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

DHI Group (NYSE:DHX)‘s stock had its “outperform” rating restated by research analysts at Barrington Research in a report issued on Wednesday,Benzinga reports. They currently have a $7.00 target price on the technology company’s stock. Barrington Research’s target price would indicate a potential upside of 137.69% from the company’s previous close.

Separately, B. Riley decreased their price objective on DHI Group from $4.00 to $3.50 and set a “buy” rating on the stock in a report on Wednesday, November 13th.

DHI Group Stock Performance

Shares of DHX opened at $2.95 on Wednesday. DHI Group has a 1 year low of $1.45 and a 1 year high of $2.99. The company’s 50 day simple moving average is $2.02 and its 200 day simple moving average is $1.88. The company has a market capitalization of $142.33 million, a price-to-earnings ratio of 73.64 and a beta of 1.07. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.42 and a current ratio of 0.42.

DHI Group announced that its board has initiated a share repurchase plan on Tuesday, January 21st that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 4.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On DHI Group

A number of hedge funds have recently made changes to their positions in the stock. Royce & Associates LP raised its position in shares of DHI Group by 5.5% in the 3rd quarter. Royce & Associates LP now owns 3,359,148 shares of the technology company’s stock worth $6,181,000 after buying an additional 174,010 shares during the period. Geode Capital Management LLC increased its stake in DHI Group by 2.3% during the third quarter. Geode Capital Management LLC now owns 379,424 shares of the technology company’s stock worth $698,000 after acquiring an additional 8,547 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of DHI Group by 35.6% in the 3rd quarter. GSA Capital Partners LLP now owns 225,353 shares of the technology company’s stock worth $415,000 after purchasing an additional 59,155 shares during the period. CWC Advisors LLC. acquired a new position in shares of DHI Group in the 3rd quarter valued at about $327,000. Finally, Hsbc Holdings PLC grew its holdings in shares of DHI Group by 59.9% during the 2nd quarter. Hsbc Holdings PLC now owns 79,414 shares of the technology company’s stock worth $160,000 after purchasing an additional 29,757 shares during the period. Institutional investors and hedge funds own 69.26% of the company’s stock.

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.