DHI Group (NYSE:DHX) Trading Down 7.8%

DHI Group Inc (NYSE:DHX)’s stock price was down 7.8% during trading on Friday . The company traded as low as $3.57 and last traded at $3.57. Approximately 8,757,856 shares were traded during mid-day trading, an increase of 2,353% from the average daily volume of 357,090 shares. The stock had previously closed at $3.87.

A number of equities research analysts have commented on DHX shares. Zacks Investment Research upgraded shares of DHI Group from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a report on Monday, May 6th. ValuEngine raised shares of DHI Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, B. Riley raised their price objective on shares of DHI Group from $2.50 to $3.50 and gave the company a “buy” rating in a research note on Monday, March 18th.

The firm has a market capitalization of $196.48 million, a PE ratio of 17.85, a P/E/G ratio of 0.70 and a beta of 1.57. The company’s 50 day simple moving average is $3.82. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.45 and a quick ratio of 0.45.

DHI Group (NYSE:DHX) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). DHI Group had a net margin of 3.38% and a return on equity of 6.72%. The business had revenue of $37.12 million during the quarter, compared to the consensus estimate of $37.14 million. Research analysts expect that DHI Group Inc will post 0.25 EPS for the current year.

In other DHI Group news, Director Carol W. Carpenter sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $3.00, for a total value of $30,000.00. Following the transaction, the director now directly owns 96,966 shares of the company’s stock, valued at $290,898. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.10% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Punch & Associates Investment Management Inc. increased its position in DHI Group by 76.0% during the first quarter. Punch & Associates Investment Management Inc. now owns 638,100 shares of the technology company’s stock worth $1,551,000 after buying an additional 275,600 shares during the last quarter. Group One Trading L.P. acquired a new position in DHI Group during the first quarter worth $55,000. O Shaughnessy Asset Management LLC increased its position in DHI Group by 212.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 62,254 shares of the technology company’s stock worth $151,000 after buying an additional 42,303 shares during the last quarter. Acadian Asset Management LLC increased its position in DHI Group by 16.2% during the first quarter. Acadian Asset Management LLC now owns 1,211,192 shares of the technology company’s stock worth $2,943,000 after buying an additional 168,638 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in DHI Group by 27.3% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 312,379 shares of the technology company’s stock worth $759,000 after buying an additional 66,973 shares during the last quarter. 62.09% of the stock is currently owned by hedge funds and other institutional investors.

About DHI Group (NYSE:DHX)

DHI Group, Inc provides data, insights, and employment connections through specialized services for technology professionals in the United States and internationally. The company operates Dice that offers job postings of technology and non-technology companies for industries, such as positions for software engineers, big data professionals, systems administrators, database specialists, project managers, and other technology and engineering professionals; and ClearanceJobs, an Internet-based career network, which matches security-cleared professionals with hiring companies searching for employees.

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