Zacks: Brokerages Set $8.25 Price Target for DLH Holdings Corp (NASDAQ:DLHC)

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

Analysts have set a 1-year consensus target price of $8.25 for the company, according to Zacks. Zacks has also assigned DLH an industry rank of 196 out of 255 based on the ratings given to its competitors.

DLHC has been the subject of several research reports. Zacks Investment Research cut shares of DLH from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. ValuEngine upgraded shares of DLH from a “sell” rating to a “hold” rating in a research report on Friday, November 1st.

Shares of DLH stock traded up $0.01 during trading on Tuesday, hitting $4.41. The stock had a trading volume of 6,175 shares, compared to its average volume of 7,808. The firm has a market cap of $52.69 million, a price-to-earnings ratio of 9.00 and a beta of 0.89. DLH has a 12 month low of $3.66 and a 12 month high of $6.78. The business’s 50-day moving average is $4.18 and its 200 day moving average is $4.44.

DLH (NASDAQ:DLHC) last released its quarterly earnings results on Wednesday, December 11th. The business services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). DLH had a return on equity of 14.31% and a net margin of 3.32%. The firm had revenue of $54.18 million during the quarter, compared to the consensus estimate of $52.80 million. On average, sell-side analysts expect that DLH will post 0.61 earnings per share for the current fiscal year.

In other news, Director William H. Alderman sold 51,897 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $4.00, for a total transaction of $207,588.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kathryn M. Johnbull acquired 10,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were bought at an average price of $4.00 per share, for a total transaction of $40,000.00. Following the completion of the acquisition, the chief financial officer now owns 132,654 shares in the company, valued at $530,616. The disclosure for this purchase can be found here. 22.30% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of DLHC. Marshall Wace LLP acquired a new stake in DLH during the 1st quarter worth approximately $59,000. Acadian Asset Management LLC increased its position in DLH by 90.3% during the 2nd quarter. Acadian Asset Management LLC now owns 30,939 shares of the business services provider’s stock worth $158,000 after purchasing an additional 14,678 shares in the last quarter. Renaissance Technologies LLC increased its position in DLH by 22.7% during the 2nd quarter. Renaissance Technologies LLC now owns 337,680 shares of the business services provider’s stock worth $1,715,000 after purchasing an additional 62,441 shares in the last quarter. BlackRock Inc. increased its position in DLH by 94.6% during the 2nd quarter. BlackRock Inc. now owns 51,987 shares of the business services provider’s stock worth $264,000 after purchasing an additional 25,275 shares in the last quarter. Finally, River & Mercantile Asset Management LLP acquired a new stake in DLH during the 2nd quarter worth approximately $599,000. 57.61% of the stock is owned by hedge funds and other institutional investors.

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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