Perritt Capital Management Inc. Cuts Stock Position in DLH Holdings Corp. (NASDAQ:DLHC)

Perritt Capital Management Inc. lessened its stake in DLH Holdings Corp. (NASDAQ:DLHC) by 7.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 226,242 shares of the business services provider’s stock after selling 17,000 shares during the period. DLH accounts for approximately 2.0% of Perritt Capital Management Inc.’s investment portfolio, making the stock its 12th largest holding. Perritt Capital Management Inc. owned about 1.59% of DLH worth $3,563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DLHC. Minerva Advisors LLC grew its stake in DLH by 16.7% in the third quarter. Minerva Advisors LLC now owns 505,581 shares of the business services provider’s stock valued at $5,723,000 after purchasing an additional 72,173 shares during the last quarter. Legato Capital Management LLC grew its stake in shares of DLH by 3.2% during the fourth quarter. Legato Capital Management LLC now owns 39,164 shares of the business services provider’s stock worth $617,000 after acquiring an additional 1,203 shares during the last quarter. Finally, Wasatch Advisors LP grew its stake in shares of DLH by 9.6% during the fourth quarter. Wasatch Advisors LP now owns 548,217 shares of the business services provider’s stock worth $8,634,000 after acquiring an additional 47,866 shares during the last quarter. Hedge funds and other institutional investors own 67.25% of the company’s stock.

DLH Price Performance

Shares of DLHC stock opened at $10.99 on Friday. DLH Holdings Corp. has a fifty-two week low of $9.53 and a fifty-two week high of $17.58. The firm has a market capitalization of $156.39 million, a price-to-earnings ratio of 52.33 and a beta of 1.19. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s 50-day simple moving average is $11.24 and its 200-day simple moving average is $13.73.

DLH (NASDAQ:DLHC) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). DLH had a return on equity of 7.66% and a net margin of 0.76%. The business had revenue of $101.01 million for the quarter, compared to analysts’ expectations of $99.00 million. During the same quarter in the previous year, the firm posted $0.06 EPS. As a group, equities analysts forecast that DLH Holdings Corp. will post 0.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered DLH from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 4th.

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).