DLH (NASDAQ:DLHC) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

DLH Holdings Corp. (NASDAQ:DLHC) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.46 and traded as low as $4.30. DLH shares last traded at $4.31, with a volume of 4,137 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DLHC shares. Noble Financial restated an “outperform” rating on shares of DLH in a report on Friday, July 31st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a report on Friday, July 17th. Finally, Zacks Research cut shares of DLH from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce”.

DLH Stock Down 4.6%

The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.13. The stock has a 50 day simple moving average of $4.95 and a 200 day simple moving average of $5.45. The firm has a market capitalization of $59.70 million, a PE ratio of -2.78 and a beta of 1.44.

DLH (NASDAQ:DLHC) last released its quarterly earnings data on Wednesday, July 29th. The business services provider reported ($1.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.99). DLH had a negative net margin of 8.51% and a negative return on equity of 10.42%. The company had revenue of $44.23 million for the quarter, compared to analysts’ expectations of $50.00 million. As a group, sell-side analysts forecast that DLH Holdings Corp. will post -0.76 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Mink Brook Asset Management Ll purchased 7,944 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were acquired at an average price of $4.96 per share, with a total value of $39,402.24. Following the acquisition, the insider directly owned 2,166,724 shares in the company, valued at approximately $10,746,951.04. The trade was a 0.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders have acquired 100,442 shares of company stock worth $523,096. Corporate insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On DLH

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in shares of DLH in the fourth quarter worth about $58,000. Bank of New York Mellon Corp bought a new position in DLH during the 2nd quarter valued at approximately $62,000. Bank of America Corp DE lifted its holdings in DLH by 31.9% in the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock worth $62,000 after buying an additional 1,855 shares during the period. Qube Research & Technologies Ltd purchased a new stake in DLH in the 2nd quarter worth approximately $73,000. Finally, Strs Ohio bought a new stake in shares of DLH in the 1st quarter worth approximately $185,000. 67.25% of the stock is owned by institutional investors.

About DLH

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.