Barrington Research Reiterates “Outperform” Rating for DHI Group (NYSE:DHX)

DHI Group (NYSE:DHX)‘s stock had its “outperform” rating restated by analysts at Barrington Research in a research report issued on Friday,Benzinga reports. They currently have a $7.00 price objective on the technology company’s stock. Barrington Research’s target price points to a potential upside of 322.96% from the company’s current price.

DHI Group Stock Performance

DHI Group stock opened at $1.66 on Friday. The stock has a market cap of $80.97 million, a PE ratio of 165.67 and a beta of 1.08. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.28. The business’s 50-day moving average price is $2.43 and its two-hundred day moving average price is $2.00. DHI Group has a 12-month low of $1.45 and a 12-month high of $3.32.

DHI Group (NYSE:DHX) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.04. DHI Group had a return on equity of 9.21% and a net margin of 0.18%. As a group, analysts expect that DHI Group will post 0.11 earnings per share for the current fiscal year.

DHI Group announced that its Board of Directors has approved a stock repurchase plan on Tuesday, January 21st that allows the company to buyback $5.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 4.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Kathleen M. Swann sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $2.96, for a total transaction of $29,600.00. Following the transaction, the director now directly owns 118,113 shares of the company’s stock, valued at $349,614.48. This trade represents a 7.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 15,200 shares of company stock valued at $39,830 over the last ninety days. 15.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DHI Group

A number of hedge funds have recently made changes to their positions in the business. XTX Topco Ltd bought a new stake in shares of DHI Group in the fourth quarter valued at $25,000. Picton Mahoney Asset Management boosted its holdings in DHI Group by 92.1% in the 4th quarter. Picton Mahoney Asset Management now owns 17,618 shares of the technology company’s stock worth $31,000 after buying an additional 8,449 shares during the period. NewEdge Advisors LLC purchased a new position in DHI Group in the 4th quarter valued at approximately $32,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in DHI Group by 86.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,659 shares of the technology company’s stock valued at $113,000 after acquiring an additional 28,552 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of DHI Group by 7.0% in the fourth quarter. Northern Trust Corp now owns 77,687 shares of the technology company’s stock worth $138,000 after acquiring an additional 5,090 shares during the period. 69.26% of the stock is currently owned by institutional investors.

DHI Group Company Profile

DHI Group, Inc provides data, insights, and employment connections through specialized services for technology professionals and other select online communities in the United States. Its solutions include talent profiles; job postings; employer branding; and other services comprising virtual and live career events, sourcing services, and content and data services that provides tailored content to help professionals manage their careers and provide employers insight into recruiting strategies and trends.