DLH (DLHC) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research lowered shares of DLH (NASDAQ:DLHC) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

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 a number of other reports. TheStreet upgraded DLH from a c rating to a b- rating in a report on Wednesday, November 1st. Canaccord Genuity restated a buy rating and issued a $7.00 price objective on shares of DLH in a report on Friday, October 13th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. DLH has a consensus rating of Buy and a consensus price target of $7.17.

DLH (NASDAQ DLHC) traded up $0.04 during midday trading on Tuesday, reaching $6.17. The company had a trading volume of 3,145 shares, compared to its average volume of 7,416. DLH has a 1 year low of $4.10 and a 1 year high of $6.83. The stock has a market capitalization of $72.84, a P/E ratio of 22.85 and a beta of 0.65.

DLH (NASDAQ:DLHC) last released its earnings results on Wednesday, December 6th. The business services provider reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01). DLH had a return on equity of 9.61% and a net margin of 2.84%. research analysts forecast that DLH will post 0.35 EPS for the current fiscal year.

In other news, major shareholder Wynnefield Partners Small Cap sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $6.15, for a total value of $922,500.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 25.90% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP purchased a new stake in shares of DLH during the 3rd quarter valued at about $121,000. Essex Investment Management Co. LLC raised its holdings in shares of DLH by 149.2% during the 3rd quarter. Essex Investment Management Co. LLC now owns 71,887 shares of the business services provider’s stock valued at $466,000 after buying an additional 43,043 shares during the period. Finally, Commonwealth Equity Services Inc purchased a new stake in shares of DLH during the 3rd quarter valued at about $2,342,000. Institutional investors and hedge funds own 54.33% of the company’s stock.

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About DLH

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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