Insider Buying: DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Acquires 6,097 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 6,097 shares of the business’s stock in a transaction dated Wednesday, April 30th. The shares were purchased at an average price of $3.85 per share, for a total transaction of $23,473.45. Following the purchase, the insider now owns 1,342,454 shares of the company’s stock, valued at approximately $5,168,447.90. This trade represents a 0.46 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Mink Brook Asset Management Ll also recently made the following trade(s):

• On Monday, April 28th, Mink Brook Asset Management Ll bought 12,054 shares of DLH stock. The shares were acquired at an average price of $3.55 per share, for a total transaction of $42,791.70.

DLH Stock Down 0.3 %

DLH stock opened at $3.93 on Friday. DLH Holdings Corp. has a twelve month low of $2.72 and a twelve month high of $12.23. The business has a fifty day moving average of $4.12 and a two-hundred day moving average of $6.54. The firm has a market cap of $56.54 million, a P/E ratio of 8.93 and a beta of 1.46. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.21.

DLH (NASDAQ:DLHC) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. DLH had a return on equity of 5.82% and a net margin of 1.64%. On average, analysts forecast that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Institutional Trading of DLH

A number of institutional investors have recently modified their holdings of the company. Wealthedge Investment Advisors LLC bought a new position in shares of DLH during the 4th quarter worth approximately $114,000. Mink Brook Asset Management LLC acquired a new position in shares of DLH during the fourth quarter worth $10,991,000. Millennium Management LLC lifted its holdings in shares of DLH by 313.4% during the 4th quarter. Millennium Management LLC now owns 69,733 shares of the business services provider’s stock valued at $560,000 after purchasing an additional 52,864 shares during the last quarter. Bank of America Corp DE boosted its position in shares of DLH by 31.9% in the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock worth $62,000 after purchasing an additional 1,855 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in DLH by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 268,930 shares of the business services provider’s stock worth $2,159,000 after buying an additional 10,921 shares during the last quarter. 67.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of DLH from a “buy” rating to a “hold” rating in a research report on Friday, February 7th.

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).