DLH (NASDAQ:DLHC) Stock Price Passes Below 200 Day Moving Average – Here’s Why

DLH Holdings Corp. (NASDAQ:DLHC) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.80 and traded as low as $5.53. DLH shares last traded at $5.61, with a volume of 14,172 shares.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DLHC. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. Zacks Research raised shares of DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

DLH Stock Performance

The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00. The firm has a market cap of $81.31 million, a price-to-earnings ratio of -18.70 and a beta of 1.45. The stock has a fifty day moving average price of $5.76 and a 200 day moving average price of $5.80.

DLH (NASDAQ:DLHC) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The company had revenue of $59.27 million for the quarter, compared to analyst estimates of $58.00 million. DLH had a negative net margin of 1.53% and a negative return on equity of 4.00%. As a group, analysts predict that DLH Holdings Corp. will post -0.59 earnings per share for the current year.

Insider Activity at DLH

In related news, major shareholder Mink Brook Asset Management Ll acquired 68,547 shares of the stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $5.50 per share, with a total value of $377,008.50. Following the acquisition, the insider owned 2,051,938 shares in the company, valued at approximately $11,285,659. The trade was a 3.46% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders bought 89,377 shares of company stock worth $491,574. Corporate insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in shares of DLH by 31.9% during the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 1,855 shares during the period. Vanguard Group Inc. increased its position in shares of DLH by 1.2% during the third quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock valued at $2,795,000 after purchasing an additional 5,735 shares during the period. Minerva Advisors LLC increased its position in shares of DLH by 0.5% during the third quarter. Minerva Advisors LLC now owns 1,116,802 shares of the business services provider’s stock valued at $6,310,000 after purchasing an additional 6,059 shares during the period. Jane Street Group LLC bought a new stake in shares of DLH during the fourth quarter valued at approximately $58,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of DLH during the second quarter valued at approximately $73,000. Institutional investors and hedge funds own 67.25% of the company’s stock.

About DLH

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.