DLH Holdings Corp. $DLHC is Mink Brook Asset Management LLC’s 3rd Largest Position

Mink Brook Asset Management LLC increased its holdings in DLH Holdings Corp. (NASDAQ:DLHC) by 8.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,566,349 shares of the business services provider’s stock after purchasing an additional 199,584 shares during the period. DLH makes up about 9.8% of Mink Brook Asset Management LLC’s investment portfolio, making the stock its 3rd largest position. Mink Brook Asset Management LLC owned about 17.83% of DLH worth $14,500,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE lifted its position 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 purchasing an additional 1,855 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of DLH in the 2nd quarter worth about $65,000. Qube Research & Technologies Ltd purchased a new stake in shares of DLH during the 2nd quarter valued at about $73,000. Quadrature Capital Ltd bought a new position in shares of DLH in the 2nd quarter valued at about $89,000. Finally, Strs Ohio bought a new position in shares of DLH in the 1st quarter valued at about $185,000. Hedge funds and other institutional investors own 67.25% of the company’s stock.

Insider Activity at DLH

In other DLH news, major shareholder Mink Brook Asset Management Ll bought 44,208 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average price of $5.50 per share, with a total value of $243,144.00. Following the completion of the purchase, the insider owned 1,931,447 shares in the company, valued at $10,622,958.50. This represents a 2.34% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders purchased a total of 95,956 shares of company stock worth $527,758 over the last quarter. Corporate insiders own 12.80% of the company’s stock.

DLH Price Performance

DLH stock opened at $5.76 on Tuesday. DLH Holdings Corp. has a 12-month low of $2.72 and a 12-month 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 firm has a 50-day moving average price of $5.78 and a 200-day moving average price of $5.77. The firm has a market capitalization of $83.46 million, a PE ratio of -82.27 and a beta of 1.59.

DLH (NASDAQ:DLHC) last issued its quarterly earnings results on Monday, February 9th. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The firm had revenue of $68.89 million for the quarter, compared to the consensus estimate of $70.15 million. DLH had a negative net margin of 0.33% and a negative return on equity of 0.95%. As a group, equities research analysts forecast that DLH Holdings Corp. will post -0.13 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a research note on Wednesday, January 21st. Zacks Research lowered DLH from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 17th. Two analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has an average 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.