DHI Group (NYSE:DHX) Director Sells $82,227.99 in Stock

DHI Group, Inc. (NYSE:DHX) Director Joseph Massaquoi, Jr. sold 26,611 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $3.09, for a total transaction of $82,227.99. Following the transaction, the director directly owned 137,653 shares in the company, valued at approximately $425,347.77. This represents a 16.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DHI Group Trading Up 8.6%

NYSE:DHX traded up $0.30 during trading hours on Monday, reaching $3.81. 1,066,397 shares of the company were exchanged, compared to its average volume of 498,196. 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 firm has a market cap of $164.72 million, a price-to-earnings ratio of -76.24 and a beta of 1.11. DHI Group, Inc. has a 52-week low of $1.44 and a 52-week high of $3.99. The stock has a 50 day simple moving average of $2.70 and a 200 day simple moving average of $2.16.

DHI Group (NYSE:DHX) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The company had revenue of $29.69 million for the quarter, compared to the consensus estimate of $29.05 million. DHI Group had a negative net margin of 1.78% and a positive return on equity of 11.60%. As a group, analysts predict that DHI Group, Inc. will post 0.18 EPS for the current year.

DHI Group declared that its board has authorized a share buyback program on Wednesday, February 4th that authorizes the company to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 12.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

DHX has been the topic of several research analyst reports. Lake Street Capital reaffirmed a “hold” rating and issued a $3.00 price objective on shares of DHI Group in a research note on Wednesday, May 6th. Wall Street Zen raised DHI Group from a “hold” rating to a “strong-buy” rating in a research note on Saturday. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of DHI Group in a research note on Monday, May 4th. Zacks Research lowered DHI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of DHI Group in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, DHI Group currently has an average rating of “Hold” and an average target price of $6.50.

Hedge Funds Weigh In On DHI Group

Several hedge funds and other institutional investors have recently bought and sold shares of DHX. Kennedy Capital Management LLC lifted its position in DHI Group by 117.5% during the 4th quarter. Kennedy Capital Management LLC now owns 1,828,888 shares of the technology company’s stock worth $2,835,000 after acquiring an additional 988,188 shares in the last quarter. Marshall Wace LLP lifted its position in DHI Group by 477.6% during the 4th quarter. Marshall Wace LLP now owns 585,360 shares of the technology company’s stock worth $907,000 after acquiring an additional 484,019 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its position in DHI Group by 10.6% during 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 acquiring an additional 329,214 shares in the last quarter. Rothschild Wealth LLC acquired a new position in DHI Group during the 4th quarter worth approximately $509,000. Finally, North Star Investment Management Corp. acquired a new position in DHI Group during the 1st quarter worth approximately $801,000. 69.26% of the stock is owned by institutional investors and hedge funds.

DHI Group Company Profile

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.