Key Points
- Mink Brook Asset Management bought 4,000 DLH shares at an average price of $4.87, investing $19,480 and increasing its stake to 2,171,165 shares, worth approximately $10.57 million.
- The major shareholder has made several additional DLH purchases since early July, totaling more than 31,000 shares across the disclosed transactions.
- DLH recently reported a significant quarterly loss of $1.16 per share, far below the expected $0.17 loss, while revenue also missed estimates. Analyst sentiment remains mixed, with the stock carrying an overall “Hold” rating.
DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll acquired 4,000 shares of DLH stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average cost of $4.87 per share, for a total transaction of $19,480.00. Following the completion of the purchase, the insider owned 2,171,165 shares in the company, valued at approximately $10,573,573.55. The trade was a 0.18% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more 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 Wednesday, August 5th, Mink Brook Asset Management Ll acquired 1,049 shares of DLH stock. The stock was acquired at an average cost of $4.84 per share, with a total value of $5,077.16.
- On Friday, July 31st, Mink Brook Asset Management Ll bought 441 shares of DLH stock. The shares were acquired at an average cost of $4.86 per share, with a total value of $2,143.26.
- On Thursday, July 30th, Mink Brook Asset Management Ll purchased 7,944 shares of DLH stock. The stock was acquired at an average cost of $4.96 per share, for a total transaction of $39,402.24.
- On Monday, July 27th, Mink Brook Asset Management Ll acquired 10 shares of DLH stock. The shares were bought at an average cost of $5.09 per share, with a total value of $50.90.
- On Friday, July 24th, Mink Brook Asset Management Ll bought 391 shares of DLH stock. The shares were bought at an average cost of $5.10 per share, for a total transaction of $1,994.10.
- On Thursday, July 23rd, Mink Brook Asset Management Ll purchased 79 shares of DLH stock. The stock was bought at an average price of $5.10 per share, with a total value of $402.90.
- On Monday, July 13th, Mink Brook Asset Management Ll acquired 4,407 shares of DLH stock. The shares were bought at an average price of $5.09 per share, for a total transaction of $22,431.63.
- On Thursday, July 9th, Mink Brook Asset Management Ll bought 5,000 shares of DLH stock. The stock was purchased at an average price of $5.13 per share, with a total value of $25,650.00.
- On Wednesday, July 8th, Mink Brook Asset Management Ll purchased 2,275 shares of DLH stock. The shares were purchased 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 stock was purchased at an average cost of $5.17 per share, with a total value of $25,850.00.
DLH Price Performance
Shares of NASDAQ:DLHC opened at $4.84 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.13. The stock's 50 day moving average is $5.34 and its 200-day moving average is $5.63. DLH Holdings Corp. has a twelve month low of $4.71 and a twelve month high of $8.10. The firm has a market capitalization of $70.15 million, a price-to-earnings ratio of -3.27 and a beta of 1.47.
DLH (NASDAQ:DLHC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The business services provider reported ($1.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.99). The business had revenue of $44.23 million for the quarter, compared to analyst estimates of $50.00 million. DLH had a negative net margin of 8.51% and a negative return on equity of 10.42%.
Analyst Ratings Changes
Several research firms recently weighed in on DLHC. Weiss Ratings restated a "sell (d)" rating on shares of DLH in a research report on Friday, July 17th. Noble Financial reaffirmed an "outperform" rating on shares of DLH in a report on Friday, July 31st. Finally, Zacks Research upgraded shares of DLH from a "strong sell" rating to a "hold" rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold".
Get Our Latest Analysis on DLH
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in shares of DLH by 31.9% during 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 buying an additional 1,855 shares during the period. Jane Street Group LLC purchased a new position in DLH during the fourth quarter valued at approximately $58,000. Qube Research & Technologies Ltd bought a new stake in DLH during the 2nd quarter worth approximately $73,000. Sandia Investment Management LP bought a new position in DLH in the 4th quarter valued at $197,000. Finally, Strs Ohio purchased a new position in shares of DLH during the 1st quarter valued at $185,000. Hedge funds and other institutional investors own 67.25% of the company's stock.
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.
Featured Stories
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].
