DHX Media Ltd (DHXM) Given Average Rating of “Buy” by Analysts
Shares of DHX Media Ltd (NASDAQ:DHXM) have been given an average recommendation of “Buy” by the seven analysts that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $9.00.
Several research firms have recently issued reports on DHXM. Canaccord Genuity cut DHX Media from a “buy” rating to a “hold” rating in a research note on Friday, September 29th. National Bank Financial cut DHX Media from an “outperform” rating to a “sector perform” rating in a research note on Thursday, September 28th. Finally, Royal Bank Of Canada cut DHX Media from an “outperform” rating to a “sector perform” rating in a research note on Thursday, September 28th.
Shares of DHX Media (NASDAQ:DHXM) opened at 3.55 on Monday. The firm has a 50-day moving average price of $5.22 and a 200-day moving average price of $4.54. The firm’s market cap is $475.92 million. DHX Media has a 12-month low of $3.08 and a 12-month high of $6.30.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Friday, October 13th will be paid a dividend of $0.0162 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.06 annualized dividend and a yield of 1.82%. This is a boost from DHX Media’s previous quarterly dividend of $0.01. DHX Media’s dividend payout ratio (DPR) is currently 85.71%.
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A number of hedge funds have recently made changes to their positions in the stock. Cidel Asset Management Inc. boosted its stake in DHX Media by 0.7% during the second quarter. Cidel Asset Management Inc. now owns 153,600 shares of the company’s stock valued at $678,000 after buying an additional 1,000 shares in the last quarter. Bard Associates Inc. boosted its stake in DHX Media by 0.4% during the second quarter. Bard Associates Inc. now owns 884,972 shares of the company’s stock valued at $3,894,000 after buying an additional 3,525 shares in the last quarter. Deprince Race & Zollo Inc. bought a new position in DHX Media during the second quarter valued at about $619,000. Pembroke Management LTD boosted its stake in DHX Media by 10.9% during the second quarter. Pembroke Management LTD now owns 1,636,660 shares of the company’s stock valued at $9,378,000 after buying an additional 161,400 shares in the last quarter. Finally, Northern Right Capital Management L.P. boosted its stake in DHX Media by 72.8% during the second quarter. Northern Right Capital Management L.P. now owns 2,110,700 shares of the company’s stock valued at $9,287,000 after buying an additional 889,100 shares in the last quarter.
About DHX Media
DHX Media Ltd is a Canada-based creator, producer, distributor, licensor and broadcaster of kids and family television and film productions. The Company develops, produces and distributes films and television programs for the domestic and international market, broadcasts films and television programs for the domestic markets, as well, the Company manages copyrights, licensing and brands for third parties.
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