Zacks Investment Research cut shares of DLH Holdings Corp. (NASDAQ:DLHC) from a buy rating to a hold rating in a research note issued to investors on Tuesday.
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 subject of several other research reports. ValuEngine downgraded DLH Holdings Corp. from a buy rating to a hold rating in a research note on Friday, September 1st. 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 issued a buy rating to the company. DLH Holdings Corp. currently has a consensus rating of Buy and an average price target of $7.25.
DLH Holdings Corp. (NASDAQ:DLHC) last issued its earnings results on Tuesday, August 8th. The business services provider reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). DLH Holdings Corp. had a return on equity of 13.97% and a net margin of 4.12%. The company had revenue of $29.26 million during the quarter, compared to the consensus estimate of $32.00 million.
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In other news, Director William H. Alderman sold 19,244 shares of DLH Holdings Corp. stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $5.85, for a total transaction of $112,577.40. Following the completion of the sale, the director now owns 126,707 shares in the company, valued at approximately $741,235.95. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Wynnefield Partners Small Cap sold 277,437 shares of DLH Holdings Corp. stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $6.03, for a total value of $1,672,945.11. The disclosure for this sale can be found here. In the last quarter, insiders have sold 377,306 shares of company stock valued at $2,273,198. Corporate insiders own 21.60% of the company’s stock.
An institutional investor recently raised its position in DLH Holdings Corp. stock. Essex Investment Management Co. LLC lifted its position in shares of DLH Holdings Corp. (NASDAQ:DLHC) by 19.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,844 shares of the business services provider’s stock after buying an additional 4,758 shares during the period. Essex Investment Management Co. LLC owned about 0.26% of DLH Holdings Corp. worth $155,000 as of its most recent SEC filing. Institutional investors and hedge funds own 49.17% of the company’s stock.
DLH Holdings Corp. 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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