Mink Brook Asset Management Ll Purchases 4,543 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 4,543 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was acquired at an average cost of $5.25 per share, with a total value of $23,850.75. Following the completion of the purchase, the insider directly owned 2,121,736 shares in the company, valued at approximately $11,139,114. This represents a 0.21% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more 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 Monday, June 29th, Mink Brook Asset Management Ll purchased 640 shares of DLH stock. The stock was 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 purchased 15,280 shares of DLH stock. The stock was bought at an average price of $5.28 per share, with a total value of $80,678.40.
• On Thursday, June 25th, Mink Brook Asset Management Ll acquired 9,343 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $51,386.50.
• On Wednesday, June 24th, Mink Brook Asset Management Ll acquired 3,739 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $20,564.50.
• On Tuesday, June 23rd, Mink Brook Asset Management Ll acquired 110 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $605.00.
• On Monday, June 22nd, Mink Brook Asset Management Ll acquired 624 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $3,432.00.
• On Thursday, June 18th, Mink Brook Asset Management Ll bought 6,460 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $35,530.00.
• On Wednesday, June 17th, Mink Brook Asset Management Ll bought 2,733 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $15,031.50.
• On Tuesday, June 16th, Mink Brook Asset Management Ll bought 3,859 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $21,224.50.
• On Tuesday, June 9th, Mink Brook Asset Management Ll purchased 71 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $390.50.

DLH Stock Up 1.0%

Shares of DLHC opened at $5.30 on Thursday. The company has a market cap of $76.80 million, a PE ratio of -17.67 and a beta of 1.45. The business has a fifty day moving average of $5.59 and a 200 day moving average of $5.71. DLH Holdings Corp. has a 52-week low of $5.12 and a 52-week high of $8.10. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.00.

DLH (NASDAQ:DLHC) last posted its quarterly earnings data on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share 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 firm had revenue of $59.27 million for the quarter, compared to the consensus estimate of $58.00 million. On average, sell-side analysts expect that DLH Holdings Corp. will post -0.59 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DLHC. Bank of America Corp DE boosted its position in DLH by 31.9% in the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock valued at $62,000 after buying an additional 1,855 shares during the period. Jane Street Group LLC bought a new stake in shares of DLH during the fourth quarter valued at approximately $58,000. Qube Research & Technologies Ltd bought a new stake in shares of DLH during the second quarter valued at approximately $73,000. Sandia Investment Management LP purchased a new stake in shares of DLH in the fourth quarter valued at approximately $197,000. Finally, Strs Ohio purchased a new stake in shares of DLH in the 1st quarter worth $185,000. Hedge funds and other institutional investors own 67.25% of the company’s stock.

Analyst Upgrades and Downgrades

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