Insider Buying: DLH (NASDAQ:DLHC) Major Shareholder Buys $121,313.50 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 22,057 shares of DLH stock in a transaction that occurred on Wednesday, February 18th. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $121,313.50. Following the completion of the transaction, the insider directly owned 1,975,147 shares in the company, valued at $10,863,308.50. This trade represents a 1.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more 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 Thursday, February 19th, Mink Brook Asset Management Ll bought 8,048 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $44,264.00.
• On Tuesday, February 17th, Mink Brook Asset Management Ll purchased 2,642 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, with a total value of $14,531.00.
• On Friday, February 13th, Mink Brook Asset Management Ll acquired 319 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, with a total value of $1,754.50.
• On Thursday, February 12th, Mink Brook Asset Management Ll bought 13,577 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, for a total transaction of $74,673.50.
• On Thursday, January 8th, Mink Brook Asset Management Ll bought 1,458 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, with a total value of $8,019.00.
• On Wednesday, January 7th, Mink Brook Asset Management Ll purchased 3,569 shares of DLH stock. The stock was bought at an average price of $5.50 per share, for a total transaction of $19,629.50.
• On Thursday, December 18th, Mink Brook Asset Management Ll purchased 78 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, for a total transaction of $429.00.
• On Wednesday, December 17th, Mink Brook Asset Management Ll acquired 44,208 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $243,144.00.
• On Thursday, December 11th, Mink Brook Asset Management Ll bought 924 shares of DLH stock. The stock was bought at an average price of $5.50 per share, for a total transaction of $5,082.00.

DLH Stock Performance

DLH stock opened at $5.81 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $84.19 million, a PE ratio of -82.99 and a beta of 1.60. The company has a 50 day moving average price of $5.71 and a 200-day moving average price of $5.74. DLH Holdings Corp. has a fifty-two week low of $2.72 and a fifty-two week high of $8.10.

DLH (NASDAQ:DLHC) last released its quarterly earnings data 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 firm had revenue of $68.89 million for the quarter, compared to analysts’ expectations of $70.15 million. As a group, equities analysts forecast that DLH Holdings Corp. will post -0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DLHC shares. Zacks Research downgraded DLH from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 17th. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a report on Wednesday, January 21st. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, DLH has a consensus rating of “Sell”.

Hedge Funds Weigh In On DLH

Large investors have recently made changes to their positions in the business. Mink Brook Asset Management LLC boosted its position in shares of DLH by 64.5% in the 2nd quarter. Mink Brook Asset Management LLC now owns 2,366,765 shares of the business services provider’s stock worth $13,822,000 after purchasing an additional 928,258 shares in the last quarter. RBF Capital LLC purchased a new stake in DLH in the second quarter valued at about $1,314,000. Minerva Advisors LLC boosted its holdings 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. Y Intercept Hong Kong Ltd purchased a new stake in shares of DLH during the second quarter worth about $239,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of DLH during the second quarter valued at about $73,000. 67.25% of the stock is owned by institutional investors and hedge funds.

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.