Mink Brook Asset Management Ll Purchases 19,561 Shares of DLH Holdings Corp. (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll bought 19,561 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average price of $5.44 per share, for a total transaction of $106,411.84. Following the acquisition, the insider now owns 1,544,867 shares of the company's stock, valued at $8,404,076.48. This trade represents a 1.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large 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, June 11th, Mink Brook Asset Management Ll bought 21,210 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $116,655.00.
• On Tuesday, June 10th, Mink Brook Asset Management Ll acquired 4,408 shares of DLH stock. The shares were bought at an average price 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 acquired 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 shares were acquired at an average price of $5.47 per share, for a total transaction of $93,865.20.
• On Thursday, June 5th, Mink Brook Asset Management Ll acquired 357 shares of DLH stock. The shares were bought 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 purchased 964 shares of DLH stock. The stock was purchased at an average cost of $4.97 per share, with a total value of $4,791.08.
• On Wednesday, May 28th, Mink Brook Asset Management Ll bought 416 shares of DLH stock. The stock was bought at an average price of $5.00 per share, with a total value of $2,080.00.
• On Tuesday, May 27th, Mink Brook Asset Management Ll bought 90 shares of DLH stock. The stock was purchased at an average cost of $5.00 per share, with a total value of $450.00.
• On Friday, May 23rd, Mink Brook Asset Management Ll acquired 2,561 shares of DLH stock. The stock was acquired at an average cost of $4.98 per share, with a total value of $12,753.78.
• On Thursday, May 22nd, Mink Brook Asset Management Ll bought 1,230 shares of DLH stock. The stock was bought at an average cost of $5.00 per share, with a total value of $6,150.00.

DLH Trading Down 1.0%

Shares of NASDAQ DLHC traded down $0.06 during mid-day trading on Friday, hitting $5.47. The stock had a trading volume of 34,915 shares, compared to its average volume of 54,734. The business has a 50 day moving average price of $4.32 and a two-hundred day moving average price of $5.78. DLH Holdings Corp. has a 1 year low of $2.72 and a 1 year high of $11.99. The firm has a market cap of $78.73 million, a P/E ratio of 12.43 and a beta of 1.33. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.04 and a current ratio of 1.04.

DLH (NASDAQ:DLHC - Get Free Report) last posted its earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $90.00 million. On average, equities analysts anticipate that DLH Holdings Corp. will post -0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Minerva Advisors LLC grew its holdings in DLH by 33.2% in the fourth quarter. Minerva Advisors LLC now owns 847,592 shares of the business services provider's stock worth $6,806,000 after purchasing an additional 211,215 shares during the period. Bank of New York Mellon Corp grew its position 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 valued at $315,000 after purchasing an additional 8,481 shares during the last quarter. JPMorgan Chase & Co. raised its holdings 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 buying an additional 23,703 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of DLH by 2.7% during 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 grew its holdings 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 last quarter. Hedge funds and other institutional investors own 67.25% of the company's stock.

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.

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).