DLH (NASDAQ:DLHC) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

DLH Holdings Corp. (NASDAQ:DLHC) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.09 and traded as low as $7.48. DLH shares last traded at $7.50, with a volume of 36,711 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded DLH from a “hold” rating to a “buy” rating in a report on Thursday, January 9th.

DLH Stock Performance

The stock’s 50-day moving average is $7.92 and its 200-day moving average is $9.07. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.25. The stock has a market cap of $107.93 million, a price-to-earnings ratio of 14.71 and a beta of 1.18.

DLH (NASDAQ:DLHC) last posted its earnings results on Wednesday, December 4th. The business services provider reported $0.16 earnings per share for the quarter. DLH had a net margin of 1.87% and a return on equity of 6.88%. On average, analysts expect that DLH Holdings Corp. will post -0.11 EPS for the current year.

Insiders Place Their Bets

In other DLH news, CFO Kathryn M. Johnbull purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were acquired at an average price of $7.76 per share, for a total transaction of $77,600.00. Following the completion of the purchase, the chief financial officer now owns 528,687 shares in the company, valued at $4,102,611.12. The trade was a 1.93 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On DLH

Several institutional investors and hedge funds have recently made changes to their positions in DLHC. Minerva Advisors LLC boosted its stake in DLH by 24.2% during the 3rd quarter. Minerva Advisors LLC now owns 636,377 shares of the business services provider’s stock valued at $5,950,000 after acquiring an additional 123,796 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of DLH by 24.4% during the second quarter. Dimensional Fund Advisors LP now owns 233,800 shares of the business services provider’s stock worth $2,469,000 after purchasing an additional 45,915 shares during the last quarter. State Street Corp grew its stake in DLH by 3.9% in the third quarter. State Street Corp now owns 111,447 shares of the business services provider’s stock worth $1,043,000 after purchasing an additional 4,165 shares in the last quarter. Albert D Mason Inc. increased its holdings in DLH by 10.7% in the fourth quarter. Albert D Mason Inc. now owns 103,575 shares of the business services provider’s stock valued at $832,000 after buying an additional 10,016 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in DLH during the second quarter valued at approximately $367,000. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

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).