DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Buys 4,407 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHCGet Free Report) major shareholder Mink Brook Asset Management Ll purchased 4,407 shares of DLH stock in a transaction that occurred on Monday, July 13th. The stock was purchased at an average cost of $5.09 per share, for a total transaction of $22,431.63. Following the completion of the purchase, the insider owned 2,158,480 shares of the company’s stock, valued at $10,986,663.20. This trade represents a 0.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Thursday, July 9th, Mink Brook Asset Management Ll acquired 5,000 shares of DLH stock. The stock was 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 shares were acquired at an average price 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 stock was acquired 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 acquired at an average cost of $5.19 per share, with a total value of $48,900.18.
  • On Thursday, July 2nd, Mink Brook Asset Management Ll acquired 5,640 shares of DLH stock. The shares were acquired at an average cost of $5.25 per share, for a total transaction of $29,610.00.
  • On Tuesday, June 30th, Mink Brook Asset Management Ll acquired 4,543 shares of DLH stock. The stock was acquired at an average price of $5.25 per share, for a total transaction of $23,850.75.
  • On Monday, June 29th, Mink Brook Asset Management Ll purchased 640 shares of DLH stock. The stock was bought at an average cost of $5.25 per share, for a total transaction of $3,360.00.
  • On Friday, June 26th, Mink Brook Asset Management Ll acquired 15,280 shares of DLH stock. The shares were bought at an average price of $5.28 per share, with a total value of $80,678.40.
  • On Thursday, June 25th, Mink Brook Asset Management Ll purchased 9,343 shares of DLH stock. The shares were bought at an average price of $5.50 per share, with a total value of $51,386.50.
  • On Wednesday, June 24th, Mink Brook Asset Management Ll purchased 3,739 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $20,564.50.

DLH Stock Performance

Shares of DLH stock opened at $5.25 on Wednesday. The stock has a market cap of $76.07 million, a price-to-earnings ratio of -17.50 and a beta of 1.45. The firm’s 50-day moving average is $5.46 and its 200 day moving average is $5.69. DLH Holdings Corp. has a 1 year low of $5.03 and a 1 year high of $8.10. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.87 and a quick ratio of 0.87.

DLH (NASDAQ:DLHCGet Free Report) last released its quarterly earnings data on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The firm had revenue of $59.27 million for the quarter, compared to the consensus estimate of $58.00 million. DLH had a negative net margin of 1.53% and a negative return on equity of 4.00%. Sell-side analysts anticipate that DLH Holdings Corp. will post -0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On DLH

Large investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in shares of DLH in the 4th quarter worth approximately $58,000. Bank of America Corp DE grew 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 buying an additional 1,855 shares during the period. Qube Research & Technologies Ltd purchased a new stake in DLH during the second quarter valued at approximately $73,000. Strs Ohio purchased a new stake in DLH during the first quarter valued at approximately $185,000. Finally, Sandia Investment Management LP bought a new position in DLH in the fourth quarter worth approximately $197,000. 67.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on DLHC. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. Zacks Research raised DLH from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Get Our Latest Report on DLH

DLH Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for DLH (NASDAQ:DLHC)

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