DLH (NASDAQ:DLHC) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of DLH Holdings Corp. (NASDAQ:DLHC) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.78 and traded as low as $5.51. DLH shares last traded at $5.51, with a volume of 9,956 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DLHC shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a research report on Monday, April 20th. Zacks Research raised shares of DLH from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, DLH presently has a consensus rating of “Reduce”.

DLH Stock Down 0.2%

The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $79.86 million, a PE ratio of -18.37 and a beta of 1.45. The business’s 50-day simple moving average is $5.73 and its 200-day simple moving average is $5.78.

DLH (NASDAQ:DLHC) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share (EPS) 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 research analysts anticipate that DLH Holdings Corp. will post -0.59 EPS for the current fiscal year.

Insider Transactions at DLH

In other DLH news, major shareholder Mink Brook Asset Management Ll purchased 68,547 shares of DLH stock in a transaction on Wednesday, May 13th. The stock was bought at an average cost of $5.50 per share, with a total value of $377,008.50. Following the transaction, the insider owned 2,051,938 shares of the company’s stock, valued at $11,285,659. This represents a 3.46% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have purchased 89,497 shares of company stock worth $492,234. Company insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On DLH

Institutional investors have recently bought and sold shares of the business. North Star Investment Management Corp. acquired a new stake in shares of DLH during the 1st quarter worth approximately $786,000. Sandia Investment Management LP acquired a new stake in shares of DLH during the 4th quarter worth approximately $197,000. Rothschild Wealth LLC acquired a new stake in shares of DLH during the 4th quarter worth approximately $928,000. Mink Brook Asset Management LLC grew its stake in shares of DLH by 2.3% during the 4th quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock worth $14,836,000 after purchasing an additional 59,498 shares during the period. Finally, State Street Corp grew its stake in shares of DLH by 28.7% during the 4th quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock worth $337,000 after purchasing an additional 13,300 shares during the period. 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.