Insider Buying: DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Buys 13,180 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll bought 13,180 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was bought at an average cost of $5.46 per share, for a total transaction of $71,962.80. Following the transaction, the insider now owns 1,583,804 shares of the company's stock, valued at $8,647,569.84. The trade was a 0.84% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, June 16th, Mink Brook Asset Management Ll purchased 2,775 shares of DLH stock. The stock was bought at an average price of $5.39 per share, with a total value of $14,957.25.
• On Friday, June 13th, Mink Brook Asset Management Ll purchased 22,982 shares of DLH stock. The shares were bought at an average cost of $5.43 per share, for a total transaction of $124,792.26.
• On Thursday, June 12th, Mink Brook Asset Management Ll acquired 19,561 shares of DLH stock. The stock was bought at an average cost of $5.44 per share, with a total value of $106,411.84.
• On Wednesday, June 11th, Mink Brook Asset Management Ll bought 21,210 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $116,655.00.
• On Tuesday, June 10th, Mink Brook Asset Management Ll purchased 4,408 shares of DLH stock. The stock was purchased at an average price of $5.49 per share, with a total value of $24,199.92.
• On Monday, June 9th, Mink Brook Asset Management Ll acquired 4,786 shares of DLH stock. The shares were purchased at an average price of $5.48 per share, for a total transaction of $26,227.28.
• On Friday, June 6th, Mink Brook Asset Management Ll bought 17,160 shares of DLH stock. The stock was purchased at an average cost of $5.47 per share, for a total transaction of $93,865.20.
• On Thursday, June 5th, Mink Brook Asset Management Ll purchased 357 shares of DLH stock. The shares were acquired at an average price 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 acquired at an average price of $4.97 per share, for a total transaction of $4,791.08.
• On Wednesday, May 28th, Mink Brook Asset Management Ll acquired 416 shares of DLH stock. The stock was acquired at an average cost of $5.00 per share, with a total value of $2,080.00.

DLH Stock Performance

Shares of DLHC traded up $0.02 during trading hours on Friday, hitting $5.49. The company had a trading volume of 25,779 shares, compared to its average volume of 54,746. The business has a fifty day moving average of $4.55 and a 200-day moving average of $5.68. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.15. The firm has a market cap of $78.93 million, a price-to-earnings ratio of 14.43 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.

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

Institutional Trading of DLH

Several hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in DLH by 31.9% during the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider's stock worth $62,000 after buying an additional 1,855 shares during the period. Renaissance Technologies LLC increased its position in DLH by 2.7% during the fourth quarter. Renaissance Technologies LLC now owns 270,068 shares of the business services provider's stock worth $2,169,000 after acquiring an additional 7,000 shares during the period. Bank of New York Mellon Corp raised 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 worth $315,000 after purchasing an additional 8,481 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in DLH by 19.5% in the 1st quarter. Russell Investments Group Ltd. now owns 60,329 shares of the business services provider's stock valued at $244,000 after purchasing an additional 9,828 shares during the period. Finally, Bard Associates Inc. acquired a new position in shares of DLH during the 1st quarter worth approximately $43,000. 67.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut DLH from a "buy" rating to a "hold" rating in a research note 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).