DHI Group (NYSE:DHX) Posts Earnings Results, Beats Expectations By $0.01 EPS

DHI Group (NYSE:DHX) posted its earnings results on Wednesday. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01, FiscalAI reports. DHI Group had a positive return on equity of 10.14% and a negative net margin of 10.24%.The company had revenue of $31.38 million during the quarter, compared to analysts’ expectations of $29.98 million.

DHI Group Stock Performance

NYSE:DHX traded up $0.02 during trading hours on Wednesday, reaching $1.71. 143,146 shares of the company’s stock were exchanged, compared to its average volume of 178,389. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $80.41 million, a price-to-earnings ratio of -5.50 and a beta of 1.48. DHI Group has a 1-year low of $1.21 and a 1-year high of $3.34. The company has a 50-day moving average of $1.68 and a 200 day moving average of $2.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DHX. Prudential Financial Inc. acquired a new position in DHI Group during the 2nd quarter worth approximately $33,000. Invesco Ltd. acquired a new stake in shares of DHI Group in the second quarter valued at approximately $45,000. Jacobs Levy Equity Management Inc. acquired a new stake in DHI Group during the 3rd quarter valued at $49,000. Cubist Systematic Strategies LLC boosted its stake in shares of DHI Group by 258.8% during the first quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company’s stock valued at $29,000 after acquiring an additional 15,089 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of 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 in the last quarter. 69.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on DHX shares. Weiss Ratings reiterated a “sell (d)” rating on shares of DHI Group in a report on Wednesday, January 21st. Lake Street Capital reissued a “hold” rating and set a $2.50 price objective (down from $3.00) on shares of DHI Group in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $4.75.

DHI Group announced that its board has approved a stock repurchase plan on Thursday, November 6th that allows the company to repurchase $5.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 5.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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.