Insider Selling: DHI Group (NYSE:DHX) Director Sells 20,000 Shares of Stock

DHI Group, Inc. (NYSE:DHX) Director Kathleen Swann sold 20,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $3.83, for a total transaction of $76,600.00. Following the transaction, the director directly owned 193,154 shares of the company’s stock, valued at approximately $739,779.82. This represents a 9.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

DHI Group Stock Down 4.6%

DHX stock traded down $0.17 during mid-day trading on Tuesday, hitting $3.65. 423,407 shares of the company were exchanged, compared to its average volume of 497,370. The company has a market capitalization of $157.51 million, a PE ratio of -72.91 and a beta of 1.11. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.36. DHI Group, Inc. has a twelve month low of $1.44 and a twelve month high of $3.99. The firm has a fifty day simple moving average of $2.75 and a 200 day simple moving average of $2.19.

DHI Group (NYSE:DHX) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $29.69 million for the quarter, compared to the consensus estimate of $29.05 million. On average, research analysts forecast that DHI Group, Inc. will post 0.18 earnings per share for the current fiscal year.

DHI Group announced that its board has approved a share repurchase 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 repurchase up to 12.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

DHX has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of DHI Group from a “hold” rating to a “strong-buy” rating in a research report on Saturday. Zacks Research downgraded shares of DHI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Lake Street Capital restated a “hold” rating and set a $3.00 price target on shares of DHI Group in a research report on Wednesday, May 6th. Weiss Ratings restated a “sell (d)” rating on shares of DHI Group in a research report on Monday, April 20th. Finally, 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. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.50.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DHX. Cubist Systematic Strategies LLC increased its position in shares of DHI Group by 258.8% in the first quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company’s stock worth $29,000 after acquiring an additional 15,089 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of DHI Group by 122.3% in the first quarter. NewEdge Advisors LLC now owns 40,716 shares of the technology company’s stock worth $57,000 after acquiring an additional 22,399 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of DHI Group by 37.6% in the first quarter. Goldman Sachs Group Inc. now owns 316,808 shares of the technology company’s stock worth $440,000 after acquiring an additional 86,631 shares in the last quarter. Jane Street Group LLC increased its position in shares of DHI Group by 229.4% in the first quarter. Jane Street Group LLC now owns 96,005 shares of the technology company’s stock worth $133,000 after acquiring an additional 66,861 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of DHI Group by 1.2% in the second quarter. Geode Capital Management LLC now owns 361,314 shares of the technology company’s stock worth $1,073,000 after acquiring an additional 4,188 shares in the last quarter. 69.26% of the stock is owned by hedge funds and other institutional investors.

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.