Shares of DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.70 and traded as low as $5.29. DLH shares last traded at $5.53, with a volume of 59,291 shares traded.
Analyst Ratings Changes
Separately, Wall Street Zen lowered shares of DLH from a "buy" rating to a "hold" rating in a research report on Saturday, May 17th.
Read Our Latest Stock Report on DLHC
DLH Stock Down 0.3%
The stock's 50 day moving average is $4.55 and its 200 day moving average is $5.68. The company has a market capitalization of $78.50 million, a PE ratio of 14.36 and a beta of 1.33. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.10 and a current ratio of 1.10.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). DLH had a return on equity of 4.90% and a net margin of 1.44%. The firm had revenue of $89.21 million during the quarter, compared to analysts' expectations of $90.00 million. On average, sell-side analysts anticipate that DLH Holdings Corp. will post -0.13 EPS for the current fiscal year.
Insider Transactions at DLH
In other DLH news, major shareholder Mink Brook Asset Management Ll acquired 4,786 shares of the company's stock in a transaction on Monday, June 9th. The stock was acquired at an average price 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 $8,218,290.24. This represents a 0.32% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders acquired 227,506 shares of company stock worth $1,115,545. 15.30% of the stock is currently owned by insiders.
Institutional Investors Weigh In On DLH
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in DLH by 643.6% in the fourth quarter. JPMorgan Chase & Co. now owns 27,386 shares of the business services provider's stock worth $220,000 after acquiring an additional 23,703 shares in the last quarter. Millennium Management LLC lifted its stake in shares of DLH by 313.4% in the fourth quarter. Millennium Management LLC now owns 69,733 shares of the business services provider's stock worth $560,000 after buying an additional 52,864 shares in the last quarter. Minerva Advisors LLC raised its holdings in DLH by 33.2% in the 4th quarter. Minerva Advisors LLC now owns 847,592 shares of the business services provider's stock worth $6,806,000 after acquiring an additional 211,215 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of DLH by 27.6% during the fourth quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider's stock valued at $315,000 after buying an additional 8,481 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of DLH by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 268,930 shares of the business services provider's stock valued at $2,159,000 after buying an additional 10,921 shares during the last quarter. 67.25% of the stock is owned by hedge funds and other institutional investors.
DLH Company Profile
(
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).
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