Mink Brook Asset Management Ll Buys 22,982 Shares of DLH Holdings Corp. (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll bought 22,982 shares of the business's stock in a transaction dated Friday, June 13th. The stock was acquired at an average price of $5.43 per share, for a total transaction of $124,792.26. Following the purchase, the insider now directly owns 1,567,849 shares in the company, valued at approximately $8,513,420.07. The trade was 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 link. Large 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 purchased 13,180 shares of DLH stock. The shares were 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 stock was acquired at an average cost of $5.39 per share, for a total transaction of $14,957.25.
• On Thursday, June 12th, Mink Brook Asset Management Ll bought 19,561 shares of DLH stock. The shares were 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 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 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 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 bought 17,160 shares of DLH stock. The shares were bought at an average cost 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 bought at an average cost 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 price 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 cost of $5.00 per share, with a total value of $2,080.00.

DLH Stock Performance

Shares of DLHC 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 business has a 50 day simple moving average of $4.41 and a two-hundred day simple moving average of $5.70. DLH Holdings Corp. has a 52-week low of $2.72 and a 52-week high of $11.99. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $78.55 million, a price-to-earnings ratio of 12.41 and a beta of 1.33.

DLH (NASDAQ:DLHC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). DLH had a net margin of 1.64% and a return on equity of 5.82%. The business had revenue of $89.21 million during the quarter, compared to analysts' expectations of $90.00 million. On average, equities analysts expect that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Mink Brook Asset Management LLC bought a new stake in shares of DLH during the fourth quarter valued at about $10,991,000. Minerva Advisors LLC increased its holdings 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. Millennium Management LLC increased its holdings in DLH by 313.4% during the 4th 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 period. Strs Ohio purchased a new stake in DLH in the 1st quarter worth approximately $185,000. Finally, Wealthedge Investment Advisors LLC boosted its holdings in DLH by 236.4% in the 1st quarter. Wealthedge Investment Advisors LLC now owns 47,838 shares of the business services provider's stock valued at $194,000 after purchasing an additional 33,619 shares during the period. Institutional investors own 67.25% of the company's stock.

DLH Company Profile

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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