DLH (NASDAQ:DLHC) Major Shareholder Acquires $17,726.50 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 3,223 shares of the stock in a transaction dated Wednesday, May 27th. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $17,726.50. Following the acquisition, the insider owned 2,065,078 shares in the company, valued at $11,357,929. The trade was a 0.16% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, May 21st, Mink Brook Asset Management Ll bought 1,584 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $8,712.00.
• On Wednesday, May 20th, Mink Brook Asset Management Ll bought 120 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $660.00.
• On Tuesday, May 19th, Mink Brook Asset Management Ll bought 2,397 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $13,183.50.
• On Monday, May 18th, Mink Brook Asset Management Ll bought 5,304 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $29,172.00.
• On Thursday, May 14th, Mink Brook Asset Management Ll bought 512 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $2,816.00.
• On Wednesday, May 13th, Mink Brook Asset Management Ll bought 68,547 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $377,008.50.
• On Tuesday, April 7th, Mink Brook Asset Management Ll bought 196 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $1,078.00.

DLH Stock Up 0.2%

DLHC opened at $5.61 on Friday. The firm’s 50-day simple moving average is $5.78 and its 200-day simple moving average is $5.81. 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 Holdings Corp. has a twelve month low of $4.95 and a twelve month high of $8.10. The firm has a market cap of $81.29 million, a price-to-earnings ratio of -18.70 and a beta of 1.47.

DLH (NASDAQ:DLHC) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). DLH had a negative return on equity of 4.00% and a negative net margin of 1.53%.The company had revenue of $59.27 million for the quarter, compared to the consensus estimate of $58.00 million. Equities research analysts anticipate that DLH Holdings Corp. will post -0.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Mink Brook Asset Management LLC boosted its stake in shares of DLH by 8.4% in the 3rd quarter. Mink Brook Asset Management LLC now owns 2,566,349 shares of the business services provider’s stock valued at $14,500,000 after purchasing an additional 199,584 shares during the last quarter. Minerva Advisors LLC boosted its stake 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 valued at $6,310,000 after purchasing an additional 6,059 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of DLH by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock valued at $2,795,000 after purchasing an additional 5,735 shares during the last quarter. Rothschild Wealth LLC bought a new position in shares of DLH in the 4th quarter valued at about $928,000. Finally, State Street Corp boosted its stake in shares of DLH by 28.7% in the 4th quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock valued at $337,000 after purchasing an additional 13,300 shares during the last quarter. 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.