DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Buys $25,778.50 in Stock

Key Points

• Mink Brook Asset Management LLC, a major shareholder of DLH Holdings Corp., purchased $25,778.50 worth of shares, acquiring 4,687 shares at $5.50 each, increasing their total holdings to 1,693,815 shares valued at approximately $9.3 million.
• DLH Holdings Corp. reported earnings of $0.02 per share for the quarter, which met analyst expectations, and the company has a market capitalization of $80.01 million.
• Institutional investors now hold 67.25% of DLH shares, with significant recent purchases from firms like Mink Brook Asset Management and Minerva Advisors.

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll acquired 4,687 shares of the company's stock in a transaction on Monday, August 4th. The stock was acquired at an average price of $5.50 per share, for a total transaction of $25,778.50. Following the completion of the purchase, the insider owned 1,693,815 shares of the company's stock, valued at $9,315,982.50. This trade represents a 0.28% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% 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 Wednesday, August 6th, Mink Brook Asset Management Ll purchased 968 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $5,324.00.
• On Tuesday, August 5th, Mink Brook Asset Management Ll acquired 245 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $1,347.50.
• On Wednesday, July 16th, Mink Brook Asset Management Ll purchased 4,843 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $26,636.50.
• On Tuesday, July 15th, Mink Brook Asset Management Ll purchased 11,842 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $65,131.00.
• On Friday, June 27th, Mink Brook Asset Management Ll acquired 47,882 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $263,351.00.
• On Thursday, June 26th, Mink Brook Asset Management Ll purchased 5,198 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $28,589.00.
• On Wednesday, June 25th, Mink Brook Asset Management Ll purchased 7,689 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $42,289.50.
• On Tuesday, June 24th, Mink Brook Asset Management Ll acquired 900 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $4,950.00.
• On Monday, June 23rd, Mink Brook Asset Management Ll purchased 2,659 shares of DLH stock. The shares were purchased at an average cost of $5.47 per share, with a total value of $14,544.73.
• On Friday, June 20th, Mink Brook Asset Management Ll acquired 5,776 shares of DLH stock. The shares were bought at an average cost of $5.47 per share, with a total value of $31,594.72.

DLH Price Performance

Shares of DLHC stock traded up $0.06 during midday trading on Wednesday, reaching $5.56. 17,549 shares of the company were exchanged, compared to its average volume of 24,485. The company's 50 day moving average price is $5.57 and its two-hundred day moving average price is $5.17. The company has a market cap of $80.01 million, a P/E ratio of 14.63 and a beta of 1.25. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.10 and a current ratio of 1.10. DLH Holdings Corp. has a 12 month low of $2.72 and a 12 month high of $11.42.

DLH (NASDAQ:DLHC - Get Free Report) last released its earnings results on Wednesday, August 6th. The business services provider reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. DLH had a net margin of 1.44% and a return on equity of 4.90%. On average, sell-side analysts expect that DLH Holdings Corp. will post -0.13 earnings per share for the current year.

Institutional Trading of DLH

A number of institutional investors and hedge funds have recently modified their holdings of the company. Mink Brook Asset Management LLC bought a new stake in shares of DLH in the 4th quarter worth about $10,991,000. Minerva Advisors LLC grew its holdings in shares of DLH by 20.2% in the 1st quarter. Minerva Advisors LLC now owns 1,018,397 shares of the business services provider's stock worth $4,125,000 after purchasing an additional 170,805 shares during the last quarter. Millennium Management LLC grew its holdings in DLH by 313.4% during the 4th quarter. Millennium Management LLC now owns 69,733 shares of the business services provider's stock worth $560,000 after acquiring an additional 52,864 shares during the last quarter. Strs Ohio bought a new stake in DLH during the 1st quarter worth about $185,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in DLH during the 2nd quarter worth about $239,000. 67.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of DLH from a "buy" rating to a "hold" rating in a research report on Saturday, May 17th.

DLH Company Profile

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).

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