Insider Buying: DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Purchases 7,689 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHCGet Free Report) major shareholder Mink Brook Asset Management Ll bought 7,689 shares of the company’s stock in a transaction dated Wednesday, June 25th. The shares were acquired at an average price of $5.50 per share, for a total transaction of $42,289.50. Following the acquisition, the insider now owns 1,619,363 shares in the company, valued at approximately $8,906,496.50. This represents a 0.48% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% 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 Friday, June 27th, Mink Brook Asset Management Ll bought 47,882 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $263,351.00.
  • On Thursday, June 26th, Mink Brook Asset Management Ll bought 5,198 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $28,589.00.
  • On Tuesday, June 24th, Mink Brook Asset Management Ll bought 900 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $4,950.00.
  • On Monday, June 23rd, Mink Brook Asset Management Ll bought 2,659 shares of DLH stock. The shares were acquired at an average price of $5.47 per share, for a total transaction of $14,544.73.
  • On Friday, June 20th, Mink Brook Asset Management Ll bought 5,776 shares of DLH stock. The shares were acquired at an average price of $5.47 per share, for a total transaction of $31,594.72.
  • On Wednesday, June 18th, Mink Brook Asset Management Ll bought 18,535 shares of DLH stock. The shares were acquired at an average price of $5.45 per share, for a total transaction of $101,015.75.
  • On Tuesday, June 17th, Mink Brook Asset Management Ll bought 13,180 shares of DLH stock. The shares were acquired at an average price of $5.46 per share, for a total transaction of $71,962.80.
  • On Monday, June 16th, Mink Brook Asset Management Ll purchased 2,775 shares of DLH stock. The stock was purchased at an average price of $5.39 per share, for a total transaction of $14,957.25.
  • On Friday, June 13th, Mink Brook Asset Management Ll purchased 22,982 shares of DLH stock. The stock was purchased at an average price of $5.43 per share, for a total transaction of $124,792.26.
  • On Thursday, June 12th, Mink Brook Asset Management Ll purchased 19,561 shares of DLH stock. The stock was purchased at an average price of $5.44 per share, for a total transaction of $106,411.84.

DLH Stock Performance

Shares of DLH stock opened at $5.50 on Friday. The stock has a market cap of $79.15 million, a price-to-earnings ratio of 14.47 and a beta of 1.33. The firm’s 50-day moving average is $4.82 and its 200 day moving average is $5.57. DLH Holdings Corp. has a 1 year low of $2.72 and a 1 year high of $11.99. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.10 and a quick ratio of 1.10.

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

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on DLH

Hedge Funds Weigh In On DLH

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its holdings 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 last quarter. Bard Associates Inc. purchased a new stake in shares of DLH during the 1st quarter valued at about $43,000. Nuveen LLC purchased a new stake in shares of DLH during the 1st quarter valued at about $44,000. Wealthedge Investment Advisors LLC purchased a new stake in shares of DLH during the 4th quarter valued at about $114,000. Finally, Corton Capital Inc. purchased a new stake in shares of DLH during the 1st quarter valued at about $71,000. Institutional investors own 67.25% of the company’s stock.

About DLH

(Get Free Report)

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).

Further Reading

Insider Buying and Selling by Quarter for DLH (NASDAQ:DLHC)

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