State Street Corp Raises Holdings in DLH Holdings Corp. (NASDAQ:DLHC)

State Street Corp increased its position in DLH Holdings Corp. (NASDAQ:DLHC) by 3.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 111,447 shares of the business services provider’s stock after purchasing an additional 4,165 shares during the period. State Street Corp’s holdings in DLH were worth $1,043,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers bought a new position in DLH during the second quarter worth about $90,000. BNP Paribas Financial Markets lifted its stake in shares of DLH by 654.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider’s stock valued at $139,000 after buying an additional 12,906 shares in the last quarter. Squarepoint Ops LLC purchased a new position in DLH in the 2nd quarter valued at approximately $367,000. Bank of New York Mellon Corp raised its holdings in DLH by 160.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 37,238 shares of the business services provider’s stock valued at $393,000 after acquiring an additional 22,928 shares during the period. Finally, Albert D Mason Inc. lifted its position in shares of DLH by 1.5% during the third quarter. Albert D Mason Inc. now owns 93,559 shares of the business services provider’s stock worth $876,000 after acquiring an additional 1,403 shares in the last quarter. 67.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut DLH from a “buy” rating to a “hold” rating in a research report on Wednesday.

DLH Stock Down 3.0 %

DLHC stock opened at $7.79 on Friday. The stock has a 50-day simple moving average of $8.21 and a two-hundred day simple moving average of $9.52. DLH Holdings Corp. has a twelve month low of $7.34 and a twelve month high of $17.58. The firm has a market capitalization of $112.07 million, a PE ratio of 15.27 and a beta of 1.16. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.25.

Insider Activity

In other DLH news, CFO Kathryn M. Johnbull acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average price of $7.76 per share, for a total transaction of $77,600.00. Following the completion of the transaction, the chief financial officer now owns 528,687 shares of the company’s stock, valued at approximately $4,102,611.12. This represents a 1.93 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 21.60% of the stock is owned by company insiders.

DLH Profile

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).