DLH Holdings Corp. (NASDAQ:DLHC) Sees Significant Decline in Short Interest

DLH Holdings Corp. (NASDAQ:DLHC) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 55,130 shares, a decrease of 18.7% from the January 15th total of 67,846 shares. Based on an average daily volume of 6,733 shares, the short-interest ratio is presently 8.2 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 6,733 shares, the short-interest ratio is presently 8.2 days.

Insider Activity

In related news, major shareholder Mink Brook Asset Management Ll bought 44,208 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was acquired at an average price of $5.50 per share, for a total transaction of $243,144.00. Following the transaction, the insider directly owned 1,931,447 shares of the company’s stock, valued at $10,622,958.50. This represents a 2.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders purchased 64,133 shares of company stock valued at $352,732. Corporate insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On DLH

Several institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in DLH in the fourth quarter valued at approximately $58,000. Bank of America Corp DE boosted its position in DLH by 31.9% during 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 period. Qube Research & Technologies Ltd acquired a new position in shares of DLH in the second quarter valued at $73,000. Quadrature Capital Ltd bought a new position in shares of DLH in the second quarter valued at about $89,000. Finally, Strs Ohio acquired a new stake in shares of DLH during the 1st quarter worth about $185,000. 67.25% of the stock is currently owned by institutional investors and hedge funds.

DLH Trading Down 2.1%

Shares of NASDAQ:DLHC traded down $0.12 during midday trading on Tuesday, hitting $5.60. The company had a trading volume of 1,567 shares, compared to its average volume of 10,723. The firm has a fifty day simple moving average of $5.73 and a 200 day simple moving average of $5.74. The stock has a market cap of $81.14 million, a price-to-earnings ratio of -79.99 and a beta of 1.60. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.03. DLH has a 12 month low of $2.72 and a 12 month high of $8.10.

DLH (NASDAQ:DLHC) last posted its earnings results on Monday, February 9th. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). DLH had a negative return on equity of 0.95% and a negative net margin of 0.33%.The company had revenue of $68.89 million for the quarter, compared to analyst estimates of $70.15 million. On average, analysts predict that DLH will post -0.13 EPS for the current year.

Analyst Upgrades and Downgrades

DLHC has been the subject of a number of research analyst reports. Zacks Research downgraded shares of DLH from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

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.