Insider Buying: DLH (NASDAQ:DLHC) Major Shareholder Purchases 199,099 Shares of Stock

Key Points

• Mink Brook Asset Management bought 199,099 DLH shares at an average $3.70 each, investing approximately $736,666 and increasing its position by 28.68% to 893,421 shares.
• DLH shares rose $0.33 to $4.01, but the company reported a significant quarterly earnings miss: adjusted EPS was negative $1.16 versus the expected negative $0.17, while revenue fell short of estimates.
• Analyst sentiment remains mixed, resulting in a consensus “Hold” rating. Institutional investors and hedge funds own 67.25% of DLH’s outstanding shares.

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll purchased 199,099 shares of DLH stock in a transaction that occurred on Thursday, October 1st. The stock was acquired at an average cost of $3.70 per share, with a total value of $736,666.30. Following the acquisition, the insider directly owned 893,421 shares of the company's stock, valued at $3,305,657.70. The trade was a 28.68% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more 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 Monday, September 28th, Mink Brook Asset Management Ll acquired 60 shares of DLH stock. The shares were bought at an average cost of $3.47 per share, with a total value of $208.20.
• On Thursday, September 24th, Mink Brook Asset Management Ll bought 58 shares of DLH stock. The stock was bought at an average price of $3.85 per share, for a total transaction of $223.30.
• On Wednesday, September 23rd, Mink Brook Asset Management Ll purchased 100 shares of DLH stock. The stock was purchased at an average price of $3.88 per share, with a total value of $388.00.
• On Tuesday, September 22nd, Mink Brook Asset Management Ll acquired 301 shares of DLH stock. The stock was purchased at an average cost of $4.00 per share, with a total value of $1,204.00.
• On Monday, September 21st, Mink Brook Asset Management Ll acquired 174 shares of DLH stock. The shares were purchased at an average price of $4.00 per share, for a total transaction of $696.00.
• On Friday, September 18th, Mink Brook Asset Management Ll bought 316 shares of DLH stock. The shares were purchased at an average cost of $3.93 per share, for a total transaction of $1,241.88.
• On Thursday, September 17th, Mink Brook Asset Management Ll bought 204 shares of DLH stock. The stock was purchased at an average price of $3.96 per share, with a total value of $807.84.
• On Wednesday, September 16th, Mink Brook Asset Management Ll purchased 1,000 shares of DLH stock. The shares were purchased at an average cost of $3.94 per share, for a total transaction of $3,940.00.
• On Tuesday, September 15th, Mink Brook Asset Management Ll purchased 621 shares of DLH stock. The shares were purchased at an average cost of $3.68 per share, for a total transaction of $2,285.28.
• On Monday, September 14th, Mink Brook Asset Management Ll acquired 730 shares of DLH stock. The shares were purchased at an average price of $3.84 per share, for a total transaction of $2,803.20.

DLH Stock Performance

DLHC stock traded up $0.33 during trading on Friday, hitting $4.01. 2,258 shares of the company's stock traded hands, compared to its average volume of 25,325. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.13. DLH Holdings Corp. has a 52 week low of $3.38 and a 52 week high of $8.10. The stock has a fifty day moving average price of $4.35 and a two-hundred day moving average price of $5.17. The stock has a market capitalization of $58.12 million, a price-to-earnings ratio of -2.71 and a beta of 1.52.

DLH (NASDAQ:DLHC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The business services provider reported ($1.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.99). DLH had a negative return on equity of 10.42% and a negative net margin of 8.51%.The business had revenue of $44.23 million during the quarter, compared to the consensus estimate of $50.00 million. As a group, equities analysts anticipate that DLH Holdings Corp. will post -0.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DLHC has been the topic of a number of research reports. Noble Financial reiterated an "outperform" rating on shares of DLH in a research report on Friday, July 31st. Zacks Research upgraded DLH from a "strong sell" rating to a "hold" rating in a research note on Tuesday. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of DLH in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Institutional Investors Weigh In On DLH

An institutional investor recently bought a new stake in DLH stock. Bank of New York Mellon Corp bought a new position in shares of DLH Holdings Corp. (NASDAQ:DLHC - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,738 shares of the business services provider's stock, valued at approximately $62,000. Bank of New York Mellon Corp owned 0.08% of DLH as of its most recent SEC filing. 67.25% of the stock is currently owned by institutional investors and hedge funds.

DLH Company Profile

DLH Holdings Corp. NASDAQ: DLHC provides technology-enabled healthcare, human services, logistics and technical solutions primarily to agencies of the U.S. federal government. Its work supports public health, medical research, clinical care, military and veteran services, and government program operations.

The company's offerings include healthcare delivery and administration, data analytics, information technology and digital transformation, scientific and technical support, medical logistics, and program management.

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