DLH (NASDAQ:DLHC) Stock Crosses Below 200-Day Moving Average - Here's What Happened

Shares of DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.60 and traded as low as $5.50. DLH shares last traded at $5.57, with a volume of 49,550 shares changing hands.

Wall Street Analyst Weigh In

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

DLH Stock Performance

The firm's 50-day moving average price is $4.82 and its two-hundred day moving average price is $5.55. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $79.15 million, a price-to-earnings ratio of 14.47 and a beta of 1.33.

DLH (NASDAQ:DLHC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $89.21 million for the quarter, compared to analyst estimates of $90.00 million. DLH had a net margin of 1.44% and a return on equity of 4.90%. On average, analysts expect that DLH Holdings Corp. will post -0.13 EPS for the current fiscal year.

Insider Activity at DLH

In related news, major shareholder Mink Brook Asset Management Ll acquired 4,786 shares of DLH stock in a transaction that occurred on Monday, June 9th. The shares were purchased at an average cost of $5.48 per share, for a total transaction of $26,227.28. Following the acquisition, the insider now owns 1,499,688 shares in the company, valued at approximately $8,218,290.24. This represents a 0.32% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have purchased 316,145 shares of company stock worth $1,601,880. Company insiders own 15.30% of the company's stock.

Institutional Trading of DLH

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bard Associates Inc. purchased a new stake in DLH in the 1st quarter valued at about $43,000. Nuveen LLC purchased a new stake in DLH during the first quarter worth about $44,000. Bank of America Corp DE lifted its position 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 worth $62,000 after purchasing an additional 1,855 shares in the last quarter. Corton Capital Inc. acquired a new stake in shares of DLH during the first quarter worth about $71,000. Finally, Wealthedge Investment Advisors LLC acquired a new stake in shares of DLH during the fourth quarter worth about $114,000. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

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).