DLH (NASDAQ:DLHC) Share Price Crosses Below 200 Day Moving Average – What’s Next?

DLH Holdings Corp. (NASDAQ:DLHC) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.77 and traded as low as $5.64. DLH shares last traded at $5.64, with a volume of 6,120 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Zacks Research downgraded DLH from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 17th. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

DLH Price Performance

The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $86.51 million, a P/E ratio of -85.27 and a beta of 1.59. The firm’s fifty day moving average is $5.77 and its two-hundred day moving average is $5.77.

DLH (NASDAQ:DLHC) last posted its quarterly earnings results on Monday, February 9th. The business services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). DLH had a negative net margin of 0.33% and a negative return on equity of 0.95%. The business had revenue of $68.89 million for the quarter, compared to the consensus estimate of $70.15 million. As a group, analysts anticipate that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Insider Transactions at DLH

In other DLH news, major shareholder Mink Brook Asset Management Ll bought 8,048 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were bought at an average price of $5.50 per share, with a total value of $44,264.00. Following the purchase, the insider owned 1,983,195 shares of the company’s stock, valued at $10,907,572.50. This trade represents a 0.41% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders purchased 95,956 shares of company stock worth $527,758. 12.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DLH

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its position in shares of DLH by 31.9% during the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock valued at $62,000 after buying an additional 1,855 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of DLH by 1.2% during the third quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock worth $2,795,000 after acquiring an additional 5,735 shares during the last quarter. Minerva Advisors LLC boosted its position in shares of DLH by 0.5% during the third quarter. Minerva Advisors LLC now owns 1,116,802 shares of the business services provider’s stock worth $6,310,000 after acquiring an additional 6,059 shares during the last quarter. Jane Street Group LLC purchased a new position in DLH during the fourth quarter valued at $58,000. Finally, Qube Research & Technologies Ltd bought a new stake in DLH in the 2nd quarter valued at $73,000. 67.25% of the stock is owned by hedge funds and other institutional investors.

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.