DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Buys 6,460 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 6,460 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were acquired at an average price of $5.50 per share, for a total transaction of $35,530.00. Following the completion of the transaction, the insider owned 2,087,457 shares in the company, valued at $11,481,013.50. This represents a 0.31% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more 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 Monday, June 22nd, Mink Brook Asset Management Ll purchased 624 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $3,432.00.
• On Wednesday, June 17th, Mink Brook Asset Management Ll purchased 2,733 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $15,031.50.
• On Tuesday, June 16th, Mink Brook Asset Management Ll purchased 3,859 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, with a total value of $21,224.50.
• On Tuesday, June 9th, Mink Brook Asset Management Ll acquired 71 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $390.50.
• On Monday, June 8th, Mink Brook Asset Management Ll acquired 49 shares of DLH stock. The stock was bought at an average price of $5.50 per share, for a total transaction of $269.50.
• On Tuesday, June 2nd, Mink Brook Asset Management Ll acquired 7,494 shares of DLH stock. The stock was bought at an average price of $5.50 per share, for a total transaction of $41,217.00.
• On Wednesday, May 27th, Mink Brook Asset Management Ll bought 3,223 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $17,726.50.
• On Thursday, May 21st, Mink Brook Asset Management Ll bought 1,584 shares of DLH stock. The shares were bought at an average price of $5.50 per share, with a total value of $8,712.00.
• On Wednesday, May 20th, Mink Brook Asset Management Ll bought 120 shares of DLH stock. The shares were bought at an average price of $5.50 per share, with a total value of $660.00.
• On Tuesday, May 19th, Mink Brook Asset Management Ll purchased 2,397 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, for a total transaction of $13,183.50.

DLH Stock Performance

Shares of NASDAQ:DLHC opened at $5.52 on Tuesday. The business’s fifty day moving average price is $5.70 and its two-hundred day moving average price is $5.74. DLH Holdings Corp. has a fifty-two week low of $5.35 and a fifty-two week high of $8.10. The stock has a market capitalization of $79.98 million, a price-to-earnings ratio of -18.40 and a beta of 1.45. 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 (NASDAQ:DLHC) last issued 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). DLH had a negative net margin of 1.53% and a negative return on equity of 4.00%. The company had revenue of $59.27 million for the quarter, compared to the consensus estimate of $58.00 million. As a group, analysts predict that DLH Holdings Corp. will post -0.59 EPS for the current fiscal year.

Hedge Funds Weigh In On DLH

Several large investors have recently made changes to their positions in DLHC. Mink Brook Asset Management LLC lifted its stake in DLH by 8.4% in the third quarter. Mink Brook Asset Management LLC now owns 2,566,349 shares of the business services provider’s stock valued at $14,500,000 after buying an additional 199,584 shares during the period. Minerva Advisors LLC increased its stake in shares of DLH by 0.5% in the 3rd quarter. Minerva Advisors LLC now owns 1,116,802 shares of the business services provider’s stock valued at $6,310,000 after acquiring an additional 6,059 shares during the last quarter. Sandia Investment Management LP bought a new stake in shares of DLH in the 4th quarter valued at about $197,000. Rothschild Wealth LLC acquired a new stake in shares of DLH in the 4th quarter valued at approximately $928,000. Finally, State Street Corp boosted its stake in DLH by 28.7% during the 4th 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 during the last quarter. Institutional investors and hedge funds own 67.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on DLHC shares. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a research report on Monday, April 20th. Zacks Research raised 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

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.