Russell Investments Group Ltd. Purchases 9,828 Shares of DLH Holdings Corp. $DLHC

Russell Investments Group Ltd. grew its position in DLH Holdings Corp. (NASDAQ:DLHC) by 19.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,329 shares of the business services provider’s stock after acquiring an additional 9,828 shares during the period. Russell Investments Group Ltd. owned about 0.42% of DLH worth $244,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Mink Brook Asset Management LLC bought a new position in shares of DLH in the 4th quarter valued at about $10,991,000. Minerva Advisors LLC grew its position in shares of DLH by 20.2% in the 1st quarter. Minerva Advisors LLC now owns 1,018,397 shares of the business services provider’s stock valued at $4,125,000 after acquiring an additional 170,805 shares during the period. Dimensional Fund Advisors LP grew its position in shares of DLH by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 268,930 shares of the business services provider’s stock valued at $2,159,000 after acquiring an additional 10,921 shares during the period. Millennium Management LLC grew its position in shares of DLH by 313.4% in the 4th quarter. Millennium Management LLC now owns 69,733 shares of the business services provider’s stock valued at $560,000 after acquiring an additional 52,864 shares during the period. Finally, Corton Capital Inc. bought a new position in shares of DLH in the 1st quarter valued at about $71,000. Institutional investors own 67.25% of the company’s stock.

DLH Stock Performance

Shares of DLHC stock opened at $5.58 on Tuesday. The company has a market capitalization of $80.30 million, a price-to-earnings ratio of 17.44 and a beta of 1.38. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. The company has a 50-day simple moving average of $5.63 and a 200 day simple moving average of $4.94. DLH Holdings Corp. has a 52 week low of $2.72 and a 52 week high of $11.16.

DLH (NASDAQ:DLHC) last posted its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $83.34 million during the quarter, compared to the consensus estimate of $83.00 million. DLH had a net margin of 1.27% and a return on equity of 4.08%. On average, sell-side analysts predict that DLH Holdings Corp. will post -0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Transactions at DLH

In other DLH news, major shareholder Mink Brook Asset Management Ll acquired 18,016 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was purchased at an average price of $5.50 per share, with a total value of $99,088.00. Following the acquisition, the insider directly owned 1,837,377 shares of the company’s stock, valued at approximately $10,105,573.50. This trade represents a 0.99% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have bought 236,386 shares of company stock valued at $1,294,542. Insiders own 15.30% of the company’s stock.

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).