Renaissance Technologies LLC Has $2.91 Million Stake in DLH Holdings Corp. (NASDAQ:DLHC)

Renaissance Technologies LLC reduced its position in DLH Holdings Corp. (NASDAQ:DLHC) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 275,168 shares of the business services provider’s stock after selling 5,000 shares during the period. Renaissance Technologies LLC’s holdings in DLH were worth $2,906,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Rhumbline Advisers bought a new position in shares of DLH in the 2nd quarter worth $90,000. Hillsdale Investment Management Inc. bought a new position in DLH during the 1st quarter valued at $169,000. Quadrature Capital Ltd bought a new position in DLH during the 1st quarter valued at $328,000. Bank of New York Mellon Corp lifted its stake in DLH by 160.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 37,238 shares of the business services provider’s stock valued at $393,000 after acquiring an additional 22,928 shares in the last quarter. Finally, Legato Capital Management LLC lifted its stake in DLH by 48.0% during the 2nd quarter. Legato Capital Management LLC now owns 57,973 shares of the business services provider’s stock valued at $612,000 after acquiring an additional 18,809 shares in the last quarter. 67.25% of the stock is currently owned by institutional investors.

DLH Price Performance

Shares of NASDAQ:DLHC opened at $9.36 on Tuesday. DLH Holdings Corp. has a 1-year low of $9.24 and a 1-year high of $17.58. The stock has a market cap of $133.22 million, a PE ratio of 44.57 and a beta of 1.15. The stock’s fifty day simple moving average is $10.39 and its two-hundred day simple moving average is $11.14. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.32.

DLH (NASDAQ:DLHC) last announced its earnings results on Wednesday, July 31st. The business services provider reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). DLH had a net margin of 0.62% and a return on equity of 7.03%. The business had revenue of $100.69 million for the quarter, compared to analysts’ expectations of $103.00 million. During the same period in the prior year, the business earned $0.12 earnings per share. As a group, analysts forecast that DLH Holdings Corp. will post 0.46 EPS for the current fiscal year.

DLH Profile

DLH Holdings Corp. provides technology-enabled business process outsourcing, program management solutions, and public health research and analytics services in the United States. It offers digital transformation and cyber security solutions, including artificial intelligence and machine learning, cloud enablement, cybersecurity ecosystem, big data analytics, and modeling and simulation to the National Institutes of Health (NIH), the Defense Health Agency, Tele-medicine and Advanced Technology Research Center, and US Navy Naval Information Warfare Center (NIWC).