DLH (NASDAQ:DLHC) Major Shareholder Acquires $14,531.00 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 2,642 shares of DLH stock in a transaction on Tuesday, February 17th. The stock was bought at an average price of $5.50 per share, with a total value of $14,531.00. Following the transaction, the insider owned 1,953,090 shares of the company’s stock, valued at approximately $10,741,995. This represents a 0.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 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 Thursday, February 19th, Mink Brook Asset Management Ll acquired 8,048 shares of DLH stock. The shares were bought at an average price of $5.50 per share, with a total value of $44,264.00.
• On Wednesday, February 18th, Mink Brook Asset Management Ll bought 22,057 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $121,313.50.
• On Friday, February 13th, Mink Brook Asset Management Ll bought 319 shares of DLH stock. The shares were 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 purchased 13,577 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $74,673.50.
• On Thursday, January 8th, Mink Brook Asset Management Ll purchased 1,458 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, with a total value of $8,019.00.
• On Wednesday, January 7th, Mink Brook Asset Management Ll acquired 3,569 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $19,629.50.
• On Thursday, December 18th, Mink Brook Asset Management Ll acquired 78 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $429.00.
• On Wednesday, December 17th, Mink Brook Asset Management Ll bought 44,208 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $243,144.00.
• On Thursday, December 11th, Mink Brook Asset Management Ll purchased 924 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value of $5,082.00.

DLH Price Performance

NASDAQ:DLHC opened at $5.81 on Friday. The business’s 50-day simple moving average is $5.71 and its two-hundred day simple moving average is $5.74. DLH Holdings Corp. has a 52 week low of $2.72 and a 52 week high of $8.10. The stock has a market cap of $84.20 million, a PE ratio of -82.99 and a beta of 1.60. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.03.

DLH (NASDAQ:DLHC) last released its 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). The business had revenue of $68.89 million for the quarter, compared to analysts’ expectations of $70.15 million. DLH had a negative return on equity of 0.95% and a negative net margin of 0.33%. As a group, analysts forecast that DLH Holdings Corp. will post -0.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DLHC has been the subject of a number of research reports. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a research 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 research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On DLH

Large investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its position 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. Jane Street Group LLC bought a new stake in shares of DLH in the 4th quarter worth about $58,000. Qube Research & Technologies Ltd purchased a new stake in shares of DLH during the 2nd quarter valued at about $73,000. Quadrature Capital Ltd bought a new position in shares of DLH in the 2nd quarter valued at about $89,000. Finally, Sandia Investment Management LP purchased a new position in DLH in the fourth quarter worth about $197,000. Institutional investors own 67.25% of the company’s stock.

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.