DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.46 and traded as low as $4.30. DLH shares last traded at $4.31, with a volume of 4,137 shares.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Zacks Research downgraded DLH from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 18th. Noble Financial reaffirmed an "outperform" rating on shares of DLH in a research report on Friday, July 31st. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of DLH in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company's stock. According to MarketBeat, DLH currently has a consensus rating of "Reduce".
Read Our Latest Research Report on DLHC
DLH Stock Down 0.7%
The stock's fifty day moving average price is $4.97 and its 200-day moving average price is $5.46. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $62.46 million, a price-to-earnings ratio of -2.91 and a beta of 1.47.
DLH (NASDAQ:DLHC - Get Free Report) last announced its earnings results on Wednesday, July 29th. The business services provider reported ($1.16) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.99). The business had revenue of $44.23 million for the quarter, compared to analyst estimates of $50.00 million. DLH had a negative return on equity of 10.42% and a negative net margin of 8.51%. On average, sell-side analysts predict that DLH Holdings Corp. will post -0.76 earnings per share for the current fiscal year.
Insider Buying and Selling
In other DLH news, major shareholder Mink Brook Asset Management Ll acquired 7,944 shares of DLH stock in a transaction dated Thursday, July 30th. The stock was bought at an average cost of $4.96 per share, for a total transaction of $39,402.24. Following the purchase, the insider directly owned 2,166,724 shares in the company, valued at approximately $10,746,951.04. This represents a 0.37% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last quarter, insiders have bought 100,442 shares of company stock worth $523,096. Insiders own 12.80% of the company's stock.
Institutional Trading of DLH
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew 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. Vanguard Group Inc. increased its position in shares of DLH by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider's stock worth $2,795,000 after purchasing an additional 5,735 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of DLH during the 4th quarter worth approximately $58,000. Bank of New York Mellon Corp bought a new stake in shares of DLH during the 2nd quarter worth approximately $62,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of DLH in the 2nd quarter valued at approximately $73,000. Institutional investors own 67.25% of the company's stock.
About DLH
(
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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