Assenagon Asset Management S.A. Trims Position in DHI Group, Inc. (NYSE:DHX)

Assenagon Asset Management S.A. trimmed its stake in DHI Group, Inc. (NYSE:DHX) by 14.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 36,475 shares of the technology company’s stock after selling 6,250 shares during the period. Assenagon Asset Management S.A.’s holdings in DHI Group were worth $65,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DHX. Pacific Ridge Capital Partners LLC increased its stake in shares of DHI Group by 50.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 2,495,095 shares of the technology company’s stock valued at $5,215,000 after buying an additional 841,350 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in DHI Group by 86.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,659 shares of the technology company’s stock valued at $113,000 after purchasing an additional 28,552 shares during the period. Geode Capital Management LLC increased its position in DHI Group by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 379,424 shares of the technology company’s stock valued at $698,000 after purchasing an additional 8,547 shares during the period. Nantahala Capital Management LLC raised its holdings in shares of DHI Group by 5.1% in the 2nd quarter. Nantahala Capital Management LLC now owns 2,066,417 shares of the technology company’s stock valued at $4,319,000 after purchasing an additional 100,000 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its position in shares of DHI Group by 35.6% in the 3rd quarter. GSA Capital Partners LLP now owns 225,353 shares of the technology company’s stock worth $415,000 after purchasing an additional 59,155 shares during the period. 69.26% of the stock is currently owned by institutional investors.

DHI Group Price Performance

NYSE:DHX opened at $2.56 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.42 and a quick ratio of 0.42. The company has a 50 day moving average price of $1.93 and a 200-day moving average price of $1.86. DHI Group, Inc. has a 1-year low of $1.45 and a 1-year high of $2.98. The firm has a market cap of $123.72 million, a price-to-earnings ratio of 64.02 and a beta of 1.07.

DHI Group declared that its board has approved a stock buyback plan on Tuesday, January 21st that permits the company to repurchase $5.00 million in shares. This repurchase authorization permits the technology company to purchase up to 4.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have issued reports on the company. B. Riley dropped their target price on DHI Group from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Barrington Research restated an “outperform” rating and set a $7.00 price objective on shares of DHI Group in a research note on Thursday, November 21st.

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.