DLH (NASDAQ:DLHC) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

DLH (NASDAQ:DLHC) announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01), FiscalAI reports. DLH had a negative net margin of 1.53% and a negative return on equity of 4.00%. The business had revenue of $59.27 million during the quarter, compared to analysts’ expectations of $58.00 million.

DLH Stock Up 0.5%

DLHC stock opened at $5.50 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.87 and a quick ratio of 0.87. The company’s 50 day simple moving average is $5.73 and its 200-day simple moving average is $5.76. DLH has a 12 month low of $5.32 and a 12 month high of $8.10. The firm has a market capitalization of $79.69 million, a PE ratio of -18.33 and a beta of 1.45.

Wall Street Analysts Forecast Growth

DLHC has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. Zacks Research raised DLH from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Insider Activity

In related news, major shareholder Mink Brook Asset Management Ll bought 68,547 shares of DLH stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average price of $5.50 per share, with a total value of $377,008.50. Following the purchase, the insider owned 2,051,938 shares in the company, valued at $11,285,659. This represents a 3.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders purchased 96,089 shares of company stock worth $528,490. Insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On DLH

A number of large investors have recently bought and sold shares of the stock. Mink Brook Asset Management LLC raised its holdings in shares of DLH by 2.3% in the fourth quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock worth $14,836,000 after acquiring an additional 59,498 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of DLH by 1.2% during the third quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock valued at $2,795,000 after acquiring an additional 5,735 shares during the last quarter. Rothschild Wealth LLC acquired a new stake in shares of DLH during the fourth quarter valued at $928,000. State Street Corp lifted its holdings in DLH by 28.7% in the 4th quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock valued at $337,000 after purchasing an additional 13,300 shares in the last quarter. Finally, Strs Ohio purchased a new position in DLH in the 1st quarter valued at about $185,000. Institutional investors and hedge funds 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.