DLH Holdings Corp. $DLHC Shares Sold by Punch & Associates Investment Management Inc.

Key Points

• Punch & Associates Investment Management Inc. reduced its holdings in DLH Holdings Corp. by 49.6%, now owning 284,289 shares, valued at $1.15 million.
• Major shareholder Mink Brook Asset Management increased its position by 2.95% after purchasing 47,882 shares at an average price of $5.50.
• DLH was downgraded from a "buy" rating to a "hold" rating by Wall Street Zen on May 17th.

Punch & Associates Investment Management Inc. lessened its holdings in shares of DLH Holdings Corp. (NASDAQ:DLHC - Free Report) by 49.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 284,289 shares of the business services provider's stock after selling 279,363 shares during the period. Punch & Associates Investment Management Inc. owned 1.98% of DLH worth $1,151,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bard Associates Inc. acquired a new stake in shares of DLH during the 1st quarter worth about $43,000. Nuveen LLC acquired a new stake in shares of DLH during the 1st quarter worth about $44,000. Bank of America Corp DE raised its position in shares of DLH by 31.9% during the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider's stock worth $62,000 after acquiring an additional 1,855 shares in the last quarter. Corton Capital Inc. purchased a new position in DLH during the 1st quarter worth approximately $71,000. Finally, Wealthedge Investment Advisors LLC purchased a new position in DLH during the 4th quarter worth approximately $114,000. Institutional investors and hedge funds own 67.25% of the company's stock.

Insider Buying and Selling at DLH

In related news, major shareholder Mink Brook Asset Management Ll bought 47,882 shares of the stock in a transaction on Friday, June 27th. The shares were bought at an average cost of $5.50 per share, for a total transaction of $263,351.00. Following the purchase, the insider owned 1,672,443 shares of the company's stock, valued at $9,198,436.50. This trade represents a 2.95% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders purchased 219,066 shares of company stock valued at $1,199,929. Company insiders own 15.30% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded DLH from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th.

DLH Trading Down 1.8%

NASDAQ:DLHC opened at $5.85 on Friday. The stock's 50 day moving average price is $5.66 and its 200 day moving average price is $4.95. The company has a market capitalization of $84.18 million, a PE ratio of 18.28 and a beta of 1.38. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. DLH Holdings Corp. has a 52-week low of $2.72 and a 52-week high of $10.59.

DLH (NASDAQ:DLHC - Get Free Report) last announced its earnings results on Wednesday, August 6th. The business services provider reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. DLH had a return on equity of 4.08% and a net margin of 1.27%.The company had revenue of $83.34 million for the quarter, compared to the consensus estimate of $83.00 million. On average, research analysts anticipate that DLH Holdings Corp. will post -0.13 EPS for the current year.

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).

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