DLH (NASDAQ:DLHC) Major Shareholder Buys $29,172.00 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 5,304 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were purchased at an average price of $5.50 per share, with a total value of $29,172.00. Following the transaction, the insider owned 2,057,754 shares of the company’s stock, valued at approximately $11,317,647. This represents a 0.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through 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 Tuesday, May 19th, Mink Brook Asset Management Ll acquired 2,397 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $13,183.50.
• On Thursday, May 14th, Mink Brook Asset Management Ll acquired 512 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $2,816.00.
• On Wednesday, May 13th, Mink Brook Asset Management Ll acquired 68,547 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $377,008.50.
• On Tuesday, April 7th, Mink Brook Asset Management Ll acquired 196 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $1,078.00.
• On Thursday, February 19th, Mink Brook Asset Management Ll acquired 8,048 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $44,264.00.
• On Wednesday, February 18th, Mink Brook Asset Management Ll acquired 22,057 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $121,313.50.

DLH Price Performance

Shares of DLHC traded up $0.02 during mid-day trading on Tuesday, hitting $5.52. 7,154 shares of the stock were exchanged, compared to its average volume of 10,467. The company has a market cap of $79.98 million, a PE ratio of -18.40 and a beta of 1.47. DLH Holdings Corp. has a 52-week low of $4.91 and a 52-week high of $8.10. The firm has a 50-day moving average of $5.83 and a two-hundred day moving average of $5.83. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.87 and a current ratio of 0.87.

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). DLH had a negative return on equity of 4.00% and a negative net margin of 1.53%.The firm had revenue of $59.27 million for the quarter, compared to analysts’ expectations of $58.00 million. On average, equities analysts predict that DLH Holdings Corp. will post -0.59 earnings per share for the current year.

Institutional Trading of DLH

Several hedge funds and other institutional investors have recently bought and sold shares of DLHC. Bank of America Corp DE boosted its stake in shares of 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 worth $62,000 after purchasing an additional 1,855 shares during the period. Strs Ohio purchased a new position in shares of DLH during the 1st quarter worth about $185,000. Qube Research & Technologies Ltd purchased a new position in shares of DLH during the 2nd quarter worth about $73,000. Jane Street Group LLC purchased a new position in shares of DLH during the 2nd quarter worth about $65,000. Finally, Vanguard Group Inc. boosted its stake in shares of DLH by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock worth $2,795,000 after purchasing an additional 5,735 shares during the period. Hedge funds and other institutional investors own 67.25% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. Zacks Research upgraded DLH from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.