DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Buys 9,422 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 9,422 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was purchased at an average price of $5.19 per share, for a total transaction of $48,900.18. Following the completion of the transaction, the insider directly owned 2,136,798 shares in the company, valued at $11,089,981.62. This trade represents a 0.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 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 Thursday, July 2nd, Mink Brook Asset Management Ll acquired 5,640 shares of DLH stock. The shares were purchased at an average price of $5.25 per share, with a total value of $29,610.00.
• On Tuesday, June 30th, Mink Brook Asset Management Ll acquired 4,543 shares of DLH stock. The shares were 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 bought 640 shares of DLH stock. The stock was 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 purchased 15,280 shares of DLH stock. The shares were purchased at an average cost of $5.28 per share, for a total transaction of $80,678.40.
• On Thursday, June 25th, Mink Brook Asset Management Ll purchased 9,343 shares of DLH stock. The shares were purchased 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 acquired 3,739 shares of DLH stock. The stock was purchased 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 acquired 110 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $605.00.
• On Monday, June 22nd, Mink Brook Asset Management Ll bought 624 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $3,432.00.
• On Thursday, June 18th, Mink Brook Asset Management Ll bought 6,460 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $35,530.00.
• On Wednesday, June 17th, Mink Brook Asset Management Ll purchased 2,733 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value of $15,031.50.

DLH Trading Down 1.5%

NASDAQ DLHC opened at $5.18 on Tuesday. DLH Holdings Corp. has a one year low of $5.12 and a one year high of $8.10. 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 firm has a market cap of $75.04 million, a P/E ratio of -17.27 and a beta of 1.45. The stock’s 50-day moving average is $5.54 and its 200-day moving average is $5.70.

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

Analyst Upgrades and Downgrades

DLHC has been the topic of a number of research analyst reports. Zacks Research upgraded shares of DLH from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a report on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in shares of DLH in the 4th quarter valued at approximately $58,000. 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 acquiring an additional 1,855 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of DLH in the 2nd quarter valued at about $73,000. Strs Ohio bought a new position in shares of DLH in the 1st quarter valued at about $185,000. Finally, Sandia Investment Management LP acquired a new position in shares of DLH during the 4th quarter worth about $197,000. 67.25% of the stock is currently owned by institutional investors.

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.