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

DHI Group, Inc. (NYSE:DHX - Get Free Report) was the recipient of a large decrease in short interest during 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 daily trading volume, of 177,100 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the shares of the stock are short sold.

Insider Transactions at DHI Group

In other DHI Group news, Director Kathleen M. Swann sold 10,000 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $2.96, for a total transaction of $29,600.00. Following the sale, the director now owns 118,113 shares in the company, valued at $349,614.48. This trade represents a 7.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 13,700 shares of company stock valued at $37,175 in the last quarter. Insiders own 15.80% of the company's stock.

Institutional Investors Weigh In On DHI Group

Institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd bought a new position in DHI Group in the fourth quarter worth about $25,000. Picton Mahoney Asset Management raised its position in shares of DHI Group by 92.1% in the 4th quarter. Picton Mahoney Asset Management now owns 17,618 shares of the technology company's stock worth $31,000 after acquiring an additional 8,449 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of DHI Group in the 4th quarter valued at approximately $32,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of DHI Group by 86.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,659 shares of the technology company's stock valued at $113,000 after purchasing an additional 28,552 shares during the period. Finally, Northern Trust Corp boosted its position in shares of DHI Group by 7.0% during the fourth 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 in the last quarter. 69.26% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Separately, Barrington Research reissued an "outperform" rating and set a $7.00 price objective on shares of DHI Group in a research note on Friday, March 21st.

DHI Group Trading Down 4.2 %

Shares of DHX stock traded down $0.06 during mid-day trading on Tuesday, reaching $1.33. The stock had a trading volume of 114,088 shares, compared to its average volume of 200,762. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.28. The stock's 50-day moving average price is $2.31 and its two-hundred day moving average price is $1.99. The firm has a market capitalization of $64.36 million, a PE ratio of 133.23 and a beta of 1.08. DHI Group has a 52-week low of $1.32 and a 52-week high of $3.32.

DHI Group (NYSE:DHX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.04. DHI Group had a return on equity of 9.21% and a net margin of 0.18%. Equities analysts expect that DHI Group will post 0.11 earnings per share for the current fiscal year.

DHI Group declared that its Board of Directors has approved a stock buyback program on Tuesday, January 21st that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 4.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are undervalued.

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.