DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Buys $37,770.60 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 9,660 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were acquired at an average price of $3.91 per share, for a total transaction of $37,770.60. Following the completion of the acquisition, the insider now owns 1,358,522 shares in the company, valued at $5,311,821.02. This represents a 0.72 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, May 5th, Mink Brook Asset Management Ll purchased 10,065 shares of DLH stock. The stock was acquired at an average cost of $3.95 per share, with a total value of $39,756.75.
• On Wednesday, April 30th, Mink Brook Asset Management Ll acquired 6,097 shares of DLH stock. The shares were acquired at an average cost of $3.85 per share, for a total transaction of $23,473.45.
• On Monday, April 28th, Mink Brook Asset Management Ll bought 12,054 shares of DLH stock. The shares were bought at an average price of $3.55 per share, with a total value of $42,791.70.

DLH Stock Performance

DLHC stock opened at $4.02 on Thursday. DLH Holdings Corp. has a one year low of $2.72 and a one year high of $12.23. The firm has a market cap of $57.76 million, a price-to-earnings ratio of 9.13 and a beta of 1.33. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a 50-day simple moving average of $4.03 and a two-hundred day simple moving average of $6.40.

DLH (NASDAQ:DLHC) last posted its earnings results on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $89.21 million for the quarter, compared to analysts’ expectations of $90.00 million. DLH had a net margin of 1.64% and a return on equity of 5.82%. On average, equities analysts forecast that DLH Holdings Corp. will post -0.13 EPS for the current fiscal year.

Institutional Trading of DLH

A number of institutional investors have recently made changes to their positions in DLHC. Corton Capital Inc. purchased a new stake in DLH in the first quarter valued at about $71,000. Wealthedge Investment Advisors LLC acquired a new position in shares of DLH during the fourth quarter valued at about $114,000. Mink Brook Asset Management LLC purchased a new position in shares of DLH in the 4th quarter valued at approximately $10,991,000. Millennium Management LLC boosted its stake in DLH by 313.4% in the 4th quarter. Millennium Management LLC now owns 69,733 shares of the business services provider’s stock worth $560,000 after purchasing an additional 52,864 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in 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 purchasing an additional 1,855 shares in the last quarter. Institutional investors and hedge funds own 67.25% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered DLH from a “buy” rating to a “hold” rating in a research report on Friday, February 7th.

DLH Company Profile

DLH Holdings Corp. provides technology-enabled business process outsourcing, program management solutions, and public health research and analytics services in the United States. It offers digital transformation and cyber security solutions, including artificial intelligence and machine learning, cloud enablement, cybersecurity ecosystem, big data analytics, and modeling and simulation to the National Institutes of Health (NIH), the Defense Health Agency, Tele-medicine and Advanced Technology Research Center, and US Navy Naval Information Warfare Center (NIWC).