Mink Brook Asset Management LLC purchased a new position in shares of DLH Holdings Corp. (NASDAQ:DLHC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,368,788 shares of the business services provider's stock, valued at approximately $10,991,000. DLH accounts for 10.5% of Mink Brook Asset Management LLC's investment portfolio, making the stock its 3rd biggest position. Mink Brook Asset Management LLC owned approximately 9.51% of DLH as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Bank of America Corp DE boosted its position in shares of 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 valued at $62,000 after purchasing an additional 1,855 shares during the period. Barclays PLC boosted its position in shares of DLH by 299.3% in the 3rd quarter. Barclays PLC now owns 11,716 shares of the business services provider's stock valued at $109,000 after purchasing an additional 8,782 shares during the period. JPMorgan Chase & Co. boosted its position in shares of 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 period. Bank of New York Mellon Corp boosted its position in shares of 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 period. Finally, Millennium Management LLC raised its stake in DLH by 313.4% during the 4th quarter. Millennium Management LLC now owns 69,733 shares of the business services provider's stock valued at $560,000 after acquiring an additional 52,864 shares during the last quarter. 67.25% of the stock is owned by institutional investors and hedge funds.
DLH Price Performance
Shares of NASDAQ:DLHC opened at $4.60 on Tuesday. The business's fifty day moving average price is $3.99 and its two-hundred day moving average price is $6.29. The stock has a market cap of $66.18 million, a PE ratio of 10.45 and a beta of 1.33. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.04 and a current ratio of 1.04. DLH Holdings Corp. has a one year low of $2.72 and a one year high of $12.23.
DLH (NASDAQ:DLHC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). DLH had a return on equity of 5.82% and a net margin of 1.64%. The business had revenue of $89.21 million for the quarter, compared to analyst estimates of $90.00 million. On average, analysts forecast that DLH Holdings Corp. will post -0.13 EPS for the current fiscal year.
Insider Transactions at DLH
In other news, major shareholder Mink Brook Asset Management Ll bought 12,054 shares of the business's stock in a transaction that occurred on Monday, April 28th. The shares were acquired at an average cost of $3.55 per share, with a total value of $42,791.70. Following the transaction, the insider now owns 1,325,389 shares of the company's stock, valued at $4,705,130.95. This represents a 0.92% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have acquired 45,694 shares of company stock worth $175,065 over the last quarter. 15.30% of the stock is currently owned by insiders.
Analyst Ratings Changes
Separately, StockNews.com raised DLH from a "hold" rating to a "buy" rating in a research note on Friday.
View Our Latest Analysis on DLH
DLH Profile
(
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).
Featured Stories
Want to see what other hedge funds are holding DLHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DLH Holdings Corp. (NASDAQ:DLHC - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider DLH, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DLH wasn't on the list.
While DLH currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
