DHI Group (NYSE:DHX) Receives Outperform Rating from Barrington Research

Key Points

• Barrington Research reaffirmed an Outperform rating on DHI Group and set a $10.00 target, implying roughly a 292.93% upside from the stock's previous close.
• The board approved a $10.0 million share buyback program that could repurchase up to 12.6% of outstanding shares, signaling management believes the stock is undervalued.
• DHI opened recently at $2.55 (52-week range $1.21–$3.34) with a market cap of about $111.7M; analysts' consensus is a Hold with an average price target of $6.25.

DHI Group (NYSE:DHX - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities researchers at Barrington Research in a note issued to investors on Monday,Benzinga reports. They presently have a $10.00 target price on the technology company's stock. Barrington Research's price objective points to a potential upside of 292.93% from the stock's previous close.

Other equities analysts also recently issued reports about the stock. Zacks Research downgraded shares of DHI Group from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. Weiss Ratings reiterated a "sell (d)" rating on shares of DHI Group in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $6.25.

DHI Group Trading Up 6.5%

NYSE:DHX opened at $2.55 on Monday. DHI Group has a 52 week low of $1.21 and a 52 week high of $3.34. The firm has a 50-day moving average price of $2.68 and a two-hundred day moving average price of $2.15. The firm has a market cap of $111.72 million, a price-to-earnings ratio of -8.47 and a beta of 1.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.44 and a current ratio of 0.44.

DHI Group declared that its board has approved a stock buyback program on Wednesday, February 4th that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 12.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Institutional Investors Weigh In On DHI Group

A number of large investors have recently made changes to their positions in the business. Pacific Ridge Capital Partners LLC increased its position 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 buying an additional 329,214 shares during the period. Tieton Capital Management LLC grew its stake in DHI Group by 1.0% in the fourth quarter. Tieton Capital Management LLC now owns 3,042,649 shares of the technology company's stock worth $4,716,000 after purchasing an additional 31,100 shares during the period. Renaissance Technologies LLC raised its holdings in DHI Group by 13.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,187,229 shares of the technology company's stock worth $3,390,000 after purchasing an additional 262,300 shares in the last quarter. Vanguard Group Inc. lifted its position in DHI Group by 3.5% during the third quarter. Vanguard Group Inc. now owns 1,961,064 shares of the technology company's stock valued at $5,452,000 after buying an additional 65,462 shares during the period. Finally, Kennedy Capital Management LLC boosted its holdings 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 buying an additional 988,188 shares in the last quarter. 69.26% of the stock is currently owned by institutional investors.

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.

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