Key Points
- Major shareholder Mink Brook Asset Management bought 7,494 shares of DLH at $5.50 each on June 2, increasing its stake to 2,072,572 shares valued at about $11.4 million.
- The filing follows a series of recent insider purchases by Mink Brook, including a much larger buy of 68,547 shares on May 13, all at the same $5.50 price.
- DLH recently reported quarterly EPS of -$0.17, slightly worse than estimates, though revenue of $59.27 million topped expectations; analysts currently have a consensus "Reduce" rating on the stock.
DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll acquired 7,494 shares of the business's stock in a transaction dated Tuesday, June 2nd. The shares were bought at an average price of $5.50 per share, for a total transaction of $41,217.00. Following the acquisition, the insider owned 2,072,572 shares of the company's stock, valued at approximately $11,399,146. This represents a 0.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large 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 Wednesday, May 27th, Mink Brook Asset Management Ll acquired 3,223 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $17,726.50.
- On Thursday, May 21st, Mink Brook Asset Management Ll acquired 1,584 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $8,712.00.
- On Wednesday, May 20th, Mink Brook Asset Management Ll acquired 120 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $660.00.
- On Tuesday, May 19th, Mink Brook Asset Management Ll acquired 2,397 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $13,183.50.
- On Monday, May 18th, Mink Brook Asset Management Ll acquired 5,304 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $29,172.00.
- On Thursday, May 14th, Mink Brook Asset Management Ll acquired 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 Wednesday, May 13th, Mink Brook Asset Management Ll acquired 68,547 shares of DLH stock. The shares were bought 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 acquired 196 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $1,078.00.
DLH Stock Performance
DLHC opened at $5.51 on Thursday. DLH Holdings Corp. has a 52-week low of $5.10 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 company has a market cap of $79.84 million, a P/E ratio of -18.37 and a beta of 1.45. The firm's 50-day moving average price is $5.77 and its 200-day moving average price is $5.80.
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 for the quarter, missing the consensus estimate of ($0.16) by ($0.01). DLH had a negative return on equity of 4.00% and a negative net margin of 1.53%.The business had revenue of $59.27 million during the quarter, compared to analyst estimates of $58.00 million. As a group, equities analysts anticipate that DLH Holdings Corp. will post -0.59 EPS for the current fiscal year.
Hedge Funds Weigh In On DLH
Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings 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 period. Jane Street Group LLC purchased a new stake in DLH in the 4th quarter worth 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 purchased a new stake in DLH in the 1st quarter worth approximately $185,000. Institutional investors and hedge funds own 67.25% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on DLHC shares. Weiss Ratings reiterated a "sell (d)" rating on shares of DLH in a report on Monday, April 20th. Zacks Research upgraded shares of DLH from a "strong sell" rating to a "hold" rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce".
Check Out Our Latest Research Report 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.
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