Clarus Securities Reaffirms Buy Rating for DHX Media Ltd. (DHXM)

Clarus Securities restated their buy rating on shares of DHX Media Ltd. (NASDAQ:DHXM) in a research note issued to investors on Thursday, May 11th.

Separately, B. Riley restated a buy rating on shares of DHX Media in a report on Thursday, May 11th. Six equities research analysts have rated the stock with a buy rating, DHX Media currently has an average rating of Buy and a consensus price target of $9.13.

DHX Media (NASDAQ DHXM) opened at 4.30 on Thursday. The stock has a market capitalization of $576.18 million, a P/E ratio of 59.72 and a beta of 0.86. The company has a 50 day moving average of $4.40 and a 200 day moving average of $4.62. DHX Media has a 52 week low of $3.80 and a 52 week high of $6.30.

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The firm also recently declared a dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Friday, May 26th will be paid a $0.0139 dividend. The ex-dividend date is Wednesday, May 24th. DHX Media’s dividend payout ratio (DPR) is presently 85.71%.

Institutional investors have recently bought and sold shares of the company. Simcoe Capital Management LLC raised its position in DHX Media by 55.9% in the first quarter. Simcoe Capital Management LLC now owns 2,332,250 shares of the company’s stock valued at $9,811,000 after buying an additional 836,213 shares during the last quarter. Pembroke Management LTD raised its position in DHX Media by 9.0% in the first quarter. Pembroke Management LTD now owns 1,475,260 shares of the company’s stock valued at $8,298,000 after buying an additional 121,700 shares during the last quarter. Bard Associates Inc. raised its position in DHX Media by 0.8% in the fourth quarter. Bard Associates Inc. now owns 886,275 shares of the company’s stock valued at $4,653,000 after buying an additional 6,700 shares during the last quarter. Diker Management LLC raised its position in DHX Media by 2.6% in the third quarter. Diker Management LLC now owns 181,400 shares of the company’s stock valued at $950,000 after buying an additional 4,600 shares during the last quarter. Finally, Boothbay Fund Management LLC purchased a new position in DHX Media during the fourth quarter valued at about $244,000. 0.13% of the stock is currently owned by hedge funds and other institutional investors.

About DHX Media

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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