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

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

Other analysts have also issued research reports about the company. Noble Financial reiterated 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 report on Friday, July 17th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

DLH Price Performance

DLH stock opened at $3.70 on Tuesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market cap of $53.61 million, a price-to-earnings ratio of -2.50 and a beta of 1.44. The firm has a 50-day moving average of $4.38 and a two-hundred day moving average of $5.19. DLH has a 1 year low of $3.38 and a 1 year high of $8.10.

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

Insider Activity

In other DLH news, major shareholder Mink Brook Asset Management Ll acquired 9,422 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were purchased at an average cost of $5.19 per share, for a total transaction of $48,900.18. Following the completion of the purchase, the insider owned 2,136,798 shares in the company, valued at approximately $11,089,981.62. This trade represents a 0.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have purchased 53,986 shares of company stock worth $263,214 in the last 90 days. 12.80% of the stock is currently owned by company insiders.

Institutional Trading of DLH

An institutional investor recently bought a new stake in DLH stock. North Star Investment Management Corp. acquired a new stake in shares of DLH Holdings Corp. (NASDAQ:DLHC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 135,000 shares of the business services provider’s stock, valued at approximately $786,000. North Star Investment Management Corp. owned approximately 0.93% of DLH as of its most recent SEC filing. 67.25% of the stock is owned by institutional investors and hedge funds.

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.