DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Buys 5,640 Shares

DLH Holdings Corp. (NASDAQ:DLHCGet Free Report) major shareholder Mink Brook Asset Management Ll bought 5,640 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was purchased at an average cost of $5.25 per share, with a total value of $29,610.00. Following the transaction, the insider directly owned 2,127,376 shares in the company, valued at approximately $11,168,724. This represents a 0.27% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 Monday, July 6th, Mink Brook Asset Management Ll purchased 9,422 shares of DLH stock. The shares were purchased at an average price of $5.19 per share, for a total transaction of $48,900.18.
  • 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 shares were purchased 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 shares were acquired at an average price 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 stock was acquired 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 purchased 3,739 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value of $20,564.50.
  • On Tuesday, June 23rd, Mink Brook Asset Management Ll purchased 110 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, with a total value of $605.00.
  • On Monday, June 22nd, Mink Brook Asset Management Ll purchased 624 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, with a total value of $3,432.00.
  • On Thursday, June 18th, Mink Brook Asset Management Ll acquired 6,460 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $35,530.00.
  • On Wednesday, June 17th, Mink Brook Asset Management Ll acquired 2,733 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, for a total transaction of $15,031.50.

DLH Stock Down 2.5%

Shares of NASDAQ DLHC traded down $0.13 on Monday, reaching $5.13. 37,342 shares of the company’s stock traded hands, compared to its average volume of 30,285. The business’s 50 day simple moving average is $5.56 and its two-hundred day simple moving average is $5.71. DLH Holdings Corp. has a 12 month low of $5.12 and a 12 month high of $8.10. The company has a market cap of $74.33 million, a price-to-earnings ratio of -17.10 and a beta of 1.45. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.00.

DLH (NASDAQ:DLHCGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $59.27 million during the quarter, compared to analysts’ expectations of $58.00 million. As a group, equities research analysts forecast that DLH Holdings Corp. will post -0.59 EPS for the current fiscal year.

Institutional Trading of DLH

Institutional investors and hedge funds have recently modified their holdings of the business. Mink Brook Asset Management LLC raised its position in DLH by 2.3% in the 4th quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock worth $14,836,000 after buying an additional 59,498 shares during the last quarter. Vanguard Group Inc. boosted 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 valued at $2,795,000 after acquiring an additional 5,735 shares during the last quarter. Rothschild Wealth LLC purchased a new position in shares of DLH during the fourth quarter valued at approximately $928,000. North Star Investment Management Corp. bought a new position in DLH during the first quarter valued at approximately $786,000. Finally, State Street Corp lifted its position in DLH by 28.7% during the fourth quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock valued at $337,000 after purchasing an additional 13,300 shares during the period. Institutional investors own 67.25% of the company’s stock.

Analyst Ratings Changes

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

Read Our Latest Stock Report on DLH

DLH Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for DLH (NASDAQ:DLHC)

Receive News & Ratings for DLH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DLH and related companies with MarketBeat.com's FREE daily email newsletter.