DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Buys $26,227.28 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 4,786 shares of the stock in a transaction dated Monday, June 9th. The shares were purchased at an average cost of $5.48 per share, for a total transaction of $26,227.28. Following the completion of the acquisition, the insider now directly owns 1,499,688 shares in the company, valued at approximately $8,218,290.24. This trade represents a 0.32% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, June 6th, Mink Brook Asset Management Ll purchased 17,160 shares of DLH stock. The shares were purchased at an average cost of $5.47 per share, for a total transaction of $93,865.20.
• On Thursday, June 5th, Mink Brook Asset Management Ll purchased 357 shares of DLH stock. The shares were purchased at an average cost of $5.13 per share, for a total transaction of $1,831.41.
• On Thursday, May 29th, Mink Brook Asset Management Ll purchased 964 shares of DLH stock. The shares were purchased at an average cost of $4.97 per share, for a total transaction of $4,791.08.
• On Wednesday, May 28th, Mink Brook Asset Management Ll purchased 416 shares of DLH stock. The shares were purchased at an average cost of $5.00 per share, for a total transaction of $2,080.00.
• On Tuesday, May 27th, Mink Brook Asset Management Ll purchased 90 shares of DLH stock. The shares were purchased at an average cost of $5.00 per share, for a total transaction of $450.00.
• On Friday, May 23rd, Mink Brook Asset Management Ll bought 2,561 shares of DLH stock. The stock was bought at an average cost of $4.98 per share, for a total transaction of $12,753.78.
• On Thursday, May 22nd, Mink Brook Asset Management Ll bought 1,230 shares of DLH stock. The stock was bought at an average cost of $5.00 per share, for a total transaction of $6,150.00.
• On Wednesday, May 21st, Mink Brook Asset Management Ll bought 10,580 shares of DLH stock. The stock was bought at an average cost of $4.96 per share, for a total transaction of $52,476.80.
• On Tuesday, May 20th, Mink Brook Asset Management Ll bought 5,111 shares of DLH stock. The stock was bought at an average cost of $4.97 per share, for a total transaction of $25,401.67.
• On Monday, May 19th, Mink Brook Asset Management Ll bought 31,872 shares of DLH stock. The stock was bought at an average cost of $4.93 per share, for a total transaction of $157,128.96.

DLH Price Performance

NASDAQ:DLHC opened at $5.46 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.21. The business’s 50-day simple moving average is $4.27 and its two-hundred day simple moving average is $5.81. The stock has a market cap of $78.55 million, a PE ratio of 12.41 and a beta of 1.33. DLH Holdings Corp. has a 52 week low of $2.72 and a 52 week high of $11.99.

DLH (NASDAQ:DLHC) last posted its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $89.21 million for the quarter, compared to the consensus estimate of $90.00 million. DLH had a net margin of 1.64% and a return on equity of 5.82%. As a group, analysts forecast that DLH Holdings Corp. will post -0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut DLH from a “buy” rating to a “hold” rating in a report on Saturday, May 17th.

Institutional Investors Weigh In On DLH

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised 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 valued at $62,000 after acquiring an additional 1,855 shares during the period. Bard Associates Inc. bought a new stake in DLH during the first quarter valued at about $43,000. Nuveen LLC bought a new stake in DLH during the first quarter valued at about $44,000. Wealthedge Investment Advisors LLC purchased a new position in shares of DLH during the fourth quarter valued at about $114,000. Finally, Corton Capital Inc. purchased a new position in shares of DLH during the first quarter valued at about $71,000. 67.25% of the stock is owned by institutional investors.

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).