Mink Brook Asset Management Ll Purchases 2,275 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 2,275 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was bought at an average price of $5.14 per share, for a total transaction of $11,693.50. Following the completion of the transaction, the insider owned 2,144,073 shares of the company’s stock, valued at $11,020,535.22. The trade was a 0.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Mink Brook Asset Management Ll also recently made the following trade(s):

• On Tuesday, July 7th, Mink Brook Asset Management Ll bought 5,000 shares of DLH stock. The stock was bought at an average cost of $5.17 per share, for a total transaction of $25,850.00.
• On Monday, July 6th, Mink Brook Asset Management Ll bought 9,422 shares of DLH stock. The shares were bought at an average price of $5.19 per share, with a total value 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 cost of $5.25 per share, with a total value of $29,610.00.
• On Tuesday, June 30th, Mink Brook Asset Management Ll purchased 4,543 shares of DLH stock. The stock was bought at an average cost of $5.25 per share, for a total transaction of $23,850.75.
• On Monday, June 29th, Mink Brook Asset Management Ll purchased 640 shares of DLH stock. The stock was bought at an average cost of $5.25 per share, for a total transaction of $3,360.00.
• On Friday, June 26th, Mink Brook Asset Management Ll acquired 15,280 shares of DLH stock. The shares were bought at an average price of $5.28 per share, for a total transaction of $80,678.40.
• 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, with a total value of $51,386.50.
• On Wednesday, June 24th, Mink Brook Asset Management Ll acquired 3,739 shares of DLH stock. The shares were bought 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 bought at an average price of $5.50 per share, with a total value of $605.00.
• On Monday, June 22nd, Mink Brook Asset Management Ll bought 624 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $3,432.00.

DLH Trading Down 1.7%

NASDAQ DLHC opened at $5.08 on Friday. The stock’s 50-day simple moving average is $5.50 and its two-hundred day simple moving average is $5.70. DLH Holdings Corp. has a twelve month low of $5.05 and a twelve month high of $8.10. 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 market capitalization of $73.61 million, a price-to-earnings ratio of -16.93 and a beta of 1.45.

DLH (NASDAQ:DLHC) last posted its quarterly earnings data on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The firm 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%. Research analysts forecast that DLH Holdings Corp. will post -0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DLHC. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. Zacks Research raised shares of DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, DLH presently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On DLH

Institutional investors and hedge funds have recently modified their holdings of the stock. Mink Brook Asset Management LLC increased its position in shares of DLH by 8.4% during the third quarter. Mink Brook Asset Management LLC now owns 2,566,349 shares of the business services provider’s stock valued at $14,500,000 after buying an additional 199,584 shares during the period. North Star Investment Management Corp. bought a new position in DLH in the first quarter worth about $786,000. Jane Street Group LLC purchased a new stake in DLH in the fourth quarter worth about $58,000. Strs Ohio purchased a new stake in DLH in the first quarter worth about $185,000. Finally, State Street Corp boosted its position in DLH by 28.7% during the 4th quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock valued at $337,000 after acquiring an additional 13,300 shares in the last quarter. 67.25% of the stock is owned by hedge funds and other 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.