DLH (NASDAQ:DLHC) Raised to “Hold” at Zacks Research

DLH (NASDAQ:DLHC) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

A number of other research firms also recently weighed in on DLHC. Noble Financial reissued an “outperform” rating on shares of DLH in a report on Friday, July 31st. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, DLH presently has an average rating of “Hold”.

DLH Price Performance

NASDAQ DLHC opened at $3.70 on Tuesday. The business’s fifty day moving average price is $4.38 and its 200-day moving average price is $5.19. The stock has a market capitalization of $53.61 million, a price-to-earnings ratio of -2.50 and a beta of 1.44. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.67 and a quick ratio of 0.67. DLH has a 1-year low of $3.38 and a 1-year high of $8.10.

DLH (NASDAQ:DLHC) last released its quarterly earnings results on Wednesday, July 29th. The business services provider reported ($1.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.99). DLH had a negative return on equity of 10.42% and a negative net margin of 8.51%.The firm had revenue of $44.23 million during the quarter, compared to analysts’ expectations of $50.00 million. On average, equities analysts predict that DLH will post -0.76 earnings per share for the current year.

Insiders Place Their Bets

In other DLH news, major shareholder Mink Brook Asset Management Ll purchased 9,422 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were acquired at an average price of $5.19 per share, for a total transaction of $48,900.18. Following the purchase, the insider directly owned 2,136,798 shares of the company’s stock, valued at $11,089,981.62. The trade was a 0.44% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased 53,986 shares of company stock valued at $263,214 in the last 90 days. 12.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DLH

An institutional investor recently bought a new stake in DLH stock. Bank of New York Mellon Corp bought a new stake in shares of DLH Holdings Corp. (NASDAQ:DLHC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,738 shares of the business services provider’s stock, valued at approximately $62,000. Bank of New York Mellon Corp owned approximately 0.08% of DLH as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 67.25% of the company’s stock.

About DLH

DLH Holdings Corp. (NASDAQ: DLHC) provides technology-enabled healthcare, human services, logistics and technical solutions primarily to agencies of the U.S. federal government. Its work supports public health, medical research, clinical care, military and veteran services, and government program operations.

The company’s offerings include healthcare delivery and administration, data analytics, information technology and digital transformation, scientific and technical support, medical logistics, and program management.