DLH (NASDAQ:DLHC) Major Shareholder Acquires $48,900.18 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 9,422 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were bought at an average cost of $5.19 per share, with a total value of $48,900.18. Following the completion of the acquisition, the insider directly owned 2,136,798 shares in the company, valued at $11,089,981.62. The trade was a 0.44% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Mink Brook Asset Management Ll also recently made the following trade(s):

• On Wednesday, July 8th, Mink Brook Asset Management Ll acquired 2,275 shares of DLH stock. The shares were purchased at an average cost of $5.14 per share, for a total transaction of $11,693.50.
• On Tuesday, July 7th, Mink Brook Asset Management Ll acquired 5,000 shares of DLH stock. The stock was acquired at an average price of $5.17 per share, with a total value of $25,850.00.
• On Thursday, July 2nd, Mink Brook Asset Management Ll bought 5,640 shares of DLH stock. The shares were acquired at an average cost of $5.25 per share, for a total transaction of $29,610.00.
• On Tuesday, June 30th, Mink Brook Asset Management Ll bought 4,543 shares of DLH stock. The stock was acquired at an average price of $5.25 per share, for a total transaction of $23,850.75.
• On Monday, June 29th, Mink Brook Asset Management Ll bought 640 shares of DLH stock. The stock was acquired 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 purchased 15,280 shares of DLH stock. The stock was acquired 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 purchased 9,343 shares of DLH stock. The shares were acquired 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 acquired 3,739 shares of DLH stock. The stock was bought at an average price of $5.50 per share, for a total transaction of $20,564.50.
• On Tuesday, June 23rd, Mink Brook Asset Management Ll bought 110 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $605.00.
• On Monday, June 22nd, Mink Brook Asset Management Ll bought 624 shares of DLH stock. The shares were bought at an average price of $5.50 per share, with a total value of $3,432.00.

DLH Price Performance

Shares of DLH stock opened at $5.17 on Thursday. 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 business’s 50 day simple moving average is $5.51 and its two-hundred day simple moving average is $5.70. The stock has a market capitalization of $74.91 million, a P/E ratio of -17.23 and a beta of 1.45. DLH Holdings Corp. has a one year low of $5.10 and a one year high of $8.10.

DLH (NASDAQ:DLHC) last released its quarterly earnings data on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share 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 analysts’ expectations of $58.00 million. DLH had a negative net margin of 1.53% and a negative return on equity of 4.00%. Analysts forecast that DLH Holdings Corp. will post -0.59 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DLHC shares. Zacks Research upgraded DLH from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a report on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Institutional Trading of DLH

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in shares of 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 worth $62,000 after acquiring an additional 1,855 shares in the last quarter. Strs Ohio purchased a new position in shares of DLH in the 1st quarter valued at approximately $185,000. Qube Research & Technologies Ltd bought a new stake in shares of DLH during the second quarter valued at approximately $73,000. Jane Street Group LLC bought a new stake in shares of DLH during the second quarter valued at approximately $65,000. Finally, Vanguard Group Inc. grew its stake in DLH by 1.2% in the third quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock worth $2,795,000 after purchasing an additional 5,735 shares during the period. 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.