1,368,788 Shares in DLH Holdings Corp. (NASDAQ:DLHC) Purchased by Mink Brook Asset Management LLC

Mink Brook Asset Management LLC bought a new stake in DLH Holdings Corp. (NASDAQ:DLHC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,368,788 shares of the business services provider's stock, valued at approximately $10,991,000. DLH accounts for about 10.5% of Mink Brook Asset Management LLC's investment portfolio, making the stock its 3rd biggest holding. Mink Brook Asset Management LLC owned approximately 9.51% of DLH as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Millennium Management LLC increased its holdings in shares of DLH by 313.4% during the fourth quarter. Millennium Management LLC now owns 69,733 shares of the business services provider's stock worth $560,000 after purchasing an additional 52,864 shares during the period. Bank of America Corp DE boosted its position 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 valued at $62,000 after buying an additional 1,855 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of DLH by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 268,930 shares of the business services provider's stock worth $2,159,000 after purchasing an additional 10,921 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of DLH by 2.7% during the fourth quarter. Renaissance Technologies LLC now owns 270,068 shares of the business services provider's stock worth $2,169,000 after purchasing an additional 7,000 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of DLH by 643.6% during the fourth quarter. JPMorgan Chase & Co. now owns 27,386 shares of the business services provider's stock worth $220,000 after purchasing an additional 23,703 shares during the period. 67.25% of the stock is owned by institutional investors.

DLH Stock Up 4.8%

Shares of NASDAQ DLHC traded up $0.23 during mid-day trading on Friday, reaching $5.01. 92,116 shares of the company's stock traded hands, compared to its average volume of 54,292. DLH Holdings Corp. has a 1-year low of $2.72 and a 1-year high of $12.23. 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 business has a 50-day simple moving average of $3.98 and a 200 day simple moving average of $6.21. The stock has a market cap of $72.07 million, a P/E ratio of 11.39 and a beta of 1.33.

DLH (NASDAQ:DLHC - Get Free Report) last released its 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). The company had revenue of $89.21 million during the quarter, compared to analysts' expectations of $90.00 million. DLH had a net margin of 1.64% and a return on equity of 5.82%. On average, analysts expect that DLH Holdings Corp. will post -0.13 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Mink Brook Asset Management Ll purchased 10,905 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was acquired at an average price of $4.74 per share, with a total value of $51,689.70. Following the transaction, the insider now directly owns 1,402,061 shares of the company's stock, valued at approximately $6,645,769.14. This represents a 0.78% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have bought 68,263 shares of company stock valued at $273,410. Company insiders own 15.30% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of DLH from a "buy" rating to a "hold" rating in a research note on Saturday.

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).