DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Purchases 4,000 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll purchased 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average price of $4.87 per share, for a total transaction of $19,480.00. Following the completion of the transaction, the insider directly owned 2,171,165 shares in the company, valued at $10,573,573.55. This trade represents a 0.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Mink Brook Asset Management Ll also recently made the following trade(s):

• On Wednesday, August 5th, Mink Brook Asset Management Ll acquired 1,049 shares of DLH stock. The shares were purchased at an average price of $4.84 per share, with a total value of $5,077.16.
• On Friday, July 31st, Mink Brook Asset Management Ll purchased 441 shares of DLH stock. The stock was purchased at an average cost of $4.86 per share, with a total value of $2,143.26.
• On Thursday, July 30th, Mink Brook Asset Management Ll purchased 7,944 shares of DLH stock. The stock was acquired at an average price of $4.96 per share, with a total value of $39,402.24.
• On Monday, July 27th, Mink Brook Asset Management Ll purchased 10 shares of DLH stock. The shares were acquired at an average cost of $5.09 per share, for a total transaction 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 cost of $5.10 per share, for a total transaction of $1,994.10.
• On Thursday, July 23rd, Mink Brook Asset Management Ll purchased 79 shares of DLH stock. The stock was bought at an average price of $5.10 per share, with a total value of $402.90.
• On Monday, July 13th, Mink Brook Asset Management Ll bought 4,407 shares of DLH stock. The stock was bought at an average cost 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 shares were purchased at an average price 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 stock was purchased 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 acquired 5,000 shares of DLH stock. The stock was acquired at an average price of $5.17 per share, for a total transaction of $25,850.00.

DLH Price Performance

DLHC remained flat at $4.84 during trading hours on Wednesday. 11,116 shares of the company traded hands, compared to its average volume of 28,859. The firm has a fifty day moving average price of $5.35 and a 200-day moving average price of $5.64. DLH Holdings Corp. has a fifty-two week low of $4.71 and a fifty-two week high of $8.10. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $70.13 million, a PE ratio of -3.27 and a beta of 1.47.

DLH (NASDAQ:DLHC) last posted its quarterly earnings results on Wednesday, July 29th. The business services provider reported ($1.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.99). The company had revenue of $44.23 million during the quarter, compared to the consensus estimate of $50.00 million. DLH had a negative net margin of 8.51% and a negative return on equity of 10.42%.

Hedge Funds Weigh In On DLH

Institutional investors and hedge funds have recently made changes to their positions in the stock. North Star Investment Management Corp. purchased a new position in DLH during the 1st quarter worth $786,000. Sandia Investment Management LP bought a new position in shares of DLH in the fourth quarter worth approximately $197,000. Rothschild Wealth LLC purchased a new position in DLH in the fourth quarter worth $928,000. Mink Brook Asset Management LLC boosted its stake in shares of DLH by 2.3% in the 4th quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock valued at $14,836,000 after purchasing an additional 59,498 shares in the last quarter. Finally, State Street Corp grew its position in DLH by 28.7% during the 4th quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock worth $337,000 after acquiring an additional 13,300 shares during the last quarter. Institutional investors own 67.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a report on Friday, July 17th. Noble Financial restated an “outperform” rating on shares of DLH in a report on Friday, July 31st. Finally, Zacks Research upgraded shares of DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

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.