DLH (NASDAQ:DLHC) Releases Quarterly Earnings Results, Meets Estimates

Key Points

• DLH (NASDAQ:DLHC) reported earnings of $0.02 per share, meeting analyst expectations, with revenue of $83.34 million for the quarter.
• Following recent trading, DLH shares have fallen by 1.1%, with the current stock price at $5.49.
• Insider trading activity includes Mink Brook Asset Management buying nearly 48,000 shares, increasing their ownership stake in DLH to 15.30%.

DLH (NASDAQ:DLHC - Get Free Report) released its earnings results on Wednesday. The business services provider reported $0.02 EPS for the quarter, hitting analysts' consensus estimates of $0.02, Zacks reports. The company had revenue of $83.34 million for the quarter, compared to the consensus estimate of $83.00 million. DLH had a return on equity of 4.08% and a net margin of 1.27%.

DLH Stock Performance

Shares of NASDAQ DLHC traded down $0.05 during mid-day trading on Friday, hitting $5.50. The company had a trading volume of 68,750 shares, compared to its average volume of 23,960. The stock has a market cap of $79.12 million, a price-to-earnings ratio of 17.19 and a beta of 1.25. DLH has a 12 month low of $2.72 and a 12 month high of $11.42. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.10. The firm's 50 day simple moving average is $5.60 and its two-hundred day simple moving average is $5.12.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded DLH from a "buy" rating to a "hold" rating in a report on Saturday, May 17th.

Insider Activity

In other DLH news, major shareholder Mink Brook Asset Management Ll bought 4,687 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $25,778.50. Following the transaction, the insider directly owned 1,693,815 shares in the company, valued at $9,315,982.50. The trade was a 0.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders purchased 281,372 shares of company stock valued at $1,504,377. Company insiders own 15.30% of the company's stock.

Institutional Trading of DLH

A hedge fund recently raised its stake in DLH stock. Bank of America Corp DE boosted its holdings in DLH Holdings Corp. (NASDAQ:DLHC - Free Report) by 31.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,679 shares of the business services provider's stock after acquiring an additional 1,855 shares during the quarter. Bank of America Corp DE owned 0.05% of DLH worth $62,000 at the end of the most recent quarter. 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).