Insider Buying: DLH (NASDAQ:DLHC) Major Shareholder Buys $23,850.75 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 4,543 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was purchased at an average cost of $5.25 per share, for a total transaction of $23,850.75. Following the completion of the transaction, the insider owned 2,121,736 shares in the company, valued at approximately $11,139,114. The trade was a 0.21% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% 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 29th, Mink Brook Asset Management Ll acquired 640 shares of DLH stock. The stock was purchased at an average price 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 purchased at an average cost of $5.28 per share, with a total value of $80,678.40.
• On Thursday, June 25th, Mink Brook Asset Management Ll bought 9,343 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $51,386.50.
• On Wednesday, June 24th, Mink Brook Asset Management Ll bought 3,739 shares of DLH stock. The shares were purchased at an average price 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 acquired at an average cost of $5.50 per share, for a total transaction of $605.00.
• On Monday, June 22nd, Mink Brook Asset Management Ll purchased 624 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, for a total transaction of $3,432.00.
• On Thursday, June 18th, Mink Brook Asset Management Ll purchased 6,460 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, for a total transaction of $35,530.00.
• On Wednesday, June 17th, Mink Brook Asset Management Ll purchased 2,733 shares of DLH stock. The shares were acquired 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 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 acquired 71 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, with a total value of $390.50.

DLH Trading Down 0.8%

DLHC opened at $5.26 on Friday. 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 Holdings Corp. has a one year low of $5.12 and a one year high of $8.10. The company has a market cap of $76.22 million, a P/E ratio of -17.53 and a beta of 1.45. The business’s 50-day simple moving average is $5.58 and its 200-day simple moving average is $5.71.

DLH (NASDAQ:DLHC) last posted its earnings results on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The business had revenue of $59.27 million for 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%. As a group, equities research analysts expect that DLH Holdings Corp. will post -0.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in 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 valued at $62,000 after buying an additional 1,855 shares during the period. Vanguard Group Inc. lifted its stake in shares of DLH by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock worth $2,795,000 after acquiring an additional 5,735 shares during the period. Minerva Advisors LLC lifted its stake in shares of DLH by 0.5% in the 3rd quarter. Minerva Advisors LLC now owns 1,116,802 shares of the business services provider’s stock worth $6,310,000 after acquiring an additional 6,059 shares during the period. Jane Street Group LLC purchased a new stake in shares of DLH in the fourth quarter valued at about $58,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of DLH during the second quarter worth about $73,000. Hedge funds and other institutional investors own 67.25% of the company’s stock.

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 report on Monday, April 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, DLH 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.