Mink Brook Asset Management Ll Purchases 5,304 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 5,304 shares of the business’s stock in a transaction on Monday, May 18th. The stock was bought at an average price of $5.50 per share, for a total transaction of $29,172.00. Following the transaction, the insider directly owned 2,057,754 shares of the company’s stock, valued at approximately $11,317,647. This represents a 0.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Mink Brook Asset Management Ll also recently made the following trade(s):

• On Tuesday, May 19th, Mink Brook Asset Management Ll bought 2,397 shares of DLH stock. The stock was bought at an average price of $5.50 per share, for a total transaction of $13,183.50.
• On Thursday, May 14th, Mink Brook Asset Management Ll purchased 512 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $2,816.00.
• On Wednesday, May 13th, Mink Brook Asset Management Ll purchased 68,547 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $377,008.50.
• On Tuesday, April 7th, Mink Brook Asset Management Ll purchased 196 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $1,078.00.
• On Thursday, February 19th, Mink Brook Asset Management Ll purchased 8,048 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $44,264.00.
• On Wednesday, February 18th, Mink Brook Asset Management Ll purchased 22,057 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $121,313.50.

DLH Price Performance

Shares of NASDAQ:DLHC opened at $5.55 on Thursday. The firm has a market cap of $80.42 million, a PE ratio of -18.50 and a beta of 1.47. The firm’s fifty day moving average is $5.82 and its 200-day moving average is $5.83. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.87 and a current ratio of 0.87. DLH Holdings Corp. has a 52 week low of $4.91 and a 52 week high of $8.10.

DLH (NASDAQ:DLHC) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The business 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 earnings per share for the current year.

Hedge Funds Weigh In On DLH

A number of hedge funds have recently bought and sold shares of the company. North Star Investment Management Corp. bought a new position in DLH during the first quarter worth $786,000. Sandia Investment Management LP bought a new position in DLH during the fourth quarter worth $197,000. Rothschild Wealth LLC bought a new position in DLH during the fourth quarter worth $928,000. Mink Brook Asset Management LLC raised its stake in DLH by 2.3% during 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 buying an additional 59,498 shares during the last quarter. Finally, State Street Corp raised its stake in DLH by 28.7% during the fourth quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock worth $337,000 after buying an additional 13,300 shares during the last quarter. Institutional investors own 67.25% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. 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 report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently 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.