DLH (NASDAQ:DLHC) Stock Price Passes Below 200-Day Moving Average of $14.54

DLH Holdings Corp. (NASDAQ:DLHC) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.54 and traded as low as $11.11. DLH shares last traded at $11.12, with a volume of 15,930 shares.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of DLH from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

DLH Stock Performance

The firm’s 50 day moving average is $14.12 and its two-hundred day moving average is $14.51. The stock 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 (NASDAQ:DLHC) last announced its quarterly earnings data on Wednesday, January 31st. The business services provider reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. DLH had a net margin of 0.51% and a return on equity of 6.78%. The company had revenue of $97.85 million for the quarter, compared to the consensus estimate of $101.00 million. As a group, research analysts predict that DLH Holdings Corp. will post 0.55 earnings per share for the current year.

Insider Buying and Selling at DLH

In other DLH news, insider Jeanine M. Christian sold 3,826 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $16.99, for a total value of $65,003.74. Following the sale, 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 legal filing with the SEC, which is available at the SEC website. Insiders own 21.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in DLH by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 503,996 shares of the business services provider’s stock worth $7,938,000 after purchasing an additional 11,128 shares during the period. Barclays PLC boosted its stake in DLH by 334.5% during the 4th quarter. Barclays PLC now owns 8,881 shares of the business services provider’s stock worth $140,000 after purchasing an additional 6,837 shares during the period. Wasatch Advisors LP boosted its stake in DLH by 9.6% during the 4th quarter. Wasatch Advisors LP now owns 548,217 shares of the business services provider’s stock worth $8,634,000 after purchasing an additional 47,866 shares during the period. Balyasny Asset Management L.P. acquired a new stake in DLH during the 4th quarter worth $266,000. Finally, Northern Trust Corp boosted its stake in DLH by 11.8% during the 4th quarter. Northern Trust Corp now owns 26,542 shares of the business services provider’s stock worth $418,000 after purchasing an additional 2,796 shares during the period. Institutional investors and hedge funds own 67.25% of the company’s stock.

DLH Company Profile

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).