Victory Capital Management Inc. Buys New Stake in DLH Holdings Corp. (NASDAQ:DLHC)

Victory Capital Management Inc. purchased a new position in shares of DLH Holdings Corp. (NASDAQ:DLHC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 95,935 shares of the business services provider’s stock, valued at approximately $1,013,000. Victory Capital Management Inc. owned about 0.68% of DLH at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Rhumbline Advisers purchased a new stake in DLH during the second quarter worth approximately $90,000. Hillsdale Investment Management Inc. acquired a new stake in DLH during the first quarter worth approximately $169,000. Quadrature Capital Ltd acquired a new stake in DLH during the first quarter worth approximately $328,000. Bank of New York Mellon Corp lifted its position in shares of DLH by 160.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 37,238 shares of the business services provider’s stock worth $393,000 after buying an additional 22,928 shares during the last quarter. Finally, Legato Capital Management LLC boosted its holdings in shares of DLH by 48.0% in the 2nd quarter. Legato Capital Management LLC now owns 57,973 shares of the business services provider’s stock valued at $612,000 after buying an additional 18,809 shares in the last quarter. 67.25% of the stock is owned by institutional investors and hedge funds.

DLH Price Performance

Shares of NASDAQ:DLHC opened at $9.78 on Friday. DLH Holdings Corp. has a 12 month low of $9.55 and a 12 month high of $17.58. The firm has a market capitalization of $139.20 million, a P/E ratio of 46.57 and a beta of 1.15. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.05 and a quick ratio of 1.05. The company’s fifty day moving average price is $10.64 and its 200 day moving average price is $11.42.

DLH (NASDAQ:DLHC) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06). DLH had a return on equity of 7.03% and a net margin of 0.62%. The firm had revenue of $100.69 million for the quarter, compared to analysts’ expectations of $103.00 million. During the same period in the previous year, the business posted $0.12 EPS. As a group, sell-side analysts predict 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).