DLH (NASDAQ:DLHC) Lowered to “Hold” Rating by StockNews.com

DLH (NASDAQ:DLHC) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

DLH Stock Performance

DLHC stock traded up $0.02 during midday trading on Friday, hitting $6.35. The stock had a trading volume of 71,528 shares, compared to its average volume of 35,761. The firm has a market capitalization of $91.38 million, a price-to-earnings ratio of 12.45 and a beta of 1.18. DLH has a 52 week low of $6.15 and a 52 week high of $17.58. The stock has a 50-day simple moving average of $7.75 and a 200 day simple moving average of $8.93. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.25.

DLH (NASDAQ:DLHC) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. DLH had a return on equity of 6.88% and a net margin of 1.87%. As a group, equities research analysts anticipate that DLH will post -0.11 earnings per share for the current year.

Insider Activity at DLH

In other news, CFO Kathryn M. Johnbull acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of $7.76 per share, for a total transaction of $77,600.00. Following the completion of the transaction, the chief financial officer now directly owns 528,687 shares in the company, valued at $4,102,611.12. This trade represents a 1.93 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.30% of the stock is currently owned by company insiders.

Institutional Trading of DLH

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DLHC. Barclays PLC grew 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 lifted 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 acquiring an additional 12,906 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of DLH by 27.6% during the 4th quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider’s stock worth $315,000 after purchasing an additional 8,481 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of DLH during the 2nd quarter worth approximately $367,000. Finally, Albert D Mason Inc. increased its holdings in shares of DLH by 10.7% during the 4th quarter. Albert D Mason Inc. now owns 103,575 shares of the business services provider’s stock worth $832,000 after acquiring an additional 10,016 shares during the last quarter. 67.25% of the stock is currently owned by institutional investors and hedge funds.

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).