Mink Brook Asset Management Ll Buys 5,000 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 5,000 shares of DLH stock in a transaction on Thursday, July 9th. The shares were purchased at an average cost of $5.13 per share, for a total transaction of $25,650.00. Following the acquisition, the insider owned 2,149,073 shares in the company, valued at $11,024,744.49. The trade was a 0.23% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% 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 Wednesday, July 8th, Mink Brook Asset Management Ll purchased 2,275 shares of DLH stock. The stock was purchased at an average price of $5.14 per share, with a total value of $11,693.50.
• On Tuesday, July 7th, Mink Brook Asset Management Ll acquired 5,000 shares of DLH stock. The shares were purchased at an average price 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 stock was acquired at an average cost 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 acquired at an average price of $5.25 per share, with a total value of $29,610.00.
• On Tuesday, June 30th, Mink Brook Asset Management Ll bought 4,543 shares of DLH stock. The shares were acquired at an average cost of $5.25 per share, for a total transaction of $23,850.75.
• On Monday, June 29th, Mink Brook Asset Management Ll bought 640 shares of DLH stock. The shares were 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 purchased 15,280 shares of DLH stock. The stock was acquired 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 stock was acquired 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 purchased 3,739 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $20,564.50.
• On Tuesday, June 23rd, Mink Brook Asset Management Ll acquired 110 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, with a total value of $605.00.

DLH Stock Performance

DLHC traded down $0.05 on Friday, hitting $5.03. 18,055 shares of the company’s stock were exchanged, compared to its average volume of 138,079. The firm has a market cap of $72.88 million, a PE ratio of -16.77 and a beta of 1.45. DLH Holdings Corp. has a twelve month low of $5.03 and a twelve month high of $8.10. The stock has a fifty day moving average of $5.48 and a two-hundred day moving average of $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 issued its earnings results 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 the consensus estimate of $58.00 million. DLH had a negative return on equity of 4.00% and a negative net margin of 1.53%. On average, research analysts anticipate that DLH Holdings Corp. will post -0.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DLHC. Zacks Research raised DLH from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a report on Monday, April 20th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, DLH has a consensus rating of “Reduce”.

Hedge Funds Weigh In On DLH

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings in DLH by 31.9% during 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 period. Vanguard Group Inc. grew its stake in shares of 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 during the last quarter. Jane Street Group LLC acquired a new stake in DLH during the fourth quarter valued at approximately $58,000. Qube Research & Technologies Ltd bought a new stake in DLH during the second quarter worth approximately $73,000. Finally, State Street Corp grew its position in DLH by 28.7% in the fourth quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock worth $337,000 after buying an additional 13,300 shares during the last quarter. Institutional investors own 67.25% of the company’s stock.

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.