DLH Holdings Corp. (NASDAQ:DLHC) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus target price of $6.75 for the company and are anticipating that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also given DLH Holdings Corp. an industry rank of 73 out of 265 based on the ratings given to its competitors.
Several research analysts have recently issued reports on the stock. ValuEngine downgraded shares of DLH Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Canaccord Genuity reiterated a “buy” rating and issued a $7.00 target price on shares of DLH Holdings Corp. in a research note on Friday, October 13th. Zacks Investment Research downgraded shares of DLH Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. TheStreet upgraded shares of DLH Holdings Corp. from a “c” rating to a “b-” rating in a research note on Wednesday, November 1st. Finally, Noble Financial reiterated a “buy” rating on shares of DLH Holdings Corp. in a research note on Wednesday, August 9th.
In other news, Director William H. Alderman sold 13,750 shares of the business’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 completion of the transaction, the director now directly owns 110,303 shares of the company’s stock, valued at $651,890.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William H. Alderman sold 19,244 shares of the business’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 of the company’s stock, valued at $741,235.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 377,306 shares of company stock worth $2,273,198. Insiders own 21.60% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP purchased a new position in shares of DLH Holdings Corp. during the third quarter valued at approximately $121,000. Commonwealth Equity Services Inc purchased a new position in shares of DLH Holdings Corp. during the third quarter valued at approximately $2,342,000. Essex Investment Management Co. LLC raised its holdings in shares of DLH Holdings Corp. by 149.2% during the third quarter. Essex Investment Management Co. LLC now owns 71,887 shares of the business services provider’s stock valued at $466,000 after purchasing an additional 43,043 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of DLH Holdings Corp. by 12.4% during the first quarter. Renaissance Technologies LLC now owns 120,140 shares of the business services provider’s stock valued at $649,000 after purchasing an additional 13,250 shares during the last quarter. 52.66% of the stock is owned by hedge funds and other institutional investors.
DLH Holdings Corp. (DLHC) traded up $0.05 during trading hours on Thursday, reaching $5.77. 3,351 shares of the company traded hands, compared to its average volume of 14,792. DLH Holdings Corp. has a 1-year low of $4.10 and a 1-year high of $7.38. The company has a market capitalization of $66.12, a price-to-earnings ratio of 14.61 and a beta of 0.71.
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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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