DLH (NASDAQ:DLHC) Major Shareholder Acquires $29,610.00 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 5,640 shares of DLH stock in a transaction on Thursday, July 2nd. The shares were acquired at an average cost of $5.25 per share, for a total transaction of $29,610.00. Following the completion of the acquisition, the insider directly owned 2,127,376 shares in the company, valued at approximately $11,168,724. The trade was a 0.27% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, July 8th, Mink Brook Asset Management Ll purchased 2,275 shares of DLH stock. The shares were acquired at an average cost of $5.14 per share, with a total value of $11,693.50.
• On Tuesday, July 7th, Mink Brook Asset Management Ll purchased 5,000 shares of DLH stock. The shares were acquired at an average price of $5.17 per share, for a total transaction of $25,850.00.
• On Monday, July 6th, Mink Brook Asset Management Ll acquired 9,422 shares of DLH stock. The stock was acquired at an average cost 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 bought 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 bought 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 bought 15,280 shares of DLH stock. The shares were bought at an average cost 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 shares were bought 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 bought 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 purchased 110 shares of DLH stock. The stock was bought 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 stock was bought at an average cost of $5.50 per share, with a total value of $3,432.00.

DLH Price Performance

Shares of DLHC opened at $5.17 on Thursday. The business has a 50-day moving average of $5.51 and a 200-day moving average of $5.70. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $74.91 million, a price-to-earnings ratio of -17.23 and a beta of 1.45. DLH Holdings Corp. has a 1 year low of $5.10 and a 1 year high of $8.10.

DLH (NASDAQ:DLHC) last announced its earnings results on Wednesday, May 6th. The business services provider reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The company had revenue of $59.27 million during the quarter, compared to the consensus estimate of $58.00 million. DLH had a negative net margin of 1.53% and a negative return on equity of 4.00%. As a group, equities research analysts anticipate that DLH Holdings Corp. will post -0.59 earnings per share for the current year.

Institutional Investors Weigh In On DLH

Several large investors have recently added to or reduced their stakes in 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 during the period. Jane Street Group LLC acquired a new stake in shares of DLH during the 4th quarter worth approximately $58,000. Qube Research & Technologies Ltd acquired a new stake in shares of DLH during the 2nd quarter worth approximately $73,000. Sandia Investment Management LP bought a new stake in shares of DLH in the 4th quarter valued at $197,000. Finally, Strs Ohio bought a new stake in shares of DLH in the 1st quarter valued at $185,000. Institutional investors and hedge funds own 67.25% of the company’s stock.

Wall Street Analysts Forecast Growth

DLHC has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a research report on Monday, April 20th. Zacks Research upgraded shares of DLH from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, DLH currently has a consensus 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.