DHI Group (NYSE:DHX) Director Joseph Massaquoi, Jr. Sells 26,611 Shares of Stock

DHI Group, Inc. (NYSE:DHX) Director Joseph Massaquoi, Jr. sold 26,611 shares of DHI Group stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $3.09, for a total value of $82,227.99. Following the transaction, the director owned 137,653 shares of the company’s stock, valued at $425,347.77. This represents a 16.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DHI Group Stock Up 8.6%

DHX opened at $3.81 on Tuesday. The firm has a market cap of $164.72 million, a P/E ratio of -76.24 and a beta of 1.11. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.36. The business’s fifty day simple moving average is $2.75 and its 200 day simple moving average is $2.19. DHI Group, Inc. has a 52 week low of $1.44 and a 52 week high of $3.99.

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, topping the consensus estimate of $0.04 by $0.04. DHI Group had a negative net margin of 1.78% and a positive return on equity of 11.60%. The company had revenue of $29.69 million for the quarter, compared to analysts’ expectations of $29.05 million. As a group, equities research analysts anticipate that DHI Group, Inc. will post 0.18 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DHX. Wall Street Zen raised shares of DHI Group from a “hold” rating to a “strong-buy” rating in a research note on Saturday. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of DHI Group in a research report on Monday, May 4th. Zacks Research downgraded DHI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Lake Street Capital restated a “hold” rating and issued a $3.00 price target on shares of DHI Group in a research note on Wednesday, May 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of DHI Group in a research note on Monday, April 20th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.50.

Hedge Funds Weigh In On DHI Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pacific Ridge Capital Partners LLC boosted its stake in DHI Group by 10.6% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 3,438,349 shares of the technology company’s stock valued at $5,329,000 after purchasing an additional 329,214 shares in the last quarter. Tieton Capital Management LLC boosted its holdings in shares of DHI Group by 1.0% in the fourth quarter. Tieton Capital Management LLC now owns 3,042,649 shares of the technology company’s stock worth $4,716,000 after buying an additional 31,100 shares during the period. Renaissance Technologies LLC grew its position in DHI Group by 13.6% during the 4th quarter. Renaissance Technologies LLC now owns 2,187,229 shares of the technology company’s stock worth $3,390,000 after purchasing an additional 262,300 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of DHI Group by 3.5% during the third quarter. Vanguard Group Inc. now owns 1,961,064 shares of the technology company’s stock valued at $5,452,000 after buying an additional 65,462 shares in the last quarter. Finally, Kennedy Capital Management LLC increased its holdings in shares of DHI Group by 117.5% in the 4th quarter. Kennedy Capital Management LLC now owns 1,828,888 shares of the technology company’s stock valued at $2,835,000 after purchasing an additional 988,188 shares during the period. Institutional investors own 69.26% of the company’s stock.

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.