DHI Group, Inc. (NYSE:DHX) Short Interest Down 20.3% in March

DHI Group, Inc. (NYSE:DHX) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 137,500 shares, a decrease of 20.3% from the February 28th total of 172,500 shares. Based on an average daily trading volume, of 177,100 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the shares of the company are short sold.

Insider Buying and Selling

In other DHI Group news, Director Kathleen M. Swann sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $2.96, for a total transaction of $29,600.00. Following the completion of the transaction, the director now owns 118,113 shares in the company, valued at approximately $349,614.48. The trade was a 7.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 13,700 shares of company stock valued at $37,175 in the last three months. 15.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DHI Group

Several hedge funds have recently made changes to their positions in DHX. XTX Topco Ltd purchased a new stake in shares of DHI Group in the fourth quarter worth approximately $25,000. Picton Mahoney Asset Management boosted its stake in shares of DHI Group by 92.1% during the 4th quarter. Picton Mahoney Asset Management now owns 17,618 shares of the technology company’s stock valued at $31,000 after buying an additional 8,449 shares during the period. NewEdge Advisors LLC purchased a new position in shares of DHI Group during the 4th quarter valued at $32,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of DHI Group by 86.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,659 shares of the technology company’s stock worth $113,000 after acquiring an additional 28,552 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of DHI Group by 7.0% during the 4th quarter. Northern Trust Corp now owns 77,687 shares of the technology company’s stock worth $138,000 after purchasing an additional 5,090 shares in the last quarter. Hedge funds and other institutional investors own 69.26% of the company’s stock.

Analyst Ratings Changes

Separately, Barrington Research reiterated an “outperform” rating and issued a $7.00 target price on shares of DHI Group in a research report on Friday, March 21st.

DHI Group Trading Down 10.5 %

Shares of DHI Group stock opened at $1.49 on Monday. The business has a fifty day simple moving average of $2.34 and a 200-day simple moving average of $1.99. DHI Group has a fifty-two week low of $1.32 and a fifty-two week high of $3.32. The firm has a market cap of $72.65 million, a price-to-earnings ratio of 148.65 and a beta of 1.08. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.28.

DHI Group (NYSE:DHX) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. DHI Group had a net margin of 0.18% and a return on equity of 9.21%. On average, equities analysts forecast that DHI Group will post 0.11 EPS for the current fiscal year.

DHI Group announced that its board has initiated a share buyback plan on Tuesday, January 21st that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 4.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.