Wedge Capital Management L L P NC Increases Position in DHI Group Inc. (DHX)
Wedge Capital Management L L P NC boosted its stake in DHI Group Inc. (NYSE:DHX) by 20.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 228,500 shares of the company’s stock after buying an additional 38,700 shares during the period. Wedge Capital Management L L P NC’s holdings in DHI Group were worth $1,424,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Boothbay Fund Management LLC raised its position in shares of DHI Group by 101.3% in the first quarter. Boothbay Fund Management LLC now owns 28,780 shares of the company’s stock valued at $232,000 after buying an additional 14,481 shares during the last quarter. Diker Management LLC purchased a new position in shares of DHI Group during the first quarter valued at approximately $484,000. First Republic Investment Management Inc. increased its stake in shares of DHI Group by 6.7% in the first quarter. First Republic Investment Management Inc. now owns 69,366 shares of the company’s stock valued at $560,000 after buying an additional 4,363 shares during the period. Strs Ohio increased its stake in shares of DHI Group by 20.4% in the second quarter. Strs Ohio now owns 96,100 shares of the company’s stock valued at $598,000 after buying an additional 16,300 shares during the period. Finally, Menta Capital LLC increased its stake in shares of DHI Group by 4.9% in the first quarter. Menta Capital LLC now owns 87,572 shares of the company’s stock valued at $707,000 after buying an additional 4,100 shares during the period. Institutional investors own 88.13% of the company’s stock.
Shares of DHI Group Inc. (NYSE:DHX) traded down 19.11% during mid-day trading on Monday, reaching $6.35. The company’s stock had a trading volume of 709,183 shares. The company has a 50 day moving average of $7.87 and a 200-day moving average of $7.31. DHI Group Inc. has a 12 month low of $5.99 and a 12 month high of $10.48. The firm’s market capitalization is $318.06 million.
DHI Group (NYSE:DHX) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. DHI Group had a positive return on equity of 14.81% and a negative net margin of 6.41%. The business earned $57.70 million during the quarter, compared to analysts’ expectations of $58.67 million. During the same quarter in the previous year, the firm earned $0.11 EPS. The firm’s revenue was down 6.8% compared to the same quarter last year. Equities research analysts forecast that DHI Group Inc. will post $0.26 EPS for the current year.
Several analysts recently issued reports on the company. Avondale Partners downgraded DHI Group from an “outperform” rating to a “market perform” rating in a report on Monday. Cantor Fitzgerald reissued a “hold” rating on shares of DHI Group in a report on Friday, September 2nd. Zacks Investment Research raised DHI Group from a “sell” rating to a “hold” rating in a report on Thursday, August 11th. Finally, B. Riley reissued a “neutral” rating and issued a $8.25 price target on shares of DHI Group in a report on Saturday, July 30th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. DHI Group currently has a consensus rating of “Hold” and a consensus target price of $9.19.
In related news, insider Shravan Goli sold 16,875 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $8.01, for a total transaction of $135,168.75. Following the transaction, the insider now directly owns 163,019 shares in the company, valued at $1,305,782.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Benson sold 33,591 shares of the business’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $6.84, for a total value of $229,762.44. Following the transaction, the insider now owns 237,970 shares in the company, valued at $1,627,714.80. The disclosure for this sale can be found here. Corporate insiders own 7.20% of the company’s stock.
DHI Group Company Profile
DHI Group, Inc formerly Dice Holdings, Inc is a provider of specialized Websites focused on select professional communities. The Company’s segments include Tech & Clearance, Finance, Energy, Healthcare and Hospitality. Its online communities enable professionals to manage their careers by finding relevant job opportunities and by building their knowledge through original and community-shared content.
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