DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Purchases 15,280 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 15,280 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were acquired at an average price of $5.28 per share, with a total value of $80,678.40. Following the purchase, the insider owned 2,116,553 shares of the company’s stock, valued at $11,175,399.84. The trade was a 0.73% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock 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, June 25th, Mink Brook Asset Management Ll acquired 9,343 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $51,386.50.
• On Wednesday, June 24th, Mink Brook Asset Management Ll bought 3,739 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $20,564.50.
• On Tuesday, June 23rd, Mink Brook Asset Management Ll purchased 110 shares of DLH stock. The shares were bought 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 acquired 624 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $3,432.00.
• On Thursday, June 18th, Mink Brook Asset Management Ll acquired 6,460 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $35,530.00.
• On Wednesday, June 17th, Mink Brook Asset Management Ll bought 2,733 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $15,031.50.
• On Tuesday, June 16th, Mink Brook Asset Management Ll bought 3,859 shares of DLH stock. The stock was purchased 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 purchased at an average cost of $5.50 per share, for a total transaction of $390.50.
• On Monday, June 8th, Mink Brook Asset Management Ll acquired 49 shares of DLH stock. The stock was purchased 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 bought 7,494 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, for a total transaction of $41,217.00.

DLH Stock Down 3.7%

DLHC stock opened at $5.29 on Friday. The company has a market cap of $76.71 million, a price-to-earnings ratio of -17.65 and a beta of 1.45. The company has a fifty day moving average price of $5.65 and a 200 day moving average price 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 Holdings Corp. has a 12 month low of $5.12 and a 12 month high of $8.10.

DLH (NASDAQ:DLHC) last posted 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 net margin of 1.53% and a negative return on equity of 4.00%. The business 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 earnings per share for the current year.

Key Headlines Impacting DLH

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.

Wall Street Analyst Weigh In

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

Institutional Trading of DLH

Several hedge funds and other institutional investors have recently made changes to their positions in DLHC. Jane Street Group LLC acquired a new position in DLH during the fourth quarter worth about $58,000. Bank of America Corp DE grew 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 worth $62,000 after acquiring an additional 1,855 shares during the period. Qube Research & Technologies Ltd purchased a new position in DLH in the 2nd quarter valued at approximately $73,000. Strs Ohio acquired a new position in DLH during the first quarter worth $185,000. Finally, Sandia Investment Management LP purchased a new stake in DLH during the fourth quarter worth $197,000. Institutional investors and hedge funds own 67.25% of the company’s stock.

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.