DLH (NASDAQ:DLHC) Cut to “Buy” at StockNews.com

StockNews.com lowered shares of DLH (NASDAQ:DLHC) from a strong-buy rating to a buy rating in a report issued on Saturday morning.

DLH Stock Performance

NASDAQ DLHC opened at $10.86 on Friday. The business has a 50 day moving average price of $12.94 and a 200 day moving average price of $14.30. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $154.54 million, a P/E ratio of 51.71 and a beta of 1.27. DLH has a 1-year low of $9.01 and a 1-year high of $17.58.

DLH (NASDAQ:DLHC) last announced its quarterly earnings results on Wednesday, May 1st. The business services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The firm had revenue of $101.01 million during the quarter, compared to analysts’ expectations of $99.00 million. DLH had a net margin of 0.76% and a return on equity of 7.66%. During the same quarter in the prior year, the business earned $0.06 EPS. Sell-side analysts expect that DLH will post 0.57 EPS for the current fiscal year.

Insider Activity at DLH

In related news, insider Jeanine M. Christian sold 3,826 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $16.99, for a total value of $65,003.74. Following the completion of the transaction, the insider now owns 21,125 shares of the company’s stock, valued at approximately $358,913.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 21.60% of the company’s stock.

Institutional Trading of DLH

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Minerva Advisors LLC boosted its holdings in shares of DLH by 16.7% during the third quarter. Minerva Advisors LLC now owns 505,581 shares of the business services provider’s stock worth $5,723,000 after purchasing an additional 72,173 shares during the last quarter. Cove Street Capital LLC grew its holdings in DLH by 14.6% in the 3rd quarter. Cove Street Capital LLC now owns 803,460 shares of the business services provider’s stock valued at $9,376,000 after buying an additional 102,275 shares during the period. Essex Investment Management Co. LLC acquired a new position in shares of DLH during the 3rd quarter valued at about $1,180,000. Legato Capital Management LLC lifted its holdings in shares of DLH by 3.2% during the 4th quarter. Legato Capital Management LLC now owns 39,164 shares of the business services provider’s stock worth $617,000 after acquiring an additional 1,203 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its holdings in DLH by 6.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 33,155 shares of the business services provider’s stock valued at $387,000 after purchasing an additional 1,872 shares during the period. 67.25% of the stock is owned by hedge funds and other 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).