DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Purchases 68,547 Shares

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 68,547 shares of DLH stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $5.50 per share, with a total value of $377,008.50. Following the transaction, the insider owned 2,051,938 shares in the company, valued at $11,285,659. This represents a 3.46% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large 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 Thursday, May 14th, Mink Brook Asset Management Ll acquired 512 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $2,816.00.
• On Tuesday, April 7th, Mink Brook Asset Management Ll bought 196 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $1,078.00.
• On Thursday, February 19th, Mink Brook Asset Management Ll bought 8,048 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value of $44,264.00.
• On Wednesday, February 18th, Mink Brook Asset Management Ll bought 22,057 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $121,313.50.
• On Tuesday, February 17th, Mink Brook Asset Management Ll purchased 2,642 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $14,531.00.
• On Friday, February 13th, Mink Brook Asset Management Ll purchased 319 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $1,754.50.

DLH Price Performance

NASDAQ:DLHC opened at $5.50 on Friday. The business’s fifty day moving average price is $5.85 and its 200 day moving average price is $5.84. The firm has a market capitalization of $79.70 million, a price-to-earnings ratio of -18.33 and a beta of 1.47. 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 1-year low of $4.75 and a 1-year high of $8.10.

DLH (NASDAQ:DLHC) last issued its 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 business had revenue of $59.27 million during the quarter, compared to analyst estimates of $58.00 million. DLH had a negative net margin of 1.53% and a negative return on equity of 4.00%. On average, sell-side analysts forecast that DLH Holdings Corp. will post -0.59 earnings per share for the current fiscal year.

Institutional Trading of DLH

A number of institutional investors have recently added to or reduced their stakes in the business. Mink Brook Asset Management LLC increased its stake in shares of DLH by 2.3% during the 4th 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. Minerva Advisors LLC boosted its holdings in DLH by 0.5% in the third quarter. Minerva Advisors LLC now owns 1,116,802 shares of the business services provider’s stock worth $6,310,000 after purchasing an additional 6,059 shares in the last quarter. Vanguard Group Inc. boosted its holdings in DLH by 1.2% in the third quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock worth $2,795,000 after purchasing an additional 5,735 shares in the last quarter. Rothschild Wealth LLC acquired a new position in DLH during the fourth quarter worth $928,000. Finally, North Star Investment Management Corp. acquired a new position in DLH during the first quarter worth $786,000. 67.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DLHC shares. Zacks Research upgraded DLH from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a research report on Monday, April 20th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, DLH currently has an average rating of “Reduce”.

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.