DLH Holdings Corp. (DLHC) Given $6.75 Average Target Price by Brokerages

DLH Holdings Corp. (NASDAQ:DLHC) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Analysts have set a twelve-month consensus price target of $6.75 for the company and are forecasting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also given DLH an industry rank of 49 out of 265 based on the ratings given to related companies.

DLHC has been the topic of a number of recent research reports. Zacks Investment Research raised shares of DLH from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research report on Friday, December 8th. TheStreet raised shares of DLH from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st. ValuEngine cut shares of DLH from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Canaccord Genuity reissued a “buy” rating and set a $7.00 target price on shares of DLH in a research report on Friday, October 13th.

In related news, major shareholder Wynnefield Partners Small Cap sold 150,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $6.15, for a total value of $922,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 21.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its holdings in DLH by 12.4% during the first quarter. Renaissance Technologies LLC now owns 120,140 shares of the business services provider’s stock valued at $649,000 after purchasing an additional 13,250 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in shares of DLH by 149.2% in the third quarter. Essex Investment Management Co. LLC now owns 71,887 shares of the business services provider’s stock valued at $466,000 after buying an additional 43,043 shares in the last quarter. Commonwealth Equity Services Inc acquired a new stake in shares of DLH in the third quarter valued at $2,342,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of DLH in the third quarter valued at $121,000. Hedge funds and other institutional investors own 54.89% of the company’s stock.

Shares of DLH (DLHC) traded down $0.28 on Monday, reaching $6.32. 3,500 shares of the company’s stock were exchanged, compared to its average volume of 14,859. The firm has a market capitalization of $78.42, a PE ratio of 23.41 and a beta of 0.66. DLH has a one year low of $4.10 and a one year high of $6.83.

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DLH Company Profile

DLH Holdings Corp. provides healthcare and social services in the United States. It offers defense and veteransÂ’ 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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