ClariVest Asset Management LLC boosted its position in shares of DHI Group, Inc. (NYSE:DHX) by 16.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 533,795 shares of the technology company’s stock after purchasing an additional 75,700 shares during the quarter. ClariVest Asset Management LLC owned 1.06% of DHI Group worth $855,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Schwab Charles Investment Management Inc. grew its holdings in DHI Group by 12.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 467,925 shares of the technology company’s stock valued at $749,000 after purchasing an additional 51,300 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in DHI Group by 68.9% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 254,110 shares of the technology company’s stock valued at $483,000 after buying an additional 103,670 shares in the last quarter. Millennium Management LLC lifted its stake in DHI Group by 36.1% in the fourth quarter. Millennium Management LLC now owns 552,880 shares of the technology company’s stock valued at $1,050,000 after buying an additional 146,671 shares in the last quarter. Stone Ridge Asset Management LLC bought a new position in DHI Group in the fourth quarter valued at approximately $254,000. Finally, Guggenheim Capital LLC lifted its stake in DHI Group by 6,868.5% in the fourth quarter. Guggenheim Capital LLC now owns 1,742,471 shares of the technology company’s stock valued at $3,311,000 after buying an additional 1,717,466 shares in the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.
Shares of DHI Group opened at $1.85 on Tuesday, according to MarketBeat. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.53 and a current ratio of 0.53. DHI Group, Inc. has a twelve month low of $1.25 and a twelve month high of $3.05. The company has a market capitalization of $98.24 million, a price-to-earnings ratio of 11.88 and a beta of 0.84.
DHI Group (NYSE:DHX) last announced its quarterly earnings results on Tuesday, May 8th. The technology company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.03). DHI Group had a net margin of 9.12% and a return on equity of 5.87%. The company had revenue of $43.07 million during the quarter, compared to the consensus estimate of $42.89 million. During the same period in the previous year, the firm posted $0.04 EPS. analysts anticipate that DHI Group, Inc. will post 0.17 earnings per share for the current year.
DHI Group announced that its Board of Directors has approved a share buyback program on Tuesday, May 8th that allows the company to repurchase $7.00 million in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 10.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of DHI Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 10th. B. Riley set a $2.00 price target on shares of DHI Group and gave the company a “hold” rating in a research note on Wednesday, May 9th. Finally, ValuEngine raised shares of DHI Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th.
DHI Group Profile
DHI Group, Inc provides data, insights, and connections services to professional communities in the United States and internationally. The company operates Dice that offers job postings of technology and non-technology companies for industries, such as positions for software engineers, big data professionals, systems administrators, database specialists, project managers, and other technology and engineering professionals; and ClearanceJobs, an Internet-based career network, which matches security-cleared professionals with hiring companies searching for employees.
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