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

DLH Holdings Corp. (NASDAQ:DLHC) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 55,130 shares, a decrease of 18.7% from the January 15th total of 67,846 shares. Based on an average trading volume of 6,733 shares, the days-to-cover ratio is currently 8.2 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 6,733 shares, the days-to-cover ratio is currently 8.2 days.

DLH Trading Down 1.1%

Shares of NASDAQ:DLHC opened at $5.50 on Wednesday. The firm has a market capitalization of $79.71 million, a P/E ratio of -78.56 and a beta of 1.60. The firm has a fifty day moving average of $5.72 and a two-hundred day moving average of $5.74. DLH has a 12-month low of $2.72 and a 12-month 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.

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 company had revenue of $68.89 million during the quarter, compared to analyst estimates of $70.15 million. On average, equities analysts expect that DLH will post -0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DLHC. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a research report on Wednesday, January 21st. Zacks Research downgraded DLH from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 17th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Insider Activity at DLH

In other news, major shareholder Mink Brook Asset Management Ll acquired 13,577 shares of DLH stock in a transaction that occurred on Thursday, February 12th. The shares were acquired at an average price of $5.50 per share, with a total value of $74,673.50. Following the completion of the purchase, the insider owned 1,950,129 shares of the company’s stock, valued at approximately $10,725,709.50. This represents a 0.70% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired a total of 64,133 shares of company stock worth $352,732 over the last quarter. 12.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DLHC. Jane Street Group LLC bought a new stake in DLH in the fourth quarter valued at about $58,000. Bank of America Corp DE boosted its position in DLH by 31.9% during the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock worth $62,000 after acquiring an additional 1,855 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in DLH in the second quarter valued at $73,000. Quadrature Capital Ltd bought a new position in shares of DLH in the 2nd quarter valued at about $89,000. Finally, Strs Ohio acquired a new position in shares of DLH during the 1st quarter worth approximately $185,000. 67.25% of the stock is currently owned by institutional investors.

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.