DLH Holdings Corp. (NASDAQ:DLHC) Sees Large Growth in Short Interest

DLH Holdings Corp. (NASDAQ:DLHC) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 67,720 shares, a growth of 22.8% from the January 29th total of 55,130 shares. Based on an average trading volume of 13,756 shares, the days-to-cover ratio is currently 4.9 days. Currently, 0.5% of the company’s shares are sold short. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 13,756 shares, the days-to-cover ratio is currently 4.9 days.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. 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 reissued a “sell (d)” rating on shares of DLH in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

DLH Price Performance

Shares of NASDAQ DLHC opened at $5.87 on Thursday. The company has a 50 day simple moving average of $5.75 and a two-hundred day simple moving average of $5.75. DLH has a fifty-two week low of $2.72 and a fifty-two week high of $8.10. The company has a market capitalization of $85.06 million, a price-to-earnings ratio of -83.85 and a beta of 1.59. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.97 and a current ratio of 0.97.

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

Insider Buying and Selling

In related news, major shareholder Mink Brook Asset Management Ll acquired 8,048 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $44,264.00. Following the acquisition, the insider owned 1,983,195 shares of the company’s stock, valued at $10,907,572.50. This trade represents a 0.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders acquired a total of 96,880 shares of company stock valued at $532,840 over the last ninety days. Company insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sandia Investment Management LP purchased a new stake in shares of DLH during the fourth quarter valued at approximately $197,000. Rothschild Wealth LLC bought a new position in DLH in the 4th quarter valued at approximately $928,000. Mink Brook Asset Management LLC boosted its stake in DLH by 2.3% during the 4th quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock valued at $14,836,000 after purchasing an additional 59,498 shares during the last quarter. State Street Corp increased its holdings in shares of DLH by 28.7% in the 4th quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock worth $337,000 after purchasing an additional 13,300 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of DLH in the 4th quarter worth $58,000. Institutional investors own 67.25% of the company’s stock.

About DLH

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.