DLH (NASDAQ:DLHC) Shares Cross Below 200 Day Moving Average – Here’s Why

DLH Holdings Corp. (NASDAQ:DLHC)’s stock price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $5.05 and traded as low as $3.99. DLH shares last traded at $4.00, with a volume of 2,449 shares traded.

Analyst Ratings Changes

DLHC has been the subject of several research analyst reports. Noble Financial reaffirmed an “outperform” rating on shares of DLH in a research note on Friday, July 31st. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a research note on Thursday. Finally, Zacks Research upgraded DLH from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 29th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

DLH Stock Performance

The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.13. The firm has a 50 day moving average price of $4.15 and a 200 day moving average price of $5.04. The stock has a market cap of $57.24 million, a PE ratio of -2.67 and a beta of 1.52.

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 return on equity of 10.42% and a negative net margin of 8.51%. The business had revenue of $44.23 million during the quarter, compared to analysts’ expectations of $50.00 million. As a group, research analysts forecast that DLH Holdings Corp. will post -0.76 earnings per share for the current year.

Insider Buying and Selling

In other DLH news, major shareholder Mink Brook Asset Management Ll purchased 199,099 shares of DLH stock in a transaction dated Thursday, October 1st. The stock was acquired at an average price of $3.70 per share, for a total transaction of $736,666.30. Following the acquisition, the insider owned 893,421 shares in the company, valued at $3,305,657.70. This trade represents a 28.68% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have bought 226,981 shares of company stock worth $865,355. Company insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On DLH

An institutional investor recently bought a new position in DLH stock. North Star Investment Management Corp. acquired a new stake in shares of DLH Holdings Corp. (NASDAQ:DLHC) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 135,000 shares of the business services provider’s stock, valued at approximately $786,000. North Star Investment Management Corp. owned 0.93% of DLH as of its most recent SEC filing. 67.25% of the stock is currently owned by institutional investors.

About DLH

DLH Holdings Corp. (NASDAQ: DLHC) is a government services contractor that provides healthcare, technology, logistics and human-performance solutions to federal agencies. Through its operating businesses, the company supports mission-critical programs involving healthcare delivery, public health, biomedical research, defense and national security.

DLH’s services include clinical and administrative healthcare support, scientific and technical services, data and information technology solutions, logistics management, and research support.