DLH Holdings Corp. (DLHC) Issues Earnings Results
DLH Holdings Corp. (NASDAQ:DLHC) released its quarterly earnings data on Tuesday. The business services provider reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.02, MarketWatch Earnings reports. DLH Holdings Corp. had a return on equity of 14.32% and a net margin of 4.13%.
DLH Holdings Corp. (NASDAQ:DLHC) traded down 0.87% during trading on Tuesday, reaching $5.70. The company’s stock had a trading volume of 2,279 shares. The company has a 50 day moving average price of $5.60 and a 200-day moving average price of $5.41. The company has a market capitalization of $64.13 million, a PE ratio of 15.83 and a beta of 0.72. DLH Holdings Corp. has a 52 week low of $4.10 and a 52 week high of $7.38.
An institutional investor recently raised its position in DLH Holdings Corp. stock. Essex Investment Management Co. LLC increased its position in shares of DLH Holdings Corp. (NASDAQ:DLHC) by 19.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 28,844 shares of the business services provider’s stock after buying an additional 4,758 shares during the period. Essex Investment Management Co. LLC owned approximately 0.26% of DLH Holdings Corp. worth $155,000 as of its most recent filing with the SEC. 50.92% of the stock is currently owned by institutional investors.
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DLHC has been the topic of a number of recent research reports. Noble Financial reissued a “buy” rating on shares of DLH Holdings Corp. in a research note on Saturday, May 13th. Zacks Investment Research raised DLH Holdings Corp. from a “hold” rating to a “buy” rating and set a $5.50 price objective on the stock in a research note on Monday, May 8th. Finally, ValuEngine raised DLH Holdings Corp. from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $6.33.
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