Zacks Research Downgrades DHI Group (NYSE:DHX) to Hold

DHI Group (NYSE:DHX) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other brokerages also recently weighed in on DHX. Weiss Ratings restated a “sell (d)” rating on shares of DHI Group in a research report on Wednesday, January 21st. Barrington Research restated an “outperform” rating and set a $10.00 price objective on shares of DHI Group in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $6.25.

DHI Group Stock Down 1.6%

Shares of NYSE:DHX opened at $3.10 on Monday. The company has a market capitalization of $139.41 million, a PE ratio of -10.33 and a beta of 1.26. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.32. DHI Group has a twelve month low of $1.21 and a twelve month high of $3.34. The firm has a 50 day simple moving average of $2.48 and a 200-day simple moving average of $2.12.

DHI Group declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 4th that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 12.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On DHI Group

A number of institutional investors have recently modified their holdings of DHX. Kennedy Capital Management LLC increased 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 acquiring an additional 988,188 shares during the period. Marshall Wace LLP increased its holdings 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 during the period. Pacific Ridge Capital Partners LLC increased its holdings 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 during the period. Rothschild Wealth LLC acquired a new position in shares of DHI Group in the 4th quarter valued at $509,000. Finally, Luminus Management LLC acquired a new position in shares of DHI Group in the 4th quarter valued at $408,000. 69.26% of the stock is owned by institutional investors and hedge funds.

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.