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

StockNews.com lowered shares of DLH (NASDAQ:DLHC) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

DLH Stock Up 5.8 %

NASDAQ DLHC opened at $8.03 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.25. DLH has a fifty-two week low of $7.34 and a fifty-two week high of $17.58. The business has a 50 day moving average price of $8.22 and a two-hundred day moving average price of $9.53. The stock has a market cap of $115.52 million, a PE ratio of 15.75 and a beta of 1.16.

Insider Activity at DLH

In related news, CFO Kathryn M. Johnbull purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average price of $7.76 per share, for a total transaction of $77,600.00. Following the completion of the purchase, the chief financial officer now owns 528,687 shares in the company, valued at approximately $4,102,611.12. This represents a 1.93 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 21.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DLHC. Minerva Advisors LLC grew its stake in DLH by 24.2% in the third quarter. Minerva Advisors LLC now owns 636,377 shares of the business services provider’s stock worth $5,950,000 after purchasing an additional 123,796 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of DLH by 24.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 233,800 shares of the business services provider’s stock worth $2,469,000 after acquiring an additional 45,915 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of DLH in the 2nd quarter valued at approximately $1,013,000. BNP Paribas Financial Markets raised its position in shares of DLH by 654.8% during 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. Finally, Rhumbline Advisers bought a new position in DLH during the second quarter worth $90,000. 67.25% of the stock is owned by institutional investors and hedge funds.

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).