DLH Holdings Corp. (NASDAQ:DLHC – Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.78 and traded as low as $5.51. DLH shares last traded at $5.51, with a volume of 9,956 shares.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. Zacks Research upgraded DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, DLH presently has a consensus rating of “Reduce”.
View Our Latest Analysis on DLH
DLH Stock Performance
DLH (NASDAQ:DLHC – Get Free Report) last issued its earnings results on Wednesday, May 6th. The business services provider reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The company had revenue of $59.27 million for the quarter, compared to analysts’ expectations of $58.00 million. DLH had a negative return on equity of 4.00% and a negative net margin of 1.53%. On average, research analysts predict that DLH Holdings Corp. will post -0.59 earnings per share for the current year.
Insider Buying and Selling
In other news, major shareholder Mink Brook Asset Management Ll acquired 68,547 shares of DLH stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $5.50 per share, for a total transaction of $377,008.50. Following the acquisition, the insider directly owned 2,051,938 shares of the company’s stock, valued at $11,285,659. This trade represents a 3.46% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders acquired 89,497 shares of company stock worth $492,234. Company insiders own 12.80% of the company’s stock.
Hedge Funds Weigh In On DLH
Several institutional investors have recently made changes to their positions in the company. Mink Brook Asset Management LLC raised its holdings in shares of DLH by 8.4% in the third quarter. Mink Brook Asset Management LLC now owns 2,566,349 shares of the business services provider’s stock valued at $14,500,000 after acquiring an additional 199,584 shares in the last quarter. Rothschild Wealth LLC bought a new position in DLH during the 4th quarter worth about $928,000. North Star Investment Management Corp. purchased a new position in DLH during the 1st quarter valued at about $786,000. Strs Ohio purchased a new position in DLH during the 1st quarter valued at about $185,000. Finally, Sandia Investment Management LP bought a new stake in shares of DLH in the 4th quarter valued at about $197,000. Hedge funds and other institutional investors own 67.25% of the company’s stock.
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.
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