DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Purchases 9,343 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 9,343 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were bought at an average cost of $5.50 per share, with a total value of $51,386.50. Following the completion of the transaction, the insider owned 2,101,273 shares in the company, valued at $11,557,001.50. The trade was a 0.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, June 26th, Mink Brook Asset Management Ll purchased 15,280 shares of DLH stock. The stock was bought at an average price of $5.28 per share, for a total transaction of $80,678.40.
• On Wednesday, June 24th, Mink Brook Asset Management Ll purchased 3,739 shares of DLH stock. The stock was bought 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 bought at an average cost of $5.50 per share, with a total value of $605.00.
• On Monday, June 22nd, Mink Brook Asset Management Ll acquired 624 shares of DLH stock. The shares were bought 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 bought 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 bought 2,733 shares of DLH stock. The stock was bought at an average price of $5.50 per share, for a total transaction of $15,031.50.
• On Tuesday, June 16th, Mink Brook Asset Management Ll bought 3,859 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $21,224.50.
• On Tuesday, June 9th, Mink Brook Asset Management Ll bought 71 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $390.50.
• On Monday, June 8th, Mink Brook Asset Management Ll purchased 49 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $269.50.
• On Tuesday, June 2nd, Mink Brook Asset Management Ll purchased 7,494 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $41,217.00.

DLH Trading Down 3.7%

Shares of NASDAQ:DLHC traded down $0.21 during trading on Friday, reaching $5.29. The stock had a trading volume of 207,858 shares, compared to its average volume of 29,671. DLH Holdings Corp. has a 52 week low of $5.12 and a 52 week high of $8.10. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.87 and a current ratio of 0.87. The firm’s fifty day moving average is $5.66 and its 200 day moving average is $5.73. The stock has a market cap of $76.73 million, a price-to-earnings ratio of -17.65 and a beta of 1.45.

DLH (NASDAQ:DLHC) last announced its earnings results on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The firm had revenue of $59.27 million for 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%. As a group, equities analysts forecast that DLH Holdings Corp. will post -0.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DLHC shares. Zacks Research upgraded DLH from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, DLH has a consensus rating of “Reduce”.

Institutional Trading of DLH

Large investors have recently made changes to their positions in the company. Mink Brook Asset Management LLC increased its position in DLH by 8.4% in the 3rd 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 buying an additional 199,584 shares in the last quarter. Rothschild Wealth LLC bought a new position in DLH in the fourth quarter worth approximately $928,000. North Star Investment Management Corp. bought a new position in DLH in the first quarter worth approximately $786,000. Strs Ohio acquired a new stake in DLH in the first quarter valued at approximately $185,000. Finally, Sandia Investment Management LP acquired a new stake in DLH in the fourth quarter valued at approximately $197,000. 67.25% of the stock is currently 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.