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

DLH (NASDAQ:DLHC) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

DLH Stock Up 2.5 %

Shares of NASDAQ DLHC opened at $7.86 on Thursday. The company has a 50-day moving average of $8.19 and a 200 day moving average of $9.42. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.25. The stock has a market cap of $113.07 million, a PE ratio of 15.41 and a beta of 1.18. DLH has a 12-month low of $7.34 and a 12-month high of $17.58.

Insider Activity at DLH

In related news, CFO Kathryn M. Johnbull bought 10,000 shares of the stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average price of $7.76 per share, for a total transaction 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 represents a 1.93 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 21.60% of the company’s stock.

Hedge Funds Weigh In On DLH

Institutional investors have recently added to or reduced their stakes in the stock. Albert D Mason Inc. increased its stake 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 acquiring an additional 1,403 shares during the period. State Street Corp increased its position in shares of DLH by 3.9% in the third 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. Rhumbline Advisers purchased a new position in DLH during the 2nd quarter valued at about $90,000. Barclays PLC raised its position in shares of DLH by 299.3% during the 3rd 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 last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of 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 in the last quarter. 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).