Key Points
- Mink Brook Asset Management, a major DLH shareholder, bought 68,547 shares at $5.50 each on May 13, increasing its stake by 3.46% and lifting its holdings to about 2.05 million shares.
- The insider has been actively buying DLH stock in recent months, including several smaller purchases at the same $5.50 price, signaling continued accumulation.
- DLH recently reported mixed quarterly results: revenue topped estimates at $59.27 million, but EPS missed expectations slightly, while Wall Street sentiment remains cautious with a consensus rating of “Reduce”.
DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll bought 68,547 shares of DLH stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price of $5.50 per share, with a total value of $377,008.50. Following the completion of the acquisition, the insider owned 2,051,938 shares in the company, valued at approximately $11,285,659. The trade was a 3.46% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 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, May 14th, Mink Brook Asset Management Ll purchased 512 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $2,816.00.
- On Tuesday, April 7th, Mink Brook Asset Management Ll purchased 196 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $1,078.00.
- On Thursday, February 19th, Mink Brook Asset Management Ll acquired 8,048 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, with a total value of $44,264.00.
- On Wednesday, February 18th, Mink Brook Asset Management Ll acquired 22,057 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $121,313.50.
- On Tuesday, February 17th, Mink Brook Asset Management Ll bought 2,642 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $14,531.00.
- On Friday, February 13th, Mink Brook Asset Management Ll bought 319 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $1,754.50.
DLH Price Performance
DLH stock opened at $5.50 on Friday. The firm has a market cap of $79.70 million, a price-to-earnings ratio of -18.33 and a beta of 1.47. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.87 and a quick ratio of 0.87. DLH Holdings Corp. has a fifty-two week low of $4.75 and a fifty-two week high of $8.10. The firm has a fifty day moving average price of $5.85 and a two-hundred day moving average price of $5.84.
DLH (NASDAQ:DLHC - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $59.27 million during the quarter, compared to analyst estimates of $58.00 million. DLH had a negative net margin of 1.53% and a negative return on equity of 4.00%. As a group, analysts forecast that DLH Holdings Corp. will post -0.59 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in DLHC. Bank of America Corp DE raised its position 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 valued at $62,000 after buying an additional 1,855 shares during the last quarter. Vanguard Group Inc. grew its position in DLH by 1.2% during the third quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider's stock worth $2,795,000 after buying an additional 5,735 shares in the last quarter. Minerva Advisors LLC increased its stake in DLH by 0.5% during the third quarter. Minerva Advisors LLC now owns 1,116,802 shares of the business services provider's stock valued at $6,310,000 after acquiring an additional 6,059 shares during the period. Jane Street Group LLC bought a new position in DLH during the fourth quarter valued at about $58,000. Finally, Qube Research & Technologies Ltd acquired a new position in DLH in the 2nd quarter valued at approximately $73,000. Institutional investors own 67.25% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on DLHC shares. Weiss Ratings reaffirmed a "sell (d)" rating on shares of DLH in a report on Monday, April 20th. Zacks Research upgraded DLH from a "strong sell" rating to a "hold" rating in a report on Monday, April 13th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce".
Read Our Latest Research 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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