Mink Brook Asset Management Ll Buys 4,408 Shares of DLH Holdings Corp. (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll bought 4,408 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were bought at an average price of $5.49 per share, with a total value of $24,199.92. Following the transaction, the insider now directly owns 1,504,096 shares in the company, valued at $8,257,487.04. This trade represents a 0.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company's stock 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 bought 19,561 shares of DLH stock. The stock was purchased at an average cost 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 acquired at an average cost of $5.50 per share, with a total value 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 bought 17,160 shares of DLH stock. The stock was 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 bought 357 shares of DLH stock. The shares were acquired at an average cost of $5.13 per share, with a total value of $1,831.41.
• On Thursday, May 29th, Mink Brook Asset Management Ll purchased 964 shares of DLH stock. The stock was bought at an average cost of $4.97 per share, with a total value of $4,791.08.
• On Wednesday, May 28th, Mink Brook Asset Management Ll bought 416 shares of DLH stock. The shares were acquired at an average price of $5.00 per share, for a total transaction of $2,080.00.
• On Tuesday, May 27th, Mink Brook Asset Management Ll acquired 90 shares of DLH stock. The stock was acquired 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 stock was purchased at an average cost of $4.98 per share, for a total transaction 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 cost of $5.00 per share, with a total value of $6,150.00.

DLH Stock Down 1.0%

DLHC stock traded down $0.06 during mid-day trading on Friday, reaching $5.47. The company had a trading volume of 34,915 shares, compared to its average volume of 54,734. DLH Holdings Corp. has a 52 week low of $2.72 and a 52 week high of $11.99. The company has a market capitalization of $78.73 million, a price-to-earnings ratio of 12.43 and a beta of 1.33. 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 stock has a 50 day simple moving average of $4.32 and a two-hundred day simple moving average of $5.78.

DLH (NASDAQ:DLHC - Get Free Report) last announced its quarterly earnings results 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 return on equity of 5.82% and a net margin of 1.64%. The business had revenue of $89.21 million for the quarter, compared to analyst estimates of $90.00 million. As a group, equities analysts predict 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 lowered shares of DLH from a "buy" rating to a "hold" rating in a research report on Saturday, May 17th.

Hedge Funds Weigh In On DLH

Several institutional investors and hedge funds have recently made changes to their positions in DLHC. Bank of America Corp DE boosted its stake in shares of DLH by 31.9% in the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider's stock valued at $62,000 after buying an additional 1,855 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of DLH by 2.7% during the 4th quarter. Renaissance Technologies LLC now owns 270,068 shares of the business services provider's stock valued at $2,169,000 after acquiring an additional 7,000 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of DLH by 27.6% during the fourth quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider's stock worth $315,000 after purchasing an additional 8,481 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in DLH by 19.5% during the 1st quarter. Russell Investments Group Ltd. now owns 60,329 shares of the business services provider's stock worth $244,000 after acquiring an additional 9,828 shares during the last quarter. Finally, Bard Associates Inc. bought a new stake in shares of DLH in the first quarter worth $43,000. 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).