DHI Group’s (DHX) Outperform Rating Reaffirmed at Barrington Research

DHI Group (NYSE:DHX)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Barrington Research in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $10.00 target price on the technology company’s stock. Barrington Research’s price target would indicate a potential upside of 156.08% from the stock’s previous close.

DHX has been the subject of a number of other research reports. B. Riley Financial started coverage on DHI Group in a report on Thursday. They issued a “buy” rating and a $4.50 price objective for the company. Zacks Research lowered DHI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Lake Street Capital reissued a “hold” rating and issued a $3.00 target price on shares of DHI Group in a research note on Wednesday, May 6th. Wall Street Zen raised shares of DHI Group from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of DHI Group in a research note on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.83.

DHI Group Price Performance

NYSE DHX traded up $0.30 during trading hours on Monday, reaching $3.91. 191,925 shares of the stock traded hands, compared to its average volume of 484,610. The stock has a 50 day simple moving average of $2.84 and a two-hundred day simple moving average of $2.23. DHI Group has a 1 year low of $1.44 and a 1 year high of $3.99. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market cap of $168.70 million, a price-to-earnings ratio of -78.08 and a beta of 1.11.

DHI Group (NYSE:DHX) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.04 by $0.04. DHI Group had a negative net margin of 1.78% and a positive return on equity of 11.60%. The firm had revenue of $29.69 million during the quarter, compared to analysts’ expectations of $29.05 million. On average, analysts predict that DHI Group will post 0.24 EPS for the current fiscal year.

DHI Group announced that its board has initiated a stock buyback plan on Wednesday, February 4th that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the technology company to buy up to 12.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In related news, Director Kathleen M. Swann sold 20,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $3.83, for a total value of $76,600.00. Following the completion of the transaction, the director owned 193,154 shares of the company’s stock, valued at approximately $739,779.82. This represents a 9.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joseph G. Massaquoi, Jr. sold 26,611 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $3.09, for a total value of $82,227.99. Following the sale, the director directly owned 137,653 shares in the company, valued at approximately $425,347.77. This represents a 16.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DHI Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC grew 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 worth $5,329,000 after buying an additional 329,214 shares in the last quarter. Tieton Capital Management LLC increased its stake in DHI Group by 1.0% during 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 raised its position in DHI Group by 13.6% during 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. Vanguard Group Inc. lifted its stake 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 during 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 worth $2,835,000 after purchasing an additional 988,188 shares during the period. 69.26% of the stock is owned by institutional investors.

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.