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 firm's stock in a transaction on Monday, August 4th. The stock was purchased at an average price of $5.50 per share, with a total value of $25,778.50. Following the purchase, the insider owned 1,693,815 shares in the company, valued at approximately $9,315,982.50. The trade was a 0.28% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Mink Brook Asset Management Ll also recently made the following trade(s):

• On Wednesday, August 6th, Mink Brook Asset Management Ll bought 968 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $5,324.00.
• On Tuesday, August 5th, Mink Brook Asset Management Ll bought 245 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $1,347.50.
• On Wednesday, July 16th, Mink Brook Asset Management Ll acquired 4,843 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $26,636.50.
• On Tuesday, July 15th, Mink Brook Asset Management Ll purchased 11,842 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $65,131.00.
• On Friday, June 27th, Mink Brook Asset Management Ll acquired 47,882 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $263,351.00.
• On Thursday, June 26th, Mink Brook Asset Management Ll acquired 5,198 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $28,589.00.
• On Wednesday, June 25th, Mink Brook Asset Management Ll acquired 7,689 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $42,289.50.
• On Tuesday, June 24th, Mink Brook Asset Management Ll acquired 900 shares of DLH stock. The shares were bought 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 acquired 2,659 shares of DLH stock. The shares were bought 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 Trading Down 0.9%

NASDAQ:DLHC traded down $0.05 during trading hours on Friday, reaching $5.50. The company's stock had a trading volume of 68,750 shares, compared to its average volume of 23,960. The firm has a market capitalization of $79.12 million, a price-to-earnings ratio of 17.19 and a beta of 1.25. The firm has a 50-day simple moving average of $5.60 and a 200-day simple moving average of $5.12. DLH Holdings Corp. has a 1 year low of $2.72 and a 1 year high of $11.42. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.08.

DLH (NASDAQ:DLHC - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.02 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.02. DLH had a net margin of 1.27% and a return on equity of 4.08%. The firm had revenue of $83.34 million for the quarter, compared to analysts' expectations of $83.00 million. Research analysts expect that DLH Holdings Corp. will post -0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On DLH

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position 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 valued at $220,000 after acquiring an additional 23,703 shares during the period. Millennium Management LLC increased its position in shares of DLH by 313.4% in the fourth quarter. Millennium Management LLC now owns 69,733 shares of the business services provider's stock valued at $560,000 after acquiring an additional 52,864 shares during the period. Corton Capital Inc. purchased a new position in shares of DLH during the first quarter valued at about $71,000. Dimensional Fund Advisors LP increased its position in shares of DLH by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 268,930 shares of the business services provider's stock valued at $2,159,000 after buying an additional 10,921 shares during the period. Finally, Minerva Advisors LLC increased its position in shares of DLH by 20.2% during the first quarter. Minerva Advisors LLC now owns 1,018,397 shares of the business services provider's stock valued at $4,125,000 after buying an additional 170,805 shares during the period. Hedge funds and other institutional investors own 67.25% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut 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).