Zacks Investment Research upgraded shares of DLH (NASDAQ:DLHC) from a hold rating to a buy rating in a report released on Friday morning. They currently have $7.00 target price on the business services provider’s stock.

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 analysts have also commented on the company. Canaccord Genuity reissued a buy rating and set a $7.00 price objective on shares of DLH in a report on Friday, October 13th. ValuEngine lowered DLH from a buy rating to a hold rating in a report on Friday, September 1st. Finally, TheStreet upgraded DLH from a c rating to a b- rating in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. DLH currently has a consensus rating of Buy and a consensus target price of $7.17.

Shares of DLH (DLHC) traded up $0.22 on Friday, reaching $6.45. The company’s stock had a trading volume of 1,404 shares, compared to its average volume of 9,260. The company has a market cap of $73.31, a price-to-earnings ratio of 23.07 and a beta of 0.66. DLH has a 1 year low of $4.10 and a 1 year high of $7.07.

In other news, major shareholder Wynnefield Partners Small Cap sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $6.11, for a total value of $305,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 21.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in DLHC. Commonwealth Equity Services Inc purchased a new position in shares of DLH in the 3rd quarter worth approximately $2,342,000. Essex Investment Management Co. LLC lifted its stake in DLH by 149.2% in the third quarter. Essex Investment Management Co. LLC now owns 71,887 shares of the business services provider’s stock valued at $466,000 after purchasing an additional 43,043 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in DLH in the third quarter valued at approximately $121,000. Finally, Renaissance Technologies LLC lifted its stake in DLH by 12.4% in the first quarter. Renaissance Technologies LLC now owns 120,140 shares of the business services provider’s stock valued at $649,000 after purchasing an additional 13,250 shares during the last quarter. Hedge funds and other institutional investors own 55.64% of the company’s stock.

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DLH 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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