DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Acquires 22,982 Shares

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll purchased 22,982 shares of DLH stock in a transaction on Friday, June 13th. The shares were acquired at an average cost of $5.43 per share, for a total transaction of $124,792.26. Following the completion of the transaction, the insider now owns 1,567,849 shares of the company's stock, valued at $8,513,420.07. This represents a 1.49% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 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 shares were acquired at an average cost of $5.46 per share, for a total transaction of $71,962.80.
• On Monday, June 16th, Mink Brook Asset Management Ll purchased 2,775 shares of DLH stock. The shares were bought at an average cost of $5.39 per share, with a total value of $14,957.25.
• On Thursday, June 12th, Mink Brook Asset Management Ll acquired 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 bought 21,210 shares of DLH stock. The stock was bought at an average price of $5.50 per share, for a total transaction of $116,655.00.
• On Tuesday, June 10th, Mink Brook Asset Management Ll purchased 4,408 shares of DLH stock. The stock was purchased at an average price of $5.49 per share, with a total value of $24,199.92.
• On Monday, June 9th, Mink Brook Asset Management Ll acquired 4,786 shares of DLH stock. The shares were purchased 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 bought 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 purchased 357 shares of DLH stock. The stock was purchased 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 acquired 964 shares of DLH stock. The shares were purchased at an average price of $4.97 per share, for a total transaction of $4,791.08.
• On Wednesday, May 28th, Mink Brook Asset Management Ll purchased 416 shares of DLH stock. The stock was acquired at an average price of $5.00 per share, for a total transaction of $2,080.00.

DLH Stock Performance

NASDAQ:DLHC traded up $0.02 during midday trading on Friday, reaching $5.49. 25,779 shares of the company traded hands, compared to its average volume of 54,746. 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 twelve month low of $2.72 and a twelve month high of $11.99. The company has a fifty day moving average price of $4.55 and a 200 day moving average price of $5.68. The firm has a market capitalization of $78.93 million, a price-to-earnings ratio of 14.43 and a beta of 1.33.

DLH (NASDAQ:DLHC - Get Free Report) last released its 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). The company had revenue of $89.21 million for the quarter, compared to analyst estimates of $90.00 million. DLH had a net margin of 1.44% and a return on equity of 4.90%. On average, analysts expect that DLH Holdings Corp. will post -0.13 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

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

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).