Essex Investment Management Co. LLC Lowers Position in DLH Holdings Corp. (NASDAQ:DLHC)

Essex Investment Management Co. LLC cut its stake in DLH Holdings Corp. (NASDAQ:DLHC) by 38.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 104,336 shares of the business services provider’s stock after selling 64,165 shares during the quarter. Essex Investment Management Co. LLC’s holdings in DLH were worth $977,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in DLH by 24.4% in the second quarter. Dimensional Fund Advisors LP now owns 233,800 shares of the business services provider’s stock worth $2,469,000 after buying an additional 45,915 shares during the period. Victory Capital Management Inc. bought a new position in shares of DLH during the second quarter valued at approximately $1,013,000. Vanguard Group Inc. increased its stake in shares of DLH by 0.7% during the first quarter. Vanguard Group Inc. now owns 507,623 shares of the business services provider’s stock valued at $6,736,000 after purchasing an additional 3,627 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of DLH during the first quarter valued at approximately $328,000. Finally, Rhumbline Advisers bought a new position in shares of DLH during the second quarter valued at approximately $90,000. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

DLH Price Performance

Shares of NASDAQ DLHC opened at $8.80 on Monday. DLH Holdings Corp. has a fifty-two week low of $8.55 and a fifty-two week high of $17.58. The company has a 50 day simple moving average of $9.96 and a two-hundred day simple moving average of $10.80. The company has a market capitalization of $125.25 million, a price-to-earnings ratio of 41.90 and a beta of 1.14. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.05 and a current ratio of 1.05.

DLH (NASDAQ:DLHC) last announced its earnings results on Wednesday, July 31st. The business services provider reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). DLH had a net margin of 0.62% and a return on equity of 7.03%. The business had revenue of $100.69 million for the quarter, compared to the consensus estimate of $103.00 million. During the same period in the prior year, the business posted $0.12 EPS. Analysts expect that DLH Holdings Corp. will post 0.46 EPS for the current fiscal 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).