DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Acquires 2,659 Shares

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll purchased 2,659 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was acquired at an average cost of $5.47 per share, with a total value of $14,544.73. Following the transaction, the insider now directly owns 1,610,774 shares of the company's stock, valued at approximately $8,810,933.78. This represents a 0.17% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more 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 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 bought 900 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $4,950.00.
• On Friday, June 20th, Mink Brook Asset Management Ll bought 5,776 shares of DLH stock. The shares were acquired at an average price of $5.47 per share, for a total transaction of $31,594.72.
• On Wednesday, June 18th, Mink Brook Asset Management Ll acquired 18,535 shares of DLH stock. The stock was bought at an average price of $5.45 per share, with a total value of $101,015.75.
• On Tuesday, June 17th, Mink Brook Asset Management Ll purchased 13,180 shares of DLH stock. The stock was purchased at an average price of $5.46 per share, for a total transaction of $71,962.80.
• On Monday, June 16th, Mink Brook Asset Management Ll purchased 2,775 shares of DLH stock. The shares were acquired at an average cost of $5.39 per share, with a total value of $14,957.25.
• On Friday, June 13th, Mink Brook Asset Management Ll bought 22,982 shares of DLH stock. The stock was 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 purchased 19,561 shares of DLH stock. The shares were purchased at an average cost of $5.44 per share, for a total transaction of $106,411.84.
• On Wednesday, June 11th, Mink Brook Asset Management Ll acquired 21,210 shares of DLH stock. The shares were acquired 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 acquired at an average price of $5.49 per share, for a total transaction of $24,199.92.

DLH Stock Up 1.3%

DLH stock traded up $0.07 during mid-day trading on Thursday, reaching $5.54. The company's stock had a trading volume of 57,571 shares, compared to its average volume of 54,950. 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 Holdings Corp. has a 12 month low of $2.72 and a 12 month high of $11.99. The business's 50 day simple moving average is $4.74 and its 200 day simple moving average is $5.60. The company has a market capitalization of $79.72 million, a price-to-earnings ratio of 14.58 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 (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 company had revenue of $89.21 million during the quarter, compared to analyst estimates of $90.00 million. As a group, research analysts anticipate that DLH Holdings Corp. will post -0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its holdings in DLH by 31.9% during the fourth 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 last quarter. Renaissance Technologies LLC raised its stake 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 period. Bank of New York Mellon Corp lifted its position in shares of DLH by 27.6% in the fourth quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider's stock valued at $315,000 after buying an additional 8,481 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of DLH by 19.5% during the 1st quarter. Russell Investments Group Ltd. now owns 60,329 shares of the business services provider's stock worth $244,000 after acquiring an additional 9,828 shares during the last quarter. Finally, Bard Associates Inc. bought a new stake in DLH in the 1st quarter valued at $43,000. Institutional investors and hedge funds own 67.25% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of 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).