DLH Holdings Corp. (NASDAQ:DLHC) Short Interest Up 38.5% in February

DLH Holdings Corp. (NASDAQ:DLHC) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 227,900 shares, a growth of 38.5% from the January 31st total of 164,500 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average daily trading volume, of 44,900 shares, the short-interest ratio is presently 5.1 days.

Insider Activity

In other news, CFO Kathryn M. Johnbull purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average cost of $7.76 per share, for a total transaction of $77,600.00. Following the completion of the transaction, the chief financial officer now directly owns 528,687 shares of the company’s stock, valued at $4,102,611.12. This trade represents a 1.93 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 15.30% of the company’s stock.

Institutional Trading of DLH

Hedge funds have recently bought and sold shares of the company. Mink Brook Asset Management LLC purchased a new stake in shares of DLH during the fourth quarter worth about $10,991,000. Minerva Advisors LLC grew its position in shares of DLH by 33.2% during the fourth quarter. Minerva Advisors LLC now owns 847,592 shares of the business services provider’s stock worth $6,806,000 after purchasing an additional 211,215 shares in the last quarter. Millennium Management LLC grew its position in shares of DLH by 313.4% during the fourth quarter. Millennium Management LLC now owns 69,733 shares of the business services provider’s stock worth $560,000 after purchasing an additional 52,864 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in DLH by 643.6% during the 4th quarter. JPMorgan Chase & Co. now owns 27,386 shares of the business services provider’s stock valued at $220,000 after buying an additional 23,703 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in DLH by 654.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider’s stock valued at $139,000 after buying an additional 12,906 shares in the last quarter. Hedge funds and other institutional investors own 67.25% of the company’s stock.

DLH Stock Down 2.2 %

DLH stock traded down $0.11 during mid-day trading on Monday, hitting $4.95. The company had a trading volume of 31,582 shares, compared to its average volume of 41,625. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.21. The stock’s 50 day moving average price is $7.00 and its two-hundred day moving average price is $8.34. DLH has a 12 month low of $4.92 and a 12 month high of $15.98. The company has a market capitalization of $71.21 million, a PE ratio of 11.25 and a beta of 1.18.

DLH (NASDAQ:DLHC) last released its earnings results on Wednesday, February 5th. The business services provider reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. DLH had a return on equity of 5.82% and a net margin of 1.64%. As a group, sell-side analysts anticipate that DLH will post -0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com lowered DLH from a “buy” rating to a “hold” rating in a research report on Friday, February 7th.

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).