A number of other analysts have also recently commented on the company. RBC Capital Markets restated an outperform rating and issued a $10.00 price target on shares of DHX Media in a research report on Friday, September 23rd. TD Securities reaffirmed a buy rating and issued a $9.50 price objective on shares of DHX Media in a research note on Sunday, September 4th. Seven investment analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus price target of $10.00.
DHX Media (NASDAQ:DHXM) opened at 5.17 on Friday. The firm has a 50-day moving average price of $5.79 and a 200-day moving average price of $5.49. The stock has a market capitalization of $691.61 million and a PE ratio of 31.14. DHX Media has a 52 week low of $4.56 and a 52 week high of $7.40.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Tuesday, October 11th will be paid a dividend of $0.0138 per share. The ex-dividend date of this dividend is Thursday, October 6th. This is a positive change from DHX Media’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a yield of 1.07%.
Institutional investors have recently made changes to their positions in the stock. Diker Management LLC raised its position in shares of DHX Media by 430.9% in the second quarter. Diker Management LLC now owns 176,800 shares of the company’s stock worth $903,000 after buying an additional 143,500 shares during the last quarter. FMR LLC raised its position in shares of DHX Media by 8.4% in the second quarter. FMR LLC now owns 779,710 shares of the company’s stock worth $3,995,000 after buying an additional 60,560 shares during the last quarter. Sprott Inc. raised its position in shares of DHX Media by 42.4% in the second quarter. Sprott Inc. now owns 712,000 shares of the company’s stock worth $3,660,000 after buying an additional 212,000 shares during the last quarter. Cidel Asset Management Inc. raised its position in shares of DHX Media by 0.9% in the second quarter. Cidel Asset Management Inc. now owns 75,600 shares of the company’s stock worth $385,000 after buying an additional 700 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of DHX Media during the second quarter worth approximately $126,000.
DHX Media Company Profile
DHX Media Ltd. is a Canada-based children’s entertainment company. The Company’s business is producing, distributing, broadcasting and exploiting the rights for television and film programming, primarily focusing on children, youth and family productions. Its segments include its production, distribution and merchandising operations; Copyright Promotions Licensing Group (CPLG), and DHX Television.
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