DHI Group (NYSE:DHX) Given “Outperform” Rating at Barrington Research

Barrington Research reiterated their outperform rating on shares of DHI Group (NYSE:DHX) in a report published on Wednesday,Benzinga reports. Barrington Research currently has a $7.00 price objective on the technology company’s stock.

Separately, B. Riley lowered their price target on DHI Group from $4.00 to $3.50 and set a “buy” rating for the company in a research report on Wednesday, November 13th.

DHI Group Stock Performance

Shares of DHX opened at $2.82 on Wednesday. The firm has a market capitalization of $136.29 million, a P/E ratio of 70.52 and a beta of 1.07. DHI Group has a 52 week low of $1.45 and a 52 week high of $2.99. The stock has a 50 day moving average price of $2.04 and a two-hundred day moving average price of $1.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.42 and a current ratio of 0.42.

DHI Group announced that its Board of Directors has initiated a share buyback program on Tuesday, January 21st that permits the company to repurchase $5.00 million in shares. This repurchase authorization permits the technology company to purchase up to 4.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On DHI Group

Several hedge funds have recently modified their holdings of DHX. Point72 DIFC Ltd purchased a new stake in shares of DHI Group during the second quarter valued at approximately $30,000. Cubist Systematic Strategies LLC purchased a new stake in shares of DHI Group during the 2nd quarter valued at $35,000. Allworth Financial LP bought a new stake in shares of DHI Group during the 3rd quarter worth $49,000. XTX Topco Ltd purchased a new position in shares of DHI Group in the 2nd quarter worth about $52,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of DHI Group by 86.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,659 shares of the technology company’s stock worth $113,000 after buying an additional 28,552 shares during the last quarter. Institutional investors own 69.26% of the company’s stock.

DHI Group Company Profile

DHI Group, Inc provides data, insights, and employment connections through specialized services for technology professionals and other select online communities in the United States. Its solutions include talent profiles; job postings; employer branding; and other services comprising virtual and live career events, sourcing services, and content and data services that provides tailored content to help professionals manage their careers and provide employers insight into recruiting strategies and trends.