DHX Media Ltd (DHXM) Receives $9.00 Consensus Price Target from Brokerages

Shares of DHX Media Ltd (NASDAQ:DHXM) have been given a consensus rating of “Hold” by the five ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company.

Several brokerages have recently issued reports on DHXM. Canaccord Genuity cut DHX Media from a “buy” rating to a “hold” rating in a research report on Friday, September 29th. National Bank Financial cut DHX Media from an “outperform” rating to a “sector perform” rating in a research report on Thursday, September 28th. Finally, Royal Bank Of Canada cut DHX Media from an “outperform” rating to a “sector perform” rating in a research report on Thursday, September 28th.

Several hedge funds have recently modified their holdings of DHXM. Pembroke Management LTD increased its position in shares of DHX Media by 10.9% during the 2nd quarter. Pembroke Management LTD now owns 1,636,660 shares of the company’s stock valued at $9,378,000 after purchasing an additional 161,400 shares during the period. Deprince Race & Zollo Inc. acquired a new position in shares of DHX Media during the 2nd quarter valued at $619,000. Cidel Asset Management Inc. increased its position in shares of DHX Media by 0.7% during the 2nd quarter. Cidel Asset Management Inc. now owns 153,600 shares of the company’s stock valued at $678,000 after purchasing an additional 1,000 shares during the period. Bard Associates Inc. increased its position in shares of DHX Media by 0.4% during the 2nd quarter. Bard Associates Inc. now owns 884,972 shares of the company’s stock valued at $3,894,000 after purchasing an additional 3,525 shares during the period. Finally, Northern Right Capital Management L.P. increased its position in shares of DHX Media by 72.8% during the 2nd quarter. Northern Right Capital Management L.P. now owns 2,110,700 shares of the company’s stock valued at $9,287,000 after purchasing an additional 889,100 shares during the period.

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Shares of DHX Media (NASDAQ:DHXM) traded up $0.05 during trading on Friday, reaching $3.15. The company’s stock had a trading volume of 30,781 shares, compared to its average volume of 47,725. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.65 and a current ratio of 1.65. DHX Media has a 52-week low of $2.95 and a 52-week high of $6.30.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Tuesday, November 28th will be given a dividend of $0.0158 per share. This represents a $0.06 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Monday, November 27th. DHX Media’s dividend payout ratio (DPR) is presently 300.00%.

DHX Media Company Profile

DHX Media Ltd is a Canada-based 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.

Analyst Recommendations for DHX Media (NASDAQ:DHXM)

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