DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Buys $71,962.80 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 13,180 shares of DLH stock in a transaction that occurred on Tuesday, June 17th. The stock was acquired at an average cost of $5.46 per share, with a total value of $71,962.80. Following the purchase, the insider now directly owns 1,583,804 shares of the company’s stock, valued at $8,647,569.84. This represents a 0.84% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, June 16th, Mink Brook Asset Management Ll acquired 2,775 shares of DLH stock. The stock was acquired at an average cost of $5.39 per share, with a total value of $14,957.25.
• On Friday, June 13th, Mink Brook Asset Management Ll acquired 22,982 shares of DLH stock. The stock was acquired at an average cost of $5.43 per share, with a total value of $124,792.26.
• On Thursday, June 12th, Mink Brook Asset Management Ll acquired 19,561 shares of DLH stock. The stock was acquired at an average cost of $5.44 per share, with a total value of $106,411.84.
• On Wednesday, June 11th, Mink Brook Asset Management Ll acquired 21,210 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $116,655.00.
• On Tuesday, June 10th, Mink Brook Asset Management Ll acquired 4,408 shares of DLH stock. The stock was acquired at an average cost of $5.49 per share, with a total value of $24,199.92.
• On Monday, June 9th, Mink Brook Asset Management Ll acquired 4,786 shares of DLH stock. The stock was acquired at an average cost of $5.48 per share, with a total value of $26,227.28.
• On Friday, June 6th, Mink Brook Asset Management Ll acquired 17,160 shares of DLH stock. The stock was acquired at an average cost of $5.47 per share, with a total value of $93,865.20.
• On Thursday, June 5th, Mink Brook Asset Management Ll acquired 357 shares of DLH stock. The stock was acquired at an average cost of $5.13 per share, with a total value of $1,831.41.
• On Thursday, May 29th, Mink Brook Asset Management Ll purchased 964 shares of DLH stock. The stock was purchased at an average cost of $4.97 per share, for a total transaction of $4,791.08.
• On Wednesday, May 28th, Mink Brook Asset Management Ll purchased 416 shares of DLH stock. The stock was purchased at an average cost of $5.00 per share, for a total transaction of $2,080.00.

DLH Price Performance

NASDAQ DLHC opened at $5.47 on Friday. The firm’s fifty day simple moving average is $4.55 and its two-hundred day simple moving average is $5.68. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15. DLH Holdings Corp. has a 12-month low of $2.72 and a 12-month high of $11.99. The firm has a market capitalization of $78.71 million, a P/E ratio of 14.40 and a beta of 1.33.

DLH (NASDAQ:DLHC) last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $89.21 million for the quarter, compared to analysts’ expectations of $90.00 million. DLH had a net margin of 1.44% and a return on equity of 4.90%. Analysts forecast that DLH Holdings Corp. will post -0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On DLH

A number of large investors have recently made changes to their positions in the stock. Mink Brook Asset Management LLC grew its holdings in shares of DLH by 5.1% during the first quarter. Mink Brook Asset Management LLC now owns 1,438,507 shares of the business services provider’s stock valued at $5,826,000 after buying an additional 69,719 shares during the last quarter. Minerva Advisors LLC grew its holdings in shares of DLH by 20.2% during the first quarter. Minerva Advisors LLC now owns 1,018,397 shares of the business services provider’s stock valued at $4,125,000 after buying an additional 170,805 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in DLH by 2.7% in the fourth quarter. Renaissance Technologies LLC now owns 270,068 shares of the business services provider’s stock valued at $2,169,000 after purchasing an additional 7,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in DLH by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 268,930 shares of the business services provider’s stock valued at $2,159,000 after purchasing an additional 10,921 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in DLH by 313.4% in the fourth quarter. Millennium Management LLC now owns 69,733 shares of the business services provider’s stock valued at $560,000 after purchasing an additional 52,864 shares during the last quarter. 67.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of DLH from a “buy” rating to a “hold” rating in a report on Saturday, May 17th.

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).