Assenagon Asset Management S.A. Sells 6,250 Shares of DHI Group, Inc. (NYSE:DHX)

Assenagon Asset Management S.A. trimmed its position in DHI Group, Inc. (NYSE:DHX) by 14.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,475 shares of the technology company’s stock after selling 6,250 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.08% of DHI Group worth $65,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Pacific Ridge Capital Partners LLC raised its position in shares of DHI Group by 50.9% during the 2nd 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 in the last quarter. CWC Advisors LLC. bought a new position in shares of DHI Group during the third quarter valued at about $327,000. Royce & Associates LP boosted its holdings in shares of DHI Group by 5.5% during the third quarter. Royce & Associates LP now owns 3,359,148 shares of the technology company’s stock worth $6,181,000 after purchasing an additional 174,010 shares during the period. Nantahala Capital Management LLC grew its stake in shares of DHI Group by 5.1% in the second quarter. Nantahala Capital Management LLC now owns 2,066,417 shares of the technology company’s stock worth $4,319,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in DHI Group during the 2nd quarter valued at approximately $125,000. Hedge funds and other institutional investors own 69.26% of the company’s stock.

Wall Street Analysts Forecast Growth

DHX has been the subject of several research reports. Barrington Research restated an “outperform” rating and issued a $7.00 price objective on shares of DHI Group in a report on Thursday, November 21st. B. Riley decreased their price target on shares of DHI Group from $4.00 to $3.50 and set a “buy” rating for the company in a research note on Wednesday, November 13th.

DHI Group Price Performance

Shares of DHI Group stock opened at $2.56 on Friday. The stock has a market cap of $123.72 million, a P/E ratio of 64.02 and a beta of 1.07. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.42 and a current ratio of 0.42. The stock’s fifty day moving average is $1.93 and its 200 day moving average is $1.86. DHI Group, Inc. has a one year low of $1.45 and a one year high of $2.98.

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

DHI Group Company Profile

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.