Key Points
- Mink Brook Asset Management bought 3,569 DLHC shares on Jan. 7 at $5.50 (≈$19,630), and after this trade owned about 1.94 million shares valued at roughly $10.64 million following a string of recent purchases including 44,208 shares on Dec. 17.
- DLH missed quarterly expectations, reporting ($0.06) EPS versus $0.02 expected and $81.16 million in revenue versus $83.5 million forecast.
- The stock trades around $5.50 with a market cap of ~$79.7 million and a P/E of 55.01, institutional investors hold about 67.25% of shares, and analysts’ average rating on DLH is "Sell."
DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll purchased 3,569 shares of the business's stock in a transaction that occurred on Wednesday, January 7th. The stock was bought at an average cost of $5.50 per share, with a total value of $19,629.50. Following the acquisition, the insider owned 1,935,094 shares of the company's stock, valued at approximately $10,643,017. The trade was a 0.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Mink Brook Asset Management Ll also recently made the following trade(s):
- On Thursday, January 8th, Mink Brook Asset Management Ll bought 1,458 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, for a total transaction of $8,019.00.
- On Thursday, December 18th, Mink Brook Asset Management Ll bought 78 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $429.00.
- On Wednesday, December 17th, Mink Brook Asset Management Ll acquired 44,208 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $243,144.00.
- On Thursday, December 11th, Mink Brook Asset Management Ll bought 924 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $5,082.00.
- On Monday, October 20th, Mink Brook Asset Management Ll acquired 202 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $1,111.00.
- On Friday, October 17th, Mink Brook Asset Management Ll bought 645 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $3,547.50.
- On Thursday, October 16th, Mink Brook Asset Management Ll acquired 165 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $907.50.
DLH Stock Down 0.5%
Shares of NASDAQ DLHC opened at $5.50 on Friday. The business has a 50-day moving average of $5.87 and a two-hundred day moving average of $5.72. The company has a market capitalization of $79.71 million, a price-to-earnings ratio of 55.01 and a beta of 1.57. DLH Holdings Corp. has a 1 year low of $2.72 and a 1 year high of $8.25. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.00 and a quick ratio of 1.00.
DLH (NASDAQ:DLHC - Get Free Report) last announced its quarterly earnings results on Wednesday, December 10th. The business services provider reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.08). The company had revenue of $81.16 million during the quarter, compared to analysts' expectations of $83.50 million. DLH had a net margin of 0.40% and a return on equity of 1.21%. During the same period last year, the firm earned $0.16 earnings per share. On average, analysts forecast that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.
Institutional Investors Weigh In On DLH
Institutional investors and hedge funds have recently modified their holdings of the stock. Mink Brook Asset Management LLC boosted its position in DLH by 8.4% during the 3rd quarter. Mink Brook Asset Management LLC now owns 2,566,349 shares of the business services provider's stock worth $14,500,000 after acquiring an additional 199,584 shares during the period. Minerva Advisors LLC increased its holdings in DLH by 0.5% in the third quarter. Minerva Advisors LLC now owns 1,116,802 shares of the business services provider's stock worth $6,310,000 after buying an additional 6,059 shares during the last quarter. Vanguard Group Inc. lifted its holdings in 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 position in DLH during the second quarter valued at approximately $65,000. Finally, RBF Capital LLC acquired a new position in DLH during the 2nd quarter worth $1,314,000. Institutional investors and hedge funds own 67.25% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. Zacks Research lowered shares of DLH from a "hold" rating to a "strong sell" rating in a research report on Wednesday, December 17th. Weiss Ratings reissued a "sell (d)" rating on shares of DLH in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, DLH presently has an average rating of "Sell".
Read Our Latest Analysis on DLH
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.
Further Reading
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