DLH Holdings Corp. (NASDAQ:DLHC) Short Interest Down 21.3% in January

DLH Holdings Corp. (NASDAQ:DLHC) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 67,846 shares, a decrease of 21.3% from the December 31st total of 86,161 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,498 shares, the short-interest ratio is currently 5.9 days. Based on an average daily trading volume, of 11,498 shares, the short-interest ratio is currently 5.9 days. Currently, 0.6% of the shares of the stock are sold short.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated 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 research note on Wednesday, December 17th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

DLH Stock Up 3.5%

Shares of NASDAQ DLHC traded up $0.20 during trading hours on Tuesday, hitting $5.86. The stock had a trading volume of 3,271 shares, compared to its average volume of 8,786. The firm’s 50-day moving average price is $5.82 and its two-hundred day moving average price is $5.74. DLH has a 52 week low of $2.72 and a 52 week high of $8.10. The company has a market capitalization of $84.91 million, a P/E ratio of 58.61 and a beta of 1.60. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.00 and a current ratio of 1.00.

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

Insider Activity at DLH

In other news, major shareholder Mink Brook Asset Management Ll acquired 44,208 shares of DLH stock in a transaction on Wednesday, December 17th. The stock was bought at an average cost of $5.50 per share, with a total value of $243,144.00. Following the completion of the purchase, the insider owned 1,931,447 shares of the company’s stock, valued at $10,622,958.50. This represents a 2.34% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders acquired 50,237 shares of company stock worth $276,304. 12.80% of the stock is currently owned by corporate insiders.

Institutional Trading of DLH

A number of institutional investors and hedge funds have recently made changes to their positions in DLHC. Bank of America Corp DE boosted its stake in shares of 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 in the last quarter. Jane Street Group LLC bought a new position in shares of DLH in the second quarter valued at approximately $65,000. Qube Research & Technologies Ltd acquired a new stake in shares of DLH in the second quarter worth $73,000. Quadrature Capital Ltd bought a new stake in shares of DLH during the 2nd quarter worth $89,000. Finally, Strs Ohio bought a new stake in shares of DLH during the 1st quarter worth $185,000. 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.