DLH (NASDAQ:DLHC) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

DLH Holdings Corp. (NASDAQ:DLHC) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.64 and traded as low as $7.65. DLH shares last traded at $7.81, with a volume of 22,103 shares changing hands.

DLH Stock Up 1.7 %

The company has a debt-to-equity ratio of 1.25, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a 50-day moving average price of $8.27 and a 200 day moving average price of $9.64. The company has a market cap of $112.35 million, a price-to-earnings ratio of 15.31 and a beta of 1.16.

Insider Activity

In other DLH news, CFO Kathryn M. Johnbull bought 10,000 shares of the stock in a transaction on Tuesday, December 17th. The stock was purchased at an average price of $7.76 per share, with a total value of $77,600.00. Following the completion of the purchase, the chief financial officer now owns 528,687 shares in the company, valued at $4,102,611.12. The trade was a 1.93 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 21.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DLHC. Minerva Advisors LLC grew its position in DLH by 24.2% during the 3rd quarter. Minerva Advisors LLC now owns 636,377 shares of the business services provider’s stock worth $5,950,000 after acquiring an additional 123,796 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of DLH by 24.4% during the second quarter. Dimensional Fund Advisors LP now owns 233,800 shares of the business services provider’s stock worth $2,469,000 after purchasing an additional 45,915 shares during the last quarter. State Street Corp grew its holdings in shares of DLH by 3.9% during the third quarter. State Street Corp now owns 111,447 shares of the business services provider’s stock worth $1,043,000 after purchasing an additional 4,165 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of DLH in the second quarter valued at approximately $1,013,000. Finally, Albert D Mason Inc. raised its holdings in DLH by 1.5% in the 3rd quarter. Albert D Mason Inc. now owns 93,559 shares of the business services provider’s stock valued at $876,000 after buying an additional 1,403 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).