Bank of New York Mellon Corp Acquires 8,481 Shares of DLH Holdings Corp. (NASDAQ:DLHC)

Bank of New York Mellon Corp increased its holdings in shares of DLH Holdings Corp. (NASDAQ:DLHC) by 27.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,263 shares of the business services provider’s stock after purchasing an additional 8,481 shares during the quarter. Bank of New York Mellon Corp owned 0.27% of DLH worth $315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Barclays PLC boosted its holdings in DLH by 299.3% in the third 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 last quarter. BNP Paribas Financial Markets lifted its holdings in shares of DLH by 654.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider’s stock valued at $139,000 after buying an additional 12,906 shares during the period. Albert D Mason Inc. boosted its stake in shares of DLH by 10.7% in the 4th quarter. Albert D Mason Inc. now owns 103,575 shares of the business services provider’s stock worth $832,000 after buying an additional 10,016 shares during the last quarter. State Street Corp grew its holdings in shares of DLH by 3.9% in the third 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 period. Finally, Minerva Advisors LLC increased its position in DLH by 33.2% during the fourth quarter. Minerva Advisors LLC now owns 847,592 shares of the business services provider’s stock valued at $6,806,000 after acquiring an additional 211,215 shares during the last quarter. 67.25% of the stock is owned by hedge funds and other institutional investors.

DLH Stock Performance

DLHC opened at $4.20 on Friday. DLH Holdings Corp. has a 12-month low of $4.20 and a 12-month high of $13.64. The company has a market cap of $60.42 million, a price-to-earnings ratio of 9.55 and a beta of 1.40. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.21. The company’s 50 day moving average is $5.83 and its 200 day moving average is $7.59.

DLH (NASDAQ:DLHC) last issued its quarterly 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 net margin of 1.64% and a return on equity of 5.82%. On average, equities research analysts predict that DLH Holdings Corp. will post -0.13 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut DLH from a “buy” rating to a “hold” rating in a research 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).