DLH (NASDAQ:DLHC) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

DLH Holdings Corp. (NASDAQ:DLHC) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.33 and traded as low as $7.72. DLH shares last traded at $7.94, with a volume of 25,033 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of DLH from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th.

DLH Price Performance

The company has a market capitalization of $113.97 million, a P/E ratio of 15.53 and a beta of 1.18. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.25. The business’s fifty day moving average price is $8.06 and its 200-day moving average price is $9.30.

Insider Transactions at DLH

In other DLH news, CFO Kathryn M. Johnbull acquired 10,000 shares of the stock in a transaction dated Tuesday, December 17th. The stock was purchased at an average cost of $7.76 per share, for a total transaction of $77,600.00. Following the acquisition, the chief financial officer now owns 528,687 shares in the company, valued at $4,102,611.12. The trade was a 1.93 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 21.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Rhumbline Advisers bought a new position in DLH during the 2nd quarter worth approximately $90,000. Barclays PLC raised its holdings in DLH by 299.3% during the 3rd quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock valued at $109,000 after buying an additional 8,782 shares during the last quarter. BNP Paribas Financial Markets boosted its position in DLH by 654.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider’s stock valued at $139,000 after buying an additional 12,906 shares during the period. Squarepoint Ops LLC bought a new stake in DLH in the 2nd quarter worth $367,000. Finally, Bank of New York Mellon Corp raised its stake in shares of DLH by 160.2% during the second 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 during 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).