DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Purchases $263,351.00 in Stock

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll purchased 47,882 shares of the stock in a transaction dated Friday, June 27th. The stock was bought at an average cost of $5.50 per share, with a total value of $263,351.00. Following the completion of the purchase, the insider owned 1,672,443 shares in the company, valued at $9,198,436.50. The trade was a 2.95% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 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 Thursday, June 26th, Mink Brook Asset Management Ll acquired 5,198 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $28,589.00.
• On Wednesday, June 25th, Mink Brook Asset Management Ll bought 7,689 shares of DLH stock. The stock was purchased at an average price 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 purchased at an average price of $5.50 per share, with a total value of $4,950.00.
• On Monday, June 23rd, Mink Brook Asset Management Ll bought 2,659 shares of DLH stock. The shares were acquired at an average price 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 shares were acquired at an average cost of $5.47 per share, with a total value of $31,594.72.
• On Wednesday, June 18th, Mink Brook Asset Management Ll purchased 18,535 shares of DLH stock. The stock was acquired 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 bought 13,180 shares of DLH stock. The stock was bought at an average cost of $5.46 per share, for a total transaction of $71,962.80.
• On Monday, June 16th, Mink Brook Asset Management Ll acquired 2,775 shares of DLH stock. The shares were bought at an average price of $5.39 per share, for a total transaction of $14,957.25.
• On Friday, June 13th, Mink Brook Asset Management Ll acquired 22,982 shares of DLH stock. The shares were purchased at an average price 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 DLH stock traded up $0.34 during midday trading on Monday, hitting $5.84. 65,677 shares of the company traded hands, compared to its average volume of 64,116. The firm's fifty day moving average price is $4.82 and its 200-day moving average price is $5.54. The stock has a market cap of $84.04 million, a price-to-earnings ratio of 15.37 and a beta of 1.33. DLH Holdings Corp. has a 12 month low of $2.72 and a 12 month high of $11.99. 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 (NASDAQ:DLHC - Get Free Report) last announced its quarterly earnings results 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 net margin of 1.44% and a return on equity of 4.90%. The firm had revenue of $89.21 million during the quarter, compared to the consensus estimate of $90.00 million. As a group, sell-side analysts forecast that DLH Holdings Corp. will post -0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake 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 buying an additional 23,703 shares during the period. Millennium Management LLC increased its position in DLH by 313.4% during the 4th 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 period. Bank of New York Mellon Corp raised its holdings in DLH by 27.6% during the 4th quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider's stock worth $315,000 after purchasing an additional 8,481 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of DLH by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 268,930 shares of the business services provider's stock worth $2,159,000 after purchasing an additional 10,921 shares during the period. Finally, Wealthedge Investment Advisors LLC acquired a new stake in shares of DLH during the fourth quarter worth $114,000. 67.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered 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).