Mink Brook Asset Management Ll Purchases 68,547 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHCGet Free Report) major shareholder Mink Brook Asset Management Ll bought 68,547 shares of the stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $5.50 per share, with a total value of $377,008.50. Following the acquisition, the insider directly owned 2,051,938 shares in the company, valued at approximately $11,285,659. This trade represents a 3.46% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 Thursday, May 14th, Mink Brook Asset Management Ll bought 512 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, with a total value of $2,816.00.
  • On Tuesday, April 7th, Mink Brook Asset Management Ll bought 196 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, with a total value of $1,078.00.
  • On Thursday, February 19th, Mink Brook Asset Management Ll bought 8,048 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, with a total value of $44,264.00.
  • On Wednesday, February 18th, Mink Brook Asset Management Ll purchased 22,057 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $121,313.50.
  • On Tuesday, February 17th, Mink Brook Asset Management Ll purchased 2,642 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $14,531.00.
  • On Friday, February 13th, Mink Brook Asset Management Ll purchased 319 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $1,754.50.

DLH Trading Down 1.1%

Shares of NASDAQ DLHC opened at $5.44 on Friday. The company’s fifty day moving average is $5.84 and its 200-day moving average is $5.84. The stock has a market cap of $78.83 million, a price-to-earnings ratio of -18.13 and a beta of 1.47. DLH Holdings Corp. has a twelve month low of $4.79 and a twelve month high of $8.10. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.00.

DLH (NASDAQ:DLHCGet Free Report) last announced its quarterly earnings results 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 return on equity of 4.00% and a negative net margin of 1.53%. Equities research analysts predict that DLH Holdings Corp. will post -0.59 EPS for the current year.

Institutional Investors Weigh In On DLH

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in DLH in the 4th quarter valued at $58,000. Bank of America Corp DE lifted its position in DLH by 31.9% in 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 in the last quarter. Qube Research & Technologies Ltd bought a new stake in DLH in the 2nd quarter valued at $73,000. Strs Ohio bought a new stake in DLH during the 1st quarter worth about $185,000. Finally, Sandia Investment Management LP bought a new stake in DLH during the 4th quarter worth about $197,000. 67.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DLHC shares. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a research report on Monday, April 20th. Zacks Research raised shares of DLH from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

View Our Latest Stock 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.

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

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