DLH (NASDAQ:DLHC) Major Shareholder Mink Brook Asset Management Ll Acquires 2,733 Shares of Stock

DLH Holdings Corp. (NASDAQ:DLHCGet Free Report) major shareholder Mink Brook Asset Management Ll bought 2,733 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was bought at an average cost of $5.50 per share, with a total value of $15,031.50. Following the acquisition, the insider directly owned 2,080,997 shares of the company’s stock, valued at approximately $11,445,483.50. The trade was a 0.13% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 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 Tuesday, June 16th, Mink Brook Asset Management Ll bought 3,859 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $21,224.50.
  • On Tuesday, June 9th, Mink Brook Asset Management Ll bought 71 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $390.50.
  • On Monday, June 8th, Mink Brook Asset Management Ll bought 49 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $269.50.
  • On Tuesday, June 2nd, Mink Brook Asset Management Ll bought 7,494 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $41,217.00.
  • On Wednesday, May 27th, Mink Brook Asset Management Ll bought 3,223 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $17,726.50.
  • On Thursday, May 21st, Mink Brook Asset Management Ll bought 1,584 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $8,712.00.
  • On Wednesday, May 20th, Mink Brook Asset Management Ll bought 120 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $660.00.
  • On Tuesday, May 19th, Mink Brook Asset Management Ll bought 2,397 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, with a total value of $13,183.50.
  • On Monday, May 18th, Mink Brook Asset Management Ll acquired 5,304 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $29,172.00.
  • On Thursday, May 14th, Mink Brook Asset Management Ll acquired 512 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $2,816.00.

DLH Stock Performance

DLH stock opened at $5.50 on Thursday. The business has a 50 day moving average of $5.73 and a 200-day moving average of $5.76. DLH Holdings Corp. has a 1 year low of $5.32 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. The company has a market capitalization of $79.70 million, a P/E ratio of -18.33 and a beta of 1.45.

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 (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.01). DLH had a negative net margin of 1.53% and a negative return on equity of 4.00%. The firm had revenue of $59.27 million during the quarter, compared to analyst estimates of $58.00 million. On average, equities research analysts predict that DLH Holdings Corp. will post -0.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed 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 note on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Read Our Latest Report on DLH

Institutional Trading of DLH

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position 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 purchasing an additional 1,855 shares during the period. Jane Street Group LLC acquired a new stake in DLH during the 4th quarter valued at approximately $58,000. Qube Research & Technologies Ltd acquired a new stake in DLH during the 2nd quarter valued at approximately $73,000. Sandia Investment Management LP acquired a new stake in DLH during the 4th quarter valued at approximately $197,000. Finally, Strs Ohio acquired a new stake in DLH during the 1st quarter valued at approximately $185,000. Institutional investors and hedge funds own 67.25% of the company’s stock.

About DLH

(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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