DLH (NASDAQ:DLHC) Upgraded at StockNews.com

StockNews.com upgraded shares of DLH (NASDAQ:DLHC) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.

DLH Trading Down 5.0 %

NASDAQ DLHC opened at $7.47 on Thursday. The firm has a 50 day moving average of $8.17 and a two-hundred day moving average of $9.39. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $107.46 million, a PE ratio of 14.65 and a beta of 1.18. DLH has a 52 week low of $7.34 and a 52 week high of $17.58.

Insider Buying and Selling at DLH

In related news, CFO Kathryn M. Johnbull acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was bought at an average cost 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 in the company, valued at approximately $4,102,611.12. The trade was a 1.93 % 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. 21.60% of the stock is owned by insiders.

Hedge Funds Weigh In On DLH

A number of hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers acquired a new stake in shares of DLH during the second quarter worth $90,000. Barclays PLC raised 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 acquiring an additional 8,782 shares during the period. BNP Paribas Financial Markets raised its stake in DLH by 654.8% during the third quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider’s stock worth $139,000 after acquiring an additional 12,906 shares during the period. Squarepoint Ops LLC bought a new position in DLH in the second quarter worth about $367,000. Finally, Bank of New York Mellon Corp boosted its stake in DLH by 160.2% in the second quarter. Bank of New York Mellon Corp now owns 37,238 shares of the business services provider’s stock valued at $393,000 after acquiring an additional 22,928 shares during the period. Institutional investors and hedge funds 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).