DLH (NASDAQ:DLHC) Cut to Strong Sell at Zacks Research

DLH (NASDAQ:DLHC) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other brokerages have also commented on DLHC. Noble Financial reissued an “outperform” rating on shares of DLH in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, DLH presently has a consensus rating of “Reduce”.

DLH Stock Up 0.9%

Shares of DLH stock opened at $4.56 on Tuesday. The firm has a market cap of $66.07 million, a PE ratio of -3.08 and a beta of 1.47. The business’s 50 day simple moving average is $5.16 and its 200 day simple moving average is $5.55. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.67 and a current ratio of 0.67. DLH has a 52-week low of $4.45 and a 52-week high of $8.10.

DLH (NASDAQ:DLHC) last released its quarterly earnings results 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). The firm had revenue of $44.23 million for the quarter, compared to analyst estimates of $50.00 million. DLH had a negative return on equity of 10.42% and a negative net margin of 8.51%. On average, analysts predict that DLH will post -0.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Mink Brook Asset Management Ll purchased 15,280 shares of the stock in a transaction on Friday, June 26th. The shares were purchased at an average price of $5.28 per share, with a total value of $80,678.40. Following the transaction, the insider directly owned 2,116,553 shares of the company’s stock, valued at $11,175,399.84. This trade represents a 0.73% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders purchased 108,343 shares of company stock valued at $569,431 in the last ninety days. 12.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On DLH

Large investors have recently made changes to their positions in the stock. North Star Investment Management Corp. acquired a new position in DLH during the first quarter worth $786,000. Sandia Investment Management LP bought a new stake in DLH during the fourth quarter worth $197,000. Mink Brook Asset Management LLC lifted its stake in DLH by 2.3% in the fourth quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock valued at $14,836,000 after acquiring an additional 59,498 shares during the last quarter. Vanguard Group Inc. lifted its stake in DLH by 1.2% in the third quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock valued at $2,795,000 after acquiring an additional 5,735 shares during the last quarter. Finally, Rothschild Wealth LLC bought a new position in shares of DLH in the 4th quarter valued at about $928,000. 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.