Russell Investments Group Ltd. Decreases Holdings in DLH Holdings Corp. (NASDAQ:DLHC)

Russell Investments Group Ltd. lowered its stake in DLH Holdings Corp. (NASDAQ:DLHC) by 44.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,501 shares of the business services provider’s stock after selling 41,017 shares during the period. Russell Investments Group Ltd. owned approximately 0.35% of DLH worth $406,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of DLH by 299.3% in the 3rd quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock worth $109,000 after purchasing an additional 8,782 shares during the period. JPMorgan Chase & Co. lifted its position in DLH by 643.6% in the fourth quarter. JPMorgan Chase & Co. now owns 27,386 shares of the business services provider’s stock worth $220,000 after buying an additional 23,703 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in DLH by 27.6% during the fourth quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider’s stock worth $315,000 after buying an additional 8,481 shares during the period. Albert D Mason Inc. raised its stake in shares of DLH by 10.7% in the fourth quarter. Albert D Mason Inc. now owns 103,575 shares of the business services provider’s stock valued at $832,000 after acquiring an additional 10,016 shares during the period. Finally, State Street Corp lifted its holdings in shares of DLH by 3.9% in the 3rd quarter. State Street Corp now owns 111,447 shares of the business services provider’s stock worth $1,043,000 after acquiring an additional 4,165 shares during the last quarter. 67.25% of the stock is owned by institutional investors.

DLH Trading Up 0.5 %

Shares of NASDAQ DLHC opened at $3.67 on Thursday. DLH Holdings Corp. has a fifty-two week low of $2.72 and a fifty-two week high of $12.23. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $52.80 million, a price-to-earnings ratio of 8.34 and a beta of 1.46. The business’s 50 day moving average price is $4.35 and its 200-day moving average price is $6.75.

DLH (NASDAQ:DLHC) last released its earnings results on Wednesday, February 5th. The business services provider reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. DLH had a return on equity of 5.82% and a net margin of 1.64%. On average, sell-side analysts expect that DLH Holdings Corp. will post -0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of DLH from a “buy” rating to a “hold” rating in a report on Friday, February 7th.

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).