Mink Brook Asset Management Ll Purchases 3,223 Shares of DLH (NASDAQ:DLHC) Stock

DLH Holdings Corp. (NASDAQ:DLHCGet Free Report) major shareholder Mink Brook Asset Management Ll acquired 3,223 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were purchased at an average price of $5.50 per share, with a total value of $17,726.50. Following the transaction, the insider owned 2,065,078 shares in the company, valued at $11,357,929. The trade was a 0.16% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Thursday, May 21st, Mink Brook Asset Management Ll acquired 1,584 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $8,712.00.
  • On Wednesday, May 20th, Mink Brook Asset Management Ll acquired 120 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $660.00.
  • On Tuesday, May 19th, Mink Brook Asset Management Ll acquired 2,397 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $13,183.50.
  • On Monday, May 18th, Mink Brook Asset Management Ll acquired 5,304 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $29,172.00.
  • On Thursday, May 14th, Mink Brook Asset Management Ll purchased 512 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $2,816.00.
  • On Wednesday, May 13th, Mink Brook Asset Management Ll purchased 68,547 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $377,008.50.
  • On Tuesday, April 7th, Mink Brook Asset Management Ll purchased 196 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $1,078.00.

DLH Stock Performance

Shares of DLHC remained flat at $5.60 during trading hours on Thursday. 2,300 shares of the stock were exchanged, compared to its average volume of 10,513. The firm has a 50-day moving average of $5.79 and a 200 day moving average of $5.81. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $81.14 million, a P/E ratio of -18.67 and a beta of 1.47. DLH Holdings Corp. has a 1-year low of $4.95 and a 1-year high of $8.10.

DLH (NASDAQ:DLHCGet Free Report) last announced 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). The company had revenue of $59.27 million during the quarter, compared to analysts’ expectations of $58.00 million. DLH had a negative net margin of 1.53% and a negative return on equity of 4.00%. Sell-side analysts forecast that DLH Holdings Corp. will post -0.59 earnings per share for the current year.

Hedge Funds Weigh In On DLH

Hedge funds have recently added to or reduced their stakes in the business. Mink Brook Asset Management LLC increased its holdings in DLH by 8.4% during the 3rd quarter. Mink Brook Asset Management LLC now owns 2,566,349 shares of the business services provider’s stock valued at $14,500,000 after acquiring an additional 199,584 shares in the last quarter. Minerva Advisors LLC increased its holdings in DLH by 0.5% during the 3rd quarter. Minerva Advisors LLC now owns 1,116,802 shares of the business services provider’s stock valued at $6,310,000 after acquiring an additional 6,059 shares in the last quarter. Sandia Investment Management LP purchased a new position in DLH during the 4th quarter valued at about $197,000. Rothschild Wealth LLC purchased a new position in DLH during the 4th quarter valued at about $928,000. Finally, State Street Corp increased its holdings in DLH by 28.7% during the 4th quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock valued at $337,000 after acquiring an additional 13,300 shares in the last quarter. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DLHC has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a 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 analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Check Out Our Latest Stock Analysis on DLH

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.

Further Reading

Insider Buying and Selling by Quarter for DLH (NASDAQ:DLHC)

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