DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Acquires $93,865.20 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 17,160 shares of the firm’s stock in a transaction on Friday, June 6th. The stock was acquired at an average price of $5.47 per share, for a total transaction of $93,865.20. Following the completion of the transaction, the insider now directly owns 1,494,902 shares of the company’s stock, valued at approximately $8,177,113.94. This trade represents a 1.16% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major 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 Monday, June 9th, Mink Brook Asset Management Ll purchased 4,786 shares of DLH stock. The stock was acquired at an average price of $5.48 per share, for a total transaction of $26,227.28.
• On Thursday, June 5th, Mink Brook Asset Management Ll purchased 357 shares of DLH stock. The stock was acquired at an average price of $5.13 per share, for a total transaction of $1,831.41.
• On Thursday, May 29th, Mink Brook Asset Management Ll purchased 964 shares of DLH stock. The stock was acquired at an average price of $4.97 per share, for a total transaction of $4,791.08.
• On Wednesday, May 28th, Mink Brook Asset Management Ll acquired 416 shares of DLH stock. The stock was purchased at an average cost of $5.00 per share, with a total value of $2,080.00.
• On Tuesday, May 27th, Mink Brook Asset Management Ll acquired 90 shares of DLH stock. The stock was purchased at an average cost of $5.00 per share, with a total value of $450.00.
• On Friday, May 23rd, Mink Brook Asset Management Ll acquired 2,561 shares of DLH stock. The stock was purchased at an average cost of $4.98 per share, with a total value of $12,753.78.
• On Thursday, May 22nd, Mink Brook Asset Management Ll acquired 1,230 shares of DLH stock. The stock was purchased at an average cost of $5.00 per share, with a total value of $6,150.00.
• On Wednesday, May 21st, Mink Brook Asset Management Ll acquired 10,580 shares of DLH stock. The stock was purchased at an average cost of $4.96 per share, with a total value of $52,476.80.
• On Tuesday, May 20th, Mink Brook Asset Management Ll acquired 5,111 shares of DLH stock. The stock was purchased at an average cost of $4.97 per share, with a total value of $25,401.67.
• On Monday, May 19th, Mink Brook Asset Management Ll acquired 31,872 shares of DLH stock. The stock was purchased at an average cost of $4.93 per share, with a total value of $157,128.96.

DLH Stock Performance

DLHC opened at $5.59 on Wednesday. The stock has a market capitalization of $80.42 million, a price-to-earnings ratio of 12.70 and a beta of 1.33. The company has a fifty day moving average of $4.23 and a 200 day moving average of $5.81. DLH Holdings Corp. has a fifty-two week low of $2.72 and a fifty-two week high of $12.03. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.04 and a current ratio of 1.04.

DLH (NASDAQ:DLHC) last posted its earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $89.21 million for the quarter, compared to analysts’ expectations of $90.00 million. DLH had a net margin of 1.64% and a return on equity of 5.82%. As a group, sell-side analysts forecast that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DLH

Several institutional investors have recently bought and sold shares of DLHC. Mink Brook Asset Management LLC purchased a new position in DLH during the fourth quarter valued at $10,991,000. Minerva Advisors LLC grew its stake 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 acquiring an additional 211,215 shares in the last quarter. Millennium Management LLC lifted its position in 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 purchasing an additional 52,864 shares during the last quarter. Strs Ohio bought a new position in DLH during the first quarter valued at $185,000. Finally, Wealthedge Investment Advisors LLC lifted its position in DLH by 236.4% during the first quarter. Wealthedge Investment Advisors LLC now owns 47,838 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 33,619 shares during the last quarter. 67.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of DLH from a “buy” rating to a “hold” rating in a research note on Saturday, May 17th.

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).