DLH (NASDAQ:DLHC) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research cut shares of DLH (NASDAQ:DLHC) from a hold rating to a strong sell rating in a research note published on Tuesday morning,Zacks.com reports.

Several other analysts have also recently commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a research note on Friday, July 17th. Noble Financial reaffirmed an “outperform” rating on shares of DLH in a report on Friday, July 31st. One equities 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 has a consensus rating of “Reduce”.

DLH Stock Performance

NASDAQ:DLHC opened at $4.56 on Tuesday. The stock has a 50-day moving average price of $5.16 and a 200 day moving average price of $5.55. The stock has a market capitalization of $66.07 million, a P/E ratio of -3.08 and a beta of 1.47. DLH has a 12-month low of $4.45 and a 12-month high of $8.10. 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 (NASDAQ:DLHC) last posted its quarterly earnings results on Wednesday, July 29th. The business services provider reported ($1.16) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.99). DLH had a negative return on equity of 10.42% and a negative net margin of 8.51%.The business had revenue of $44.23 million during the quarter, compared to the consensus estimate of $50.00 million. Equities research analysts forecast that DLH will post -0.76 EPS for the current fiscal year.

Insider Buying and Selling at DLH

In other DLH news, major shareholder Mink Brook Asset Management Ll purchased 15,280 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were bought at an average price of $5.28 per share, with a total value of $80,678.40. Following the completion of the purchase, the insider directly owned 2,116,553 shares in the company, valued at $11,175,399.84. This trade represents a 0.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired 108,343 shares of company stock valued at $569,431 over the last ninety days. Company insiders own 12.80% of the company’s stock.

Institutional Trading of DLH

A number of large investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in shares of DLH in the 4th quarter valued at about $58,000. Bank of New York Mellon Corp purchased a new position in DLH in the second quarter worth about $62,000. Bank of America Corp DE increased its stake in DLH by 31.9% during the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock worth $62,000 after acquiring an additional 1,855 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in DLH during the second quarter worth approximately $73,000. Finally, Strs Ohio purchased a new stake in DLH during the first quarter valued at approximately $185,000. 67.25% of the stock is currently owned by institutional investors.

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.