DLH (NASDAQ:DLHC) Lowered to Hold Rating by StockNews.com

StockNews.com downgraded shares of DLH (NASDAQ:DLHC) from a buy rating to a hold rating in a research report released on Friday morning.

DLH Trading Up 0.3 %

DLHC opened at $6.35 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.21. DLH has a 52 week low of $6.15 and a 52 week high of $17.58. The stock has a market cap of $91.38 million, a PE ratio of 14.43 and a beta of 1.18. The business has a 50 day moving average of $7.75 and a 200-day moving average of $8.90.

DLH (NASDAQ:DLHC) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. DLH had a return on equity of 5.82% and a net margin of 1.64%. Equities research analysts predict that DLH will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Kathryn M. Johnbull acquired 10,000 shares of the stock in a transaction on Tuesday, December 17th. The stock was acquired at an average price of $7.76 per share, for a total transaction of $77,600.00. Following the completion of the purchase, the chief financial officer now owns 528,687 shares of the company’s stock, valued at $4,102,611.12. This represents a 1.93 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DLH

Several institutional investors and hedge funds have recently modified their holdings of the stock. Albert D Mason Inc. boosted its stake in DLH by 1.5% in the 3rd quarter. Albert D Mason Inc. now owns 93,559 shares of the business services provider’s stock worth $876,000 after purchasing an additional 1,403 shares in the last quarter. State Street Corp raised its stake in shares of DLH by 3.9% in the third quarter. State Street Corp now owns 111,447 shares of the business services provider’s stock worth $1,043,000 after purchasing an additional 4,165 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings 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 purchasing an additional 8,481 shares in the last quarter. Barclays PLC raised its position in DLH by 299.3% in the 3rd quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock worth $109,000 after buying an additional 8,782 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in DLH by 654.8% during the third quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 12,906 shares during the period. 67.25% of the stock is currently owned by institutional investors.

About DLH

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).