DLH (NASDAQ:DLHC) Share Price Crosses Below 200-Day Moving Average of $14.54

DLH Holdings Corp. (NASDAQ:DLHC)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.54 and traded as low as $11.11. DLH shares last traded at $11.12, with a volume of 15,930 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded DLH from a “buy” rating to a “strong-buy” rating in a research report on Thursday.

DLH Price Performance

The company has a fifty day moving average of $14.35 and a 200-day moving average of $14.54. The firm has a market cap of $158.24 million, a P/E ratio of 74.14 and a beta of 1.20. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.01 and a quick ratio of 1.01.

DLH (NASDAQ:DLHC) last announced its quarterly earnings results on Wednesday, January 31st. The business services provider reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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. On average, sell-side analysts anticipate that DLH Holdings Corp. will post 0.55 EPS for the current fiscal 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 sale, the insider now owns 21,125 shares in the company, valued at $358,913.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 21.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Group AG purchased a new position in shares of DLH during the 2nd quarter valued at $33,000. Providence Capital Advisors LLC purchased a new stake in DLH during the 1st quarter worth about $200,000. Citigroup Inc. purchased a new stake in DLH during the 1st quarter worth about $28,000. Barclays PLC lifted its holdings in DLH by 334.5% during the 4th quarter. Barclays PLC now owns 8,881 shares of the business services provider’s stock worth $140,000 after purchasing an additional 6,837 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in DLH during the 3rd quarter worth about $123,000. Hedge funds and other institutional investors own 67.25% of the company’s stock.

DLH Company Profile

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).