Mink Brook Asset Management Ll Acquires 2,733 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 2,733 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $15,031.50. Following the purchase, the insider owned 2,080,997 shares in the company, valued at approximately $11,445,483.50. This trade represents a 0.13% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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, June 16th, Mink Brook Asset Management Ll purchased 3,859 shares of DLH stock. The shares were acquired at an average cost 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 stock was bought at an average price of $5.50 per share, with a total value of $390.50.
• On Monday, June 8th, Mink Brook Asset Management Ll purchased 49 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $269.50.
• On Tuesday, June 2nd, Mink Brook Asset Management Ll acquired 7,494 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, for a total transaction of $41,217.00.
• On Wednesday, May 27th, Mink Brook Asset Management Ll acquired 3,223 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $17,726.50.
• On Thursday, May 21st, Mink Brook Asset Management Ll bought 1,584 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $8,712.00.
• On Wednesday, May 20th, Mink Brook Asset Management Ll bought 120 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $660.00.
• On Tuesday, May 19th, Mink Brook Asset Management Ll bought 2,397 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $13,183.50.
• On Monday, May 18th, Mink Brook Asset Management Ll bought 5,304 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $29,172.00.
• On Thursday, May 14th, Mink Brook Asset Management Ll bought 512 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $2,816.00.

DLH Stock Performance

DLH stock opened at $5.44 on Friday. The firm has a market capitalization of $78.83 million, a PE ratio of -18.13 and a beta of 1.45. DLH Holdings Corp. has a one year low of $5.35 and a one year high of $8.10. The stock’s 50 day moving average price is $5.72 and its 200 day moving average price is $5.75. 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 net margin of 1.53% and a negative return on equity of 4.00%. The firm had revenue of $59.27 million during the quarter, compared to analyst estimates of $58.00 million. As a group, sell-side analysts expect that DLH Holdings Corp. will post -0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On DLH

A number of hedge funds have recently bought and sold shares of the business. North Star Investment Management Corp. purchased a new stake in DLH during the 1st quarter worth approximately $786,000. Sandia Investment Management LP purchased a new position in shares of DLH during the 4th quarter valued at approximately $197,000. Rothschild Wealth LLC purchased a new position in shares of DLH during the 4th quarter valued at approximately $928,000. Mink Brook Asset Management LLC grew its position in shares of DLH by 2.3% during the fourth quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock worth $14,836,000 after buying an additional 59,498 shares in the last quarter. Finally, State Street Corp grew its position in shares of DLH by 28.7% during the fourth quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock worth $337,000 after buying an additional 13,300 shares in the last quarter. Institutional investors and hedge funds own 67.25% of the company’s stock.

Wall Street Analyst Weigh In

DLHC has been the subject of a number of recent analyst reports. Zacks Research raised shares of DLH from a “strong sell” rating to a “hold” rating in a 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 analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company 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.