DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Acquires 47,882 Shares

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll purchased 47,882 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was bought at an average price of $5.50 per share, for a total transaction of $263,351.00. Following the transaction, the insider now directly owns 1,672,443 shares in the company, valued at $9,198,436.50. This trade represents a 2.95% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more 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 Thursday, June 26th, Mink Brook Asset Management Ll bought 5,198 shares of DLH stock. The stock was bought at an average price 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 price of $5.50 per share, with a total value of $42,289.50.
• On Tuesday, June 24th, Mink Brook Asset Management Ll purchased 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 stock was purchased at an average cost of $5.47 per share, for a total transaction of $14,544.73.
• On Friday, June 20th, Mink Brook Asset Management Ll bought 5,776 shares of DLH stock. The stock was purchased at an average cost of $5.47 per share, for a total transaction of $31,594.72.
• On Wednesday, June 18th, Mink Brook Asset Management Ll purchased 18,535 shares of DLH stock. The shares were purchased at an average price of $5.45 per share, for a total transaction of $101,015.75.
• On Tuesday, June 17th, Mink Brook Asset Management Ll acquired 13,180 shares of DLH stock. The stock was purchased at an average price of $5.46 per share, with a total value of $71,962.80.
• On Monday, June 16th, Mink Brook Asset Management Ll acquired 2,775 shares of DLH stock. The stock was acquired at an average cost of $5.39 per share, for a total transaction of $14,957.25.
• On Friday, June 13th, Mink Brook Asset Management Ll bought 22,982 shares of DLH stock. The shares were acquired at an average cost of $5.43 per share, with a total value of $124,792.26.
• On Thursday, June 12th, Mink Brook Asset Management Ll purchased 19,561 shares of DLH stock. The stock was acquired at an average price of $5.44 per share, for a total transaction of $106,411.84.

DLH Price Performance

Shares of NASDAQ:DLHC traded down $0.04 on Friday, reaching $5.50. 1,156,790 shares of the company were exchanged, compared to its average volume of 59,153. The company has a 50-day moving average of $4.78 and a 200-day moving average of $5.58. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15. The firm has a market cap of $79.15 million, a price-to-earnings ratio of 14.58 and a beta of 1.33. DLH Holdings Corp. has a 1-year low of $2.72 and a 1-year high of $11.99.

DLH (NASDAQ:DLHC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). DLH had a return on equity of 4.90% and a net margin of 1.44%. The company had revenue of $89.21 million for the quarter, compared to analysts' expectations of $90.00 million. Equities analysts forecast that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On DLH

Several institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in DLH by 27.6% in the 4th quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider's stock valued at $315,000 after purchasing an additional 8,481 shares in the last quarter. JPMorgan Chase & Co. boosted its position in DLH by 643.6% during the fourth quarter. JPMorgan Chase & Co. now owns 27,386 shares of the business services provider's stock worth $220,000 after purchasing an additional 23,703 shares in the last quarter. Renaissance Technologies LLC grew its holdings in DLH by 2.7% in the fourth quarter. Renaissance Technologies LLC now owns 270,068 shares of the business services provider's stock valued at $2,169,000 after purchasing an additional 7,000 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of DLH by 4.2% in 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 in the last quarter. Finally, Bank of America Corp DE increased its position in shares of DLH by 31.9% in the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider's stock valued at $62,000 after buying an additional 1,855 shares in the last quarter. Hedge funds and other institutional investors own 67.25% of the company's stock.

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).

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