Mink Brook Asset Management Ll Buys 5,000 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 5,000 shares of DLH stock in a transaction that occurred on Thursday, July 9th. The stock was purchased at an average cost of $5.13 per share, with a total value of $25,650.00. Following the completion of the purchase, the insider owned 2,149,073 shares in the company, valued at $11,024,744.49. The trade was a 0.23% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 bought 2,275 shares of DLH stock. The shares were acquired 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 bought 5,000 shares of DLH stock. The shares were acquired at an average cost of $5.17 per share, for a total transaction of $25,850.00.
• On Monday, July 6th, Mink Brook Asset Management Ll bought 9,422 shares of DLH stock. The shares were acquired at an average cost of $5.19 per share, with a total value of $48,900.18.
• On Thursday, July 2nd, Mink Brook Asset Management Ll bought 5,640 shares of DLH stock. The stock was acquired at an average price of $5.25 per share, with a total value of $29,610.00.
• On Tuesday, June 30th, Mink Brook Asset Management Ll purchased 4,543 shares of DLH stock. The stock was acquired at an average cost of $5.25 per share, for a total transaction of $23,850.75.
• On Monday, June 29th, Mink Brook Asset Management Ll purchased 640 shares of DLH stock. The shares were 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 acquired 15,280 shares of DLH stock. The shares were 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 acquired 9,343 shares of DLH stock. The stock was 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 acquired 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.

DLH Price Performance

Shares of DLH stock traded down $0.05 on Friday, hitting $5.03. 17,222 shares of the company were exchanged, compared to its average volume of 30,182. The stock has a market capitalization of $72.88 million, a price-to-earnings ratio of -16.77 and a beta of 1.45. The company has a 50-day moving average price of $5.50 and a 200 day moving average price of $5.70. DLH Holdings Corp. has a 1-year low of $5.03 and a 1-year high of $8.10. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.00.

DLH (NASDAQ:DLHC) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). DLH had a negative net margin of 1.53% and a negative return on equity of 4.00%. The company had revenue of $59.27 million during the quarter, compared to analysts’ expectations of $58.00 million. As a group, sell-side analysts predict that DLH Holdings Corp. will post -0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on DLHC shares. Zacks Research raised DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a research report on Monday, April 20th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Hedge Funds Weigh In On DLH

Several large investors have recently modified their holdings of the business. North Star Investment Management Corp. purchased a new position in shares of DLH during the 1st quarter worth $786,000. Sandia Investment Management LP purchased a new stake in DLH in the 4th quarter valued at about $197,000. Rothschild Wealth LLC acquired a new position in DLH in the fourth quarter valued at about $928,000. Mink Brook Asset Management LLC lifted its position in DLH by 2.3% in the fourth quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock valued at $14,836,000 after buying an additional 59,498 shares during the last quarter. Finally, State Street Corp boosted its stake in DLH by 28.7% during the fourth quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock worth $337,000 after buying an additional 13,300 shares during the period. Institutional investors and hedge funds own 67.25% of the company’s stock.

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.