DLH Holdings Corp. (NASDAQ:DLHC – Get Free Report) major shareholder Mink Brook Asset Management Ll bought 7,689 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $42,289.50. Following the completion of the transaction, the insider now owns 1,619,363 shares in the company, valued at $8,906,496.50. This trade represents a 0.48% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 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 Tuesday, June 24th, Mink Brook Asset Management Ll purchased 900 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $4,950.00.
- On Monday, June 23rd, Mink Brook Asset Management Ll purchased 2,659 shares of DLH stock. The stock was acquired at an average cost of $5.47 per share, for a total transaction of $14,544.73.
- On Friday, June 20th, Mink Brook Asset Management Ll bought 5,776 shares of DLH stock. The shares were purchased at an average cost of $5.47 per share, for a total transaction of $31,594.72.
- On Wednesday, June 18th, Mink Brook Asset Management Ll bought 18,535 shares of DLH stock. The shares were purchased at an average cost of $5.45 per share, for a total transaction of $101,015.75.
- On Tuesday, June 17th, Mink Brook Asset Management Ll bought 13,180 shares of DLH stock. The shares were purchased at an average cost of $5.46 per share, for a total transaction of $71,962.80.
- On Monday, June 16th, Mink Brook Asset Management Ll bought 2,775 shares of DLH stock. The shares were purchased at an average cost of $5.39 per share, for a total transaction of $14,957.25.
- On Friday, June 13th, Mink Brook Asset Management Ll bought 22,982 shares of DLH stock. The shares were purchased at an average cost of $5.43 per share, for a total transaction of $124,792.26.
- On Thursday, June 12th, Mink Brook Asset Management Ll purchased 19,561 shares of DLH stock. The shares were bought at an average price of $5.44 per share, with a total value of $106,411.84.
- On Wednesday, June 11th, Mink Brook Asset Management Ll purchased 21,210 shares of DLH stock. The shares were bought at an average price of $5.50 per share, with a total value of $116,655.00.
- On Tuesday, June 10th, Mink Brook Asset Management Ll purchased 4,408 shares of DLH stock. The shares were bought at an average price of $5.49 per share, with a total value of $24,199.92.
DLH Stock Down 1.8%
DLHC opened at $5.47 on Thursday. DLH Holdings Corp. has a twelve month low of $2.72 and a twelve month high of $11.99. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.15. The company has a 50-day moving average price of $4.74 and a 200 day moving average price of $5.60. The company has a market cap of $78.71 million, a PE ratio of 14.40 and a beta of 1.33.
Institutional Investors Weigh In On DLH
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strs Ohio purchased a new position in shares of DLH during the 1st quarter worth $185,000. Mink Brook Asset Management LLC boosted its stake in DLH by 5.1% during the first quarter. Mink Brook Asset Management LLC now owns 1,438,507 shares of the business services provider’s stock worth $5,826,000 after buying an additional 69,719 shares during the period. Wealthedge Investment Advisors LLC increased its position in shares of DLH by 236.4% during the first quarter. Wealthedge Investment Advisors LLC now owns 47,838 shares of the business services provider’s stock valued at $194,000 after acquiring an additional 33,619 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of DLH by 19.5% in the 1st quarter. Russell Investments Group Ltd. now owns 60,329 shares of the business services provider’s stock valued at $244,000 after acquiring an additional 9,828 shares during the period. Finally, Nuveen LLC purchased a new position in shares of DLH during the 1st quarter worth approximately $44,000. Hedge funds and other institutional investors own 67.25% of the company’s stock.
Analysts Set New Price Targets
Separately, Wall Street Zen downgraded shares of DLH from a “buy” rating to a “hold” rating in a research report on Saturday, May 17th.
Get Our Latest Stock Analysis on DLHC
About DLH
DLH Holdings Corp. provides technology-enabled business process outsourcing, program management solutions, and public health research and analytics services in the United States. It offers digital transformation and cyber security solutions, including artificial intelligence and machine learning, cloud enablement, cybersecurity ecosystem, big data analytics, and modeling and simulation to the National Institutes of Health (NIH), the Defense Health Agency, Tele-medicine and Advanced Technology Research Center, and US Navy Naval Information Warfare Center (NIWC).
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