Insider Buying: DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Acquires 5,776 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll purchased 5,776 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was acquired at an average price of $5.47 per share, for a total transaction of $31,594.72. Following the purchase, the insider now owns 1,608,115 shares in the company, valued at approximately $8,796,389.05. The trade was a 0.36% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major 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 Wednesday, June 18th, Mink Brook Asset Management Ll acquired 18,535 shares of DLH stock. The stock was acquired at an average cost of $5.45 per share, for a total transaction of $101,015.75.
• On Tuesday, June 17th, Mink Brook Asset Management Ll bought 13,180 shares of DLH stock. The shares were acquired at an average cost 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 stock was bought 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 purchased 22,982 shares of DLH stock. The shares were 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 bought 19,561 shares of DLH stock. The stock was bought 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 purchased 21,210 shares of DLH stock. The shares were 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 stock was purchased at an average price of $5.49 per share, with a total value of $24,199.92.
• On Monday, June 9th, Mink Brook Asset Management Ll acquired 4,786 shares of DLH stock. The shares were purchased 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 stock was purchased 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 shares were purchased at an average cost of $5.13 per share, for a total transaction of $1,831.41.

DLH Trading Up 3.7%

NASDAQ DLHC traded up $0.20 on Monday, hitting $5.65. The company's stock had a trading volume of 57,271 shares, compared to its average volume of 54,981. The company's 50-day moving average is $4.59 and its 200 day moving average is $5.61. The firm has a market cap of $81.30 million, a PE ratio of 14.87 and a beta of 1.33. DLH Holdings Corp. has a 1-year low of $2.72 and a 1-year high of $11.99. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.15.

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 the consensus estimate of $0.07 by ($0.01). The business had revenue of $89.21 million during the quarter, compared to the consensus estimate of $90.00 million. DLH had a return on equity of 4.90% and a net margin of 1.44%. As a group, analysts predict that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded DLH from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th.

Institutional Investors Weigh In On DLH

A number of institutional investors have recently made changes to their positions in DLHC. Minerva Advisors LLC raised its position in shares of DLH by 33.2% during the fourth 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 during the last quarter. Bank of New York Mellon Corp increased 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 period. JPMorgan Chase & Co. increased its position in DLH by 643.6% during the 4th quarter. JPMorgan Chase & Co. now owns 27,386 shares of the business services provider's stock valued at $220,000 after purchasing an additional 23,703 shares during the period. Renaissance Technologies LLC raised its holdings in DLH by 2.7% during the 4th quarter. Renaissance Technologies LLC now owns 270,068 shares of the business services provider's stock worth $2,169,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of DLH by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 268,930 shares of the business services provider's stock worth $2,159,000 after purchasing an additional 10,921 shares during the period. Institutional investors own 67.25% of the company's stock.

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).