DLH (NASDAQ:DLHC) Shares Cross Above Fifty Day Moving Average – Here’s Why

DLH Holdings Corp. (NASDAQ:DLHC) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $5.84 and traded as high as $6.03. DLH shares last traded at $6.03, with a volume of 4,435 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a research note on Monday. Zacks Research raised shares of DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, DLH currently has a consensus rating of “Reduce”.

DLH Stock Performance

The stock has a market capitalization of $87.23 million, a price-to-earnings ratio of -85.99 and a beta of 1.57. The stock’s 50 day moving average is $5.85 and its 200 day moving average is $5.83. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.03.

DLH (NASDAQ:DLHC) last issued its quarterly earnings data on Monday, February 9th. The business services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The business had revenue of $68.89 million during the quarter, compared to analyst estimates of $70.15 million. DLH had a negative net margin of 0.33% and a negative return on equity of 0.95%. On average, analysts predict that DLH Holdings Corp. will post -0.46 earnings per share for the current year.

Insider Transactions at DLH

In other news, major shareholder Mink Brook Asset Management Ll bought 22,057 shares of DLH stock in a transaction on Wednesday, February 18th. The shares were bought at an average cost of $5.50 per share, for a total transaction of $121,313.50. Following the acquisition, the insider owned 1,975,147 shares in the company, valued at approximately $10,863,308.50. This trade represents a 1.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have bought 46,839 shares of company stock valued at $257,615. 12.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mink Brook Asset Management LLC lifted its holdings in shares of DLH by 8.4% during the 3rd quarter. Mink Brook Asset Management LLC now owns 2,566,349 shares of the business services provider’s stock worth $14,500,000 after acquiring an additional 199,584 shares during the period. Rothschild Wealth LLC purchased a new position in shares of DLH during the 4th quarter worth about $928,000. North Star Investment Management Corp. purchased a new position in shares of DLH during the 1st quarter worth about $786,000. Strs Ohio purchased a new position in shares of DLH during the 1st quarter worth about $185,000. Finally, Sandia Investment Management LP purchased a new position in shares of DLH during the 4th quarter worth about $197,000. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

DLH Company Profile

DLH Holdings Corp. (NASDAQ: DLHC) is a provider of mission-driven professional services primarily to federal government agencies and select commercial clients. The company designs and delivers tailored solutions across a range of critical mission areas, including program and project management, consulting, technical assistance, and administrative support. Through its Healthcare Solutions offerings, DLH also specializes in supporting clinical and allied health staffing needs for federal health agencies and health systems.

Operating under its Federal Solutions segment, DLH partners with agencies such as the Department of Veterans Affairs, Department of Defense, Department of Homeland Security, and the Department of Health and Human Services.