DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Acquires 15,523 Shares

Key Points

• Major shareholder Mink Brook Asset Management LLC purchased 15,523 shares of DLH Holdings Corp. at $5.50 per share, totaling $85,376.50, increasing their ownership to 1,872,027 shares.
• DLH Holdings Corp. reported a net margin of 1.27% and a return on equity of 4.08% in their last quarterly earnings, matching consensus EPS estimates of $0.02.
• 67.25% of DLH's stock is held by institutional investors, with significant positions recently acquired by firms like Millennium Management LLC and Wealthedge Investment Advisors LLC.

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll acquired 15,523 shares of the company's stock in a transaction on Tuesday, September 16th. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $85,376.50. Following the completion of the purchase, the insider directly owned 1,872,027 shares in the company, valued at $10,296,148.50. This trade represents a 0.84% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large 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 Monday, September 15th, Mink Brook Asset Management Ll acquired 74 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $407.00.
• On Friday, September 12th, Mink Brook Asset Management Ll bought 16,734 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $92,037.00.
• On Thursday, September 11th, Mink Brook Asset Management Ll bought 200 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $1,100.00.
• On Tuesday, September 2nd, Mink Brook Asset Management Ll bought 197 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $1,083.50.
• On Friday, August 29th, Mink Brook Asset Management Ll bought 181 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $995.50.
• On Thursday, August 28th, Mink Brook Asset Management Ll bought 446 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $2,453.00.
• On Friday, August 22nd, Mink Brook Asset Management Ll bought 100 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $550.00.
• On Thursday, August 21st, Mink Brook Asset Management Ll bought 18,016 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $99,088.00.
• On Wednesday, August 6th, Mink Brook Asset Management Ll bought 968 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $5,324.00.
• On Tuesday, August 5th, Mink Brook Asset Management Ll bought 245 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $1,347.50.

DLH Price Performance

Shares of DLH stock traded down $0.02 on Friday, hitting $5.61. The company's stock had a trading volume of 7,870 shares, compared to its average volume of 19,040. DLH Holdings Corp. has a 52-week low of $2.72 and a 52-week high of $9.94. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The firm has a fifty day moving average price of $5.63 and a 200-day moving average price of $4.99. The company has a market capitalization of $80.73 million, a P/E ratio of 17.53 and a beta of 1.38.

DLH (NASDAQ:DLHC - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. DLH had a net margin of 1.27% and a return on equity of 4.08%. The business had revenue of $83.34 million for the quarter, compared to analyst estimates of $83.00 million. On average, equities research analysts expect that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DLH

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted its position in shares of DLH by 31.9% in the 4th 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. Russell Investments Group Ltd. lifted its holdings in DLH by 19.5% in the 1st 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. Bard Associates Inc. purchased a new position in DLH in the 1st quarter valued at about $43,000. Nuveen LLC purchased a new position in DLH in the 1st quarter valued at about $44,000. Finally, Jane Street Group LLC purchased a new position in DLH in the 2nd quarter valued at about $65,000. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

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).