Let $q = p^e$, where $p$ is a prime and $e$ is a positive integer. The family of graphs $D(k, q)$, defined for any positive integer $k$ and prime power $q$, were introduced by Lazebnik and Ustimenko in 1995. To this day, the connected components of the graphs $D(k, q)$, provide the best known general lower bound for the size of a graph of given order and given girth. Furthermore, Ustimenko conjectured that the second largest eigenvalue of $D(k, q)$ is always less than or equal to $2\sqrt{q}$. If true, this would imply that for a fixed $q$ and $k$ growing, $D(k, q)$ would define a family of expanders that are nearly Ramanujan. In this paper we prove the smallest open case of the conjecture, showing that for all odd prime powers $q$, the second largest eigenvalue of $D(5, q)$ is less than or equal to $2\sqrt{q}$.