Mink Brook Asset Management Ll Acquires 7,494 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 7,494 shares of DLH stock in a transaction that occurred on Tuesday, June 2nd. The stock was acquired at an average price of $5.50 per share, with a total value of $41,217.00. Following the completion of the purchase, the insider directly owned 2,072,572 shares in the company, valued at $11,399,146. This represents a 0.36% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares 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, May 27th, Mink Brook Asset Management Ll acquired 3,223 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value of $17,726.50.
• On Thursday, May 21st, Mink Brook Asset Management Ll acquired 1,584 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value of $8,712.00.
• On Wednesday, May 20th, Mink Brook Asset Management Ll acquired 120 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value of $660.00.
• On Tuesday, May 19th, Mink Brook Asset Management Ll acquired 2,397 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value of $13,183.50.
• On Monday, May 18th, Mink Brook Asset Management Ll acquired 5,304 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value of $29,172.00.
• On Thursday, May 14th, Mink Brook Asset Management Ll acquired 512 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value of $2,816.00.
• On Wednesday, May 13th, Mink Brook Asset Management Ll acquired 68,547 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value of $377,008.50.
• On Tuesday, April 7th, Mink Brook Asset Management Ll acquired 196 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value of $1,078.00.

DLH Stock Up 1.8%

DLH stock opened at $5.61 on Friday. DLH Holdings Corp. has a 1-year low of $5.10 and a 1-year high of $8.10. The firm has a market capitalization of $81.31 million, a price-to-earnings ratio of -18.70 and a beta of 1.45. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00. The firm has a 50 day simple moving average of $5.76 and a 200 day simple moving average of $5.80.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Mink Brook Asset Management LLC boosted its holdings in DLH by 8.4% in the 3rd 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 during the period. Minerva Advisors LLC boosted its holdings in DLH by 0.5% in the 3rd quarter. Minerva Advisors LLC now owns 1,116,802 shares of the business services provider’s stock valued at $6,310,000 after purchasing an additional 6,059 shares during the period. North Star Investment Management Corp. bought a new position in DLH in the 1st quarter valued at $786,000. Qube Research & Technologies Ltd bought a new stake in shares of DLH during the 2nd quarter worth $73,000. Finally, Sandia Investment Management LP bought a new stake in shares of DLH during the 4th quarter worth $197,000. 67.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a report 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 investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

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.