DLH (NASDAQ:DLHC) Rating Lowered to "Hold" at Wall Street Zen

Wall Street Zen downgraded shares of DLH (NASDAQ:DLHC - Free Report) from a buy rating to a hold rating in a research note published on Saturday.

DLH Stock Performance

DLHC traded up $0.01 on Friday, hitting $5.01. 38,401 shares of the company traded hands, compared to its average volume of 54,473. The company has a 50 day moving average of $4.02 and a 200-day moving average of $6.14. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $72.07 million, a PE ratio of 11.39 and a beta of 1.33. DLH has a 12-month low of $2.72 and a 12-month high of $12.23.

DLH (NASDAQ:DLHC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $89.21 million for the quarter, compared to analysts' expectations of $90.00 million. DLH had a net margin of 1.64% and a return on equity of 5.82%. Sell-side analysts anticipate that DLH will post -0.13 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Mink Brook Asset Management Ll purchased 9,660 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average price of $3.91 per share, for a total transaction of $37,770.60. Following the acquisition, the insider now directly owns 1,358,522 shares in the company, valued at approximately $5,311,821.02. The trade was a 0.72% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 115,826 shares of company stock worth $508,418 in the last quarter. Company insiders own 15.30% of the company's stock.

Institutional Investors Weigh In On DLH

A number of large investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings 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 valued at $62,000 after buying an additional 1,855 shares during the last quarter. Renaissance Technologies LLC grew its holdings in DLH by 2.7% during the 4th quarter. Renaissance Technologies LLC now owns 270,068 shares of the business services provider's stock valued at $2,169,000 after buying an additional 7,000 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in DLH by 27.6% during the 4th quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider's stock valued at $315,000 after buying an additional 8,481 shares during the last quarter. Barclays PLC lifted its stake in shares of DLH by 299.3% during the 3rd quarter. Barclays PLC now owns 11,716 shares of the business services provider's stock worth $109,000 after purchasing an additional 8,782 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of DLH by 19.5% during the 1st quarter. Russell Investments Group Ltd. now owns 60,329 shares of the business services provider's stock worth $244,000 after purchasing an additional 9,828 shares during the period. 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).