DLH (NASDAQ:DLHC) Cut to “Buy” at StockNews.com

StockNews.com lowered shares of DLH (NASDAQ:DLHC) from a strong-buy rating to a buy rating in a report issued on Friday morning.

DLH Trading Up 2.5 %

NASDAQ:DLHC opened at $10.94 on Friday. DLH has a 52 week low of $9.01 and a 52 week high of $17.58. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.45. The company has a market cap of $155.68 million, a PE ratio of 72.94 and a beta of 1.20. The business’s 50 day moving average is $13.57 and its two-hundred day moving average is $14.45.

DLH (NASDAQ:DLHC) last announced its quarterly earnings data on Wednesday, January 31st. The business services provider reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.03. The firm had revenue of $97.85 million for the quarter, compared to analysts’ expectations of $101.00 million. DLH had a return on equity of 6.78% and a net margin of 0.51%. On average, analysts predict that DLH will post 0.55 EPS for the current year.

Insider Activity at DLH

In other DLH news, insider Jeanine M. Christian sold 3,826 shares of DLH stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $16.99, for a total value of $65,003.74. Following the completion of the transaction, the insider now directly owns 21,125 shares in the company, valued at $358,913.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 21.60% of the company’s stock.

Institutional Investors Weigh In On DLH

Hedge funds have recently added to or reduced their stakes in the stock. Minerva Advisors LLC increased 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 worth $5,723,000 after acquiring an additional 72,173 shares during the period. Cove Street Capital LLC boosted its position in shares of DLH by 14.6% during the third quarter. Cove Street Capital LLC now owns 803,460 shares of the business services provider’s stock worth $9,376,000 after buying an additional 102,275 shares during the period. Essex Investment Management Co. LLC bought a new position in DLH in the 3rd quarter worth approximately $1,180,000. Legato Capital Management LLC increased its position in 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 acquiring an additional 1,203 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its stake in DLH by 6.0% during the 3rd 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 in the last quarter. 67.25% of the stock is currently owned by institutional investors.

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).