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 report released on Saturday.

DLH Price Performance

Shares of DLHC stock opened at $11.38 on Friday. The stock has a 50 day moving average of $13.14 and a two-hundred day moving average of $14.34. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.45. DLH has a 12 month low of $9.01 and a 12 month high of $17.58. The company has a market capitalization of $161.94 million, a P/E ratio of 54.19 and a beta of 1.27.

DLH (NASDAQ:DLHC) last announced its quarterly earnings data on Wednesday, May 1st. The business services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The firm had revenue of $101.01 million during the quarter, compared to the consensus estimate of $99.00 million. DLH had a return on equity of 7.71% and a net margin of 0.76%. During the same quarter in the prior year, the business posted $0.06 EPS. As a group, equities analysts expect that DLH will post 0.55 EPS for the current year.

Insider Buying and Selling

In related news, insider Jeanine M. Christian sold 3,826 shares of the firm’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 completion of the transaction, the insider now owns 21,125 shares in the company, valued at approximately $358,913.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 21.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DLH

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cove Street Capital LLC raised its position in DLH by 14.6% in the 3rd quarter. Cove Street Capital LLC now owns 803,460 shares of the business services provider’s stock valued at $9,376,000 after purchasing an additional 102,275 shares during the last quarter. Wasatch Advisors LP raised its position 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 purchasing an additional 47,866 shares during the last quarter. Minerva Advisors LLC raised its position 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 purchasing an additional 72,173 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in DLH in the 3rd quarter valued at $1,180,000. Finally, Legato Capital Management LLC raised its position 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 purchasing an additional 1,203 shares during the last quarter. 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).