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

DLH Holdings Corp. (NASDAQ:DLHC) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 67,846 shares, a decline of 21.3% from the December 31st total of 86,161 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average trading volume of 11,498 shares, the short-interest ratio is presently 5.9 days. Based on an average trading volume of 11,498 shares, the short-interest ratio is presently 5.9 days. Currently, 0.6% of the company’s shares are short sold.

Insider Buying and Selling

In other news, major shareholder Mink Brook Asset Management Ll purchased 44,208 shares of the stock in a transaction dated Wednesday, December 17th. The stock was acquired at an average cost of $5.50 per share, for a total transaction of $243,144.00. Following the completion of the transaction, the insider directly owned 1,931,447 shares in the company, valued at approximately $10,622,958.50. This represents a 2.34% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders purchased 50,237 shares of company stock valued at $276,304 in the last 90 days. Corporate insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On DLH

A number of institutional investors and hedge funds have recently bought and sold shares of DLHC. Bank of America Corp DE lifted its position in DLH by 31.9% in the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 1,855 shares in the last quarter. Strs Ohio bought a new stake in shares of DLH in the first quarter valued at about $185,000. Y Intercept Hong Kong Ltd acquired a new position in shares of DLH during the second quarter worth about $239,000. Quadrature Capital Ltd bought a new position in shares of DLH during the second quarter worth about $89,000. Finally, Minerva Advisors LLC raised its position in DLH by 9.1% in the 2nd quarter. Minerva Advisors LLC now owns 1,110,743 shares of the business services provider’s stock valued at $6,442,000 after buying an additional 92,346 shares during the last quarter. Institutional investors and hedge funds own 67.25% of the company’s stock.

DLH Price Performance

Shares of DLH stock traded down $0.05 during trading on Monday, hitting $5.66. The stock had a trading volume of 3,569 shares, compared to its average volume of 8,956. DLH has a fifty-two week low of $2.72 and a fifty-two week high of $8.10. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $82.01 million, a P/E ratio of 56.61 and a beta of 1.60. The business has a fifty day moving average of $5.83 and a two-hundred day moving average of $5.74.

DLH (NASDAQ:DLHC) last released its earnings results on Wednesday, December 10th. The business services provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.08). DLH had a net margin of 0.40% and a return on equity of 1.21%. The business had revenue of $81.16 million for the quarter, compared to analysts’ expectations of $83.50 million. During the same period last year, the firm earned $0.16 EPS. On average, sell-side analysts expect that DLH will post -0.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DLHC shares. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a report on Wednesday, January 21st. Zacks Research lowered shares of DLH from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 17th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, DLH presently has a consensus 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.