Mink Brook Asset Management Ll Purchases 4,408 Shares of DLH Holdings Corp. (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 4,408 shares of DLH stock in a transaction on Tuesday, June 10th. The shares were purchased at an average cost of $5.49 per share, with a total value of $24,199.92. Following the completion of the purchase, the insider now directly owns 1,504,096 shares in the company, valued at $8,257,487.04. This trade represents a 0.29% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 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 Thursday, June 12th, Mink Brook Asset Management Ll bought 19,561 shares of DLH stock. The shares were purchased at an average cost of $5.44 per share, with a total value of $106,411.84.
• On Wednesday, June 11th, Mink Brook Asset Management Ll bought 21,210 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $116,655.00.
• On Monday, June 9th, Mink Brook Asset Management Ll bought 4,786 shares of DLH stock. The shares were purchased at an average cost of $5.48 per share, with a total value of $26,227.28.
• On Friday, June 6th, Mink Brook Asset Management Ll bought 17,160 shares of DLH stock. The shares were purchased at an average cost of $5.47 per share, with a total value of $93,865.20.
• On Thursday, June 5th, Mink Brook Asset Management Ll bought 357 shares of DLH stock. The shares were purchased at an average cost of $5.13 per share, with a total value of $1,831.41.
• On Thursday, May 29th, Mink Brook Asset Management Ll purchased 964 shares of DLH stock. The stock was bought at an average cost of $4.97 per share, with a total value of $4,791.08.
• On Wednesday, May 28th, Mink Brook Asset Management Ll purchased 416 shares of DLH stock. The stock was bought at an average cost of $5.00 per share, with a total value of $2,080.00.
• On Tuesday, May 27th, Mink Brook Asset Management Ll purchased 90 shares of DLH stock. The stock was bought at an average cost of $5.00 per share, with a total value of $450.00.
• On Friday, May 23rd, Mink Brook Asset Management Ll purchased 2,561 shares of DLH stock. The stock was bought at an average cost of $4.98 per share, with a total value of $12,753.78.
• On Thursday, May 22nd, Mink Brook Asset Management Ll purchased 1,230 shares of DLH stock. The stock was bought at an average cost of $5.00 per share, with a total value of $6,150.00.

DLH Trading Down 1.6%

Shares of NASDAQ:DLHC opened at $5.44 on Friday. The company has a 50 day moving average of $4.36 and a 200-day moving average of $5.76. The firm has a market cap of $78.26 million, a P/E ratio of 12.36 and a beta of 1.33. DLH Holdings Corp. has a twelve month low of $2.72 and a twelve month high of $11.99. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.21.

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

Institutional Trading of DLH

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strs Ohio acquired a new stake in DLH during the first quarter valued at approximately $185,000. Mink Brook Asset Management LLC lifted its stake in DLH by 5.1% during the first 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 purchasing an additional 69,719 shares during the last quarter. Wealthedge Investment Advisors LLC lifted its stake in DLH by 236.4% during the first quarter. Wealthedge Investment Advisors LLC now owns 47,838 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 33,619 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in DLH by 19.5% during the first quarter. Russell Investments Group Ltd. now owns 60,329 shares of the business services provider’s stock valued at $244,000 after purchasing an additional 9,828 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in DLH during the first quarter valued at approximately $44,000. 67.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of DLH from a “buy” rating to a “hold” rating in a research note 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).