Insider Buying: DLH (NASDAQ:DLHC) Major Shareholder Purchases $35,530.00 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 6,460 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $35,530.00. Following the purchase, the insider owned 2,087,457 shares of the company’s stock, valued at $11,481,013.50. This represents a 0.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Wednesday, June 24th, Mink Brook Asset Management Ll acquired 3,739 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $20,564.50.
• On Tuesday, June 23rd, Mink Brook Asset Management Ll bought 110 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, for a total transaction of $605.00.
• On Monday, June 22nd, Mink Brook Asset Management Ll bought 624 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, for a total transaction of $3,432.00.
• On Wednesday, June 17th, Mink Brook Asset Management Ll bought 2,733 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $15,031.50.
• On Tuesday, June 16th, Mink Brook Asset Management Ll purchased 3,859 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $21,224.50.
• On Tuesday, June 9th, Mink Brook Asset Management Ll purchased 71 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $390.50.
• On Monday, June 8th, Mink Brook Asset Management Ll purchased 49 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $269.50.
• On Tuesday, June 2nd, Mink Brook Asset Management Ll acquired 7,494 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $41,217.00.
• On Wednesday, May 27th, Mink Brook Asset Management Ll acquired 3,223 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $17,726.50.
• On Thursday, May 21st, Mink Brook Asset Management Ll acquired 1,584 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $8,712.00.

DLH Price Performance

NASDAQ:DLHC opened at $5.50 on Thursday. The firm has a market capitalization of $79.69 million, a price-to-earnings ratio of -18.33 and a beta of 1.45. DLH Holdings Corp. has a 1 year low of $5.41 and a 1 year high of $8.10. The business has a 50 day simple moving average of $5.67 and a 200-day simple moving average of $5.73. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.87 and a quick ratio of 0.87.

DLH (NASDAQ:DLHC) last announced its earnings results 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). The company had revenue of $59.27 million during the quarter, compared to analysts’ expectations of $58.00 million. DLH had a negative return on equity of 4.00% and a negative net margin of 1.53%. Equities analysts forecast that DLH Holdings Corp. will post -0.59 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of DLH during the 4th quarter worth approximately $58,000. Bank of America Corp DE grew its position 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 acquiring an additional 1,855 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in DLH in the 2nd quarter valued at $73,000. Strs Ohio purchased a new stake in DLH in the first quarter worth $185,000. Finally, Sandia Investment Management LP purchased a new stake in DLH in the fourth quarter worth $197,000. Institutional investors own 67.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DLHC shares. Zacks Research upgraded shares of DLH from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a report on Monday, April 20th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently 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.