Noble Financial reaffirmed their buy rating on shares of DLH (NASDAQ:DLHC) in a report released on Wednesday morning, TipRanks reports. The brokerage currently has a $11.00 target price on the business services provider’s stock.
Other research analysts also recently issued research reports about the company. TheStreet raised DLH from a c rating to a b- rating in a research note on Thursday, May 28th. Zacks Investment Research downgraded DLH from a buy rating to a hold rating in a research note on Wednesday, May 13th. Finally, ValuEngine downgraded DLH from a hold rating to a sell rating in a research note on Tuesday, April 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $8.00.
NASDAQ:DLHC traded down $0.60 during trading hours on Wednesday, hitting $8.17. 300 shares of the stock were exchanged, compared to its average volume of 35,316. The company’s 50 day moving average is $6.30 and its two-hundred day moving average is $4.89. DLH has a twelve month low of $3.00 and a twelve month high of $9.00. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $105.81 million, a P/E ratio of 18.62 and a beta of 1.13.
DLH (NASDAQ:DLHC) last posted its quarterly earnings data on Wednesday, May 6th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. DLH had a return on equity of 14.80% and a net margin of 3.00%. The firm had revenue of $54.80 million for the quarter. On average, equities research analysts expect that DLH will post 0.59 EPS for the current year.
In related news, insider Kevin Wilson sold 15,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $8.00, for a total transaction of $120,000.00. Following the sale, the insider now owns 270,006 shares of the company’s stock, valued at approximately $2,160,048. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.50% of the company’s stock.
A number of institutional investors have recently modified their holdings of DLHC. Cambridge Investment Research Advisors Inc. bought a new position in DLH during the 1st quarter worth about $42,000. Globeflex Capital L P grew its holdings in shares of DLH by 10.6% in the 1st quarter. Globeflex Capital L P now owns 107,763 shares of the business services provider’s stock valued at $454,000 after acquiring an additional 10,299 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of DLH by 1.0% in the 4th quarter. Renaissance Technologies LLC now owns 319,251 shares of the business services provider’s stock valued at $1,338,000 after acquiring an additional 3,281 shares in the last quarter. Cove Street Capital LLC grew its holdings in shares of DLH by 41.4% in the 4th quarter. Cove Street Capital LLC now owns 212,831 shares of the business services provider’s stock valued at $892,000 after acquiring an additional 62,334 shares in the last quarter. Finally, Essex Investment Management Co. LLC grew its holdings in shares of DLH by 3.7% in the 4th quarter. Essex Investment Management Co. LLC now owns 122,184 shares of the business services provider’s stock valued at $512,000 after acquiring an additional 4,355 shares in the last quarter. 56.41% of the stock is currently owned by institutional investors and hedge funds.
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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