Mink Brook Asset Management Ll Acquires 4,786 Shares of DLH Holdings Corp. (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 4,786 shares of the stock in a transaction dated Monday, June 9th. The stock was bought at an average cost of $5.48 per share, with a total value of $26,227.28. Following the completion of the purchase, the insider now directly owns 1,499,688 shares in the company, valued at approximately $8,218,290.24. The trade was a 0.32% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 Friday, June 6th, Mink Brook Asset Management Ll acquired 17,160 shares of DLH stock. The stock was bought at an average cost of $5.47 per share, with a total value of $93,865.20.
• On Thursday, June 5th, Mink Brook Asset Management Ll acquired 357 shares of DLH stock. The stock was bought at an average cost of $5.13 per share, with a total value of $1,831.41.
• On Thursday, May 29th, Mink Brook Asset Management Ll acquired 964 shares of DLH stock. The stock was bought at an average cost of $4.97 per share, with a total value of $4,791.08.
• On Wednesday, May 28th, Mink Brook Asset Management Ll acquired 416 shares of DLH stock. The stock was bought 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 bought 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 bought 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 bought 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 purchased 10,580 shares of DLH stock. The shares were acquired 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 purchased 5,111 shares of DLH stock. The shares were acquired 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 purchased 31,872 shares of DLH stock. The shares were acquired at an average cost of $4.93 per share, with a total value of $157,128.96.

DLH Price Performance

Shares of DLHC stock opened at $5.59 on Wednesday. DLH Holdings Corp. has a 52-week low of $2.72 and a 52-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. The firm has a market capitalization of $80.42 million, a P/E ratio of 12.70 and a beta of 1.33. The stock has a 50 day moving average price of $4.23 and a 200 day moving average price of $5.81.

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On DLH

Institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio purchased a new position in DLH during the 1st quarter worth $185,000. Mink Brook Asset Management LLC increased its holdings in DLH by 5.1% during the 1st quarter. Mink Brook Asset Management LLC now owns 1,438,507 shares of the business services provider’s stock worth $5,826,000 after purchasing an additional 69,719 shares during the period. Wealthedge Investment Advisors LLC increased its holdings in DLH by 236.4% during the 1st quarter. Wealthedge Investment Advisors LLC now owns 47,838 shares of the business services provider’s stock worth $194,000 after purchasing an additional 33,619 shares during the period. Russell Investments Group Ltd. increased its holdings in DLH by 19.5% during the 1st quarter. Russell Investments Group Ltd. now owns 60,329 shares of the business services provider’s stock worth $244,000 after purchasing an additional 9,828 shares during the period. Finally, Nuveen LLC purchased a new position in DLH during the 1st quarter worth $44,000. 67.25% of the stock is 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).