Insider Buying: DLH (NASDAQ:DLHC) Major Shareholder Acquires $11,693.50 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 2,275 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were bought at an average price of $5.14 per share, for a total transaction of $11,693.50. Following the acquisition, the insider directly owned 2,144,073 shares of the company’s stock, valued at $11,020,535.22. This represents a 0.11% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large 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 Thursday, July 9th, Mink Brook Asset Management Ll purchased 5,000 shares of DLH stock. The stock was bought at an average price of $5.13 per share, with a total value of $25,650.00.
• On Tuesday, July 7th, Mink Brook Asset Management Ll purchased 5,000 shares of DLH stock. The shares were bought at an average cost 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 shares were bought at an average price of $5.19 per share, for a total transaction of $48,900.18.
• On Thursday, July 2nd, Mink Brook Asset Management Ll acquired 5,640 shares of DLH stock. The shares were bought at an average price of $5.25 per share, for a total transaction of $29,610.00.
• On Tuesday, June 30th, Mink Brook Asset Management Ll acquired 4,543 shares of DLH stock. The stock was bought at an average cost 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 bought 15,280 shares of DLH stock. The shares were purchased 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 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 purchased 3,739 shares of DLH stock. The shares were purchased at an average cost 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 purchased at an average price of $5.50 per share, with a total value of $605.00.

DLH Stock Performance

Shares of DLHC opened at $5.03 on Friday. The company has a market cap of $72.88 million, a PE ratio of -16.77 and a beta of 1.45. The firm has a 50-day moving average of $5.48 and a 200-day moving average of $5.69. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.87 and a quick ratio of 0.87. DLH Holdings Corp. has a one year low of $5.03 and a one year high of $8.10.

DLH (NASDAQ:DLHC) 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 firm had revenue of $59.27 million for the quarter, compared to the consensus estimate of $58.00 million. As a group, equities analysts forecast that DLH Holdings Corp. will post -0.59 earnings per share for the current year.

Institutional Investors Weigh In On DLH

A number of institutional investors and hedge funds have recently modified their holdings of DLHC. Bank of America Corp DE boosted its position in shares of 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 period. Strs Ohio bought a new stake in DLH during the 1st quarter worth approximately $185,000. Qube Research & Technologies Ltd bought a new stake in DLH during the 2nd quarter worth approximately $73,000. Jane Street Group LLC purchased a new stake in DLH in the 2nd quarter worth approximately $65,000. Finally, Vanguard Group Inc. lifted its stake in DLH by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock worth $2,795,000 after purchasing an additional 5,735 shares in the last quarter. 67.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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