Nantahala Capital Management LLC Makes New Investment in DHI Group, Inc. $DHX

Key Points

• Nantahala Capital Management acquired 2.37 million DHI Group shares worth approximately $8.8 million, giving it a 5.47% stake. Institutional investors collectively own 69.26% of DHX.
• DHI Group reported quarterly EPS of $0.09, exceeding the $0.04 consensus estimate, while revenue of $31.34 million also surpassed expectations.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $6.75 versus the stock’s $4.07 opening price; shares have traded between $1.44 and $4.50 over the past year.

Nantahala Capital Management LLC purchased a new stake in DHI Group, Inc. (NYSE:DHX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,374,027 shares of the technology company's stock, valued at approximately $8,807,640. Nantahala Capital Management LLC owned 5.47% of DHI Group at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DHX. Cubist Systematic Strategies LLC increased its position in 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 acquiring an additional 15,089 shares during the period. Prudential Financial Inc. acquired a new position in DHI Group during the 2nd quarter worth $33,000. Invesco Ltd. acquired a new position in DHI Group during the 2nd quarter worth $45,000. Jacobs Levy Equity Management Inc. bought a new position in shares of DHI Group in the third quarter worth $49,000. Finally, NewEdge Advisors LLC grew its stake in shares of DHI Group by 122.3% in the first quarter. NewEdge Advisors LLC now owns 40,716 shares of the technology company's stock worth $57,000 after purchasing an additional 22,399 shares in the last quarter. Institutional investors own 69.26% of the company's stock.

DHI Group Stock Down 0.7%

DHX opened at $4.07 on Friday. DHI Group, Inc. has a one year low of $1.44 and a one year high of $4.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.44 and a current ratio of 0.44. The stock's fifty day moving average is $3.98 and its 200-day moving average is $3.34. The company has a market capitalization of $176.72 million, a PE ratio of 135.71 and a beta of 1.21.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen raised DHI Group from a "hold" rating to a "strong-buy" rating in a report on Saturday, May 9th. Weiss Ratings upgraded shares of DHI Group from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Wednesday, August 12th. Barrington Research reissued an "outperform" rating and set a $10.00 target price on shares of DHI Group in a research note on Monday, May 18th. Zacks Research cut shares of DHI Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 6th. Finally, B. Riley Financial boosted their price target on shares of DHI Group from $4.50 to $5.25 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $6.75.

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.

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