Oppenheimer Asset Management Inc. Sells 4,663 Shares of DLH Holdings Corp. (NASDAQ:DLHC)

Oppenheimer Asset Management Inc. cut its holdings in shares of DLH Holdings Corp. (NASDAQ:DLHC) by 22.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,783 shares of the business services provider’s stock after selling 4,663 shares during the period. Oppenheimer Asset Management Inc. owned 0.11% of DLH worth $167,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. bought a new stake in DLH during the 2nd quarter valued at $1,013,000. Wasatch Advisors LP boosted its position in DLH by 9.6% during the fourth quarter. Wasatch Advisors LP now owns 548,217 shares of the business services provider’s stock valued at $8,634,000 after purchasing an additional 47,866 shares in the last quarter. Quadrature Capital Ltd bought a new stake in DLH during the first quarter valued at about $328,000. Bank of New York Mellon Corp grew its stake in DLH by 160.2% in the second quarter. Bank of New York Mellon Corp now owns 37,238 shares of the business services provider’s stock valued at $393,000 after purchasing an additional 22,928 shares during the last quarter. Finally, Legato Capital Management LLC raised its holdings in 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 purchasing an additional 18,809 shares in the last quarter. 67.25% of the stock is owned by hedge funds and other institutional investors.

DLH Stock Down 1.8 %

NASDAQ:DLHC opened at $9.78 on Monday. The company’s 50-day simple moving average is $10.62 and its 200-day simple moving average is $11.33. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.05 and a current ratio of 1.05. DLH Holdings Corp. has a fifty-two week low of $9.55 and a fifty-two week high of $17.58. The stock has a market capitalization of $139.20 million, a P/E ratio of 46.57 and a beta of 1.15.

DLH (NASDAQ:DLHC) last announced its earnings results on Wednesday, July 31st. The business services provider reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.06). DLH had a net margin of 0.62% and a return on equity of 7.03%. The firm had revenue of $100.69 million during the quarter, compared to analyst estimates of $103.00 million. During the same quarter last year, the business earned $0.12 earnings per share. On average, equities analysts anticipate that DLH Holdings Corp. will post 0.46 earnings per share for the current fiscal 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).