DLH (NASDAQ:DLHC) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of DLH (NASDAQ:DLHC - Free Report) from a hold rating to a buy rating in a report published on Thursday morning.

DLH Stock Performance

Shares of DLH stock traded up $0.19 during midday trading on Thursday, hitting $7.86. The company had a trading volume of 17,732 shares, compared to its average volume of 27,346. DLH has a 1-year low of $7.34 and a 1-year high of $17.58. The business's 50 day simple moving average is $8.18 and its two-hundred day simple moving average is $9.41. The stock has a market cap of $113.07 million, a PE ratio of 15.41 and a beta of 1.18. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.99 and a quick ratio of 0.99.

Insider Buying and Selling

In other DLH news, CFO Kathryn M. Johnbull purchased 10,000 shares of the stock in a transaction on Tuesday, December 17th. The shares were purchased at an average price of $7.76 per share, with a total value of $77,600.00. Following the acquisition, the chief financial officer now directly owns 528,687 shares of the company's stock, valued at $4,102,611.12. This represents a 1.93 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 21.60% of the stock is owned by company insiders.

Institutional Trading of DLH

Several institutional investors have recently made changes to their positions in the business. Barclays PLC lifted its stake in DLH by 299.3% during the third 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 period. State Street Corp boosted its stake 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 buying an additional 4,165 shares in the last quarter. BNP Paribas Financial Markets grew its position in DLH by 654.8% in the third quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider's stock valued at $139,000 after acquiring an additional 12,906 shares during the period. Minerva Advisors LLC grew its position in DLH by 24.2% in the third 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. Finally, Albert D Mason Inc. raised its stake in DLH by 1.5% during the third quarter. Albert D Mason Inc. now owns 93,559 shares of the business services provider's stock worth $876,000 after acquiring an additional 1,403 shares in the last quarter. 67.25% of the stock is currently owned by institutional investors and hedge funds.

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).