Commonwealth Equity Services LLC Reduces Position in DLH Holdings Corp (DLHC)

Commonwealth Equity Services LLC lowered its stake in DLH Holdings Corp (NASDAQ:DLHC) by 6.1% during the 2nd quarter, Holdings Channel reports. The firm owned 339,577 shares of the business services provider’s stock after selling 22,000 shares during the period. Commonwealth Equity Services LLC’s holdings in DLH were worth $1,861,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of DLH by 38.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 41,093 shares of the business services provider’s stock worth $240,000 after acquiring an additional 11,459 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of DLH by 8.9% during the 4th quarter. Renaissance Technologies LLC now owns 161,290 shares of the business services provider’s stock worth $994,000 after acquiring an additional 13,200 shares during the last quarter. Finally, Polar Asset Management Partners Inc. boosted its stake in shares of DLH by 71.8% during the 1st quarter. Polar Asset Management Partners Inc. now owns 731,393 shares of the business services provider’s stock worth $4,271,000 after acquiring an additional 305,645 shares during the last quarter. Institutional investors own 56.19% of the company’s stock.

Shares of DLH stock opened at $5.46 on Friday. The firm has a market cap of $63.66 million, a PE ratio of 20.22 and a beta of 0.36. DLH Holdings Corp has a 1-year low of $5.00 and a 1-year high of $6.83.

DLH (NASDAQ:DLHC) last released its earnings results on Monday, August 6th. The business services provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. DLH had a net margin of 0.85% and a return on equity of 12.54%. The company had revenue of $36.13 million for the quarter, compared to analysts’ expectations of $32.00 million. equities research analysts forecast that DLH Holdings Corp will post 0.09 earnings per share for the current fiscal year.

In related news, Director William H. Alderman sold 18,890 shares of DLH stock in a transaction on Monday, June 4th. The shares were sold at an average price of $5.35, for a total transaction of $101,061.50. Following the transaction, the director now owns 38,036 shares in the company, valued at approximately $203,492.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William H. Alderman sold 16,408 shares of DLH stock in a transaction on Thursday, May 31st. The shares were sold at an average price of $5.50, for a total transaction of $90,244.00. Following the transaction, the director now owns 58,592 shares in the company, valued at approximately $322,256. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,298 shares of company stock worth $260,856. 25.90% of the stock is owned by corporate insiders.

Several brokerages have recently weighed in on DLHC. Zacks Investment Research cut shares of DLH from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Noble Financial set a $8.00 price target on shares of DLH and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Finally, ValuEngine cut shares of DLH from a “buy” rating to a “hold” rating in a research note on Tuesday, May 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. DLH currently has an average rating of “Hold” and an average price target of $7.17.

DLH Profile

DLH Holdings Corp. provides healthcare and social services in the United States. It offers defense and veterans' health solutions, including case management, physical and behavioral health examinations, and medical administration and logistics services. The company also provides a range of human services and solutions, which consists of educational and environmental support services for the underserved children and youth comprising health, nutritional, parental, and behavioral services; and IT system architecture design, migration plan, and ongoing maintenance services.

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Institutional Ownership by Quarter for DLH (NASDAQ:DLHC)

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