DLH (NASDAQ:DLHC) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of DLH (NASDAQ:DLHC) from a hold rating to a buy rating in a research report released on Friday.

DLH Trading Up 0.5%

Shares of NASDAQ:DLHC opened at $4.10 on Friday. DLH has a 12-month low of $2.72 and a 12-month high of $12.23. The business’s fifty day simple moving average is $4.00 and its 200-day simple moving average is $6.32. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $58.98 million, a PE ratio of 9.32 and a beta of 1.33.

DLH (NASDAQ:DLHC) last announced its earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $89.21 million for the quarter, compared to analysts’ expectations of $90.00 million. DLH had a return on equity of 5.82% and a net margin of 1.64%. As a group, equities research analysts predict that DLH will post -0.13 earnings per share for the current fiscal year.

Insider Activity

In other DLH news, major shareholder Mink Brook Asset Management Ll purchased 9,660 shares of DLH stock in a transaction that occurred on Friday, May 2nd. The stock was bought at an average price of $3.91 per share, with a total value of $37,770.60. Following the acquisition, the insider now owns 1,358,522 shares of the company’s stock, valued at $5,311,821.02. This trade represents a 0.72% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased a total of 45,694 shares of company stock valued at $175,065 in the last quarter. 15.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DLH

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE raised its holdings in DLH by 31.9% in the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock worth $62,000 after purchasing an additional 1,855 shares during the period. Renaissance Technologies LLC grew its holdings in shares of DLH by 2.7% during the fourth quarter. Renaissance Technologies LLC now owns 270,068 shares of the business services provider’s stock worth $2,169,000 after buying an additional 7,000 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of DLH by 27.6% during the fourth quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider’s stock worth $315,000 after buying an additional 8,481 shares in the last quarter. Barclays PLC grew its holdings in shares of DLH by 299.3% during the third quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock worth $109,000 after buying an additional 8,782 shares in the last quarter. Finally, Albert D Mason Inc. grew its holdings in shares of DLH by 10.7% during the fourth quarter. Albert D Mason Inc. now owns 103,575 shares of the business services provider’s stock worth $832,000 after buying an additional 10,016 shares in the last quarter. Institutional investors and hedge funds own 67.25% of the company’s stock.

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).