Mink Brook Asset Management Ll Acquires 3,223 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll acquired 3,223 shares of DLH stock in a transaction on Wednesday, May 27th. The shares were purchased at an average price of $5.50 per share, for a total transaction of $17,726.50. Following the completion of the purchase, the insider directly owned 2,065,078 shares of the company's stock, valued at approximately $11,357,929. This represents a 0.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more 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 Thursday, May 21st, Mink Brook Asset Management Ll acquired 1,584 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $8,712.00.
• On Wednesday, May 20th, Mink Brook Asset Management Ll acquired 120 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $660.00.
• On Tuesday, May 19th, Mink Brook Asset Management Ll acquired 2,397 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $13,183.50.
• On Monday, May 18th, Mink Brook Asset Management Ll acquired 5,304 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $29,172.00.
• On Thursday, May 14th, Mink Brook Asset Management Ll acquired 512 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $2,816.00.
• On Wednesday, May 13th, Mink Brook Asset Management Ll acquired 68,547 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $377,008.50.
• On Tuesday, April 7th, Mink Brook Asset Management Ll bought 196 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $1,078.00.

DLH Stock Performance

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NASDAQ DLHC opened at $5.60 on Friday. The firm's fifty day moving average price is $5.79 and its two-hundred day moving average price is $5.81. The stock has a market cap of $81.14 million, a PE ratio of -18.67 and a beta of 1.47. DLH Holdings Corp. has a fifty-two week low of $4.95 and a fifty-two week high of $8.10. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.87 and a current ratio of 0.87.

DLH (NASDAQ:DLHC - Get Free Report) last posted its earnings results 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 the consensus estimate of $58.00 million. DLH had a negative return on equity of 4.00% and a negative net margin of 1.53%. On average, equities analysts expect that DLH Holdings Corp. will post -0.59 EPS for the current fiscal year.

Hedge Funds Weigh In On DLH

A number of institutional investors and hedge funds have recently made changes to their positions in DLHC. Bank of America Corp DE lifted its position in 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 valued at $62,000 after acquiring an additional 1,855 shares in the last quarter. Jane Street Group LLC purchased a new position in DLH during the 4th quarter worth $58,000. Qube Research & Technologies Ltd purchased a new position in DLH during the 2nd quarter worth $73,000. Sandia Investment Management LP bought a new position in shares of DLH during the 4th quarter worth approximately $197,000. Finally, Strs Ohio bought a new position in shares of DLH during the 1st quarter worth approximately $185,000. Institutional investors own 67.25% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DLHC. Zacks Research raised shares of DLH from a "strong sell" rating to a "hold" rating in a research note on Monday, April 13th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of DLH in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Reduce".

Check Out Our Latest Report on DLHC

DLH Company Profile

(Get Free Report)

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.

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