Mink Brook Asset Management Ll Purchases 2,733 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 2,733 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was acquired at an average price of $5.50 per share, for a total transaction of $15,031.50. Following the transaction, the insider owned 2,080,997 shares of the company’s stock, valued at approximately $11,445,483.50. The trade was a 0.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% 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 Tuesday, June 16th, Mink Brook Asset Management Ll bought 3,859 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, for a total transaction of $21,224.50.
• On Tuesday, June 9th, Mink Brook Asset Management Ll bought 71 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, for a total transaction of $390.50.
• On Monday, June 8th, Mink Brook Asset Management Ll purchased 49 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $269.50.
• On Tuesday, June 2nd, Mink Brook Asset Management Ll purchased 7,494 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $41,217.00.
• On Wednesday, May 27th, Mink Brook Asset Management Ll purchased 3,223 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $17,726.50.
• On Thursday, May 21st, Mink Brook Asset Management Ll purchased 1,584 shares of DLH stock. The shares were 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 purchased 120 shares of DLH stock. The shares were 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 purchased 2,397 shares of DLH stock. The shares were 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 purchased 5,304 shares of DLH stock. The shares were purchased 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 purchased 512 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $2,816.00.

DLH Trading Up 0.5%

DLHC stock traded up $0.03 during trading on Wednesday, hitting $5.50. The company had a trading volume of 7,355 shares, compared to its average volume of 10,273. The business has a 50-day moving average of $5.73 and a 200-day moving average of $5.77. DLH Holdings Corp. has a one year low of $5.32 and a one year high of $8.10. The stock has a market cap of $79.71 million, a PE ratio of -18.33 and a beta of 1.45. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00.

DLH (NASDAQ:DLHC) last announced its earnings results on Wednesday, May 6th. The business services provider reported ($0.17) EPS 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 during the quarter, compared to the consensus estimate of $58.00 million. Research analysts predict that DLH Holdings Corp. will post -0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DLH

Several institutional investors have recently added to or reduced their stakes in the business. Mink Brook Asset Management LLC lifted its stake 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 valued at $14,836,000 after buying an additional 59,498 shares during the period. Minerva Advisors LLC lifted its stake in DLH by 0.5% in the third quarter. Minerva Advisors LLC now owns 1,116,802 shares of the business services provider’s stock valued at $6,310,000 after buying an additional 6,059 shares during the period. Vanguard Group Inc. lifted its stake in DLH by 1.2% in the third quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock valued at $2,795,000 after buying an additional 5,735 shares during the period. Rothschild Wealth LLC acquired a new position in DLH in the fourth quarter valued at approximately $928,000. Finally, North Star Investment Management Corp. acquired a new position in DLH in the first quarter valued at approximately $786,000. 67.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on DLHC shares. Zacks Research upgraded DLH from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a report on Monday, April 20th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

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.