DHI Group (NYSE:DHX) Rating Lowered to Hold at Zacks Research

DHI Group (NYSE:DHX) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also issued reports on DHX. Barrington Research reaffirmed an “outperform” rating and set a $10.00 target price on shares of DHI Group in a research report on Friday, March 20th. Weiss Ratings restated a “sell (d)” rating on shares of DHI Group in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.25.

DHI Group Trading Down 0.6%

Shares of DHI Group stock traded down $0.02 on Monday, reaching $3.07. 71,223 shares of the company were exchanged, compared to its average volume of 564,133. The stock has a fifty day moving average price of $2.48 and a 200-day moving average price of $2.12. The firm has a market capitalization of $138.06 million, a price-to-earnings ratio of -10.24 and a beta of 1.26. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.32. DHI Group has a fifty-two week low of $1.21 and a fifty-two week high of $3.34.

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

Hedge Funds Weigh In On DHI Group

A number of hedge funds have recently modified their holdings of DHX. Kennedy Capital Management LLC increased its stake in shares of DHI Group by 117.5% in the fourth quarter. Kennedy Capital Management LLC now owns 1,828,888 shares of the technology company’s stock worth $2,835,000 after acquiring an additional 988,188 shares during the last quarter. Marshall Wace LLP increased its stake in shares of DHI Group by 477.6% in the fourth quarter. Marshall Wace LLP now owns 585,360 shares of the technology company’s stock worth $907,000 after acquiring an additional 484,019 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its stake in shares of DHI Group by 10.6% in 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 acquiring an additional 329,214 shares during the last quarter. Rothschild Wealth LLC acquired a new position in shares of DHI Group in the fourth quarter worth $509,000. Finally, Luminus Management LLC acquired a new position in shares of DHI Group in the fourth quarter worth $408,000. 69.26% of the stock is 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.