Zacks: DLH Holdings Corp (DLHC) Receives Consensus Recommendation of “Strong Buy” from Brokerages
Shares of DLH Holdings Corp (NASDAQ:DLHC) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1 year consensus target price of $8.25 for the company and are anticipating that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also assigned DLH an industry rank of 201 out of 255 based on the ratings given to its competitors.
Several research analysts recently weighed in on DLHC shares. Noble Financial restated a “buy” rating and set a $8.25 price target on shares of DLH in a report on Sunday, February 17th. Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th.
DLH (NASDAQ:DLHC) last released its quarterly earnings results on Thursday, February 14th. The business services provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.06. DLH had a net margin of 4.66% and a return on equity of 16.58%. The business had revenue of $33.75 million for the quarter, compared to analysts’ expectations of $32.50 million. As a group, analysts predict that DLH will post 0.56 EPS for the current year.
In other DLH news, insider Kevin Wilson sold 20,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $6.01, for a total value of $120,200.00. Following the transaction, the insider now directly owns 285,006 shares in the company, valued at $1,712,886.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Wynnefield Partners Small Cap sold 25,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $6.30, for a total transaction of $157,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 232,843 shares of company stock worth $1,411,702. Corporate insiders own 22.30% of the company’s stock.
An institutional investor recently raised its position in DLH stock. Perritt Capital Management Inc. lifted its holdings in shares of DLH Holdings Corp (NASDAQ:DLHC) by 42.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 510,715 shares of the business services provider’s stock after buying an additional 151,217 shares during the quarter. Perritt Capital Management Inc. owned about 4.24% of DLH worth $2,378,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 57.25% of the company’s stock.
DLH 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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