Insider Buying: DLH (NASDAQ:DLHC) Major Shareholder Purchases $13,183.50 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 2,397 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was purchased at an average cost of $5.50 per share, with a total value of $13,183.50. Following the acquisition, the insider directly owned 2,060,151 shares in the company, valued at $11,330,830.50. This trade represents a 0.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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, May 21st, Mink Brook Asset Management Ll purchased 1,584 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $8,712.00.
• On Wednesday, May 20th, Mink Brook Asset Management Ll purchased 120 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $660.00.
• On Monday, May 18th, Mink Brook Asset Management Ll purchased 5,304 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $29,172.00.
• On Thursday, May 14th, Mink Brook Asset Management Ll purchased 512 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $2,816.00.
• On Wednesday, May 13th, Mink Brook Asset Management Ll purchased 68,547 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $377,008.50.
• On Tuesday, April 7th, Mink Brook Asset Management Ll purchased 196 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $1,078.00.
• On Thursday, February 19th, Mink Brook Asset Management Ll purchased 8,048 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $44,264.00.
• On Wednesday, February 18th, Mink Brook Asset Management Ll purchased 22,057 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $121,313.50.

DLH Price Performance

Shares of DLHC stock opened at $5.55 on Friday. DLH Holdings Corp. has a 12-month low of $4.95 and a 12-month high of $8.10. The firm has a market capitalization of $80.42 million, a price-to-earnings ratio of -18.50 and a beta of 1.47. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.00. The firm has a fifty day moving average of $5.81 and a 200-day moving average of $5.83.

DLH (NASDAQ:DLHC) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The firm had revenue of $59.27 million during the quarter, compared to analyst estimates of $58.00 million. DLH had a negative net margin of 1.53% and a negative return on equity of 4.00%. On average, equities research analysts forecast that DLH Holdings Corp. will post -0.59 earnings per share for the current year.

Institutional Investors Weigh In On DLH

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mink Brook Asset Management LLC lifted its position in DLH by 2.3% during the 4th quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock worth $14,836,000 after buying an additional 59,498 shares in the last quarter. Minerva Advisors LLC lifted its position in DLH by 0.5% during 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 in the last quarter. Vanguard Group Inc. lifted its position in 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 buying an additional 5,735 shares in the last quarter. Rothschild Wealth LLC bought a new stake in DLH during the 4th quarter worth about $928,000. Finally, North Star Investment Management Corp. bought a new stake in DLH during the 1st quarter worth about $786,000. 67.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. Zacks Research raised shares of DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, DLH has an average rating of “Reduce”.

About DLH

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.