DLH (NASDAQ:DLHC) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of DLH Holdings Corp. (NASDAQ:DLHC) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.80 and traded as low as $5.53. DLH shares last traded at $5.61, with a volume of 14,172 shares.

Wall Street Analyst Weigh In

DLHC has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a report on Monday, April 20th. Zacks Research upgraded DLH from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, DLH presently has a consensus rating of “Reduce”.

DLH Trading Down 1.1%

The business has a fifty day moving average price of $5.75 and a 200 day moving average price of $5.80. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $80.85 million, a price-to-earnings ratio of -18.60 and a beta of 1.45.

DLH (NASDAQ:DLHC) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). DLH had a negative return on equity of 4.00% and a negative net margin of 1.53%.The business had revenue of $59.27 million for the quarter, compared to analysts’ expectations of $58.00 million. As a group, equities analysts forecast that DLH Holdings Corp. will post -0.59 earnings per share for the current year.

Insiders Place Their Bets

In other DLH news, major shareholder Mink Brook Asset Management Ll purchased 7,494 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average cost of $5.50 per share, with a total value of $41,217.00. Following the transaction, the insider owned 2,072,572 shares in the company, valued at approximately $11,399,146. This trade represents a 0.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders have acquired 89,377 shares of company stock worth $491,574. 12.80% of the stock is currently owned by corporate insiders.

Institutional Trading of DLH

Institutional investors have recently added to or reduced their stakes in the business. Mink Brook Asset Management LLC boosted its position in DLH by 8.4% during the 3rd quarter. Mink Brook Asset Management LLC now owns 2,566,349 shares of the business services provider’s stock worth $14,500,000 after purchasing an additional 199,584 shares during the period. Sandia Investment Management LP purchased a new stake in DLH during the 4th quarter worth $197,000. Jane Street Group LLC acquired a new position in DLH in the 4th quarter worth $58,000. Qube Research & Technologies Ltd acquired a new position in DLH in the 2nd quarter worth $73,000. Finally, State Street Corp lifted its holdings in DLH by 28.7% in the 4th quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock worth $337,000 after buying an additional 13,300 shares in the last quarter. 67.25% of the stock is owned by hedge funds and other institutional investors.

DLH Company Profile

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.