Mink Brook Asset Management Ll Purchases 5,000 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was acquired at an average cost of $5.17 per share, with a total value of $25,850.00. Following the transaction, the insider directly owned 2,141,798 shares of the company’s stock, valued at approximately $11,073,095.66. This represents a 0.23% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more 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 Wednesday, July 8th, Mink Brook Asset Management Ll bought 2,275 shares of DLH stock. The shares were acquired at an average price of $5.14 per share, for a total transaction of $11,693.50.
• On Monday, July 6th, Mink Brook Asset Management Ll purchased 9,422 shares of DLH stock. The stock was bought at an average price of $5.19 per share, with a total value of $48,900.18.
• On Thursday, July 2nd, Mink Brook Asset Management Ll acquired 5,640 shares of DLH stock. The stock was bought at an average cost of $5.25 per share, for a total transaction of $29,610.00.
• On Tuesday, June 30th, Mink Brook Asset Management Ll acquired 4,543 shares of DLH stock. The shares were bought at an average price of $5.25 per share, for a total transaction of $23,850.75.
• On Monday, June 29th, Mink Brook Asset Management Ll bought 640 shares of DLH stock. The stock was bought at an average price of $5.25 per share, with a total value of $3,360.00.
• On Friday, June 26th, Mink Brook Asset Management Ll purchased 15,280 shares of DLH stock. The stock was bought at an average price of $5.28 per share, with a total value of $80,678.40.
• On Thursday, June 25th, Mink Brook Asset Management Ll acquired 9,343 shares of DLH stock. The stock was purchased at an average cost 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 price of $5.50 per share, with a total value of $20,564.50.
• On Tuesday, June 23rd, Mink Brook Asset Management Ll purchased 110 shares of DLH stock. The shares were purchased at an average cost 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 price of $5.50 per share, for a total transaction of $3,432.00.

DLH Stock Performance

DLH stock traded down $0.08 during mid-day trading on Wednesday, reaching $5.17. The company’s stock had a trading volume of 18,605 shares, compared to its average volume of 30,157. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00. DLH Holdings Corp. has a twelve month low of $5.10 and a twelve month high of $8.10. The business has a 50 day moving average price of $5.53 and a 200-day moving average price of $5.70. The firm has a market cap of $74.93 million, a price-to-earnings ratio of -17.23 and a beta of 1.45.

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

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. Zacks Research raised shares of 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 given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DLHC. Jane Street Group LLC bought a new stake in shares of DLH during the fourth quarter valued at about $58,000. Bank of America Corp DE grew its position in DLH by 31.9% in the 4th 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 in the last quarter. Qube Research & Technologies Ltd acquired a new position in DLH during the 2nd quarter valued at about $73,000. Strs Ohio bought a new stake in shares of DLH during the 1st quarter worth about $185,000. Finally, Sandia Investment Management LP acquired a new stake in shares of DLH in the 4th quarter worth approximately $197,000. Institutional investors 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.