DLH (NASDAQ:DLHC) Stock Price Passes Below 200-Day Moving Average of $14.54

Shares of DLH Holdings Corp. (NASDAQ:DLHC) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.54 and traded as low as $11.11. DLH shares last traded at $11.12, with a volume of 15,930 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of DLH from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

DLH Stock Up 2.1 %

The business’s 50 day simple moving average is $14.12 and its 200 day simple moving average is $14.51. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $160.37 million, a PE ratio of 75.14 and a beta of 1.20.

DLH (NASDAQ:DLHC) last posted its quarterly earnings results on Wednesday, January 31st. The business services provider reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The business had revenue of $97.85 million during the quarter, compared to analyst estimates of $101.00 million. DLH had a net margin of 0.51% and a return on equity of 6.78%. As a group, analysts forecast that DLH Holdings Corp. will post 0.55 EPS for the current year.

Insider Transactions at DLH

In related news, insider Jeanine M. Christian sold 3,826 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $16.99, for a total value of $65,003.74. Following the transaction, the insider now owns 21,125 shares in the company, valued at $358,913.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 21.60% of the stock is owned by insiders.

Hedge Funds Weigh In On DLH

A number of hedge funds have recently added to or reduced their stakes in DLHC. Minerva Advisors LLC grew its holdings in DLH by 16.7% during the third quarter. Minerva Advisors LLC now owns 505,581 shares of the business services provider’s stock valued at $5,723,000 after purchasing an additional 72,173 shares during the last quarter. Cove Street Capital LLC grew its holdings in DLH by 14.6% during the third quarter. Cove Street Capital LLC now owns 803,460 shares of the business services provider’s stock valued at $9,376,000 after purchasing an additional 102,275 shares during the last quarter. Essex Investment Management Co. LLC acquired a new position in DLH during the third quarter valued at approximately $1,180,000. Legato Capital Management LLC grew its holdings in DLH by 3.2% during the fourth quarter. Legato Capital Management LLC now owns 39,164 shares of the business services provider’s stock valued at $617,000 after purchasing an additional 1,203 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in DLH by 6.0% during the third quarter. Oppenheimer Asset Management Inc. now owns 33,155 shares of the business services provider’s stock valued at $387,000 after purchasing an additional 1,872 shares during the last quarter. Institutional investors and hedge funds own 67.25% of the company’s stock.

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).