DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $5.60 and traded as high as $5.60. DLH shares last traded at $5.50, with a volume of 7,373 shares changing hands.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of DLH in a report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of "Sell".
Check Out Our Latest Stock Report on DLH
DLH Trading Down 0.2%
The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The stock has a market cap of $79.12 million, a PE ratio of 17.19 and a beta of 1.35. The firm has a fifty day simple moving average of $5.60 and a two-hundred day simple moving average of $5.05.
DLH (NASDAQ:DLHC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $83.34 million for the quarter, compared to analysts' expectations of $83.00 million. DLH had a net margin of 1.27% and a return on equity of 4.08%. As a group, equities analysts expect that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, major shareholder Mink Brook Asset Management Ll acquired 18,016 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $99,088.00. Following the acquisition, the insider owned 1,837,377 shares of the company's stock, valued at $10,105,573.50. This trade represents a 0.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired a total of 74,056 shares of company stock valued at $407,308 over the last quarter. 15.30% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of DLHC. Millennium Management LLC raised its stake in shares of DLH by 313.4% during the fourth quarter. Millennium Management LLC now owns 69,733 shares of the business services provider's stock worth $560,000 after acquiring an additional 52,864 shares in the last quarter. Mink Brook Asset Management LLC boosted its position 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 worth $5,826,000 after purchasing an additional 69,719 shares in the last quarter. Corton Capital Inc. purchased a new stake in shares of DLH in the first quarter worth $71,000. Minerva Advisors LLC increased its stake in DLH by 20.2% during the 1st quarter. Minerva Advisors LLC now owns 1,018,397 shares of the business services provider's stock valued at $4,125,000 after purchasing an additional 170,805 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC raised its holdings in DLH by 236.4% in the 1st quarter. Wealthedge Investment Advisors LLC now owns 47,838 shares of the business services provider's stock worth $194,000 after acquiring an additional 33,619 shares during the last quarter. 67.25% of the stock is currently owned by institutional investors.
About DLH
(
Get Free Report)
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).
See Also
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