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 business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $3.09, for a total value of $82,227.99. Following the transaction, the director directly owned 137,653 shares in the company, valued at $425,347.77. This trade represents a 16.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DHI Group Stock Up 8.6%

DHI Group stock traded up $0.30 during midday trading on Monday, hitting $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. DHI Group, Inc. has a fifty-two week low of $1.44 and a fifty-two week high of $3.99. The company’s fifty day moving average price is $2.70 and its 200-day moving average price is $2.16. The company has a market cap of $164.72 million, a PE ratio of -76.24 and a beta of 1.11.

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

DHI Group announced that its board has initiated a stock repurchase program on Wednesday, February 4th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 12.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On DHI Group

A number of institutional investors have recently made changes to their positions in DHX. Cubist Systematic Strategies LLC increased its holdings in shares of DHI Group by 258.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company’s stock valued at $29,000 after acquiring an additional 15,089 shares during the last quarter. Prudential Financial Inc. bought a new stake in shares of DHI Group in the 2nd quarter valued at approximately $33,000. Invesco Ltd. bought a new stake in shares of DHI Group in the 2nd quarter valued at approximately $45,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of DHI Group in the 3rd quarter valued at approximately $49,000. Finally, NewEdge Advisors LLC increased its holdings in shares of DHI Group by 122.3% in the 1st quarter. NewEdge Advisors LLC now owns 40,716 shares of the technology company’s stock valued at $57,000 after acquiring an additional 22,399 shares during the last quarter. 69.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DHX has been the topic of several analyst reports. Barrington Research restated an “outperform” rating and set a $10.00 price objective on shares of DHI Group in a report on Monday, May 4th. Wall Street Zen upgraded DHI Group from a “hold” rating to a “strong-buy” rating in a report on Saturday. Lake Street Capital restated a “hold” rating and set a $3.00 price objective on shares of DHI Group in a report on Wednesday, May 6th. Weiss Ratings restated a “sell (d)” rating on shares of DHI Group in a report on Monday, April 20th. Finally, Zacks Research downgraded DHI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.50.

About DHI Group

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.