DLH Holdings Corp. (DLHC) Lifted to “B-” at TheStreet
A number of other analysts have also recently weighed in on the company. Zacks Investment Research cut DLH Holdings Corp. from a buy rating to a hold rating in a research note on Tuesday, July 11th. ValuEngine cut DLH Holdings Corp. from a buy rating to a hold rating in a research note on Friday, September 1st. Canaccord Genuity restated a buy rating and issued a $7.00 price target on shares of DLH Holdings Corp. in a research note on Friday, October 13th. Finally, Noble Financial restated a buy rating on shares of DLH Holdings Corp. in a research note on Wednesday, August 9th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $7.25.
DLH Holdings Corp. (DLHC) opened at $6.32 on Wednesday. The firm has a market cap of $73.31, a PE ratio of 16.21 and a beta of 0.71.
DLH Holdings Corp. (NASDAQ:DLHC) last released 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 company had revenue of $29.26 million during the quarter, compared to analysts’ expectations of $32.00 million. DLH Holdings Corp. had a net margin of 4.12% and a return on equity of 13.97%. equities analysts predict that DLH Holdings Corp. will post 0.26 earnings per share for the current fiscal year.
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In other news, major shareholder Wynnefield Partners Small Cap sold 50,000 shares of DLH Holdings Corp. stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $6.11, for a total transaction of $305,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William H. Alderman sold 13,750 shares of DLH Holdings Corp. stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $5.91, for a total value of $81,262.50. Following the sale, the director now owns 110,303 shares in the company, valued at approximately $651,890.73. The disclosure for this sale can be found here. Insiders have sold 377,306 shares of company stock worth $2,273,198 in the last quarter. Insiders own 21.60% of the company’s stock.
A hedge fund recently raised its stake in DLH Holdings Corp. stock. Essex Investment Management Co. LLC raised its holdings in DLH Holdings Corp. (NASDAQ:DLHC) by 19.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,844 shares of the business services provider’s stock after purchasing an additional 4,758 shares during the quarter. Essex Investment Management Co. LLC owned 0.26% of DLH Holdings Corp. worth $155,000 as of its most recent filing with the Securities and Exchange Commission. 49.17% of the stock is currently owned by hedge funds and other institutional investors.
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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