Key Points
- Director Kathleen Swann sold 20,000 shares of DHI Group stock on May 11 at an average price of $3.83, totaling $76,600. After the transaction, she still owned 193,154 shares, a 9.38% reduction in her stake.
- DHI Group recently reported better-than-expected quarterly results, posting earnings of $0.08 per share versus the $0.04 consensus and revenue of $29.69 million, slightly above estimates. Analysts currently expect the company to earn $0.18 per share for the full year.
- The company has an approved $10 million share repurchase program, which could allow it to buy back up to 12.6% of outstanding shares. MarketBeat data also shows a mixed analyst picture, with an average rating of “Hold” and a consensus price target of $6.50.
DHI Group, Inc. (NYSE:DHX - Get Free Report) Director Kathleen Swann sold 20,000 shares of the business's stock in a transaction on Monday, May 11th. The shares were sold at an average price of $3.83, for a total transaction of $76,600.00. Following the sale, the director directly owned 193,154 shares in the company, valued at $739,779.82. This trade represents a 9.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
DHI Group Price Performance
Shares of NYSE DHX opened at $3.65 on Wednesday. DHI Group, Inc. has a 52 week low of $1.44 and a 52 week high of $3.99. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.36. The firm has a market cap of $157.50 million, a P/E ratio of -72.91 and a beta of 1.11. The business's 50 day moving average price is $2.77 and its 200 day moving average price is $2.20.
DHI Group (NYSE:DHX - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.04. DHI Group had a positive return on equity of 11.60% and a negative net margin of 1.78%.The business had revenue of $29.69 million during the quarter, compared to analyst estimates of $29.05 million. On average, sell-side analysts expect that DHI Group, Inc. will post 0.18 earnings per share for the current year.
DHI Group announced that its Board of Directors has approved a share repurchase program on Wednesday, February 4th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 12.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.
Analyst Ratings Changes
Several brokerages have commented on DHX. Barrington Research reissued an "outperform" rating and issued a $10.00 price objective on shares of DHI Group in a report on Monday, May 4th. Weiss Ratings reiterated a "sell (d)" rating on shares of DHI Group in a research report on Monday, April 20th. Zacks Research cut DHI Group from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. Lake Street Capital reaffirmed a "hold" rating and issued a $3.00 price target on shares of DHI Group in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised shares of DHI Group from a "hold" rating to a "strong-buy" rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, DHI Group has an average rating of "Hold" and a consensus price target of $6.50.
Check Out Our Latest Stock Analysis on DHX
Institutional Trading of DHI Group
Several institutional investors have recently added to or reduced their stakes in the stock. Kennedy Capital Management LLC boosted its stake in shares of DHI Group by 117.5% in the fourth 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 during the period. Marshall Wace LLP boosted its position in 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 buying an additional 484,019 shares during the period. Pacific Ridge Capital Partners LLC increased its position in shares of DHI Group by 10.6% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 3,438,349 shares of the technology company's stock worth $5,329,000 after acquiring an additional 329,214 shares during the period. Rothschild Wealth LLC acquired a new stake in shares of DHI Group in the fourth quarter valued at $509,000. Finally, North Star Investment Management Corp. purchased a new position in DHI Group in the first quarter valued at $801,000. Institutional investors and hedge funds own 69.26% of the company's stock.
About DHI Group
(
Get Free Report)
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.
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