Avondale Partners Downgrades DHI Group Inc. (DHX) to Market Perform
DHI Group Inc. (NYSE:DHX) was downgraded by Avondale Partners to a “market perform” rating in a report released on Monday.
Other equities research analysts also recently issued research reports about the company. B. Riley reissued a “neutral” rating and set a $8.25 price target on shares of DHI Group in a research report on Saturday, July 30th. Cantor Fitzgerald restated a “hold” rating on shares of DHI Group in a research note on Saturday, July 9th. Finally, Zacks Investment Research upgraded DHI Group from a “sell” rating to a “hold” rating in a research note on Friday, June 24th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. DHI Group currently has a consensus rating of “Hold” and a consensus price target of $9.19.
DHI Group (NYSE:DHX) traded down 18.790% on Monday, hitting $6.375. The stock had a trading volume of 606,907 shares. DHI Group has a 12-month low of $5.99 and a 12-month high of $10.48. The firm’s market cap is $319.31 million. The company’s 50 day moving average is $7.87 and its 200 day moving average is $7.31.
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DHI Group (NYSE:DHX) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.02. DHI Group had a positive return on equity of 14.81% and a negative net margin of 6.41%. The firm earned $57.70 million during the quarter, compared to the consensus estimate of $58.67 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. On average, equities research analysts expect that DHI Group will post $0.26 EPS for the current fiscal year.
In related news, insider John Benson sold 33,591 shares of the business’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $6.84, for a total value of $229,762.44. Following the transaction, the insider now owns 237,970 shares in the company, valued at $1,627,714.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shravan Goli sold 16,875 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $8.01, for a total value of $135,168.75. Following the completion of the transaction, the insider now owns 163,019 shares in the company, valued at approximately $1,305,782.19. The disclosure for this sale can be found here. Company insiders own 7.20% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DHX. Chubb Ltd. acquired a new position in DHI Group during the first quarter valued at approximately $2,519,000. BlackRock Fund Advisors boosted its position in DHI Group by 10.7% in the second quarter. BlackRock Fund Advisors now owns 2,963,255 shares of the company’s stock valued at $18,461,000 after buying an additional 286,320 shares during the period. Vanguard Group Inc. boosted its position in DHI Group by 7.2% in the second quarter. Vanguard Group Inc. now owns 3,926,803 shares of the company’s stock valued at $24,464,000 after buying an additional 264,453 shares during the period. Bank of Montreal Can acquired a new position in DHI Group during the second quarter valued at approximately $1,363,000. Finally, Oxford Asset Management boosted its position in DHI Group by 56.9% in the second quarter. Oxford Asset Management now owns 443,834 shares of the company’s stock valued at $2,765,000 after buying an additional 160,930 shares during the period. Institutional investors and hedge funds own 88.13% of the company’s stock.
About DHI Group
DHI Group, Inc formerly Dice Holdings, Inc is a provider of specialized Websites focused on select professional communities. The Company’s segments include Tech & Clearance, Finance, Energy, Healthcare and Hospitality. Its online communities enable professionals to manage their careers by finding relevant job opportunities and by building their knowledge through original and community-shared content.
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