Mink Brook Asset Management Ll Acquires 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 business’s stock in a transaction on Monday, July 6th. The stock was bought at an average cost of $5.19 per share, for a total transaction of $48,900.18. Following the purchase, the insider directly owned 2,136,798 shares of the company’s stock, valued at approximately $11,089,981.62. This trade represents a 0.44% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 acquired 5,640 shares of DLH stock. The shares were purchased at an average price of $5.25 per share, with a total value of $29,610.00.
• On Tuesday, June 30th, Mink Brook Asset Management Ll acquired 4,543 shares of DLH stock. The stock was purchased 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 bought 640 shares of DLH stock. The shares were acquired at an average price of $5.25 per share, for a total transaction of $3,360.00.
• On Friday, June 26th, Mink Brook Asset Management Ll bought 15,280 shares of DLH stock. The stock was acquired at an average cost of $5.28 per share, with a total value of $80,678.40.
• On Thursday, June 25th, Mink Brook Asset Management Ll purchased 9,343 shares of DLH stock. The stock was acquired 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 purchased 3,739 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $20,564.50.
• On Tuesday, June 23rd, Mink Brook Asset Management Ll acquired 110 shares of DLH stock. The shares were acquired 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 acquired 624 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value of $3,432.00.
• On Thursday, June 18th, Mink Brook Asset Management Ll bought 6,460 shares of DLH stock. The shares were acquired 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 bought 2,733 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $15,031.50.

DLH Stock Performance

Shares of DLHC stock opened at $5.25 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.87 and a current ratio of 0.87. DLH Holdings Corp. has a 52 week low of $5.12 and a 52 week high of $8.10. The company’s 50 day moving average price is $5.53 and its two-hundred day moving average price is $5.70. The company has a market capitalization of $76.07 million, a P/E ratio of -17.50 and a beta of 1.45.

DLH (NASDAQ:DLHC) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $59.27 million during the quarter, compared to analyst estimates of $58.00 million. On average, analysts expect that DLH Holdings Corp. will post -0.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DLHC shares. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a report on Monday, April 20th. Zacks Research upgraded DLH from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, DLH presently has an average rating of “Reduce”.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DLHC. Mink Brook Asset Management LLC grew its position in DLH by 8.4% in the third quarter. Mink Brook Asset Management LLC now owns 2,566,349 shares of the business services provider’s stock valued at $14,500,000 after purchasing an additional 199,584 shares in the last quarter. North Star Investment Management Corp. acquired a new position in shares of DLH during the 1st quarter worth about $786,000. Qube Research & Technologies Ltd acquired a new position in shares of DLH during the 2nd quarter worth about $73,000. Vanguard Group Inc. grew its holdings in shares of DLH by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock valued at $2,795,000 after acquiring an additional 5,735 shares in the last quarter. Finally, Rothschild Wealth LLC bought a new position in shares of DLH in the 4th quarter valued at about $928,000. Institutional investors and hedge funds own 67.25% of the company’s stock.

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.