DLH (NASDAQ:DLHC) Major Shareholder Buys $15,031.50 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 2,733 shares of the stock in a transaction on Wednesday, June 17th. The stock was bought at an average price of $5.50 per share, for a total transaction of $15,031.50. Following the transaction, the insider owned 2,080,997 shares in the company, valued at approximately $11,445,483.50. This represents a 0.13% increase in their position. The purchase 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 Tuesday, June 16th, Mink Brook Asset Management Ll acquired 3,859 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $21,224.50.
• On Tuesday, June 9th, Mink Brook Asset Management Ll bought 71 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $390.50.
• On Monday, June 8th, Mink Brook Asset Management Ll bought 49 shares of DLH stock. The stock was purchased 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 purchased 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 purchased 3,223 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $17,726.50.
• On Thursday, May 21st, Mink Brook Asset Management Ll purchased 1,584 shares of DLH stock. The shares were purchased 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 acquired 120 shares of DLH stock. The stock was purchased 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 acquired 2,397 shares of DLH stock. The stock was purchased 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 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 bought 512 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $2,816.00.

DLH Stock Performance

DLHC stock opened at $5.44 on Friday. DLH Holdings Corp. has a 52-week low of $5.35 and a 52-week high of $8.10. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.00. The firm has a market cap of $78.84 million, a P/E ratio of -18.13 and a beta of 1.45. The company’s 50-day simple moving average is $5.71 and its 200-day simple moving average is $5.75.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DLHC. Weiss Ratings restated 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 analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On DLH

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in DLH during the fourth quarter worth $58,000. Bank of America Corp DE increased its stake in shares of 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 acquiring an additional 1,855 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of DLH in the 2nd quarter worth $73,000. Strs Ohio purchased a new position in shares of DLH during the 1st quarter worth $185,000. Finally, Sandia Investment Management LP purchased a new position in shares of DLH during the 4th quarter worth $197,000. Hedge funds and other 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.