DLH (NASDAQ:DLHC) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of DLH Holdings Corp. (NASDAQ:DLHC) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.78 and traded as low as $5.51. DLH shares last traded at $5.51, with a volume of 9,956 shares trading hands.

Analyst Ratings Changes

A number of research firms have weighed in on DLHC. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a report on Monday, April 20th. Zacks Research upgraded DLH from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

DLH Price Performance

The firm has a market capitalization of $79.84 million, a P/E ratio of -18.37 and a beta of 1.45. The stock’s fifty day simple moving average is $5.73 and its 200 day simple moving average is $5.78. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.87 and a quick ratio of 0.87.

DLH (NASDAQ:DLHC) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). DLH had a negative net margin of 1.53% and a negative return on equity of 4.00%. The firm had revenue of $59.27 million during the quarter, compared to the consensus estimate of $58.00 million. On average, equities research analysts predict that DLH Holdings Corp. will post -0.59 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Mink Brook Asset Management Ll bought 7,494 shares of the stock in a transaction on Tuesday, June 2nd. The stock was bought at an average cost of $5.50 per share, for a total transaction of $41,217.00. Following the completion of the purchase, the insider directly owned 2,072,572 shares in the company, valued at approximately $11,399,146. The trade was a 0.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased a total of 89,497 shares of company stock worth $492,234 over the last three months. Corporate insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On DLH

A number of large investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of DLH by 31.9% during the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 1,855 shares during the last quarter. Vanguard Group Inc. grew its stake in DLH by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock worth $2,795,000 after buying an additional 5,735 shares during the last quarter. Minerva Advisors LLC increased its position in DLH by 0.5% during the 3rd quarter. Minerva Advisors LLC now owns 1,116,802 shares of the business services provider’s stock valued at $6,310,000 after buying an additional 6,059 shares in the last quarter. Jane Street Group LLC acquired a new position in DLH during the 4th quarter valued at about $58,000. Finally, Qube Research & Technologies Ltd purchased a new stake in DLH in the second quarter valued at about $73,000. 67.25% of the stock is owned by institutional investors and hedge funds.

DLH Company Profile

DLH Holdings Corp. (NASDAQ: DLHC) is a provider of mission-driven professional services primarily to federal government agencies and select commercial clients. The company designs and delivers tailored solutions across a range of critical mission areas, including program and project management, consulting, technical assistance, and administrative support. Through its Healthcare Solutions offerings, DLH also specializes in supporting clinical and allied health staffing needs for federal health agencies and health systems.

Operating under its Federal Solutions segment, DLH partners with agencies such as the Department of Veterans Affairs, Department of Defense, Department of Homeland Security, and the Department of Health and Human Services.