DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Purchases 5,000 Shares

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 5,000 shares of DLH stock in a transaction dated Tuesday, July 7th. The shares were purchased at an average cost of $5.17 per share, with a total value of $25,850.00. Following the acquisition, the insider owned 2,141,798 shares of the company’s stock, valued at approximately $11,073,095.66. This trade represents a 0.23% increase in their position. The transaction 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 sales and purchases with the SEC.

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

• On Wednesday, July 8th, Mink Brook Asset Management Ll bought 2,275 shares of DLH stock. The stock was purchased at an average price of $5.14 per share, with a total value of $11,693.50.
• On Monday, July 6th, Mink Brook Asset Management Ll acquired 9,422 shares of DLH stock. The shares were acquired at an average price of $5.19 per share, with a total value of $48,900.18.
• On Thursday, July 2nd, Mink Brook Asset Management Ll purchased 5,640 shares of DLH stock. The shares were acquired at an average price of $5.25 per share, with a total value of $29,610.00.
• On Tuesday, June 30th, Mink Brook Asset Management Ll bought 4,543 shares of DLH stock. The stock was bought at an average price of $5.25 per share, with a total value of $23,850.75.
• On Monday, June 29th, Mink Brook Asset Management Ll acquired 640 shares of DLH stock. The stock was bought 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 shares were purchased at an average cost of $5.28 per share, with a total value of $80,678.40.
• On Thursday, June 25th, Mink Brook Asset Management Ll bought 9,343 shares of DLH stock. The shares were purchased 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 acquired 3,739 shares of DLH stock. The stock was acquired 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 purchased 110 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, for a total transaction of $605.00.
• On Monday, June 22nd, Mink Brook Asset Management Ll bought 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.

DLH Price Performance

NASDAQ DLHC opened at $5.17 on Thursday. The stock’s 50-day moving average price is $5.51 and its two-hundred day moving average price is $5.70. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00. DLH Holdings Corp. has a 1 year low of $5.10 and a 1 year high of $8.10. The company has a market cap of $74.91 million, a PE ratio of -17.23 and a beta of 1.45.

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 analysts’ consensus estimates 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%. On average, analysts predict that DLH Holdings Corp. will post -0.59 EPS for the current year.

Institutional Trading of DLH

Large investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in shares of DLH during the fourth quarter valued at approximately $58,000. Bank of America Corp DE increased its holdings in DLH by 31.9% in 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 purchasing an additional 1,855 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in DLH in the second quarter valued at about $73,000. Strs Ohio acquired a new position in DLH in the first quarter valued at about $185,000. Finally, Sandia Investment Management LP bought a new position in DLH during the fourth quarter worth about $197,000. Institutional investors own 67.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DLHC shares. Zacks Research upgraded shares of DLH from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to 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.