DLH (NASDAQ:DLHC) Upgraded at Zacks Research

Zacks Research upgraded shares of DLH (NASDAQ:DLHC) from a strong sell rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a report on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

DLH Stock Performance

Shares of DLHC opened at $6.02 on Monday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.97 and a current ratio of 0.97. DLH has a twelve month low of $2.72 and a twelve month high of $8.10. The firm’s 50 day moving average price is $5.79 and its two-hundred day moving average price is $5.80. The firm has a market cap of $87.23 million, a P/E ratio of -85.99 and a beta of 1.57.

DLH (NASDAQ:DLHC) last announced its quarterly earnings results on Monday, February 9th. The business services provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). DLH had a negative net margin of 0.33% and a negative return on equity of 0.95%. The company had revenue of $68.89 million during the quarter, compared to the consensus estimate of $70.15 million. On average, analysts forecast that DLH will post -0.13 EPS for the current fiscal year.

Insider Activity

In other DLH news, major shareholder Mink Brook Asset Management Ll acquired 8,048 shares of the stock in a transaction dated Thursday, February 19th. The shares were bought at an average cost of $5.50 per share, for a total transaction of $44,264.00. Following the completion of the acquisition, the insider directly owned 1,983,195 shares of the company’s stock, valued at approximately $10,907,572.50. This trade represents a 0.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 46,839 shares of company stock valued at $257,615 in the last 90 days. 12.80% of the stock is owned by company insiders.

Institutional Trading of DLH

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in DLH by 31.9% during the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock worth $62,000 after buying an additional 1,855 shares during the last quarter. Jane Street Group LLC acquired a new position in DLH during the fourth quarter worth $58,000. Qube Research & Technologies Ltd acquired a new position in DLH during the second quarter worth $73,000. Sandia Investment Management LP acquired a new position in DLH during the fourth quarter worth $197,000. Finally, Strs Ohio acquired a new position in DLH during the first quarter worth $185,000. 67.25% of the stock is currently owned by institutional investors and hedge funds.

About DLH

DLH Holdings Corp. (NASDAQ: DLHC) is a provider of mission-driven professional services primarily to federal government agencies and select commercial clients. The company designs and delivers tailored solutions across a range of critical mission areas, including program and project management, consulting, technical assistance, and administrative support. Through its Healthcare Solutions offerings, DLH also specializes in supporting clinical and allied health staffing needs for federal health agencies and health systems.

Operating under its Federal Solutions segment, DLH partners with agencies such as the Department of Veterans Affairs, Department of Defense, Department of Homeland Security, and the Department of Health and Human Services.