DLH (NASDAQ:DLHC) Stock Rating Lowered by Zacks Research

DLH (NASDAQ:DLHC) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of DLH in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

DLH Trading Down 1.1%

DLH stock opened at $5.56 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.00 and a current ratio of 1.00. DLH has a fifty-two week low of $2.72 and a fifty-two week high of $8.45. The stock has a market cap of $80.56 million, a P/E ratio of 55.61 and a beta of 1.56. The firm’s fifty day moving average price is $5.89 and its 200-day moving average price is $5.70.

DLH (NASDAQ:DLHC) last posted its earnings results on Wednesday, December 10th. The business services provider reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.08). The business had revenue of $81.16 million for the quarter, compared to analysts’ expectations of $83.50 million. DLH had a return on equity of 1.21% and a net margin of 0.40%.During the same quarter in the previous year, the firm earned $0.16 earnings per share. Equities research analysts forecast that DLH will post -0.13 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Mink Brook Asset Management Ll acquired 44,208 shares of DLH stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $243,144.00. Following the transaction, the insider owned 1,931,447 shares of the company’s stock, valued at $10,622,958.50. This trade represents a 2.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders bought 59,498 shares of company stock valued at $327,239. 15.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DLHC. Mink Brook Asset Management LLC lifted its holdings in shares of DLH by 64.5% in the 2nd quarter. Mink Brook Asset Management LLC now owns 2,366,765 shares of the business services provider’s stock worth $13,822,000 after acquiring an additional 928,258 shares during the last quarter. RBF Capital LLC purchased a new position in DLH in the 2nd quarter worth $1,314,000. Nuveen LLC bought a new stake in DLH in the first quarter worth $44,000. Russell Investments Group Ltd. boosted its position in DLH by 19.5% during the first quarter. Russell Investments Group Ltd. now owns 60,329 shares of the business services provider’s stock valued at $244,000 after buying an additional 9,828 shares during the period. Finally, Minerva Advisors LLC boosted its position in DLH by 9.1% during the second quarter. Minerva Advisors LLC now owns 1,110,743 shares of the business services provider’s stock valued at $6,442,000 after buying an additional 92,346 shares during the period. 67.25% of the stock is currently owned by institutional investors.

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).