DLH (NASDAQ:DLHC) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

DLH Holdings Corp. (NASDAQ:DLHC) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.77 and traded as low as $5.64. DLH shares last traded at $5.64, with a volume of 6,120 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Zacks Research downgraded shares of DLH from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 17th. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

DLH Stock Down 5.5%

The firm’s fifty day simple moving average is $5.76 and its 200-day simple moving average is $5.77. The company has a market cap of $81.72 million, a PE ratio of -80.56 and a beta of 1.59. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.03.

DLH (NASDAQ:DLHC) last issued its quarterly earnings data on Monday, February 9th. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). DLH had a negative return on equity of 0.95% and a negative net margin of 0.33%.The company had revenue of $68.89 million for the quarter, compared to analyst estimates of $70.15 million. As a group, equities research analysts expect that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Insider Buying and Selling at DLH

In related news, major shareholder Mink Brook Asset Management Ll purchased 44,208 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was bought at an average cost of $5.50 per share, with a total value of $243,144.00. Following the completion of the acquisition, the insider directly owned 1,931,447 shares in the company, valued at $10,622,958.50. The trade was a 2.34% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 96,880 shares of company stock valued at $532,840 over the last ninety days. Insiders own 12.80% of the company’s stock.

Institutional Trading of DLH

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in DLH by 31.9% in the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 1,855 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of DLH during the 4th quarter worth about $58,000. Qube Research & Technologies Ltd purchased a new stake in shares of DLH during the second quarter worth about $73,000. Quadrature Capital Ltd purchased a new stake in shares of DLH during the second quarter worth about $89,000. Finally, Sandia Investment Management LP acquired a new position in shares of DLH in the fourth quarter valued at approximately $197,000. Hedge funds and other institutional investors own 67.25% of the company’s stock.

DLH Company Profile

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.