DHI Group (NYSE:DHX) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of DHI Group (NYSE:DHX) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

A number of other equities analysts have also weighed in on DHX. Weiss Ratings reiterated a “sell (d)” rating on shares of DHI Group in a research note on Wednesday, January 21st. Barrington Research reiterated an “outperform” rating and set a $10.00 target price on shares of DHI Group in a research note on Friday, March 20th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.25.

DHI Group Price Performance

NYSE:DHX opened at $2.98 on Monday. 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 stock’s 50 day moving average price is $2.51 and its two-hundred day moving average price is $2.12. The firm has a market capitalization of $133.83 million, a price-to-earnings ratio of -9.92 and a beta of 1.26. DHI Group has a 12-month low of $1.21 and a 12-month high of $3.34.

DHI Group declared that its board has approved a share buyback program on Wednesday, February 4th that authorizes the company to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 12.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On DHI Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Pacific Ridge Capital Partners LLC increased its stake in DHI Group by 10.6% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 3,438,349 shares of the technology company’s stock worth $5,329,000 after acquiring an additional 329,214 shares during the period. Tieton Capital Management LLC increased its stake in DHI Group by 1.0% during the 4th quarter. Tieton Capital Management LLC now owns 3,042,649 shares of the technology company’s stock worth $4,716,000 after acquiring an additional 31,100 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of DHI Group by 13.6% in the 4th quarter. Renaissance Technologies LLC now owns 2,187,229 shares of the technology company’s stock valued at $3,390,000 after purchasing an additional 262,300 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of DHI Group by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,961,064 shares of the technology company’s stock valued at $5,452,000 after purchasing an additional 65,462 shares in the last quarter. Finally, Kennedy Capital Management LLC boosted its holdings in shares of DHI Group by 117.5% in the 4th quarter. Kennedy Capital Management LLC now owns 1,828,888 shares of the technology company’s stock valued at $2,835,000 after purchasing an additional 988,188 shares in the last quarter. Institutional investors own 69.26% of the company’s stock.

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.