DHI Group, Inc. (NYSE:DHX) Sees Large Drop in Short Interest

DHI Group, Inc. (NYSE:DHX) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 137,500 shares, a decrease of 20.3% from the February 28th total of 172,500 shares. Based on an average trading volume of 177,100 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the shares of the company are short sold.

DHI Group Stock Performance

DHI Group stock opened at $1.49 on Monday. DHI Group has a 12-month low of $1.32 and a 12-month high of $3.32. The stock has a 50-day simple moving average of $2.34 and a 200 day simple moving average of $1.99. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $72.65 million, a price-to-earnings ratio of 148.65 and a beta of 1.08.

DHI Group (NYSE:DHX) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, research analysts anticipate that DHI Group will post 0.11 earnings per share for the current fiscal year.

DHI Group declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, January 21st that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 4.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at DHI Group

In other news, Director Kathleen M. Swann sold 10,000 shares of DHI Group stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $2.96, for a total value of $29,600.00. Following the transaction, the director now directly owns 118,113 shares in the company, valued at approximately $349,614.48. The trade was a 7.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 13,700 shares of company stock worth $37,175 over the last ninety days. Company insiders own 15.80% of the company’s stock.

Institutional Trading of DHI Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DHX. Northern Trust Corp boosted its stake in shares of DHI Group by 7.0% in the 4th quarter. Northern Trust Corp now owns 77,687 shares of the technology company’s stock valued at $138,000 after purchasing an additional 5,090 shares during the last quarter. Picton Mahoney Asset Management lifted its holdings in DHI Group by 92.1% in the fourth quarter. Picton Mahoney Asset Management now owns 17,618 shares of the technology company’s stock valued at $31,000 after buying an additional 8,449 shares during the period. Geode Capital Management LLC boosted its stake in 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 last quarter. XTX Topco Ltd acquired a new stake in DHI Group during the 4th quarter worth $25,000. Finally, NewEdge Advisors LLC bought a new stake in shares of DHI Group during the 4th quarter valued at $32,000. 69.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Barrington Research reissued an “outperform” rating and set a $7.00 target price on shares of DHI Group in a research report on Friday, March 21st.

DHI Group Company 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.