DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Acquires 7,944 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 7,944 shares of the stock in a transaction on Thursday, July 30th. The shares were bought at an average price of $4.96 per share, for a total transaction of $39,402.24. Following the completion of the transaction, the insider directly owned 2,166,724 shares of the company’s stock, valued at $10,746,951.04. This trade represents a 0.37% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more 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, July 31st, Mink Brook Asset Management Ll purchased 441 shares of DLH stock. The shares were bought at an average price of $4.86 per share, with a total value of $2,143.26.
• On Monday, July 27th, Mink Brook Asset Management Ll purchased 10 shares of DLH stock. The shares were purchased at an average cost of $5.09 per share, for a total transaction of $50.90.
• On Friday, July 24th, Mink Brook Asset Management Ll purchased 391 shares of DLH stock. The stock was purchased at an average price of $5.10 per share, for a total transaction of $1,994.10.
• On Thursday, July 23rd, Mink Brook Asset Management Ll acquired 79 shares of DLH stock. The stock was purchased at an average cost of $5.10 per share, with a total value of $402.90.
• On Monday, July 13th, Mink Brook Asset Management Ll acquired 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 shares were purchased at an average cost of $5.13 per share, with a total value of $25,650.00.
• On Wednesday, July 8th, Mink Brook Asset Management Ll bought 2,275 shares of DLH stock. The shares were purchased at an average price 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 stock was purchased 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 stock was purchased at an average cost of $5.19 per share, for a total transaction of $48,900.18.
• On Thursday, July 2nd, Mink Brook Asset Management Ll purchased 5,640 shares of DLH stock. The stock was purchased at an average price of $5.25 per share, with a total value of $29,610.00.

DLH Trading Down 0.4%

NASDAQ:DLHC opened at $4.88 on Friday. The company has a market capitalization of $70.71 million, a PE ratio of -3.30 and a beta of 1.45. The company has a quick ratio of 0.87, a current ratio of 0.67 and a debt-to-equity ratio of 1.13. DLH Holdings Corp. has a 52-week low of $4.74 and a 52-week high of $8.10. The stock has a fifty day simple moving average of $5.37 and a 200-day simple moving average of $5.65.

DLH (NASDAQ:DLHC) last released its quarterly earnings data 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). The business had revenue of $44.23 million during the quarter, compared to analysts’ expectations of $50.00 million. DLH had a negative return on equity of 10.42% and a negative net margin of 8.51%. On average, equities research analysts expect that DLH Holdings Corp. will post -0.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Noble Financial reiterated an “outperform” rating on shares of DLH in a research report on Friday. Zacks Research upgraded DLH from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Institutional Trading of DLH

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DLHC. Jane Street Group LLC purchased a new position in DLH in the 4th quarter valued at about $58,000. Bank of America Corp DE boosted its stake in shares of DLH by 31.9% during the 4th 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 purchased a new stake in shares of DLH during the second quarter worth about $73,000. Strs Ohio purchased a new stake in shares of DLH during the first quarter worth about $185,000. Finally, Sandia Investment Management LP acquired a new position in shares of DLH in the fourth quarter valued at approximately $197,000. Hedge funds and other institutional investors own 67.25% of the company’s stock.

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.