Insider Buying: DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Acquires 4,843 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll bought 4,843 shares of the stock in a transaction on Wednesday, July 16th. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $26,636.50. Following the acquisition, the insider directly owned 1,689,128 shares in the company, valued at approximately $9,290,204. The trade was a 0.29% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more 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 Tuesday, July 15th, Mink Brook Asset Management Ll acquired 11,842 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $65,131.00.
• On Friday, June 27th, Mink Brook Asset Management Ll acquired 47,882 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $263,351.00.
• On Thursday, June 26th, Mink Brook Asset Management Ll acquired 5,198 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, with a total value of $28,589.00.
• On Wednesday, June 25th, Mink Brook Asset Management Ll purchased 7,689 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $42,289.50.
• On Tuesday, June 24th, Mink Brook Asset Management Ll acquired 900 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, for a total transaction of $4,950.00.
• On Monday, June 23rd, Mink Brook Asset Management Ll acquired 2,659 shares of DLH stock. The shares were purchased at an average price of $5.47 per share, with a total value of $14,544.73.
• On Friday, June 20th, Mink Brook Asset Management Ll purchased 5,776 shares of DLH stock. The stock was acquired at an average price of $5.47 per share, with a total value of $31,594.72.
• On Wednesday, June 18th, Mink Brook Asset Management Ll purchased 18,535 shares of DLH stock. The stock was bought 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 stock was purchased at an average price of $5.46 per share, for a total transaction of $71,962.80.
• On Monday, June 16th, Mink Brook Asset Management Ll acquired 2,775 shares of DLH stock. The stock was purchased at an average price of $5.39 per share, for a total transaction of $14,957.25.

DLH Price Performance

DLHC traded up $0.04 during midday trading on Thursday, reaching $5.73. 29,133 shares of the company's stock were exchanged, compared to its average volume of 54,791. DLH Holdings Corp. has a 1-year low of $2.72 and a 1-year high of $11.79. The stock has a market capitalization of $82.45 million, a PE ratio of 15.08 and a beta of 1.36. The business's 50-day moving average price is $5.36 and its 200 day moving average price is $5.38. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.10 and a quick ratio of 1.10.

DLH (NASDAQ:DLHC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $89.21 million for the quarter, compared to analysts' expectations of $90.00 million. DLH had a return on equity of 4.90% and a net margin of 1.44%. As a group, equities analysts anticipate that DLH Holdings Corp. will post -0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On DLH

A number of hedge funds and other institutional investors have recently modified their holdings of DLHC. Strs Ohio acquired a new stake in shares of DLH in the first quarter worth $185,000. Mink Brook Asset Management LLC boosted its holdings in DLH by 5.1% during the first quarter. Mink Brook Asset Management LLC now owns 1,438,507 shares of the business services provider's stock valued at $5,826,000 after acquiring an additional 69,719 shares during the period. Wealthedge Investment Advisors LLC boosted its holdings in DLH by 236.4% during the first quarter. Wealthedge Investment Advisors LLC now owns 47,838 shares of the business services provider's stock valued at $194,000 after acquiring an additional 33,619 shares during the period. Russell Investments Group Ltd. grew its position in shares of DLH by 19.5% in 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 during the last quarter. Finally, Nuveen LLC acquired a new position in shares of DLH during the 1st quarter worth about $44,000. Institutional investors and hedge funds own 67.25% of the company's stock.

Wall Street Analyst Weigh In

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

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).

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