DLH Holdings Corp. (NASDAQ:DLHC – Get Free Report) major shareholder Mink Brook Asset Management Ll purchased 5,304 shares of DLH stock in a transaction dated Monday, May 18th. The shares were purchased at an average price of $5.50 per share, with a total value of $29,172.00. Following the completion of the transaction, the insider directly owned 2,057,754 shares in the company, valued at approximately $11,317,647. This represents a 0.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 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 Thursday, May 21st, Mink Brook Asset Management Ll acquired 1,584 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $8,712.00.
- On Wednesday, May 20th, Mink Brook Asset Management Ll acquired 120 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $660.00.
- On Tuesday, May 19th, Mink Brook Asset Management Ll acquired 2,397 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $13,183.50.
- On Thursday, May 14th, Mink Brook Asset Management Ll acquired 512 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $2,816.00.
- On Wednesday, May 13th, Mink Brook Asset Management Ll acquired 68,547 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $377,008.50.
- On Tuesday, April 7th, Mink Brook Asset Management Ll acquired 196 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $1,078.00.
- On Thursday, February 19th, Mink Brook Asset Management Ll acquired 8,048 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $44,264.00.
- On Wednesday, February 18th, Mink Brook Asset Management Ll acquired 22,057 shares of DLH stock. The shares were bought at an average cost of $5.50 per share, with a total value of $121,313.50.
DLH Stock Performance
NASDAQ DLHC opened at $5.55 on Friday. DLH Holdings Corp. has a 52-week low of $4.95 and a 52-week high of $8.10. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $80.42 million, a P/E ratio of -18.50 and a beta of 1.47. The company has a fifty day moving average of $5.81 and a 200-day moving average of $5.83.
Analyst Ratings Changes
A number of analysts have recently issued reports on DLHC shares. Zacks Research raised shares of DLH from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a research note on Monday, April 20th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce”.
Read Our Latest Stock Analysis on DLH
Institutional Trading of DLH
Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake 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 worth $62,000 after purchasing an additional 1,855 shares during the last quarter. Vanguard Group Inc. lifted its stake in DLH by 1.2% in the third quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock worth $2,795,000 after purchasing an additional 5,735 shares during the last quarter. Minerva Advisors LLC lifted its stake in DLH by 0.5% in the third quarter. Minerva Advisors LLC now owns 1,116,802 shares of the business services provider’s stock worth $6,310,000 after purchasing an additional 6,059 shares during the last quarter. Jane Street Group LLC bought a new stake in DLH in the fourth quarter worth $58,000. Finally, Qube Research & Technologies Ltd bought a new stake in DLH in the second quarter worth $73,000. 67.25% of the stock is owned by institutional investors.
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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