DLH (NASDAQ:DLHC - Get Free Report) released its quarterly earnings results on Wednesday. The business services provider reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01), FiscalAI reports. The business had revenue of $59.27 million during the quarter, compared to analysts' expectations of $58.00 million. DLH had a negative net margin of 0.33% and a negative return on equity of 0.95%.
DLH Stock Down 0.9%
DLHC opened at $5.60 on Thursday. DLH has a 12 month low of $3.95 and a 12 month high of $8.10. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.03. The business's 50-day moving average price is $5.87 and its 200-day moving average price is $5.84. The company has a market cap of $81.14 million, a P/E ratio of -79.99 and a beta of 1.47.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on DLHC. Zacks Research raised DLH from a "strong sell" rating to a "hold" rating in a research note on Monday, April 13th. Weiss Ratings restated a "sell (d)" rating on shares of DLH in a report on Monday, April 20th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce".
Get Our Latest Analysis on DLHC
Insiders Place Their Bets
In related news, major shareholder Mink Brook Asset Management Ll purchased 8,048 shares of DLH stock in a transaction that occurred on Thursday, February 19th. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $44,264.00. Following the transaction, the insider directly owned 1,983,195 shares in the company, valued at $10,907,572.50. The trade was a 0.41% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders bought 46,839 shares of company stock worth $257,614. Corporate insiders own 12.80% of the company's stock.
Institutional Trading of DLH
Several hedge funds and other institutional investors have recently bought and sold shares of DLHC. Bank of America Corp DE boosted its stake in shares of DLH by 31.9% during the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider's stock valued at $62,000 after purchasing an additional 1,855 shares during the period. Jane Street Group LLC purchased a new position in shares of DLH in the fourth quarter worth $58,000. Qube Research & Technologies Ltd purchased a new position in shares of DLH in the second quarter worth $73,000. Sandia Investment Management LP bought a new stake in DLH during the 4th quarter valued at $197,000. Finally, Strs Ohio bought a new stake in DLH during the 1st quarter valued at $185,000. Institutional investors own 67.25% of the company's stock.
DLH Company Profile
(
Get Free Report)
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.
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