DLH (NASDAQ:DLHC) Upgraded by StockNews.com to “Strong-Buy”

StockNews.com upgraded shares of DLH (NASDAQ:DLHC) from a buy rating to a strong-buy rating in a report issued on Thursday.

DLH Stock Performance

DLH stock opened at $11.27 on Thursday. The stock’s 50 day moving average price is $14.12 and its 200 day moving average price is $14.55. The firm has a market capitalization of $160.37 million, a PE ratio of 75.14 and a beta of 1.20. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.01 and a current ratio of 1.01. DLH has a one year low of $9.01 and a one year high of $17.58.

DLH (NASDAQ:DLHC) last released its quarterly earnings results on Wednesday, January 31st. The business services provider reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. DLH had a return on equity of 6.78% and a net margin of 0.51%. The firm had revenue of $97.85 million for the quarter, compared to analyst estimates of $101.00 million. As a group, sell-side analysts expect that DLH will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling at DLH

In other DLH news, insider Jeanine M. Christian sold 3,826 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $16.99, for a total value of $65,003.74. Following the transaction, the insider now directly owns 21,125 shares of the company’s stock, valued at approximately $358,913.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 21.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DLH

Several institutional investors and hedge funds have recently made changes to their positions in DLHC. Wasatch Advisors LP acquired a new stake in shares of DLH during the 1st quarter valued at approximately $5,768,000. Ancora Advisors LLC increased its position in DLH by 350.6% in the fourth quarter. Ancora Advisors LLC now owns 131,449 shares of the business services provider’s stock worth $1,560,000 after buying an additional 102,276 shares during the period. Cove Street Capital LLC increased its position in DLH by 14.6% in the third quarter. Cove Street Capital LLC now owns 803,460 shares of the business services provider’s stock worth $9,376,000 after buying an additional 102,275 shares during the period. Essex Investment Management Co. LLC acquired a new stake in DLH in the third quarter worth $1,180,000. Finally, Vanguard Group Inc. increased its position in DLH by 29.6% in the first quarter. Vanguard Group Inc. now owns 403,304 shares of the business services provider’s stock worth $7,639,000 after buying an additional 92,020 shares during the period. 67.25% of the stock is owned by institutional investors and hedge funds.

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).