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

DLH Holdings Corp. (NASDAQ:DLHC) saw a significant growth in short interest in the month of 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. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 254,487 shares, the short-interest ratio is currently 0.3 days.

Insider Activity at DLH

In other news, major shareholder Mink Brook Asset Management Ll bought 68,547 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $377,008.50. Following the completion of the purchase, the insider owned 2,051,938 shares of the company’s stock, valued at $11,285,659. This trade represents a 3.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired 168,376 shares of company stock worth $910,954 over the last 90 days. Insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On DLH

Several institutional investors have recently made changes to their positions in DLHC. Mink Brook Asset Management LLC raised its position in shares of 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 worth $14,836,000 after purchasing an additional 59,498 shares during the period. 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 valued at $2,795,000 after buying an additional 5,735 shares during the last quarter. Rothschild Wealth LLC bought a new stake in DLH in the fourth quarter valued at $928,000. North Star Investment Management Corp. acquired a new position in shares of DLH during the first quarter valued at $786,000. Finally, State Street Corp grew its position 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 worth $337,000 after acquiring an additional 13,300 shares during the last quarter. 67.25% of the stock is owned by institutional investors.

DLH Trading Up 2.5%

DLHC opened at $5.38 on Thursday. DLH has a 12-month low of $5.03 and a 12-month high of $8.10. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $77.96 million, a PE ratio of -17.93 and a beta of 1.45. The firm’s fifty day moving average price is $5.46 and its 200 day moving average price is $5.68.

DLH (NASDAQ:DLHC) last released its 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). DLH had a negative return on equity of 4.00% and a negative net margin of 1.53%.The company had revenue of $59.27 million during the quarter, compared to the consensus estimate of $58.00 million. As a group, research analysts expect that DLH will post -0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DLHC has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of DLH in a report on Monday, April 20th. Zacks Research upgraded DLH from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, DLH has an average rating of “Reduce”.

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.