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

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 5,000 shares of the stock in a transaction on Thursday, July 9th. The stock was purchased at an average cost of $5.13 per share, with a total value of $25,650.00. Following the purchase, the insider directly owned 2,149,073 shares of the company’s stock, valued at approximately $11,024,744.49. This represents a 0.23% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 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 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, for a total transaction of $11,693.50.
• On Tuesday, July 7th, Mink Brook Asset Management Ll purchased 5,000 shares of DLH stock. The shares were purchased at an average cost of $5.17 per share, for a total transaction of $25,850.00.
• On Monday, July 6th, Mink Brook Asset Management Ll purchased 9,422 shares of DLH stock. The shares were purchased 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 purchased at an average cost of $5.25 per share, with a total value of $29,610.00.
• On Tuesday, June 30th, Mink Brook Asset Management Ll acquired 4,543 shares of DLH stock. The stock was purchased 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 purchased 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 acquired 15,280 shares of DLH stock. The shares were acquired at an average cost 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 price of $5.50 per share, for a total transaction of $51,386.50.
• On Wednesday, June 24th, Mink Brook Asset Management Ll bought 3,739 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $20,564.50.
• On Tuesday, June 23rd, Mink Brook Asset Management Ll bought 110 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $605.00.

DLH Trading Down 1.0%

Shares of DLH stock traded down $0.05 during trading hours on Friday, hitting $5.03. The company’s stock had a trading volume of 18,055 shares, compared to its average volume of 138,079. DLH Holdings Corp. has a 12 month low of $5.03 and a 12 month high of $8.10. The stock has a 50 day moving average of $5.48 and a 200 day moving average of $5.69. The company has a market capitalization of $72.88 million, a PE ratio of -16.77 and a beta of 1.45. 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 (NASDAQ:DLHC) last released its quarterly 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 business had revenue of $59.27 million for the quarter, compared to analyst estimates of $58.00 million. Analysts predict that DLH Holdings Corp. will post -0.59 earnings per share for the current year.

Institutional Trading of DLH

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its position in shares of DLH by 31.9% during the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock worth $62,000 after buying an additional 1,855 shares during the period. Jane Street Group LLC acquired a new stake in DLH in the 4th quarter valued at approximately $58,000. Qube Research & Technologies Ltd bought a new stake in DLH in the 2nd quarter valued at approximately $73,000. Sandia Investment Management LP bought a new stake in DLH in the 4th quarter valued at approximately $197,000. Finally, Strs Ohio bought a new stake in DLH in the 1st quarter valued at approximately $185,000. 67.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DLHC has been the topic of a number of research reports. Zacks Research raised shares of DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a 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 stock. According to data from MarketBeat.com, the company presently has an average 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.