DHI Group’s (DHX) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of DHI Group (NYSE:DHX) in a research report released on Tuesday morning,Benzinga reports. The firm currently has a $10.00 price objective on the technology company’s stock.

DHX has been the subject of several other research reports. Zacks Research upgraded shares of DHI Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Weiss Ratings reissued a “sell (d)” rating on shares of DHI Group in a research report on Wednesday, January 21st. Finally, Lake Street Capital reaffirmed a “hold” rating and set a $2.50 price target (down from $3.00) on shares of DHI Group in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, DHI Group has a consensus rating of “Moderate Buy” and a consensus price target of $6.25.

DHI Group Stock Performance

Shares of DHX opened at $2.61 on Tuesday. The company has a market capitalization of $117.37 million, a price-to-earnings ratio of -8.70 and a beta of 1.37. DHI Group has a 52-week low of $1.21 and a 52-week high of $3.34. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average price of $2.03 and a 200 day moving average price of $2.15.

DHI Group declared that its board has initiated a share buyback plan on Thursday, November 6th that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 5.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On DHI Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Pacific Ridge Capital Partners LLC boosted its holdings in DHI Group by 10.6% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 3,438,349 shares of the technology company’s stock worth $5,329,000 after buying an additional 329,214 shares in the last quarter. 22NW LP lifted its position in shares of DHI Group by 26.7% during the 2nd quarter. 22NW LP now owns 3,299,937 shares of the technology company’s stock valued at $9,801,000 after acquiring an additional 696,294 shares during the period. Tieton Capital Management LLC boosted its stake in shares of DHI Group by 1.0% during the 4th quarter. Tieton Capital Management LLC now owns 3,042,649 shares of the technology company’s stock worth $4,716,000 after acquiring an additional 31,100 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of DHI Group by 13.6% in the 4th quarter. Renaissance Technologies LLC now owns 2,187,229 shares of the technology company’s stock worth $3,390,000 after acquiring an additional 262,300 shares during the period. Finally, Vanguard Group Inc. increased its stake in DHI Group by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,961,064 shares of the technology company’s stock valued at $5,452,000 after purchasing an additional 65,462 shares in the last quarter. 69.26% of the stock is currently owned by hedge funds and other institutional investors.

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.