DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Acquires 3,859 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 3,859 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was bought at an average price of $5.50 per share, for a total transaction of $21,224.50. Following the purchase, the insider directly owned 2,078,264 shares of the company’s stock, valued at $11,430,452. The trade was a 0.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own at least 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 Wednesday, June 17th, Mink Brook Asset Management Ll bought 2,733 shares of DLH stock. The stock was bought at an average price of $5.50 per share, for a total transaction of $15,031.50.
• On Tuesday, June 9th, Mink Brook Asset Management Ll bought 71 shares of DLH stock. The stock was bought at an average price of $5.50 per share, for a total transaction of $390.50.
• On Monday, June 8th, Mink Brook Asset Management Ll bought 49 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $269.50.
• On Tuesday, June 2nd, Mink Brook Asset Management Ll bought 7,494 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $41,217.00.
• On Wednesday, May 27th, Mink Brook Asset Management Ll bought 3,223 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $17,726.50.
• On Thursday, May 21st, Mink Brook Asset Management Ll bought 1,584 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $8,712.00.
• On Wednesday, May 20th, Mink Brook Asset Management Ll bought 120 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $660.00.
• On Tuesday, May 19th, Mink Brook Asset Management Ll purchased 2,397 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $13,183.50.
• On Monday, May 18th, Mink Brook Asset Management Ll purchased 5,304 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $29,172.00.
• On Thursday, May 14th, Mink Brook Asset Management Ll purchased 512 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $2,816.00.

DLH Trading Up 0.5%

Shares of NASDAQ:DLHC opened at $5.50 on Thursday. DLH Holdings Corp. has a 12-month low of $5.32 and a 12-month high of $8.10. The company has a market capitalization of $79.70 million, a PE ratio of -18.33 and a beta of 1.45. The business has a 50 day moving average of $5.73 and a two-hundred day moving average of $5.76. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00.

DLH (NASDAQ:DLHC) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). DLH had a negative net margin of 1.53% and a negative return on equity of 4.00%. The company had revenue of $59.27 million during the quarter, compared to analyst estimates of $58.00 million. As a group, analysts forecast that DLH Holdings Corp. will post -0.59 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Bank of America Corp DE raised 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 worth $62,000 after buying an additional 1,855 shares during the period. Vanguard Group Inc. raised its stake in shares of DLH by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock worth $2,795,000 after buying an additional 5,735 shares during the period. Minerva Advisors LLC raised its stake in shares of DLH by 0.5% during the 3rd quarter. Minerva Advisors LLC now owns 1,116,802 shares of the business services provider’s stock worth $6,310,000 after buying an additional 6,059 shares during the period. Jane Street Group LLC purchased a new stake in shares of DLH during the fourth quarter worth approximately $58,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of DLH during the second quarter worth approximately $73,000. 67.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on DLHC. Zacks Research raised DLH from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a report on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, DLH presently has an average rating of “Reduce”.

About DLH

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.