DLH (NASDAQ:DLHC) Share Price Passes Below 200 Day Moving Average – Here’s Why

DLH Holdings Corp. (NASDAQ:DLHC)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.40 and traded as low as $3.82. DLH shares last traded at $3.82, with a volume of 10,678 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DLHC shares. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a research report on Friday, July 17th. Zacks Research downgraded DLH from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 18th. Finally, Noble Financial reissued an “outperform” rating on shares of DLH in a research report on Friday, July 31st. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

DLH Stock Performance

The company has a market capitalization of $56.96 million, a price-to-earnings ratio of -2.66 and a beta of 1.44. The firm has a 50-day simple moving average of $4.79 and a two-hundred day simple moving average of $5.39. 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 announced its quarterly earnings results on Wednesday, July 29th. The business services provider reported ($1.16) EPS 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 for the quarter, compared to analyst estimates of $50.00 million. As a group, sell-side analysts forecast that DLH Holdings Corp. will post -0.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Mink Brook Asset Management Ll purchased 15,280 shares of DLH stock in a transaction on Friday, June 26th. The stock was bought at an average price of $5.28 per share, with a total value of $80,678.40. Following the completion of the transaction, the insider directly owned 2,116,553 shares of the company’s stock, valued at approximately $11,175,399.84. This represents a 0.73% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought 102,901 shares of company stock worth $532,751 in the last 90 days. 12.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in DLH in the 4th quarter worth approximately $58,000. Bank of New York Mellon Corp acquired a new position in DLH during the second quarter valued at approximately $62,000. Bank of America Corp DE grew its holdings 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 valued at $62,000 after purchasing an additional 1,855 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in DLH during the second quarter valued at approximately $73,000. Finally, Strs Ohio bought a new position in shares of DLH in the first quarter valued at approximately $185,000. Institutional investors and hedge funds own 67.25% of the company’s stock.

DLH Company Profile

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.