DLH Holdings Corp. (NASDAQ:DLHC – Get Free Report) major shareholder Mink Brook Asset Management Ll purchased 3,739 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were bought at an average price of $5.50 per share, with a total value of $20,564.50. Following the completion of the acquisition, the insider owned 2,091,930 shares of the company’s stock, valued at $11,505,615. This trade represents 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 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 stock was bought at an average price of $5.50 per share, for a total transaction of $3,432.00.
- On Thursday, June 18th, Mink Brook Asset Management Ll bought 6,460 shares of DLH stock. The shares were bought 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 purchased 2,733 shares of DLH stock. The stock was bought at an average cost of $5.50 per share, for a total transaction of $15,031.50.
- On Tuesday, June 16th, Mink Brook Asset Management Ll acquired 3,859 shares of DLH stock. The shares were purchased at an average price of $5.50 per share, with a total value of $21,224.50.
- On Tuesday, June 9th, Mink Brook Asset Management Ll acquired 71 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $390.50.
- On Monday, June 8th, Mink Brook Asset Management Ll bought 49 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $269.50.
- On Tuesday, June 2nd, Mink Brook Asset Management Ll bought 7,494 shares of DLH stock. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $41,217.00.
- On Wednesday, May 27th, Mink Brook Asset Management Ll purchased 3,223 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, with a total value of $17,726.50.
- On Thursday, May 21st, Mink Brook Asset Management Ll purchased 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.
DLH Stock Down 0.4%
Shares of NASDAQ DLHC traded down $0.02 during trading hours on Wednesday, hitting $5.50. The stock had a trading volume of 10,431 shares, compared to its average volume of 10,180. The firm’s 50-day moving average price is $5.69 and its two-hundred day moving average price is $5.74. DLH Holdings Corp. has a 52 week low of $5.41 and a 52 week high of $8.10. The company has a market capitalization of $79.69 million, a P/E ratio of -18.33 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.
Analyst Ratings Changes
DLHC has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. Zacks Research upgraded 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 company. According to MarketBeat, DLH has an average rating of “Reduce”.
Check Out Our Latest Analysis on DLHC
Institutional Trading of DLH
Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in DLH by 31.9% in the 4th 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 during the period. Strs Ohio bought a new stake in shares of DLH in the first quarter valued at approximately $185,000. Qube Research & Technologies Ltd acquired a new stake in shares of DLH in the second quarter worth $73,000. Jane Street Group LLC bought a new position in DLH during the second quarter worth $65,000. Finally, Vanguard Group Inc. increased its position in DLH by 1.2% during the third quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock worth $2,795,000 after acquiring an additional 5,735 shares during the period. Institutional investors own 67.25% of the company’s stock.
DLH Company Profile
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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