Mink Brook Asset Management Ll Acquires 4,000 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 4,000 shares of DLH stock in a transaction dated Tuesday, August 4th. The shares were bought at an average cost of $4.87 per share, with a total value of $19,480.00. Following the completion of the acquisition, the insider owned 2,171,165 shares of the company’s stock, valued at $10,573,573.55. The trade was a 0.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 Wednesday, August 5th, Mink Brook Asset Management Ll purchased 1,049 shares of DLH stock. The stock was bought at an average price of $4.84 per share, with a total value of $5,077.16.
• On Friday, July 31st, Mink Brook Asset Management Ll purchased 441 shares of DLH stock. The stock was bought at an average cost of $4.86 per share, for a total transaction of $2,143.26.
• On Thursday, July 30th, Mink Brook Asset Management Ll acquired 7,944 shares of DLH stock. The shares were bought at an average price of $4.96 per share, for a total transaction of $39,402.24.
• On Monday, July 27th, Mink Brook Asset Management Ll acquired 10 shares of DLH stock. The shares were purchased at an average cost of $5.09 per share, with a total value of $50.90.
• On Friday, July 24th, Mink Brook Asset Management Ll bought 391 shares of DLH stock. The stock was purchased at an average price of $5.10 per share, with a total value of $1,994.10.
• On Thursday, July 23rd, Mink Brook Asset Management Ll bought 79 shares of DLH stock. The stock was purchased at an average cost of $5.10 per share, for a total transaction of $402.90.
• On Monday, July 13th, Mink Brook Asset Management Ll purchased 4,407 shares of DLH stock. The shares were purchased at an average price of $5.09 per share, for a total transaction of $22,431.63.
• On Thursday, July 9th, Mink Brook Asset Management Ll purchased 5,000 shares of DLH stock. The shares were purchased at an average price of $5.13 per share, for a total transaction of $25,650.00.
• On Wednesday, July 8th, Mink Brook Asset Management Ll acquired 2,275 shares of DLH stock. The stock was purchased at an average cost of $5.14 per share, with a total value of $11,693.50.
• On Tuesday, July 7th, Mink Brook Asset Management Ll acquired 5,000 shares of DLH stock. The shares were purchased at an average price of $5.17 per share, for a total transaction of $25,850.00.

DLH Price Performance

Shares of NASDAQ:DLHC opened at $4.86 on Friday. The company’s fifty day moving average is $5.32 and its two-hundred day moving average is $5.62. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.13. DLH Holdings Corp. has a 12-month low of $4.71 and a 12-month high of $8.10. The company has a market cap of $70.42 million, a P/E ratio of -3.28 and a beta of 1.47.

DLH (NASDAQ:DLHC) last issued its earnings results on Wednesday, July 29th. The business services provider reported ($1.16) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.99). DLH had a negative return on equity of 10.42% and a negative net margin of 8.51%.The business had revenue of $44.23 million during the quarter, compared to analyst estimates of $50.00 million.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in DLH in the second quarter worth approximately $62,000. North Star Investment Management Corp. acquired a new stake in DLH in the first quarter valued at approximately $786,000. Sandia Investment Management LP acquired a new stake in DLH in the fourth quarter valued at approximately $197,000. Rothschild Wealth LLC bought a new stake in DLH in the fourth quarter worth approximately $928,000. Finally, Mink Brook Asset Management LLC grew its position in DLH by 2.3% in the fourth quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock worth $14,836,000 after acquiring an additional 59,498 shares in the last quarter. 67.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Noble Financial reissued an “outperform” rating on shares of DLH in a research report on Friday, July 31st. Zacks Research raised shares of DLH from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

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.