DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Acquires 22,057 Shares

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 22,057 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $121,313.50. Following the completion of the purchase, the insider owned 1,975,147 shares of the company’s stock, valued at approximately $10,863,308.50. This represents a 1.13% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 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 Tuesday, February 17th, Mink Brook Asset Management Ll acquired 2,642 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value of $14,531.00.
• On Friday, February 13th, Mink Brook Asset Management Ll bought 319 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $1,754.50.
• On Thursday, February 12th, Mink Brook Asset Management Ll purchased 13,577 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $74,673.50.
• On Thursday, January 8th, Mink Brook Asset Management Ll acquired 1,458 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $8,019.00.
• On Wednesday, January 7th, Mink Brook Asset Management Ll bought 3,569 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $19,629.50.
• On Thursday, December 18th, Mink Brook Asset Management Ll bought 78 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $429.00.
• On Wednesday, December 17th, Mink Brook Asset Management Ll acquired 44,208 shares of DLH stock. The stock was purchased 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 acquired 924 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $5,082.00.

DLH Price Performance

Shares of DLHC stock opened at $5.49 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $79.55 million, a PE ratio of -78.42 and a beta of 1.60. The firm’s 50-day moving average is $5.71 and its two-hundred day moving average is $5.74. DLH Holdings Corp. has a 12 month low of $2.72 and a 12 month high of $8.10.

DLH (NASDAQ:DLHC) last announced its quarterly earnings results on Monday, February 9th. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). DLH had a negative return on equity of 0.95% and a negative net margin of 0.33%.The firm had revenue of $68.89 million for the quarter, compared to analyst estimates of $70.15 million. Analysts predict that DLH Holdings Corp. will post -0.13 earnings per share for the current year.

Hedge Funds Weigh In On DLH

A number of hedge funds and other institutional investors have recently bought and sold shares of DLHC. Jane Street Group LLC purchased a new stake in DLH during the fourth quarter worth about $58,000. Bank of America Corp DE grew its holdings 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 purchasing an additional 1,855 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in DLH during the 2nd quarter worth approximately $73,000. Quadrature Capital Ltd acquired a new stake in DLH during the 2nd quarter worth approximately $89,000. Finally, Strs Ohio acquired a new stake in DLH during the 1st quarter worth approximately $185,000. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DLHC has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a research report on Wednesday, January 21st. Zacks Research cut shares of DLH from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 17th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, DLH currently has a consensus rating of “Sell”.

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.