DLH (NASDAQ:DLHC) Raised to “Hold” at Zacks Research

DLH (NASDAQ:DLHC) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed 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 stock. According to data from MarketBeat, DLH has a consensus rating of “Reduce”.

DLH Stock Performance

Shares of DLHC opened at $6.17 on Monday. DLH has a 52 week low of $2.72 and a 52 week high of $8.10. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.03. The stock has a market cap of $89.40 million, a P/E ratio of -88.13 and a beta of 1.57. The business’s 50 day moving average price is $5.79 and its 200-day moving average price is $5.80.

DLH (NASDAQ:DLHC) last issued its earnings results 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). The company had revenue of $68.89 million during the quarter, compared to analysts’ expectations of $70.15 million. DLH had a negative return on equity of 0.95% and a negative net margin of 0.33%. Equities research analysts anticipate that DLH will post -0.13 earnings per share for the current fiscal year.

Insider Activity at DLH

In other news, major shareholder Mink Brook Asset Management Ll bought 22,057 shares of DLH stock in a transaction that occurred on Wednesday, February 18th. The stock was bought at an average price of $5.50 per share, for a total transaction of $121,313.50. Following the purchase, the insider directly owned 1,975,147 shares of the company’s stock, valued at approximately $10,863,308.50. The trade was a 1.13% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have purchased 46,839 shares of company stock valued at $257,615. Company insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DLHC. Jane Street Group LLC purchased a new position in DLH in the fourth quarter valued at $58,000. Bank of America Corp DE increased its stake in shares of 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 period. Qube Research & Technologies Ltd acquired a new stake in DLH in the second quarter valued at approximately $73,000. Strs Ohio acquired a new position in DLH during the 1st quarter worth approximately $185,000. Finally, Sandia Investment Management LP purchased a new stake in shares of DLH in the 4th 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.