Insider Buying: DLH (NASDAQ:DLHC) Major Shareholder Purchases $80,678.40 in Stock

DLH Holdings Corp. (NASDAQ:DLHCGet Free Report) major shareholder Mink Brook Asset Management Ll acquired 15,280 shares of the stock in a transaction on Friday, June 26th. The shares were acquired at an average price of $5.28 per share, with a total value of $80,678.40. Following the transaction, the insider directly owned 2,116,553 shares of the company’s stock, valued at $11,175,399.84. The trade was a 0.73% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Thursday, June 25th, Mink Brook Asset Management Ll acquired 9,343 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $51,386.50.
  • On Wednesday, June 24th, Mink Brook Asset Management Ll bought 3,739 shares of DLH stock. The stock was acquired at an average price of $5.50 per share, for a total transaction of $20,564.50.
  • On Tuesday, June 23rd, Mink Brook Asset Management Ll bought 110 shares of DLH stock. The shares were acquired 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 purchased 624 shares of DLH stock. The stock was acquired at an average cost of $5.50 per share, with a total value of $3,432.00.
  • On Thursday, June 18th, Mink Brook Asset Management Ll purchased 6,460 shares of DLH stock. The stock was bought at an average price of $5.50 per share, with a total value of $35,530.00.
  • On Wednesday, June 17th, Mink Brook Asset Management Ll acquired 2,733 shares of DLH stock. The shares were 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 bought at an average price of $5.50 per share, for a total transaction of $21,224.50.
  • On Tuesday, June 9th, Mink Brook Asset Management Ll bought 71 shares of DLH stock. The stock was bought at an average price 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 bought at an average price of $5.50 per share, with a total value of $269.50.
  • On Tuesday, June 2nd, Mink Brook Asset Management Ll purchased 7,494 shares of DLH stock. The shares were bought at an average price of $5.50 per share, for a total transaction of $41,217.00.

DLH Trading Down 3.7%

NASDAQ DLHC traded down $0.21 on Friday, hitting $5.29. 207,858 shares of the stock were exchanged, compared to its average volume of 29,671. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.87 and a current ratio of 0.87. DLH Holdings Corp. has a 52-week low of $5.12 and a 52-week high of $8.10. The firm has a market capitalization of $76.73 million, a P/E ratio of -17.65 and a beta of 1.45. The stock has a fifty day moving average price of $5.66 and a two-hundred day moving average price of $5.73.

DLH (NASDAQ:DLHCGet Free Report) last announced its earnings results on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The firm 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%. Research analysts forecast that DLH Holdings Corp. will post -0.59 EPS for the current fiscal year.

Hedge Funds Weigh In On DLH

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in DLH in the fourth quarter worth about $58,000. Bank of America Corp DE increased its position in DLH by 31.9% during the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 1,855 shares during the period. Qube Research & Technologies Ltd purchased a new stake in shares of DLH in the 2nd quarter worth approximately $73,000. Strs Ohio purchased a new stake in shares of DLH in the 1st quarter worth approximately $185,000. Finally, Sandia Investment Management LP bought a new position in shares of DLH during the fourth quarter valued at approximately $197,000. Institutional investors own 67.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a research report on Monday, April 20th. Zacks Research raised shares of DLH from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

View Our Latest Stock Analysis on DLHC

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.

See Also

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

Receive News & Ratings for DLH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DLH and related companies with MarketBeat.com's FREE daily email newsletter.