DLH Holdings Corp. (DLHC) Stock Rating Reaffirmed by Canaccord Genuity
DLH Holdings Corp. (NASDAQ:DLHC)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity in a report issued on Friday. They currently have a $7.00 price target on the business services provider’s stock. Canaccord Genuity’s price objective suggests a potential upside of 16.67% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. ValuEngine raised DLH Holdings Corp. from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research downgraded DLH Holdings Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Finally, Noble Financial reaffirmed a “buy” rating on shares of DLH Holdings Corp. in a report on Wednesday, August 9th. Two 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 an average rating of “Buy” and an average price target of $7.25.
DLH Holdings Corp. (NASDAQ:DLHC) opened at 6.00 on Friday. The firm has a 50-day moving average price of $6.22 and a 200 day moving average price of $5.60. 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 $69.59 million, a P/E ratio of 16.09 and a beta of 0.75.
DLH Holdings Corp. (NASDAQ:DLHC) last issued its earnings results 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). The business had revenue of $29.26 million during the quarter, compared to analyst estimates of $32.00 million. DLH Holdings Corp. had a net margin of 4.12% and a return on equity of 13.97%. On average, equities analysts expect that DLH Holdings Corp. will post $0.26 earnings per share for the current year.
In other news, Director William H. Alderman sold 16,875 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $5.98, for a total value of $100,912.50. Following the completion of the transaction, the director now directly owns 145,047 shares in the company, valued at approximately $867,381.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Wynnefield Partners Small Cap sold 50,000 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $6.11, for a total value of $305,500.00. The disclosure for this sale can be found here. Insiders sold a total of 377,306 shares of company stock valued at $2,273,198 over the last quarter. 21.60% of the stock is 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 DLH Holdings Corp. (NASDAQ:DLHC) by 19.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,844 shares of the business services provider’s stock after acquiring 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 Securities and Exchange Commission. 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.
Receive News & Stock Ratings for DLH Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DLH Holdings Corp. and related stocks with our FREE daily email newsletter.