DLH (NASDAQ:DLHC) Lowered to “Hold” Rating by StockNews.com

StockNews.com lowered shares of DLH (NASDAQ:DLHC) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

DLH Stock Performance

DLH stock opened at $5.09 on Friday. The firm’s fifty day moving average price is $3.99 and its 200-day moving average price is $6.18. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $73.22 million, a P/E ratio of 11.57 and a beta of 1.33. DLH has a fifty-two week low of $2.72 and a fifty-two week high of $12.23.

DLH (NASDAQ:DLHC) last announced its earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). DLH had a net margin of 1.64% and a return on equity of 5.82%. The company had revenue of $89.21 million for the quarter, compared to the consensus estimate of $90.00 million. On average, equities research analysts expect that DLH will post -0.13 earnings per share for the current fiscal year.

Insider Activity at DLH

In other news, major shareholder Mink Brook Asset Management Ll bought 12,054 shares of the firm’s stock in a transaction on Monday, April 28th. The stock was acquired at an average cost of $3.55 per share, with a total value of $42,791.70. Following the completion of the acquisition, the insider now owns 1,325,389 shares of the company’s stock, valued at approximately $4,705,130.95. This represents a 0.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired a total of 68,263 shares of company stock valued at $273,410 in the last three months. Company insiders own 15.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DLHC. Bard Associates Inc. purchased a new position in DLH in the first quarter worth about $43,000. Nuveen LLC purchased a new stake in DLH during the first quarter valued at approximately $44,000. Bank of America Corp DE increased its holdings in DLH by 31.9% during the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock valued at $62,000 after buying an additional 1,855 shares during the last quarter. Corton Capital Inc. purchased a new stake in DLH during the first quarter valued at approximately $71,000. Finally, Barclays PLC increased its holdings in DLH by 299.3% during the third quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock valued at $109,000 after buying an additional 8,782 shares during the last quarter. 67.25% of the stock is owned by hedge funds and other institutional investors.

About DLH

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).