Mink Brook Asset Management Ll Acquires 21,210 Shares of DLH Holdings Corp. (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll purchased 21,210 shares of the stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $116,655.00. Following the completion of the acquisition, the insider now directly owns 1,525,306 shares of the company's stock, valued at approximately $8,389,183. This trade represents a 1.41% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more 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, June 12th, Mink Brook Asset Management Ll purchased 19,561 shares of DLH stock. The stock was acquired at an average price of $5.44 per share, for a total transaction of $106,411.84.
• On Tuesday, June 10th, Mink Brook Asset Management Ll purchased 4,408 shares of DLH stock. The stock was bought at an average cost of $5.49 per share, for a total transaction of $24,199.92.
• On Monday, June 9th, Mink Brook Asset Management Ll purchased 4,786 shares of DLH stock. The stock was bought at an average cost of $5.48 per share, for a total transaction of $26,227.28.
• On Friday, June 6th, Mink Brook Asset Management Ll purchased 17,160 shares of DLH stock. The stock was bought at an average cost of $5.47 per share, for a total transaction of $93,865.20.
• On Thursday, June 5th, Mink Brook Asset Management Ll bought 357 shares of DLH stock. The shares were acquired at an average cost of $5.13 per share, for a total transaction of $1,831.41.
• On Thursday, May 29th, Mink Brook Asset Management Ll bought 964 shares of DLH stock. The shares were acquired at an average cost of $4.97 per share, for a total transaction of $4,791.08.
• On Wednesday, May 28th, Mink Brook Asset Management Ll purchased 416 shares of DLH stock. The shares were purchased at an average price of $5.00 per share, with a total value of $2,080.00.
• On Tuesday, May 27th, Mink Brook Asset Management Ll purchased 90 shares of DLH stock. The shares were purchased at an average price of $5.00 per share, with a total value of $450.00.
• On Friday, May 23rd, Mink Brook Asset Management Ll bought 2,561 shares of DLH stock. The stock was bought at an average price of $4.98 per share, with a total value of $12,753.78.
• On Thursday, May 22nd, Mink Brook Asset Management Ll bought 1,230 shares of DLH stock. The stock was bought at an average price of $5.00 per share, with a total value of $6,150.00.

DLH Price Performance

NASDAQ:DLHC traded down $0.09 during trading hours on Friday, reaching $5.44. The company had a trading volume of 64,875 shares, compared to its average volume of 54,941. The stock has a 50-day moving average of $4.36 and a two-hundred day moving average of $5.74. DLH Holdings Corp. has a one year low of $2.72 and a one year high of $11.99. The firm has a market capitalization of $78.26 million, a PE ratio of 12.36 and a beta of 1.33. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.21.

DLH (NASDAQ:DLHC - Get Free Report) last announced its earnings results on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). DLH had a return on equity of 5.82% and a net margin of 1.64%. The business had revenue of $89.21 million for the quarter, compared to the consensus estimate of $90.00 million. Analysts forecast that DLH Holdings Corp. will post -0.13 earnings per share for the current year.

Hedge Funds Weigh In On DLH

Several large investors have recently made changes to their positions in the company. Mink Brook Asset Management LLC raised its position in shares of 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 worth $5,826,000 after purchasing an additional 69,719 shares during the period. Minerva Advisors LLC boosted its stake in DLH by 20.2% in the 1st quarter. Minerva Advisors LLC now owns 1,018,397 shares of the business services provider's stock valued at $4,125,000 after purchasing an additional 170,805 shares during the period. Renaissance Technologies LLC lifted its position in shares of DLH by 2.7% during the 4th quarter. Renaissance Technologies LLC now owns 270,068 shares of the business services provider's stock valued at $2,169,000 after acquiring an additional 7,000 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of DLH by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 268,930 shares of the business services provider's stock valued at $2,159,000 after acquiring an additional 10,921 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of DLH by 313.4% during the 4th quarter. Millennium Management LLC now owns 69,733 shares of the business services provider's stock worth $560,000 after buying an additional 52,864 shares in the last quarter. Institutional investors and hedge funds own 67.25% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered DLH from a "buy" rating to a "hold" rating in a 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).