Short Interest in DLH Holdings Corp. (NASDAQ:DLHC) Expands By 97.4%

DLH Holdings Corp. (NASDAQ:DLHC) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 76,028 shares, a growth of 97.4% from the June 15th total of 38,519 shares. Based on an average daily volume of 254,487 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.6% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a research report on Monday, April 20th. Zacks Research raised shares of DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Insider Buying and Selling

In related news, major shareholder Mink Brook Asset Management Ll bought 68,547 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of $5.50 per share, with a total value of $377,008.50. Following the transaction, the insider owned 2,051,938 shares in the company, valued at approximately $11,285,659. This trade represents a 3.46% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have acquired 168,376 shares of company stock valued at $910,954. 12.80% of the stock is currently owned by corporate insiders.

Institutional Trading of DLH

A number of hedge funds and other institutional investors have recently modified their holdings of DLHC. North Star Investment Management Corp. bought a new stake in DLH during the first quarter worth about $786,000. Mink Brook Asset Management LLC grew its holdings in DLH by 2.3% in the fourth quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock worth $14,836,000 after purchasing an additional 59,498 shares during the period. Vanguard Group Inc. increased its stake in shares of DLH by 1.2% during the third quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock valued at $2,795,000 after purchasing an additional 5,735 shares in the last quarter. Rothschild Wealth LLC bought a new position in shares of DLH during the fourth quarter valued at approximately $928,000. Finally, State Street Corp lifted its holdings in shares of DLH by 28.7% during the fourth quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock valued at $337,000 after purchasing an additional 13,300 shares during the last quarter. 67.25% of the stock is owned by hedge funds and other institutional investors.

DLH Stock Down 1.8%

Shares of NASDAQ DLHC traded down $0.10 during mid-day trading on Friday, hitting $5.47. 728 shares of the stock traded hands, compared to its average volume of 29,984. 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 has a 52 week low of $5.03 and a 52 week high of $8.10. The company has a market cap of $79.26 million, a price-to-earnings ratio of -18.23 and a beta of 1.45. The stock has a fifty day moving average price of $5.45 and a 200-day moving average price of $5.68.

DLH (NASDAQ:DLHC) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). The firm had revenue of $59.27 million during the quarter, compared to analysts’ expectations of $58.00 million. DLH had a negative return on equity of 4.00% and a negative net margin of 1.53%. Research analysts anticipate that DLH will post -0.59 EPS for the current year.

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.