Insider Buying: DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Purchases 2,775 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll purchased 2,775 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was bought at an average price of $5.39 per share, with a total value of $14,957.25. Following the transaction, the insider now directly owns 1,570,624 shares in the company, valued at $8,465,663.36. This trade represents a 0.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% 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 Tuesday, June 17th, Mink Brook Asset Management Ll acquired 13,180 shares of DLH stock. The shares were 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 acquired 22,982 shares of DLH stock. The shares were purchased 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 bought 19,561 shares of DLH stock. The stock was acquired at an average cost of $5.44 per share, with a total value of $106,411.84.
• On Wednesday, June 11th, Mink Brook Asset Management Ll purchased 21,210 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $116,655.00.
• On Tuesday, June 10th, Mink Brook Asset Management Ll acquired 4,408 shares of DLH stock. The stock was acquired at an average cost of $5.49 per share, with a total value of $24,199.92.
• On Monday, June 9th, Mink Brook Asset Management Ll bought 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 shares were bought at an average price of $5.47 per share, with a total value of $93,865.20.
• On Thursday, June 5th, Mink Brook Asset Management Ll acquired 357 shares of DLH stock. The stock was 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 bought 964 shares of DLH stock. The shares were bought at an average cost 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 shares were bought at an average price of $5.00 per share, for a total transaction of $2,080.00.

DLH Stock Down 1.3%

DLHC stock traded down $0.07 during trading hours on Tuesday, hitting $5.46. The company's stock had a trading volume of 43,200 shares, compared to its average volume of 54,912. The company has a market capitalization of $78.55 million, a PE ratio of 12.41 and a beta of 1.33. The stock has a 50 day moving average price of $4.41 and a two-hundred day moving average price of $5.70. 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 Holdings Corp. has a 12 month low of $2.72 and a 12 month high of $11.99.

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 for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $89.21 million for the quarter, compared to the consensus estimate of $90.00 million. DLH had a net margin of 1.64% and a return on equity of 5.82%. On average, equities research analysts expect that DLH Holdings Corp. will post -0.13 earnings per share for the current year.

Institutional Investors Weigh In On DLH

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings 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 valued at $62,000 after purchasing an additional 1,855 shares during the last quarter. Renaissance Technologies LLC grew its stake in DLH by 2.7% in the 4th quarter. Renaissance Technologies LLC now owns 270,068 shares of the business services provider's stock valued at $2,169,000 after buying an additional 7,000 shares during the last quarter. Bank of New York Mellon Corp grew its stake in DLH by 27.6% in the 4th quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider's stock valued at $315,000 after buying an additional 8,481 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in DLH by 19.5% in the 1st quarter. Russell Investments Group Ltd. now owns 60,329 shares of the business services provider's stock worth $244,000 after acquiring an additional 9,828 shares during the period. Finally, Bard Associates Inc. acquired a new position in DLH during the 1st quarter worth $43,000. 67.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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).

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