DLH Holdings Corp. (NASDAQ:DLHC) Short Interest Down 20.7% in December

DLH Holdings Corp. (NASDAQ:DLHC) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 101,638 shares, a drop of 20.7% from the November 30th total of 128,236 shares. Based on an average trading volume of 24,224 shares, the days-to-cover ratio is presently 4.2 days. Currently, 0.8% of the shares of the stock are sold short. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 24,224 shares, the days-to-cover ratio is presently 4.2 days.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a research report on Wednesday, October 8th. Zacks Research cut DLH from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 17th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

DLH Stock Performance

NASDAQ:DLHC traded up $0.13 during mid-day trading on Thursday, hitting $5.65. 34,683 shares of the stock were exchanged, compared to its average volume of 24,014. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.00 and a current ratio of 1.00. The firm’s 50-day simple moving average is $5.90 and its 200 day simple moving average is $5.72. DLH has a fifty-two week low of $2.72 and a fifty-two week high of $8.45. The stock has a market capitalization of $81.87 million, a price-to-earnings ratio of 56.51 and a beta of 1.56.

DLH (NASDAQ:DLHC) last announced its earnings results on Wednesday, December 10th. The business services provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). The business had revenue of $81.16 million for the quarter, compared to analyst estimates of $83.50 million. DLH had a return on equity of 1.21% and a net margin of 0.40%.During the same quarter in the previous year, the company earned $0.16 EPS. As a group, equities analysts anticipate that DLH will post -0.13 EPS for the current fiscal year.

Insider Buying and Selling at DLH

In other news, major shareholder Mink Brook Asset Management Ll acquired 44,208 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were bought at an average price of $5.50 per share, for a total transaction of $243,144.00. Following the acquisition, the insider owned 1,931,447 shares of the company’s stock, valued at approximately $10,622,958.50. This trade represents a 2.34% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders have bought 59,498 shares of company stock worth $327,239. 15.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DLH

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nuveen LLC purchased a new position in shares of DLH during the first quarter valued at approximately $44,000. Bank of America Corp DE boosted its holdings in DLH by 31.9% during the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock worth $62,000 after purchasing an additional 1,855 shares during the last quarter. Jane Street Group LLC bought a new stake in DLH in the 2nd quarter worth about $65,000. Qube Research & Technologies Ltd purchased a new stake in DLH in the 2nd quarter valued at about $73,000. Finally, Quadrature Capital Ltd bought a new position in shares of DLH during the 2nd quarter worth approximately $89,000. Institutional investors 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.