DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Acquires 7,689 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHCGet Free Report) major shareholder Mink Brook Asset Management Ll acquired 7,689 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $42,289.50. Following the completion of the transaction, the insider now directly owns 1,619,363 shares in the company, valued at $8,906,496.50. This represents a 0.48% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Tuesday, June 24th, Mink Brook Asset Management Ll bought 900 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, for a total transaction of $4,950.00.
  • On Monday, June 23rd, Mink Brook Asset Management Ll bought 2,659 shares of DLH stock. The stock was bought at an average cost of $5.47 per share, for a total transaction of $14,544.73.
  • On Friday, June 20th, Mink Brook Asset Management Ll bought 5,776 shares of DLH stock. The stock was bought at an average cost of $5.47 per share, for a total transaction of $31,594.72.
  • On Wednesday, June 18th, Mink Brook Asset Management Ll acquired 18,535 shares of DLH stock. The shares were purchased at an average price of $5.45 per share, with a total value of $101,015.75.
  • On Tuesday, June 17th, Mink Brook Asset Management Ll acquired 13,180 shares of DLH stock. The shares were purchased at an average price of $5.46 per share, with a total value of $71,962.80.
  • On Monday, June 16th, Mink Brook Asset Management Ll acquired 2,775 shares of DLH stock. The shares were purchased at an average price of $5.39 per share, with a total value of $14,957.25.
  • On Friday, June 13th, Mink Brook Asset Management Ll acquired 22,982 shares of DLH stock. The shares were purchased at an average price of $5.43 per share, with a total value of $124,792.26.
  • On Thursday, June 12th, Mink Brook Asset Management Ll acquired 19,561 shares of DLH stock. The shares were purchased at an average price of $5.44 per share, with a total value of $106,411.84.
  • On Wednesday, June 11th, Mink Brook Asset Management Ll acquired 21,210 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $116,655.00.
  • On Tuesday, June 10th, Mink Brook Asset Management Ll acquired 4,408 shares of DLH stock. The shares were bought at an average cost of $5.49 per share, for a total transaction of $24,199.92.

DLH Trading Down 1.8%

Shares of NASDAQ DLHC opened at $5.47 on Thursday. The business’s 50 day moving average is $4.74 and its two-hundred day moving average is $5.60. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.10 and a quick ratio of 1.10. DLH Holdings Corp. has a 1-year low of $2.72 and a 1-year high of $11.99. The stock has a market capitalization of $78.71 million, a P/E ratio of 14.40 and a beta of 1.33.

DLH (NASDAQ:DLHCGet Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). DLH had a return on equity of 4.90% and a net margin of 1.44%. The company had revenue of $89.21 million for the quarter, compared to the consensus estimate of $90.00 million. As a group, research analysts expect that DLH Holdings Corp. will post -0.13 EPS for the current year.

Institutional Investors Weigh In On DLH

Several large investors have recently added to or reduced their stakes in DLHC. Bank of America Corp DE boosted 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 valued at $62,000 after buying an additional 1,855 shares during the period. Bard Associates Inc. acquired a new position in shares of DLH in the 1st quarter valued at $43,000. Nuveen LLC acquired a new position in shares of DLH in the 1st quarter valued at $44,000. Wealthedge Investment Advisors LLC acquired a new position in shares of DLH in the 4th quarter valued at $114,000. Finally, Corton Capital Inc. acquired a new position in shares of DLH in the 1st quarter valued at $71,000. 67.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

View Our Latest Analysis on DLH

About DLH

(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).

Further Reading

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

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