DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Purchases $24,199.92 in Stock

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll purchased 4,408 shares of the stock in a transaction dated Tuesday, June 10th. The shares were bought at an average price of $5.49 per share, for a total transaction of $24,199.92. Following the completion of the acquisition, the insider now owns 1,504,096 shares in the company, valued at $8,257,487.04. This represents a 0.29% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed 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 Thursday, June 12th, Mink Brook Asset Management Ll purchased 19,561 shares of DLH stock. The shares were bought at an average price of $5.44 per share, for a total transaction of $106,411.84.
• On Wednesday, June 11th, Mink Brook Asset Management Ll purchased 21,210 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $116,655.00.
• On Monday, June 9th, Mink Brook Asset Management Ll purchased 4,786 shares of DLH stock. The shares were 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 shares were bought at an average price of $5.47 per share, for a total transaction of $93,865.20.
• On Thursday, June 5th, Mink Brook Asset Management Ll acquired 357 shares of DLH stock. The stock was acquired 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 stock was acquired at an average price of $4.97 per share, with a total value of $4,791.08.
• On Wednesday, May 28th, Mink Brook Asset Management Ll acquired 416 shares of DLH stock. The stock was acquired at an average price of $5.00 per share, with a total value of $2,080.00.
• On Tuesday, May 27th, Mink Brook Asset Management Ll purchased 90 shares of DLH stock. The shares were purchased at an average price of $5.00 per share, with a total value of $450.00.
• On Friday, May 23rd, Mink Brook Asset Management Ll purchased 2,561 shares of DLH stock. The shares were purchased at an average price of $4.98 per share, with a total value of $12,753.78.
• On Thursday, May 22nd, Mink Brook Asset Management Ll purchased 1,230 shares of DLH stock. The shares were purchased at an average price of $5.00 per share, with a total value of $6,150.00.

DLH Stock Performance

Shares of DLHC traded down $0.09 during trading hours on Friday, reaching $5.44. 64,875 shares of the company traded hands, compared to its average volume of 54,941. The stock's fifty day moving average is $4.36 and its 200 day moving average is $5.74. The stock has a market cap of $78.26 million, a P/E ratio of 12.36 and a beta of 1.33. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.04 and a current ratio of 1.04. DLH Holdings Corp. has a 1-year low of $2.72 and a 1-year high of $11.99.

DLH (NASDAQ:DLHC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 EPS 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 company had revenue of $89.21 million for the quarter, compared to analyst estimates of $90.00 million. Equities research analysts anticipate that DLH Holdings Corp. will post -0.13 earnings per share 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

Hedge funds have recently added to or reduced their stakes in the business. Bard Associates Inc. acquired a new position in DLH in the first quarter worth about $43,000. Nuveen LLC bought a new stake in DLH during the first quarter worth about $44,000. Bank of America Corp DE grew its stake 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 worth $62,000 after buying an additional 1,855 shares during the last quarter. Corton Capital Inc. bought a new stake in DLH during the first quarter worth about $71,000. Finally, Wealthedge Investment Advisors LLC bought a new stake in DLH during the fourth quarter worth about $114,000. Institutional investors and hedge funds 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).