Millennium Management LLC Acquires 52,864 Shares of DLH Holdings Corp. (NASDAQ:DLHC)

Millennium Management LLC grew its position in DLH Holdings Corp. (NASDAQ:DLHC) by 313.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,733 shares of the business services provider’s stock after purchasing an additional 52,864 shares during the quarter. Millennium Management LLC owned approximately 0.48% of DLH worth $560,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bank of America Corp DE grew its stake in shares of DLH by 31.9% in the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock worth $62,000 after acquiring an additional 1,855 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of DLH by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 268,930 shares of the business services provider’s stock worth $2,159,000 after acquiring an additional 10,921 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of DLH by 2.7% in the fourth quarter. Renaissance Technologies LLC now owns 270,068 shares of the business services provider’s stock worth $2,169,000 after acquiring an additional 7,000 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 acquiring an additional 23,703 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of DLH by 27.6% in 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 acquiring an additional 8,481 shares during the last quarter. Institutional investors own 67.25% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of DLH from a “buy” rating to a “hold” rating in a research note on Saturday, May 17th.

Insider Buying and Selling

In other news, major shareholder Mink Brook Asset Management Ll acquired 12,054 shares of the company’s stock in a transaction on Monday, April 28th. The stock was purchased at an average cost of $3.55 per share, with a total value of $42,791.70. Following the acquisition, the insider now owns 1,325,389 shares of the company’s stock, valued at $4,705,130.95. This trade represents a 0.92% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have purchased a total of 121,087 shares of company stock worth $534,642 in the last 90 days. Corporate insiders own 15.30% of the company’s stock.

DLH Stock Up 7.2%

DLHC opened at $5.50 on Monday. DLH Holdings Corp. has a fifty-two week low of $2.72 and a fifty-two week high of $12.12. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.04 and a quick ratio of 1.04. The firm’s fifty day moving average price is $4.17 and its two-hundred day moving average price is $5.83. The company has a market capitalization of $79.12 million, a P/E ratio of 12.50 and a beta of 1.33.

DLH (NASDAQ:DLHC) last posted its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). DLH had a return on equity of 5.82% and a net margin of 1.64%. The business had revenue of $89.21 million for the quarter, compared to analyst estimates of $90.00 million. On average, analysts anticipate that DLH Holdings Corp. will post -0.13 EPS for the current year.

DLH Company 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).