DHI Group Inc. (DHX) Downgraded by Avondale Partners to Market Perform
DHI Group Inc. (NYSE:DHX) was downgraded by analysts at Avondale Partners to a “market perform” rating in a research note issued to investors on Monday.
Several other research analysts also recently commented on the company. Zacks Investment Research raised DHI Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. Cantor Fitzgerald reissued a “hold” rating on shares of DHI Group in a research note on Friday, September 2nd. Finally, B. Riley reissued a “neutral” rating and set a $8.50 target price on shares of DHI Group in a research note on Monday, July 25th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.19.
Shares of DHI Group (NYSE:DHX) traded down 18.790% during mid-day trading on Monday, reaching $6.375. 599,982 shares of the company’s stock traded hands. The company’s market cap is $319.31 million. DHI Group has a 12 month low of $5.99 and a 12 month high of $10.48. The company has a 50 day moving average of $7.87 and a 200 day moving average of $7.31.
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DHI Group (NYSE:DHX) last issued its earnings results on Wednesday, July 27th. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The firm earned $57.70 million during the quarter, compared to the consensus estimate of $58.67 million. DHI Group had a positive return on equity of 14.81% and a negative net margin of 6.41%. The business’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 earnings per share. Analysts expect that DHI Group will post $0.26 earnings per share for the current fiscal year.
In related news, insider John Benson sold 33,591 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $6.84, for a total value of $229,762.44. Following the sale, the insider now directly owns 237,970 shares in the company, valued at $1,627,714.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shravan Goli sold 16,875 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $8.01, for a total value of $135,168.75. Following the completion of the sale, the insider now owns 163,019 shares in the company, valued at $1,305,782.19. The disclosure for this sale can be found here. 7.20% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. TIAA CREF Investment Management LLC boosted its stake in shares of DHI Group by 30.5% in the first quarter. TIAA CREF Investment Management LLC now owns 354,841 shares of the company’s stock valued at $2,864,000 after buying an additional 83,010 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of DHI Group by 114.0% in the first quarter. Prudential Financial Inc. now owns 265,777 shares of the company’s stock valued at $2,145,000 after buying an additional 141,574 shares during the last quarter. Menta Capital LLC boosted its stake in shares of DHI Group by 4.9% in the first quarter. Menta Capital LLC now owns 87,572 shares of the company’s stock valued at $707,000 after buying an additional 4,100 shares during the last quarter. M&T Bank Corp boosted its stake in shares of DHI Group by 0.5% in the first quarter. M&T Bank Corp now owns 99,733 shares of the company’s stock valued at $806,000 after buying an additional 487 shares during the last quarter. Finally, Chubb Ltd. bought a new stake in shares of DHI Group during the first quarter valued at approximately $2,519,000. 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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