Mink Brook Asset Management Ll Purchases 9,422 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 9,422 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were bought at an average price of $5.19 per share, for a total transaction of $48,900.18. Following the completion of the transaction, the insider directly owned 2,136,798 shares of the company’s stock, valued at $11,089,981.62. This represents a 0.44% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at 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 Thursday, July 2nd, Mink Brook Asset Management Ll purchased 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.
• On Tuesday, June 30th, Mink Brook Asset Management Ll purchased 4,543 shares of DLH stock. The stock was bought at an average price of $5.25 per share, with a total value of $23,850.75.
• On Monday, June 29th, Mink Brook Asset Management Ll acquired 640 shares of DLH stock. The stock was bought at an average cost of $5.25 per share, for a total transaction of $3,360.00.
• On Friday, June 26th, Mink Brook Asset Management Ll acquired 15,280 shares of DLH stock. The shares were bought at an average cost of $5.28 per share, for a total transaction of $80,678.40.
• On Thursday, June 25th, Mink Brook Asset Management Ll acquired 9,343 shares of DLH stock. The shares were bought at an average price of $5.50 per share, with a total value of $51,386.50.
• On Wednesday, June 24th, Mink Brook Asset Management Ll bought 3,739 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $20,564.50.
• On Tuesday, June 23rd, Mink Brook Asset Management Ll bought 110 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $605.00.
• On Monday, June 22nd, Mink Brook Asset Management Ll purchased 624 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $3,432.00.
• On Thursday, June 18th, Mink Brook Asset Management Ll acquired 6,460 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $35,530.00.
• On Wednesday, June 17th, Mink Brook Asset Management Ll acquired 2,733 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $15,031.50.

DLH Price Performance

DLH stock traded down $0.13 during mid-day trading on Monday, hitting $5.13. The stock had a trading volume of 37,342 shares, compared to its average volume of 30,285. The firm has a market capitalization of $74.33 million, a P/E ratio of -17.10 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. The firm’s 50 day moving average is $5.56 and its 200 day moving average is $5.71. DLH Holdings Corp. has a one year low of $5.12 and a one year high of $8.10.

DLH (NASDAQ:DLHC) last posted 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 1.53% and a negative return on equity of 4.00%. The business had revenue of $59.27 million for the quarter, compared to the consensus estimate of $58.00 million. On average, sell-side analysts forecast that DLH Holdings Corp. will post -0.59 earnings per share for the current fiscal year.

Institutional Trading of DLH

Large investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. purchased a new stake in shares of DLH during the 1st quarter worth approximately $786,000. Sandia Investment Management LP bought a new stake in DLH in the fourth quarter worth $197,000. Rothschild Wealth LLC purchased a new stake in DLH during the fourth quarter valued at $928,000. Mink Brook Asset Management LLC lifted its position 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 last quarter. Finally, State Street Corp grew its stake in shares of DLH by 28.7% in the 4th quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock worth $337,000 after buying an additional 13,300 shares in the last quarter. Institutional investors own 67.25% of the company’s stock.

Analyst Upgrades and Downgrades

DLHC has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a report on Monday, April 20th. Zacks Research upgraded shares of DLH from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.