DLH Holdings Corp. (DLHC) Lifted to “B-” at TheStreet
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of DLH Holdings Corp. from a hold rating to a buy rating and set a $6.50 target price for the company in a research report on Thursday, August 10th. Noble Financial reissued a buy rating on shares of DLH Holdings Corp. in a research report on Wednesday, August 9th. ValuEngine raised shares of DLH Holdings Corp. from a hold rating to a buy rating in a research report on Monday, July 24th. Finally, Canaccord Genuity reissued a buy rating and issued a $7.00 target price on shares of DLH Holdings Corp. in a research report on Friday, October 13th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $7.25.
Shares of DLH Holdings Corp. (NASDAQ DLHC) opened at $6.32 on Wednesday. The stock has a market cap of $70.41 million, a P/E ratio of 15.56 and a beta of 0.71.
DLH Holdings Corp. (NASDAQ:DLHC) last announced its earnings results on Tuesday, August 8th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). The business had revenue of $29.26 million during the quarter, compared to the consensus estimate of $32.00 million. DLH Holdings Corp. had a net margin of 4.12% and a return on equity of 13.97%. sell-side analysts anticipate that DLH Holdings Corp. will post 0.26 earnings per share for the current year.
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In related news, Director William H. Alderman sold 19,244 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $5.85, for a total transaction of $112,577.40. Following the completion of the sale, the director now owns 126,707 shares of the company’s stock, valued at $741,235.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Wynnefield Partners Small Cap sold 277,437 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $6.03, for a total transaction of $1,672,945.11. The disclosure for this sale can be found here. Insiders have sold 377,306 shares of company stock valued at $2,273,198 in the last ninety days. 21.60% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in DLH Holdings Corp. stock. Essex Investment Management Co. LLC grew its holdings in shares of DLH Holdings Corp. (NASDAQ:DLHC) by 19.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,844 shares of the business services provider’s stock after acquiring an additional 4,758 shares during the quarter. Essex Investment Management Co. LLC owned 0.26% of DLH Holdings Corp. worth $155,000 at the end of the most recent quarter. 49.17% of the stock is owned by institutional investors and hedge funds.
DLH Holdings Corp. Company Profile
DLH Holdings Corp. provides healthcare and social services in the United States. It offers defense and veterans health solutions, including case management, physical and behavioral health examinations, and medical administration and logistics services. The company also provides a range of human services and solutions, which consists of educational and environmental support services for the underserved children and youth comprising health, nutritional, parental, and behavioral services; and IT system architecture design, migration plan, and ongoing maintenance services.
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