Insider Buying: DLH (NASDAQ:DLHC) Major Shareholder Buys $377,008.50 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 68,547 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average price of $5.50 per share, for a total transaction of $377,008.50. Following the purchase, the insider directly owned 2,051,938 shares of the company’s stock, valued at $11,285,659. This trade represents a 3.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 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, May 14th, Mink Brook Asset Management Ll purchased 512 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $2,816.00.
• On Tuesday, April 7th, Mink Brook Asset Management Ll purchased 196 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $1,078.00.
• On Thursday, February 19th, Mink Brook Asset Management Ll acquired 8,048 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $44,264.00.
• On Wednesday, February 18th, Mink Brook Asset Management Ll acquired 22,057 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $121,313.50.
• On Tuesday, February 17th, Mink Brook Asset Management Ll bought 2,642 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $14,531.00.
• On Friday, February 13th, Mink Brook Asset Management Ll bought 319 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $1,754.50.

DLH Trading Down 1.1%

DLH stock opened at $5.44 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $78.83 million, a price-to-earnings ratio of -18.13 and a beta of 1.47. DLH Holdings Corp. has a 1 year low of $4.79 and a 1 year high of $8.10. The firm’s 50 day moving average price is $5.84 and its two-hundred day moving average price is $5.84.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. North Star Investment Management Corp. acquired a new position in DLH during the first quarter worth $786,000. Sandia Investment Management LP acquired a new stake in shares of DLH in the fourth quarter valued at approximately $197,000. Rothschild Wealth LLC acquired a new stake in DLH in the fourth quarter worth about $928,000. Mink Brook Asset Management LLC increased its position in DLH by 2.3% in the fourth quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock worth $14,836,000 after purchasing an additional 59,498 shares during the period. Finally, State Street Corp grew its holdings in DLH by 28.7% during the 4th quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock worth $337,000 after acquiring an additional 13,300 shares during the period. 67.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on DLHC. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. Zacks Research raised shares of DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, 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.