DLH (NASDAQ:DLHC) Receives Sell (D) Rating from Weiss Ratings

DLH (NASDAQ:DLHC)‘s stock had its “sell (d)” rating reissued by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

DLH Stock Up 1.2%

Shares of DLHC opened at $5.75 on Friday. The firm has a market cap of $82.74 million, a P/E ratio of 17.97 and a beta of 1.35. The stock’s 50 day moving average is $5.60 and its two-hundred day moving average is $5.19. DLH has a 12 month low of $2.72 and a 12 month high of $9.58. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09.

DLH (NASDAQ:DLHC) last released its earnings results on Wednesday, August 6th. The business services provider reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $83.34 million for the quarter, compared to the consensus estimate of $83.00 million. DLH had a return on equity of 4.08% and a net margin of 1.27%. Analysts predict that DLH will post -0.13 earnings per share for the current fiscal year.

Insider Buying and Selling at DLH

In other news, major shareholder Mink Brook Asset Management Ll bought 18,016 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were acquired at an average price of $5.50 per share, for a total transaction of $99,088.00. Following the completion of the transaction, the insider directly owned 1,837,377 shares in the company, valued at $10,105,573.50. The trade was a 0.99% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders purchased a total of 71,659 shares of company stock valued at $394,125 in the last quarter. Company insiders own 15.30% of the company’s stock.

Hedge Funds Weigh In On DLH

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mink Brook Asset Management LLC lifted its position in shares of DLH by 5.1% in the first quarter. Mink Brook Asset Management LLC now owns 1,438,507 shares of the business services provider’s stock valued at $5,826,000 after acquiring an additional 69,719 shares in the last quarter. Corton Capital Inc. acquired a new position in DLH during the first quarter worth $71,000. Minerva Advisors LLC boosted its stake in DLH by 20.2% during the first quarter. Minerva Advisors LLC now owns 1,018,397 shares of the business services provider’s stock worth $4,125,000 after buying an additional 170,805 shares during the last quarter. Wealthedge Investment Advisors LLC boosted its stake in DLH by 236.4% during the first quarter. Wealthedge Investment Advisors LLC now owns 47,838 shares of the business services provider’s stock worth $194,000 after buying an additional 33,619 shares during the last quarter. Finally, Nuveen LLC acquired a new position in DLH during the first quarter worth $44,000. Hedge funds and other institutional investors 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).