DLH (NASDAQ:DLHC) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS
by Doug Wharley · The Cerbat GemDLH (NASDAQ:DLHC – Get Free Report) announced its earnings results on Wednesday. The business services provider reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01), FiscalAI reports. DLH had a negative net margin of 0.33% and a negative return on equity of 0.95%. The firm had revenue of $59.27 million during the quarter, compared to analysts’ expectations of $58.00 million.
DLH Stock Up 2.3%
NASDAQ DLHC traded up $0.13 during trading on Thursday, reaching $5.73. 20,712 shares of the company’s stock traded hands, compared to its average volume of 9,432. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $83.03 million, a price-to-earnings ratio of -81.85 and a beta of 1.47. The company’s 50 day simple moving average is $5.87 and its two-hundred day simple moving average is $5.84. DLH has a 12-month low of $3.98 and a 12-month high of $8.10.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on DLHC shares. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. Zacks Research raised shares of DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.
Get Our Latest Stock Report on DLH
Insider Buying and Selling
In other DLH news, major shareholder Mink Brook Asset Management Ll bought 22,057 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were acquired at an average price of $5.50 per share, with a total value of $121,313.50. Following the transaction, the insider owned 1,975,147 shares of the company’s stock, valued at approximately $10,863,308.50. This trade represents a 1.13% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have bought 46,839 shares of company stock worth $257,615. Company insiders own 12.80% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in DLHC. Bank of America Corp DE increased 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 valued at $62,000 after purchasing an additional 1,855 shares during the period. Strs Ohio bought a new stake in shares of DLH in the 1st quarter valued at about $185,000. Qube Research & Technologies Ltd bought a new stake in shares of DLH in the 2nd quarter valued at about $73,000. Jane Street Group LLC bought a new stake in shares of DLH in the 2nd quarter valued at about $65,000. Finally, Vanguard Group Inc. boosted its holdings in shares of DLH by 1.2% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 67.25% of the company’s stock.
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.