Mink Brook Asset Management Ll Purchases 17,160 Shares of DLH Holdings Corp. (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll acquired 17,160 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was purchased at an average price of $5.47 per share, for a total transaction of $93,865.20. Following the acquisition, the insider now directly owns 1,494,902 shares of the company's stock, valued at $8,177,113.94. The trade was a 1.16% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 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 Monday, June 9th, Mink Brook Asset Management Ll purchased 4,786 shares of DLH stock. The shares were acquired at an average price of $5.48 per share, for a total transaction of $26,227.28.
• 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 purchased 964 shares of DLH stock. The shares were bought 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 bought at an average cost of $5.00 per share, for a total transaction of $2,080.00.
• On Tuesday, May 27th, Mink Brook Asset Management Ll bought 90 shares of DLH stock. The stock was bought 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 acquired 1,230 shares of DLH stock. The stock was purchased at an average price of $5.00 per share, with a total value of $6,150.00.
• On Wednesday, May 21st, Mink Brook Asset Management Ll bought 10,580 shares of DLH stock. The stock was purchased at an average price of $4.96 per share, for a total transaction of $52,476.80.
• On Tuesday, May 20th, Mink Brook Asset Management Ll purchased 5,111 shares of DLH stock. The stock was acquired at an average cost of $4.97 per share, for a total transaction of $25,401.67.
• On Monday, May 19th, Mink Brook Asset Management Ll bought 31,872 shares of DLH stock. The shares were acquired at an average price of $4.93 per share, with a total value of $157,128.96.

DLH Stock Performance

Shares of NASDAQ:DLHC traded down $0.03 on Monday, hitting $5.47. 45,415 shares of the company were exchanged, compared to its average volume of 54,447. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.04 and a current ratio of 1.04. The company's 50 day moving average price is $4.17 and its two-hundred day moving average price is $5.83. DLH Holdings Corp. has a one year low of $2.72 and a one year high of $12.12. The firm has a market capitalization of $78.69 million, a price-to-earnings ratio of 12.43 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The firm had revenue of $89.21 million for the quarter, compared to the consensus estimate of $90.00 million. DLH had a net margin of 1.64% and a return on equity of 5.82%. Research analysts expect that DLH Holdings Corp. will post -0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Strs Ohio acquired a new stake in DLH during the first quarter valued at approximately $185,000. Mink Brook Asset Management LLC lifted its position in shares of DLH by 5.1% during the 1st quarter. Mink Brook Asset Management LLC now owns 1,438,507 shares of the business services provider's stock worth $5,826,000 after buying an additional 69,719 shares during the period. Wealthedge Investment Advisors LLC boosted its stake 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 buying an additional 33,619 shares in the last quarter. Russell Investments Group Ltd. grew its position in DLH by 19.5% in the first quarter. Russell Investments Group Ltd. now owns 60,329 shares of the business services provider's stock valued at $244,000 after acquiring an additional 9,828 shares during the period. Finally, Nuveen LLC acquired a new position in DLH during the first quarter worth $44,000. Institutional investors and hedge funds own 67.25% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered DLH from a "buy" rating to a "hold" rating in a report 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).

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