Punch & Associates Investment Management Inc. Decreases Stock Holdings in DLH Holdings Corp. $DLHC

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 stake in DLH Holdings Corp. (NASDAQ:DLHC - Free Report) by 49.6% in the 1st quarter, according to its most recent filing with the SEC. The fund 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 about 1.98% of DLH worth $1,151,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of DLH from a "buy" rating to a "hold" rating in a research report on Saturday, May 17th.

Insider Activity

In other news, major shareholder Mink Brook Asset Management Ll acquired 18,016 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was acquired at an average cost of $5.50 per share, with a total value of $99,088.00. Following the transaction, the insider owned 1,837,377 shares in the company, valued at approximately $10,105,573.50. This trade represents a 0.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have acquired 146,119 shares of company stock worth $801,642. 15.30% of the stock is currently owned by insiders.

DLH Stock Up 1.0%

DLHC stock traded up $0.05 during midday trading on Friday, hitting $5.55. The company's stock had a trading volume of 5,786 shares, compared to its average volume of 52,534. 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 $10.47. The firm has a market capitalization of $79.91 million, a P/E ratio of 17.27 and a beta of 1.38. The firm has a 50-day simple moving average of $5.64 and a 200-day simple moving average of $4.96.

DLH (NASDAQ:DLHC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The business services provider reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $83.34 million during the quarter, compared to analysts' expectations of $83.00 million. DLH had a net margin of 1.27% and a return on equity of 4.08%. As a group, equities analysts forecast that DLH Holdings Corp. will post -0.13 EPS for the current year.

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).