DLH Holdings Corp (DLHC) Major Shareholder Sells $312,281.48 in Stock

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DLH Holdings Corp (NASDAQ:DLHC) major shareholder Wynnefield Partners Small Cap sold 51,874 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $6.02, for a total value of $312,281.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Wynnefield Partners Small Cap also recently made the following trade(s):

  • On Friday, March 8th, Wynnefield Partners Small Cap sold 10,833 shares of DLH stock. The stock was sold at an average price of $6.10, for a total value of $66,081.30.
  • On Tuesday, March 5th, Wynnefield Partners Small Cap sold 25,000 shares of DLH stock. The stock was sold at an average price of $6.30, for a total value of $157,500.00.
  • On Monday, February 25th, Wynnefield Partners Small Cap sold 8,286 shares of DLH stock. The stock was sold at an average price of $6.30, for a total value of $52,201.80.

Shares of DLHC opened at $6.02 on Friday. The company has a market cap of $72.72 million, a P/E ratio of 15.05 and a beta of 0.73. DLH Holdings Corp has a 12 month low of $4.16 and a 12 month high of $6.55.

DLH (NASDAQ:DLHC) last issued its quarterly earnings results on Thursday, February 14th. The business services provider reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.06. DLH had a return on equity of 16.58% and a net margin of 4.66%. The company had revenue of $33.75 million during the quarter, compared to the consensus estimate of $32.50 million. As a group, research analysts anticipate that DLH Holdings Corp will post 0.56 EPS for the current fiscal year.

A hedge fund recently raised its stake in DLH stock. Vanguard Group Inc boosted its position in DLH Holdings Corp (NASDAQ:DLHC) by 9.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,500 shares of the business services provider’s stock after buying an additional 6,766 shares during the quarter. Vanguard Group Inc owned approximately 0.68% of DLH worth $464,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 57.25% of the stock is owned by institutional investors.

Several brokerages have recently commented on DLHC. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Noble Financial reaffirmed a “buy” rating and set a $8.25 price target on shares of DLH in a research report on Sunday, February 17th.

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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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