DHI Group (NYSE:DHX) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

DHI Group, Inc. (NYSE:DHX) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.13 and traded as high as $2.88. DHI Group shares last traded at $2.41, with a volume of 864,675 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DHX. Barrington Research reissued an “outperform” rating and issued a $10.00 target price on shares of DHI Group in a report on Thursday, February 5th. Weiss Ratings reissued a “sell (d)” rating on shares of DHI Group in a research note on Wednesday, January 21st. Zacks Research upgraded shares of DHI Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. Finally, Lake Street Capital reaffirmed a “hold” rating and issued a $2.50 price target (down previously from $3.00) on shares of DHI Group in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.25.

DHI Group Price Performance

The company has a market capitalization of $108.38 million, a price-to-earnings ratio of -8.03 and a beta of 1.48. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.32. The company’s 50 day simple moving average is $1.88 and its 200-day simple moving average is $2.13.

DHI Group declared that its Board of Directors has authorized a share repurchase program on Thursday, November 6th that allows the company to buyback $5.00 million in outstanding shares. This buyback authorization allows the technology company to buy up to 5.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On DHI Group

Several institutional investors have recently added to or reduced their stakes in DHX. Pacific Ridge Capital Partners LLC boosted its stake in DHI Group by 10.6% in 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 buying an additional 329,214 shares during the last quarter. 22NW LP lifted its holdings in shares of DHI Group by 26.7% during the 2nd quarter. 22NW LP now owns 3,299,937 shares of the technology company’s stock worth $9,801,000 after acquiring an additional 696,294 shares during the period. Tieton Capital Management LLC boosted its position in shares of DHI Group by 1.0% in the fourth 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 last quarter. Renaissance Technologies LLC grew its holdings in DHI Group by 13.6% in the fourth 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 during the period. Finally, Vanguard Group Inc. grew its holdings in DHI Group by 3.5% in the third 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 during the period. 69.26% of the stock is currently owned by institutional investors and hedge funds.

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.