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

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

DLH Stock Performance

NASDAQ:DLHC opened at $6.35 on Friday. DLH has a 1-year low of $6.15 and a 1-year high of $17.58. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.04 and a quick ratio of 0.99. The business has a 50 day moving average of $7.75 and a 200 day moving average of $8.90. The company has a market capitalization of $91.38 million, a price-to-earnings ratio of 14.43 and a beta of 1.18.

DLH (NASDAQ:DLHC) last released its earnings results on Wednesday, February 5th. The business services provider reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. DLH had a net margin of 1.64% and a return on equity of 5.82%. On average, sell-side analysts predict that DLH will post -0.11 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Investors Weigh In On DLH

Large investors have recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of DLH by 299.3% during the third quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 8,782 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in 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 purchasing an additional 12,906 shares during the period. Squarepoint Ops LLC bought a new position in DLH during the 2nd quarter valued at approximately $367,000. Bank of New York Mellon Corp lifted 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 worth $315,000 after buying an additional 8,481 shares during the period. Finally, Albert D Mason Inc. grew its position in shares of DLH by 1.5% in the 3rd quarter. Albert D Mason Inc. now owns 93,559 shares of the business services provider’s stock worth $876,000 after buying an additional 1,403 shares during the last quarter. Institutional investors 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).