DLH Holdings Corp. (DLHC) Stock Rating Upgraded by TheStreet
DLH Holdings Corp. (NASDAQ:DLHC) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Wednesday.
Other research analysts have also recently issued research reports about the stock. ValuEngine upgraded 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. Noble Financial reiterated a “buy” rating on shares of DLH Holdings Corp. in a research report on Wednesday, August 9th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $7.00 price objective on shares of DLH Holdings Corp. in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $7.25.
DLH Holdings Corp. (NASDAQ:DLHC) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.08 earnings per share 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 firm had revenue of $29.26 million for the quarter, compared to the consensus estimate of $32.00 million.
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In other news, major shareholder Wynnefield Partners Small Cap sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $6.11, for a total value of $305,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William H. Alderman sold 13,750 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $5.91, for a total transaction of $81,262.50. Following the completion of the transaction, the director now owns 110,303 shares in the company, valued at $651,890.73. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 377,306 shares of company stock worth $2,273,198. Company insiders own 21.60% of the company’s stock.
An institutional investor recently raised its position in DLH Holdings Corp. stock. Essex Investment Management Co. LLC increased its holdings in DLH Holdings Corp. (NASDAQ:DLHC) by 149.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,887 shares of the business services provider’s stock after acquiring an additional 43,043 shares during the quarter. Essex Investment Management Co. LLC owned approximately 0.62% of DLH Holdings Corp. worth $466,000 as of its most recent SEC filing. Hedge funds and other 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 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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