DHI Group (NYSE:DHX) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of DHI Group, Inc. (NYSE:DHX) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.34 and traded as high as $3.71. DHI Group shares last traded at $3.6630, with a volume of 176,990 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DHX. Weiss Ratings lowered DHI Group from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 18th. Lake Street Capital reaffirmed a “hold” rating and issued a $3.00 target price on shares of DHI Group in a report on Wednesday, May 6th. Barrington Research reissued an “outperform” rating and set a $10.00 price target on shares of DHI Group in a report on Monday, May 18th. Wall Street Zen upgraded shares of DHI Group from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Zacks Research cut shares of DHI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $5.83.

DHI Group Trading Up 0.4%

The business has a 50 day simple moving average of $3.06 and a 200 day simple moving average of $2.34. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market cap of $158.24 million, a price-to-earnings ratio of -73.25 and a beta of 1.11.

DHI Group (NYSE:DHX) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The business had revenue of $29.69 million during the quarter, compared to analysts’ expectations of $29.05 million. DHI Group had a positive return on equity of 11.60% and a negative net margin of 1.78%. As a group, equities analysts forecast that DHI Group, Inc. will post 0.24 EPS for the current year.

DHI Group announced that its board has authorized a stock repurchase plan on Wednesday, February 4th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the technology company to reacquire up to 12.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Transactions at DHI Group

In other news, Director Joseph G. Massaquoi, Jr. sold 26,611 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $3.09, for a total transaction of $82,227.99. Following the transaction, the director directly owned 137,653 shares in the company, valued at approximately $425,347.77. This represents a 16.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kathleen M. Swann sold 20,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $3.83, for a total transaction of $76,600.00. Following the sale, the director directly owned 193,154 shares in the company, valued at $739,779.82. This trade represents a 9.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 16.20% of the company’s stock.

Institutional Investors Weigh In On DHI Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kennedy Capital Management LLC raised its position in shares of DHI Group by 117.5% during the fourth quarter. Kennedy Capital Management LLC now owns 1,828,888 shares of the technology company’s stock worth $2,835,000 after acquiring an additional 988,188 shares during the last quarter. Sei Investments Co. boosted its holdings in DHI Group by 108.9% in the first quarter. Sei Investments Co. now owns 1,804,281 shares of the technology company’s stock valued at $5,070,000 after acquiring an additional 940,667 shares during the last quarter. Marshall Wace LLP increased its position in DHI Group by 477.6% in the fourth quarter. Marshall Wace LLP now owns 585,360 shares of the technology company’s stock worth $907,000 after purchasing an additional 484,019 shares during the period. Pacific Ridge Capital Partners LLC increased its position in DHI Group by 10.6% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 3,438,349 shares of the technology company’s stock worth $5,329,000 after purchasing an additional 329,214 shares during the period. Finally, Rothschild Wealth LLC bought a new stake in DHI Group during the 4th quarter worth about $509,000. 69.26% of the stock is owned by institutional investors and hedge funds.

About DHI Group

DHI Group, Inc (NYSE: DHX) is a specialized professional recruitment and career development company that operates digital platforms connecting technology and security-cleared professionals with employers worldwide. Founded in 1990 as a niche job board for technology talent, the company completed its initial public offering in 2007 and trades on the New York Stock Exchange under the ticker symbol DHX.

The company’s primary offerings include Dice.com, a careers platform designed for technology professionals, and ClearanceJobs, a specialized service catering to candidates holding U.S.