DLH (NASDAQ:DLHC) Major Shareholder Purchases $22,431.63 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 4,407 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The stock was purchased at an average price of $5.09 per share, for a total transaction of $22,431.63. Following the acquisition, the insider owned 2,158,480 shares of the company’s stock, valued at $10,986,663.20. This trade represents a 0.20% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% 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 Thursday, July 9th, Mink Brook Asset Management Ll purchased 5,000 shares of DLH stock. The shares were purchased at an average cost of $5.13 per share, for a total transaction of $25,650.00.
• On Wednesday, July 8th, Mink Brook Asset Management Ll purchased 2,275 shares of DLH stock. The shares were acquired at an average price 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 stock was acquired at an average cost of $5.17 per share, with a total value of $25,850.00.
• On Monday, July 6th, Mink Brook Asset Management Ll acquired 9,422 shares of DLH stock. The stock was acquired at an average cost of $5.19 per share, with a total value of $48,900.18.
• On Thursday, July 2nd, Mink Brook Asset Management Ll acquired 5,640 shares of DLH stock. The stock was acquired at an average cost of $5.25 per share, for a total transaction of $29,610.00.
• On Tuesday, June 30th, Mink Brook Asset Management Ll bought 4,543 shares of DLH stock. The shares were acquired at an average price of $5.25 per share, for a total transaction of $23,850.75.
• On Monday, June 29th, Mink Brook Asset Management Ll bought 640 shares of DLH stock. The shares were acquired at an average cost of $5.25 per share, with a total value of $3,360.00.
• On Friday, June 26th, Mink Brook Asset Management Ll bought 15,280 shares of DLH stock. The shares were acquired at an average cost of $5.28 per share, with a total value of $80,678.40.
• On Thursday, June 25th, Mink Brook Asset Management Ll bought 9,343 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value of $51,386.50.
• On Wednesday, June 24th, Mink Brook Asset Management Ll purchased 3,739 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $20,564.50.

DLH Price Performance

DLH stock opened at $5.57 on Friday. The stock has a market capitalization of $80.71 million, a price-to-earnings ratio of -18.57 and a beta of 1.45. DLH Holdings Corp. has a 52-week low of $5.03 and a 52-week high of $8.10. The stock’s 50 day moving average price is $5.45 and its two-hundred day moving average price is $5.68. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.87 and a current ratio of 0.87.

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

Hedge Funds Weigh In On DLH

Institutional investors have recently modified their holdings of the company. Mink Brook Asset Management LLC grew its position in DLH by 2.3% in the 4th quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock valued at $14,836,000 after purchasing an additional 59,498 shares during the period. Vanguard Group Inc. raised its holdings in DLH by 1.2% during the third 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 last quarter. Rothschild Wealth LLC acquired a new position in DLH during the fourth quarter worth $928,000. North Star Investment Management Corp. bought a new position in shares of DLH in the first quarter valued at $786,000. Finally, State Street Corp lifted its stake in shares of DLH by 28.7% in the fourth quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock valued at $337,000 after buying an additional 13,300 shares in the last quarter. 67.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Zacks Research raised shares of DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a research report on Monday, April 20th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

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.