Mink Brook Asset Management Ll Acquires 6,460 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 6,460 shares of the stock in a transaction dated Thursday, June 18th. The stock was acquired at an average cost of $5.50 per share, with a total value of $35,530.00. Following the transaction, the insider directly owned 2,087,457 shares in the company, valued at approximately $11,481,013.50. This trade represents a 0.31% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 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, June 22nd, Mink Brook Asset Management Ll bought 624 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, with a total value of $3,432.00.
• On Wednesday, June 17th, Mink Brook Asset Management Ll purchased 2,733 shares of DLH stock. The stock was purchased 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 purchased 3,859 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value 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.
• On Monday, June 8th, Mink Brook Asset Management Ll purchased 49 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $269.50.
• On Tuesday, June 2nd, Mink Brook Asset Management Ll purchased 7,494 shares of DLH stock. The stock was acquired 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 bought 3,223 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, with a total value of $17,726.50.
• On Thursday, May 21st, Mink Brook Asset Management Ll purchased 1,584 shares of DLH stock. The shares were bought at an average price of $5.50 per share, with a total value 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 cost 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 stock was acquired at an average cost of $5.50 per share, with a total value of $13,183.50.

DLH Price Performance

DLH stock traded up $0.08 during trading on Monday, reaching $5.52. The company had a trading volume of 2,952 shares, compared to its average volume of 10,247. The firm has a market capitalization of $79.98 million, a PE ratio of -18.40 and a beta of 1.45. The firm’s 50-day simple moving average is $5.71 and its 200 day simple moving average is $5.75. 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 $5.35 and a 1-year high of $8.10.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on DLHC. Zacks Research upgraded shares of DLH from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On DLH

A number of hedge funds and other institutional investors have recently modified their holdings of DLHC. Bank of America Corp DE lifted its holdings in 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 buying an additional 1,855 shares during the last quarter. Strs Ohio purchased a new position in shares of DLH in the 1st quarter valued at about $185,000. Qube Research & Technologies Ltd purchased a new position in shares of DLH in the 2nd quarter valued at about $73,000. Jane Street Group LLC acquired a new stake in shares of DLH during the 2nd quarter worth about $65,000. Finally, Vanguard Group Inc. raised its position 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 acquiring an additional 5,735 shares in the last quarter. 67.25% of the stock is currently owned by institutional investors and hedge funds.

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.