DLH Holdings Corp. (NASDAQ:DLHC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The firm presently has a $7.25 price target on the business services provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 6.46% from the company’s current price.
According to Zacks, “DLH Holdings Corp. serves clients throughout the United States as a full-service provider of healthcare, logistics, and technical support services to DoD and Federal agencies. Its healthcare delivery solutions include professional services, such as case management, health and injury assessment, critical care, medical/surgical, emergency room/trauma center, counseling, behavioral health and trauma brain injury, medical systems analysis, and medical logistics, and allied support services in the areas of MRI technology, diagnostic sonography, phlebotomy, dosimetry, physical therapy, and pharmaceuticals. The company’s logistics and technical services include program and project management, systems engineering and applicable information technology services, integrated logistics support, training, equipment and non-tactical vehicle operations and maintenance, and facilities and shipyard support services. DLH Holdings Corp., formerly known as TeamStaff, Inc., is headquartered in Atlanta, Georgia. “
DLHC has been the topic of several other research reports. ValuEngine downgraded shares of DLH Holdings Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Noble Financial reaffirmed a “buy” rating on shares of DLH Holdings Corp. in a report on Wednesday, August 9th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $6.92.
DLH Holdings Corp. (DLHC) opened at 6.81 on Tuesday. The firm has a 50-day moving average of $6.14 and a 200-day moving average of $5.55. The stock has a market capitalization of $78.99 million, a price-to-earnings ratio of 18.26 and a beta of 0.75. DLH Holdings Corp. has a 1-year low of $4.10 and a 1-year high of $7.38.
DLH Holdings Corp. (NASDAQ:DLHC) last announced its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). DLH Holdings Corp. had a net margin of 4.12% and a return on equity of 13.97%. The business had revenue of $29.26 million during the quarter, compared to analysts’ expectations of $32.00 million. Equities research analysts anticipate that DLH Holdings Corp. will post $0.26 EPS for the current year.
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In related news, Director William H. Alderman sold 13,750 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $5.91, for a total transaction of $81,262.50. Following the transaction, the director now owns 110,303 shares of the company’s stock, valued at $651,890.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William H. Alderman sold 19,244 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $5.85, for a total transaction of $112,577.40. Following the transaction, the director now directly owns 126,707 shares in the company, valued at approximately $741,235.95. 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 three months. Insiders own 21.60% of the company’s stock.
An institutional investor recently raised its position in DLH Holdings Corp. stock. Renaissance Technologies LLC boosted its stake in shares of DLH Holdings Corp. (NASDAQ:DLHC) by 12.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,140 shares of the business services provider’s stock after purchasing 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 reporting period. Institutional investors and hedge funds own 49.17% of the company’s stock.
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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