Shares of DHX Media Ltd (NASDAQ:DHXM) have been given an average rating of “Buy” by the seven ratings firms that are presently covering the stock. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have covered the stock in the last year is $9.33.
Several equities analysts have recently weighed in on DHXM shares. Clarus Securities reissued a “buy” rating on shares of DHX Media in a research report on Thursday, May 11th. B. Riley reaffirmed a “buy” rating on shares of DHX Media in a research report on Thursday, May 11th. Finally, National Bank Financial reaffirmed an “outperform market weight” rating on shares of DHX Media in a research report on Wednesday, May 10th.
A number of institutional investors have recently added to or reduced their stakes in DHXM. Simcoe Capital Management LLC raised its position in DHX Media by 55.9% in the first quarter. Simcoe Capital Management LLC now owns 2,332,250 shares of the company’s stock valued at $9,811,000 after buying an additional 836,213 shares in the last quarter. Pembroke Management LTD raised its position in DHX Media by 9.0% in the first quarter. Pembroke Management LTD now owns 1,475,260 shares of the company’s stock valued at $8,298,000 after buying an additional 121,700 shares in the last quarter. Boothbay Fund Management LLC purchased a new position in DHX Media during the fourth quarter valued at approximately $244,000. Bard Associates Inc. raised its position in DHX Media by 0.8% in the fourth quarter. Bard Associates Inc. now owns 886,275 shares of the company’s stock valued at $4,653,000 after buying an additional 6,700 shares in the last quarter. Finally, Diker Management LLC raised its position in DHX Media by 2.6% in the third quarter. Diker Management LLC now owns 181,400 shares of the company’s stock valued at $950,000 after buying an additional 4,600 shares in the last quarter.
Shares of DHX Media (NASDAQ:DHXM) opened at 4.55 on Tuesday. The firm’s 50-day moving average price is $4.35 and its 200-day moving average price is $4.71. DHX Media has a one year low of $3.80 and a one year high of $6.30. The stock has a market capitalization of $609.68 million, a P/E ratio of 64.08 and a beta of 1.10.
The firm also recently declared a dividend, which will be paid on Tuesday, June 20th. Investors of record on Friday, May 26th will be given a dividend of $0.0139 per share. The ex-dividend date of this dividend is Wednesday, May 24th. DHX Media’s dividend payout ratio is 55.56%.
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DHX Media Company Profile
DHX Media Ltd. is a creator, producer, distributor, licensor and broadcaster of kids and family television and film productions. The Company develops, produces and distributes films and television programs for the domestic and international market, broadcasts films and television programs for the domestic markets, as well, the Company manages copyrights, licensing and brands for third parties.
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