Pacific Ridge Capital Partners LLC Sells 126,804 Shares of DHI Group, Inc. (NYSE:DHX)

Key Points

• Pacific Ridge Capital Partners LLC reduced its stake in DHI Group, Inc. by 3.9%, selling 126,804 shares and now holding approximately 6.44% of the company, valued at $4.32 million.
• Analysts from Wall Street Zen downgraded DHI Group's rating from "buy" to "hold," indicating a more cautious outlook for the stock.
• DHI Group reported earnings of $0.04 per share, surpassing expectations, with revenue of $32.30 million for the quarter, in contrast to analyst estimates of $32.23 million.

Pacific Ridge Capital Partners LLC cut its stake in DHI Group, Inc. (NYSE:DHX - Free Report) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,111,143 shares of the technology company's stock after selling 126,804 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 6.44% of DHI Group worth $4,324,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. AWM Investment Company Inc. grew its stake in shares of DHI Group by 17.2% in the fourth quarter. AWM Investment Company Inc. now owns 681,000 shares of the technology company's stock valued at $1,205,000 after acquiring an additional 100,000 shares in the last quarter. CWC Advisors LLC. grew its stake in shares of DHI Group by 32.8% in the first quarter. CWC Advisors LLC. now owns 235,603 shares of the technology company's stock valued at $327,000 after acquiring an additional 58,137 shares in the last quarter. Northern Trust Corp grew its stake in shares of DHI Group by 7.0% in the fourth quarter. Northern Trust Corp now owns 77,687 shares of the technology company's stock valued at $138,000 after acquiring an additional 5,090 shares in the last quarter. Kazazian Asset Management LLC acquired a new position in shares of DHI Group in the first quarter valued at about $78,000. Finally, Ritholtz Wealth Management acquired a new stake in DHI Group during the first quarter worth about $37,000. 69.26% of the stock is owned by institutional investors.

DHI Group Price Performance

DHI Group stock traded up $0.15 during trading hours on Tuesday, reaching $2.84. 27,276 shares of the stock were exchanged, compared to its average volume of 144,286. The company has a market cap of $138.21 million, a P/E ratio of -16.68 and a beta of 1.48. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.32. DHI Group, Inc. has a twelve month low of $1.21 and a twelve month high of $3.34. The stock has a 50 day moving average of $2.67 and a two-hundred day moving average of $2.23.

DHI Group (NYSE:DHX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.03. DHI Group had a negative net margin of 5.49% and a positive return on equity of 9.22%. The company had revenue of $32.30 million for the quarter, compared to the consensus estimate of $32.23 million. Equities analysts expect that DHI Group, Inc. will post 0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of DHI Group from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.

About DHI Group

DHI Group, Inc provides data, insights, and employment connections through specialized services for technology professionals and other select online communities in the United States. Its solutions include talent profiles; job postings; employer branding; and other services comprising virtual and live career events, sourcing services, and content and data services that provides tailored content to help professionals manage their careers and provide employers insight into recruiting strategies and trends.