DHI Group (NYSE:DHX) Given “Outperform” Rating at Barrington Research

Barrington Research restated their outperform rating on shares of DHI Group (NYSE:DHX) in a research report report published on Friday,Benzinga reports. They currently have a $10.00 target price on the technology company’s stock.

DHX has been the topic of several other research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DHI Group in a research note on Wednesday, January 21st. Zacks Research upgraded shares of DHI Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, DHI Group currently has an average rating of “Moderate Buy” and an average target price of $6.25.

DHI Group Price Performance

Shares of NYSE DHX opened at $2.46 on Friday. DHI Group has a twelve month low of $1.21 and a twelve month high of $3.34. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average of $2.21 and a two-hundred day moving average of $2.14. The company has a market capitalization of $110.76 million, a price-to-earnings ratio of -8.21 and a beta of 1.37.

DHI Group declared that its board has authorized a stock 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 repurchase up to 12.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Institutional Trading of DHI Group

Hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC grew its holdings in shares of DHI Group by 258.8% during the first quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company’s stock valued at $29,000 after buying an additional 15,089 shares in the last quarter. Prudential Financial Inc. acquired a new position in DHI Group during the second quarter valued at $33,000. Invesco Ltd. purchased a new stake in DHI Group in the 2nd quarter worth about $45,000. Jacobs Levy Equity Management Inc. acquired a new stake in DHI Group during the 3rd quarter worth about $49,000. Finally, NewEdge Advisors LLC boosted its position in DHI Group by 122.3% during the 1st 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 during the period. Hedge funds and other institutional investors own 69.26% of the company’s stock.

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.