Canaccord Genuity Reiterates “Buy” Rating for DLH Holdings Corp. (DLHC)
DLH Holdings Corp. (NASDAQ:DLHC)‘s stock had its “buy” rating restated by equities research analysts at Canaccord Genuity in a research report issued to clients and investors on Friday. They presently have a $7.00 price target on the business services provider’s stock. Canaccord Genuity’s target price would indicate a potential upside of 16.67% from the stock’s current price.
Other research analysts have also recently issued research reports about the stock. ValuEngine raised shares of DLH Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research cut shares of DLH Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Noble Financial reaffirmed a “buy” rating on shares of DLH Holdings Corp. in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $7.25.
DLH Holdings Corp. (NASDAQ DLHC) traded down 0.83% during midday trading on Friday, hitting $6.00. 19,630 shares of the stock traded hands. DLH Holdings Corp. has a 52-week low of $4.10 and a 52-week high of $7.38. The stock has a 50-day moving average of $6.21 and a 200 day moving average of $5.60. The firm has a market cap of $69.59 million, a PE ratio of 16.09 and a beta of 0.75.
DLH Holdings Corp. (NASDAQ:DLHC) last posted its earnings results on Tuesday, August 8th. The business services provider reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $32.00 million. Equities analysts forecast that DLH Holdings Corp. will post $0.26 EPS for the current year.
In other news, major shareholder Wynnefield Partners Small Cap sold 50,000 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $6.11, for a total transaction of $305,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William H. Alderman sold 16,875 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $5.98, for a total transaction of $100,912.50. Following the sale, the director now directly owns 145,047 shares in the company, valued at approximately $867,381.06. The disclosure for this sale can be found here. Insiders sold 377,306 shares of company stock worth $2,273,198 in the last ninety days. 21.60% of the stock is currently owned by corporate insiders.
A hedge fund recently raised its stake in DLH Holdings Corp. stock. Essex Investment Management Co. LLC lifted its holdings in shares of DLH Holdings Corp. (NASDAQ:DLHC) by 19.8% during the 2nd quarter, according to 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 about 0.26% of DLH Holdings Corp. worth $155,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 49.17% of the company’s stock.
About DLH Holdings Corp.
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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