Insider Buying: DLH (NASDAQ:DLHC) Major Shareholder Acquires $736,666.30 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 199,099 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were acquired at an average price of $3.70 per share, with a total value of $736,666.30. Following the completion of the purchase, the insider owned 893,421 shares in the company, valued at approximately $3,305,657.70. This trade represents a 28.68% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 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 Monday, September 28th, Mink Brook Asset Management Ll acquired 60 shares of DLH stock. The stock was acquired at an average price of $3.47 per share, for a total transaction of $208.20.
• On Thursday, September 24th, Mink Brook Asset Management Ll acquired 58 shares of DLH stock. The stock was acquired at an average price of $3.85 per share, for a total transaction of $223.30.
• On Wednesday, September 23rd, Mink Brook Asset Management Ll bought 100 shares of DLH stock. The shares were acquired at an average cost of $3.88 per share, with a total value of $388.00.
• On Tuesday, September 22nd, Mink Brook Asset Management Ll bought 301 shares of DLH stock. The shares were acquired at an average price of $4.00 per share, with a total value of $1,204.00.
• On Monday, September 21st, Mink Brook Asset Management Ll purchased 174 shares of DLH stock. The stock was acquired at an average cost of $4.00 per share, for a total transaction of $696.00.
• On Friday, September 18th, Mink Brook Asset Management Ll purchased 316 shares of DLH stock. The shares were bought at an average cost of $3.93 per share, for a total transaction of $1,241.88.
• On Thursday, September 17th, Mink Brook Asset Management Ll acquired 204 shares of DLH stock. The shares were bought at an average price of $3.96 per share, with a total value of $807.84.
• On Wednesday, September 16th, Mink Brook Asset Management Ll acquired 1,000 shares of DLH stock. The stock was bought at an average cost of $3.94 per share, with a total value of $3,940.00.
• On Tuesday, September 15th, Mink Brook Asset Management Ll bought 621 shares of DLH stock. The stock was bought at an average price of $3.68 per share, for a total transaction of $2,285.28.
• On Monday, September 14th, Mink Brook Asset Management Ll bought 730 shares of DLH stock. The shares were bought at an average cost of $3.84 per share, for a total transaction of $2,803.20.

DLH Price Performance

DLH stock opened at $4.05 on Monday. The business’s 50-day moving average price is $4.33 and its 200 day moving average price is $5.16. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.13. The firm has a market cap of $58.68 million, a price-to-earnings ratio of -2.74 and a beta of 1.52. DLH Holdings Corp. has a 52 week low of $3.38 and a 52 week high of $8.10.

DLH (NASDAQ:DLHC) last released its quarterly earnings data on Wednesday, July 29th. The business services provider reported ($1.16) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.99). The company had revenue of $44.23 million during the quarter, compared to analysts’ expectations of $50.00 million. DLH had a negative return on equity of 10.42% and a negative net margin of 8.51%. As a group, sell-side analysts anticipate that DLH Holdings Corp. will post -0.76 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Zacks Research upgraded shares of DLH from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 29th. Noble Financial reissued an “outperform” rating on shares of DLH in a research note on Friday, July 31st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of DLH in a research report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Institutional Investors Weigh In On DLH

An institutional investor recently bought a new stake in DLH stock. Bank of New York Mellon Corp purchased a new position in DLH Holdings Corp. (NASDAQ:DLHC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,738 shares of the business services provider’s stock, valued at approximately $62,000. Bank of New York Mellon Corp owned approximately 0.08% of DLH as of its most recent filing with the Securities and Exchange Commission. 67.25% of the stock is owned by institutional investors.

DLH Company Profile

DLH Holdings Corp. (NASDAQ: DLHC) provides technology-enabled healthcare, human services, logistics and technical solutions primarily to agencies of the U.S. federal government. Its work supports public health, medical research, clinical care, military and veteran services, and government program operations.

The company’s offerings include healthcare delivery and administration, data analytics, information technology and digital transformation, scientific and technical support, medical logistics, and program management.