DLH Holdings Corp. (NASDAQ:DLHC – Get Free Report) major shareholder Mink Brook Asset Management Ll purchased 7,494 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $41,217.00. Following the completion of the purchase, the insider directly owned 2,072,572 shares of the company’s stock, valued at approximately $11,399,146. This represents a 0.36% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Mink Brook Asset Management Ll also recently made the following trade(s):
- On Wednesday, May 27th, Mink Brook Asset Management Ll purchased 3,223 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $17,726.50.
- On Thursday, May 21st, Mink Brook Asset Management Ll purchased 1,584 shares of DLH stock. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $8,712.00.
- On Wednesday, May 20th, Mink Brook Asset Management Ll bought 120 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $660.00.
- On Tuesday, May 19th, Mink Brook Asset Management Ll bought 2,397 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $13,183.50.
- On Monday, May 18th, Mink Brook Asset Management Ll bought 5,304 shares of DLH stock. The stock was purchased at an average price 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 purchased at an average price of $5.50 per share, for a total transaction of $2,816.00.
- On Wednesday, May 13th, Mink Brook Asset Management Ll bought 68,547 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $377,008.50.
- On Tuesday, April 7th, Mink Brook Asset Management Ll bought 196 shares of DLH stock. The stock was purchased at an average price of $5.50 per share, for a total transaction of $1,078.00.
DLH Stock Down 1.1%
Shares of DLH stock opened at $5.58 on Friday. 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 $5.11 and a 52-week high of $8.10. The stock has a market capitalization of $80.85 million, a price-to-earnings ratio of -18.60 and a beta of 1.45. The company’s 50 day moving average price is $5.75 and its 200-day moving average price is $5.80.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on DLHC. Zacks Research upgraded shares of DLH from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a report on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.
Read Our Latest Analysis on DLH
Institutional Trading of DLH
Several large investors have recently added to or reduced their stakes in DLHC. Jane Street Group LLC bought a new stake in DLH in the fourth quarter valued at $58,000. Bank of America Corp DE boosted its holdings in DLH by 31.9% in the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 1,855 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in DLH in the second quarter valued at $73,000. Strs Ohio bought a new stake in DLH in the first quarter valued at $185,000. Finally, Sandia Investment Management LP bought a new stake in DLH in the fourth quarter valued at $197,000. Institutional investors own 67.25% of the company’s stock.
DLH Company Profile
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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