Key Points
- Major shareholder Mink Brook Asset Management Ll continued buying DLH shares, purchasing 5,640 shares on July 2 at $5.25 each, after several other recent insider buys in late June and early July.
- The stock has been under pressure, with DLH trading around $5.18, near its 52-week low of $5.12 and below both its 50-day and 200-day moving averages.
- Fundamentals and sentiment remain weak, as DLH recently missed EPS estimates, analysts currently rate the stock a consensus “Reduce,” and the company has negative profitability metrics.
DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll acquired 5,640 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was acquired at an average price of $5.25 per share, with a total value of $29,610.00. Following the completion of the transaction, the insider directly owned 2,127,376 shares of the company's stock, valued at $11,168,724. This trade represents a 0.27% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 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 Monday, July 6th, Mink Brook Asset Management Ll purchased 9,422 shares of DLH stock. The stock was acquired at an average cost of $5.19 per share, for a total transaction of $48,900.18.
- On Tuesday, June 30th, Mink Brook Asset Management Ll purchased 4,543 shares of DLH stock. The shares were acquired at an average price of $5.25 per share, with a total value of $23,850.75.
- On Monday, June 29th, Mink Brook Asset Management Ll acquired 640 shares of DLH stock. The shares were acquired 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 bought 15,280 shares of DLH stock. The stock was bought at an average cost of $5.28 per share, for a total transaction of $80,678.40.
- On Thursday, June 25th, Mink Brook Asset Management Ll purchased 9,343 shares of DLH stock. The shares were bought 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 purchased 3,739 shares of DLH stock. The stock was bought 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 stock was 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 acquired 624 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $3,432.00.
- On Thursday, June 18th, Mink Brook Asset Management Ll acquired 6,460 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $35,530.00.
- On Wednesday, June 17th, Mink Brook Asset Management Ll acquired 2,733 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $15,031.50.
DLH Stock Down 1.5%
Shares of NASDAQ:DLHC opened at $5.18 on Tuesday. The firm's 50-day moving average is $5.54 and its two-hundred day moving average is $5.70. 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 1 year low of $5.12 and a 1 year high of $8.10. The firm has a market capitalization of $75.04 million, a PE ratio of -17.27 and a beta of 1.45.
DLH (NASDAQ:DLHC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported ($0.17) 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 return on equity of 4.00% and a negative net margin of 1.53%. Analysts predict that DLH Holdings Corp. will post -0.59 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in shares of DLH during the 4th quarter worth about $58,000. Bank of America Corp DE boosted its holdings in DLH by 31.9% in 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 purchasing an additional 1,855 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in DLH in the second quarter valued at approximately $73,000. Strs Ohio purchased a new position in DLH in the first quarter valued at approximately $185,000. Finally, Sandia Investment Management LP acquired a new stake in DLH during the fourth quarter worth approximately $197,000. Hedge funds and other institutional investors own 67.25% of the company's stock.
Wall Street Analyst Weigh In
DLHC has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of DLH in a research 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 given a Sell rating to the stock. According to MarketBeat.com, DLH presently has a consensus rating of "Reduce".
Get Our Latest Report 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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