DLH (NASDAQ:DLHC) Cut to “Hold” at StockNews.com

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

DLH Stock Performance

DLHC opened at $6.35 on Friday. The stock has a market capitalization of $91.38 million, a price-to-earnings ratio of 12.45 and a beta of 1.18. DLH has a fifty-two week low of $6.15 and a fifty-two week high of $17.58. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.99 and a current ratio of 0.99. The company has a fifty day moving average of $7.75 and a 200 day moving average of $8.93.

DLH (NASDAQ:DLHC) last issued its earnings results on Wednesday, February 5th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. DLH had a return on equity of 6.88% and a net margin of 1.87%. As a group, sell-side analysts forecast that DLH will post -0.11 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Kathryn M. Johnbull acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were acquired at an average cost of $7.76 per share, for a total transaction of $77,600.00. Following the completion of the transaction, the chief financial officer now directly owns 528,687 shares in the company, valued at approximately $4,102,611.12. This trade represents a 1.93 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 15.30% of the company’s stock.

Institutional Investors Weigh In On DLH

Hedge funds and other institutional investors have recently made changes to their positions in the company. Minerva Advisors LLC boosted its stake in shares of DLH by 24.2% during the 3rd quarter. Minerva Advisors LLC now owns 636,377 shares of the business services provider’s stock worth $5,950,000 after purchasing an additional 123,796 shares during the period. State Street Corp lifted its stake in 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. Dimensional Fund Advisors LP boosted its position in shares of DLH by 24.4% during the second quarter. Dimensional Fund Advisors LP now owns 233,800 shares of the business services provider’s stock valued at $2,469,000 after buying an additional 45,915 shares during the period. Barclays PLC grew its stake in shares of DLH by 299.3% during the third quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock valued at $109,000 after buying an additional 8,782 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of 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 buying an additional 12,906 shares during the period. Hedge funds and other institutional investors own 67.25% of the company’s stock.

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).