DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Buys 3,739 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 3,739 shares of DLH stock in a transaction dated Wednesday, June 24th. The stock was bought at an average price of $5.50 per share, with a total value of $20,564.50. Following the completion of the purchase, the insider directly owned 2,091,930 shares of the company’s stock, valued at approximately $11,505,615. This trade represents a 0.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large 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 Tuesday, June 23rd, Mink Brook Asset Management Ll acquired 110 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction 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, for a total transaction of $3,432.00.
• On Thursday, June 18th, Mink Brook Asset Management Ll bought 6,460 shares of DLH stock. The stock was bought at an average price 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 cost of $5.50 per share, with a total value of $15,031.50.
• On Tuesday, June 16th, Mink Brook Asset Management Ll bought 3,859 shares of DLH stock. The shares were bought at an average price 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 bought at an average price 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 cost of $5.50 per share, for a total transaction 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.
• On Wednesday, May 27th, Mink Brook Asset Management Ll purchased 3,223 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $17,726.50.
• On Thursday, May 21st, Mink Brook Asset Management Ll acquired 1,584 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $8,712.00.

DLH Stock Down 0.4%

DLH stock opened at $5.50 on Thursday. DLH Holdings Corp. has a one year low of $5.41 and a one year high of $8.10. The stock has a fifty day moving average of $5.67 and a 200 day moving average of $5.73. 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 stock has a market cap of $79.69 million, a PE ratio of -18.33 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 (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The firm had revenue of $59.27 million during the quarter, compared to analysts’ expectations 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, sell-side analysts predict that DLH Holdings Corp. will post -0.59 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DLHC. Bank of America Corp DE grew its stake 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 period. Jane Street Group LLC bought a new stake in DLH during the 4th quarter worth approximately $58,000. Qube Research & Technologies Ltd bought a new stake in DLH during the 2nd quarter worth approximately $73,000. Sandia Investment Management LP bought a new stake in DLH during the 4th quarter worth approximately $197,000. Finally, Strs Ohio purchased a new position in DLH during the first quarter valued at approximately $185,000. Institutional investors own 67.25% of the company’s stock.

Analysts Set New Price Targets

DLHC has been the subject of several recent research reports. Zacks Research upgraded shares of DLH from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

DLH Company Profile

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.