DLH (NASDAQ:DLHC) Share Price Passes Below 200-Day Moving Average – What’s Next?

Shares of DLH Holdings Corp. (NASDAQ:DLHC) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.64 and traded as low as $7.65. DLH shares last traded at $7.81, with a volume of 22,103 shares trading hands.

DLH Stock Up 1.7 %

The stock has a 50-day moving average price of $8.27 and a 200-day moving average price of $9.64. The company has a market capitalization of $112.35 million, a P/E ratio of 15.31 and a beta of 1.16. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.99 and a quick ratio of 0.99.

Insider Transactions at DLH

In other DLH news, CFO Kathryn M. Johnbull bought 10,000 shares of the stock in a transaction on Tuesday, December 17th. The stock was acquired at an average cost of $7.76 per share, for a total transaction of $77,600.00. Following the completion of the acquisition, the chief financial officer now owns 528,687 shares in the company, valued at $4,102,611.12. This trade represents a 1.93 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 21.60% of the company’s stock.

Institutional Investors Weigh In On DLH

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers bought a new position in shares of DLH during the 2nd quarter worth about $90,000. Barclays PLC raised its stake in DLH by 299.3% during 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 period. BNP Paribas Financial Markets boosted its holdings in DLH by 654.8% in the third quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider’s stock worth $139,000 after acquiring an additional 12,906 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in DLH in the second quarter valued at approximately $367,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of DLH by 160.2% during the second quarter. Bank of New York Mellon Corp now owns 37,238 shares of the business services provider’s stock valued at $393,000 after acquiring an additional 22,928 shares in the last quarter. 67.25% of the stock is owned by institutional investors.

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).