Tieton Capital Management LLC Acquires Shares of 3,165,444 DHI Group, Inc. $DHX

Key Points

• Tieton Capital Management acquired 3.17 million DHI Group shares worth approximately $11.7 million, giving it a 7.33% stake and making DHX its 12th-largest holding. Institutional investors collectively own 69.26% of the company.
• Analyst sentiment is generally positive: DHI Group has a “Moderate Buy” consensus rating and an average price target of $6.75, compared with a recent share price of $4.23.
• DHI Group exceeded quarterly expectations, reporting adjusted earnings of $0.09 per share versus the $0.04 consensus and revenue of $31.34 million versus estimates of $30.88 million.

Tieton Capital Management LLC acquired a new stake in shares of DHI Group, Inc. (NYSE:DHX - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,165,444 shares of the technology company's stock, valued at approximately $11,744,000. DHI Group comprises about 3.4% of Tieton Capital Management LLC's portfolio, making the stock its 12th largest holding. Tieton Capital Management LLC owned about 7.33% of DHI Group as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Prudential Financial Inc. bought a new stake in shares of DHI Group in the second quarter worth about $33,000. Invesco Ltd. bought a new position in DHI Group during the 2nd quarter valued at approximately $45,000. Jacobs Levy Equity Management Inc. bought a new position in DHI Group during the 3rd quarter valued at approximately $49,000. Cubist Systematic Strategies LLC lifted its holdings 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 worth $29,000 after buying an additional 15,089 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in DHI Group by 1,940.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,078 shares of the technology company's stock worth $59,000 after buying an additional 20,045 shares during the period. 69.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. 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. B. Riley Financial lifted their price target 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. Weiss Ratings raised shares of DHI Group from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Wednesday, August 12th. Wall Street Zen upgraded shares of DHI Group from a "hold" rating to a "strong-buy" rating in a report on Saturday, May 9th. Finally, Zacks Research cut shares of DHI Group from a "strong-buy" rating to a "hold" 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 company. According to data from MarketBeat, DHI Group presently has an average rating of "Moderate Buy" and an average price target of $6.75.

DHI Group Price Performance

DHX opened at $4.23 on Thursday. The stock has a fifty day simple moving average of $3.90 and a two-hundred day simple moving average of $3.23. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.34. The company has a market cap of $183.75 million, a price-to-earnings ratio of 141.11 and a beta of 1.21. DHI Group, Inc. has a 12-month low of $1.44 and a 12-month high of $4.50.

DHI Group (NYSE:DHX - Get Free Report) last announced its earnings results on Wednesday, August 5th. The technology company reported $0.09 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 analysts' expectations of $30.88 million. DHI Group had a net margin of 0.97% and a return on equity of 13.01%. Research analysts predict that DHI Group, Inc. will post 0.27 earnings per share for the current fiscal year.

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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