DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Buys 16,734 Shares

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 16,734 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was acquired at an average cost of $5.50 per share, with a total value of $92,037.00. Following the completion of the purchase, the insider owned 1,856,430 shares of the company’s stock, valued at $10,210,365. This trade represents a 0.91% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, September 11th, Mink Brook Asset Management Ll bought 200 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $1,100.00.
• On Tuesday, September 2nd, Mink Brook Asset Management Ll acquired 197 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $1,083.50.
• On Friday, August 29th, Mink Brook Asset Management Ll purchased 181 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $995.50.
• On Thursday, August 28th, Mink Brook Asset Management Ll purchased 446 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $2,453.00.
• On Friday, August 22nd, Mink Brook Asset Management Ll bought 100 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $550.00.
• On Thursday, August 21st, Mink Brook Asset Management Ll acquired 18,016 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $99,088.00.
• On Wednesday, August 6th, Mink Brook Asset Management Ll purchased 968 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $5,324.00.
• On Tuesday, August 5th, Mink Brook Asset Management Ll bought 245 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $1,347.50.
• On Monday, August 4th, Mink Brook Asset Management Ll acquired 4,687 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, with a total value of $25,778.50.
• On Wednesday, July 16th, Mink Brook Asset Management Ll purchased 4,843 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, with a total value of $26,636.50.

DLH Stock Performance

NASDAQ DLHC opened at $5.50 on Friday. DLH Holdings Corp. has a 1 year low of $2.72 and a 1 year high of $10.47. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $79.12 million, a PE ratio of 17.19 and a beta of 1.38. The company has a fifty day moving average of $5.64 and a 200 day moving average of $4.96.

DLH (NASDAQ:DLHC) last announced its quarterly earnings results on Wednesday, August 6th. The business services provider reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $83.34 million for the quarter, compared to the consensus estimate of $83.00 million. DLH had a return on equity of 4.08% and a net margin of 1.27%. Research analysts forecast that DLH Holdings Corp. will post -0.13 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered DLH from a “buy” rating to a “hold” rating in a research report on Saturday, May 17th.

Hedge Funds Weigh In On DLH

A number of hedge funds have recently bought and sold shares of DLHC. Mink Brook Asset Management LLC grew its holdings in DLH by 64.5% in the second quarter. Mink Brook Asset Management LLC now owns 2,366,765 shares of the business services provider’s stock valued at $13,822,000 after purchasing an additional 928,258 shares during the period. Minerva Advisors LLC increased its holdings in DLH by 9.1% in the 2nd quarter. Minerva Advisors LLC now owns 1,110,743 shares of the business services provider’s stock worth $6,442,000 after acquiring an additional 92,346 shares in the last quarter. Dimensional Fund Advisors LP raised its position in DLH by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 268,930 shares of the business services provider’s stock worth $2,159,000 after acquiring an additional 10,921 shares during the period. RBF Capital LLC purchased a new position in DLH during the second quarter valued at $1,314,000. Finally, Millennium Management LLC grew its position in shares of DLH by 313.4% in the fourth quarter. Millennium Management LLC now owns 69,733 shares of the business services provider’s stock valued at $560,000 after purchasing an additional 52,864 shares during the period. Hedge funds and other institutional investors own 67.25% of the company’s stock.

DLH Company Profile

DLH Holdings Corp. provides technology-enabled business process outsourcing, program management solutions, and public health research and analytics services in the United States. It offers digital transformation and cyber security solutions, including artificial intelligence and machine learning, cloud enablement, cybersecurity ecosystem, big data analytics, and modeling and simulation to the National Institutes of Health (NIH), the Defense Health Agency, Tele-medicine and Advanced Technology Research Center, and US Navy Naval Information Warfare Center (NIWC).