Mink Brook Asset Management Ll Buys 9,343 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 9,343 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were acquired at an average price of $5.50 per share, for a total transaction of $51,386.50. Following the transaction, the insider owned 2,101,273 shares in the company, valued at $11,557,001.50. This represents a 0.45% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% 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 Friday, June 26th, Mink Brook Asset Management Ll bought 15,280 shares of DLH stock. The stock was acquired at an average price of $5.28 per share, with a total value of $80,678.40.
• On Wednesday, June 24th, Mink Brook Asset Management Ll purchased 3,739 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $20,564.50.
• On Tuesday, June 23rd, Mink Brook Asset Management Ll acquired 110 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $605.00.
• On Monday, June 22nd, Mink Brook Asset Management Ll bought 624 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $3,432.00.
• On Thursday, June 18th, Mink Brook Asset Management Ll bought 6,460 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $35,530.00.
• On Wednesday, June 17th, Mink Brook Asset Management Ll purchased 2,733 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $15,031.50.
• On Tuesday, June 16th, Mink Brook Asset Management Ll acquired 3,859 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $21,224.50.
• On Tuesday, June 9th, Mink Brook Asset Management Ll acquired 71 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $390.50.
• On Monday, June 8th, Mink Brook Asset Management Ll bought 49 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $269.50.
• On Tuesday, June 2nd, Mink Brook Asset Management Ll purchased 7,494 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $41,217.00.

DLH Trading Down 3.7%

Shares of DLH stock opened at $5.29 on Friday. The stock has a market capitalization of $76.71 million, a PE ratio of -17.65 and a beta of 1.45. DLH Holdings Corp. has a 52 week low of $5.12 and a 52 week high of $8.10. The stock has a 50 day moving average price of $5.65 and a two-hundred day moving average price of $5.73. 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 (NASDAQ:DLHC) last issued its earnings results on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The firm had revenue of $59.27 million during the quarter, compared to the consensus estimate of $58.00 million. DLH had a negative return on equity of 4.00% and a negative net margin of 1.53%. As a group, equities analysts anticipate that DLH Holdings Corp. will post -0.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on DLHC shares. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. Zacks Research upgraded DLH from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce”.

DLH News Roundup

Here are the key news stories impacting DLH this week:

• Positive Sentiment: DLH announced it won a multiple-award IDIQ contract to provide logistics information technology services for the U.S. Navy, with a five-year base period and a ceiling of up to $250 million across all awardees. The award expands DLH’s potential revenue pipeline and strengthens its position in defense IT and modernization work. DLH Contract Award Opens New Growth Channels with U.S Navy
• Positive Sentiment: Major shareholder Mink Brook Asset Management increased its stake again, buying shares on June 25 and June 26 at around $5.28 to $5.50 per share. Repeated insider accumulation can signal confidence in DLH’s prospects and may help support sentiment. SEC Form 4 filing
• Neutral Sentiment: Recent short-interest data showed no reported short interest as of June 25, so there is no clear bearish positioning signal from that update.
• Negative Sentiment: DLH’s broader fundamentals remain weak: its latest earnings missed EPS estimates, revenue is down year over year, and analysts still rate the stock around “Reduce.” Those factors may limit upside even after the Navy contract news.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE grew its stake in DLH by 31.9% in the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 1,855 shares during the period. Vanguard Group Inc. raised its stake in shares of DLH by 1.2% during the 3rd 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 during the period. Minerva Advisors LLC boosted its holdings in shares of DLH by 0.5% in the 3rd quarter. Minerva Advisors LLC now owns 1,116,802 shares of the business services provider’s stock worth $6,310,000 after buying an additional 6,059 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of DLH in the 4th quarter worth about $58,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of DLH in the 2nd quarter worth about $73,000. Hedge funds and other institutional investors own 67.25% of the company’s stock.

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.