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

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 3,859 shares of DLH stock in a transaction on Tuesday, June 16th. The shares were purchased at an average cost of $5.50 per share, with a total value of $21,224.50. Following the completion of the acquisition, the insider owned 2,078,264 shares of the company’s stock, valued at $11,430,452. This trade represents a 0.19% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, June 17th, Mink Brook Asset Management Ll purchased 2,733 shares of DLH stock. The stock was 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 purchased 71 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $390.50.
• On Monday, June 8th, Mink Brook Asset Management Ll purchased 49 shares of DLH stock. The stock was bought 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 bought at an average cost of $5.50 per share, with a total value of $41,217.00.
• On Wednesday, May 27th, Mink Brook Asset Management Ll purchased 3,223 shares of DLH stock. The stock was bought at an average cost 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 stock was bought 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 stock was bought 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 bought at an average cost of $5.50 per share, with a total value of $13,183.50.
• On Monday, May 18th, Mink Brook Asset Management Ll purchased 5,304 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $29,172.00.
• On Thursday, May 14th, Mink Brook Asset Management Ll purchased 512 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $2,816.00.

DLH Stock Performance

Shares of DLH stock traded up $0.03 during trading hours on Wednesday, reaching $5.50. The company had a trading volume of 7,355 shares, compared to its average volume of 10,273. DLH Holdings Corp. has a one year low of $5.32 and a one year high of $8.10. The business has a fifty day simple moving average of $5.73 and a 200 day simple moving average of $5.77. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $79.71 million, a PE ratio of -18.33 and a beta of 1.45.

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

Institutional Investors Weigh In On DLH

Several large investors have recently added to or reduced their stakes in DLHC. Bank of America Corp DE boosted its stake in DLH by 31.9% during 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 buying an additional 1,855 shares during the period. Strs Ohio purchased a new stake in DLH during the first quarter valued at about $185,000. Qube Research & Technologies Ltd purchased a new stake in DLH during the second quarter valued at about $73,000. Jane Street Group LLC purchased a new stake in DLH during the second quarter valued at about $65,000. Finally, Vanguard Group Inc. raised its position in DLH by 1.2% during the third quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock valued at $2,795,000 after purchasing an additional 5,735 shares in the last quarter. Institutional investors own 67.25% of the company’s stock.

Wall Street Analyst Weigh In

DLHC has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. Zacks Research raised DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. One 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 currently has an average 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.