StockNews.com Downgrades DLH (NASDAQ:DLHC) to Buy

DLH (NASDAQ:DLHC) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.

DLH Stock Performance

Shares of NASDAQ:DLHC opened at $10.94 on Friday. The business’s fifty day moving average price is $13.57 and its two-hundred day moving average price is $14.46. DLH has a fifty-two week low of $9.01 and a fifty-two week high of $17.58. The stock has a market capitalization of $155.68 million, a price-to-earnings ratio of 72.94 and a beta of 1.20. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.01 and a quick ratio of 1.01.

DLH (NASDAQ:DLHC) last announced its earnings results on Wednesday, January 31st. The business services provider reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. The company had revenue of $97.85 million for the quarter, compared to analysts’ expectations of $101.00 million. DLH had a return on equity of 6.78% and a net margin of 0.51%. As a group, analysts predict that DLH will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling at DLH

In other DLH news, insider Jeanine M. Christian sold 3,826 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $16.99, for a total value of $65,003.74. Following the transaction, the insider now owns 21,125 shares of the company’s stock, valued at $358,913.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 21.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Cove Street Capital LLC grew its stake in DLH by 14.6% in the third quarter. Cove Street Capital LLC now owns 803,460 shares of the business services provider’s stock valued at $9,376,000 after purchasing an additional 102,275 shares in the last quarter. Wasatch Advisors LP grew its stake in DLH by 9.6% in the fourth quarter. Wasatch Advisors LP now owns 548,217 shares of the business services provider’s stock valued at $8,634,000 after purchasing an additional 47,866 shares in the last quarter. Minerva Advisors LLC grew its stake in 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 purchasing an additional 72,173 shares in the last quarter. Essex Investment Management Co. LLC bought a new position in DLH in the third quarter valued at approximately $1,180,000. Finally, Legato Capital Management LLC grew its stake in DLH by 3.2% in the fourth quarter. Legato Capital Management LLC now owns 39,164 shares of the business services provider’s stock valued at $617,000 after purchasing an additional 1,203 shares in the last quarter. 67.25% of the stock is currently 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).