Zacks Investment Research Downgrades DLH (NASDAQ:DLHC) to Hold

DLH (NASDAQ:DLHC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports.

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. “

Separately, Noble Financial reaffirmed a “buy” rating and issued a $14.00 price objective on shares of DLH in a research note on Friday, September 24th.

Shares of DLHC traded up $0.06 during trading hours on Thursday, hitting $13.45. 27,886 shares of the company were exchanged, compared to its average volume of 24,958. The firm’s fifty day moving average is $13.69 and its 200 day moving average is $12.09. The company has a market cap of $168.73 million, a price-to-earnings ratio of 21.35 and a beta of 1.05. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.83. DLH has a fifty-two week low of $9.00 and a fifty-two week high of $16.79.

Several large investors have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its holdings in shares of DLH by 43.4% in the 3rd quarter. Morgan Stanley now owns 4,064 shares of the business services provider’s stock worth $50,000 after purchasing an additional 1,230 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of DLH by 5.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 103,777 shares of the business services provider’s stock worth $1,276,000 after purchasing an additional 5,051 shares in the last quarter. Cove Street Capital LLC boosted its holdings in shares of DLH by 5.0% in the 3rd quarter. Cove Street Capital LLC now owns 793,463 shares of the business services provider’s stock worth $9,760,000 after purchasing an additional 37,430 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of DLH by 88.5% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 6,656 shares of the business services provider’s stock valued at $82,000 after acquiring an additional 3,125 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of DLH by 107.1% in the 3rd quarter. BlackRock Inc. now owns 25,929 shares of the business services provider’s stock valued at $320,000 after acquiring an additional 13,406 shares during the last quarter. Institutional investors own 64.08% of the company’s stock.

DLH Company Profile

DLH Holdings Corp. engages in the provision of technology enabled business process outsourcing program management solutions and public health research and analytics. It mainly focuses to improve and better deploy large-scale federal health and human service initiatives. The company was founded in 1969 and is headquartered in Atlanta, GA.

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