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DLH (NASDAQ:DLHC) Stock Crosses Below 200-Day Moving Average - What's Next?

DLH logo with Business Services background

Shares of DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.33 and traded as low as $9.15. DLH shares last traded at $9.19, with a volume of 49,699 shares trading hands.

DLH Stock Down 0.3 %

The firm's 50-day simple moving average is $9.25 and its 200 day simple moving average is $10.32. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $129.89 million, a P/E ratio of 54.06 and a beta of 1.16.

Hedge Funds Weigh In On DLH

A number of institutional investors have recently added to or reduced their stakes in DLHC. Minerva Advisors LLC grew its position in shares of DLH by 24.2% in the 3rd quarter. Minerva Advisors LLC now owns 636,377 shares of the business services provider's stock valued at $5,950,000 after acquiring an additional 123,796 shares during the period. Vanguard Group Inc. boosted its stake in shares of DLH by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 507,623 shares of the business services provider's stock worth $6,736,000 after acquiring an additional 3,627 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of DLH by 24.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 233,800 shares of the business services provider's stock worth $2,469,000 after acquiring an additional 45,915 shares during the last quarter. Victory Capital Management Inc. bought a new stake in DLH in the 2nd quarter valued at $1,013,000. Finally, Albert D Mason Inc. lifted its holdings in DLH by 1.5% during the 3rd quarter. Albert D Mason Inc. now owns 93,559 shares of the business services provider's stock valued at $876,000 after purchasing an additional 1,403 shares during the last quarter. 67.25% of the stock is currently owned by institutional investors and hedge funds.

About DLH

(Get Free Report)

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).

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