Insider Buying: DLH (NASDAQ:DLHC) Major Shareholder Acquires $20,564.50 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 3,739 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were acquired at an average price of $5.50 per share, with a total value of $20,564.50. Following the acquisition, the insider owned 2,091,930 shares in the company, valued at approximately $11,505,615. The trade was a 0.18% increase in their position. The purchase 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 shares 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 acquired 15,280 shares of DLH stock. The stock was acquired at an average cost of $5.28 per share, with a total value of $80,678.40.
• On Thursday, June 25th, Mink Brook Asset Management Ll bought 9,343 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $51,386.50.
• On Tuesday, June 23rd, Mink Brook Asset Management Ll bought 110 shares of DLH stock. The shares were 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 shares were acquired at an average cost of $5.50 per share, for a total transaction of $3,432.00.
• On Thursday, June 18th, Mink Brook Asset Management Ll purchased 6,460 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value of $35,530.00.
• On Wednesday, June 17th, Mink Brook Asset Management Ll purchased 2,733 shares of DLH stock. The stock was acquired 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 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 shares were acquired at an average price of $5.50 per share, for a total transaction of $390.50.
• On Monday, June 8th, Mink Brook Asset Management Ll purchased 49 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction 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 price of $5.50 per share, for a total transaction of $41,217.00.

DLH Stock Performance

Shares of DLH stock opened at $5.29 on Friday. The firm has a market capitalization of $76.71 million, a P/E ratio of -17.65 and a beta of 1.45. 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 company has a 50 day moving average price of $5.65 and a 200 day moving average price of $5.73. DLH Holdings Corp. has a 52 week low of $5.12 and a 52 week high of $8.10.

DLH (NASDAQ:DLHC) last released 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). 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 during the quarter, compared to analyst estimates of $58.00 million. Sell-side analysts expect that DLH Holdings Corp. will post -0.59 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of DLH

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in shares of 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. Vanguard Group Inc. raised its holdings in shares of DLH by 1.2% during the third 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 last quarter. Minerva Advisors LLC raised its holdings in shares of DLH by 0.5% during the third quarter. Minerva Advisors LLC now owns 1,116,802 shares of the business services provider’s stock worth $6,310,000 after purchasing an additional 6,059 shares during the last quarter. Jane Street Group LLC acquired a new position in DLH during the fourth quarter valued at $58,000. Finally, Qube Research & Technologies Ltd acquired a new position in DLH during the second quarter valued at $73,000. 67.25% of the stock is currently owned by institutional investors and hedge funds.

Key DLH News

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.

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.