Zacks Investment Research upgraded shares of DLH (NASDAQ:DLHC) from a hold rating to a buy rating in a report published on Friday. Zacks Investment Research currently has $7.00 price target 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. “
Other equities research analysts have also issued research reports about the stock. Canaccord Genuity restated a buy rating and issued a $7.00 price target on shares of DLH in a research note on Friday, October 13th. TheStreet upgraded shares of DLH from a c rating to a b- rating in a research note on Wednesday, November 1st. Finally, ValuEngine lowered shares of DLH from a buy rating to a hold rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. DLH currently has a consensus rating of Buy and a consensus target price of $7.17.
Shares of DLH (NASDAQ DLHC) opened at $6.44 on Friday. DLH has a 12 month low of $4.10 and a 12 month high of $7.07. The company has a market cap of $75.78, a P/E ratio of 23.85 and a beta of 0.67.
In other news, major shareholder Wynnefield Partners Small Cap sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $6.11, for a total value of $305,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 21.60% of the company’s stock.
Several institutional investors have recently bought and sold shares of DLHC. Commonwealth Equity Services Inc bought a new position in shares of DLH in the third quarter valued at approximately $2,342,000. Essex Investment Management Co. LLC boosted its holdings in shares of 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 acquiring an additional 43,043 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in shares of DLH in the third quarter valued at approximately $121,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of 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 acquiring an additional 13,250 shares in the last quarter. Institutional investors and hedge funds 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 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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