DLH (NASDAQ:DLHC) Shares Pass Below Two Hundred Day Moving Average - Time to Sell?

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.74 and traded as low as $5.85. DLH shares last traded at $5.88, with a volume of 58,523 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of DLH from a "buy" rating to a "hold" rating in a research report on Friday, February 7th.

DLH Stock Performance

The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $84.41 million, a PE ratio of 13.33 and a beta of 1.18. The firm's 50-day simple moving average is $7.46 and its two-hundred day simple moving average is $8.67.

DLH (NASDAQ:DLHC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. DLH had a net margin of 1.64% and a return on equity of 5.82%. On average, equities research analysts expect that DLH Holdings Corp. will post -0.11 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Kathryn M. Johnbull purchased 10,000 shares of the stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of $7.76 per share, for a total transaction of $77,600.00. Following the acquisition, the chief financial officer now directly owns 528,687 shares in the company, valued at approximately $4,102,611.12. The trade was a 1.93 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 15.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DLH

Several institutional investors and hedge funds have recently modified their holdings of the business. Mink Brook Asset Management LLC acquired a new stake in shares of DLH in the 4th quarter valued at $10,991,000. Millennium Management LLC lifted its stake in shares of DLH by 313.4% in the 4th quarter. Millennium Management LLC now owns 69,733 shares of the business services provider's stock valued at $560,000 after purchasing an additional 52,864 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of DLH by 31.9% in 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. Dimensional Fund Advisors LP lifted its stake in shares of DLH by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 268,930 shares of the business services provider's stock valued at $2,159,000 after purchasing an additional 10,921 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of DLH by 2.7% in the 4th quarter. Renaissance Technologies LLC now owns 270,068 shares of the business services provider's stock valued at $2,169,000 after purchasing an additional 7,000 shares during 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).