DLH (NASDAQ:DLHC) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

DLH Holdings Corp. (NASDAQ:DLHC)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.14 and traded as low as $4.93. DLH shares last traded at $4.98, with a volume of 46,411 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded DLH from a “buy” rating to a “hold” rating in a report on Friday, February 7th.

DLH Stock Down 4.6 %

The firm has a market cap of $71.64 million, a price-to-earnings ratio of 11.32 and a beta of 1.40. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.21. The firm has a 50 day moving average price of $6.73 and a 200-day moving average price of $8.14.

DLH (NASDAQ:DLHC) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. DLH had a return on equity of 5.82% and a net margin of 1.64%. On average, equities analysts forecast that DLH Holdings Corp. will post -0.13 EPS for the current year.

Insider Transactions at DLH

In other news, CFO Kathryn M. Johnbull bought 10,000 shares of the business’s stock in a transaction that occurred 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 purchase, the chief financial officer now owns 528,687 shares of the company’s stock, valued at $4,102,611.12. This trade represents a 1.93 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 15.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DLHC. Bank of America Corp DE raised its stake in DLH by 31.9% in the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 1,855 shares during the last quarter. Barclays PLC raised its stake in DLH by 299.3% in the 3rd quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 8,782 shares during the last quarter. BNP Paribas Financial Markets raised 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 purchasing an additional 12,906 shares during the last quarter. JPMorgan Chase & Co. raised its stake in DLH by 643.6% in the 4th quarter. JPMorgan Chase & Co. now owns 27,386 shares of the business services provider’s stock valued at $220,000 after purchasing an additional 23,703 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in DLH by 27.6% in the 4th quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider’s stock valued at $315,000 after buying an additional 8,481 shares during the period. Institutional investors and hedge funds own 67.25% of the company’s stock.

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).