Mink Brook Asset Management Ll Acquires 5,000 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were bought at an average cost of $5.17 per share, with a total value of $25,850.00. Following the completion of the purchase, the insider directly owned 2,141,798 shares of the company’s stock, valued at $11,073,095.66. This represents a 0.23% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% 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 Wednesday, July 8th, Mink Brook Asset Management Ll purchased 2,275 shares of DLH stock. The stock was bought at an average price of $5.14 per share, for a total transaction of $11,693.50.
• On Monday, July 6th, Mink Brook Asset Management Ll purchased 9,422 shares of DLH stock. The stock was bought at an average price of $5.19 per share, for a total transaction of $48,900.18.
• On Thursday, July 2nd, Mink Brook Asset Management Ll purchased 5,640 shares of DLH stock. The stock was bought at an average price of $5.25 per share, for a total transaction of $29,610.00.
• On Tuesday, June 30th, Mink Brook Asset Management Ll acquired 4,543 shares of DLH stock. The shares were bought at an average cost of $5.25 per share, with a total value of $23,850.75.
• On Monday, June 29th, Mink Brook Asset Management Ll acquired 640 shares of DLH stock. The shares were purchased at an average price of $5.25 per share, with a total value of $3,360.00.
• On Friday, June 26th, Mink Brook Asset Management Ll acquired 15,280 shares of DLH stock. The shares were 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 bought 9,343 shares of DLH stock. The stock was 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 bought 3,739 shares of DLH stock. The stock was 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 purchased 110 shares of DLH stock. The shares were 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 purchased 624 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $3,432.00.

DLH Stock Performance

NASDAQ DLHC opened at $5.08 on Friday. The stock has a market capitalization of $73.61 million, a PE ratio of -16.93 and a beta of 1.45. The business has a 50 day simple moving average of $5.50 and a two-hundred day simple moving average of $5.70. 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 1-year low of $5.05 and a 1-year high of $8.10.

DLH (NASDAQ:DLHC) last issued its quarterly earnings data 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 firm had revenue of $59.27 million for 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%. On average, research analysts predict that DLH Holdings Corp. will post -0.59 EPS for the current fiscal year.

Hedge Funds Weigh In On DLH

Several large investors have recently modified their holdings of DLHC. Bank of America Corp DE raised its holdings in DLH by 31.9% during 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 buying an additional 1,855 shares during the period. Jane Street Group LLC purchased a new position in DLH during the fourth quarter worth $58,000. Qube Research & Technologies Ltd bought a new position in DLH during the second quarter valued at $73,000. Sandia Investment Management LP bought a new position in DLH during the fourth quarter valued at $197,000. Finally, Strs Ohio purchased a new stake in shares of DLH in the first quarter valued at $185,000. Institutional investors own 67.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on DLHC. Zacks Research raised shares of DLH from a “strong sell” rating to a “hold” rating in a research note 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’s stock. 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.