DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Purchases $51,689.70 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 10,905 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average cost of $4.74 per share, with a total value of $51,689.70. Following the purchase, the insider now directly owns 1,402,061 shares of the company’s stock, valued at $6,645,769.14. This trade represents a 0.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, May 9th, Mink Brook Asset Management Ll purchased 11,664 shares of DLH stock. The shares were purchased at an average cost of $4.00 per share, with a total value of $46,656.00.
• On Wednesday, May 7th, Mink Brook Asset Management Ll acquired 7,818 shares of DLH stock. The stock was bought at an average price of $4.00 per share, for a total transaction of $31,272.00.
• On Monday, May 5th, Mink Brook Asset Management Ll acquired 10,065 shares of DLH stock. The stock was bought at an average price of $3.95 per share, for a total transaction of $39,756.75.
• On Friday, May 2nd, Mink Brook Asset Management Ll purchased 9,660 shares of DLH stock. The shares were acquired at an average price of $3.91 per share, for a total transaction of $37,770.60.
• On Wednesday, April 30th, Mink Brook Asset Management Ll acquired 6,097 shares of DLH stock. The shares were purchased at an average cost of $3.85 per share, for a total transaction of $23,473.45.
• On Monday, April 28th, Mink Brook Asset Management Ll acquired 12,054 shares of DLH stock. The shares were purchased at an average cost of $3.55 per share, for a total transaction of $42,791.70.

DLH Stock Performance

DLH stock opened at $4.81 on Thursday. The stock’s 50 day simple moving average is $3.98 and its two-hundred day simple moving average is $6.27. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $69.20 million, a price-to-earnings ratio of 10.93 and a beta of 1.33. DLH Holdings Corp. has a fifty-two week low of $2.72 and a fifty-two week high of $12.23.

DLH (NASDAQ:DLHC) last issued its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). DLH had a return on equity of 5.82% and a net margin of 1.64%. The company had revenue of $89.21 million during the quarter, compared to the consensus estimate of $90.00 million. As a group, analysts expect that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Institutional Trading of DLH

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in shares of 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. Bard Associates Inc. bought a new stake in shares of DLH in the 1st quarter worth approximately $43,000. Nuveen LLC bought a new stake in shares of DLH in the 1st quarter worth approximately $44,000. Barclays PLC boosted its position in shares of DLH by 299.3% in the 3rd quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock worth $109,000 after purchasing an additional 8,782 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC bought a new stake in shares of DLH in the 4th quarter worth approximately $114,000. 67.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised DLH from a “hold” rating to a “buy” rating in a research report on Friday, May 9th.

DLH Company Profile

DLH Holdings Corp. provides technology-enabled business process outsourcing, program management solutions, and public health research and analytics services in the United States. It offers digital transformation and cyber security solutions, including artificial intelligence and machine learning, cloud enablement, cybersecurity ecosystem, big data analytics, and modeling and simulation to the National Institutes of Health (NIH), the Defense Health Agency, Tele-medicine and Advanced Technology Research Center, and US Navy Naval Information Warfare Center (NIWC).