Key Points
- Mink Brook Asset Management, DLH’s major shareholder, bought 4,407 more shares at $5.09 each, bringing its direct stake to 2,158,480 shares. The purchase was disclosed in an SEC filing and adds to several recent insider buys by the same firm.
- DLH stock rose 0.6% and opened at $5.25, near its 52-week low of $5.03. The company has a market cap of about $76 million and has been trading below both its 50-day and 200-day moving averages.
- Fundamentals and sentiment remain weak: DLH reported a quarterly loss of $0.17 per share, slightly worse than estimates, and analysts currently rate the stock an average of “Reduce.”
DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll purchased 4,407 shares of the business's stock in a transaction on Monday, July 13th. The shares were bought at an average cost of $5.09 per share, with a total value of $22,431.63. Following the acquisition, the insider directly owned 2,158,480 shares of the company's stock, valued at $10,986,663.20. This trade represents a 0.20% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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, July 9th, Mink Brook Asset Management Ll acquired 5,000 shares of DLH stock. The stock was bought at an average cost of $5.13 per share, for a total transaction of $25,650.00.
- On Wednesday, July 8th, Mink Brook Asset Management Ll acquired 2,275 shares of DLH stock. The shares were bought at an average cost of $5.14 per share, for a total transaction of $11,693.50.
- On Tuesday, July 7th, Mink Brook Asset Management Ll acquired 5,000 shares of DLH stock. The shares were bought at an average price of $5.17 per share, with a total value of $25,850.00.
- On Monday, July 6th, Mink Brook Asset Management Ll bought 9,422 shares of DLH stock. The stock was purchased at an average cost of $5.19 per share, with a total value of $48,900.18.
- On Thursday, July 2nd, Mink Brook Asset Management Ll bought 5,640 shares of DLH stock. The shares were purchased at an average price of $5.25 per share, for a total transaction of $29,610.00.
- On Tuesday, June 30th, Mink Brook Asset Management Ll purchased 4,543 shares of DLH stock. The shares were purchased at an average cost of $5.25 per share, for a total transaction of $23,850.75.
- On Monday, June 29th, Mink Brook Asset Management Ll purchased 640 shares of DLH stock. The stock was purchased at an average price 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 acquired 9,343 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, with a total value of $51,386.50.
- On Wednesday, June 24th, Mink Brook Asset Management Ll acquired 3,739 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, for a total transaction of $20,564.50.
DLH Stock Up 0.6%
DLHC opened at $5.25 on Wednesday. The stock has a market cap of $76.07 million, a price-to-earnings ratio of -17.50 and a beta of 1.45. 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 firm's fifty day moving average is $5.46 and its 200 day moving average is $5.69. DLH Holdings Corp. has a fifty-two week low of $5.03 and a fifty-two week high of $8.10.
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 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 business had revenue of $59.27 million during the quarter, compared to analysts' expectations of $58.00 million. On average, sell-side analysts forecast that DLH Holdings Corp. will post -0.59 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts recently issued reports on DLHC shares. Weiss Ratings reissued a "sell (d)" rating on shares of DLH in a research note on Monday, April 20th. Zacks Research raised shares of 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 stock. Based on data from MarketBeat, DLH presently has an average rating of "Reduce".
Get Our Latest Stock Report on DLHC
Institutional Investors Weigh In On DLH
Several large investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of 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 worth $62,000 after buying an additional 1,855 shares in the last quarter. Jane Street Group LLC purchased a new position in DLH during the 4th quarter valued at approximately $58,000. Qube Research & Technologies Ltd purchased a new position in DLH during the 2nd quarter valued at approximately $73,000. Sandia Investment Management LP bought a new stake in DLH in the 4th quarter worth approximately $197,000. Finally, Strs Ohio bought a new stake in DLH in the 1st quarter worth approximately $185,000. 67.25% of the stock is owned by institutional investors.
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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