DLH (NASDAQ:DLHC) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of DLH (NASDAQ:DLHC) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

DLH Price Performance

DLHC stock opened at $8.06 on Wednesday. The stock has a market capitalization of $115.95 million, a price-to-earnings ratio of 15.80 and a beta of 1.16. The firm’s 50-day moving average price is $8.21 and its two-hundred day moving average price is $9.49. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.25. DLH has a 12-month low of $7.34 and a 12-month high of $17.58.

Insider Activity

In other DLH news, CFO Kathryn M. Johnbull bought 10,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was acquired at an average price of $7.76 per share, with a total value of $77,600.00. Following the completion of the purchase, the chief financial officer now owns 528,687 shares of the company’s stock, valued at approximately $4,102,611.12. This trade represents a 1.93 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 21.60% of the company’s stock.

Institutional Trading of DLH

Institutional investors and hedge funds have recently modified their holdings of the business. Minerva Advisors LLC lifted its position in shares of DLH by 24.2% during the 3rd quarter. Minerva Advisors LLC now owns 636,377 shares of the business services provider’s stock valued at $5,950,000 after buying an additional 123,796 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of DLH by 24.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 233,800 shares of the business services provider’s stock valued at $2,469,000 after acquiring an additional 45,915 shares during the last quarter. State Street Corp grew its holdings in shares of DLH by 3.9% in the third quarter. State Street Corp now owns 111,447 shares of the business services provider’s stock valued at $1,043,000 after purchasing an additional 4,165 shares in the last quarter. Victory Capital Management Inc. bought a new stake in DLH in the second quarter worth $1,013,000. Finally, Albert D Mason Inc. lifted its position in DLH by 1.5% during the third quarter. Albert D Mason Inc. now owns 93,559 shares of the business services provider’s stock valued at $876,000 after purchasing an additional 1,403 shares during the last quarter. 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).