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

StockNews.com lowered shares of DLH (NASDAQ:DLHC) from a strong-buy rating to a buy rating in a research note released on Friday morning.

DLH Price Performance

Shares of DLH stock opened at $10.94 on Friday. DLH has a twelve month low of $9.01 and a twelve month high of $17.58. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $155.68 million, a P/E ratio of 72.94 and a beta of 1.20. The firm’s 50-day simple moving average is $13.57 and its 200-day simple moving average is $14.45.

DLH (NASDAQ:DLHC) last released its quarterly earnings data on Wednesday, January 31st. The business services provider reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. The company had revenue of $97.85 million for the quarter, compared to analyst estimates of $101.00 million. DLH had a return on equity of 6.78% and a net margin of 0.51%. As a group, research analysts expect that DLH will post 0.55 EPS for the current fiscal year.

Insider Activity

In related news, insider Jeanine M. Christian sold 3,826 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $16.99, for a total transaction of $65,003.74. Following the completion of the sale, the insider now owns 21,125 shares in the company, valued at approximately $358,913.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 21.60% of the stock is owned by corporate insiders.

Institutional Trading of DLH

Hedge funds have recently modified their holdings of the company. Oppenheimer Asset Management Inc. grew its position in DLH by 6.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 33,155 shares of the business services provider’s stock worth $387,000 after acquiring an additional 1,872 shares during the last quarter. Legato Capital Management LLC grew its holdings in shares of DLH by 3.2% during the fourth quarter. Legato Capital Management LLC now owns 39,164 shares of the business services provider’s stock worth $617,000 after purchasing an additional 1,203 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of DLH in the third quarter valued at $1,180,000. Minerva Advisors LLC raised its holdings in shares of DLH by 16.7% in the third quarter. Minerva Advisors LLC now owns 505,581 shares of the business services provider’s stock valued at $5,723,000 after buying an additional 72,173 shares during the last quarter. Finally, Wasatch Advisors LP lifted its position in DLH by 9.6% during the 4th quarter. Wasatch Advisors LP now owns 548,217 shares of the business services provider’s stock worth $8,634,000 after buying an additional 47,866 shares in the last quarter. Institutional investors and hedge funds 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).