DLH (NASDAQ:DLHC) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

DLH (NASDAQ:DLHC) posted its quarterly earnings results on Monday. The business services provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02), FiscalAI reports. The business had revenue of $68.89 million during the quarter, compared to analyst estimates of $70.15 million. DLH had a net margin of 0.40% and a return on equity of 1.21%.

DLH Stock Performance

DLH stock traded down $0.03 during midday trading on Monday, hitting $5.84. 16,337 shares of the company’s stock were exchanged, compared to its average volume of 8,617. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $84.62 million, a price-to-earnings ratio of 58.41 and a beta of 1.60. DLH has a 12-month low of $2.72 and a 12-month high of $8.10. The firm’s 50 day simple moving average is $5.79 and its 200 day simple moving average is $5.75.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Zacks Research lowered shares of DLH from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 17th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Insider Buying and Selling at DLH

In other news, major shareholder Mink Brook Asset Management Ll acquired 44,208 shares of the stock in a transaction that occurred on 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 directly owned 1,931,447 shares in the company, valued at approximately $10,622,958.50. This represents a 2.34% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought a total of 50,237 shares of company stock worth $276,304 in the last three months. 12.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in shares of DLH by 31.9% during the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock worth $62,000 after buying an additional 1,855 shares in the last quarter. Jane Street Group LLC acquired a new stake in DLH during the second quarter worth approximately $65,000. Qube Research & Technologies Ltd purchased a new stake in DLH in the 2nd quarter worth approximately $73,000. Strs Ohio acquired a new position in DLH in the 1st quarter valued at $185,000. Finally, Vanguard Group Inc. raised its holdings in DLH by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock valued at $2,795,000 after acquiring an additional 5,735 shares during the last quarter. 67.25% of the stock is currently owned by institutional investors and hedge funds.

About DLH

DLH Holdings Corp. (NASDAQ: DLHC) is a provider of mission-driven professional services primarily to federal government agencies and select commercial clients. The company designs and delivers tailored solutions across a range of critical mission areas, including program and project management, consulting, technical assistance, and administrative support. Through its Healthcare Solutions offerings, DLH also specializes in supporting clinical and allied health staffing needs for federal health agencies and health systems.

Operating under its Federal Solutions segment, DLH partners with agencies such as the Department of Veterans Affairs, Department of Defense, Department of Homeland Security, and the Department of Health and Human Services.