DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Purchases 68,547 Shares

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 68,547 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $5.50 per share, for a total transaction of $377,008.50. Following the acquisition, the insider directly owned 2,051,938 shares in the company, valued at approximately $11,285,659. This trade represents a 3.46% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more 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, May 14th, Mink Brook Asset Management Ll acquired 512 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $2,816.00.
• On Tuesday, April 7th, Mink Brook Asset Management Ll acquired 196 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $1,078.00.
• On Thursday, February 19th, Mink Brook Asset Management Ll acquired 8,048 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $44,264.00.
• On Wednesday, February 18th, Mink Brook Asset Management Ll acquired 22,057 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $121,313.50.
• On Tuesday, February 17th, Mink Brook Asset Management Ll acquired 2,642 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $14,531.00.
• On Friday, February 13th, Mink Brook Asset Management Ll bought 319 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $1,754.50.

DLH Stock Up 0.9%

DLHC traded up $0.05 on Thursday, hitting $5.55. 2,314 shares of the company were exchanged, compared to its average volume of 10,545. DLH Holdings Corp. has a twelve month low of $4.75 and a twelve month high of $8.10. The company has a market cap of $80.44 million, a price-to-earnings ratio of -18.50 and a beta of 1.47. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00. The firm has a 50-day moving average price of $5.85 and a two-hundred day moving average price of $5.84.

DLH (NASDAQ:DLHC) last released its 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). DLH had a negative return on equity of 4.00% and a negative net margin of 1.53%.The company had revenue of $59.27 million for the quarter, compared to analyst estimates of $58.00 million. On average, equities analysts predict that DLH Holdings Corp. will post -0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

DLHC has been the subject of several analyst reports. Weiss Ratings reissued 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 research note on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new position in shares of DLH during the 4th quarter worth about $58,000. 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 worth $62,000 after acquiring an additional 1,855 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of DLH during the 2nd quarter worth about $73,000. Strs Ohio acquired a new position in shares of DLH during the 1st quarter worth about $185,000. Finally, Sandia Investment Management LP acquired a new position in shares of DLH during the 4th quarter worth about $197,000. 67.25% of the stock is owned by institutional investors and hedge funds.

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.