Mink Brook Asset Management Ll Acquires 2,275 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 2,275 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were acquired at an average price of $5.14 per share, for a total transaction of $11,693.50. Following the completion of the acquisition, the insider directly owned 2,144,073 shares in the company, valued at approximately $11,020,535.22. This represents a 0.11% increase in their position. The transaction was disclosed in a 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 Tuesday, July 7th, Mink Brook Asset Management Ll acquired 5,000 shares of DLH stock. The stock was bought at an average price of $5.17 per share, with a total value of $25,850.00.
• On Monday, July 6th, Mink Brook Asset Management Ll bought 9,422 shares of DLH stock. The shares were bought at an average price of $5.19 per share, for a total transaction of $48,900.18.
• On Thursday, July 2nd, Mink Brook Asset Management Ll bought 5,640 shares of DLH stock. The shares were 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 bought 4,543 shares of DLH stock. The shares were bought at an average cost of $5.25 per share, for a total transaction of $23,850.75.
• On Monday, June 29th, Mink Brook Asset Management Ll purchased 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 cost 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 shares were bought at an average price of $5.50 per share, for a total transaction of $51,386.50.
• On Wednesday, June 24th, Mink Brook Asset Management Ll acquired 3,739 shares of DLH stock. The shares were bought at an average price 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 bought at an average cost of $5.50 per share, for a total transaction of $605.00.
• On Monday, June 22nd, Mink Brook Asset Management Ll bought 624 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, with a total value of $3,432.00.

DLH Stock Down 1.5%

Shares of DLHC traded down $0.08 during trading hours on Wednesday, hitting $5.17. The stock had a trading volume of 18,605 shares, compared to its average volume of 30,157. 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 $74.93 million, a P/E ratio of -17.23 and a beta of 1.45. The firm has a 50 day simple moving average of $5.53 and a 200-day simple moving average of $5.70. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.87 and a quick ratio of 0.87.

DLH (NASDAQ:DLHC) last posted its quarterly earnings results 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). The firm had revenue of $59.27 million for the quarter, compared to analyst estimates 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently 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 shares of DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Institutional Trading of DLH

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mink Brook Asset Management LLC raised its stake in shares of DLH by 2.3% in the fourth quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock worth $14,836,000 after purchasing an additional 59,498 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of DLH by 1.2% during the third quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock valued at $2,795,000 after buying an additional 5,735 shares during the last quarter. Rothschild Wealth LLC bought a new stake in DLH during the fourth quarter worth $928,000. North Star Investment Management Corp. bought a new stake in DLH during the first quarter worth $786,000. Finally, State Street Corp raised its position 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 last quarter. 67.25% of the stock is owned by institutional investors.

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.