Mink Brook Asset Management Ll Acquires 6,460 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 6,460 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were bought at an average price of $5.50 per share, for a total transaction of $35,530.00. Following the acquisition, the insider directly owned 2,087,457 shares of the company’s stock, valued at approximately $11,481,013.50. This trade represents a 0.31% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more 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 Monday, June 22nd, Mink Brook Asset Management Ll bought 624 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, with a total value of $3,432.00.
• On Wednesday, June 17th, Mink Brook Asset Management Ll bought 2,733 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $15,031.50.
• On Tuesday, June 16th, Mink Brook Asset Management Ll purchased 3,859 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $21,224.50.
• On Tuesday, June 9th, Mink Brook Asset Management Ll purchased 71 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $390.50.
• On Monday, June 8th, Mink Brook Asset Management Ll purchased 49 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $269.50.
• On Tuesday, June 2nd, Mink Brook Asset Management Ll acquired 7,494 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $41,217.00.
• On Wednesday, May 27th, Mink Brook Asset Management Ll acquired 3,223 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $17,726.50.
• On Thursday, May 21st, Mink Brook Asset Management Ll bought 1,584 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $8,712.00.
• On Wednesday, May 20th, Mink Brook Asset Management Ll acquired 120 shares of DLH stock. The shares were acquired at an average price 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 shares were acquired at an average cost of $5.50 per share, with a total value of $13,183.50.

DLH Stock Performance

DLHC opened at $5.52 on Wednesday. DLH Holdings Corp. has a fifty-two week low of $5.41 and a fifty-two week high of $8.10. The firm has a market capitalization of $79.98 million, a PE ratio of -18.40 and a beta of 1.45. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.87 and a quick ratio of 0.87. The company’s 50-day moving average is $5.69 and its 200 day moving average is $5.74.

DLH (NASDAQ:DLHC) last released its quarterly earnings results 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 company had revenue of $59.27 million for the quarter, compared to analyst estimates of $58.00 million. DLH had a negative net margin of 1.53% and a negative return on equity of 4.00%. As a group, research analysts predict that DLH Holdings Corp. will post -0.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

DLHC has been the subject of several recent analyst reports. Zacks Research upgraded shares of DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a research report on Monday, April 20th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Institutional Trading of DLH

A number of institutional investors and hedge funds have recently modified their holdings of the business. North Star Investment Management Corp. bought a new stake in DLH during the first quarter worth $786,000. Sandia Investment Management LP bought a new position in DLH in the 4th quarter valued at $197,000. Rothschild Wealth LLC purchased a new stake in shares of DLH during the 4th quarter valued at $928,000. Mink Brook Asset Management LLC raised its stake in shares of DLH by 2.3% during the 4th quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock worth $14,836,000 after purchasing an additional 59,498 shares during the period. Finally, State Street Corp boosted its holdings in shares of DLH by 28.7% in the 4th 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 during 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.