Barclays PLC Boosts Stock Position in DLH Holdings Corp. (NASDAQ:DLHC)

Barclays PLC lifted its stake in shares of DLH Holdings Corp. (NASDAQ:DLHC) by 299.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,716 shares of the business services provider’s stock after buying an additional 8,782 shares during the quarter. Barclays PLC owned approximately 0.08% of DLH worth $109,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Albert D Mason Inc. lifted its stake in DLH by 1.5% during the third quarter. Albert D Mason Inc. now owns 93,559 shares of the business services provider’s stock worth $876,000 after purchasing an additional 1,403 shares during the last quarter. State Street Corp raised its holdings in shares of DLH by 3.9% during the third quarter. State Street Corp now owns 111,447 shares of the business services provider’s stock worth $1,043,000 after purchasing an additional 4,165 shares during the period. Rhumbline Advisers acquired a new position in shares of DLH in the 2nd quarter valued at about $90,000. BNP Paribas Financial Markets grew its position 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 last quarter. Finally, Bank of New York Mellon Corp raised its stake in DLH by 160.2% during the second quarter. Bank of New York Mellon Corp now owns 37,238 shares of the business services provider’s stock worth $393,000 after acquiring an additional 22,928 shares during the period. Institutional investors own 67.25% of the company’s stock.

DLH Price Performance

NASDAQ DLHC opened at $7.95 on Friday. The company has a 50-day moving average price of $8.00 and a two-hundred day moving average price of $9.22. The stock has a market cap of $114.40 million, a price-to-earnings ratio of 15.59 and a beta of 1.18. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.25. DLH Holdings Corp. has a 52 week low of $7.34 and a 52 week high of $17.58.

DLH (NASDAQ:DLHC) last posted its earnings results on Wednesday, December 4th. The business services provider reported $0.16 EPS for the quarter. DLH had a return on equity of 6.88% and a net margin of 1.87%. Analysts forecast that DLH Holdings Corp. will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded DLH from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th.

Insider Activity at DLH

In related news, CFO Kathryn M. Johnbull bought 10,000 shares of the stock in a transaction on Tuesday, December 17th. The shares were purchased at an average price of $7.76 per share, with a total value of $77,600.00. Following the purchase, the chief financial officer now owns 528,687 shares in the company, valued at approximately $4,102,611.12. This represents a 1.93 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 21.60% of the company’s stock.

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).