DLH (NASDAQ:DLHC) Stock Price Passes Below 200 Day Moving Average – Here’s Why

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 trading hands.

Analyst Ratings Changes

Several brokerages have recently commented on DLHC. Zacks Research raised DLH from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a report on Monday, April 20th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce”.

DLH Stock Performance

The firm has a 50 day moving average of $5.76 and a 200-day moving average of $5.80. The stock has a market capitalization of $81.31 million, a PE ratio of -18.70 and a beta of 1.45. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.87 and a current ratio of 0.87.

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

Insider Transactions at DLH

In other DLH news, major shareholder Mink Brook Asset Management Ll acquired 7,494 shares of DLH 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 purchase, the insider owned 2,072,572 shares in the company, valued at approximately $11,399,146. The trade was a 0.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders bought 89,377 shares of company stock valued at $491,574. 12.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DLH

Several hedge funds have recently bought and sold shares of the business. North Star Investment Management Corp. purchased a new stake in DLH in the 1st quarter worth about $786,000. Sandia Investment Management LP purchased a new stake in DLH in the 4th quarter worth about $197,000. Rothschild Wealth LLC purchased a new stake in DLH in the 4th quarter worth about $928,000. Mink Brook Asset Management LLC raised 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 in the last quarter. Finally, State Street Corp raised 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 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.