DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Buys 2,397 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 2,397 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were acquired at an average price of $5.50 per share, with a total value of $13,183.50. Following the purchase, the insider owned 2,060,151 shares of the company’s stock, valued at $11,330,830.50. The trade was a 0.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock 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, May 18th, Mink Brook Asset Management Ll purchased 5,304 shares of DLH stock. The stock was bought at an average price of $5.50 per share, for a total transaction of $29,172.00.
• On Thursday, May 14th, Mink Brook Asset Management Ll acquired 512 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $2,816.00.
• On Wednesday, May 13th, Mink Brook Asset Management Ll bought 68,547 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $377,008.50.
• On Tuesday, April 7th, Mink Brook Asset Management Ll bought 196 shares of DLH stock. The stock was bought 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 purchased 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 stock was bought at an average price of $5.50 per share, with a total value of $121,313.50.

DLH Stock Performance

Shares of DLHC stock opened at $5.52 on Wednesday. The stock’s 50-day moving average is $5.82 and its two-hundred day moving average is $5.83. 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 Holdings Corp. has a 1 year low of $4.91 and a 1 year high of $8.10. The firm has a market cap of $79.98 million, a price-to-earnings ratio of -18.40 and a beta of 1.47.

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

Institutional Trading of DLH

Several hedge funds have recently modified their holdings of the business. Mink Brook Asset Management LLC grew its holdings in DLH by 8.4% during the third quarter. Mink Brook Asset Management LLC now owns 2,566,349 shares of the business services provider’s stock worth $14,500,000 after acquiring an additional 199,584 shares during the period. Minerva Advisors LLC boosted its position 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 purchasing an additional 6,059 shares in the last quarter. Vanguard Group Inc. grew 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 purchasing an additional 5,735 shares during the period. Rothschild Wealth LLC purchased a new position in shares of DLH in the 4th quarter valued at about $928,000. Finally, State Street Corp increased its holdings in shares of DLH by 28.7% in the 4th quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock valued at $337,000 after purchasing an additional 13,300 shares in the last quarter. 67.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DLHC has been the topic of a number of research reports. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a research report on Monday, April 20th. Zacks Research upgraded shares of DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, DLH 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.