DLH (NASDAQ:DLHC) Stock Rating Upgraded by StockNews.com

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

DLH Price Performance

DLHC opened at $7.86 on Thursday. DLH has a 1 year low of $7.34 and a 1 year high of $17.58. The company’s 50 day simple moving average is $8.18 and its 200 day simple moving average is $9.41. The stock has a market capitalization 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 quick ratio of 0.99 and a current ratio of 0.99.

Insider Activity

In other news, CFO Kathryn M. Johnbull purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired 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 owns 528,687 shares in the company, valued at approximately $4,102,611.12. This trade represents a 1.93 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 21.60% of the company’s stock.

Hedge Funds Weigh In On DLH

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLHC. Barclays PLC lifted its stake 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 worth $109,000 after acquiring an additional 8,782 shares in the last quarter. State Street Corp increased its holdings in DLH by 3.9% during the 3rd quarter. State Street Corp now owns 111,447 shares of the business services provider’s stock worth $1,043,000 after purchasing an additional 4,165 shares during the last quarter. BNP Paribas Financial Markets raised its position 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 purchasing an additional 12,906 shares in the last quarter. Minerva Advisors LLC boosted its stake in shares of DLH by 24.2% during the 3rd quarter. Minerva Advisors LLC now owns 636,377 shares of the business services provider’s stock valued at $5,950,000 after buying an additional 123,796 shares during the last quarter. Finally, Albert D Mason Inc. grew its position in shares of 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 buying an additional 1,403 shares in the last quarter. 67.25% of the stock is owned by hedge funds and other institutional investors.

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).