DLH (NASDAQ:DLHC) Major Shareholder Buys $51,386.50 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 9,343 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $51,386.50. Following the acquisition, the insider directly owned 2,101,273 shares in the company, valued at $11,557,001.50. This represents a 0.45% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Mink Brook Asset Management Ll also recently made the following trade(s):

• On Friday, June 26th, Mink Brook Asset Management Ll bought 15,280 shares of DLH stock. The stock was purchased at an average price of $5.28 per share, with a total value of $80,678.40.
• On Wednesday, June 24th, Mink Brook Asset Management Ll bought 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 bought 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.
• On Monday, June 22nd, Mink Brook Asset Management Ll purchased 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 purchased 6,460 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $35,530.00.
• On Wednesday, June 17th, Mink Brook Asset Management Ll acquired 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.
• On Tuesday, June 16th, Mink Brook Asset Management Ll acquired 3,859 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, with a total value of $21,224.50.
• On Tuesday, June 9th, Mink Brook Asset Management Ll bought 71 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $390.50.
• On Monday, June 8th, Mink Brook Asset Management Ll bought 49 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $269.50.
• On Tuesday, June 2nd, Mink Brook Asset Management Ll purchased 7,494 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $41,217.00.

DLH Stock Performance

NASDAQ:DLHC opened at $5.29 on Monday. The firm has a market capitalization of $76.71 million, a PE ratio of -17.65 and a beta of 1.45. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.00. DLH Holdings Corp. has a 12-month low of $5.12 and a 12-month high of $8.10. The firm has a 50-day moving average price of $5.65 and a 200 day moving average price of $5.73.

DLH (NASDAQ:DLHC) last released its quarterly earnings data on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share 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 analyst estimates of $58.00 million. Research analysts anticipate that DLH Holdings Corp. will post -0.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in DLH during the 4th quarter worth about $58,000. Bank of America Corp DE raised its stake 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 worth $62,000 after acquiring an additional 1,855 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of DLH during the second quarter worth approximately $73,000. Strs Ohio acquired a new position in shares of DLH during the first quarter worth approximately $185,000. Finally, Sandia Investment Management LP bought a new stake in shares of DLH during the fourth quarter valued at approximately $197,000. Institutional investors and hedge funds own 67.25% of the company’s stock.

DLH News Roundup

Here are the key news stories impacting DLH this week:

• Positive Sentiment: DLH announced it won a multiple-award IDIQ contract to provide logistics information technology services for the U.S. Navy, with a five-year base period and a ceiling of up to $250 million across all awardees. The award expands DLH’s potential revenue pipeline and strengthens its position in defense IT and modernization work. DLH Contract Award Opens New Growth Channels with U.S Navy
• Positive Sentiment: Major shareholder Mink Brook Asset Management increased its stake again, buying shares on June 25 and June 26 at around $5.28 to $5.50 per share. Repeated insider accumulation can signal confidence in DLH’s prospects and may help support sentiment. SEC Form 4 filing
• Neutral Sentiment: Recent short-interest data showed no reported short interest as of June 25, so there is no clear bearish positioning signal from that update.
• Negative Sentiment: DLH’s broader fundamentals remain weak: its latest earnings missed EPS estimates, revenue is down year over year, and analysts still rate the stock around “Reduce.” Those factors may limit upside even after the Navy contract news.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. Zacks Research raised DLH from a “strong sell” rating to a “hold” rating in a 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 stock. According to data from MarketBeat.com, DLH 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.