North Star Investment Management Corp. Purchases New Holdings in DLH Holdings Corp. $DLHC

North Star Investment Management Corp. acquired a new position in DLH Holdings Corp. (NASDAQ:DLHC) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 135,000 shares of the business services provider’s stock, valued at approximately $786,000.

Other institutional investors have also recently bought and sold shares of the company. Mink Brook Asset Management LLC increased its position in shares of DLH by 8.4% during the 3rd quarter. Mink Brook Asset Management LLC now owns 2,566,349 shares of the business services provider’s stock valued at $14,500,000 after purchasing an additional 199,584 shares during the last quarter. Rothschild Wealth LLC purchased a new position in shares of DLH in the 4th quarter worth about $928,000. Strs Ohio purchased a new position in shares of DLH in the 1st quarter worth about $185,000. Sandia Investment Management LP bought a new position in shares of DLH during the 4th quarter valued at approximately $197,000. Finally, State Street Corp increased its stake in shares of DLH by 28.7% during the 4th quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock worth $337,000 after purchasing an additional 13,300 shares during the last quarter. Institutional investors own 67.25% of the company’s stock.

Insider Buying and Selling

In other DLH news, major shareholder Mink Brook Asset Management Ll acquired 68,547 shares of DLH stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $377,008.50. Following the purchase, the insider owned 2,051,938 shares of the company’s stock, valued at approximately $11,285,659. This represents a 3.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have purchased 131,645 shares of company stock valued at $720,686. 12.80% of the stock is currently owned by company insiders.

DLH Price Performance

Shares of NASDAQ:DLHC opened at $5.30 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $76.80 million, a PE ratio of -17.67 and a beta of 1.45. DLH Holdings Corp. has a twelve month low of $5.12 and a twelve month high of $8.10. The company has a 50-day moving average price of $5.63 and a two-hundred day moving average price of $5.72.

DLH (NASDAQ:DLHC) last posted its earnings results on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The business had revenue of $59.27 million during the quarter, compared to analysts’ expectations of $58.00 million. DLH had a negative return on equity of 4.00% and a negative net margin of 1.53%. Equities analysts forecast that DLH Holdings Corp. will post -0.59 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on DLHC. Zacks Research upgraded DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a research report on Monday, April 20th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

About DLH

DLH Holdings Corp. (NASDAQ: DLHC) is a provider of mission-driven professional services primarily to federal government agencies and select commercial clients. The company designs and delivers tailored solutions across a range of critical mission areas, including program and project management, consulting, technical assistance, and administrative support. Through its Healthcare Solutions offerings, DLH also specializes in supporting clinical and allied health staffing needs for federal health agencies and health systems.

Operating under its Federal Solutions segment, DLH partners with agencies such as the Department of Veterans Affairs, Department of Defense, Department of Homeland Security, and the Department of Health and Human Services.