DLH (DLHC) Stock Rating Lowered by Zacks Investment Research

DLH (NASDAQ:DLHC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday, January 16th.

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. “

DLHC has been the topic of a number of other reports. TheStreet raised shares of DLH from a “c” rating to a “b-” rating in a report on Wednesday, November 1st. Canaccord Genuity reaffirmed a “buy” rating and issued a $7.00 target price on shares of DLH in a report on Friday, October 13th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $7.17.

Shares of DLH (NASDAQ:DLHC) opened at $6.14 on Tuesday. DLH has a 52-week low of $4.10 and a 52-week high of $6.83. The company has a market cap of $72.96, a PE ratio of 21.93 and a beta of 0.12.

DLH (NASDAQ:DLHC) last issued its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $30.22 million for the quarter, compared to analysts’ expectations of $29.00 million. DLH had a net margin of 0.09% and a return on equity of 10.01%. equities analysts anticipate that DLH will post 0.56 EPS for the current year.

In other news, major shareholder Wynnefield Partners Small Cap sold 150,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $6.15, for a total value of $922,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 25.90% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services Inc acquired a new position in DLH in the 3rd quarter valued at about $2,342,000. Essex Investment Management Co. LLC grew its stake in DLH by 149.2% in the 3rd quarter. Essex Investment Management Co. LLC now owns 71,887 shares of the business services provider’s stock valued at $466,000 after buying an additional 43,043 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in DLH in the 3rd quarter valued at about $121,000. Institutional investors and hedge funds own 54.27% 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 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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