DHI Group (NYSE:DHX) Earns Outperform Rating from Barrington Research

DHI Group (NYSE:DHX)‘s stock had its “outperform” rating reissued by research analysts at Barrington Research in a note issued to investors on Friday,Benzinga reports. They currently have a $7.00 price objective on the technology company’s stock. Barrington Research’s price objective points to a potential upside of 322.96% from the stock’s current price.

DHI Group Price Performance

Shares of DHX opened at $1.66 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.47 and a current ratio of 0.47. DHI Group has a twelve month low of $1.45 and a twelve month high of $3.32. The firm’s 50 day moving average price is $2.43 and its 200 day moving average price is $2.00. The firm has a market cap of $80.97 million, a PE ratio of 165.67 and a beta of 1.08.

DHI Group (NYSE:DHX) last posted its earnings results on Wednesday, February 5th. The technology company reported $0.07 earnings per share for the quarter, beating 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%. As a group, research analysts expect that DHI Group will post 0.11 EPS for the current fiscal year.

DHI Group announced that its board has authorized a stock repurchase plan on Tuesday, January 21st that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 4.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Kathleen M. Swann sold 10,000 shares of DHI Group 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 of the company’s stock, valued at approximately $349,614.48. This trade represents a 7.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 15,200 shares of company stock worth $39,830 in the last 90 days. 15.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DHX. Northern Trust Corp raised its position in shares of DHI Group by 7.0% during the fourth quarter. Northern Trust Corp now owns 77,687 shares of the technology company’s stock worth $138,000 after purchasing an additional 5,090 shares during the period. Picton Mahoney Asset Management increased its stake 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 buying an additional 8,449 shares during the last quarter. Geode Capital Management LLC increased its position in shares of DHI Group by 2.3% during the 3rd 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. XTX Topco Ltd bought a new stake in DHI Group during the fourth quarter worth $25,000. Finally, NewEdge Advisors LLC bought a new stake in shares of DHI Group in the 4th quarter valued at about $32,000. 69.26% of the stock is currently 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.