Oppenheimer Asset Management Inc. Trims Stock Holdings in DLH Holdings Corp. (NASDAQ:DLHC)

Oppenheimer Asset Management Inc. lessened its position in shares of DLH Holdings Corp. (NASDAQ:DLHC) by 22.8% during the 2nd quarter, Holdings Channel reports. The firm owned 15,783 shares of the business services provider’s stock after selling 4,663 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in DLH were worth $167,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of DLHC. Victory Capital Management Inc. acquired a new stake in shares of DLH during the second quarter worth about $1,013,000. Wasatch Advisors LP raised its position in DLH by 9.6% during the 4th quarter. Wasatch Advisors LP now owns 548,217 shares of the business services provider’s stock worth $8,634,000 after buying an additional 47,866 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in DLH during the 1st quarter valued at approximately $328,000. Bank of New York Mellon Corp boosted 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 during the last quarter. Finally, Legato Capital Management LLC increased its stake 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 worth $612,000 after acquiring an additional 18,809 shares during the period. 67.25% of the stock is owned by institutional investors and hedge funds.

DLH Trading Down 1.8 %

Shares of DLH stock opened at $9.78 on Monday. DLH Holdings Corp. has a 1 year low of $9.55 and a 1 year high of $17.58. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $139.20 million, a PE ratio of 46.57 and a beta of 1.15. The firm has a fifty day moving average price of $10.62 and a 200 day moving average price of $11.33.

DLH (NASDAQ:DLHC) last issued its quarterly earnings data 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). The company had revenue of $100.69 million during the quarter, compared to analyst estimates of $103.00 million. DLH had a net margin of 0.62% and a return on equity of 7.03%. During the same period last year, the firm earned $0.12 EPS. Equities research analysts predict that DLH Holdings Corp. will post 0.46 earnings per share for the current 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).