Insider Buying: DLH (NASDAQ:DLHC) Major Shareholder Buys $25,850.00 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 5,000 shares of the stock in a transaction on Tuesday, July 7th. The shares were acquired at an average cost of $5.17 per share, for a total transaction of $25,850.00. Following the completion of the transaction, the insider directly owned 2,141,798 shares of the company’s stock, valued at approximately $11,073,095.66. The trade was a 0.23% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more 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 acquired 5,000 shares of DLH stock. The shares were bought at an average cost of $5.13 per share, for a total transaction of $25,650.00.
• On Wednesday, July 8th, Mink Brook Asset Management Ll purchased 2,275 shares of DLH stock. The shares were bought at an average price of $5.14 per share, for a total transaction of $11,693.50.
• On Monday, July 6th, Mink Brook Asset Management Ll acquired 9,422 shares of DLH stock. The stock was purchased at an average price of $5.19 per share, with a total value of $48,900.18.
• On Thursday, July 2nd, Mink Brook Asset Management Ll bought 5,640 shares of DLH stock. The shares were purchased at an average cost 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 acquired 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 acquired at an average cost of $5.25 per share, for a total transaction of $3,360.00.
• On Friday, June 26th, Mink Brook Asset Management Ll acquired 15,280 shares of DLH stock. The stock was acquired 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 purchased 9,343 shares of DLH stock. The stock was bought at an average price of $5.50 per share, for a total transaction of $51,386.50.
• On Wednesday, June 24th, Mink Brook Asset Management Ll bought 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 cost of $5.50 per share, with a total value of $605.00.

DLH Price Performance

Shares of NASDAQ:DLHC opened at $5.03 on Friday. The firm has a market capitalization of $72.88 million, a PE ratio of -16.77 and a beta of 1.45. DLH Holdings Corp. has a 1-year low of $5.03 and a 1-year high of $8.10. The business’s 50 day moving average is $5.48 and its 200-day moving average is $5.69. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00.

DLH (NASDAQ:DLHC) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $58.00 million. DLH had a negative net margin of 1.53% and a negative return on equity of 4.00%. Sell-side analysts predict that DLH Holdings Corp. will post -0.59 earnings per share for the current year.

Hedge Funds Weigh In On DLH

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mink Brook Asset Management LLC grew its holdings in DLH by 2.3% during the fourth quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock valued at $14,836,000 after purchasing an additional 59,498 shares during the period. Vanguard Group Inc. lifted 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 purchasing an additional 5,735 shares in the last quarter. Rothschild Wealth LLC bought a new stake in DLH during the 4th quarter worth approximately $928,000. North Star Investment Management Corp. acquired a new stake in DLH during the 1st quarter worth approximately $786,000. Finally, State Street Corp increased its position in shares of DLH by 28.7% during the fourth quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock worth $337,000 after acquiring an additional 13,300 shares in the last quarter. Institutional investors own 67.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DLHC shares. 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 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 MarketBeat, the company 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.