DLH (NASDAQ:DLHC – Get Free Report) posted its earnings results on Wednesday. The business services provider reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.27), Zacks reports. The firm had revenue of $44.23 million during the quarter, compared to the consensus estimate of $50.00 million. DLH had a negative return on equity of 4.00% and a negative net margin of 1.53%.
DLH Price Performance
NASDAQ DLHC traded down $0.55 on Thursday, hitting $4.85. 18,871 shares of the company were exchanged, compared to its average volume of 28,856. The firm has a 50 day moving average of $5.40 and a two-hundred day moving average of $5.66. The company has a market cap of $70.26 million, a P/E ratio of -16.16 and a beta of 1.45. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00. DLH has a 1-year low of $4.84 and a 1-year high of $8.10.
Wall Street Analysts Forecast Growth
DLHC has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a research report on Friday, July 17th. Zacks Research raised DLH from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, DLH presently has an average rating of “Reduce”.
Insiders Place Their Bets
In related news, major shareholder Mink Brook Asset Management Ll bought 5,000 shares of the company’s stock in a transaction on Thursday, July 9th. The stock was bought at an average cost of $5.13 per share, with a total value of $25,650.00. Following the completion of the purchase, the insider owned 2,149,073 shares in the company, valued at approximately $11,024,744.49. The trade was a 0.23% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have bought 168,856 shares of company stock valued at $913,402. Company insiders own 12.80% of the company’s stock.
Institutional Trading of DLH
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mink Brook Asset Management LLC lifted its holdings in DLH by 2.3% during the 4th quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock worth $14,836,000 after buying an additional 59,498 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of DLH by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock valued at $2,795,000 after buying an additional 5,735 shares during the period. Rothschild Wealth LLC acquired a new stake in shares of DLH in the 4th quarter valued at $928,000. State Street Corp increased its stake in shares of DLH by 28.7% in the 4th quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock valued at $337,000 after buying an additional 13,300 shares during the period. Finally, Sandia Investment Management LP bought a new stake in shares of DLH during the fourth quarter worth $197,000. 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.
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