Prescott Group Capital Management L.L.C. Takes $299,000 Position in DHI Group, Inc. $DHX

Prescott Group Capital Management L.L.C. acquired a new stake in DHI Group, Inc. (NYSE:DHX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 193,141 shares of the technology company’s stock, valued at approximately $299,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DHX. Cubist Systematic Strategies LLC increased its stake in shares of DHI Group by 258.8% in the first quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company’s stock valued at $29,000 after buying an additional 15,089 shares during the period. Prudential Financial Inc. acquired a new position in shares of DHI Group in the second quarter valued at approximately $33,000. Invesco Ltd. acquired a new position in shares of DHI Group in the second quarter valued at approximately $45,000. Jacobs Levy Equity Management Inc. acquired a new stake in DHI Group during the 3rd quarter valued at approximately $49,000. Finally, NewEdge Advisors LLC increased its position in DHI Group by 122.3% during the 1st quarter. NewEdge Advisors LLC now owns 40,716 shares of the technology company’s stock valued at $57,000 after purchasing an additional 22,399 shares during the period. Institutional investors and hedge funds own 69.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Lake Street Capital reissued a “hold” rating and set a $3.00 target price on shares of DHI Group in a research report on Wednesday, May 6th. Zacks Research downgraded shares of DHI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. B. Riley Financial assumed coverage on shares of DHI Group in a research report on Thursday, May 14th. They set a “buy” rating and a $4.50 target price for the company. Wall Street Zen raised shares of DHI Group from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Barrington Research reissued an “outperform” rating and set a $10.00 target price on shares of DHI Group in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.83.

Insider Buying and Selling

In other DHI Group news, Director Joseph G. Massaquoi, Jr. sold 26,611 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was 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 position. The transaction was disclosed in a filing 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 stock was sold at an average price of $3.83, for a total value of $76,600.00. Following the transaction, the director owned 193,154 shares in the company, valued at $739,779.82. The trade was a 9.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 16.20% of the stock is currently owned by corporate insiders.

DHI Group Stock Performance

NYSE:DHX opened at $3.78 on Thursday. The company has a market capitalization of $163.30 million, a PE ratio of -75.58 and a beta of 1.11. The company has a 50 day simple moving average of $2.91 and a two-hundred day simple moving average of $2.27. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.44 and a current ratio of 0.44. DHI Group, Inc. has a fifty-two week low of $1.44 and a fifty-two week high of $4.10.

DHI Group (NYSE:DHX) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The firm had revenue of $29.69 million for 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%. Research analysts anticipate that DHI Group, Inc. will post 0.24 earnings per share for the current year.

DHI Group declared that its board has initiated a share repurchase program on Wednesday, February 4th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 12.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

DHI Group Company Profile

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.