DHI Group (NYSE:DHX) Shares Pass Above 200-Day Moving Average – What’s Next?

DHI Group, Inc. (NYSE:DHX) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.49 and traded as high as $3.60. DHI Group shares last traded at $3.4110, with a volume of 181,716 shares.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DHX shares. Lake Street Capital reissued a “hold” rating and set a $3.00 price target on shares of DHI Group in a report on Wednesday, May 6th. Zacks Research lowered DHI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Barrington Research restated an “outperform” rating and issued a $10.00 price objective on shares of DHI Group in a research report on Monday, May 18th. Weiss Ratings downgraded shares of DHI Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. Finally, B. Riley Financial started coverage on shares of DHI Group in a research report on Thursday, May 14th. They issued a “buy” rating and a $4.50 price objective for the company. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, DHI Group has an average rating of “Hold” and a consensus price target of $5.83.

DHI Group Stock Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market cap of $159.80 million, a price-to-earnings ratio of -73.97 and a beta of 1.25. The stock’s 50-day moving average is $3.29 and its 200 day moving average is $2.52.

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

Insider Transactions at DHI Group

In related news, Director Joseph G. Massaquoi, Jr. sold 26,611 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $3.09, for a total value of $82,227.99. Following the completion of the sale, the director owned 137,653 shares in the company, valued at $425,347.77. This trade represents a 16.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 DHI Group stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $3.83, for a total transaction of $76,600.00. Following the sale, 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 disclosure for this sale is available in the SEC filing. 16.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On DHI Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pacific Ridge Capital Partners LLC lifted its position in shares of DHI Group by 10.6% during the 4th 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 position in shares of DHI Group by 1.0% during the 4th 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 position in shares of DHI Group by 13.6% during the 4th 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. lifted its position in shares of DHI Group by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,961,064 shares of the technology company’s stock valued at $5,452,000 after acquiring an additional 65,462 shares during the period. Finally, Kennedy Capital Management LLC lifted its position in shares of DHI Group by 117.5% during the 4th quarter. Kennedy Capital Management LLC now owns 1,828,888 shares of the technology company’s stock valued at $2,835,000 after acquiring an additional 988,188 shares during the period. 69.26% of the stock is currently owned by institutional investors and hedge funds.

About DHI Group

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.