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

DLH Holdings Corp. (NASDAQ:DLHC) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.64 and traded as low as $7.65. DLH shares last traded at $7.81, with a volume of 22,103 shares trading hands.

DLH Trading Down 2.3 %

The company has a market cap of $109.77 million, a price-to-earnings ratio of 14.96 and a beta of 1.16. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.25. The business’s fifty day simple moving average is $8.25 and its two-hundred day simple moving average is $9.61.

Insiders Place Their Bets

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

Hedge Funds Weigh In On DLH

A number of hedge funds and other institutional investors have recently made changes to their positions in DLHC. Bank of New York Mellon Corp increased its holdings in shares of DLH by 160.2% in 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 purchasing an additional 22,928 shares during the period. Rhumbline Advisers acquired a new stake in shares of DLH in the 2nd quarter worth $90,000. Victory Capital Management Inc. acquired a new position in shares of DLH during the second quarter worth about $1,013,000. Dimensional Fund Advisors LP raised its holdings in DLH by 24.4% during the second quarter. Dimensional Fund Advisors LP now owns 233,800 shares of the business services provider’s stock worth $2,469,000 after purchasing an additional 45,915 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in DLH in the second quarter valued at about $367,000. Hedge funds and other institutional investors 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).