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

Bank of New York Mellon Corp grew its position in DLH Holdings Corp. (NASDAQ:DLHC) by 27.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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’s holdings in DLH were worth $315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its holdings in DLH by 299.3% in the 3rd quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock worth $109,000 after buying an additional 8,782 shares during the period. BNP Paribas Financial Markets lifted its position in shares of DLH by 654.8% in the third quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider’s stock valued at $139,000 after acquiring an additional 12,906 shares in the last quarter. Albert D Mason Inc. boosted its stake in shares of DLH by 10.7% in the fourth quarter. Albert D Mason Inc. now owns 103,575 shares of the business services provider’s stock worth $832,000 after acquiring an additional 10,016 shares during the period. State Street Corp grew its position 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 in the last quarter. Finally, Minerva Advisors LLC raised its stake in DLH by 33.2% during the 4th quarter. Minerva Advisors LLC now owns 847,592 shares of the business services provider’s stock valued at $6,806,000 after purchasing an additional 211,215 shares during the period. 67.25% of the stock is currently owned by institutional investors.

DLH Stock Performance

DLHC opened at $4.20 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $60.42 million, a price-to-earnings ratio of 9.55 and a beta of 1.40. The company has a fifty day moving average of $5.83 and a 200 day moving average of $7.59. DLH Holdings Corp. has a fifty-two week low of $4.20 and a fifty-two week high of $13.64.

DLH (NASDAQ:DLHC) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. DLH had a return on equity of 5.82% and a net margin of 1.64%. As a group, sell-side analysts forecast that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded DLH from a “buy” rating to a “hold” rating in a research note on Friday, February 7th.

DLH Company 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).