DLH Holdings Corp. (NASDAQ:DLHC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released 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. “

A number of other equities research analysts have also issued reports on the stock. ValuEngine lowered shares of DLH Holdings Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Noble Financial reaffirmed a “buy” rating on shares of DLH Holdings Corp. in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. DLH Holdings Corp. presently has a consensus rating of “Buy” and an average price target of $6.92.

Shares of DLH Holdings Corp. (DLHC) traded down 9.23% during midday trading on Tuesday, reaching $6.00. 22,115 shares of the company’s stock traded hands. DLH Holdings Corp. has a one year low of $4.10 and a one year high of $7.38. The stock’s 50-day moving average price is $6.20 and its 200 day moving average price is $5.59. The firm has a market capitalization of $69.59 million, a PE ratio of 16.09 and a beta of 0.75.

DLH Holdings Corp. (NASDAQ:DLHC) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $29.26 million for the quarter, compared to analysts’ expectations of $32.00 million. On average, equities research analysts expect that DLH Holdings Corp. will post $0.26 earnings per share for the current fiscal year.

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In related news, Director William H. Alderman sold 19,244 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $5.85, for a total value of $112,577.40. Following the completion of the transaction, the director now directly owns 126,707 shares of the company’s stock, valued at $741,235.95. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Wynnefield Partners Small Cap sold 50,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $6.11, for a total transaction of $305,500.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 377,306 shares of company stock valued at $2,273,198. 21.60% of the stock is currently owned by insiders.

An institutional investor recently raised its position in DLH Holdings Corp. stock. Essex Investment Management Co. LLC lifted its holdings in DLH Holdings Corp. (NASDAQ:DLHC) by 19.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,844 shares of the business services provider’s stock after purchasing an additional 4,758 shares during the quarter. Essex Investment Management Co. LLC owned 0.26% of DLH Holdings Corp. worth $155,000 at the end of the most recent quarter. Institutional investors 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 veteransÂ’ 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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