DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Acquires 7,494 Shares

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 7,494 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average price of $5.50 per share, for a total transaction of $41,217.00. Following the transaction, the insider directly owned 2,072,572 shares of the company’s stock, valued at approximately $11,399,146. The trade was a 0.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 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 Wednesday, May 27th, Mink Brook Asset Management Ll acquired 3,223 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $17,726.50.
• On Thursday, May 21st, Mink Brook Asset Management Ll bought 1,584 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $8,712.00.
• On Wednesday, May 20th, Mink Brook Asset Management Ll bought 120 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $660.00.
• On Tuesday, May 19th, Mink Brook Asset Management Ll bought 2,397 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $13,183.50.
• On Monday, May 18th, Mink Brook Asset Management Ll bought 5,304 shares of DLH stock. The shares were bought 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 bought 512 shares of DLH stock. The shares were bought 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 bought 68,547 shares of DLH stock. The shares were bought 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 bought 196 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $1,078.00.

DLH Stock Up 0.2%

Shares of DLH stock opened at $5.51 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.87 and a quick ratio of 0.87. DLH Holdings Corp. has a 1 year low of $5.10 and a 1 year high of $8.10. The firm’s 50-day moving average is $5.77 and its two-hundred day moving average is $5.80. The stock has a market cap of $79.84 million, a price-to-earnings ratio of -18.37 and a beta of 1.45.

DLH (NASDAQ:DLHC) last issued its earnings results on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $58.00 million. As a group, research analysts expect that DLH Holdings Corp. will post -0.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on DLHC. Zacks Research upgraded shares of DLH from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings reiterated 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, DLH currently has an average rating of “Reduce”.

Institutional Trading of DLH

Hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in shares of DLH during the fourth quarter valued at about $58,000. Bank of America Corp DE lifted 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 last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of DLH during the second quarter valued at about $73,000. Strs Ohio purchased a new stake in shares of DLH during the first quarter valued at about $185,000. Finally, Sandia Investment Management LP purchased a new stake in shares of DLH during the fourth quarter valued at about $197,000. 67.25% of the stock is owned by hedge funds and other institutional investors.

DLH Company Profile

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.