DLH (DLHC) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of DLH (NASDAQ:DLHC) from a hold rating to a buy rating in a report released on Monday morning. Zacks Investment Research currently has $7.00 price objective 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 analysts have also issued research reports about the company. TheStreet raised DLH from a c rating to a b- rating in a research note on Wednesday, November 1st. Canaccord Genuity reaffirmed a buy rating and set a $7.00 price objective on shares of DLH in a research note on Friday, October 13th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $7.17.

DLH (NASDAQ DLHC) traded up $0.04 on Monday, hitting $6.19. The company had a trading volume of 1,549 shares, compared to its average volume of 7,100. The firm has a market capitalization of $73.08, a price-to-earnings ratio of 22.93 and a beta of 0.65. DLH has a fifty-two week low of $4.10 and a fifty-two week high of $6.83.

In related news, major shareholder Wynnefield Partners Small Cap sold 150,000 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $6.15, for a total transaction of $922,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 25.90% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP purchased a new position in DLH during the third quarter worth about $121,000. Essex Investment Management Co. LLC lifted its position in DLH by 149.2% during the third quarter. Essex Investment Management Co. LLC now owns 71,887 shares of the business services provider’s stock worth $466,000 after buying an additional 43,043 shares during the period. Finally, Commonwealth Equity Services Inc purchased a new position in DLH during the third quarter worth about $2,342,000. Hedge funds and other institutional investors own 54.33% 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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