Short Interest in DLH Holdings Corp. (NASDAQ:DLHC) Increases By 28.2%

DLH Holdings Corp. (NASDAQ:DLHC) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 37,300 shares, a growth of 28.2% from the March 31st total of 29,100 shares. Based on an average daily trading volume, of 39,300 shares, the short-interest ratio is currently 0.9 days. Currently, 0.3% of the shares of the stock are short sold.

DLH Stock Down 1.4 %

Shares of DLHC opened at $10.79 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.45. DLH has a 52-week low of $9.01 and a 52-week high of $17.58. The company has a market cap of $153.54 million, a PE ratio of 71.94 and a beta of 1.20. The business has a fifty day moving average of $13.46 and a 200 day moving average of $14.42.

DLH (NASDAQ:DLHC) last released its quarterly earnings results on Wednesday, January 31st. The business services provider reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. DLH had a net margin of 0.51% and a return on equity of 6.78%. The firm had revenue of $97.85 million during the quarter, compared to analysts’ expectations of $101.00 million. On average, sell-side analysts expect that DLH will post 0.55 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut DLH from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Insider Activity at DLH

In other DLH news, insider Jeanine M. Christian sold 3,826 shares of DLH stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $16.99, for a total value of $65,003.74. Following the sale, the insider now owns 21,125 shares of the company’s stock, valued at approximately $358,913.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 21.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DLH

Several hedge funds and other institutional investors have recently modified their holdings of the business. Minerva Advisors LLC grew its position in DLH by 16.7% in the 3rd quarter. Minerva Advisors LLC now owns 505,581 shares of the business services provider’s stock valued at $5,723,000 after acquiring an additional 72,173 shares during the last quarter. Cove Street Capital LLC grew its holdings in shares of DLH by 14.6% in the third quarter. Cove Street Capital LLC now owns 803,460 shares of the business services provider’s stock worth $9,376,000 after purchasing an additional 102,275 shares during the last quarter. Essex Investment Management Co. LLC purchased a new position in DLH in the 3rd quarter worth about $1,180,000. Legato Capital Management LLC lifted its holdings in DLH by 3.2% during the 4th quarter. Legato Capital Management LLC now owns 39,164 shares of the business services provider’s stock valued at $617,000 after buying an additional 1,203 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in DLH by 6.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 33,155 shares of the business services provider’s stock worth $387,000 after acquiring an additional 1,872 shares in the last quarter. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

DLH Company Profile

DLH Holdings Corp. provides technology-enabled business process outsourcing, program management solutions, and public health research and analytics services in the United States. It offers digital transformation and cyber security solutions, including artificial intelligence and machine learning, cloud enablement, cybersecurity ecosystem, big data analytics, and modeling and simulation to the National Institutes of Health (NIH), the Defense Health Agency, Tele-medicine and Advanced Technology Research Center, and US Navy Naval Information Warfare Center (NIWC).