DLH (NASDAQ:DLHC) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

DLH Holdings Corp. (NASDAQ:DLHC)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.74 and traded as low as $5.85. DLH shares last traded at $5.88, with a volume of 58,523 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut DLH from a “buy” rating to a “hold” rating in a research note on Friday, February 7th.

DLH Trading Down 3.0 %

The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 1.21. The firm has a 50-day moving average of $7.50 and a 200 day moving average of $8.72. The stock has a market capitalization of $84.61 million, a price-to-earnings ratio of 13.36 and a beta of 1.18.

DLH (NASDAQ:DLHC) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. DLH had a return on equity of 5.82% and a net margin of 1.64%. As a group, equities analysts predict that DLH Holdings Corp. will post -0.11 EPS for the current fiscal year.

Insider Activity

In other news, CFO Kathryn M. Johnbull purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average cost of $7.76 per share, for a total transaction of $77,600.00. Following the completion of the purchase, the chief financial officer now directly owns 528,687 shares of the company’s stock, valued at approximately $4,102,611.12. The trade was a 1.93 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 15.30% of the company’s stock.

Hedge Funds Weigh In On DLH

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Minerva Advisors LLC lifted its stake in DLH by 24.2% during the third 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 raised its holdings in shares of DLH by 3.9% in the 3rd quarter. State Street Corp now owns 111,447 shares of the business services provider’s stock worth $1,043,000 after buying an additional 4,165 shares in the last quarter. Barclays PLC lifted its position in shares of DLH by 299.3% during the 3rd quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock worth $109,000 after buying an additional 8,782 shares during the period. BNP Paribas Financial Markets boosted its stake in DLH by 654.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider’s stock valued at $139,000 after buying an additional 12,906 shares in the last quarter. Finally, Albert D Mason Inc. grew its position in DLH by 10.7% in the fourth quarter. Albert D Mason Inc. now owns 103,575 shares of the business services provider’s stock valued at $832,000 after acquiring an additional 10,016 shares during the period. 67.25% of the stock is owned by institutional investors.

About DLH

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).