DLH (NASDAQ:DLHC) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of DLH Holdings Corp. (NASDAQ:DLHC) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.33 and traded as low as $7.72. DLH shares last traded at $7.94, with a volume of 25,033 shares.

Analyst Ratings Changes

Separately, StockNews.com raised shares of DLH from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th.

DLH Stock Performance

The firm has a 50 day moving average of $8.11 and a 200-day moving average of $9.33. The company has a market cap of $114.22 million, a P/E ratio of 15.57 and a beta of 1.18. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.25.

Insider Transactions at DLH

In other news, CFO Kathryn M. Johnbull acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of $7.76 per share, for a total transaction of $77,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 528,687 shares of the company’s stock, valued at $4,102,611.12. The trade was a 1.93 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 21.60% of the company’s stock.

Institutional Investors Weigh In On DLH

Large investors have recently modified their holdings of the business. Rhumbline Advisers purchased a new position in DLH during the second quarter valued at approximately $90,000. Barclays PLC boosted its position in DLH by 299.3% during the 3rd quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 8,782 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of DLH by 654.8% in the 3rd 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. Squarepoint Ops LLC bought a new position in shares of DLH in the 2nd quarter worth $367,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of DLH by 160.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 37,238 shares of the business services provider’s stock worth $393,000 after purchasing an additional 22,928 shares during the last quarter. 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).