DLH (NASDAQ:DLHC) Major Shareholder Purchases $17,726.50 in Stock

Key Points

• Mink Brook Asset Management LLC, a major DLH shareholder, bought 3,223 shares at $5.50 each for a total of $17,726.50, increasing its stake slightly to 2,065,078 shares.
• The shareholder has been actively buying DLH stock in recent days, including several purchases in May at the same $5.50 price point, with one large buy of 68,547 shares on May 13.
• DLH shares were flat at $5.60, and the company recently reported quarterly EPS of -$0.17, slightly missing estimates even though revenue came in above expectations.

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll purchased 3,223 shares of DLH stock in a transaction dated Wednesday, May 27th. The stock was bought at an average cost of $5.50 per share, for a total transaction of $17,726.50. Following the completion of the purchase, the insider directly owned 2,065,078 shares in the company, valued at approximately $11,357,929. This trade represents a 0.16% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 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 Thursday, May 21st, Mink Brook Asset Management Ll bought 1,584 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $8,712.00.
• On Wednesday, May 20th, Mink Brook Asset Management Ll bought 120 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $660.00.
• On Tuesday, May 19th, Mink Brook Asset Management Ll bought 2,397 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $13,183.50.
• On Monday, May 18th, Mink Brook Asset Management Ll bought 5,304 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $29,172.00.
• On Thursday, May 14th, Mink Brook Asset Management Ll bought 512 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $2,816.00.
• On Wednesday, May 13th, Mink Brook Asset Management Ll bought 68,547 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $377,008.50.
• On Tuesday, April 7th, Mink Brook Asset Management Ll bought 196 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $1,078.00.

DLH Price Performance

NASDAQ DLHC remained flat at $5.60 on Thursday. 2,300 shares of the company's stock traded hands, compared to its average volume of 10,513. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00. DLH Holdings Corp. has a 12 month low of $4.95 and a 12 month high of $8.10. The firm has a market cap of $81.14 million, a P/E ratio of -18.67 and a beta of 1.47. The firm has a fifty day simple moving average of $5.79 and a 200-day simple moving average of $5.81.

DLH (NASDAQ:DLHC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.01). DLH had a negative return on equity of 4.00% and a negative net margin of 1.53%.The firm had revenue of $59.27 million for the quarter, compared to analyst estimates of $58.00 million. As a group, equities research analysts predict that DLH Holdings Corp. will post -0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings reiterated a "sell (d)" rating on shares of DLH in a report on Monday, April 20th. Zacks Research upgraded shares of DLH from a "strong sell" rating to a "hold" rating in a report on Monday, April 13th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce".

Institutional Trading of DLH

A number of large investors have recently bought and sold shares of the business. North Star Investment Management Corp. acquired a new stake in DLH during the 1st quarter worth $786,000. Sandia Investment Management LP purchased a new position in DLH during the 4th quarter worth $197,000. Rothschild Wealth LLC purchased a new position in DLH during the 4th quarter worth $928,000. Mink Brook Asset Management LLC raised its position in DLH by 2.3% during the 4th quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider's stock worth $14,836,000 after buying an additional 59,498 shares during the last quarter. Finally, State Street Corp raised its position in DLH by 28.7% during the 4th quarter. State Street Corp now owns 59,609 shares of the business services provider's stock worth $337,000 after buying an additional 13,300 shares during the last quarter. Institutional investors and hedge funds own 67.25% of the company's stock.

About DLH

DLH Holdings Corp. NASDAQ: DLHC is a provider of mission-driven professional services primarily to federal government agencies and select commercial clients. The company designs and delivers tailored solutions across a range of critical mission areas, including program and project management, consulting, technical assistance, and administrative support. Through its Healthcare Solutions offerings, DLH also specializes in supporting clinical and allied health staffing needs for federal health agencies and health systems.

Operating under its Federal Solutions segment, DLH partners with agencies such as the Department of Veterans Affairs, Department of Defense, Department of Homeland Security, and the Department of Health and Human Services.

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