DLH (NASDAQ:DLHC) Releases Earnings Results

DLH (NASDAQ:DLHC) released its quarterly earnings data on Monday. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02), FiscalAI reports. DLH had a net margin of 0.40% and a return on equity of 1.21%. The business had revenue of $68.89 million for the quarter, compared to analysts’ expectations of $70.15 million.

DLH Stock Performance

Shares of DLH stock opened at $5.84 on Tuesday. DLH has a 12 month low of $2.72 and a 12 month high of $8.10. The stock’s fifty day moving average price is $5.78 and its 200-day moving average price is $5.75. The firm has a market cap of $84.62 million, a P/E ratio of 58.41 and a beta of 1.60. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.06.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DLHC shares. Zacks Research cut DLH from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 17th. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Insider Transactions at DLH

In related news, major shareholder Mink Brook Asset Management Ll acquired 44,208 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was purchased at an average cost of $5.50 per share, with a total value of $243,144.00. Following the transaction, the insider directly owned 1,931,447 shares of the company’s stock, valued at $10,622,958.50. This trade represents a 2.34% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have acquired 50,237 shares of company stock valued at $276,304 over the last 90 days. 12.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DLH

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in 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 buying an additional 5,735 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in DLH during the second quarter worth $73,000. Strs Ohio acquired a new position in shares of DLH during the 1st quarter worth about $185,000. Jane Street Group LLC acquired a new stake in DLH in the 2nd quarter worth about $65,000. Finally, Bank of America Corp DE increased its stake in DLH by 31.9% during the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock worth $62,000 after buying an additional 1,855 shares in the last quarter. Institutional investors and hedge funds own 67.25% of the company’s stock.

About DLH

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.