Insider Buying: DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Purchases 18,535 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll acquired 18,535 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were purchased at an average price of $5.45 per share, for a total transaction of $101,015.75. Following the purchase, the insider now directly owns 1,602,339 shares of the company's stock, valued at approximately $8,732,747.55. This trade represents a 1.17% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 Friday, June 20th, Mink Brook Asset Management Ll acquired 5,776 shares of DLH stock. The stock was purchased at an average cost of $5.47 per share, with a total value of $31,594.72.
• On Tuesday, June 17th, Mink Brook Asset Management Ll purchased 13,180 shares of DLH stock. The stock was acquired at an average price of $5.46 per share, for a total transaction of $71,962.80.
• On Monday, June 16th, Mink Brook Asset Management Ll acquired 2,775 shares of DLH stock. The shares were acquired at an average price of $5.39 per share, for a total transaction of $14,957.25.
• On Friday, June 13th, Mink Brook Asset Management Ll bought 22,982 shares of DLH stock. The stock was acquired at an average cost of $5.43 per share, for a total transaction of $124,792.26.
• On Thursday, June 12th, Mink Brook Asset Management Ll purchased 19,561 shares of DLH stock. The shares were bought 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 stock was bought 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 shares were bought 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 stock was bought at an average price 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 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 purchased at an average cost of $5.13 per share, with a total value of $1,831.41.

DLH Stock Performance

DLHC traded up $0.20 during trading hours on Monday, hitting $5.65. 57,271 shares of the stock were exchanged, compared to its average volume of 54,981. The stock has a market cap of $81.30 million, a price-to-earnings ratio of 14.87 and a beta of 1.33. The stock has a 50-day simple moving average of $4.59 and a 200-day simple moving average of $5.61. 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 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 quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $90.00 million. Analysts anticipate that DLH Holdings Corp. will post -0.13 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Trading of DLH

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