DLH Holdings Corp. $DLHC Shares Bought by Mink Brook Asset Management LLC

Mink Brook Asset Management LLC increased its position in shares of DLH Holdings Corp. (NASDAQ:DLHC) by 64.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,366,765 shares of the business services provider’s stock after purchasing an additional 928,258 shares during the quarter. DLH accounts for about 12.0% of Mink Brook Asset Management LLC’s investment portfolio, making the stock its 3rd largest holding. Mink Brook Asset Management LLC owned about 16.45% of DLH worth $13,822,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DLHC. Bank of America Corp DE lifted its position 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 buying an additional 1,855 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in DLH by 19.5% in the first quarter. Russell Investments Group Ltd. now owns 60,329 shares of the business services provider’s stock worth $244,000 after acquiring an additional 9,828 shares during the last quarter. Nuveen LLC bought a new position in shares of DLH during the first quarter valued at approximately $44,000. Jane Street Group LLC bought a new position in shares of DLH during the second quarter valued at approximately $65,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of DLH during the 2nd quarter worth approximately $73,000. Institutional investors own 67.25% of the company’s stock.

Insider Buying and Selling at DLH

In related news, major shareholder Mink Brook Asset Management Ll acquired 13,176 shares of DLH stock in a transaction that occurred on Tuesday, October 7th. The stock was acquired at an average price of $5.50 per share, with a total value of $72,468.00. Following the completion of the acquisition, the insider directly owned 1,885,303 shares of the company’s stock, valued at $10,369,166.50. This trade represents a 0.70% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought 30,809 shares of company stock worth $169,450 in the last quarter. 15.30% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of DLH in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, DLH presently has an average rating of “Sell”.

DLH Stock Performance

Shares of DLHC stock opened at $5.71 on Friday. DLH Holdings Corp. has a 12-month low of $2.72 and a 12-month high of $8.45. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.00 and a quick ratio of 1.08. The firm has a market capitalization of $82.74 million, a price-to-earnings ratio of 57.11 and a beta of 1.56. The business has a 50 day simple moving average of $5.89 and a 200 day simple moving average of $5.69.

DLH (NASDAQ:DLHC) last announced its earnings results on Wednesday, December 10th. The business services provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.08). DLH had a net margin of 0.40% and a return on equity of 1.21%. The business had revenue of $81.16 million for the quarter, compared to the consensus estimate of $83.50 million. During the same period in the previous year, the firm earned $0.16 EPS. On average, equities research analysts anticipate that DLH Holdings Corp. will post -0.13 EPS for the current year.

About DLH

DLH Holdings Corp. provides technology-enabled business process outsourcing, program management solutions, and public health research and analytics services in the United States. It offers digital transformation and cyber security solutions, including artificial intelligence and machine learning, cloud enablement, cybersecurity ecosystem, big data analytics, and modeling and simulation to the National Institutes of Health (NIH), the Defense Health Agency, Tele-medicine and Advanced Technology Research Center, and US Navy Naval Information Warfare Center (NIWC).