DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) major shareholder Mink Brook Asset Management Ll acquired 18,535 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The stock was acquired at an average price of $5.45 per share, with a total value of $101,015.75. Following the acquisition, the insider now directly owns 1,602,339 shares of the company's stock, valued at approximately $8,732,747.55. This represents a 1.17% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 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 Friday, June 20th, Mink Brook Asset Management Ll acquired 5,776 shares of DLH stock. The stock was acquired at an average price of $5.47 per share, with a total value of $31,594.72.
- On Tuesday, June 17th, Mink Brook Asset Management Ll purchased 13,180 shares of DLH stock. The shares were purchased at an average price of $5.46 per share, with a total value of $71,962.80.
- On Monday, June 16th, Mink Brook Asset Management Ll purchased 2,775 shares of DLH stock. The shares were purchased at an average price of $5.39 per share, with a total value of $14,957.25.
- On Friday, June 13th, Mink Brook Asset Management Ll purchased 22,982 shares of DLH stock. The shares were purchased at an average price of $5.43 per share, with a total value of $124,792.26.
- On Thursday, June 12th, Mink Brook Asset Management Ll purchased 19,561 shares of DLH stock. The shares were purchased 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 purchased 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 purchased at an average price of $5.49 per share, with a total value of $24,199.92.
- On Monday, June 9th, Mink Brook Asset Management Ll purchased 4,786 shares of DLH stock. The shares were purchased at an average price of $5.48 per share, with a total value of $26,227.28.
- On Friday, June 6th, Mink Brook Asset Management Ll purchased 17,160 shares of DLH stock. The shares were purchased at an average price of $5.47 per share, with a total value of $93,865.20.
- On Thursday, June 5th, Mink Brook Asset Management Ll acquired 357 shares of DLH stock. The shares were bought at an average price of $5.13 per share, with a total value of $1,831.41.
DLH Stock Down 0.4%
Shares of NASDAQ:DLHC traded down $0.02 during trading on Friday, hitting $5.45. 57,368 shares of the company were exchanged, compared to its average volume of 54,927. The stock has a market capitalization of $78.43 million, a P/E ratio of 14.34 and a beta of 1.33. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.10 and a quick ratio of 1.10. DLH Holdings Corp. has a 12-month low of $2.72 and a 12-month high of $11.99. The firm's 50 day moving average price is $4.59 and its 200-day moving average price is $5.65.
DLH (NASDAQ:DLHC - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). DLH had a net margin of 1.44% and a return on equity of 4.90%. The business had revenue of $89.21 million during the quarter, compared to analysts' expectations of $90.00 million. On average, research analysts predict that DLH Holdings Corp. will post -0.13 earnings per share for the current fiscal year.
Institutional Trading of DLH
Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in DLH by 643.6% in the 4th quarter. JPMorgan Chase & Co. now owns 27,386 shares of the business services provider's stock valued at $220,000 after purchasing an additional 23,703 shares during the last quarter. Millennium Management LLC raised its position in DLH by 313.4% in the 4th quarter. Millennium Management LLC now owns 69,733 shares of the business services provider's stock valued at $560,000 after purchasing an additional 52,864 shares during the last quarter. Minerva Advisors LLC raised its position in DLH by 33.2% in the 4th quarter. Minerva Advisors LLC now owns 847,592 shares of the business services provider's stock valued at $6,806,000 after purchasing an additional 211,215 shares during the last quarter. Bank of New York Mellon Corp raised its position in DLH by 27.6% in the 4th quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider's stock valued at $315,000 after purchasing an additional 8,481 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in DLH by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 268,930 shares of the business services provider's stock valued at $2,159,000 after purchasing an additional 10,921 shares during the last quarter. 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.
Read Our Latest Stock Report on DLHC
About DLH
(
Get Free Report)
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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