StockNews.com Downgrades DHI Group (NYSE:DHX) to Hold

DHI Group (NYSE:DHX) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Separately, Barrington Research restated an “outperform” rating and issued a $7.00 target price on shares of DHI Group in a report on Friday, March 21st.

DHI Group Stock Up 6.6%

Shares of NYSE:DHX opened at $1.97 on Friday. The business’s 50 day simple moving average is $1.55 and its two-hundred day simple moving average is $1.94. The firm has a market cap of $96.19 million, a P/E ratio of 197.50 and a beta of 1.23. 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 52-week low of $1.21 and a 52-week high of $3.32.

DHI Group (NYSE:DHX) last announced its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.03. The business had revenue of $32.30 million for the quarter, compared to analyst estimates of $32.23 million. DHI Group had a return on equity of 9.21% and a net margin of 0.18%. As a group, research analysts forecast that DHI Group will post 0.11 EPS for the current fiscal year.

DHI Group declared that its board has authorized a share buyback 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 reacquire up to 4.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DHX. Northern Trust Corp increased 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 valued at $138,000 after acquiring an additional 5,090 shares during the last quarter. Gagnon Securities LLC increased its position in shares of DHI Group by 15.0% during the first quarter. Gagnon Securities LLC now owns 57,244 shares of the technology company’s stock valued at $80,000 after acquiring an additional 7,460 shares during the last quarter. Picton Mahoney Asset Management increased its position in shares of DHI Group by 92.1% during the fourth quarter. Picton Mahoney Asset Management now owns 17,618 shares of the technology company’s stock valued at $31,000 after acquiring an additional 8,449 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of DHI Group during the fourth quarter valued at approximately $25,000. Finally, Cubist Systematic Strategies LLC increased its position in shares of DHI Group by 258.8% during the first quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company’s stock valued at $29,000 after acquiring an additional 15,089 shares during the last quarter. 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.