BlackRock Inc. Acquires New Position in DHI Group, Inc. $DHX

Key Points

• BlackRock acquired 817,543 shares of DHI Group during the second quarter, valued at approximately $3.03 million and representing about 1.89% of the company. Institutional investors collectively own 69.26% of DHX.
• DHI Group reported quarterly EPS of $0.09, beating the $0.04 consensus estimate, while revenue of $31.34 million also exceeded expectations.
• Analyst sentiment is generally positive, with an average rating of “Moderate Buy” and a consensus price target of $6.75 versus the stock’s recent $4.53 price.

BlackRock Inc. acquired a new stake in DHI Group, Inc. (NYSE:DHX - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 817,543 shares of the technology company's stock, valued at approximately $3,033,000. BlackRock Inc. owned approximately 1.89% of DHI Group at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DHX. Cubist Systematic Strategies LLC lifted its holdings in shares of DHI Group by 258.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company's stock valued at $29,000 after buying an additional 15,089 shares during the period. NewEdge Advisors LLC grew its holdings in DHI Group by 122.3% during the first quarter. NewEdge Advisors LLC now owns 40,716 shares of the technology company's stock worth $57,000 after acquiring an additional 22,399 shares during the period. Goldman Sachs Group Inc. grew its holdings in DHI Group by 37.6% during the first quarter. Goldman Sachs Group Inc. now owns 316,808 shares of the technology company's stock worth $440,000 after acquiring an additional 86,631 shares during the period. Jane Street Group LLC raised its position in DHI Group by 229.4% in the first quarter. Jane Street Group LLC now owns 96,005 shares of the technology company's stock worth $133,000 after acquiring an additional 66,861 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in DHI Group by 1.2% in the second quarter. Geode Capital Management LLC now owns 361,314 shares of the technology company's stock worth $1,073,000 after acquiring an additional 4,188 shares in the last quarter. Institutional investors and hedge funds own 69.26% of the company's stock.

DHI Group Trading Down 1.1%

Shares of DHX opened at $4.53 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a 50 day simple moving average of $4.06 and a 200-day simple moving average of $3.41. DHI Group, Inc. has a 1-year low of $1.44 and a 1-year high of $4.79. The stock has a market cap of $196.69 million, a price-to-earnings ratio of 151.05 and a beta of 1.19.

DHI Group (NYSE:DHX - Get Free Report) last posted its earnings results on Wednesday, August 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.05. The firm had revenue of $31.34 million for the quarter, compared to analyst estimates of $30.88 million. DHI Group had a return on equity of 13.01% and a net margin of 0.97%. Equities analysts forecast that DHI Group, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DHX. Lake Street Capital raised shares of DHI Group from a "hold" rating to a "buy" rating and set a $5.00 price target on the stock in a research note on Thursday, August 6th. Zacks Research downgraded shares of DHI Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 6th. Wall Street Zen upgraded shares of DHI Group from a "hold" rating to a "strong-buy" rating in a research report on Saturday, May 9th. B. Riley Financial increased their target price on shares of DHI Group from $4.50 to $5.25 and gave the company a "buy" rating in a report on Thursday, August 6th. Finally, Barrington Research reiterated an "outperform" rating and set a $10.00 price target on shares of DHI Group in a research report on Monday, May 18th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, DHI Group presently has an average rating of "Moderate Buy" and a consensus target price of $6.75.

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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