DLH Holdings Corp (NASDAQ:DLHC) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.45 and traded as high as $4.22. DLH shares last traded at $4.22, with a volume of 100 shares changing hands.
Several equities analysts have issued reports on DLHC shares. ValuEngine lowered DLH from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 4th. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research note on Wednesday.
The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.43. The company has a 50 day simple moving average of $4.43 and a 200-day simple moving average of $5.41. The stock has a market capitalization of $51.76 million, a price-to-earnings ratio of 10.50 and a beta of 1.03.
DLH (NASDAQ:DLHC) last issued its quarterly earnings results on Monday, August 5th. The business services provider reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. DLH had a return on equity of 15.30% and a net margin of 3.98%. The firm had revenue of $38.70 million for the quarter, compared to analyst estimates of $35.80 million. As a group, sell-side analysts anticipate that DLH Holdings Corp will post 0.42 earnings per share for the current fiscal year.
In other news, major shareholder Wynnefield Partners Small Cap acquired 10,000 shares of the firm’s stock in a transaction dated Saturday, August 10th. The stock was purchased at an average price of $4.25 per share, for a total transaction of $42,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 22.30% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new stake in shares of DLH during the first quarter valued at approximately $59,000. James Investment Research Inc. increased its holdings in shares of DLH by 25.6% during the second quarter. James Investment Research Inc. now owns 9,800 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 2,000 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of DLH by 90.3% during the second quarter. Acadian Asset Management LLC now owns 30,939 shares of the business services provider’s stock valued at $158,000 after acquiring an additional 14,678 shares in the last quarter. Bailard Inc. bought a new stake in shares of DLH during the second quarter valued at approximately $165,000. Finally, BlackRock Inc. increased its holdings in shares of DLH by 94.6% during the second quarter. BlackRock Inc. now owns 51,987 shares of the business services provider’s stock valued at $264,000 after acquiring an additional 25,275 shares in the last quarter. Hedge funds and other institutional investors own 59.34% of the company’s stock.
DLH Company Profile (NASDAQ:DLHC)
DLH Holdings Corp. provides healthcare and social services in the United States. It offers defense and veterans' health solutions, including case management, physical and behavioral health examinations, and medical administration and logistics services. The company also provides a range of human services and solutions, which consists of educational and environmental support services for the underserved children and youth comprising health, nutritional, parental, and behavioral services; and IT system architecture design, migration plan, and ongoing maintenance services.
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