DHI Group (NYSE:DHX) Given Outperform Rating at Barrington Research

DHI Group (NYSE:DHX)‘s stock had its “outperform” rating restated by investment analysts at Barrington Research in a research note issued on Friday,Benzinga reports. They presently have a $10.00 price objective on the technology company’s stock. Barrington Research’s price target would indicate a potential upside of 296.83% from the company’s previous close.

Other research analysts have also issued reports about the company. Zacks Research upgraded 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 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, the company currently has an average rating of “Moderate Buy” and an average target price of $6.25.

DHI Group Price Performance

DHI Group stock traded up $0.03 on Friday, reaching $2.52. The company’s stock had a trading volume of 144,110 shares, compared to its average volume of 637,139. DHI Group has a twelve month low of $1.21 and a twelve month high of $3.34. The business’s fifty day moving average price is $2.20 and its 200 day moving average price is $2.14. 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 company has a market cap of $113.32 million, a price-to-earnings ratio of -8.40 and a beta of 1.37.

DHI Group announced that its board has initiated a stock repurchase 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 repurchase up to 12.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Institutional Trading of DHI Group

A number of institutional investors and hedge funds have recently made changes to their positions in DHX. Kennedy Capital Management LLC boosted its position in shares of DHI Group by 117.5% during 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. 22NW LP grew its position 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 buying an additional 696,294 shares during the period. Marshall Wace LLP increased its stake in shares of DHI Group by 477.6% in the 4th quarter. Marshall Wace LLP now owns 585,360 shares of the technology company’s stock valued at $907,000 after acquiring an additional 484,019 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its stake in shares of 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 valued at $5,329,000 after acquiring an additional 329,214 shares in the last quarter. Finally, Rothschild Wealth LLC acquired a new position in shares of DHI Group during the 4th quarter valued at $509,000. 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.