DLH Holdings Corp. (NASDAQ:DLHC) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b-” rating in a research report issued to clients and investors on Wednesday, November 1st.
A number of other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded DLH Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. ValuEngine downgraded DLH Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Canaccord Genuity reiterated a “buy” rating and set a $7.00 price target on shares of DLH Holdings Corp. in a research report on Friday, October 13th. Finally, Noble Financial reiterated a “buy” rating on shares of DLH Holdings Corp. in a research report on Wednesday, August 9th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. DLH Holdings Corp. has a consensus rating of “Buy” and a consensus price target of $7.25.
Shares of DLH Holdings Corp. (NASDAQ DLHC) traded up $0.10 on Wednesday, hitting $6.05. The stock had a trading volume of 1,600 shares, compared to its average volume of 8,160. DLH Holdings Corp. has a 1 year low of $4.10 and a 1 year high of $7.38. The stock has a market capitalization of $70.18, a P/E ratio of 15.51 and a beta of 0.71.
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In related news, major shareholder Wynnefield Partners Small Cap sold 50,000 shares of DLH Holdings Corp. stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $6.11, for a total value of $305,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William H. Alderman sold 16,875 shares of DLH Holdings Corp. stock in a transaction on Wednesday, August 23rd. The shares were 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 owns 145,047 shares of the company’s stock, valued at $867,381.06. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 377,306 shares of company stock valued at $2,273,198. Company insiders own 21.60% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services Inc acquired a new stake in DLH Holdings Corp. in the third quarter valued at $2,342,000. Essex Investment Management Co. LLC raised its stake in DLH Holdings Corp. 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 buying an additional 43,043 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in DLH Holdings Corp. 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 buying an additional 13,250 shares in the last quarter. Institutional investors own 49.54% of the company’s stock.
About DLH Holdings Corp.
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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