DLH Holdings Corp. (NASDAQ:DLHC – Get Free Report) major shareholder Mink Brook Asset Management Ll bought 2,397 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $13,183.50. Following the purchase, the insider directly owned 2,060,151 shares in the company, valued at $11,330,830.50. This represents a 0.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Major 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, May 18th, Mink Brook Asset Management Ll bought 5,304 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $29,172.00.
- On Thursday, May 14th, Mink Brook Asset Management Ll bought 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 bought 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 bought 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.
- On Thursday, February 19th, Mink Brook Asset Management Ll bought 8,048 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $44,264.00.
- On Wednesday, February 18th, Mink Brook Asset Management Ll bought 22,057 shares of DLH stock. The shares were purchased at an average cost of $5.50 per share, for a total transaction of $121,313.50.
DLH Price Performance
NASDAQ:DLHC traded up $0.02 during midday trading on Tuesday, hitting $5.52. 7,154 shares of the stock were exchanged, compared to its average volume of 10,467. DLH Holdings Corp. has a one year low of $4.91 and a one year high of $8.10. The company has a market capitalization of $79.98 million, a price-to-earnings ratio of -18.40 and a beta of 1.47. The business has a 50-day moving average price of $5.83 and a two-hundred day moving average price of $5.83. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00.
Institutional Investors Weigh In On DLH
Several large investors have recently modified their holdings of the stock. North Star Investment Management Corp. bought a new stake in shares of DLH during the 1st quarter worth $786,000. Sandia Investment Management LP acquired a new stake in DLH during the 4th quarter worth about $197,000. Rothschild Wealth LLC acquired a new stake in DLH during the 4th quarter worth about $928,000. Mink Brook Asset Management LLC raised its holdings in DLH by 2.3% during the 4th quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock worth $14,836,000 after buying an additional 59,498 shares during the period. Finally, State Street Corp raised 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 worth $337,000 after buying an additional 13,300 shares during the period. 67.25% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several brokerages recently weighed in on DLHC. Zacks Research raised DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.
Read Our Latest Research Report on DLHC
About DLH
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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