Insider Selling: DLH Holdings Corp. (DLHC) Director Sells 19,244 Shares of Stock
DLH Holdings Corp. (NASDAQ:DLHC) Director William H. Alderman sold 19,244 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $5.85, for a total value of $112,577.40. Following 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 filing with the SEC, which is accessible through the SEC website.
DLH Holdings Corp. (DLHC) traded up 3.80% during trading on Monday, hitting $6.01. The stock had a trading volume of 23,831 shares. DLH Holdings Corp. has a 52 week low of $4.10 and a 52 week high of $7.38. The company has a 50-day moving average of $5.80 and a 200-day moving average of $5.38. The stock has a market capitalization of $69.71 million, a P/E ratio of 16.11 and a beta of 0.72.
DLH Holdings Corp. (NASDAQ:DLHC) last issued its quarterly 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. DLH Holdings Corp. had a return on equity of 13.97% and a net margin of 4.12%. The business had revenue of $29.26 million during the quarter, compared to analysts’ expectations of $32 million. On average, equities analysts expect that DLH Holdings Corp. will post $0.26 earnings per share for the current fiscal year.
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A hedge fund recently raised its stake in DLH Holdings Corp. stock. Renaissance Technologies LLC raised its position in DLH Holdings Corp. (NASDAQ:DLHC) by 12.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,140 shares of the business services provider’s stock after buying an additional 13,250 shares during the period. Renaissance Technologies LLC owned approximately 1.07% of DLH Holdings Corp. worth $649,000 at the end of the most recent quarter. 49.17% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on DLHC shares. Zacks Investment Research upgraded DLH Holdings Corp. from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a research report on Monday, May 8th. ValuEngine raised DLH Holdings Corp. from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Finally, Noble Financial reissued a “buy” rating on shares of DLH Holdings Corp. in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. DLH Holdings Corp. presently has an average rating of “Buy” and an average price target of $6.67.
About DLH Holdings Corp.
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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