22NW LP Trims Holdings in DHI Group, Inc. $DHX

22NW LP lessened its stake in DHI Group, Inc. (NYSE:DHX) by 38.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,036,988 shares of the technology company’s stock after selling 1,262,949 shares during the quarter. DHI Group makes up about 2.9% of 22NW LP’s investment portfolio, making the stock its 9th largest position. 22NW LP owned about 4.32% of DHI Group worth $5,663,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kennedy Capital Management LLC bought a new stake in shares of DHI Group in the third quarter worth about $2,337,000. Geode Capital Management LLC boosted its stake in DHI Group by 1.2% during the second quarter. Geode Capital Management LLC now owns 361,314 shares of the technology company’s stock valued at $1,073,000 after buying an additional 4,188 shares during the last quarter. Evergreen Capital Management LLC purchased a new position in DHI Group during the 2nd quarter valued at approximately $603,000. Bridgeway Capital Management LLC grew its holdings in DHI Group by 11.5% during the 3rd quarter. Bridgeway Capital Management LLC now owns 178,000 shares of the technology company’s stock valued at $495,000 after buying an additional 18,377 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in DHI Group by 37.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 316,808 shares of the technology company’s stock worth $440,000 after acquiring an additional 86,631 shares during the last quarter. Institutional investors own 69.26% of the company’s stock.

DHI Group Trading Down 6.9%

DHX stock opened at $2.24 on Friday. DHI Group, Inc. has a twelve month low of $1.21 and a twelve month high of $3.34. The stock has a market capitalization of $100.51 million, a price-to-earnings ratio of -7.45 and a beta of 1.37. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.32. The firm’s fifty day simple moving average is $2.13 and its two-hundred day simple moving average is $2.14.

DHI Group announced that its board has authorized a share buyback program on Wednesday, February 4th that permits the company to repurchase $10.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 12.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Barrington Research reaffirmed an “outperform” rating and set a $10.00 price objective on shares of DHI Group in a report on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of DHI Group in a report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of DHI Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.25.

About DHI Group

DHI Group, Inc (NYSE: DHX) is a specialized professional recruitment and career development company that operates digital platforms connecting technology and security-cleared professionals with employers worldwide. Founded in 1990 as a niche job board for technology talent, the company completed its initial public offering in 2007 and trades on the New York Stock Exchange under the ticker symbol DHX.

The company’s primary offerings include Dice.com, a careers platform designed for technology professionals, and ClearanceJobs, a specialized service catering to candidates holding U.S.