DHI Group’s (DHX) Outperform Rating Reiterated at Barrington Research

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

DHI Group Stock Down 8.0 %

Shares of DHI Group stock opened at $1.49 on Friday. DHI Group has a 52-week low of $1.45 and a 52-week high of $3.32. The company has a 50 day moving average of $2.42 and a 200 day moving average of $2.00. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $72.89 million, a P/E ratio of 149.15 and a beta of 1.08.

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

DHI Group announced that its Board of Directors has authorized a stock repurchase program on Tuesday, January 21st that authorizes the company to buyback $5.00 million in shares. This buyback authorization authorizes the technology company to buy up to 4.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Transactions at DHI Group

In other news, Director Kathleen M. Swann sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $2.96, for a total transaction 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. The trade was a 7.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders sold 15,200 shares of company stock worth $39,830. 15.80% of the stock is currently owned by insiders.

Institutional Trading of DHI Group

Several institutional investors and hedge funds have recently bought and sold shares of DHX. XTX Topco Ltd purchased a new stake in DHI Group in the 4th quarter valued at $25,000. Picton Mahoney Asset Management raised its position in DHI Group by 92.1% in the 4th quarter. Picton Mahoney Asset Management now owns 17,618 shares of the technology company’s stock valued at $31,000 after purchasing an additional 8,449 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in DHI Group in the 4th quarter valued at $32,000. Connor Clark & Lunn Investment Management Ltd. raised its position 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 valued at $113,000 after purchasing an additional 28,552 shares during the last quarter. Finally, Northern Trust Corp raised its position in 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 purchasing an additional 5,090 shares during the last quarter. Hedge funds and other institutional investors own 69.26% of the company’s stock.

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.