DLH (NASDAQ:DLHC) Downgraded to Hold Rating by StockNews.com

DLH (NASDAQ:DLHC - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Saturday.

DLH Stock Up 4.8%

Shares of NASDAQ:DLHC opened at $5.01 on Friday. The company has a market capitalization of $72.07 million, a PE ratio of 11.39 and a beta of 1.33. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.04 and a quick ratio of 1.04. The business has a fifty day moving average price of $3.98 and a two-hundred day moving average price of $6.22. DLH has a 1 year low of $2.72 and a 1 year high of $12.23.

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

Insider Transactions at DLH

In related news, major shareholder Mink Brook Asset Management Ll acquired 10,905 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average price of $4.74 per share, with a total value of $51,689.70. Following the acquisition, the insider now owns 1,402,061 shares of the company's stock, valued at approximately $6,645,769.14. This trade represents a 0.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders bought 68,263 shares of company stock worth $273,410. 15.30% of the stock is owned by company insiders.

Institutional Trading of DLH

A number of institutional investors have recently added to or reduced their stakes in the stock. Mink Brook Asset Management LLC raised its holdings in shares of DLH by 5.1% in the 1st quarter. Mink Brook Asset Management LLC now owns 1,438,507 shares of the business services provider's stock valued at $5,826,000 after acquiring an additional 69,719 shares in the last quarter. Wealthedge Investment Advisors LLC raised its holdings in shares of DLH by 236.4% during the 1st quarter. Wealthedge Investment Advisors LLC now owns 47,838 shares of the business services provider's stock valued at $194,000 after buying an additional 33,619 shares in the last quarter. Russell Investments Group Ltd. raised its holdings 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 valued at $244,000 after buying an additional 9,828 shares in the last quarter. Nuveen LLC purchased a new position in shares of DLH during the 1st quarter valued at about $44,000. Finally, Bard Associates Inc. purchased a new position in shares of DLH during the 1st quarter valued at about $43,000. Hedge funds and other institutional investors 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).

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