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

DLH (NASDAQ:DLHC) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

DLH Stock Down 3.0 %

DLHC opened at $7.79 on Wednesday. The stock’s fifty day moving average is $8.21 and its 200-day moving average is $9.52. DLH has a one year low of $7.34 and a one year high of $17.58. The company has a market capitalization of $112.07 million, a PE ratio of 15.27 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.

Insider Activity

In related news, CFO Kathryn M. Johnbull bought 10,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were bought at an average cost of $7.76 per share, with a total value of $77,600.00. Following the completion of the transaction, the chief financial officer now directly owns 528,687 shares of the company’s stock, valued at approximately $4,102,611.12. This trade represents a 1.93 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 21.60% of the company’s stock.

Hedge Funds Weigh In On DLH

A number of institutional investors have recently bought and sold shares of the stock. Minerva Advisors LLC boosted its holdings in shares of DLH by 24.2% in the third quarter. Minerva Advisors LLC now owns 636,377 shares of the business services provider’s stock worth $5,950,000 after buying an additional 123,796 shares during the period. Victory Capital Management Inc. acquired a new stake in DLH during the 2nd quarter valued at $1,013,000. Dimensional Fund Advisors LP lifted its holdings in shares of DLH by 24.4% in the second quarter. Dimensional Fund Advisors LP now owns 233,800 shares of the business services provider’s stock valued at $2,469,000 after purchasing an additional 45,915 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in DLH in the 2nd quarter worth about $367,000. Finally, Bank of New York Mellon Corp grew its stake in DLH by 160.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 37,238 shares of the business services provider’s stock valued at $393,000 after acquiring an additional 22,928 shares in the last quarter. Hedge funds and other institutional investors own 67.25% of the company’s stock.

About DLH

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).