RBF Capital LLC Purchases New Position in DLH Holdings Corp. $DLHC

RBF Capital LLC acquired a new position in shares of DLH Holdings Corp. (NASDAQ:DLHC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 225,000 shares of the business services provider’s stock, valued at approximately $1,314,000. RBF Capital LLC owned approximately 1.56% of DLH as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of DLHC. Nuveen LLC purchased a new stake in DLH in the 1st quarter valued at about $44,000. Bank of America Corp DE lifted its holdings in DLH by 31.9% during the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock worth $62,000 after acquiring an additional 1,855 shares during the period. Qube Research & Technologies Ltd bought a new position in DLH in the 2nd quarter valued at $73,000. Quadrature Capital Ltd bought a new stake in shares of DLH during the 2nd quarter worth $89,000. Finally, Strs Ohio purchased a new position in shares of DLH in the 1st quarter worth about $185,000. Institutional investors own 67.25% of the company’s stock.

Insider Activity at DLH

In related news, major shareholder Mink Brook Asset Management Ll purchased 16,734 shares of DLH stock in a transaction dated Friday, September 12th. The stock was bought at an average cost of $5.50 per share, for a total transaction of $92,037.00. Following the completion of the transaction, the insider owned 1,856,430 shares in the company, valued at $10,210,365. This trade represents a 0.91% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 46,819 shares of company stock valued at $257,505 over the last three months. 15.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of DLH in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, DLH presently has an average rating of “Sell”.

DLH Price Performance

DLHC opened at $5.95 on Wednesday. The firm has a 50-day moving average price of $5.88 and a 200-day moving average price of $5.68. DLH Holdings Corp. has a twelve month low of $2.72 and a twelve month high of $8.45. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $85.62 million, a price-to-earnings ratio of 18.59 and a beta of 1.56.

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).