Barclays PLC Purchases 8,782 Shares of DLH Holdings Corp. (NASDAQ:DLHC)

Barclays PLC grew its stake in DLH Holdings Corp. (NASDAQ:DLHC) by 299.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 11,716 shares of the business services provider’s stock after purchasing an additional 8,782 shares during the quarter. Barclays PLC’s holdings in DLH were worth $109,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DLHC. Bank of New York Mellon Corp grew its holdings in shares of DLH by 160.2% in 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 in the last quarter. Rhumbline Advisers bought a new position in shares of DLH in the 2nd quarter valued at about $90,000. Victory Capital Management Inc. bought a new position in shares of DLH in the 2nd quarter valued at about $1,013,000. Dimensional Fund Advisors LP grew its holdings in shares of DLH by 24.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 233,800 shares of the business services provider’s stock valued at $2,469,000 after acquiring an additional 45,915 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of DLH in the 2nd quarter valued at about $367,000. Institutional investors own 67.25% of the company’s stock.

DLH Trading Up 2.5 %

Shares of NASDAQ:DLHC opened at $7.86 on Thursday. DLH Holdings Corp. has a 52-week low of $7.34 and a 52-week high of $17.58. The company has a market capitalization of $113.07 million, a P/E ratio of 15.41 and a beta of 1.18. The company has a 50-day simple moving average of $8.19 and a 200 day simple moving average of $9.42. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.99 and a current ratio of 0.99.

Analysts Set New Price Targets

Separately, StockNews.com upgraded DLH from a “hold” rating to a “buy” rating in a report on Thursday.

Insider Activity at DLH

In other news, CFO Kathryn M. Johnbull bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average cost of $7.76 per share, for a total transaction of $77,600.00. Following the purchase, the chief financial officer now owns 528,687 shares of the company’s stock, valued at approximately $4,102,611.12. This trade represents a 1.93 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 21.60% of the stock is currently owned by company insiders.

DLH Company 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).