Insider Buying: DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Acquires 31,872 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 31,872 shares of the business’s stock in a transaction on Monday, May 19th. The stock was purchased at an average price of $4.93 per share, for a total transaction of $157,128.96. Following the completion of the acquisition, the insider now owns 1,448,784 shares of the company’s stock, valued at approximately $7,142,505.12. This trade represents a 2.25% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more 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 Wednesday, May 21st, Mink Brook Asset Management Ll acquired 10,580 shares of DLH stock. The stock was purchased at an average price of $4.96 per share, with a total value of $52,476.80.
• On Tuesday, May 20th, Mink Brook Asset Management Ll bought 5,111 shares of DLH stock. The shares were acquired at an average price of $4.97 per share, for a total transaction of $25,401.67.
• On Tuesday, May 13th, Mink Brook Asset Management Ll bought 10,905 shares of DLH stock. The stock was acquired at an average cost of $4.74 per share, with a total value of $51,689.70.
• On Friday, May 9th, Mink Brook Asset Management Ll purchased 11,664 shares of DLH stock. The shares were acquired at an average cost of $4.00 per share, for a total transaction of $46,656.00.
• On Wednesday, May 7th, Mink Brook Asset Management Ll acquired 7,818 shares of DLH stock. The stock was acquired at an average price of $4.00 per share, with a total value of $31,272.00.
• On Monday, May 5th, Mink Brook Asset Management Ll bought 10,065 shares of DLH stock. The shares were acquired at an average cost of $3.95 per share, with a total value of $39,756.75.
• On Friday, May 2nd, Mink Brook Asset Management Ll purchased 9,660 shares of DLH stock. The stock was bought at an average cost of $3.91 per share, for a total transaction of $37,770.60.
• On Wednesday, April 30th, Mink Brook Asset Management Ll acquired 6,097 shares of DLH stock. The shares were bought at an average cost of $3.85 per share, with a total value of $23,473.45.
• On Monday, April 28th, Mink Brook Asset Management Ll acquired 12,054 shares of DLH stock. The stock was bought at an average cost of $3.55 per share, for a total transaction of $42,791.70.

DLH Price Performance

DLHC stock opened at $5.00 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $71.93 million, a P/E ratio of 11.36 and a beta of 1.33. DLH Holdings Corp. has a fifty-two week low of $2.72 and a fifty-two week high of $12.23. The business has a 50-day moving average of $4.01 and a 200-day moving average of $6.16.

DLH (NASDAQ:DLHC) last released its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $89.21 million for the quarter, compared to analyst estimates of $90.00 million. DLH had a return on equity of 5.82% and a net margin of 1.64%. On average, sell-side analysts anticipate that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Institutional Trading of DLH

Institutional investors have recently made changes to their positions in the business. Mink Brook Asset Management LLC increased its stake in DLH by 5.1% in the 1st quarter. Mink Brook Asset Management LLC now owns 1,438,507 shares of the business services provider’s stock valued at $5,826,000 after buying an additional 69,719 shares during the last quarter. Minerva Advisors LLC grew its holdings in shares of DLH by 20.2% in the 1st quarter. Minerva Advisors LLC now owns 1,018,397 shares of the business services provider’s stock valued at $4,125,000 after acquiring an additional 170,805 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of DLH by 2.7% in the fourth quarter. Renaissance Technologies LLC now owns 270,068 shares of the business services provider’s stock valued at $2,169,000 after acquiring an additional 7,000 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of DLH by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 268,930 shares of the business services provider’s stock valued at $2,159,000 after acquiring an additional 10,921 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in DLH by 313.4% during the fourth quarter. Millennium Management LLC now owns 69,733 shares of the business services provider’s stock worth $560,000 after acquiring an additional 52,864 shares in the last quarter. Institutional investors own 67.25% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut DLH from a “buy” rating to a “hold” rating in a report on Saturday, May 17th.

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).