DHI Group’s (DHX) Outperform Rating Reaffirmed at Barrington Research

Barrington Research reissued their outperform rating on shares of DHI Group (NYSE:DHX) in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a $7.00 target price on the technology company’s stock.

Separately, B. Riley reduced their price objective 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 Up 1.7 %

DHX stock opened at $2.93 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a market capitalization of $141.61 million, a P/E ratio of 73.27 and a beta of 1.07. The business has a 50-day moving average of $1.99 and a 200-day moving average of $1.87. DHI Group has a fifty-two week low of $1.45 and a fifty-two week high of $2.99.

DHI Group announced that its board has initiated a stock repurchase program on Tuesday, January 21st that authorizes the company to buyback $5.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 4.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Institutional Trading of DHI Group

Several institutional investors and hedge funds have recently bought and sold shares of DHX. Point72 DIFC Ltd bought a new stake in DHI Group during the second quarter worth about $30,000. Cubist Systematic Strategies LLC bought a new stake in DHI Group during the second quarter worth about $35,000. Allworth Financial LP bought a new stake in DHI Group during the third quarter worth about $49,000. XTX Topco Ltd bought a new stake in DHI Group during the second quarter worth about $52,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in 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. Institutional investors own 69.26% of the company’s stock.

About DHI Group

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.