Mink Brook Asset Management Ll Purchases 3,223 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 3,223 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was purchased at an average price of $5.50 per share, for a total transaction of $17,726.50. Following the completion of the acquisition, the insider owned 2,065,078 shares in the company, valued at $11,357,929. This represents a 0.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Major 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, May 21st, Mink Brook Asset Management Ll bought 1,584 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $8,712.00.
• On Wednesday, May 20th, Mink Brook Asset Management Ll bought 120 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $660.00.
• On Tuesday, May 19th, Mink Brook Asset Management Ll bought 2,397 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $13,183.50.
• On Monday, May 18th, Mink Brook Asset Management Ll acquired 5,304 shares of DLH stock. The shares were 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 price of $5.50 per share, for a total transaction of $2,816.00.
• On Wednesday, May 13th, Mink Brook Asset Management Ll acquired 68,547 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $377,008.50.
• On Tuesday, April 7th, Mink Brook Asset Management Ll acquired 196 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $1,078.00.

DLH Price Performance

Shares of NASDAQ:DLHC opened at $5.61 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00. The stock’s fifty day simple moving average is $5.78 and its two-hundred day simple moving average is $5.81. DLH Holdings Corp. has a 1-year low of $4.95 and a 1-year high of $8.10. The stock has a market cap of $81.31 million, a PE ratio of -18.70 and a beta of 1.47.

DLH (NASDAQ:DLHC) last issued its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $58.00 million. As a group, analysts forecast that DLH Holdings Corp. will post -0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On DLH

Hedge funds 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 purchasing an additional 1,855 shares during the period. Jane Street Group LLC bought a new stake in shares of DLH during the 4th quarter worth $58,000. Qube Research & Technologies Ltd bought a new stake in shares of DLH during the 2nd quarter worth $73,000. Sandia Investment Management LP bought a new stake in shares of DLH during the 4th quarter worth $197,000. Finally, Strs Ohio purchased a new stake in DLH in the 1st quarter worth about $185,000. 67.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on DLHC. Zacks Research upgraded DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average 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.