DLH (NASDAQ:DLHC) Downgraded by StockNews.com

StockNews.com downgraded shares of DLH (NASDAQ:DLHC) from a strong-buy rating to a buy rating in a report published on Saturday.

DLH Trading Up 1.6 %

Shares of DLH stock opened at $11.03 on Friday. The company has a fifty day simple moving average of $12.84 and a 200-day simple moving average of $14.29. DLH has a 12-month low of $9.01 and a 12-month high of $17.58. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.38. The stock has a market cap of $156.96 million, a price-to-earnings ratio of 52.52 and a beta of 1.27.

DLH (NASDAQ:DLHC) last released its quarterly earnings results on Wednesday, May 1st. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). DLH had a return on equity of 7.66% and a net margin of 0.76%. The company had revenue of $101.01 million for the quarter, compared to analysts’ expectations of $99.00 million. During the same period in the prior year, the business earned $0.06 EPS. On average, equities analysts forecast that DLH will post 0.57 EPS for the current fiscal year.

Insider Activity

In other news, insider Jeanine M. Christian sold 3,826 shares of the firm’s 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 sale, the insider now directly owns 21,125 shares of the company’s stock, valued at approximately $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 bought and sold shares of the company. Minerva Advisors LLC grew its stake in 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 acquiring an additional 72,173 shares during the last quarter. Cove Street Capital LLC increased its stake in shares of DLH by 14.6% during the 3rd quarter. Cove Street Capital LLC now owns 803,460 shares of the business services provider’s stock worth $9,376,000 after purchasing an additional 102,275 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of DLH during the 3rd quarter worth approximately $1,180,000. Legato Capital Management LLC lifted its stake 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 buying an additional 1,203 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings 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 buying an additional 1,872 shares during the last quarter. Institutional investors and hedge funds own 67.25% of the company’s stock.

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).