DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Acquires 3,223 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 3,223 shares of DLH stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average price of $5.50 per share, with a total value of $17,726.50. Following the completion of the purchase, the insider owned 2,065,078 shares in the company, valued at approximately $11,357,929. The trade was a 0.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock 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 21st, Mink Brook Asset Management Ll acquired 1,584 shares of DLH stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were acquired at an average price of $5.50 per share, with a total value of $1,078.00.

DLH Stock Performance

DLH stock opened at $5.60 on Friday. The firm has a 50-day moving average of $5.79 and a 200-day moving average of $5.81. DLH Holdings Corp. has a one year low of $4.95 and a one year high of $8.10. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $81.14 million, a price-to-earnings ratio of -18.67 and a beta of 1.47.

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

Institutional Investors Weigh In On DLH

A number of institutional investors have recently made changes to their positions in DLHC. Jane Street Group LLC bought a new stake in shares of DLH during the fourth quarter worth approximately $58,000. Bank of America Corp DE boosted its holdings in shares of 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 worth $62,000 after acquiring an additional 1,855 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of DLH during the second quarter worth approximately $73,000. Strs Ohio bought a new stake in shares of DLH during the first quarter worth approximately $185,000. Finally, Sandia Investment Management LP bought a new stake in shares of DLH during the fourth quarter worth approximately $197,000. Institutional investors own 67.25% of the company’s stock.

Analyst Ratings Changes

DLHC has been the subject of several recent analyst reports. Zacks Research upgraded shares of DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus 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.