DLH Holdings Corp. $DLHC is Mink Brook Asset Management LLC's 6th Largest Position

Key Points

• Mink Brook Asset Management LLC increased its stake in DLH Holdings Corp. by 5.1%, now holding 1,438,507 shares valued at approximately $5.83 million, making it the 6th largest holding in its portfolio.
• Several institutional investors, including Bard Associates Inc. and Nuveen LLC, also acquired new stakes in DLH during the first quarter, contributing to a 67.25% overall institutional ownership of the stock.
• Wall Street analysts downgraded DLH from a "buy" to a "hold" rating, indicating a shift in market sentiment regarding the company's performance.

Mink Brook Asset Management LLC lifted its holdings in shares of DLH Holdings Corp. (NASDAQ:DLHC - Free Report) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,438,507 shares of the business services provider's stock after purchasing an additional 69,719 shares during the quarter. DLH accounts for approximately 6.1% of Mink Brook Asset Management LLC's portfolio, making the stock its 6th largest position. Mink Brook Asset Management LLC owned about 10.00% of DLH worth $5,826,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bard Associates Inc. purchased a new position in shares of DLH in the 1st quarter worth about $43,000. Nuveen LLC bought a new position in shares of DLH during the 1st quarter valued at $44,000. Bank of America Corp DE lifted its stake in DLH by 31.9% in the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider's stock worth $62,000 after purchasing an additional 1,855 shares during the last quarter. Corton Capital Inc. purchased a new stake in DLH during the first quarter valued at about $71,000. Finally, Wealthedge Investment Advisors LLC purchased a new position in shares of DLH in the fourth quarter worth about $114,000. 67.25% of the stock is owned by hedge funds and other institutional investors.

DLH Stock Down 0.2%

NASDAQ:DLHC traded down $0.01 during mid-day trading on Thursday, hitting $5.53. 10,172 shares of the company's stock were exchanged, compared to its average volume of 54,938. The company has a market cap of $79.55 million, a PE ratio of 17.28 and a beta of 1.25. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. DLH Holdings Corp. has a one year low of $2.72 and a one year high of $11.16. The business has a fifty day moving average price of $5.63 and a 200 day moving average price of $4.97.

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

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of DLH from a "buy" rating to a "hold" rating in a report on Saturday, May 17th.

Insider Buying and Selling

In related news, major shareholder Mink Brook Asset Management Ll purchased 18,016 shares of DLH stock in a transaction dated Thursday, August 21st. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $99,088.00. Following the completion of the acquisition, the insider directly owned 1,837,377 shares of the company's stock, valued at $10,105,573.50. The trade was a 0.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders acquired 235,759 shares of company stock valued at $1,291,093 over the last 90 days. Insiders own 15.30% of the company's stock.

DLH 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).