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

DLH Holdings Corp. (NASDAQ:DLHC)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.60 and traded as low as $4.63. DLH shares last traded at $4.68, with a volume of 16,250 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DLHC. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a research note on Friday, July 17th. Noble Financial restated an “outperform” rating on shares of DLH in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

DLH Trading Down 1.7%

The firm has a market capitalization of $67.52 million, a P/E ratio of -3.15 and a beta of 1.47. The business’s 50-day moving average is $5.24 and its 200 day moving average is $5.59. 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 (NASDAQ:DLHC) last posted its quarterly earnings data 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 net margin of 8.51% and a negative return on equity of 10.42%. The business had revenue of $44.23 million during the quarter, compared to the consensus estimate of $50.00 million.

Insider Buying and Selling at DLH

In related news, major shareholder Mink Brook Asset Management Ll purchased 7,944 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was acquired at an average cost of $4.96 per share, for a total transaction of $39,402.24. Following the completion of the purchase, the insider owned 2,166,724 shares in the company, valued at approximately $10,746,951.04. This represents a 0.37% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 116,748 shares of company stock valued at $616,618 in the last three months. 12.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DLH

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in shares of DLH by 31.9% during the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock worth $62,000 after purchasing an additional 1,855 shares in the last quarter. Strs Ohio bought a new stake in DLH during the first quarter worth about $185,000. Qube Research & Technologies Ltd acquired a new stake in DLH during the second quarter worth about $73,000. Jane Street Group LLC bought a new position in DLH in the 2nd quarter valued at about $65,000. Finally, Vanguard Group Inc. increased its holdings in DLH by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock valued at $2,795,000 after buying an additional 5,735 shares during the period. 67.25% of the stock is owned by institutional investors and hedge funds.

DLH Company Profile

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.