Barrington Research Reaffirms “Outperform” Rating for DHI Group (NYSE:DHX)

Barrington Research restated their outperform rating on shares of DHI Group (NYSE:DHX) in a report released on Friday morning,Benzinga reports. The firm currently has a $7.00 target price on the technology company’s stock.

DHI Group Stock Down 8.0 %

DHX opened at $1.49 on Friday. The firm has a market cap of $72.89 million, a price-to-earnings ratio of 149.15 and a beta of 1.08. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.47. The firm’s 50-day simple moving average is $2.42 and its 200-day simple moving average is $1.99. DHI Group has a twelve month low of $1.45 and a twelve month high of $3.32.

DHI Group (NYSE:DHX) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. DHI Group had a net margin of 0.18% and a return on equity of 9.21%. Equities research analysts anticipate that DHI Group will post 0.11 EPS for the current fiscal year.

DHI Group declared that its Board of Directors has initiated a stock buyback plan on Tuesday, January 21st that allows the company to repurchase $5.00 million in shares. This repurchase authorization allows the technology company to buy up to 4.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other DHI Group news, Director Kathleen M. Swann sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were 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 owns 118,113 shares in the company, valued at approximately $349,614.48. This trade represents a 7.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 15,200 shares of company stock valued at $39,830. 15.80% of the stock is currently owned by corporate insiders.

Institutional Trading of DHI Group

Hedge funds have recently modified their holdings of the stock. AWM Investment Company Inc. raised its position in DHI Group by 17.2% in the 4th quarter. AWM Investment Company Inc. now owns 681,000 shares of the technology company’s stock worth $1,205,000 after purchasing an additional 100,000 shares during the last quarter. Northern Trust Corp increased its stake in shares of DHI Group by 7.0% in the 4th quarter. Northern Trust Corp now owns 77,687 shares of the technology company’s stock valued at $138,000 after buying an additional 5,090 shares during the period. NewEdge Advisors LLC bought a new stake in shares of DHI Group during the fourth quarter worth $32,000. XTX Topco Ltd acquired a new position in shares of DHI Group during the fourth quarter valued at $25,000. Finally, Pacific Ridge Capital Partners LLC boosted its holdings in DHI Group by 9.5% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 3,237,947 shares of the technology company’s stock valued at $5,731,000 after acquiring an additional 280,699 shares during the last quarter. 69.26% of the stock is owned by institutional investors.

DHI Group Company Profile

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.