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 dated Thursday, June 12th. The stock was bought at an average price of $5.44 per share, for a total transaction of $106,411.84. Following the acquisition, the insider now directly owns 1,544,867 shares of the company's stock, valued at approximately $8,404,076.48. This represents a 1.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large 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 Wednesday, June 11th, Mink Brook Asset Management Ll purchased 21,210 shares of DLH stock. The shares were acquired 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 shares were acquired 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 purchased at an average cost of $5.48 per share, with a total value of $26,227.28.
• On Friday, June 6th, Mink Brook Asset Management Ll purchased 17,160 shares of DLH stock. The stock was bought at an average price of $5.47 per share, with a total value of $93,865.20.
• On Thursday, June 5th, Mink Brook Asset Management Ll purchased 357 shares of DLH stock. The stock was 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 bought 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 bought 416 shares of DLH stock. The shares were acquired 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 shares were acquired at an average price of $5.00 per share, with a total value of $450.00.
• On Friday, May 23rd, Mink Brook Asset Management Ll bought 2,561 shares of DLH stock. The shares were acquired at an average price of $4.98 per share, with a total value of $12,753.78.
• On Thursday, May 22nd, Mink Brook Asset Management Ll purchased 1,230 shares of DLH stock. The shares were purchased at an average cost of $5.00 per share, with a total value of $6,150.00.

DLH Trading Down 1.6%

Shares of NASDAQ DLHC traded down $0.09 during midday trading on Friday, reaching $5.44. The company had a trading volume of 64,875 shares, compared to its average volume of 54,941. DLH Holdings Corp. has a one year low of $2.72 and a one year high of $11.99. 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 firm's fifty day moving average price is $4.36 and its 200-day moving average price is $5.74. The stock has a market cap of $78.26 million, a PE ratio of 12.36 and a beta of 1.33.

DLH (NASDAQ:DLHC - Get Free Report) last released its earnings results 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 company had revenue of $89.21 million during the quarter, compared to the consensus estimate of $90.00 million. On average, equities research analysts anticipate that DLH Holdings Corp. will post -0.13 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DLHC. Bard Associates Inc. bought a new position in DLH during the 1st quarter valued at approximately $43,000. Nuveen LLC bought a new position in DLH during the 1st quarter valued at approximately $44,000. Bank of America Corp DE raised 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 valued at $62,000 after purchasing an additional 1,855 shares during the last quarter. Corton Capital Inc. purchased a new position in shares of DLH during the 1st quarter worth approximately $71,000. Finally, Wealthedge Investment Advisors LLC purchased a new position in shares of DLH during the 4th quarter worth approximately $114,000. Institutional investors own 67.25% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered 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).