DLH Holdings Corp. (NASDAQ:DLHC) Major Shareholder Acquires $42,289.50 in Stock

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll acquired 7,689 shares of the stock in a transaction dated Wednesday, June 25th. The stock was acquired at an average cost of $5.50 per share, with a total value of $42,289.50. Following the transaction, the insider now owns 1,619,363 shares of the company's stock, valued at approximately $8,906,496.50. This trade represents a 0.48% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% 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 Tuesday, June 24th, Mink Brook Asset Management Ll acquired 900 shares of DLH stock. The shares were 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 bought 2,659 shares of DLH stock. The stock was purchased 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 purchased 5,776 shares of DLH stock. The shares were purchased at an average price 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 shares were purchased at an average price of $5.45 per share, with a total value of $101,015.75.
• On Tuesday, June 17th, Mink Brook Asset Management Ll purchased 13,180 shares of DLH stock. The stock was acquired at an average price 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 stock was bought at an average cost of $5.39 per share, for a total transaction of $14,957.25.
• On Friday, June 13th, Mink Brook Asset Management Ll acquired 22,982 shares of DLH stock. The stock was purchased 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 bought 19,561 shares of DLH stock. The shares were 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 purchased at an average cost of $5.50 per share, with a total value of $116,655.00.
• On Tuesday, June 10th, Mink Brook Asset Management Ll purchased 4,408 shares of DLH stock. The shares were purchased at an average cost of $5.49 per share, for a total transaction of $24,199.92.

DLH Stock Up 1.3%

DLHC stock traded up $0.07 during midday trading on Thursday, hitting $5.54. 57,571 shares of the company's stock were exchanged, compared to its average volume of 54,950. The stock has a market capitalization of $79.72 million, a price-to-earnings ratio of 14.58 and a beta of 1.33. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15. The firm has a 50 day moving average price of $4.74 and a 200-day moving average price of $5.60. DLH Holdings Corp. has a 12-month low of $2.72 and a 12-month high of $11.99.

DLH (NASDAQ:DLHC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $89.21 million during 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%. On average, analysts anticipate that DLH Holdings Corp. will post -0.13 EPS for the current year.

Hedge Funds Weigh In On DLH

Large investors have recently modified their holdings of the stock. Bard Associates Inc. bought a new stake in DLH in the first quarter valued at about $43,000. Nuveen LLC acquired a new position in DLH in the first quarter worth $44,000. Bank of America Corp DE increased 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 valued at $62,000 after purchasing an additional 1,855 shares during the last quarter. Corton Capital Inc. acquired a new stake in shares of DLH during the first quarter worth $71,000. Finally, Wealthedge Investment Advisors LLC acquired a new stake in shares of DLH during the fourth quarter worth $114,000. Institutional investors own 67.25% of the company's stock.

Analyst Ratings Changes

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