Mink Brook Asset Management Ll Buys 7,944 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 7,944 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was purchased at an average price of $4.96 per share, for a total transaction of $39,402.24. Following the completion of the acquisition, the insider owned 2,166,724 shares in the company, valued at $10,746,951.04. This represents a 0.37% 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 Friday, July 31st, Mink Brook Asset Management Ll purchased 441 shares of DLH stock. The shares were acquired at an average price of $4.86 per share, with a total value of $2,143.26.
• On Monday, July 27th, Mink Brook Asset Management Ll acquired 10 shares of DLH stock. The shares were acquired at an average price of $5.09 per share, for a total transaction of $50.90.
• On Friday, July 24th, Mink Brook Asset Management Ll acquired 391 shares of DLH stock. The stock was acquired at an average cost of $5.10 per share, for a total transaction of $1,994.10.
• On Thursday, July 23rd, Mink Brook Asset Management Ll acquired 79 shares of DLH stock. The shares were acquired at an average price of $5.10 per share, with a total value of $402.90.
• On Monday, July 13th, Mink Brook Asset Management Ll acquired 4,407 shares of DLH stock. The shares were acquired at an average price of $5.09 per share, with a total value of $22,431.63.
• On Thursday, July 9th, Mink Brook Asset Management Ll bought 5,000 shares of DLH stock. The shares were acquired at an average cost of $5.13 per share, with a total value of $25,650.00.
• On Wednesday, July 8th, Mink Brook Asset Management Ll bought 2,275 shares of DLH stock. The stock was acquired at an average price of $5.14 per share, for a total transaction of $11,693.50.
• On Tuesday, July 7th, Mink Brook Asset Management Ll purchased 5,000 shares of DLH stock. The stock was acquired at an average cost of $5.17 per share, for a total transaction of $25,850.00.
• On Monday, July 6th, Mink Brook Asset Management Ll purchased 9,422 shares of DLH stock. The shares were bought at an average price of $5.19 per share, with a total value of $48,900.18.
• On Thursday, July 2nd, Mink Brook Asset Management Ll acquired 5,640 shares of DLH stock. The shares were bought at an average cost of $5.25 per share, with a total value of $29,610.00.

DLH Stock Down 0.4%

Shares of DLH stock traded down $0.02 on Friday, hitting $4.88. The company had a trading volume of 4,253 shares, compared to its average volume of 28,945. The stock has a 50 day moving average of $5.39 and a 200-day moving average of $5.66. DLH Holdings Corp. has a 1 year low of $4.74 and a 1 year high of $8.10. The stock has a market capitalization of $70.71 million, a price-to-earnings ratio of -3.30 and a beta of 1.45. 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 (NASDAQ:DLHC) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). DLH had a negative net margin of 8.51% and a negative return on equity of 9.99%. The company had revenue of $59.27 million during the quarter, compared to analysts’ expectations of $58.00 million. As a group, sell-side analysts forecast that DLH Holdings Corp. will post -0.59 earnings per share for the current year.

Institutional Trading of DLH

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in DLH by 31.9% in the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 1,855 shares during the last quarter. Vanguard Group Inc. increased its stake 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 purchasing an additional 5,735 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of DLH in the 4th quarter worth approximately $58,000. Qube Research & Technologies Ltd purchased a new position in DLH in the second quarter valued at approximately $73,000. Finally, State Street Corp lifted its stake in DLH by 28.7% in the fourth quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock valued at $337,000 after purchasing an additional 13,300 shares during the last quarter. Institutional investors own 67.25% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DLHC shares. Noble Financial reissued an “outperform” rating on shares of DLH in a research report on Friday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a report on Friday, July 17th. Finally, Zacks Research raised DLH from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, DLH currently has a consensus rating of “Hold”.

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.