DLH Holdings Corp. (NASDAQ:DLHC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

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. “

Several other research firms have also commented on DLHC. Noble Financial reaffirmed a “buy” rating on shares of DLH Holdings Corp. in a report on Saturday, May 13th. ValuEngine downgraded DLH Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $6.67.

Shares of DLH Holdings Corp. (NASDAQ:DLHC) traded up 3.39% during trading on Friday, hitting $5.79. The stock had a trading volume of 9,054 shares. DLH Holdings Corp. has a 12-month low of $4.10 and a 12-month high of $7.38. The company has a market cap of $65.14 million, a PE ratio of 16.08 and a beta of 0.72. The stock’s 50 day moving average is $5.69 and its 200-day moving average is $5.39.

DLH Holdings Corp. (NASDAQ:DLHC) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The business had revenue of $29.26 million during the quarter, compared to analyst estimates of $32 million. DLH Holdings Corp. had a return on equity of 14.19% and a net margin of 4.12%. Analysts forecast that DLH Holdings Corp. will post $0.28 earnings per share for the current year.

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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 Form 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter. 50.92% of the stock is owned by institutional investors.

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