Wealth Effects LLC Lowers Stock Holdings in DLH Holdings Corp. (NASDAQ:DLHC)

Wealth Effects LLC cut its position in DLH Holdings Corp. (NASDAQ:DLHC) by 56.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,500 shares of the business services provider’s stock after selling 16,333 shares during the quarter. Wealth Effects LLC owned 0.09% of DLH worth $117,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Rhumbline Advisers acquired a new position in DLH in the 2nd quarter valued at about $90,000. Hillsdale Investment Management Inc. purchased a new stake in DLH during the 1st quarter worth approximately $169,000. Quadrature Capital Ltd acquired a new stake in DLH during the 1st quarter worth approximately $328,000. Squarepoint Ops LLC purchased a new position in DLH in the 2nd quarter valued at approximately $367,000. Finally, Bank of New York Mellon Corp grew its stake in shares of DLH by 160.2% in the second quarter. Bank of New York Mellon Corp now owns 37,238 shares of the business services provider’s stock worth $393,000 after acquiring an additional 22,928 shares in the last quarter. Hedge funds and other institutional investors own 67.25% of the company’s stock.

DLH Stock Down 1.8 %

DLHC stock opened at $8.50 on Tuesday. DLH Holdings Corp. has a fifty-two week low of $8.45 and a fifty-two week high of $17.58. The company’s 50 day moving average price is $9.86 and its 200 day moving average price is $10.65. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $120.98 million, a price-to-earnings ratio of 40.48 and a beta of 1.14.

DLH (NASDAQ:DLHC) last issued its earnings results on Wednesday, July 31st. The business services provider reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). DLH had a return on equity of 7.03% and a net margin of 0.62%. The firm had revenue of $100.69 million for the quarter, compared to analyst estimates of $103.00 million. During the same quarter in the previous year, the firm posted $0.12 EPS. On average, equities research analysts anticipate 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).