DLH (NASDAQ:DLHC) Issues Quarterly Earnings Results
by Renee Jackson · The Cerbat GemDLH (NASDAQ:DLHC – Get Free Report) released its earnings results on Wednesday. The business services provider reported ($1.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.99), FiscalAI reports. The company had revenue of $44.23 million for the quarter, compared to the consensus estimate of $50.00 million. DLH had a negative net margin of 1.53% and a negative return on equity of 4.00%.
DLH Price Performance
NASDAQ:DLHC traded up $0.18 on Wednesday, hitting $5.40. The company had a trading volume of 6,966 shares, compared to its average volume of 28,938. DLH has a 52 week low of $5.03 and a 52 week high of $8.10. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $78.25 million, a price-to-earnings ratio of -18.00 and a beta of 1.45. The firm has a 50 day moving average of $5.40 and a two-hundred day moving average of $5.66.
Insider Buying and Selling at DLH
In other news, major shareholder Mink Brook Asset Management Ll acquired 5,000 shares of DLH stock in a transaction that occurred on Thursday, July 9th. The shares were acquired at an average price of $5.13 per share, for a total transaction of $25,650.00. Following the transaction, the insider directly owned 2,149,073 shares of the company’s stock, valued at approximately $11,024,744.49. The trade was a 0.23% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders acquired 168,856 shares of company stock worth $913,402. Company insiders own 12.80% of the company’s stock.
Hedge Funds Weigh In On DLH
Hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its position in DLH by 31.9% during the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock worth $62,000 after purchasing an additional 1,855 shares during the last quarter. Strs Ohio acquired a new stake in shares of DLH during the first quarter worth $185,000. Qube Research & Technologies Ltd bought a new position in DLH during the second quarter worth $73,000. Jane Street Group LLC acquired a new position in DLH in the second quarter valued at $65,000. Finally, Vanguard Group Inc. lifted its holdings in DLH by 1.2% in the third quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock valued at $2,795,000 after buying an additional 5,735 shares during the period. Institutional investors and hedge funds own 67.25% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently commented on DLHC shares. Zacks Research raised DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a research note on Friday, July 17th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.
View Our Latest Research Report on DLHC
About DLH
DLH Holdings Corp. (NASDAQ: DLHC) is a provider of mission-driven professional services primarily to federal government agencies and select commercial clients. The company designs and delivers tailored solutions across a range of critical mission areas, including program and project management, consulting, technical assistance, and administrative support. Through its Healthcare Solutions offerings, DLH also specializes in supporting clinical and allied health staffing needs for federal health agencies and health systems.
Operating under its Federal Solutions segment, DLH partners with agencies such as the Department of Veterans Affairs, Department of Defense, Department of Homeland Security, and the Department of Health and Human Services.
Further Reading
- Five stocks we like better than DLH
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock