DLH (NASDAQ:DLHC) Share Price Passes Below Two Hundred Day Moving Average - Here's Why

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Analyst Ratings Changes

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

DLH Trading Down 1.4%

The firm has a market cap of $80.15 million, a price-to-earnings ratio of 14.66 and a beta of 1.33. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.10 and a quick ratio of 1.10. The firm's fifty day moving average is $4.70 and its 200-day moving average is $5.60.

DLH (NASDAQ:DLHC - Get Free Report) last released its earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $89.21 million during 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%. Equities analysts anticipate that DLH Holdings Corp. will post -0.13 earnings per share for the current year.

Insider Activity at DLH

In related news, major shareholder Mink Brook Asset Management Ll purchased 21,210 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was purchased at an average cost of $5.50 per share, with a total value of $116,655.00. Following the completion of the purchase, the insider now owns 1,525,306 shares in the company, valued at approximately $8,389,183. This trade represents a 1.41% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought a total of 251,817 shares of company stock worth $1,248,156 over the last quarter. Company insiders own 15.30% of the company's stock.

Institutional Investors Weigh In On DLH

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in DLH by 31.9% in 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 in the last quarter. Bard Associates Inc. bought a new stake in DLH in the first quarter valued at $43,000. Nuveen LLC bought a new stake in DLH in the first quarter valued at $44,000. Wealthedge Investment Advisors LLC bought a new stake in DLH in the fourth quarter valued at $114,000. Finally, Corton Capital Inc. bought a new stake in DLH in the first quarter valued at $71,000. 67.25% of the stock is owned by institutional investors.

DLH Company Profile

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.