Key Points
- Mink Brook Asset Management purchased 199,099 DLH shares at an average of $3.70 each, investing approximately $736,666 and increasing its ownership by 28.68% to 893,421 shares.
- DLH shares opened at $4.05, near the lower end of their 52-week range of $3.38 to $8.10, with a market capitalization of approximately $58.7 million.
- DLH reported a sharp quarterly loss of $1.16 per share versus the expected $0.17 loss and revenue below estimates; analysts’ consensus rating remains Hold.
DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll bought 199,099 shares of the firm's stock in a transaction on Thursday, October 1st. The stock was purchased at an average cost of $3.70 per share, for a total transaction of $736,666.30. Following the completion of the acquisition, the insider owned 893,421 shares in the company, valued at approximately $3,305,657.70. This trade represents a 28.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 Monday, September 28th, Mink Brook Asset Management Ll purchased 60 shares of DLH stock. The shares were purchased at an average cost of $3.47 per share, with a total value of $208.20.
- On Thursday, September 24th, Mink Brook Asset Management Ll purchased 58 shares of DLH stock. The shares were purchased at an average cost of $3.85 per share, with a total value of $223.30.
- On Wednesday, September 23rd, Mink Brook Asset Management Ll purchased 100 shares of DLH stock. The shares were purchased at an average price of $3.88 per share, for a total transaction of $388.00.
- On Tuesday, September 22nd, Mink Brook Asset Management Ll acquired 301 shares of DLH stock. The stock was purchased at an average cost of $4.00 per share, for a total transaction of $1,204.00.
- On Monday, September 21st, Mink Brook Asset Management Ll acquired 174 shares of DLH stock. The stock was purchased at an average cost of $4.00 per share, for a total transaction of $696.00.
- On Friday, September 18th, Mink Brook Asset Management Ll acquired 316 shares of DLH stock. The shares were purchased at an average price of $3.93 per share, with a total value of $1,241.88.
- On Thursday, September 17th, Mink Brook Asset Management Ll bought 204 shares of DLH stock. The shares were acquired at an average price of $3.96 per share, with a total value of $807.84.
- On Wednesday, September 16th, Mink Brook Asset Management Ll bought 1,000 shares of DLH stock. The stock was acquired at an average cost of $3.94 per share, for a total transaction of $3,940.00.
- On Tuesday, September 15th, Mink Brook Asset Management Ll bought 621 shares of DLH stock. The stock was acquired at an average cost of $3.68 per share, for a total transaction of $2,285.28.
- On Monday, September 14th, Mink Brook Asset Management Ll purchased 730 shares of DLH stock. The stock was acquired at an average price of $3.84 per share, for a total transaction of $2,803.20.
DLH Price Performance
DLH stock opened at $4.05 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.67 and a current ratio of 0.67. DLH Holdings Corp. has a 52 week low of $3.38 and a 52 week high of $8.10. The stock has a market capitalization of $58.70 million, a P/E ratio of -2.74 and a beta of 1.52. The stock has a fifty day moving average of $4.33 and a 200-day moving average of $5.16.
DLH (NASDAQ:DLHC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported ($1.16) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.99). The business had revenue of $44.23 million for the quarter, compared to the consensus estimate of $50.00 million. DLH had a negative return on equity of 10.42% and a negative net margin of 8.51%. On average, sell-side analysts expect that DLH Holdings Corp. will post -0.76 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. Noble Financial reissued an "outperform" rating on shares of DLH in a report on Friday, July 31st. Weiss Ratings reiterated a "sell (d)" rating on shares of DLH in a research report on Friday, July 17th. Finally, Zacks Research raised shares of DLH from a "strong sell" rating to a "hold" rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold".
View Our Latest Research Report on DLH
Hedge Funds Weigh In On DLH
A hedge fund recently bought a new stake in DLH stock. Bank of New York Mellon Corp bought a new stake in DLH Holdings Corp. (NASDAQ:DLHC - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,738 shares of the business services provider's stock, valued at approximately $62,000. Bank of New York Mellon Corp owned about 0.08% of DLH at the end of the most recent quarter. 67.25% of the stock is owned by institutional investors and hedge funds.
About DLH
(
Get Free Report)
DLH Holdings Corp. (NASDAQ: DLHC) provides technology-enabled healthcare, human services, logistics and technical solutions primarily to agencies of the U.S. federal government. Its work supports public health, medical research, clinical care, military and veteran services, and government program operations.
The company's offerings include healthcare delivery and administration, data analytics, information technology and digital transformation, scientific and technical support, medical logistics, and program management.
Further Reading
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