Insider Buying: DLH (NASDAQ:DLHC) Major Shareholder Buys $44,264.00 in Stock

DLH Holdings Corp. (NASDAQ:DLHC) major shareholder Mink Brook Asset Management Ll acquired 8,048 shares of the stock in a transaction on Thursday, February 19th. The stock was bought at an average price of $5.50 per share, with a total value of $44,264.00. Following the completion of the acquisition, the insider directly owned 1,983,195 shares of the company’s stock, valued at $10,907,572.50. This trade represents a 0.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Large 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 Wednesday, February 18th, Mink Brook Asset Management Ll bought 22,057 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $121,313.50.
• On Tuesday, February 17th, Mink Brook Asset Management Ll bought 2,642 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $14,531.00.
• On Friday, February 13th, Mink Brook Asset Management Ll bought 319 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, with a total value of $1,754.50.
• On Thursday, February 12th, Mink Brook Asset Management Ll purchased 13,577 shares of DLH stock. The stock was 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 acquired 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 shares were 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 bought 78 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $429.00.
• On Wednesday, December 17th, Mink Brook Asset Management Ll purchased 44,208 shares of DLH stock. The stock was acquired at an average price 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 shares were acquired at an average cost of $5.50 per share, with a total value of $5,082.00.

DLH Trading Up 4.3%

NASDAQ:DLHC opened at $5.81 on Monday. The firm has a market capitalization of $84.19 million, a P/E ratio of -82.99 and a beta of 1.60. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.97 and a quick ratio of 0.97. DLH Holdings Corp. has a one year low of $2.72 and a one year high of $8.10. The company’s 50-day simple moving average is $5.71 and its 200 day simple moving average is $5.74.

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 net margin of 0.33% and a negative return on equity of 0.95%. As a group, analysts forecast that DLH Holdings Corp. will post -0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On DLH

Large investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in 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 acquiring an additional 1,855 shares during the period. Strs Ohio purchased a new position in shares of DLH during the first quarter valued at approximately $185,000. Y Intercept Hong Kong Ltd bought a new position in DLH during the second quarter valued at approximately $239,000. Quadrature Capital Ltd purchased a new stake in DLH in the second quarter worth approximately $89,000. Finally, Minerva Advisors LLC grew its position in DLH by 9.1% in the 2nd quarter. Minerva Advisors LLC now owns 1,110,743 shares of the business services provider’s stock worth $6,442,000 after purchasing an additional 92,346 shares during the period. 67.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Zacks Research downgraded DLH from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 17th. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

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.