Key Points
- Mink Brook Asset Management LLC bought 4,543 shares of DLH at an average price of $5.25, bringing its total direct ownership to 2,121,736 shares after the latest transaction.
- The investor has been actively adding to its DLH position in recent days, including multiple purchases in late June at prices mostly between $5.25 and $5.50 per share.
- DLH recently reported a quarterly earnings miss of $0.17 per share versus estimates of $0.16, while analysts currently rate the stock a Reduce overall.
DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll acquired 4,543 shares of the firm's stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average price of $5.25 per share, with a total value of $23,850.75. Following the acquisition, the insider directly owned 2,121,736 shares of the company's stock, valued at $11,139,114. The trade was a 0.21% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Mink Brook Asset Management Ll also recently made the following trade(s):
- On Monday, June 29th, Mink Brook Asset Management Ll bought 640 shares of DLH stock. The stock was purchased at an average cost of $5.25 per share, with a total value of $3,360.00.
- On Friday, June 26th, Mink Brook Asset Management Ll acquired 15,280 shares of DLH stock. The stock was purchased at an average cost of $5.28 per share, with a total value of $80,678.40.
- On Thursday, June 25th, Mink Brook Asset Management Ll bought 9,343 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, with a total value of $51,386.50.
- On Wednesday, June 24th, Mink Brook Asset Management Ll bought 3,739 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $20,564.50.
- On Tuesday, June 23rd, Mink Brook Asset Management Ll acquired 110 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $605.00.
- On Monday, June 22nd, Mink Brook Asset Management Ll purchased 624 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $3,432.00.
- On Thursday, June 18th, Mink Brook Asset Management Ll bought 6,460 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $35,530.00.
- On Wednesday, June 17th, Mink Brook Asset Management Ll acquired 2,733 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, for a total transaction of $15,031.50.
- On Tuesday, June 16th, Mink Brook Asset Management Ll purchased 3,859 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $21,224.50.
- On Tuesday, June 9th, Mink Brook Asset Management Ll bought 71 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, for a total transaction of $390.50.
DLH Stock Performance
DLH stock opened at $5.25 on Wednesday. DLH Holdings Corp. has a fifty-two week low of $5.12 and a fifty-two week high of $8.10. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market cap of $76.07 million, a P/E ratio of -17.50 and a beta of 1.45. The firm's fifty day moving average price is $5.61 and its 200-day moving average price is $5.72.
DLH (NASDAQ:DLHC - Get Free Report) last released its earnings results on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $59.27 million during the quarter, compared to the consensus estimate of $58.00 million. On average, equities research analysts expect that DLH Holdings Corp. will post -0.59 earnings per share for the current fiscal year.
Institutional Trading of DLH
Hedge funds and other institutional investors have recently modified their holdings of the business. North Star Investment Management Corp. bought a new stake in shares of DLH in the 1st quarter worth approximately $786,000. Sandia Investment Management LP purchased a new position in DLH during the fourth quarter valued at $197,000. Rothschild Wealth LLC purchased a new position in DLH during the fourth quarter valued at $928,000. Mink Brook Asset Management LLC boosted its holdings in DLH by 2.3% in the fourth quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider's stock worth $14,836,000 after acquiring an additional 59,498 shares in the last quarter. Finally, State Street Corp boosted its holdings in DLH by 28.7% in the fourth quarter. State Street Corp now owns 59,609 shares of the business services provider's stock worth $337,000 after acquiring an additional 13,300 shares in the last quarter. 67.25% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have weighed in on DLHC. Zacks Research upgraded DLH from a "strong sell" rating to a "hold" rating in a research report on Monday, April 13th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of DLH in a research note on Monday, April 20th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, DLH has a consensus rating of "Reduce".
Read Our Latest Stock Analysis on DLHC
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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