Insider Buying: DLH (NASDAQ:DLHC) Major Shareholder Acquires $19,629.50 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 3,569 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $19,629.50. Following the completion of the acquisition, the insider owned 1,935,094 shares of the company’s stock, valued at approximately $10,643,017. The trade was a 0.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 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 Thursday, January 8th, Mink Brook Asset Management Ll bought 1,458 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value of $8,019.00.
• On Thursday, December 18th, Mink Brook Asset Management Ll purchased 78 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $429.00.
• On Wednesday, December 17th, Mink Brook Asset Management Ll purchased 44,208 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $243,144.00.
• On Thursday, December 11th, Mink Brook Asset Management Ll acquired 924 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value of $5,082.00.
• On Monday, October 20th, Mink Brook Asset Management Ll bought 202 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $1,111.00.
• On Friday, October 17th, Mink Brook Asset Management Ll bought 645 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $3,547.50.
• On Thursday, October 16th, Mink Brook Asset Management Ll purchased 165 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $907.50.

DLH Price Performance

Shares of NASDAQ DLHC opened at $5.78 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.00 and a current ratio of 1.00. DLH Holdings Corp. has a fifty-two week low of $2.72 and a fifty-two week high of $8.25. The stock has a market cap of $83.75 million, a PE ratio of 57.81 and a beta of 1.57. The stock has a fifty day moving average of $5.87 and a 200-day moving average of $5.72.

DLH (NASDAQ:DLHC) last issued its earnings results on Wednesday, December 10th. The business services provider reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.08). The company had revenue of $81.16 million during the quarter, compared to the consensus estimate of $83.50 million. DLH had a return on equity of 1.21% and a net margin of 0.40%.During the same quarter in the prior year, the business earned $0.16 EPS. Equities research analysts anticipate that DLH Holdings Corp. will post -0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DLHC has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a report on Wednesday, October 8th. Zacks Research lowered shares of DLH from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 17th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Trading of DLH

A number of hedge funds have recently made changes to their positions in DLHC. Bank of America Corp DE increased 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 acquiring an additional 1,855 shares during the last quarter. Jane Street Group LLC bought a new position in shares of DLH during the 2nd quarter valued at about $65,000. Qube Research & Technologies Ltd bought a new position in shares of DLH during the 2nd quarter valued at about $73,000. Quadrature Capital Ltd purchased a new position in shares of DLH during the 2nd quarter valued at about $89,000. Finally, Strs Ohio bought a new stake in DLH in the 1st quarter worth approximately $185,000. 67.25% of the stock is owned by institutional investors.

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.