DHI Group (NYSE:DHX) Director Sells $76,600.00 in Stock

DHI Group, Inc. (NYSE:DHX) Director Kathleen Swann sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were 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 in the company, valued at $739,779.82. The trade was a 9.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

DHI Group Stock Down 4.6%

DHX traded down $0.17 on Tuesday, reaching $3.65. 423,407 shares of the company traded hands, compared to its average volume of 497,370. The stock’s 50 day moving average price is $2.75 and its 200-day moving average price is $2.19. DHI Group, Inc. has a 52-week low of $1.44 and a 52-week high of $3.99. The company has a market cap of $157.51 million, a price-to-earnings ratio of -72.91 and a beta of 1.11. 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 (NYSE:DHX) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.08 EPS for the quarter, beating 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 firm had revenue of $29.69 million for the quarter, compared to the consensus estimate of $29.05 million. On average, sell-side analysts expect that DHI Group, Inc. will post 0.18 EPS for the current fiscal year.

DHI Group declared that its Board of Directors has approved a share buyback plan 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 shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

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

Institutional Trading of DHI Group

A number of institutional investors and hedge funds have recently modified their holdings of DHX. Cubist Systematic Strategies LLC lifted its stake 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 buying an additional 15,089 shares during the last quarter. NewEdge Advisors LLC lifted its stake 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 buying an additional 22,399 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake 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 buying an additional 86,631 shares during the last quarter. Jane Street Group LLC lifted its stake 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 buying an additional 66,861 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in DHI Group by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 361,314 shares of the technology company’s stock valued at $1,073,000 after purchasing an additional 4,188 shares during the last quarter. 69.26% of the stock is currently owned by institutional investors and hedge funds.

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.