DLH (NASDAQ:DLHC) Stock Price Crosses Above Fifty Day Moving Average of $4.45

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 trading hands.

Several research analysts have recently commented on DLHC shares. Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine cut DLH from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 4th.

The stock has a market capitalization of $49.95 million, a price-to-earnings ratio of 10.93 and a beta of 1.03. The company’s fifty day simple moving average is $4.45 and its 200 day simple moving average is $5.42. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.43.

DLH (NASDAQ:DLHC) last posted its earnings results on Monday, August 5th. The business services provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $38.70 million during the quarter, compared to analysts’ expectations of $35.80 million. DLH had a net margin of 3.98% and a return on equity of 15.30%. As a group, analysts anticipate that DLH Holdings Corp will post 0.42 earnings per share for the current year.

In related news, major shareholder Wynnefield Partners Small Cap purchased 10,000 shares of the stock in a transaction on Saturday, August 10th. The shares were purchased at an average cost of $4.25 per share, with a total value of $42,500.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 22.30% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP acquired a new stake in shares of DLH during the first quarter worth $59,000. James Investment Research Inc. boosted its position in shares of DLH by 25.6% in 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 during the period. Acadian Asset Management LLC grew its stake in shares of DLH by 90.3% in 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 position in DLH during the second quarter worth about $165,000. Finally, BlackRock Inc. increased its position in DLH by 94.6% during the second quarter. BlackRock Inc. now owns 51,987 shares of the business services provider’s stock worth $264,000 after acquiring an additional 25,275 shares during the period. Institutional investors and hedge funds 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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