DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Buys 4,543 Shares

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 4,543 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of $5.25 per share, for a total transaction of $23,850.75. Following the completion of the transaction, the insider owned 2,121,736 shares of the company’s stock, valued at $11,139,114. This trade represents a 0.21% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% 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 Monday, June 29th, Mink Brook Asset Management Ll acquired 640 shares of DLH stock. The stock was acquired at an average cost of $5.25 per share, with a total value of $3,360.00.
• On Friday, June 26th, Mink Brook Asset Management Ll bought 15,280 shares of DLH stock. The shares were acquired at an average price of $5.28 per share, for a total transaction of $80,678.40.
• On Thursday, June 25th, Mink Brook Asset Management Ll bought 9,343 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $51,386.50.
• On Wednesday, June 24th, Mink Brook Asset Management Ll purchased 3,739 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value of $20,564.50.
• On Tuesday, June 23rd, Mink Brook Asset Management Ll purchased 110 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $605.00.
• On Monday, June 22nd, Mink Brook Asset Management Ll purchased 624 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $3,432.00.
• On Thursday, June 18th, Mink Brook Asset Management Ll purchased 6,460 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $35,530.00.
• On Wednesday, June 17th, Mink Brook Asset Management Ll purchased 2,733 shares of DLH stock. The stock was bought at an average price of $5.50 per share, for a total transaction of $15,031.50.
• On Tuesday, June 16th, Mink Brook Asset Management Ll bought 3,859 shares of DLH stock. The stock was 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 acquired 71 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $390.50.

DLH Stock Down 0.9%

Shares of DLHC opened at $5.25 on Wednesday. The firm has a 50 day simple moving average of $5.61 and a two-hundred day simple moving average of $5.72. 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 one year low of $5.12 and a one year high of $8.10. The company has a market cap of $76.07 million, a P/E ratio of -17.50 and a beta of 1.45.

DLH (NASDAQ:DLHC) last posted its earnings results on Wednesday, May 6th. The business services provider reported ($0.17) 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 company had revenue of $59.27 million during the quarter, compared to the consensus estimate of $58.00 million. Research analysts forecast that DLH Holdings Corp. will post -0.59 EPS for the current fiscal year.

Analysts Set New Price Targets

DLHC has been the subject of several research analyst reports. Zacks Research raised DLH from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a research report on Monday, April 20th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

Hedge Funds Weigh In On DLH

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew 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 in the last quarter. Vanguard Group Inc. lifted its position in shares of DLH by 1.2% during the third quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock valued at $2,795,000 after purchasing an additional 5,735 shares in the last quarter. Minerva Advisors LLC boosted its holdings in DLH by 0.5% during the third quarter. Minerva Advisors LLC now owns 1,116,802 shares of the business services provider’s stock worth $6,310,000 after purchasing an additional 6,059 shares during the last quarter. Jane Street Group LLC bought a new stake in DLH in the 4th quarter worth about $58,000. Finally, Qube Research & Technologies Ltd bought a new stake in DLH in the 2nd quarter worth about $73,000. Institutional investors and hedge funds own 67.25% of the company’s stock.

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.