DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Buys 2,642 Shares

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 2,642 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was acquired at an average price of $5.50 per share, for a total transaction of $14,531.00. Following the completion of the purchase, the insider owned 1,953,090 shares of the company’s stock, valued at $10,741,995. This represents a 0.14% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major 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 Wednesday, February 18th, Mink Brook Asset Management Ll acquired 22,057 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, with a total value of $121,313.50.
• On Friday, February 13th, Mink Brook Asset Management Ll acquired 319 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, for a total transaction of $1,754.50.
• On Thursday, February 12th, Mink Brook Asset Management Ll bought 13,577 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $74,673.50.
• On Thursday, January 8th, Mink Brook Asset Management Ll bought 1,458 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, with a total value of $8,019.00.
• On Wednesday, January 7th, Mink Brook Asset Management Ll purchased 3,569 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $19,629.50.
• On Thursday, December 18th, Mink Brook Asset Management Ll purchased 78 shares of DLH stock. The stock was bought at an average price of $5.50 per share, for a total transaction of $429.00.
• On Wednesday, December 17th, Mink Brook Asset Management Ll acquired 44,208 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $243,144.00.
• On Thursday, December 11th, Mink Brook Asset Management Ll acquired 924 shares of DLH stock. The shares were bought at an average price of $5.50 per share, with a total value of $5,082.00.

DLH Stock Down 0.2%

Shares of NASDAQ DLHC traded down $0.01 during mid-day trading on Wednesday, reaching $5.49. The company had a trading volume of 54,364 shares, compared to its average volume of 12,268. The firm has a 50 day simple moving average of $5.72 and a two-hundred day simple moving average of $5.74. DLH Holdings Corp. has a 52-week low of $2.72 and a 52-week high of $8.10. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.03. The stock has a market cap of $79.57 million, a P/E ratio of -78.42 and a beta of 1.60.

DLH (NASDAQ:DLHC) last announced its quarterly earnings results on Monday, February 9th. The business services provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The company had revenue of $68.89 million during the quarter, compared to analysts’ expectations of $70.15 million. DLH had a negative net margin of 0.33% and a negative return on equity of 0.95%. Sell-side analysts predict that DLH Holdings Corp. will post -0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sandia Investment Management LP acquired a new position in shares of DLH in the fourth quarter valued at approximately $197,000. Rothschild Wealth LLC purchased a new position in DLH in the 4th quarter valued at $928,000. Mink Brook Asset Management LLC increased its stake in DLH by 2.3% in the 4th 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 buying an additional 59,498 shares during the period. State Street Corp increased its stake in DLH by 28.7% in the 4th quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock valued at $337,000 after buying an additional 13,300 shares during the period. Finally, Jane Street Group LLC purchased a new position in DLH during the 4th quarter worth $58,000. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a research note on Wednesday, January 21st. Zacks Research lowered shares of DLH from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 17th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

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.