Mink Brook Asset Management Ll Acquires 8,048 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 8,048 shares of DLH stock in a transaction on Thursday, February 19th. The stock was purchased at an average cost of $5.50 per share, with a total value of $44,264.00. Following the purchase, the insider directly owned 1,983,195 shares of the company’s stock, valued at approximately $10,907,572.50. This trade represents a 0.41% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Major 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 Wednesday, February 18th, Mink Brook Asset Management Ll bought 22,057 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $121,313.50.
• On Tuesday, February 17th, Mink Brook Asset Management Ll bought 2,642 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $14,531.00.
• On Friday, February 13th, Mink Brook Asset Management Ll purchased 319 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $1,754.50.
• On Thursday, February 12th, Mink Brook Asset Management Ll purchased 13,577 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, with a total value of $74,673.50.
• On Thursday, January 8th, Mink Brook Asset Management Ll acquired 1,458 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $8,019.00.
• On Wednesday, January 7th, Mink Brook Asset Management Ll acquired 3,569 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, with a total value of $19,629.50.
• On Thursday, December 18th, Mink Brook Asset Management Ll bought 78 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, with a total value of $429.00.
• On Wednesday, December 17th, Mink Brook Asset Management Ll bought 44,208 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, for a total transaction of $243,144.00.
• On Thursday, December 11th, Mink Brook Asset Management Ll purchased 924 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $5,082.00.

DLH Stock Up 4.3%

DLHC stock traded up $0.24 during mid-day trading on Friday, reaching $5.81. 5,731 shares of the company traded hands, compared to its average volume of 12,424. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.03. The firm’s 50 day moving average price is $5.71 and its 200 day moving average price is $5.74. The stock has a market cap of $84.19 million, a price-to-earnings ratio of -82.99 and a beta of 1.60. DLH Holdings Corp. has a fifty-two week low of $2.72 and a fifty-two week high of $8.10.

DLH (NASDAQ:DLHC) last posted its earnings results on Monday, February 9th. The business services provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). DLH had a negative net margin of 0.33% and a negative return on equity of 0.95%. The company had revenue of $68.89 million during the quarter, compared to the consensus estimate of $70.15 million. As a group, equities research analysts predict that DLH Holdings Corp. will post -0.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DLHC has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a report on Wednesday, January 21st. Zacks Research downgraded DLH from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, DLH has a consensus rating of “Sell”.

Institutional Investors Weigh In On DLH

Several institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC bought a new position in DLH during the 4th quarter worth approximately $58,000. Bank of America Corp DE grew its holdings in shares of 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 worth $62,000 after purchasing an additional 1,855 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of DLH in the second quarter worth approximately $73,000. Quadrature Capital Ltd purchased a new position in shares of DLH in the second quarter worth $89,000. Finally, Strs Ohio bought a new stake in DLH during the 1st quarter valued at $185,000. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

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.