DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Buys 5,640 Shares

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 5,640 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were bought at an average cost of $5.25 per share, for a total transaction of $29,610.00. Following the completion of the acquisition, the insider directly owned 2,127,376 shares of the company’s stock, valued at approximately $11,168,724. The trade was a 0.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large 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 Monday, July 6th, Mink Brook Asset Management Ll purchased 9,422 shares of DLH stock. The shares were purchased at an average cost of $5.19 per share, with a total value of $48,900.18.
• On Tuesday, June 30th, Mink Brook Asset Management Ll purchased 4,543 shares of DLH stock. The shares were purchased at an average price of $5.25 per share, for a total transaction of $23,850.75.
• On Monday, June 29th, Mink Brook Asset Management Ll acquired 640 shares of DLH stock. The stock was purchased 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 purchased at an average price of $5.28 per share, with a total value of $80,678.40.
• On Thursday, June 25th, Mink Brook Asset Management Ll bought 9,343 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $51,386.50.
• 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, 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 acquired at an average price of $5.50 per share, for a total transaction of $605.00.
• On Monday, June 22nd, Mink Brook Asset Management Ll acquired 624 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, with a total value of $3,432.00.
• On Thursday, June 18th, Mink Brook Asset Management Ll acquired 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, for a total transaction of $15,031.50.

DLH Trading Down 1.5%

Shares of DLH stock opened at $5.18 on Tuesday. The stock has a market cap of $75.04 million, a PE ratio of -17.27 and a beta of 1.45. The firm has a fifty day moving average price of $5.54 and a 200 day moving average price of $5.70. DLH Holdings Corp. has a 1 year low of $5.12 and a 1 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.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DLHC. Mink Brook Asset Management LLC raised its holdings in shares of DLH by 8.4% during 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 acquiring an additional 199,584 shares during the last quarter. Rothschild Wealth LLC purchased a new position in shares of DLH during the 4th quarter worth $928,000. North Star Investment Management Corp. acquired a new position in shares of DLH during the 1st quarter valued at about $786,000. Strs Ohio purchased a new stake in shares of DLH in the first quarter valued at about $185,000. Finally, Sandia Investment Management LP acquired a new stake in DLH during the fourth quarter worth about $197,000. Institutional investors and hedge funds own 67.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DLHC shares. Zacks Research raised DLH from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a research report on Monday, April 20th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. 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.