionals and other select online communities in the United States. Its solutions include talent profiles; job postings; employer branding; and other services comprising virtual and live career events, sourcing services, and content and data services that provides tailored content to help professionals manage their careers and provide employers insight into recruiting strategies and trends.