StockNews.com Downgrades DLH (NASDAQ:DLHC) to Buy

DLH (NASDAQ:DLHC) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

DLH Stock Performance

Shares of DLHC stock opened at $11.38 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 1.38. DLH has a 12-month low of $9.01 and a 12-month high of $17.58. The company has a market cap of $161.94 million, a price-to-earnings ratio of 54.19 and a beta of 1.27. The stock has a 50 day simple moving average of $13.04 and a 200-day simple moving average of $14.32.

DLH (NASDAQ:DLHC) last released its quarterly earnings data on Wednesday, May 1st. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). DLH had a return on equity of 7.66% and a net margin of 0.76%. The business had revenue of $101.01 million during the quarter, compared to analysts’ expectations of $99.00 million. During the same quarter in the previous year, the company posted $0.06 EPS. On average, equities analysts forecast that DLH will post 0.57 EPS for the current year.

Insider Buying and Selling at DLH

In other news, insider Jeanine M. Christian sold 3,826 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $16.99, for a total transaction of $65,003.74. Following the sale, the insider now owns 21,125 shares of the company’s stock, valued at approximately $358,913.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 21.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DLH

Large investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. grew its stake in DLH by 6.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 33,155 shares of the business services provider’s stock valued at $387,000 after acquiring an additional 1,872 shares during the last quarter. Legato Capital Management LLC grew its stake in DLH by 3.2% in the 4th quarter. Legato Capital Management LLC now owns 39,164 shares of the business services provider’s stock valued at $617,000 after acquiring an additional 1,203 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in DLH in the 3rd quarter valued at about $1,180,000. Minerva Advisors LLC grew its stake in DLH by 16.7% in the 3rd quarter. Minerva Advisors LLC now owns 505,581 shares of the business services provider’s stock valued at $5,723,000 after acquiring an additional 72,173 shares during the last quarter. Finally, Wasatch Advisors LP grew its stake in DLH by 9.6% in the 4th quarter. Wasatch Advisors LP now owns 548,217 shares of the business services provider’s stock valued at $8,634,000 after acquiring an additional 47,866 shares during the last quarter. 67.25% of the stock is owned by institutional investors and hedge funds.

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).