DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Purchases 2,642 Shares

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 2,642 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was bought at an average cost of $5.50 per share, for a total transaction of $14,531.00. Following the transaction, the insider directly owned 1,953,090 shares of the company’s stock, valued at $10,741,995. The trade was a 0.14% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major 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 Wednesday, February 18th, Mink Brook Asset Management Ll purchased 22,057 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, for a total transaction of $121,313.50.
• On Friday, February 13th, Mink Brook Asset Management Ll acquired 319 shares of DLH stock. The stock was bought at an average price of $5.50 per share, for a total transaction of $1,754.50.
• On Thursday, February 12th, Mink Brook Asset Management Ll acquired 13,577 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $74,673.50.
• On Thursday, January 8th, Mink Brook Asset Management Ll bought 1,458 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $8,019.00.
• On Wednesday, January 7th, Mink Brook Asset Management Ll purchased 3,569 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $19,629.50.
• On Thursday, December 18th, Mink Brook Asset Management Ll acquired 78 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $429.00.
• On Wednesday, December 17th, Mink Brook Asset Management Ll bought 44,208 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $243,144.00.
• On Thursday, December 11th, Mink Brook Asset Management Ll bought 924 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $5,082.00.

DLH Stock Down 0.2%

Shares of NASDAQ:DLHC opened at $5.49 on Thursday. The firm has a market capitalization of $79.55 million, a PE ratio of -78.42 and a beta of 1.60. DLH Holdings Corp. has a 1 year low of $2.72 and a 1 year high of $8.10. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.97 and a quick ratio of 0.97. The firm’s 50-day moving average is $5.71 and its two-hundred day moving average is $5.74.

DLH (NASDAQ:DLHC) last posted its quarterly earnings results on Monday, February 9th. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). DLH had a negative return on equity of 0.95% and a negative net margin of 0.33%.The business had revenue of $68.89 million during the quarter, compared to analyst estimates of $70.15 million. Analysts predict that DLH Holdings Corp. will post -0.13 EPS for the current year.

Institutional Investors Weigh In On DLH

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE grew 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 last quarter. Strs Ohio acquired a new position in DLH during the 1st quarter worth approximately $185,000. Y Intercept Hong Kong Ltd acquired a new position in DLH during the second quarter worth $239,000. Quadrature Capital Ltd purchased a new position in DLH in the second quarter worth $89,000. Finally, Minerva Advisors LLC raised its position in DLH by 9.1% in the second quarter. Minerva Advisors LLC now owns 1,110,743 shares of the business services provider’s stock worth $6,442,000 after acquiring an additional 92,346 shares in the last quarter. Hedge funds and other institutional investors own 67.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DLHC. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a research report on Wednesday, January 21st. Zacks Research lowered DLH from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 17th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About DLH

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.