Minerva Advisors LLC Has $4.13 Million Position in DLH Holdings Corp. (NASDAQ:DLHC)

Key Points

• Minerva Advisors LLC increased its stake in DLH Holdings Corp. by 20.2% in Q1, owning over 1 million shares worth approximately $4.1 million.
• Multiple institutional investors, including JPMorgan Chase & Co. and Bank of America, significantly boosted their holdings in DLH during the fourth quarter.
• Shares of DLH recently opened at $5.52, with a market cap of $79.43 million, and the company reported a quarterly EPS of $0.06, missing expectations by $0.01.

Minerva Advisors LLC increased its holdings in DLH Holdings Corp. (NASDAQ:DLHC - Free Report) by 20.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,018,397 shares of the business services provider's stock after purchasing an additional 170,805 shares during the quarter. DLH accounts for about 2.5% of Minerva Advisors LLC's holdings, making the stock its 12th largest holding. Minerva Advisors LLC owned 7.08% of DLH worth $4,125,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of DLHC. Bank of America Corp DE boosted its stake 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 worth $62,000 after buying an additional 1,855 shares during the last quarter. Wealthedge Investment Advisors LLC acquired a new stake in shares of DLH during the fourth quarter worth $114,000. Corton Capital Inc. acquired a new position in DLH during the first quarter valued at $71,000. JPMorgan Chase & Co. boosted its stake in shares of DLH by 643.6% during the 4th quarter. JPMorgan Chase & Co. now owns 27,386 shares of the business services provider's stock worth $220,000 after acquiring an additional 23,703 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in 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 acquiring an additional 52,864 shares in the last quarter. Hedge funds and other institutional investors own 67.25% of the company's stock.

Insider Activity at DLH

In other news, major shareholder Mink Brook Asset Management Ll purchased 4,687 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average price of $5.50 per share, for a total transaction of $25,778.50. Following the completion of the purchase, the insider directly owned 1,693,815 shares of the company's stock, valued at $9,315,982.50. The trade was a 0.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought 293,036 shares of company stock valued at $1,551,033 in the last ninety days. 15.30% of the stock is owned by corporate insiders.

DLH Stock Up 1.9%

NASDAQ DLHC traded up $0.10 during trading hours on Thursday, hitting $5.66. The company's stock had a trading volume of 9,883 shares, compared to its average volume of 56,711. The company's 50-day simple moving average is $5.58 and its two-hundred day simple moving average is $5.17. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15. DLH Holdings Corp. has a 52 week low of $2.72 and a 52 week high of $11.42. The company has a market capitalization of $81.48 million, a PE ratio of 14.90 and a beta of 1.25.

DLH (NASDAQ:DLHC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The business services provider reported $0.02 EPS for the quarter, meeting analysts' consensus estimates of $0.02. The firm had revenue of $83.34 million for the quarter, compared to analysts' expectations of $83.00 million. DLH had a net margin of 1.44% and a return on equity of 4.90%. Research analysts anticipate that DLH Holdings Corp. will post -0.13 EPS for the current fiscal year.

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.

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).