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

DLH (NASDAQ:DLHC) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

DLH Stock Up 4.2 %

Shares of DLHC opened at $11.38 on Friday. The stock has a market capitalization of $161.94 million, a PE ratio of 54.19 and a beta of 1.27. DLH has a 1 year low of $9.01 and a 1 year high of $17.58. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.01 and a current ratio of 1.01. The company’s 50-day simple moving average is $13.14 and its 200-day simple moving average is $14.34.

DLH (NASDAQ:DLHC) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). The business had revenue of $101.01 million for the quarter, compared to analyst estimates of $99.00 million. DLH had a return on equity of 7.71% and a net margin of 0.76%. During the same period in the prior year, the company posted $0.06 EPS. Analysts forecast that DLH will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jeanine M. Christian sold 3,826 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $16.99, for a total transaction of $65,003.74. Following the sale, the insider now directly owns 21,125 shares in the company, valued at $358,913.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 21.60% of the company’s stock.

Institutional Trading of DLH

Large investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its position in DLH by 6.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 33,155 shares of the business services provider’s stock valued at $387,000 after acquiring an additional 1,872 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of DLH during the third quarter worth about $1,180,000. Cove Street Capital LLC lifted its holdings in shares of DLH by 14.6% in the 3rd quarter. Cove Street Capital LLC now owns 803,460 shares of the business services provider’s stock valued at $9,376,000 after purchasing an additional 102,275 shares during the last quarter. Minerva Advisors LLC lifted its holdings in shares of DLH by 16.7% in the 3rd quarter. Minerva Advisors LLC now owns 505,581 shares of the business services provider’s stock valued at $5,723,000 after purchasing an additional 72,173 shares during the last quarter. Finally, Legato Capital Management LLC boosted its position in shares of DLH by 3.2% in the 4th quarter. Legato Capital Management LLC now owns 39,164 shares of the business services provider’s stock valued at $617,000 after purchasing an additional 1,203 shares during the period. 67.25% of the stock is currently 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).