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

StockNews.com cut shares of DLH (NASDAQ:DLHC) from a strong-buy rating to a buy rating in a report issued on Wednesday morning.

DLH Price Performance

Shares of NASDAQ DLHC opened at $12.27 on Wednesday. DLH has a twelve month low of $9.01 and a twelve month high of $17.58. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $174.61 million, a price-to-earnings ratio of 81.80 and a beta of 1.20. The business has a 50 day simple moving average of $14.82 and a 200-day simple moving average of $14.55.

DLH (NASDAQ:DLHC) last issued its quarterly earnings results on Wednesday, January 31st. The business services provider reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. DLH had a return on equity of 6.78% and a net margin of 0.51%. The business had revenue of $97.85 million during the quarter, compared to the consensus estimate of $101.00 million. As a group, equities research analysts expect that DLH will post 0.55 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jeanine M. Christian sold 3,826 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 21,125 shares in the company, valued at approximately $358,913.75. The sale was disclosed in a document filed with the SEC, which is available through this link. 21.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in DLH by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 99,240 shares of the business services provider’s stock worth $1,177,000 after buying an additional 1,080 shares during the last quarter. Northern Trust Corp boosted its position in DLH by 5.1% during the 2nd quarter. Northern Trust Corp now owns 23,810 shares of the business services provider’s stock worth $244,000 after acquiring an additional 1,156 shares during the period. Legato Capital Management LLC boosted its position in DLH by 3.2% during the 4th quarter. Legato Capital Management LLC now owns 39,164 shares of the business services provider’s stock worth $617,000 after acquiring an additional 1,203 shares during the period. State Street Corp boosted its position in DLH by 4.2% during the 3rd quarter. State Street Corp now owns 35,009 shares of the business services provider’s stock worth $430,000 after acquiring an additional 1,400 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its position in DLH by 6.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 33,155 shares of the business services provider’s stock worth $387,000 after acquiring an additional 1,872 shares during the period. 67.25% of the stock is currently owned by institutional investors.

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).