Zacks: DLH Holdings Corp (NASDAQ:DLHC) Given $8.25 Average Price Target by Analysts

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

Analysts have set a 12-month consensus price target of $8.25 for the company and are anticipating that the company will post $0.13 earnings per share for the current quarter, according to Zacks. Zacks has also assigned DLH an industry rank of 201 out of 255 based on the ratings given to related companies.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut DLH from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. ValuEngine upgraded DLH from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 25th.

Shares of DLHC traded down $0.14 during midday trading on Monday, hitting $4.15. 4,295 shares of the company traded hands, compared to its average volume of 29,549. The stock has a 50-day moving average of $4.28 and a 200-day moving average of $5.18. DLH has a one year low of $3.66 and a one year high of $6.78. The firm has a market cap of $50.79 million, a P/E ratio of 10.38 and a beta of 1.03. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.16 and a quick ratio of 1.16.

DLH (NASDAQ:DLHC) last announced its quarterly earnings results on Monday, August 5th. The business services provider reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. DLH had a return on equity of 15.30% and a net margin of 3.98%. The firm had revenue of $38.70 million for the quarter, compared to analysts’ expectations of $35.80 million. Sell-side analysts forecast that DLH will post 0.49 EPS for the current fiscal year.

In related news, major shareholder Wynnefield Partners Small Cap acquired 10,000 shares of the firm’s stock in a transaction that occurred on Saturday, August 10th. The shares were bought at an average cost of $4.25 per share, for a total transaction of $42,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.30% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. River & Mercantile Asset Management LLP purchased a new stake in DLH in the second quarter worth approximately $599,000. Punch & Associates Investment Management Inc. boosted its stake in DLH by 19.1% in the first quarter. Punch & Associates Investment Management Inc. now owns 528,690 shares of the business services provider’s stock worth $3,384,000 after buying an additional 84,790 shares in the last quarter. Renaissance Technologies LLC boosted its stake in DLH by 22.7% in the second quarter. Renaissance Technologies LLC now owns 337,680 shares of the business services provider’s stock worth $1,715,000 after buying an additional 62,441 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in DLH in the second quarter worth approximately $312,000. Finally, Bailard Inc. purchased a new stake in DLH in the second quarter worth approximately $165,000. Institutional investors own 59.34% 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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