Zacks Research Downgrades DLH (NASDAQ:DLHC) to Strong Sell

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

A number of other equities analysts have also weighed in on the company. Noble Financial reiterated an “outperform” rating on shares of DLH in a research report on Friday, July 31st. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, DLH currently has a consensus rating of “Reduce”.

DLH Trading Up 0.9%

Shares of NASDAQ:DLHC opened at $4.56 on Tuesday. The firm has a market cap of $66.07 million, a P/E ratio of -3.08 and a beta of 1.47. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.13. DLH has a twelve month low of $4.45 and a twelve month high of $8.10. The company has a 50 day moving average of $5.16 and a 200-day moving average of $5.55.

DLH (NASDAQ:DLHC) last issued its quarterly earnings results on Wednesday, July 29th. The business services provider reported ($1.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.99). DLH had a negative net margin of 8.51% and a negative return on equity of 10.42%. The firm had revenue of $44.23 million for the quarter, compared to the consensus estimate of $50.00 million. As a group, analysts anticipate that DLH will post -0.76 earnings per share for the current fiscal year.

Insider Activity

In other DLH news, major shareholder Mink Brook Asset Management Ll acquired 7,944 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were acquired at an average cost of $4.96 per share, for a total transaction of $39,402.24. Following the completion of the purchase, the insider owned 2,166,724 shares of the company’s stock, valued at approximately $10,746,951.04. This trade represents a 0.37% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders bought 108,343 shares of company stock valued at $569,431 over the last 90 days. Company insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On DLH

Several hedge funds and other institutional investors have recently modified their holdings of DLHC. Jane Street Group LLC acquired a new stake in DLH in the 4th quarter worth $58,000. Bank of New York Mellon Corp bought a new stake in shares of DLH in the 2nd quarter valued at approximately $62,000. Bank of America Corp DE grew its position in DLH by 31.9% in the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 1,855 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of DLH in the 2nd quarter worth about $73,000. Finally, Strs Ohio acquired a new stake in shares of DLH during the first quarter worth approximately $185,000. Institutional investors and hedge funds own 67.25% of the company’s stock.

About DLH

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.