DLH (NASDAQ:DLHC) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS

DLH (NASDAQ:DLHC) released its earnings results on Monday. The business services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.02), FiscalAI reports. The business had revenue of $68.89 million for the quarter, compared to analysts’ expectations of $70.15 million. DLH had a return on equity of 1.21% and a net margin of 0.40%.

DLH Stock Down 0.5%

Shares of DLHC stock traded down $0.03 during trading hours on Monday, reaching $5.84. The company had a trading volume of 16,337 shares, compared to its average volume of 8,617. The company has a market capitalization of $84.62 million, a P/E ratio of 58.41 and a beta of 1.60. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.00 and a current ratio of 1.00. DLH has a twelve month low of $2.72 and a twelve month high of $8.10. The stock’s fifty day simple moving average is $5.79 and its 200 day simple moving average is $5.75.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a research report on Wednesday, January 21st. Zacks Research lowered shares of DLH from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 17th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, DLH currently has a consensus rating of “Sell”.

Insiders Place Their Bets

In other news, major shareholder Mink Brook Asset Management Ll acquired 44,208 shares of the stock in a transaction on Wednesday, December 17th. The stock was bought at an average price of $5.50 per share, with a total value of $243,144.00. Following the completion of the transaction, the insider directly owned 1,931,447 shares of the company’s stock, valued at $10,622,958.50. The trade was a 2.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders purchased 50,237 shares of company stock valued at $276,304. 12.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in shares of 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 purchasing an additional 1,855 shares during the period. Jane Street Group LLC acquired a new position in DLH in the 2nd quarter worth $65,000. Qube Research & Technologies Ltd purchased a new position in DLH in the 2nd quarter valued at about $73,000. Strs Ohio acquired a new stake in shares of DLH during the first quarter valued at about $185,000. Finally, Vanguard Group Inc. increased its position 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 worth $2,795,000 after acquiring an additional 5,735 shares during the last quarter. 67.25% of the stock is owned by institutional investors and hedge funds.

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.