Mink Brook Asset Management Ll Acquires 7,944 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 7,944 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were acquired at an average cost of $4.96 per share, with a total value of $39,402.24. Following the purchase, the insider owned 2,166,724 shares of the company’s stock, valued at $10,746,951.04. The trade was a 0.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Friday, July 31st, Mink Brook Asset Management Ll purchased 441 shares of DLH stock. The stock was acquired at an average cost of $4.86 per share, for a total transaction of $2,143.26.
• On Monday, July 27th, Mink Brook Asset Management Ll purchased 10 shares of DLH stock. The stock was acquired at an average cost of $5.09 per share, for a total transaction of $50.90.
• On Friday, July 24th, Mink Brook Asset Management Ll purchased 391 shares of DLH stock. The shares were acquired at an average price of $5.10 per share, with a total value of $1,994.10.
• On Thursday, July 23rd, Mink Brook Asset Management Ll acquired 79 shares of DLH stock. The shares were acquired at an average cost of $5.10 per share, with a total value of $402.90.
• On Monday, July 13th, Mink Brook Asset Management Ll acquired 4,407 shares of DLH stock. The stock was bought at an average price of $5.09 per share, for a total transaction of $22,431.63.
• On Thursday, July 9th, Mink Brook Asset Management Ll bought 5,000 shares of DLH stock. The stock was bought at an average cost of $5.13 per share, for a total transaction of $25,650.00.
• On Wednesday, July 8th, Mink Brook Asset Management Ll bought 2,275 shares of DLH stock. The stock was bought at an average cost of $5.14 per share, for a total transaction of $11,693.50.
• On Tuesday, July 7th, Mink Brook Asset Management Ll bought 5,000 shares of DLH stock. The shares were bought at an average cost 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 bought 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 stock was bought at an average cost of $5.25 per share, for a total transaction of $29,610.00.

DLH Stock Performance

Shares of DLHC stock opened at $4.88 on Friday. The firm’s 50 day moving average price is $5.37 and its 200-day moving average price is $5.65. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.87 and a current ratio of 0.67. DLH Holdings Corp. has a one year low of $4.74 and a one year high of $8.10. The firm has a market cap of $70.71 million, a P/E ratio of -3.30 and a beta of 1.45.

DLH (NASDAQ:DLHC) last posted its quarterly earnings data on Wednesday, July 29th. The business services provider reported ($1.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.99). DLH had a negative return on equity of 10.42% and a negative net margin of 8.51%.The company had revenue of $44.23 million for the quarter, compared to analysts’ expectations of $50.00 million. As a group, equities research analysts predict that DLH Holdings Corp. will post -0.59 EPS for the current year.

Hedge Funds Weigh In On DLH

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DLHC. North Star Investment Management Corp. acquired a new position in shares of DLH in the first quarter worth $786,000. Sandia Investment Management LP acquired a new stake in shares of DLH in the fourth quarter valued at $197,000. Rothschild Wealth LLC purchased a new position in DLH in the fourth quarter valued at $928,000. Mink Brook Asset Management LLC boosted its holdings in DLH by 2.3% in the fourth quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock valued at $14,836,000 after purchasing an additional 59,498 shares during the period. Finally, State Street Corp grew its stake in DLH by 28.7% during the 4th quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock worth $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.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a report on Friday, July 17th. Noble Financial restated an “outperform” rating on shares of DLH in a report on Friday. Finally, 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 Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold”.

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.