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

DLH Holdings Corp. (NASDAQ:DLHC) was the recipient of a large growth in short interest during 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. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 13,756 shares, the short-interest ratio is presently 4.9 days. Based on an average daily trading volume, of 13,756 shares, the short-interest ratio is presently 4.9 days. Currently, 0.5% of the company’s shares are sold short.

DLH Trading Down 2.0%

NASDAQ DLHC traded down $0.12 during trading on Wednesday, reaching $5.79. 673 shares of the stock traded hands, compared to its average volume of 10,875. DLH has a fifty-two week low of $2.72 and a fifty-two week high of $8.10. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.03. The firm has a market cap of $83.90 million, a price-to-earnings ratio of -82.70 and a beta of 1.59. The stock’s 50-day moving average price is $5.74 and its 200 day moving average price is $5.75.

DLH (NASDAQ:DLHC) last announced its quarterly earnings results on Monday, February 9th. The business services provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $68.89 million for the quarter, compared to the consensus estimate of $70.15 million. Analysts predict that DLH will post -0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at DLH

In other news, major shareholder Mink Brook Asset Management Ll purchased 8,048 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were acquired at an average price of $5.50 per share, with a total value of $44,264.00. Following the completion of the purchase, the insider directly owned 1,983,195 shares of the company’s stock, valued at $10,907,572.50. The trade was a 0.41% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired a total of 96,880 shares of company stock worth $532,840 in the last ninety days. Insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On DLH

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its position in shares of 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 purchasing an additional 1,855 shares during the period. Jane Street Group LLC bought a new position in DLH in the fourth quarter valued at approximately $58,000. Qube Research & Technologies Ltd bought a new position in DLH in the second quarter valued at approximately $73,000. Quadrature Capital Ltd acquired a new position in shares of DLH in the second quarter valued at approximately $89,000. Finally, Sandia Investment Management LP bought a new stake in shares of DLH during the fourth quarter worth $197,000. Institutional investors and hedge funds 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.