DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Buys $106,411.84 in Stock

DLH Holdings Corp. (NASDAQ:DLHCGet Free Report) major shareholder Mink Brook Asset Management Ll purchased 19,561 shares of the firm’s stock in a transaction dated Thursday, June 12th. The shares were bought at an average cost of $5.44 per share, with a total value of $106,411.84. Following the purchase, the insider now directly owns 1,544,867 shares of the company’s stock, valued at approximately $8,404,076.48. This represents a 1.28% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, June 11th, Mink Brook Asset Management Ll purchased 21,210 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $116,655.00.
  • On Tuesday, June 10th, Mink Brook Asset Management Ll purchased 4,408 shares of DLH stock. The shares were bought at an average cost of $5.49 per share, with a total value of $24,199.92.
  • On Monday, June 9th, Mink Brook Asset Management Ll purchased 4,786 shares of DLH stock. The shares were bought at an average cost of $5.48 per share, with a total value of $26,227.28.
  • On Friday, June 6th, Mink Brook Asset Management Ll purchased 17,160 shares of DLH stock. The shares were bought at an average cost of $5.47 per share, with a total value of $93,865.20.
  • On Thursday, June 5th, Mink Brook Asset Management Ll purchased 357 shares of DLH stock. The shares were bought at an average cost of $5.13 per share, with a total value of $1,831.41.
  • On Thursday, May 29th, Mink Brook Asset Management Ll acquired 964 shares of DLH stock. The stock was acquired at an average cost of $4.97 per share, with a total value of $4,791.08.
  • On Wednesday, May 28th, Mink Brook Asset Management Ll acquired 416 shares of DLH stock. The stock was acquired at an average cost of $5.00 per share, with a total value of $2,080.00.
  • On Tuesday, May 27th, Mink Brook Asset Management Ll acquired 90 shares of DLH stock. The stock was acquired at an average cost of $5.00 per share, with a total value of $450.00.
  • On Friday, May 23rd, Mink Brook Asset Management Ll acquired 2,561 shares of DLH stock. The stock was acquired at an average cost of $4.98 per share, with a total value of $12,753.78.
  • On Thursday, May 22nd, Mink Brook Asset Management Ll acquired 1,230 shares of DLH stock. The stock was acquired at an average cost of $5.00 per share, with a total value of $6,150.00.

DLH Stock Performance

Shares of NASDAQ:DLHC opened at $5.44 on Friday. The company has a market capitalization of $78.26 million, a price-to-earnings ratio of 12.36 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. 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 firm has a 50 day moving average of $4.36 and a 200 day moving average of $5.76.

DLH (NASDAQ:DLHCGet Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (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 analyst estimates of $90.00 million. DLH had a return on equity of 5.82% and a net margin of 1.64%. On average, sell-side analysts predict that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of DLH from a “buy” rating to a “hold” rating in a research note on Saturday, May 17th.

Check Out Our Latest Analysis on DLH

Hedge Funds Weigh In On DLH

Large investors have recently made changes to their positions in the business. Bank of America Corp DE increased its position in shares of 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 purchasing an additional 1,855 shares in the last quarter. Bard Associates Inc. acquired a new position in shares of DLH during the first quarter worth $43,000. Nuveen LLC acquired a new position in shares of DLH during the first quarter worth $44,000. Wealthedge Investment Advisors LLC acquired a new position in shares of DLH during the fourth quarter worth $114,000. Finally, Corton Capital Inc. acquired a new position in shares of DLH during the first quarter worth $71,000. 67.25% of the stock is owned by institutional investors and hedge funds.

DLH Company Profile

(Get Free Report)

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).

See Also

Insider Buying and Selling by Quarter for DLH (NASDAQ:DLHC)

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