Mink Brook Asset Management Ll Acquires 7,818 Shares of DLH Holdings Corp. (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 7,818 shares of the business’s stock in a transaction on Wednesday, May 7th. The stock was purchased at an average cost of $4.00 per share, with a total value of $31,272.00. Following the completion of the acquisition, the insider now owns 1,379,352 shares in the company, valued at approximately $5,517,408. This trade represents a 0.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% 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 Monday, May 5th, Mink Brook Asset Management Ll acquired 10,065 shares of DLH stock. The shares were acquired at an average cost of $3.95 per share, with a total value of $39,756.75.
• On Friday, May 2nd, Mink Brook Asset Management Ll bought 9,660 shares of DLH stock. The stock was acquired at an average price of $3.91 per share, for a total transaction of $37,770.60.
• On Wednesday, April 30th, Mink Brook Asset Management Ll purchased 6,097 shares of DLH stock. The shares were acquired at an average price of $3.85 per share, with a total value of $23,473.45.
• On Monday, April 28th, Mink Brook Asset Management Ll acquired 12,054 shares of DLH stock. The stock was bought at an average price of $3.55 per share, for a total transaction of $42,791.70.

DLH Stock Up 0.5 %

Shares of NASDAQ:DLHC opened at $4.10 on Friday. The firm has a fifty day moving average of $4.00 and a 200 day moving average of $6.34. DLH Holdings Corp. has a 52-week low of $2.72 and a 52-week high of $12.23. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $58.98 million, a PE ratio of 9.32 and a beta of 1.33.

DLH (NASDAQ:DLHC) last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $89.21 million for the quarter, compared to the consensus estimate of $90.00 million. DLH had a net margin of 1.64% and a return on equity of 5.82%. As a group, research analysts anticipate that DLH Holdings Corp. will post -0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of DLH from a “hold” rating to a “buy” rating in a research note on Friday.

Institutional Investors Weigh In On DLH

A number of hedge funds have recently made changes to their positions in the business. Mink Brook Asset Management LLC bought a new position in shares of DLH during the 4th quarter valued at $10,991,000. Minerva Advisors LLC boosted its position in DLH by 33.2% during the fourth quarter. Minerva Advisors LLC now owns 847,592 shares of the business services provider’s stock valued at $6,806,000 after buying an additional 211,215 shares during the period. Millennium Management LLC grew its stake in shares of DLH by 313.4% during the fourth quarter. Millennium Management LLC now owns 69,733 shares of the business services provider’s stock valued at $560,000 after buying an additional 52,864 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of DLH by 643.6% in the fourth quarter. JPMorgan Chase & Co. now owns 27,386 shares of the business services provider’s stock worth $220,000 after buying an additional 23,703 shares during the period. Finally, Corton Capital Inc. bought a new stake in shares of DLH in the 1st quarter valued at about $71,000. 67.25% of the stock is currently owned by institutional investors.

About DLH

DLH Holdings Corp. provides technology-enabled business process outsourcing, program management solutions, and public health research and analytics services in the United States. It offers digital transformation and cyber security solutions, including artificial intelligence and machine learning, cloud enablement, cybersecurity ecosystem, big data analytics, and modeling and simulation to the National Institutes of Health (NIH), the Defense Health Agency, Tele-medicine and Advanced Technology Research Center, and US Navy Naval Information Warfare Center (NIWC).