DLH Holdings Corp. (NASDAQ:DLHC) Shares Purchased by Minerva Advisors LLC

Key Points

• Minerva Advisors LLC increased its position in DLH Holdings Corp. by 20.2%, acquiring an additional 170,805 shares to hold a total of 1,018,397 shares.
• Various institutional investors, including JPMorgan Chase & Co., significantly raised their stakes in DLH, with JPMorgan increasing its ownership by 643.6% during the fourth quarter.
• DLH reported a quarterly EPS of $0.06, missing expectations by $0.01, with revenues of $89.21 million, slightly below the consensus estimate of $90 million.

Minerva Advisors LLC grew its holdings in DLH Holdings Corp. (NASDAQ:DLHC - Free Report) by 20.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,018,397 shares of the business services provider's stock after purchasing an additional 170,805 shares during the quarter. DLH comprises about 2.6% of Minerva Advisors LLC's investment portfolio, making the stock its 11th largest position. Minerva Advisors LLC owned 7.08% of DLH worth $4,125,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in DLH by 643.6% in the fourth quarter. JPMorgan Chase & Co. now owns 27,386 shares of the business services provider's stock valued at $220,000 after purchasing an additional 23,703 shares in the last quarter. Renaissance Technologies LLC increased its stake in DLH by 2.7% during the 4th quarter. Renaissance Technologies LLC now owns 270,068 shares of the business services provider's stock worth $2,169,000 after acquiring an additional 7,000 shares during the period. Dimensional Fund Advisors LP increased its stake in DLH by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 268,930 shares of the business services provider's stock worth $2,159,000 after acquiring an additional 10,921 shares during the period. Bank of America Corp DE increased its stake in shares of 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. Finally, Millennium Management LLC increased its stake in shares of DLH by 313.4% in the 4th quarter. Millennium Management LLC now owns 69,733 shares of the business services provider's stock valued at $560,000 after purchasing an additional 52,864 shares during the last quarter. Institutional investors and hedge funds own 67.25% of the company's stock.

DLH Stock Up 0.6%

Shares of DLHC stock traded up $0.03 during trading hours on Monday, reaching $5.55. The company had a trading volume of 847 shares, compared to its average volume of 57,318. The business has a fifty day simple moving average of $5.55 and a 200-day simple moving average of $5.19. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.10 and a quick ratio of 1.10. DLH Holdings Corp. has a 12 month low of $2.72 and a 12 month high of $11.42. The company has a market cap of $79.86 million, a price-to-earnings ratio of 14.61 and a beta of 1.25.

DLH (NASDAQ:DLHC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). DLH had a net margin of 1.44% and a return on equity of 4.90%. The company had revenue of $89.21 million for the quarter, compared to the consensus estimate of $90.00 million. On average, research analysts expect that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Insider Buying and Selling at DLH

In other DLH news, major shareholder Mink Brook Asset Management Ll acquired 4,843 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The shares were acquired at an average price of $5.50 per share, with a total value of $26,636.50. Following the completion of the purchase, the insider directly owned 1,689,128 shares of the company's stock, valued at approximately $9,290,204. The trade was a 0.29% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have bought 294,954 shares of company stock worth $1,549,855. Insiders own 15.30% of the company's stock.

Analyst Ratings Changes

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

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).