Insider Buying: DLH (NASDAQ:DLHC) Major Shareholder Acquires 2,397 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 2,397 shares of DLH stock in a transaction on Tuesday, May 19th. The shares were bought at an average price of $5.50 per share, for a total transaction of $13,183.50. Following the completion of the purchase, the insider directly owned 2,060,151 shares in the company, valued at $11,330,830.50. The trade was a 0.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 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 Monday, May 18th, Mink Brook Asset Management Ll acquired 5,304 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $29,172.00.
• On Thursday, May 14th, Mink Brook Asset Management Ll acquired 512 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $2,816.00.
• On Wednesday, May 13th, Mink Brook Asset Management Ll acquired 68,547 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $377,008.50.
• On Tuesday, April 7th, Mink Brook Asset Management Ll acquired 196 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $1,078.00.
• On Thursday, February 19th, Mink Brook Asset Management Ll acquired 8,048 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $44,264.00.
• On Wednesday, February 18th, Mink Brook Asset Management Ll acquired 22,057 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $121,313.50.

DLH Stock Performance

DLH stock traded up $0.02 during mid-day trading on Tuesday, reaching $5.52. The company’s stock had a trading volume of 7,154 shares, compared to its average volume of 10,467. The firm has a market cap of $79.98 million, a price-to-earnings ratio of -18.40 and a beta of 1.47. The business has a 50 day moving average price of $5.83 and a 200-day moving average price of $5.83. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00. DLH Holdings Corp. has a twelve month low of $4.91 and a twelve month high of $8.10.

DLH (NASDAQ:DLHC) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). DLH had a negative return on equity of 4.00% and a negative net margin of 1.53%.The business had revenue of $59.27 million during the quarter, compared to the consensus estimate of $58.00 million. Sell-side analysts predict that DLH Holdings Corp. will post -0.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DLHC shares. Zacks Research raised DLH from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a report on Monday, April 20th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, DLH has an average rating of “Reduce”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in DLH in the 4th quarter worth about $58,000. Bank of America Corp DE grew its position in 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 during the last quarter. Qube Research & Technologies Ltd bought a new position in DLH in the 2nd quarter worth about $73,000. Strs Ohio bought a new position in DLH in the 1st quarter worth about $185,000. Finally, Sandia Investment Management LP bought a new position in DLH in the 4th quarter worth about $197,000. Institutional investors own 67.25% of the company’s stock.

About DLH

DLH Holdings Corp. (NASDAQ: DLHC) is a provider of mission-driven professional services primarily to federal government agencies and select commercial clients. The company designs and delivers tailored solutions across a range of critical mission areas, including program and project management, consulting, technical assistance, and administrative support. Through its Healthcare Solutions offerings, DLH also specializes in supporting clinical and allied health staffing needs for federal health agencies and health systems.

Operating under its Federal Solutions segment, DLH partners with agencies such as the Department of Veterans Affairs, Department of Defense, Department of Homeland Security, and the Department of Health and Human Services.