Weiss Ratings Reiterates Sell (D) Rating for DLH (NASDAQ:DLHC)

Key Points

• Weiss Ratings has reiterated a "sell (D)" rating for DLH Holdings Corp (NASDAQ:DLHC) in a recent research note, indicating a bearish outlook for the company's stock.
• DLH's stock price increased slightly to $5.66, with a market cap of $81.45 million and a P/E ratio of 17.69; however, it remains down from its fifty-two week high of $9.58.
• Major shareholder Mink Brook Asset Management acquired 18,016 shares at an average price of $5.50, raising their ownership stake to approximately 15.30% of the company.

DLH (NASDAQ:DLHC - Get Free Report)'s stock had its "sell (d)" rating restated by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

DLH Price Performance

Shares of DLHC stock traded up $0.15 during trading hours on Wednesday, hitting $5.66. 21,858 shares of the company's stock were exchanged, compared to its average volume of 16,523. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The firm has a market cap of $81.45 million, a P/E ratio of 17.69 and a beta of 1.35. The firm has a 50 day moving average of $5.59 and a two-hundred day moving average of $5.06. DLH has a fifty-two week low of $2.72 and a fifty-two week high of $9.58.

DLH (NASDAQ:DLHC - Get Free Report) last announced its earnings results on Wednesday, August 6th. The business services provider reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. DLH had a return on equity of 4.08% and a net margin of 1.27%.The business had revenue of $83.34 million during the quarter, compared to the consensus estimate of $83.00 million. Sell-side analysts forecast that DLH will post -0.13 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Mink Brook Asset Management Ll acquired 18,016 shares of DLH stock in a transaction that occurred on Thursday, August 21st. The stock was purchased at an average cost of $5.50 per share, with a total value of $99,088.00. Following the purchase, the insider owned 1,837,377 shares in the company, valued at $10,105,573.50. This trade represents a 0.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders acquired 87,332 shares of company stock valued at $480,326. 15.30% of the stock is currently owned by corporate insiders.

Institutional Trading of DLH

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of DLH by 31.9% in the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider's stock worth $62,000 after acquiring an additional 1,855 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of DLH by 19.5% in the 1st quarter. Russell Investments Group Ltd. now owns 60,329 shares of the business services provider's stock worth $244,000 after acquiring an additional 9,828 shares during the last quarter. Bard Associates Inc. acquired a new stake in shares of DLH in the 1st quarter worth $43,000. Nuveen LLC acquired a new stake in shares of DLH in the 1st quarter worth $44,000. Finally, Jane Street Group LLC acquired a new stake in shares of DLH in the 2nd quarter worth $65,000. 67.25% of the stock is owned by institutional investors and hedge funds.

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).

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