Key Points
- DLH major shareholder Mink Brook Asset Management bought 2,397 shares on May 19 at $5.50 each, a $13,183.50 purchase that lifted its direct stake to about 2.06 million shares. The filing shows the shareholder has been steadily adding to DLH stock in recent weeks.
- Recent insider activity includes multiple additional purchases by Mink Brook Asset Management, including 68,547 shares on May 13 and 5,304 shares on May 18, all at $5.50 per share. This suggests sustained insider buying rather than a one-off trade.
- DLH recently reported mixed quarterly results, missing EPS estimates by a penny while revenue came in above expectations. Analysts remain cautious, with an average rating of “Reduce,” and the stock is trading near $5.52, below its 50-day and 200-day averages.
DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll purchased 2,397 shares of the firm's stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $13,183.50. Following the purchase, the insider directly owned 2,060,151 shares in the company, valued at approximately $11,330,830.50. This represents a 0.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large 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 Monday, May 18th, Mink Brook Asset Management Ll acquired 5,304 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $29,172.00.
- On Thursday, May 14th, Mink Brook Asset Management Ll acquired 512 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $2,816.00.
- On Wednesday, May 13th, Mink Brook Asset Management Ll bought 68,547 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $377,008.50.
- On Tuesday, April 7th, Mink Brook Asset Management Ll bought 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 purchased 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 purchased 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.
DLH Price Performance
DLH stock opened at $5.52 on Wednesday. DLH Holdings Corp. has a 52 week low of $4.91 and a 52 week 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. The firm's 50-day simple moving average is $5.82 and its 200 day simple moving average is $5.83. The firm has a market capitalization of $79.98 million, a PE ratio of -18.40 and a beta of 1.47.
DLH (NASDAQ:DLHC - Get Free Report) last posted its earnings results on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The business had revenue of $59.27 million for the quarter, compared to analysts' expectations of $58.00 million. DLH had a negative net margin of 1.53% and a negative return on equity of 4.00%. On average, equities research analysts predict that DLH Holdings Corp. will post -0.59 EPS for the current fiscal year.
Institutional Investors Weigh In On DLH
A number of hedge funds and other institutional investors have recently made changes to their positions in DLHC. Jane Street Group LLC acquired a new position in DLH in the fourth quarter valued at $58,000. Bank of America Corp DE boosted its stake 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 worth $62,000 after buying an additional 1,855 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in DLH in the 2nd quarter valued at about $73,000. Strs Ohio purchased a new stake in DLH in the 1st quarter valued at about $185,000. Finally, Sandia Investment Management LP acquired a new position in shares of DLH during the 4th quarter valued at about $197,000. Hedge funds and other institutional investors own 67.25% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on DLHC shares. Zacks Research raised shares of DLH from a "strong sell" rating to a "hold" rating in a research note on Monday, April 13th. Weiss Ratings reiterated a "sell (d)" rating on shares of DLH in a report on Monday, April 20th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Reduce".
View Our Latest Stock Analysis on DLHC
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
