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

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll bought 5,198 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The shares were acquired at an average price of $5.50 per share, for a total transaction of $28,589.00. Following the completion of the transaction, the insider now owns 1,624,561 shares in the company, valued at $8,935,085.50. This trade represents a 0.32% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major 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 Friday, June 27th, Mink Brook Asset Management Ll purchased 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 acquired 7,689 shares of DLH stock. The stock was acquired 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 purchased 900 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $4,950.00.
• On Monday, June 23rd, Mink Brook Asset Management Ll acquired 2,659 shares of DLH stock. The stock was bought at an average cost of $5.47 per share, for a total transaction of $14,544.73.
• On Friday, June 20th, Mink Brook Asset Management Ll bought 5,776 shares of DLH stock. The shares were purchased at an average cost of $5.47 per share, with a total value of $31,594.72.
• On Wednesday, June 18th, Mink Brook Asset Management Ll bought 18,535 shares of DLH stock. The stock was purchased 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, with a total value of $71,962.80.
• On Monday, June 16th, Mink Brook Asset Management Ll purchased 2,775 shares of DLH stock. The stock was bought at an average price of $5.39 per share, with a total value of $14,957.25.
• On Friday, June 13th, Mink Brook Asset Management Ll purchased 22,982 shares of DLH stock. The stock was bought at an average cost of $5.43 per share, with a total value of $124,792.26.
• 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, for a total transaction of $106,411.84.

DLH Stock Down 0.7%

Shares of NASDAQ:DLHC traded down $0.04 during trading on Friday, reaching $5.50. 1,156,790 shares of the stock were exchanged, compared to its average volume of 59,153. DLH Holdings Corp. has a 1-year low of $2.72 and a 1-year high of $11.99. The stock has a fifty day moving average of $4.78 and a two-hundred day moving average of $5.58. 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 firm has a market cap of $79.15 million, a price-to-earnings ratio of 14.58 and a beta of 1.33.

DLH (NASDAQ:DLHC - Get Free Report) last released its quarterly 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 analyst estimates of $90.00 million. DLH had a net margin of 1.44% and a return on equity of 4.90%. Research analysts anticipate that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings 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 acquiring an additional 1,855 shares during the period. Bard Associates Inc. purchased a new stake in shares of DLH during the 1st quarter worth approximately $43,000. Nuveen LLC bought a new position in DLH during the first quarter valued at $44,000. Wealthedge Investment Advisors LLC purchased a new stake in DLH in the fourth quarter worth $114,000. Finally, Corton Capital Inc. purchased a new stake in DLH in the first quarter worth $71,000. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

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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