Other equities analysts have also recently issued research reports about the company. TD Securities reissued a buy rating and set a $9.50 price target on shares of DHX Media in a report on Sunday, September 4th. RBC Capital Markets reissued an outperform rating and set a $10.00 price target on shares of DHX Media in a report on Friday, September 23rd. Seven research analysts have rated the stock with a buy rating, DHX Media presently has an average rating of Buy and an average price target of $10.00.
Shares of DHX Media (NASDAQ:DHXM) opened at 5.44 on Friday. The stock’s 50 day moving average price is $5.76 and its 200-day moving average price is $5.49. DHX Media has a 52-week low of $4.56 and a 52-week high of $7.40. The firm has a market cap of $727.73 million and a price-to-earnings ratio of 32.77.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Tuesday, October 11th will be given a dividend of $0.0138 per share. The ex-dividend date is Thursday, October 6th. This represents a $0.06 dividend on an annualized basis and a yield of 1.01%. This is a positive change from DHX Media’s previous quarterly dividend of $0.01.
Large investors have recently modified their holdings of the company. Pembroke Management LTD raised its stake in DHX Media by 0.7% in the second quarter. Pembroke Management LTD now owns 1,696,660 shares of the company’s stock worth $11,231,000 after buying an additional 12,500 shares during the period. Bank of Montreal Can bought a new stake in DHX Media during the second quarter worth approximately $126,000. Cidel Asset Management Inc. raised its stake in DHX Media by 0.9% in the second quarter. Cidel Asset Management Inc. now owns 75,600 shares of the company’s stock worth $385,000 after buying an additional 700 shares during the period. Sprott Inc. raised its stake in DHX Media by 42.4% in the second quarter. Sprott Inc. now owns 712,000 shares of the company’s stock worth $3,660,000 after buying an additional 212,000 shares during the period. Finally, FMR LLC raised its stake in DHX Media by 8.4% in the second quarter. FMR LLC now owns 779,710 shares of the company’s stock worth $3,995,000 after buying an additional 60,560 shares during the period.
About DHX Media
DHX Media Ltd. is a Canada-based children’s entertainment company. The Company’s business is producing, distributing, broadcasting and exploiting the rights for television and film programming, primarily focusing on children, youth and family productions. Its segments include its production, distribution and merchandising operations; Copyright Promotions Licensing Group (CPLG), and DHX Television.
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