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

DHI Group (NYSE:DHX)‘s stock had its “outperform” rating reaffirmed by research analysts at Barrington Research in a report issued on Friday,Benzinga reports. They currently have a $10.00 target price on the technology company’s stock. Barrington Research’s price objective points to a potential upside of 306.01% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Zacks Research raised DHI Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Weiss Ratings restated a “sell (d)” rating on shares of DHI Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, DHI Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.25.

DHI Group Trading Down 1.1%

Shares of DHI Group stock opened at $2.46 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a 50-day simple moving average of $2.21 and a two-hundred day simple moving average of $2.13. The company has a market cap of $110.76 million, a P/E ratio of -8.21 and a beta of 1.37. DHI Group has a fifty-two week low of $1.21 and a fifty-two week high of $3.34.

DHI Group announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 4th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 12.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On DHI Group

Several hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. purchased a new stake in shares of DHI Group in the 2nd quarter valued at about $33,000. Invesco Ltd. purchased a new position in DHI Group during the 2nd quarter worth approximately $45,000. Jacobs Levy Equity Management Inc. purchased a new position in DHI Group during the 3rd quarter worth approximately $49,000. Cubist Systematic Strategies LLC increased its position in DHI Group by 258.8% during the first quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company’s stock worth $29,000 after buying an additional 15,089 shares during the period. Finally, JPMorgan Chase & Co. increased its position in DHI Group by 1,940.5% during the third quarter. JPMorgan Chase & Co. now owns 21,078 shares of the technology company’s stock worth $59,000 after buying an additional 20,045 shares during the period. Hedge funds and other institutional investors own 69.26% of the company’s stock.

DHI Group Company Profile

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.