Mink Brook Asset Management Ll Acquires 3,859 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 3,859 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was bought at an average cost of $5.50 per share, with a total value of $21,224.50. Following the completion of the acquisition, the insider directly owned 2,078,264 shares of the company’s stock, valued at approximately $11,430,452. This trade represents a 0.19% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, June 17th, Mink Brook Asset Management Ll acquired 2,733 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $15,031.50.
• On Tuesday, June 9th, Mink Brook Asset Management Ll acquired 71 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $390.50.
• On Monday, June 8th, Mink Brook Asset Management Ll bought 49 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $269.50.
• On Tuesday, June 2nd, Mink Brook Asset Management Ll bought 7,494 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $41,217.00.
• On Wednesday, May 27th, Mink Brook Asset Management Ll bought 3,223 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $17,726.50.
• On Thursday, May 21st, Mink Brook Asset Management Ll purchased 1,584 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $8,712.00.
• On Wednesday, May 20th, Mink Brook Asset Management Ll purchased 120 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $660.00.
• On Tuesday, May 19th, Mink Brook Asset Management Ll purchased 2,397 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $13,183.50.
• On Monday, May 18th, Mink Brook Asset Management Ll acquired 5,304 shares of DLH stock. The stock was purchased at an average price 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 shares were purchased at an average cost of $5.50 per share, with a total value of $2,816.00.

DLH Price Performance

Shares of NASDAQ:DLHC opened at $5.44 on Friday. The company has a 50 day moving average of $5.72 and a 200 day moving average of $5.75. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00. The stock has a market cap of $78.83 million, a P/E ratio of -18.13 and a beta of 1.45. DLH Holdings Corp. has a 12 month low of $5.35 and a 12 month high of $8.10.

DLH (NASDAQ:DLHC) last posted 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 firm had revenue of $59.27 million during the quarter, compared to analysts’ expectations of $58.00 million. As a group, sell-side analysts forecast that DLH Holdings Corp. will post -0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On DLH

Institutional investors and hedge funds have recently bought and sold shares of the stock. North Star Investment Management Corp. purchased a new position in DLH in the 1st quarter worth approximately $786,000. Sandia Investment Management LP purchased a new stake in shares of DLH during the 4th quarter valued at $197,000. Rothschild Wealth LLC purchased a new stake in shares of DLH during the 4th quarter valued at $928,000. Mink Brook Asset Management LLC lifted its holdings in shares of DLH by 2.3% during the 4th quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock worth $14,836,000 after acquiring an additional 59,498 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of DLH by 28.7% during the 4th quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock worth $337,000 after acquiring an additional 13,300 shares during the last quarter. 67.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DLHC has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a research report on Monday, April 20th. Zacks Research upgraded DLH from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, DLH currently has a consensus rating of “Reduce”.

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.