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

StockNews.com downgraded shares of DLH (NASDAQ:DLHC) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday.

DLH Stock Performance

Shares of NASDAQ DLHC traded up $0.46 during midday trading on Friday, reaching $11.38. The company had a trading volume of 73,752 shares, compared to its average volume of 36,380. The stock has a market cap of $161.94 million, a P/E ratio of 54.19 and a beta of 1.27. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 1.38. DLH has a 1 year low of $9.01 and a 1 year high of $17.58. The business’s 50-day simple moving average is $13.04 and its 200 day simple moving average is $14.32.

DLH (NASDAQ:DLHC) last issued its earnings results on Wednesday, May 1st. The business services provider reported $0.12 earnings per share (EPS) 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 return on equity of 7.66% and a net margin of 0.76%. During the same quarter last year, the business earned $0.06 EPS. On average, analysts forecast that DLH will post 0.57 earnings per share for the current fiscal year.

Insider Activity at DLH

In other news, insider Jeanine M. Christian sold 3,826 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $16.99, for a total value of $65,003.74. Following the sale, the insider now owns 21,125 shares in the company, valued at $358,913.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.60% of the stock is owned by insiders.

Institutional Trading of DLH

Hedge funds have recently modified their holdings of the stock. Cove Street Capital LLC boosted its holdings in DLH by 14.6% during the third quarter. Cove Street Capital LLC now owns 803,460 shares of the business services provider’s stock worth $9,376,000 after buying an additional 102,275 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of DLH in the third quarter worth about $1,180,000. Minerva Advisors LLC boosted its stake in shares of DLH by 16.7% during the 3rd quarter. Minerva Advisors LLC now owns 505,581 shares of the business services provider’s stock worth $5,723,000 after acquiring an additional 72,173 shares in the last quarter. Wasatch Advisors LP grew its position in shares of DLH by 9.6% during the 4th quarter. Wasatch Advisors LP now owns 548,217 shares of the business services provider’s stock valued at $8,634,000 after acquiring an additional 47,866 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of DLH by 6.0% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 67.25% of the company’s stock.

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).