DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Purchases $31,594.72 in Stock

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll purchased 5,776 shares of the stock in a transaction dated Friday, June 20th. The stock was acquired at an average cost of $5.47 per share, with a total value of $31,594.72. Following the transaction, the insider now directly owns 1,608,115 shares in the company, valued at approximately $8,796,389.05. This trade represents a 0.36% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 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 Wednesday, June 18th, Mink Brook Asset Management Ll purchased 18,535 shares of DLH stock. The stock was acquired at an average cost of $5.45 per share, with a total value of $101,015.75.
• On Tuesday, June 17th, Mink Brook Asset Management Ll acquired 13,180 shares of DLH stock. The shares were purchased at an average price of $5.46 per share, with a total value of $71,962.80.
• On Monday, June 16th, Mink Brook Asset Management Ll bought 2,775 shares of DLH stock. The shares were purchased 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 shares were 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 purchased 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 cost of $5.50 per share, with a total value of $116,655.00.
• On Tuesday, June 10th, Mink Brook Asset Management Ll bought 4,408 shares of DLH stock. The shares were purchased at an average cost of $5.49 per share, with a total value of $24,199.92.
• On Monday, June 9th, Mink Brook Asset Management Ll bought 4,786 shares of DLH stock. The shares were 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 shares were bought 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 purchased 357 shares of DLH stock. The shares were bought at an average price of $5.13 per share, for a total transaction of $1,831.41.

DLH Stock Performance

Shares of DLHC stock traded down $0.02 during trading hours on Friday, hitting $5.45. The company's stock had a trading volume of 57,368 shares, compared to its average volume of 54,927. The company has a 50 day moving average of $4.59 and a 200 day moving average of $5.65. The stock has a market cap of $78.43 million, a PE ratio of 14.34 and a beta of 1.33. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15. 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 data on Wednesday, May 7th. The business services provider reported $0.06 EPS 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 business had revenue of $89.21 million during the quarter, compared to analysts' expectations of $90.00 million. On average, sell-side analysts forecast that DLH Holdings Corp. will post -0.13 EPS for the current fiscal year.

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.

Institutional Trading of DLH

A number of hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted 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 in the last quarter. Renaissance Technologies LLC lifted its holdings in 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 purchasing an additional 7,000 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in 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 valued at $315,000 after purchasing an additional 8,481 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in DLH by 19.5% during the first 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 in the last quarter. Finally, Bard Associates Inc. purchased a new position in DLH during the first quarter valued at $43,000. 67.25% of the stock is owned by hedge funds and other institutional investors.

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).

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