Mink Brook Asset Management Ll Acquires 3,569 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 3,569 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was acquired at an average price of $5.50 per share, with a total value of $19,629.50. Following the purchase, the insider owned 1,935,094 shares in the company, valued at $10,643,017. This represents a 0.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, January 8th, Mink Brook Asset Management Ll purchased 1,458 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $8,019.00.
• On Thursday, December 18th, Mink Brook Asset Management Ll acquired 78 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $429.00.
• On Wednesday, December 17th, Mink Brook Asset Management Ll bought 44,208 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, with a total value of $243,144.00.
• On Thursday, December 11th, Mink Brook Asset Management Ll bought 924 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $5,082.00.
• On Monday, October 20th, Mink Brook Asset Management Ll purchased 202 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, for a total transaction of $1,111.00.
• On Friday, October 17th, Mink Brook Asset Management Ll purchased 645 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $3,547.50.
• On Thursday, October 16th, Mink Brook Asset Management Ll acquired 165 shares of DLH stock. The shares were bought at an average price of $5.50 per share, with a total value of $907.50.

DLH Stock Performance

DLHC opened at $5.78 on Friday. The firm’s fifty day simple moving average is $5.87 and its two-hundred day simple moving average is $5.72. DLH Holdings Corp. has a 52-week low of $2.72 and a 52-week high of $8.25. The company has a market cap of $83.75 million, a price-to-earnings ratio of 57.81 and a beta of 1.57. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.06.

DLH (NASDAQ:DLHC) last released its earnings results on Wednesday, December 10th. The business services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). The company had revenue of $81.16 million for the quarter, compared to analysts’ expectations of $83.50 million. DLH had a return on equity of 1.21% and a net margin of 0.40%.During the same period in the prior year, the firm earned $0.16 EPS. Equities analysts anticipate that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on DLHC shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a research note on Wednesday, October 8th. Zacks Research downgraded DLH from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 17th. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On DLH

A number of large investors have recently made changes to their positions in DLHC. Mink Brook Asset Management LLC lifted its position in DLH by 64.5% during the second quarter. Mink Brook Asset Management LLC now owns 2,366,765 shares of the business services provider’s stock worth $13,822,000 after buying an additional 928,258 shares in the last quarter. RBF Capital LLC purchased a new stake in DLH in the 2nd quarter valued at $1,314,000. Minerva Advisors LLC increased its stake in shares of DLH by 9.1% in the 2nd quarter. Minerva Advisors LLC now owns 1,110,743 shares of the business services provider’s stock worth $6,442,000 after acquiring an additional 92,346 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of DLH during the 2nd quarter worth $239,000. Finally, Bank of America Corp DE boosted its position in shares of DLH by 31.9% during the 4th 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. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

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.