Mink Brook Asset Management Ll Purchases 3,739 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 3,739 shares of DLH stock in a transaction on Wednesday, June 24th. The shares were acquired at an average price of $5.50 per share, for a total transaction of $20,564.50. Following the completion of the acquisition, the insider owned 2,091,930 shares in the company, valued at $11,505,615. This represents a 0.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, June 23rd, Mink Brook Asset Management Ll purchased 110 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value of $605.00.
• On Monday, June 22nd, Mink Brook Asset Management Ll acquired 624 shares of DLH stock. The shares were bought 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 shares were bought at an average cost of $5.50 per share, for a total transaction of $35,530.00.
• On Wednesday, June 17th, Mink Brook Asset Management Ll acquired 2,733 shares of DLH stock. The stock was bought at an average price of $5.50 per share, for a total transaction of $15,031.50.
• On Tuesday, June 16th, Mink Brook Asset Management Ll bought 3,859 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $21,224.50.
• On Tuesday, June 9th, Mink Brook Asset Management Ll bought 71 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $390.50.
• On Monday, June 8th, Mink Brook Asset Management Ll bought 49 shares of DLH stock. The shares were 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 shares were bought at an average price of $5.50 per share, for a total transaction 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, for a total transaction 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, for a total transaction of $8,712.00.

DLH Stock Performance

Shares of DLHC opened at $5.50 on Friday. The stock has a 50-day simple moving average of $5.66 and a 200-day simple moving average of $5.73. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $79.69 million, a PE ratio of -18.33 and a beta of 1.45. DLH Holdings Corp. has a 1 year low of $5.41 and a 1 year high of $8.10.

DLH (NASDAQ:DLHC) last announced its quarterly earnings data 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). The company had revenue of $59.27 million for the quarter, compared to analyst estimates of $58.00 million. DLH had a negative return on equity of 4.00% and a negative net margin of 1.53%. On average, analysts predict that DLH Holdings Corp. will post -0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DLH

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its holdings 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 purchasing an additional 1,855 shares in the last quarter. Jane Street Group LLC purchased a new position in DLH in the fourth quarter valued at approximately $58,000. Qube Research & Technologies Ltd acquired a new stake in DLH during the second quarter worth approximately $73,000. Sandia Investment Management LP purchased a new stake in shares of DLH during the 4th quarter worth approximately $197,000. Finally, Strs Ohio purchased a new stake in shares of DLH during the 1st quarter worth approximately $185,000. Institutional investors and hedge funds own 67.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DLHC shares. Zacks Research raised shares of DLH from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings reaffirmed 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 company. Based on data from MarketBeat, DLH currently has a consensus rating of “Reduce”.

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.