DLH (NASDAQ:DLHC) Major Shareholder Buys 4,543 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 4,543 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of $5.25 per share, with a total value of $23,850.75. Following the completion of the purchase, the insider directly owned 2,121,736 shares in the company, valued at $11,139,114. The trade was a 0.21% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more 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 Monday, June 29th, Mink Brook Asset Management Ll bought 640 shares of DLH stock. The stock was purchased at an average cost of $5.25 per share, with a total value of $3,360.00.
• On Friday, June 26th, Mink Brook Asset Management Ll bought 15,280 shares of DLH stock. The stock was purchased at an average price of $5.28 per share, with a total value of $80,678.40.
• On Thursday, June 25th, Mink Brook Asset Management Ll purchased 9,343 shares of DLH stock. The shares were purchased 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 purchased 3,739 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $20,564.50.
• On Tuesday, June 23rd, Mink Brook Asset Management Ll acquired 110 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $605.00.
• On Monday, June 22nd, Mink Brook Asset Management Ll acquired 624 shares of DLH stock. The stock was acquired 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 bought 6,460 shares of DLH stock. The shares were acquired at an average price 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 shares were acquired at an average cost 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 price 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.

DLH Trading Down 0.9%

Shares of DLH stock traded down $0.05 during trading on Tuesday, hitting $5.25. The company’s stock had a trading volume of 85,950 shares, compared to its average volume of 30,157. 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 52 week low of $5.12 and a 52 week high of $8.10. The stock has a market cap of $76.07 million, a price-to-earnings ratio of -17.50 and a beta of 1.45. The stock has a 50-day moving average price of $5.63 and a two-hundred day moving average price of $5.72.

DLH (NASDAQ:DLHC) last announced its 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 company had revenue of $59.27 million for the quarter, compared to the consensus estimate of $58.00 million. DLH had a negative return on equity of 4.00% and a negative net margin of 1.53%. Equities research analysts anticipate that DLH Holdings Corp. will post -0.59 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On DLH

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

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.