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

Zacks Research upgraded shares of DLH (NASDAQ:DLHC) from a strong sell rating to a hold rating in a report released on Tuesday,Zacks reports.

Several other equities research analysts have also commented on the stock. Noble Financial reaffirmed an “outperform” rating on shares of DLH in a research report on Friday, July 31st. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

DLH Stock Up 5.1%

DLH stock opened at $3.70 on Tuesday. The stock has a market cap of $53.61 million, a PE ratio of -2.50 and a beta of 1.44. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.67 and a current ratio of 0.67. DLH has a one year low of $3.38 and a one year high of $8.10. The stock has a fifty day moving average of $4.38 and a 200 day moving average of $5.19.

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

Insider Activity

In other news, major shareholder Mink Brook Asset Management Ll bought 9,422 shares of DLH stock in a transaction that occurred on Monday, July 6th. The stock was bought at an average cost of $5.19 per share, with a total value of $48,900.18. Following the acquisition, the insider owned 2,136,798 shares of the company’s stock, valued at $11,089,981.62. The trade was a 0.44% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders purchased 53,986 shares of company stock worth $263,214. Insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On DLH

An institutional investor recently bought a new stake in DLH stock. North Star Investment Management Corp. purchased a new position in DLH Holdings Corp. (NASDAQ:DLHC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 135,000 shares of the business services provider’s stock, valued at approximately $786,000. North Star Investment Management Corp. owned 0.93% of DLH at the end of the most recent reporting period. Institutional investors and hedge funds own 67.25% of the company’s stock.

DLH Company Profile

DLH Holdings Corp. (NASDAQ: DLHC) provides technology-enabled healthcare, human services, logistics and technical solutions primarily to agencies of the U.S. federal government. Its work supports public health, medical research, clinical care, military and veteran services, and government program operations.

The company’s offerings include healthcare delivery and administration, data analytics, information technology and digital transformation, scientific and technical support, medical logistics, and program management.