DLH (NASDAQ:DLHC) Major Shareholder Acquires $19,480.00 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 4,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was bought at an average cost of $4.87 per share, for a total transaction of $19,480.00. Following the purchase, the insider owned 2,171,165 shares of the company’s stock, valued at approximately $10,573,573.55. This represents a 0.18% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% 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 Friday, August 7th, Mink Brook Asset Management Ll acquired 1,000 shares of DLH stock. The shares were bought at an average cost of $4.83 per share, with a total value of $4,830.00.
• On Thursday, August 6th, Mink Brook Asset Management Ll acquired 956 shares of DLH stock. The stock was bought at an average cost of $4.81 per share, for a total transaction of $4,598.36.
• On Wednesday, August 5th, Mink Brook Asset Management Ll bought 1,049 shares of DLH stock. The stock was bought at an average cost of $4.84 per share, with a total value of $5,077.16.
• On Friday, July 31st, Mink Brook Asset Management Ll bought 441 shares of DLH stock. The shares were purchased at an average price of $4.86 per share, with a total value of $2,143.26.
• On Thursday, July 30th, Mink Brook Asset Management Ll purchased 7,944 shares of DLH stock. The stock was purchased at an average price of $4.96 per share, for a total transaction of $39,402.24.
• On Monday, July 27th, Mink Brook Asset Management Ll acquired 10 shares of DLH stock. The shares were purchased at an average cost of $5.09 per share, with a total value of $50.90.
• On Friday, July 24th, Mink Brook Asset Management Ll bought 391 shares of DLH stock. The stock was purchased at an average cost of $5.10 per share, for a total transaction of $1,994.10.
• On Thursday, July 23rd, Mink Brook Asset Management Ll bought 79 shares of DLH stock. The stock was purchased at an average price of $5.10 per share, for a total transaction of $402.90.
• On Monday, July 13th, Mink Brook Asset Management Ll purchased 4,407 shares of DLH stock. The shares were purchased at an average cost of $5.09 per share, with a total value of $22,431.63.
• On Thursday, July 9th, Mink Brook Asset Management Ll acquired 5,000 shares of DLH stock. The stock was acquired at an average price of $5.13 per share, for a total transaction of $25,650.00.

DLH Stock Performance

Shares of DLHC stock opened at $4.82 on Friday. DLH Holdings Corp. has a 12 month low of $4.71 and a 12 month high of $8.10. The company’s fifty day simple moving average is $5.31 and its 200-day simple moving average is $5.62. The firm has a market cap of $69.84 million, a PE ratio of -3.26 and a beta of 1.47. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.13.

DLH (NASDAQ:DLHC) last released its earnings results on Wednesday, July 29th. The business services provider reported ($1.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.99). DLH had a negative net margin of 8.51% and a negative return on equity of 10.42%. The business had revenue of $44.23 million during the quarter, compared to the consensus estimate of $50.00 million.

Institutional Trading of DLH

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in DLH by 31.9% in the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 1,855 shares during the last quarter. Strs Ohio acquired a new position in shares of DLH during the 1st quarter worth about $185,000. Qube Research & Technologies Ltd bought a new stake in shares of DLH in the 2nd quarter valued at about $73,000. Jane Street Group LLC bought a new stake in shares of DLH in the 2nd quarter valued at about $65,000. Finally, Vanguard Group Inc. raised its holdings 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 valued at $2,795,000 after purchasing an additional 5,735 shares during the period. 67.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DLHC has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a research report on Friday, July 17th. Zacks Research upgraded DLH from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Noble Financial reissued an “outperform” rating on shares of DLH in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

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.