Pacific Ridge Capital Partners LLC Grows Position in DHI Group, Inc. (NYSE:DHX)

Pacific Ridge Capital Partners LLC lifted its position in DHI Group, Inc. (NYSE:DHX) by 9.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,237,947 shares of the technology company’s stock after purchasing an additional 280,699 shares during the period. DHI Group comprises approximately 1.3% of Pacific Ridge Capital Partners LLC’s portfolio, making the stock its 27th biggest holding. Pacific Ridge Capital Partners LLC owned about 0.07% of DHI Group worth $5,731,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in DHI Group by 86.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,659 shares of the technology company’s stock worth $113,000 after acquiring an additional 28,552 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of DHI Group by 2.3% in the third quarter. Geode Capital Management LLC now owns 379,424 shares of the technology company’s stock worth $698,000 after purchasing an additional 8,547 shares during the last quarter. Tieton Capital Management LLC raised its position in DHI Group by 24.3% during the 4th quarter. Tieton Capital Management LLC now owns 3,008,584 shares of the technology company’s stock valued at $5,325,000 after purchasing an additional 587,376 shares during the last quarter. Royce & Associates LP raised its position in DHI Group by 2.7% during the 4th quarter. Royce & Associates LP now owns 3,450,934 shares of the technology company’s stock valued at $6,108,000 after purchasing an additional 91,786 shares during the last quarter. Finally, Picton Mahoney Asset Management lifted its holdings in DHI Group by 92.1% in the 4th quarter. Picton Mahoney Asset Management now owns 17,618 shares of the technology company’s stock worth $31,000 after buying an additional 8,449 shares during the period. 69.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Barrington Research restated an “outperform” rating and set a $7.00 target price on shares of DHI Group in a report on Friday, March 21st.

DHI Group Price Performance

Shares of NYSE DHX opened at $1.53 on Thursday. DHI Group, Inc. has a 1 year low of $1.32 and a 1 year high of $3.32. The stock has a market capitalization of $74.61 million, a P/E ratio of 152.65 and a beta of 1.08. The company’s 50-day moving average is $2.37 and its 200 day moving average is $1.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.47 and a quick ratio of 0.47.

DHI Group (NYSE:DHX) last posted its earnings results on Wednesday, February 5th. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. DHI Group had a return on equity of 9.21% and a net margin of 0.18%. On average, sell-side analysts expect that DHI Group, Inc. will post 0.11 earnings per share for the current year.

DHI Group announced that its board has approved a stock repurchase program on Tuesday, January 21st that allows the company to buyback $5.00 million in outstanding shares. This buyback authorization allows the technology company to buy up to 4.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Kathleen M. Swann sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $2.96, for a total value of $29,600.00. Following the sale, the director now directly owns 118,113 shares of the company’s stock, valued at $349,614.48. This represents a 7.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 15,200 shares of company stock worth $39,830. 15.80% of the stock is owned by corporate insiders.

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.