DLH Holdings Corp. (NASDAQ:DLHC) Short Interest Update

DLH Holdings Corp. (NASDAQ:DLHC) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 67,720 shares, a growth of 22.8% from the January 29th total of 55,130 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 13,756 shares, the short-interest ratio is currently 4.9 days. Based on an average daily trading volume, of 13,756 shares, the short-interest ratio is currently 4.9 days. Approximately 0.5% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Zacks Research downgraded shares of DLH from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 17th. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a report on Wednesday, January 21st. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

DLH Trading Down 0.3%

Shares of DLH stock traded down $0.02 during trading on Tuesday, hitting $5.74. 1,802 shares of the company were exchanged, compared to its average volume of 11,049. The firm has a market capitalization of $83.17 million, a P/E ratio of -81.99 and a beta of 1.59. The firm’s fifty day moving average price is $5.74 and its 200 day moving average price is $5.75. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.97 and a quick ratio of 0.97. DLH has a 1-year low of $2.72 and a 1-year high of $8.10.

DLH (NASDAQ:DLHC) last issued its quarterly earnings data on Monday, February 9th. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). DLH had a negative net margin of 0.33% and a negative return on equity of 0.95%. The firm had revenue of $68.89 million for the quarter, compared to analyst estimates of $70.15 million. As a group, sell-side analysts expect that DLH will post -0.13 earnings per share for the current fiscal year.

Insider Buying and Selling at DLH

In other news, major shareholder Mink Brook Asset Management Ll purchased 8,048 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were acquired at an average price of $5.50 per share, with a total value of $44,264.00. Following the completion of the purchase, the insider directly owned 1,983,195 shares of the company’s stock, valued at $10,907,572.50. The trade was a 0.41% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired a total of 96,880 shares of company stock worth $532,840 in the last ninety days. Insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLHC. Bank of America Corp DE increased 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 worth $62,000 after acquiring an additional 1,855 shares in the last quarter. Jane Street Group LLC acquired a new stake in DLH during the 4th quarter worth approximately $58,000. Qube Research & Technologies Ltd bought a new position in DLH in the second quarter valued at approximately $73,000. Quadrature Capital Ltd acquired a new position in shares of DLH in the second quarter valued at approximately $89,000. Finally, Sandia Investment Management LP bought a new stake in shares of DLH during the fourth quarter worth $197,000. 67.25% of the stock is owned by institutional investors and hedge funds.

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.