DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Purchases 13,180 Shares

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll purchased 13,180 shares of the stock in a transaction dated Tuesday, June 17th. The shares were purchased at an average price of $5.46 per share, with a total value of $71,962.80. Following the completion of the acquisition, the insider now owns 1,583,804 shares of the company's stock, valued at approximately $8,647,569.84. This represents a 0.84% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 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 Monday, June 16th, Mink Brook Asset Management Ll bought 2,775 shares of DLH stock. The shares were purchased 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 bought 22,982 shares of DLH stock. The stock was purchased 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 bought 19,561 shares of DLH stock. The shares were acquired at an average price of $5.44 per share, for a total transaction of $106,411.84.
• On Wednesday, June 11th, Mink Brook Asset Management Ll bought 21,210 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $116,655.00.
• On Tuesday, June 10th, Mink Brook Asset Management Ll purchased 4,408 shares of DLH stock. The shares were bought at an average cost of $5.49 per share, for a total transaction of $24,199.92.
• On Monday, June 9th, Mink Brook Asset Management Ll bought 4,786 shares of DLH stock. The stock was purchased at an average cost of $5.48 per share, for a total transaction of $26,227.28.
• On Friday, June 6th, Mink Brook Asset Management Ll acquired 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 stock was acquired at an average price of $5.13 per share, for a total transaction of $1,831.41.
• On Thursday, May 29th, Mink Brook Asset Management Ll acquired 964 shares of DLH stock. The shares were acquired at an average price of $4.97 per share, with a total value of $4,791.08.
• On Wednesday, May 28th, Mink Brook Asset Management Ll acquired 416 shares of DLH stock. The stock was bought at an average cost of $5.00 per share, for a total transaction of $2,080.00.

DLH Stock Down 1.3%

Shares of DLH stock traded down $0.07 during trading hours on Tuesday, hitting $5.46. 43,200 shares of the company's stock traded hands, compared to its average volume of 54,912. DLH Holdings Corp. has a twelve month low of $2.72 and a twelve month high of $11.99. The company has a market cap of $78.55 million, a PE ratio of 12.41 and a beta of 1.33. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.21. The stock has a 50 day simple moving average of $4.41 and a 200-day simple moving average of $5.70.

DLH (NASDAQ:DLHC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). DLH had a net margin of 1.64% and a return on equity of 5.82%. The business had revenue of $89.21 million for the quarter, compared to analyst estimates of $90.00 million. Equities research analysts anticipate that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Institutional Trading of DLH

Institutional investors have recently added to or reduced their stakes in the stock. Minerva Advisors LLC grew its holdings in DLH by 33.2% during the 4th quarter. Minerva Advisors LLC now owns 847,592 shares of the business services provider's stock worth $6,806,000 after acquiring an additional 211,215 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of DLH by 27.6% during the fourth 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. JPMorgan Chase & Co. grew its stake in DLH by 643.6% in 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 increased 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 buying an additional 7,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in 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 in the last quarter. 67.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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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