DLH (DLHC) Given a $8.00 Price Target by Noble Financial Analysts

Noble Financial set a $8.00 target price on DLH (NASDAQ:DLHC) in a research report sent to investors on Wednesday morning. The firm currently has a buy rating on the business services provider’s stock.

A number of other research firms have also recently weighed in on DLHC. Zacks Investment Research cut shares of DLH from a buy rating to a hold rating in a research report on Tuesday, January 16th. TheStreet cut shares of DLH from a b- rating to a c rating in a research report on Thursday, February 8th. Finally, ValuEngine upgraded shares of DLH from a hold rating to a buy rating in a research report on Friday, March 2nd. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company. DLH has a consensus rating of Buy and a consensus price target of $7.17.

DLH opened at $6.00 on Wednesday, according to Marketbeat. DLH has a 1 year low of $4.80 and a 1 year high of $6.83. The firm has a market capitalization of $72.33 million, a P/E ratio of 22.22 and a beta of 0.43.

DLH (NASDAQ:DLHC) last posted its earnings results on Wednesday, May 16th. The business services provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). The firm had revenue of $34.40 million during the quarter, compared to analyst estimates of $31.00 million. DLH had a net margin of 0.36% and a return on equity of 10.88%. research analysts anticipate that DLH will post 0.48 earnings per share for the current year.

In other news, Director William H. Alderman sold 16,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $5.81, for a total value of $92,960.00. Following the completion of the sale, the director now directly owns 92,966 shares in the company, valued at $540,132.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William H. Alderman sold 7,710 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $5.81, for a total transaction of $44,795.10. Following the completion of the sale, the director now owns 89,232 shares of the company’s stock, valued at $518,437.92. The disclosure for this sale can be found here. Insiders have sold 34,966 shares of company stock valued at $202,187 over the last 90 days. 25.90% of the stock is currently owned by company insiders.

A hedge fund recently bought a new stake in DLH stock. Dimensional Fund Advisors LP bought a new stake in DLH Holdings (NASDAQ:DLHC) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 18,697 shares of the business services provider’s stock, valued at approximately $121,000. Dimensional Fund Advisors LP owned about 0.16% of DLH as of its most recent SEC filing. Institutional investors own 55.47% of the company’s stock.

About DLH

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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