Key Points
- Mink Brook Asset Management bought 44,208 shares of DLH on Dec. 17 at $5.50 each (about $243,144), raising its ownership by 2.34% to 1,931,447 shares valued at roughly $10.6M.
- Mink Brook has been steadily adding to its position through multiple recent purchases and is one of DLH’s largest institutional holders.
- DLH recently missed expectations—quarterly EPS of ($0.06) vs. $0.02 expected and revenue below estimates—and the stock carries a consensus analyst rating of Sell with a market cap near $80.6M.
DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll acquired 44,208 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was purchased at an average cost of $5.50 per share, with a total value of $243,144.00. Following the completion of the acquisition, the insider owned 1,931,447 shares of the company's stock, valued at $10,622,958.50. The trade was a 2.34% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company's shares 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, December 18th, Mink Brook Asset Management Ll acquired 78 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, with a total value of $429.00.
- On Thursday, December 11th, Mink Brook Asset Management Ll acquired 924 shares of DLH stock. The shares were bought at an average price of $5.50 per share, with a total value of $5,082.00.
- On Monday, October 20th, Mink Brook Asset Management Ll purchased 202 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $1,111.00.
- On Friday, October 17th, Mink Brook Asset Management Ll purchased 645 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $3,547.50.
- On Thursday, October 16th, Mink Brook Asset Management Ll bought 165 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, for a total transaction of $907.50.
- On Monday, October 6th, Mink Brook Asset Management Ll bought 100 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $550.00.
- On Tuesday, October 7th, Mink Brook Asset Management Ll purchased 13,176 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $72,468.00.
DLH Trading Down 1.1%
Shares of NASDAQ:DLHC opened at $5.56 on Friday. The company has a 50 day moving average of $5.89 and a 200-day moving average of $5.70. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.06. The firm has a market cap of $80.56 million, a P/E ratio of 55.61 and a beta of 1.56. DLH Holdings Corp. has a twelve month low of $2.72 and a twelve month high of $8.45.
DLH (NASDAQ:DLHC - Get Free Report) last released its earnings results on Wednesday, December 10th. The business services provider reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.08). The business had revenue of $81.16 million during the quarter, compared to the consensus estimate of $83.50 million. DLH had a return on equity of 1.21% and a net margin of 0.40%.During the same quarter in the previous year, the firm earned $0.16 earnings per share. As a group, analysts anticipate that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Zacks Research downgraded DLH from a "hold" rating to a "strong sell" rating in a report on Wednesday. Weiss Ratings reaffirmed a "sell (d)" rating on shares of DLH in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, DLH presently has a consensus rating of "Sell".
Get Our Latest Stock Analysis on DLHC
Institutional Investors Weigh In On DLH
Institutional investors have recently modified their holdings of the business. Mink Brook Asset Management LLC raised its stake in shares of DLH by 8.4% during the third quarter. Mink Brook Asset Management LLC now owns 2,566,349 shares of the business services provider's stock worth $14,500,000 after buying an additional 199,584 shares during the last quarter. Minerva Advisors LLC lifted its stake in shares of DLH by 0.5% in the 3rd quarter. Minerva Advisors LLC now owns 1,116,802 shares of the business services provider's stock valued at $6,310,000 after purchasing an additional 6,059 shares during the period. Vanguard Group Inc. boosted its position in shares of DLH by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider's stock worth $2,795,000 after purchasing an additional 5,735 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of DLH during the second quarter worth $65,000. Finally, RBF Capital LLC acquired a new stake in shares of DLH during the second quarter worth $1,314,000. Institutional investors and hedge funds own 67.25% of the company's stock.
About DLH
(
Get Free Report)
DLH Holdings Corp. provides technology-enabled business process outsourcing, program management solutions, and public health research and analytics services in the United States. It offers digital transformation and cyber security solutions, including artificial intelligence and machine learning, cloud enablement, cybersecurity ecosystem, big data analytics, and modeling and simulation to the National Institutes of Health (NIH), the Defense Health Agency, Tele-medicine and Advanced Technology Research Center, and US Navy Naval Information Warfare Center (NIWC).
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