DLH (NASDAQ:DLHC) Releases Quarterly Earnings Results

DLH (NASDAQ:DLHC) released its quarterly earnings results on Wednesday. The business services provider reported ($1.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.99), FiscalAI reports. DLH had a negative net margin of 1.53% and a negative return on equity of 4.00%. The firm had revenue of $44.23 million during the quarter, compared to the consensus estimate of $50.00 million.

DLH Stock Performance

Shares of DLHC traded up $0.06 during trading hours on Wednesday, reaching $5.28. 6,966 shares of the company traded hands, compared to its average volume of 28,937. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.00. The business has a fifty day moving average price of $5.40 and a 200-day moving average price of $5.66. DLH has a 12-month low of $5.03 and a 12-month high of $8.10. The stock has a market capitalization of $76.51 million, a P/E ratio of -17.60 and a beta of 1.45.

Insider Transactions at DLH

In other news, major shareholder Mink Brook Asset Management Ll bought 68,547 shares of DLH stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price of $5.50 per share, for a total transaction of $377,008.50. Following the purchase, the insider directly owned 2,051,938 shares of the company’s stock, valued at approximately $11,285,659. The trade was a 3.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders acquired 168,856 shares of company stock valued at $913,402. Company insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On DLH

A number of institutional investors and hedge funds have recently modified their holdings of DLHC. Mink Brook Asset Management LLC boosted its position in DLH by 2.3% in the fourth quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock valued at $14,836,000 after buying an additional 59,498 shares during the last quarter. Vanguard Group Inc. raised its position in DLH by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock worth $2,795,000 after buying an additional 5,735 shares during the last quarter. Rothschild Wealth LLC purchased a new position in DLH during the 4th quarter worth approximately $928,000. State Street Corp lifted its stake in DLH by 28.7% during the 4th quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock valued at $337,000 after acquiring an additional 13,300 shares during the period. Finally, Sandia Investment Management LP acquired a new stake in DLH during the 4th quarter valued at approximately $197,000. Institutional investors and hedge funds own 67.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DLHC. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a research note on Friday, July 17th. Zacks Research upgraded shares of DLH from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.

DLH Company Profile

DLH Holdings Corp. (NASDAQ: DLHC) is a provider of mission-driven professional services primarily to federal government agencies and select commercial clients. The company designs and delivers tailored solutions across a range of critical mission areas, including program and project management, consulting, technical assistance, and administrative support. Through its Healthcare Solutions offerings, DLH also specializes in supporting clinical and allied health staffing needs for federal health agencies and health systems.

Operating under its Federal Solutions segment, DLH partners with agencies such as the Department of Veterans Affairs, Department of Defense, Department of Homeland Security, and the Department of Health and Human Services.