DLH Holdings Corp. (NASDAQ:DLHC – Get Free Report) major shareholder Mink Brook Asset Management Ll purchased 5,640 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were purchased at an average cost of $5.25 per share, for a total transaction of $29,610.00. Following the completion of the purchase, the insider owned 2,127,376 shares in the company, valued at $11,168,724. This trade represents a 0.27% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more 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 Monday, July 6th, Mink Brook Asset Management Ll acquired 9,422 shares of DLH stock. The shares were acquired at an average price of $5.19 per share, with a total value of $48,900.18.
- On Tuesday, June 30th, Mink Brook Asset Management Ll acquired 4,543 shares of DLH stock. The shares were bought at an average cost of $5.25 per share, with a total value of $23,850.75.
- On Monday, June 29th, Mink Brook Asset Management Ll purchased 640 shares of DLH stock. The shares were bought at an average price of $5.25 per share, with a total value of $3,360.00.
- On Friday, June 26th, Mink Brook Asset Management Ll bought 15,280 shares of DLH stock. The stock was purchased 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 acquired 9,343 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $51,386.50.
- On Wednesday, June 24th, Mink Brook Asset Management Ll bought 3,739 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $20,564.50.
- On Tuesday, June 23rd, Mink Brook Asset Management Ll bought 110 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, with a total value of $605.00.
- On Monday, June 22nd, Mink Brook Asset Management Ll acquired 624 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, for a total transaction of $3,432.00.
- On Thursday, June 18th, Mink Brook Asset Management Ll purchased 6,460 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, for a total transaction of $35,530.00.
- On Wednesday, June 17th, Mink Brook Asset Management Ll bought 2,733 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $15,031.50.
DLH Price Performance
NASDAQ DLHC opened at $5.25 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.00. The company has a market cap of $76.07 million, a PE ratio of -17.50 and a beta of 1.45. DLH Holdings Corp. has a 52 week low of $5.12 and a 52 week high of $8.10. The firm’s 50-day simple moving average is $5.53 and its two-hundred day simple moving average is $5.70.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on DLHC shares. Zacks Research upgraded DLH from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, DLH presently has an average rating of “Reduce”.
Check Out Our Latest Report on DLH
Institutional Trading of DLH
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in shares of 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 worth $62,000 after purchasing an additional 1,855 shares during the period. Jane Street Group LLC bought a new position in DLH during the 4th quarter valued at approximately $58,000. Qube Research & Technologies Ltd purchased a new stake in DLH in the 2nd quarter worth approximately $73,000. Sandia Investment Management LP purchased a new stake in DLH in the 4th quarter worth approximately $197,000. Finally, Strs Ohio bought a new stake in shares of DLH in the 1st quarter worth approximately $185,000. Institutional investors own 67.25% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than DLH
- Apple and Broadcom Forge a Decade-Long Silicon Fortress
- SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
- The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
- Palantir’s CEO Just Called Out OpenAI and Anthropic
Receive News & Ratings for DLH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DLH and related companies with MarketBeat.com's FREE daily email newsletter.
