Mink Brook Asset Management Ll Buys 4,408 Shares of DLH Holdings Corp. (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHCGet Free Report) major shareholder Mink Brook Asset Management Ll acquired 4,408 shares of DLH stock in a transaction dated Tuesday, June 10th. The stock was purchased at an average price of $5.49 per share, with a total value of $24,199.92. Following the completion of the purchase, the insider now owns 1,504,096 shares of the company’s stock, valued at approximately $8,257,487.04. The trade was a 0.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Thursday, June 12th, Mink Brook Asset Management Ll purchased 19,561 shares of DLH stock. The stock was bought at an average cost of $5.44 per share, with a total value of $106,411.84.
  • On Wednesday, June 11th, Mink Brook Asset Management Ll purchased 21,210 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $116,655.00.
  • On Monday, June 9th, Mink Brook Asset Management Ll acquired 4,786 shares of DLH stock. The stock was bought at an average price of $5.48 per share, for a total transaction of $26,227.28.
  • On Friday, June 6th, Mink Brook Asset Management Ll purchased 17,160 shares of DLH stock. The stock was purchased at an average price of $5.47 per share, with a total value of $93,865.20.
  • On Thursday, June 5th, Mink Brook Asset Management Ll bought 357 shares of DLH stock. The stock was purchased at an average cost of $5.13 per share, with a total value of $1,831.41.
  • On Thursday, May 29th, Mink Brook Asset Management Ll acquired 964 shares of DLH stock. The stock was purchased at an average price of $4.97 per share, with a total value of $4,791.08.
  • On Wednesday, May 28th, Mink Brook Asset Management Ll acquired 416 shares of DLH stock. The stock was acquired at an average cost of $5.00 per share, for a total transaction of $2,080.00.
  • On Tuesday, May 27th, Mink Brook Asset Management Ll purchased 90 shares of DLH stock. The shares were bought at an average cost of $5.00 per share, for a total transaction of $450.00.
  • On Friday, May 23rd, Mink Brook Asset Management Ll acquired 2,561 shares of DLH stock. The stock was purchased at an average price of $4.98 per share, for a total transaction of $12,753.78.
  • On Thursday, May 22nd, Mink Brook Asset Management Ll purchased 1,230 shares of DLH stock. The stock was bought at an average cost of $5.00 per share, for a total transaction of $6,150.00.

DLH Trading Up 1.3%

NASDAQ DLHC opened at $5.53 on Friday. The company has a market capitalization of $79.55 million, a PE ratio of 12.57 and a beta of 1.33. The firm’s fifty day simple moving average is $4.32 and its 200-day simple moving average is $5.78. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.21. DLH Holdings Corp. has a 1-year low of $2.72 and a 1-year high of $11.99.

DLH (NASDAQ:DLHCGet Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $89.21 million during the quarter, compared to the consensus estimate of $90.00 million. DLH had a net margin of 1.64% and a return on equity of 5.82%. As a group, sell-side analysts anticipate that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen cut DLH from a “buy” rating to a “hold” rating in a report on Saturday, May 17th.

Check Out Our Latest Stock Analysis on DLHC

Institutional Trading of DLH

A number of hedge funds and other institutional investors have recently made changes to their positions in DLHC. Bard Associates Inc. bought a new stake in shares of DLH during the 1st quarter valued at $43,000. Nuveen LLC bought a new stake in shares of DLH in the first quarter worth $44,000. Bank of America Corp DE increased its position 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 valued at $62,000 after acquiring an additional 1,855 shares during the last quarter. Corton Capital Inc. bought a new position in shares of DLH in the 1st quarter valued at about $71,000. Finally, Wealthedge Investment Advisors LLC bought a new stake in DLH in the fourth quarter valued at approximately $114,000. 67.25% of the stock is currently owned by institutional investors and hedge funds.

About DLH

(Get Free Report)

DLH Holdings Corp. provides technology-enabled business process outsourcing, program management solutions, and public health research and analytics services in the United States. It offers digital transformation and cyber security solutions, including artificial intelligence and machine learning, cloud enablement, cybersecurity ecosystem, big data analytics, and modeling and simulation to the National Institutes of Health (NIH), the Defense Health Agency, Tele-medicine and Advanced Technology Research Center, and US Navy Naval Information Warfare Center (NIWC).

Further Reading

Insider Buying and Selling by Quarter for DLH (NASDAQ:DLHC)

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