Zacks: DLH Holdings Corp (NASDAQ:DLHC) Given Consensus Rating of “Strong Buy” by Brokerages

DLH Holdings Corp (NASDAQ:DLHC) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a 1-year consensus price target of $8.25 for the company and are predicting that the company will post $0.12 earnings per share for the current quarter, according to Zacks. Zacks has also assigned DLH an industry rank of 214 out of 256 based on the ratings given to related companies.

Several analysts have recently commented on DLHC shares. Zacks Investment Research downgraded shares of DLH from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Noble Financial reiterated a “buy” rating and issued a $8.25 target price on shares of DLH in a report on Sunday, February 17th. Finally, ValuEngine downgraded shares of DLH from a “hold” rating to a “sell” rating in a report on Friday.

DLHC traded down $0.16 during trading on Friday, hitting $4.64. 12,966 shares of the company’s stock were exchanged, compared to its average volume of 32,495. DLH has a fifty-two week low of $4.16 and a fifty-two week high of $6.78. The company has a market cap of $55.85 million, a price-to-earnings ratio of 11.60 and a beta of 0.97.

DLH (NASDAQ:DLHC) last released its quarterly earnings data on Tuesday, May 7th. The business services provider reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.03). DLH had a return on equity of 15.72% and a net margin of 4.65%. The business had revenue of $33.76 million for the quarter, compared to analyst estimates of $35.00 million. On average, analysts forecast that DLH will post 0.48 earnings per share for the current year.

In related news, insider Kevin Wilson sold 20,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $6.01, for a total transaction of $120,200.00. Following the completion of the transaction, the insider now owns 285,006 shares in the company, valued at $1,712,886.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Wynnefield Partners Small Cap sold 51,874 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $6.02, for a total transaction of $312,281.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 188,724 shares of company stock valued at $1,135,918. 22.30% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP bought a new position in DLH during the first quarter valued at about $59,000. Essex Investment Management Co. LLC grew its position in DLH by 12.8% during the first quarter. Essex Investment Management Co. LLC now owns 68,333 shares of the business services provider’s stock valued at $437,000 after buying an additional 7,744 shares during the period. Renaissance Technologies LLC grew its position in DLH by 56.5% during the first quarter. Renaissance Technologies LLC now owns 275,239 shares of the business services provider’s stock valued at $1,762,000 after buying an additional 99,350 shares during the period. Punch & Associates Investment Management Inc. grew its position in DLH by 19.1% during the first quarter. Punch & Associates Investment Management Inc. now owns 528,690 shares of the business services provider’s stock valued at $3,384,000 after buying an additional 84,790 shares during the period. Finally, Northern Trust Corp bought a new position in DLH during the first quarter valued at about $67,000. Institutional investors own 57.40% of the company’s stock.

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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