DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Buys 5,198 Shares

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll acquired 5,198 shares of DLH stock in a transaction that occurred on Thursday, June 26th. The stock was acquired at an average price of $5.50 per share, with a total value of $28,589.00. Following the completion of the acquisition, the insider directly owned 1,624,561 shares in the company, valued at $8,935,085.50. This represents a 0.32% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more 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 27th, Mink Brook Asset Management Ll bought 47,882 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, with a total value of $263,351.00.
• On Wednesday, June 25th, Mink Brook Asset Management Ll bought 7,689 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, for a total transaction of $42,289.50.
• On Tuesday, June 24th, Mink Brook Asset Management Ll acquired 900 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, for a total transaction of $4,950.00.
• On Monday, June 23rd, Mink Brook Asset Management Ll acquired 2,659 shares of DLH stock. The shares were bought at an average price of $5.47 per share, with a total value of $14,544.73.
• On Friday, June 20th, Mink Brook Asset Management Ll purchased 5,776 shares of DLH stock. The stock was acquired at an average price of $5.47 per share, for a total transaction of $31,594.72.
• On Wednesday, June 18th, Mink Brook Asset Management Ll bought 18,535 shares of DLH stock. The stock was acquired at an average price of $5.45 per share, for a total transaction of $101,015.75.
• On Tuesday, June 17th, Mink Brook Asset Management Ll acquired 13,180 shares of DLH stock. The shares were bought 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 acquired 2,775 shares of DLH stock. The shares were bought 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 bought at an average price of $5.43 per share, with a total value of $124,792.26.
• On Thursday, June 12th, Mink Brook Asset Management Ll purchased 19,561 shares of DLH stock. The stock was bought at an average price of $5.44 per share, with a total value of $106,411.84.

DLH Trading Up 6.2%

Shares of DLHC traded up $0.34 during mid-day trading on Monday, reaching $5.84. 65,677 shares of the company's stock traded hands, compared to its average volume of 64,116. The stock's 50-day moving average is $4.82 and its two-hundred day moving average is $5.54. DLH Holdings Corp. has a 12 month low of $2.72 and a 12 month high of $11.99. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market cap of $84.04 million, a P/E ratio of 15.37 and a beta of 1.33.

DLH (NASDAQ:DLHC - Get Free Report) last issued its 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). The company had revenue of $89.21 million for the quarter, compared to analysts' expectations of $90.00 million. DLH had a net margin of 1.44% and a return on equity of 4.90%. Research analysts forecast that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DLH

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in 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 worth $62,000 after purchasing an additional 1,855 shares in the last quarter. Renaissance Technologies LLC grew its position 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 worth $2,169,000 after buying an additional 7,000 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of 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 buying an additional 8,481 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of DLH by 19.5% during the first quarter. Russell Investments Group Ltd. now owns 60,329 shares of the business services provider's stock valued at $244,000 after buying an additional 9,828 shares during the period. Finally, Bard Associates Inc. purchased a new stake in DLH in the first quarter worth about $43,000. 67.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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).