DLH (NASDAQ:DLHC) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of DLH (NASDAQ:DLHC) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

DLH Price Performance

NASDAQ DLHC opened at $8.06 on Wednesday. DLH has a 52-week low of $7.34 and a 52-week high of $17.58. The firm’s 50 day moving average price is $8.21 and its 200-day moving average price is $9.49. The company has a market cap of $115.95 million, a PE ratio of 15.80 and a beta of 1.16. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.99 and a current ratio of 0.99.

Insiders Place Their Bets

In other news, CFO Kathryn M. Johnbull bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average price of $7.76 per share, with a total value of $77,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 528,687 shares of the company’s stock, valued at $4,102,611.12. This trade represents a 1.93 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 21.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Minerva Advisors LLC lifted its stake in shares of DLH by 24.2% in the 3rd quarter. Minerva Advisors LLC now owns 636,377 shares of the business services provider’s stock valued at $5,950,000 after purchasing an additional 123,796 shares during the period. Dimensional Fund Advisors LP raised its holdings in DLH by 24.4% in the 2nd 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 period. State Street Corp boosted its position in DLH by 3.9% during 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. Victory Capital Management Inc. acquired a new position in shares of DLH during the 2nd quarter worth approximately $1,013,000. Finally, Albert D Mason Inc. lifted its position in shares of DLH by 1.5% during the 3rd quarter. Albert D Mason Inc. now owns 93,559 shares of the business services provider’s stock valued at $876,000 after buying an additional 1,403 shares in the last quarter. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

DLH Company Profile

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).