DHI Group (NYSE:DHX) Stock Passes Above 200 Day Moving Average – Time to Sell?

DHI Group, Inc. (NYSE:DHX) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.34 and traded as high as $3.71. DHI Group shares last traded at $3.6630, with a volume of 176,990 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DHX. Lake Street Capital restated a “hold” rating and set a $3.00 price objective on shares of DHI Group in a research report on Wednesday, May 6th. Weiss Ratings cut DHI Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. Zacks Research cut DHI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. B. Riley Financial began coverage on DHI Group in a research report on Thursday, May 14th. They set a “buy” rating and a $4.50 price objective on the stock. Finally, Wall Street Zen upgraded DHI Group from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.83.

DHI Group Trading Down 4.0%

The company has a 50 day moving average of $3.07 and a 200 day moving average of $2.35. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.36. The firm has a market cap of $152.28 million, a price-to-earnings ratio of -70.49 and a beta of 1.11.

DHI Group (NYSE:DHX) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. The business had revenue of $29.69 million for the quarter, compared to analyst estimates of $29.05 million. DHI Group had a positive return on equity of 11.60% and a negative net margin of 1.78%. As a group, research analysts anticipate that DHI Group, Inc. will post 0.24 EPS for the current year.

DHI Group declared that its board has approved a share repurchase program on Wednesday, February 4th that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 12.6% of its shares through open market purchases. Shares repurchase programs are usually 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 20,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $739,779.82. The trade was a 9.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph G. Massaquoi, Jr. sold 26,611 shares of the business’s stock in a transaction 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 completion of 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DHI Group

Several large investors have recently made changes to their positions in the company. Pacific Ridge Capital Partners LLC lifted its stake in shares of DHI Group by 10.6% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 3,438,349 shares of the technology company’s stock valued at $5,329,000 after acquiring an additional 329,214 shares during the period. Tieton Capital Management LLC lifted its stake in shares of DHI Group by 1.0% during the fourth quarter. Tieton Capital Management LLC now owns 3,042,649 shares of the technology company’s stock valued at $4,716,000 after acquiring an additional 31,100 shares during the period. Renaissance Technologies LLC lifted its stake in shares of DHI Group by 13.6% during the fourth quarter. Renaissance Technologies LLC now owns 2,187,229 shares of the technology company’s stock valued at $3,390,000 after acquiring an additional 262,300 shares during the period. Vanguard Group Inc. increased its holdings in DHI Group by 3.5% in the third quarter. Vanguard Group Inc. now owns 1,961,064 shares of the technology company’s stock valued at $5,452,000 after purchasing an additional 65,462 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its holdings in DHI Group by 117.5% in the fourth 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 last quarter. Institutional investors and hedge funds own 69.26% of the company’s stock.

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.