DLH (NASDAQ:DLHC) Downgraded to Hold Rating by StockNews.com

StockNews.com downgraded shares of DLH (NASDAQ:DLHC) from a buy rating to a hold rating in a report published on Friday morning.

DLH Stock Up 0.3 %

DLH stock opened at $6.35 on Friday. The stock has a market cap of $91.38 million, a PE ratio of 12.45 and a beta of 1.18. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a fifty day moving average of $7.75 and a 200 day moving average of $8.93. DLH has a one year low of $6.15 and a one year high of $17.58.

DLH (NASDAQ:DLHC) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. DLH had a net margin of 1.87% and a return on equity of 6.88%. As a group, sell-side analysts predict that DLH will post -0.11 EPS for the current year.

Insider Transactions at DLH

In related news, CFO Kathryn M. Johnbull purchased 10,000 shares of the business’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 acquisition, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 15.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DLHC. Barclays PLC lifted its holdings in DLH by 299.3% during the third quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 8,782 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of DLH by 654.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 12,906 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of DLH by 27.6% during the 4th quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider’s stock valued at $315,000 after buying an additional 8,481 shares in the last quarter. Squarepoint Ops LLC bought a new position in DLH in the 2nd quarter worth $367,000. Finally, Albert D Mason Inc. increased its stake in DLH by 10.7% in the 4th quarter. Albert D Mason Inc. now owns 103,575 shares of the business services provider’s stock worth $832,000 after buying an additional 10,016 shares in the last quarter. 67.25% of the stock is owned by hedge funds and other institutional investors.

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).