Shares of DHX Media Ltd (NASDAQ:DHXM) have received a consensus recommendation of “Buy” from the six brokerages that are currently covering the firm. Six investment analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have covered the stock in the last year is $9.13.
Several equities research analysts recently weighed in on DHXM shares. Canaccord Genuity restated a “buy” rating on shares of DHX Media in a research note on Monday, December 19th. B. Riley started coverage on DHX Media in a research note on Thursday. They set a “buy” rating for the company. They noted that the move was a valuation call.
A number of large investors have recently modified their holdings of the stock. Boothbay Fund Management LLC purchased a new stake in shares of DHX Media during the fourth quarter worth $244,000. Bard Associates Inc. boosted its stake in shares of DHX Media by 0.8% in the fourth quarter. Bard Associates Inc. now owns 886,275 shares of the company’s stock worth $4,653,000 after buying an additional 6,700 shares in the last quarter. Simcoe Capital Management LLC purchased a new stake in shares of DHX Media during the fourth quarter worth $7,865,000. Diker Management LLC boosted its stake in shares of DHX Media by 2.6% in the third quarter. Diker Management LLC now owns 181,400 shares of the company’s stock worth $950,000 after buying an additional 4,600 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of DHX Media by 6.6% in the third quarter. Bank of Montreal Can now owns 26,140 shares of the company’s stock worth $135,000 after buying an additional 1,628 shares in the last quarter.
Shares of DHX Media (NASDAQ:DHXM) opened at 4.05 on Friday. The firm has a market cap of $542.40 million, a PE ratio of 45.51 and a beta of 1.10. DHX Media has a 52 week low of $3.80 and a 52 week high of $7.40. The stock’s 50 day moving average is $4.34 and its 200-day moving average is $5.01.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 17th. Shareholders of record on Friday, February 24th were paid a $0.0145 dividend. The ex-dividend date of this dividend was Wednesday, February 22nd. This represents a $0.06 dividend on an annualized basis and a yield of 1.43%. This is a boost from DHX Media’s previous quarterly dividend of $0.01. DHX Media’s payout ratio is currently 55.56%.
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DHX Media Company Profile
DHX Media Ltd. is a creator, producer, distributor, licensor and broadcaster of kids and family television and film productions. The Company develops, produces and distributes films and television programs for the domestic and international market, broadcasts films and television programs for the domestic markets, as well, the Company manages copyrights, licensing and brands for third parties.
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