DLH (NASDAQ:DLHC) Major Shareholder Buys $39,402.24 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll bought 7,944 shares of DLH stock in a transaction dated Thursday, July 30th. The shares were acquired at an average cost of $4.96 per share, for a total transaction of $39,402.24. Following the completion of the purchase, the insider directly owned 2,166,724 shares of the company’s stock, valued at approximately $10,746,951.04. This trade represents a 0.37% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more 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 Friday, July 31st, Mink Brook Asset Management Ll purchased 441 shares of DLH stock. The stock was acquired at an average cost of $4.86 per share, with a total value of $2,143.26.
• On Monday, July 27th, Mink Brook Asset Management Ll purchased 10 shares of DLH stock. The stock was acquired at an average cost of $5.09 per share, with a total value of $50.90.
• On Friday, July 24th, Mink Brook Asset Management Ll purchased 391 shares of DLH stock. The stock was bought at an average price of $5.10 per share, for a total transaction of $1,994.10.
• On Thursday, July 23rd, Mink Brook Asset Management Ll acquired 79 shares of DLH stock. The shares were bought at an average cost of $5.10 per share, for a total transaction of $402.90.
• On Monday, July 13th, Mink Brook Asset Management Ll acquired 4,407 shares of DLH stock. The stock was bought at an average price of $5.09 per share, with a total value of $22,431.63.
• On Thursday, July 9th, Mink Brook Asset Management Ll bought 5,000 shares of DLH stock. The stock was bought at an average cost of $5.13 per share, with a total value of $25,650.00.
• On Wednesday, July 8th, Mink Brook Asset Management Ll bought 2,275 shares of DLH stock. The shares were bought at an average cost of $5.14 per share, for a total transaction of $11,693.50.
• On Tuesday, July 7th, Mink Brook Asset Management Ll bought 5,000 shares of DLH stock. The shares were bought at an average cost of $5.17 per share, for a total transaction of $25,850.00.
• On Monday, July 6th, Mink Brook Asset Management Ll purchased 9,422 shares of DLH stock. The shares were bought at an average price of $5.19 per share, for a total transaction of $48,900.18.
• On Thursday, July 2nd, Mink Brook Asset Management Ll purchased 5,640 shares of DLH stock. The stock was bought at an average cost of $5.25 per share, with a total value of $29,610.00.

DLH Stock Performance

Shares of DLHC opened at $4.88 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.67 and a quick ratio of 0.67. DLH Holdings Corp. has a one year low of $4.74 and a one year high of $8.10. The company has a 50-day simple moving average of $5.37 and a two-hundred day simple moving average of $5.65. The firm has a market capitalization of $70.73 million, a PE ratio of -3.30 and a beta of 1.45.

DLH (NASDAQ:DLHC) last posted its quarterly earnings data on Wednesday, July 29th. The business services provider reported ($1.16) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.99). DLH had a negative net margin of 8.51% and a negative return on equity of 10.42%. The firm had revenue of $44.23 million for the quarter, compared to the consensus estimate of $50.00 million. On average, analysts anticipate that DLH Holdings Corp. will post -0.59 EPS for the current fiscal year.

Hedge Funds Weigh In On DLH

Several large investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its position in shares of DLH by 31.9% in the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock worth $62,000 after purchasing an additional 1,855 shares in the last quarter. Jane Street Group LLC bought a new position in DLH during the 4th quarter valued at approximately $58,000. Qube Research & Technologies Ltd purchased a new position in DLH during the second quarter valued at $73,000. Sandia Investment Management LP purchased a new position in DLH during the fourth quarter valued at $197,000. Finally, Strs Ohio bought a new stake in DLH in the first quarter worth $185,000. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Zacks Research raised DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a research report on Friday, July 17th. Finally, Noble Financial restated an “outperform” rating on shares of DLH in a report on Friday. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

DLH Company Profile

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.