DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Buys 199,099 Shares of Company Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 199,099 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was purchased at an average price of $3.70 per share, with a total value of $736,666.30. Following the completion of the acquisition, the insider owned 893,421 shares of the company’s stock, valued at approximately $3,305,657.70. This trade represents a 28.68% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 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 Monday, September 28th, Mink Brook Asset Management Ll acquired 60 shares of DLH stock. The stock was purchased at an average cost of $3.47 per share, with a total value of $208.20.
• On Thursday, September 24th, Mink Brook Asset Management Ll acquired 58 shares of DLH stock. The shares were purchased at an average price of $3.85 per share, for a total transaction of $223.30.
• On Wednesday, September 23rd, Mink Brook Asset Management Ll bought 100 shares of DLH stock. The shares were purchased at an average cost of $3.88 per share, for a total transaction of $388.00.
• On Tuesday, September 22nd, Mink Brook Asset Management Ll bought 301 shares of DLH stock. The stock was acquired at an average price of $4.00 per share, with a total value of $1,204.00.
• On Monday, September 21st, Mink Brook Asset Management Ll bought 174 shares of DLH stock. The stock was acquired at an average cost of $4.00 per share, with a total value of $696.00.
• On Friday, September 18th, Mink Brook Asset Management Ll purchased 316 shares of DLH stock. The shares were acquired at an average price of $3.93 per share, for a total transaction of $1,241.88.
• On Thursday, September 17th, Mink Brook Asset Management Ll purchased 204 shares of DLH stock. The shares were acquired at an average cost of $3.96 per share, for a total transaction of $807.84.
• On Wednesday, September 16th, Mink Brook Asset Management Ll acquired 1,000 shares of DLH stock. The stock was acquired at an average cost of $3.94 per share, with a total value of $3,940.00.
• On Tuesday, September 15th, Mink Brook Asset Management Ll acquired 621 shares of DLH stock. The stock was acquired at an average cost of $3.68 per share, with a total value of $2,285.28.
• On Monday, September 14th, Mink Brook Asset Management Ll bought 730 shares of DLH stock. The shares were acquired at an average cost of $3.84 per share, for a total transaction of $2,803.20.

DLH Stock Up 9.0%

Shares of DLHC traded up $0.33 during trading hours on Friday, reaching $4.01. The company’s stock had a trading volume of 2,258 shares, compared to its average volume of 25,325. The firm has a market cap of $58.12 million, a price-to-earnings ratio of -2.71 and a beta of 1.52. DLH Holdings Corp. has a 1-year low of $3.38 and a 1-year high of $8.10. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.13. The company has a 50 day moving average of $4.35 and a two-hundred day moving average of $5.17.

DLH (NASDAQ:DLHC) last posted its quarterly earnings results on Wednesday, July 29th. The business services provider reported ($1.16) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.99). DLH had a negative return on equity of 10.42% and a negative net margin of 8.51%.The company had revenue of $44.23 million for the quarter, compared to analyst estimates of $50.00 million. As a group, research analysts predict that DLH Holdings Corp. will post -0.76 EPS for the current fiscal year.

Institutional Trading of DLH

An institutional investor recently bought a new position in DLH stock. North Star Investment Management Corp. bought a new position in DLH Holdings Corp. (NASDAQ:DLHC) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 135,000 shares of the business services provider’s stock, valued at approximately $786,000. North Star Investment Management Corp. owned approximately 0.93% of DLH as of its most recent SEC filing. 67.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Noble Financial restated an “outperform” rating on shares of DLH in a report on Friday, July 31st. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a report on Friday, July 17th. Finally, Zacks Research raised DLH from a “strong sell” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, DLH presently has an average rating of “Hold”.

DLH Company Profile

DLH Holdings Corp. (NASDAQ: DLHC) provides technology-enabled healthcare, human services, logistics and technical solutions primarily to agencies of the U.S. federal government. Its work supports public health, medical research, clinical care, military and veteran services, and government program operations.

The company’s offerings include healthcare delivery and administration, data analytics, information technology and digital transformation, scientific and technical support, medical logistics, and program management.