DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Acquires $116,655.00 in 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 purchased at an average price of $5.50 per share, for a total transaction of $116,655.00. Following the completion of the transaction, the insider now owns 1,525,306 shares in the company, valued at $8,389,183. This trade represents a 1.41% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% 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 Thursday, June 12th, Mink Brook Asset Management Ll bought 19,561 shares of DLH stock. The shares were acquired at an average price of $5.44 per share, with a total value of $106,411.84.
• On Tuesday, June 10th, Mink Brook Asset Management Ll acquired 4,408 shares of DLH stock. The shares were bought at an average price 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 shares were acquired 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 purchased at an average cost of $5.47 per share, with a total value of $93,865.20.
• On Thursday, June 5th, Mink Brook Asset Management Ll purchased 357 shares of DLH stock. The shares were bought at an average price of $5.13 per share, with a total value of $1,831.41.
• On Thursday, May 29th, Mink Brook Asset Management Ll purchased 964 shares of DLH stock. The shares were purchased at an average price of $4.97 per share, with a total value of $4,791.08.
• On Wednesday, May 28th, Mink Brook Asset Management Ll purchased 416 shares of DLH stock. The stock was bought at an average price of $5.00 per share, for a total transaction of $2,080.00.
• On Tuesday, May 27th, Mink Brook Asset Management Ll bought 90 shares of DLH stock. The stock was bought 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 shares were purchased at an average cost of $4.98 per share, for a total transaction of $12,753.78.
• On Thursday, May 22nd, Mink Brook Asset Management Ll purchased 1,230 shares of DLH stock. The stock was purchased at an average cost of $5.00 per share, with a total value of $6,150.00.

DLH Price Performance

DLHC stock traded down $0.06 during trading on Friday, hitting $5.47. The company had a trading volume of 34,915 shares, compared to its average volume of 54,734. The company has a market cap of $78.73 million, a P/E ratio of 12.43 and a beta of 1.33. The company has a fifty day moving average price of $4.32 and a two-hundred day moving average price of $5.78. DLH Holdings Corp. has a fifty-two week low of $2.72 and a fifty-two week high of $11.99. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.21.

DLH (NASDAQ:DLHC - Get Free Report) last released its quarterly 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 net margin of 1.64% and a return on equity of 5.82%. The company had revenue of $89.21 million for the quarter, compared to the consensus estimate of $90.00 million. 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

A number of hedge funds have recently modified their holdings of DLHC. Bard Associates Inc. acquired a new stake in DLH in the 1st quarter valued at approximately $43,000. Nuveen LLC bought a new stake in shares of DLH in the 1st quarter valued at about $44,000. Bank of America Corp DE increased its position in DLH by 31.9% during the fourth 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 during the last quarter. Corton Capital Inc. bought a new position in shares of DLH during the 1st quarter worth approximately $71,000. Finally, Wealthedge Investment Advisors LLC acquired a new stake in DLH during the 4th quarter valued at $114,000. Institutional investors and hedge funds own 67.25% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of 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).