DLH (NASDAQ:DLHC) Major Shareholder Purchases $21,224.50 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 3,859 shares of the stock in a transaction on Tuesday, June 16th. The stock was bought at an average price of $5.50 per share, for a total transaction of $21,224.50. Following the completion of the transaction, the insider directly owned 2,078,264 shares of the company’s stock, valued at approximately $11,430,452. This trade represents a 0.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Mink Brook Asset Management Ll also recently made the following trade(s):

• On Wednesday, June 17th, Mink Brook Asset Management Ll acquired 2,733 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $15,031.50.
• On Tuesday, June 9th, Mink Brook Asset Management Ll bought 71 shares of DLH stock. The stock was purchased 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 bought 49 shares of DLH stock. The stock was 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 bought 7,494 shares of DLH stock. The stock was purchased at an average cost 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 purchased 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 purchased at an average cost 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, with a total value of $660.00.
• On Tuesday, May 19th, Mink Brook Asset Management Ll purchased 2,397 shares of DLH stock. The stock was 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 acquired 5,304 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $29,172.00.
• On Thursday, May 14th, Mink Brook Asset Management Ll acquired 512 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $2,816.00.

DLH Stock Performance

NASDAQ DLHC opened at $5.44 on Friday. DLH Holdings Corp. has a 1-year low of $5.35 and a 1-year high of $8.10. The company has a 50 day moving average of $5.71 and a 200-day moving average of $5.75. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00. The firm has a market cap of $78.84 million, a price-to-earnings ratio of -18.13 and a beta of 1.45.

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 return on equity of 4.00% and a negative net margin of 1.53%.The business had revenue of $59.27 million during the quarter, compared to analyst estimates of $58.00 million. On average, equities analysts forecast that DLH Holdings Corp. will post -0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on DLHC. Zacks Research raised shares of DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

Institutional Investors Weigh In On DLH

A number of institutional investors have recently made changes to their positions in DLHC. North Star Investment Management Corp. bought a new stake in DLH in the first quarter valued at about $786,000. Sandia Investment Management LP bought a new position in DLH during the 4th quarter worth approximately $197,000. Rothschild Wealth LLC bought a new position in DLH during the 4th quarter worth approximately $928,000. Mink Brook Asset Management LLC grew its holdings in DLH by 2.3% during 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 purchasing an additional 59,498 shares during the period. Finally, State Street Corp grew its holdings in DLH by 28.7% during 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 period. 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.