DLH (NASDAQ:DLHC) Stock Passes Below Two Hundred Day Moving Average - Here's What Happened

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.52 and traded as low as $5.35. DLH shares last traded at $5.35, with a volume of 29,952 shares changing hands.

Analyst Ratings Changes

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

DLH Price Performance

The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $72.79 million, a price-to-earnings ratio of 11.50 and a beta of 1.18. The stock's 50-day simple moving average is $7.11 and its two-hundred day simple moving average is $8.44.

DLH (NASDAQ:DLHC - Get Free Report) last released its quarterly earnings results 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%. Equities research analysts predict that DLH Holdings Corp. will post -0.13 earnings per share for the current year.

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Insider Activity

In other news, CFO Kathryn M. Johnbull acquired 10,000 shares of DLH stock in a transaction that occurred 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 15.30% of the company's stock.

Institutional Investors Weigh In On DLH

A number of large investors have recently modified their holdings of the business. Bank of America Corp DE lifted its stake in shares of DLH by 31.9% in the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider's stock worth $62,000 after buying an additional 1,855 shares in the last quarter. State Street Corp raised its holdings in DLH by 3.9% in the 3rd quarter. State Street Corp now owns 111,447 shares of the business services provider's stock valued at $1,043,000 after acquiring an additional 4,165 shares during the last quarter. Renaissance Technologies LLC lifted its stake in DLH by 2.7% in the 4th quarter. Renaissance Technologies LLC now owns 270,068 shares of the business services provider's stock worth $2,169,000 after purchasing an additional 7,000 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of DLH by 27.6% during the 4th quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider's stock worth $315,000 after purchasing an additional 8,481 shares during the last quarter. Finally, Barclays PLC grew its position in shares of DLH by 299.3% in the third quarter. Barclays PLC now owns 11,716 shares of the business services provider's stock valued at $109,000 after purchasing an additional 8,782 shares in the last quarter. 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).