Picton Mahoney Asset Management Acquires 8,449 Shares of DHI Group, Inc. (NYSE:DHX)

Picton Mahoney Asset Management boosted its holdings in DHI Group, Inc. (NYSE:DHX) by 92.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,618 shares of the technology company’s stock after purchasing an additional 8,449 shares during the period. Picton Mahoney Asset Management’s holdings in DHI Group were worth $31,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Royce & Associates LP increased its position in shares of DHI Group by 5.5% in the third quarter. Royce & Associates LP now owns 3,359,148 shares of the technology company’s stock valued at $6,181,000 after acquiring an additional 174,010 shares during the period. GSA Capital Partners LLP increased its position in shares of DHI Group by 35.6% in the third quarter. GSA Capital Partners LLP now owns 225,353 shares of the technology company’s stock valued at $415,000 after acquiring an additional 59,155 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of DHI Group by 86.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,659 shares of the technology company’s stock valued at $113,000 after acquiring an additional 28,552 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of DHI Group by 2.3% in the third quarter. Geode Capital Management LLC now owns 379,424 shares of the technology company’s stock valued at $698,000 after acquiring an additional 8,547 shares during the period. 69.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Barrington Research restated an “outperform” rating and issued a $7.00 price objective on shares of DHI Group in a research report on Thursday, February 6th.

DHI Group Price Performance

Shares of NYSE DHX opened at $1.73 on Tuesday. DHI Group, Inc. has a 1 year low of $1.45 and a 1 year high of $3.32. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.47 and a quick ratio of 0.47. The company’s 50-day moving average is $2.46 and its 200 day moving average is $2.00. The stock has a market capitalization of $84.83 million, a P/E ratio of 173.57 and a beta of 1.08.

DHI Group (NYSE:DHX) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. DHI Group had a net margin of 0.18% and a return on equity of 9.21%. On average, sell-side analysts expect that DHI Group, Inc. will post 0.11 earnings per share for the current year.

DHI Group announced that its Board of Directors has authorized a share buyback program on Tuesday, January 21st that allows the company to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 4.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other DHI Group news, Director Kathleen M. Swann sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $2.96, for a total value of $29,600.00. Following the sale, the director now owns 118,113 shares in the company, valued at approximately $349,614.48. This represents a 7.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 18,200 shares of company stock worth $45,530. 15.80% of the stock is currently owned by company insiders.

DHI Group Profile

DHI Group, Inc provides data, insights, and employment connections through specialized services for technology professionals and other select online communities in the United States. Its solutions include talent profiles; job postings; employer branding; and other services comprising virtual and live career events, sourcing services, and content and data services that provides tailored content to help professionals manage their careers and provide employers insight into recruiting strategies and trends.