Wells Fargo & Company MN reduced its holdings in shares of DHI Group Inc (NYSE:DHX) by 56.8% in the second quarter, Holdings Channel.com reports. The fund owned 55,989 shares of the technology company’s stock after selling 73,631 shares during the quarter. Wells Fargo & Company MN’s holdings in DHI Group were worth $200,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of DHX. Hillsdale Investment Management Inc. increased its holdings in DHI Group by 5,062.6% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 469,800 shares of the technology company’s stock worth $1,677,000 after purchasing an additional 460,700 shares during the period. Punch & Associates Investment Management Inc. increased its holdings in DHI Group by 76.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 638,100 shares of the technology company’s stock worth $1,551,000 after purchasing an additional 275,600 shares during the period. Strs Ohio purchased a new position in DHI Group during the 2nd quarter worth $513,000. CIBC Private Wealth Group LLC purchased a new position in DHI Group during the 2nd quarter worth $262,000. Finally, Stone Ridge Asset Management LLC purchased a new position in DHI Group during the 2nd quarter worth $103,000. 74.17% of the stock is owned by hedge funds and other institutional investors.
Several research firms have commented on DHX. ValuEngine downgraded DHI Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. Zacks Investment Research downgraded DHI Group from a “hold” rating to a “sell” rating in a report on Friday. Finally, TheStreet upgraded DHI Group from a “c” rating to a “b-” rating in a report on Friday, August 2nd.
DHI Group (NYSE:DHX) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $37.36 million for the quarter, compared to analysts’ expectations of $37.96 million. DHI Group had a return on equity of 7.07% and a net margin of 5.63%. Equities analysts anticipate that DHI Group Inc will post 0.21 earnings per share for the current year.
About DHI Group
DHI Group, Inc provides data, insights, and employment connections through specialized services for technology professionals in the United States and internationally. The company operates Dice that offers job postings of technology and non-technology companies for industries, such as positions for software engineers, big data professionals, systems administrators, database specialists, project managers, and other technology and engineering professionals; and ClearanceJobs, an Internet-based career network, which matches security-cleared professionals with hiring companies searching for employees.
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