Cerity Partners LLC Sells 50,151 Shares of DLH Holdings Corp. (NASDAQ:DLHC)

Cerity Partners LLC cut its stake in DLH Holdings Corp. (NASDAQ:DLHC) by 49.5% in the third quarter, Holdings Channel.com reports. The firm owned 51,163 shares of the business services provider’s stock after selling 50,151 shares during the quarter. Cerity Partners LLC’s holdings in DLH were worth $479,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers bought a new position in DLH in the second quarter valued at $90,000. Squarepoint Ops LLC acquired a new position in shares of DLH during the 2nd quarter worth about $367,000. Bank of New York Mellon Corp grew its holdings in shares of DLH by 160.2% in 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. Legato Capital Management LLC increased its position in shares of DLH by 48.0% in the second 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 during the last quarter. Finally, Albert D Mason Inc. raised its holdings in DLH by 1.5% during the third quarter. Albert D Mason Inc. now owns 93,559 shares of the business services provider’s stock worth $876,000 after acquiring an additional 1,403 shares in the last quarter. Institutional investors own 67.25% of the company’s stock.

DLH Stock Performance

Shares of NASDAQ DLHC opened at $8.08 on Monday. The stock has a market capitalization of $116.24 million, a PE ratio of 15.84 and a beta of 1.16. DLH Holdings Corp. has a 52 week low of $7.94 and a 52 week high of $17.58. The stock has a 50 day moving average price of $8.62 and a 200 day moving average price of $9.97. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.05 and a current ratio of 1.05.

About DLH

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).