Insider Buying: DLH (NASDAQ:DLHC) Major Shareholder Acquires $121,313.50 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 22,057 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was acquired at an average price of $5.50 per share, with a total value of $121,313.50. Following the completion of the transaction, the insider directly owned 1,975,147 shares in the company, valued at $10,863,308.50. This trade represents a 1.13% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 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, February 17th, Mink Brook Asset Management Ll purchased 2,642 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $14,531.00.
• On Friday, February 13th, Mink Brook Asset Management Ll purchased 319 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $1,754.50.
• On Thursday, February 12th, Mink Brook Asset Management Ll acquired 13,577 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $74,673.50.
• On Thursday, January 8th, Mink Brook Asset Management Ll bought 1,458 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $8,019.00.
• On Wednesday, January 7th, Mink Brook Asset Management Ll acquired 3,569 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, for a total transaction of $19,629.50.
• On Thursday, December 18th, Mink Brook Asset Management Ll acquired 78 shares of DLH stock. The shares were acquired at an average price of $5.50 per share, with a total value of $429.00.
• On Wednesday, December 17th, Mink Brook Asset Management Ll bought 44,208 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, for a total transaction of $243,144.00.
• On Thursday, December 11th, Mink Brook Asset Management Ll purchased 924 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $5,082.00.

DLH Stock Down 0.2%

Shares of NASDAQ:DLHC traded down $0.01 during trading on Wednesday, hitting $5.49. 54,364 shares of the company were exchanged, compared to its average volume of 12,268. The stock has a market cap of $79.57 million, a price-to-earnings ratio of -78.42 and a beta of 1.60. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.03. DLH Holdings Corp. has a fifty-two week low of $2.72 and a fifty-two week high of $8.10. The firm has a fifty day moving average price of $5.72 and a two-hundred day moving average price of $5.74.

DLH (NASDAQ:DLHC) last posted its quarterly earnings results on Monday, February 9th. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). DLH had a negative return on equity of 0.95% and a negative net margin of 0.33%.The firm had revenue of $68.89 million for the quarter, compared to the consensus estimate of $70.15 million. As a group, research analysts anticipate that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DLHC shares. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a report on Wednesday, January 21st. Zacks Research cut shares of DLH from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 17th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, DLH presently has a consensus rating of “Sell”.

Institutional Trading of DLH

Several large investors have recently bought and sold shares of DLHC. Jane Street Group LLC acquired a new position in DLH during the fourth quarter worth about $58,000. Bank of America Corp DE grew its holdings in shares of DLH by 31.9% during the 4th 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. Qube Research & Technologies Ltd acquired a new position in DLH during the 2nd quarter worth approximately $73,000. Quadrature Capital Ltd bought a new position in DLH in the 2nd quarter valued at approximately $89,000. Finally, Strs Ohio acquired a new stake in DLH in the first quarter valued at approximately $185,000. 67.25% of the stock is owned by institutional investors and hedge funds.

About DLH

DLH Holdings Corp. (NASDAQ: DLHC) is a provider of mission-driven professional services primarily to federal government agencies and select commercial clients. The company designs and delivers tailored solutions across a range of critical mission areas, including program and project management, consulting, technical assistance, and administrative support. Through its Healthcare Solutions offerings, DLH also specializes in supporting clinical and allied health staffing needs for federal health agencies and health systems.

Operating under its Federal Solutions segment, DLH partners with agencies such as the Department of Veterans Affairs, Department of Defense, Department of Homeland Security, and the Department of Health and Human Services.