DLH (NASDAQ:DLHC) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of DLH (NASDAQ:DLHC) from a hold rating to a buy rating in a research report report published on Thursday morning.

DLH Stock Up 2.5 %

DLH stock opened at $7.86 on Thursday. The stock’s 50 day moving average price is $8.18 and its 200 day moving average price is $9.41. The company has a market cap of $113.07 million, a PE ratio of 15.41 and a beta of 1.18. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.99 and a quick ratio of 0.99. DLH has a 1-year low of $7.34 and a 1-year high of $17.58.

Insider Transactions at DLH

In other news, CFO Kathryn M. Johnbull purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were acquired at an average price of $7.76 per share, for a total transaction of $77,600.00. Following the acquisition, the chief financial officer now directly owns 528,687 shares in the company, valued at approximately $4,102,611.12. The trade was a 1.93 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 21.60% of the company’s stock.

Hedge Funds Weigh In On DLH

Several hedge funds and other institutional investors have recently bought and sold shares of DLHC. Albert D Mason Inc. increased its position in shares of DLH by 1.5% in the third quarter. Albert D Mason Inc. now owns 93,559 shares of the business services provider’s stock valued at $876,000 after buying an additional 1,403 shares in the last quarter. State Street Corp increased its holdings in DLH by 3.9% during the 3rd quarter. State Street Corp now owns 111,447 shares of the business services provider’s stock valued at $1,043,000 after acquiring an additional 4,165 shares in the last quarter. Rhumbline Advisers acquired a new position in DLH during the second quarter worth about $90,000. Barclays PLC lifted its holdings in shares of DLH by 299.3% in the third quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 8,782 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of DLH by 654.8% in the third quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 12,906 shares during the last quarter. 67.25% of the stock is owned by institutional investors and hedge funds.

DLH Company Profile

DLH Holdings Corp. provides technology-enabled business process outsourcing, program management solutions, and public health research and analytics services in the United States. It offers digital transformation and cyber security solutions, including artificial intelligence and machine learning, cloud enablement, cybersecurity ecosystem, big data analytics, and modeling and simulation to the National Institutes of Health (NIH), the Defense Health Agency, Tele-medicine and Advanced Technology Research Center, and US Navy Naval Information Warfare Center (NIWC).