DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Buys 2,275 Shares

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 2,275 shares of the business’s stock in a transaction on Wednesday, July 8th. The stock was purchased at an average price of $5.14 per share, for a total transaction of $11,693.50. Following the purchase, the insider directly owned 2,144,073 shares in the company, valued at approximately $11,020,535.22. This represents a 0.11% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more 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 Tuesday, July 7th, Mink Brook Asset Management Ll purchased 5,000 shares of DLH stock. The stock was bought at an average price of $5.17 per share, with a total value of $25,850.00.
• On Monday, July 6th, Mink Brook Asset Management Ll purchased 9,422 shares of DLH stock. The shares were acquired at an average cost of $5.19 per share, for a total transaction of $48,900.18.
• On Thursday, July 2nd, Mink Brook Asset Management Ll purchased 5,640 shares of DLH stock. The stock was bought at an average price of $5.25 per share, for a total transaction of $29,610.00.
• On Tuesday, June 30th, Mink Brook Asset Management Ll bought 4,543 shares of DLH stock. The shares were acquired at an average cost of $5.25 per share, for a total transaction of $23,850.75.
• On Monday, June 29th, Mink Brook Asset Management Ll bought 640 shares of DLH stock. The shares were acquired at an average price of $5.25 per share, with a total value of $3,360.00.
• On Friday, June 26th, Mink Brook Asset Management Ll purchased 15,280 shares of DLH stock. The stock was purchased at an average price of $5.28 per share, with a total value of $80,678.40.
• On Thursday, June 25th, Mink Brook Asset Management Ll acquired 9,343 shares of DLH stock. The stock was 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 shares were purchased at an average cost of $5.50 per share, for a total transaction of $20,564.50.
• On Tuesday, June 23rd, Mink Brook Asset Management Ll acquired 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 acquired 624 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $3,432.00.

DLH Price Performance

Shares of NASDAQ DLHC opened at $5.17 on Thursday. The firm’s 50-day simple moving average is $5.51 and its 200 day simple moving average is $5.70. The stock has a market cap of $74.91 million, a price-to-earnings ratio of -17.23 and a beta of 1.45. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.87 and a current ratio of 0.87. DLH Holdings Corp. has a fifty-two week low of $5.10 and a fifty-two week high of $8.10.

DLH (NASDAQ:DLHC) last released 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 net margin of 1.53% and a negative return on equity of 4.00%. The business had revenue of $59.27 million during the quarter, compared to the consensus estimate of $58.00 million. As a group, research analysts anticipate that DLH Holdings Corp. will post -0.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its holdings 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 in the last quarter. Vanguard Group Inc. raised its position in shares of DLH by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock worth $2,795,000 after purchasing an additional 5,735 shares during the last quarter. Jane Street Group LLC bought a new position in shares of DLH in the fourth quarter worth approximately $58,000. Qube Research & Technologies Ltd bought a new position in DLH in the 2nd quarter valued at approximately $73,000. Finally, State Street Corp lifted its holdings in shares of DLH by 28.7% during the fourth quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock valued at $337,000 after purchasing an additional 13,300 shares in the last quarter. Hedge funds and other institutional investors own 67.25% of the company’s stock.

Wall Street Analysts Forecast Growth

DLHC has been the subject of several recent research reports. Zacks Research upgraded 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 research 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.com, the company presently has an average rating of “Reduce”.

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.