DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Purchases 2,775 Shares

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll purchased 2,775 shares of the stock in a transaction dated Monday, June 16th. The stock was bought at an average cost of $5.39 per share, with a total value of $14,957.25. Following the transaction, the insider now owns 1,570,624 shares in the company, valued at $8,465,663.36. The trade was a 0.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Tuesday, June 17th, Mink Brook Asset Management Ll bought 13,180 shares of DLH stock. The stock was purchased at an average cost of $5.46 per share, with a total value of $71,962.80.
• On Friday, June 13th, Mink Brook Asset Management Ll bought 22,982 shares of DLH stock. The shares were acquired at an average price of $5.43 per share, for a total transaction of $124,792.26.
• On Thursday, June 12th, Mink Brook Asset Management Ll acquired 19,561 shares of DLH stock. The shares were purchased at an average price of $5.44 per share, with a total value of $106,411.84.
• On Wednesday, June 11th, Mink Brook Asset Management Ll acquired 21,210 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $116,655.00.
• On Tuesday, June 10th, Mink Brook Asset Management Ll bought 4,408 shares of DLH stock. The shares were purchased 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 bought 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 acquired at an average price of $5.47 per share, for a total transaction 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, for a total transaction of $1,831.41.
• On Thursday, May 29th, Mink Brook Asset Management Ll acquired 964 shares of DLH stock. The stock was purchased 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 bought 416 shares of DLH stock. The stock was purchased at an average price of $5.00 per share, with a total value of $2,080.00.

DLH Price Performance

NASDAQ DLHC traded up $0.02 on Friday, hitting $5.49. The company had a trading volume of 25,779 shares, compared to its average volume of 54,746. The company has a market capitalization of $78.93 million, a PE ratio of 14.43 and a beta of 1.33. The company's fifty day moving average price is $4.55 and its 200-day moving average price is $5.68. DLH Holdings Corp. has a 12-month low of $2.72 and a 12-month high of $11.99. 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 earnings results 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). DLH had a return on equity of 4.90% and a net margin of 1.44%. The business had revenue of $89.21 million for the quarter, compared to analyst estimates of $90.00 million. As a group, analysts predict that DLH Holdings Corp. will post -0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in shares of DLH by 643.6% in the fourth quarter. JPMorgan Chase & Co. now owns 27,386 shares of the business services provider's stock valued at $220,000 after buying an additional 23,703 shares during the last quarter. Millennium Management LLC increased its stake in DLH by 313.4% during the fourth quarter. Millennium Management LLC now owns 69,733 shares of the business services provider's stock worth $560,000 after acquiring an additional 52,864 shares during the last quarter. Minerva Advisors LLC increased its holdings in DLH by 33.2% in the 4th quarter. Minerva Advisors LLC now owns 847,592 shares of the business services provider's stock valued at $6,806,000 after purchasing an additional 211,215 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of DLH by 27.6% during the fourth quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider's stock worth $315,000 after acquiring an additional 8,481 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of DLH by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 268,930 shares of the business services provider's stock worth $2,159,000 after purchasing an additional 10,921 shares during the last quarter. 67.25% of the stock is owned by institutional investors and hedge funds.

About DLH

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).