DLH (NASDAQ:DLHC) Upgraded at StockNews.com

StockNews.com upgraded shares of DLH (NASDAQ:DLHC) from a hold rating to a buy rating in a research note issued to investors on Thursday.

DLH Trading Down 5.0 %

Shares of DLHC stock opened at $7.47 on Thursday. The firm has a market capitalization of $107.46 million, a PE ratio of 14.65 and a beta of 1.18. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.99 and a current ratio of 0.99. DLH has a 1 year low of $7.34 and a 1 year high of $17.58. The stock has a fifty day moving average of $8.17 and a two-hundred day moving average of $9.39.

Insider Buying and Selling at DLH

In other news, CFO Kathryn M. Johnbull purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was purchased at an average cost of $7.76 per share, with a total value of $77,600.00. Following the purchase, the chief financial officer now owns 528,687 shares in the company, valued at $4,102,611.12. This trade represents a 1.93 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.60% of the stock is owned by corporate insiders.

Institutional Trading of DLH

Institutional investors have recently modified their holdings of the company. Rhumbline Advisers bought a new stake in DLH in the second quarter worth about $90,000. Barclays PLC grew its stake in shares of DLH by 299.3% in the 3rd quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock worth $109,000 after purchasing an additional 8,782 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of DLH by 654.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider’s stock worth $139,000 after purchasing an additional 12,906 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in DLH during the second quarter valued at approximately $367,000. Finally, Bank of New York Mellon Corp boosted its holdings in 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 worth $393,000 after buying an additional 22,928 shares in the last quarter. Institutional investors and hedge funds 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).