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

DLH Holdings Corp. (NASDAQ:DLHC) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 55,130 shares, a decline 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 presently 8.2 days. Approximately 0.4% of the company’s shares are sold short. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 6,733 shares, the days-to-cover ratio is presently 8.2 days.

Analyst Upgrades and Downgrades

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

DLH Price Performance

Shares of NASDAQ DLHC traded down $0.16 during trading on Monday, hitting $5.56. The company had a trading volume of 23,307 shares, compared to its average volume of 9,498. DLH has a fifty-two week low of $2.72 and a fifty-two week high of $8.10. The firm has a market capitalization of $80.56 million, a price-to-earnings ratio of -79.42 and a beta of 1.60. The stock has a fifty day simple moving average of $5.74 and a two-hundred day simple moving average of $5.74. 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 posted 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). The business had revenue of $68.89 million for the quarter, compared to analyst estimates of $70.15 million. DLH had a negative return on equity of 0.95% and a negative net margin of 0.33%. On average, research analysts expect that DLH will post -0.13 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Mink Brook Asset Management Ll acquired 44,208 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was bought at an average price of $5.50 per share, for a total transaction of $243,144.00. Following the acquisition, the insider directly owned 1,931,447 shares of the company’s stock, valued at $10,622,958.50. This represents a 2.34% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders acquired 64,133 shares of company stock valued at $352,732. Corporate insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On DLH

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of DLH in the 4th quarter worth $58,000. Bank of America Corp DE grew its holdings in shares of DLH by 31.9% in the fourth 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. Qube Research & Technologies Ltd acquired a new stake in DLH during the second quarter worth about $73,000. Quadrature Capital Ltd purchased a new position in DLH during the second quarter worth about $89,000. Finally, Strs Ohio acquired a new position in DLH in the 1st quarter valued at about $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.