Mink Brook Asset Management Ll Purchases 4,407 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 4,407 shares of the firm’s stock in a transaction dated Monday, July 13th. The shares were bought at an average cost of $5.09 per share, with a total value of $22,431.63. Following the purchase, the insider directly owned 2,158,480 shares of the company’s stock, valued at approximately $10,986,663.20. This represents a 0.20% increase in their position. The acquisition 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 Thursday, July 9th, Mink Brook Asset Management Ll acquired 5,000 shares of DLH stock. The stock was bought at an average cost of $5.13 per share, with a total value of $25,650.00.
• On Wednesday, July 8th, Mink Brook Asset Management Ll purchased 2,275 shares of DLH stock. The shares were bought at an average price of $5.14 per share, with a total value of $11,693.50.
• On Tuesday, July 7th, Mink Brook Asset Management Ll acquired 5,000 shares of DLH stock. The shares were 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 acquired 9,422 shares of DLH stock. The shares were acquired at an average cost 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 purchased at an average cost of $5.25 per share, for a total transaction of $29,610.00.
• On Tuesday, June 30th, Mink Brook Asset Management Ll purchased 4,543 shares of DLH stock. The shares were purchased at an average price of $5.25 per share, for a total transaction of $23,850.75.
• On Monday, June 29th, Mink Brook Asset Management Ll acquired 640 shares of DLH stock. The shares were bought 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 stock was bought 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 bought 9,343 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value 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 price of $5.50 per share, for a total transaction of $20,564.50.

DLH Price Performance

Shares of DLHC traded up $0.03 on Tuesday, reaching $5.25. The stock had a trading volume of 17,697 shares, compared to its average volume of 30,119. 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 capitalization of $76.07 million, a PE ratio of -17.50 and a beta of 1.45. The firm has a 50-day moving average of $5.47 and a 200 day moving average of $5.69. DLH Holdings Corp. has a twelve month low of $5.03 and a twelve month high of $8.10.

DLH (NASDAQ:DLHC) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share 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 analysts’ expectations of $58.00 million. Sell-side analysts expect that DLH Holdings Corp. will post -0.59 EPS for the current year.

Institutional Investors Weigh In On DLH

Several large investors have recently bought and sold shares of DLHC. Bank of America Corp DE lifted its stake 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 buying an additional 1,855 shares in the last quarter. Strs Ohio bought a new position in DLH during the first quarter worth $185,000. Qube Research & Technologies Ltd bought a new position in shares of DLH during the second quarter worth approximately $73,000. Jane Street Group LLC bought a new stake in DLH in the 2nd quarter valued at about $65,000. Finally, Vanguard Group Inc. grew its holdings in shares of DLH by 1.2% during 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 in the last quarter. Institutional investors own 67.25% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DLHC shares. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a report on Monday, April 20th. Zacks Research raised DLH from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.