DLH Holdings Corp. (NASDAQ:DLHC) Short Interest Up 21.1% in February

DLH Holdings Corp. (NASDAQ:DLHC) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 276,000 shares, an increase of 21.1% from the February 13th total of 227,900 shares. Based on an average daily volume of 48,200 shares, the short-interest ratio is currently 5.7 days. Approximately 2.3% of the company’s stock are sold short.

Hedge Funds Weigh In On DLH

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its position 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 buying an additional 1,855 shares during the last quarter. State Street Corp raised its stake in DLH by 3.9% in the 3rd quarter. State Street Corp now owns 111,447 shares of the business services provider’s stock valued at $1,043,000 after acquiring an additional 4,165 shares during the period. Renaissance Technologies LLC lifted its holdings in DLH by 2.7% during the 4th quarter. Renaissance Technologies LLC now owns 270,068 shares of the business services provider’s stock valued at $2,169,000 after purchasing an additional 7,000 shares during the last quarter. Bank of New York Mellon Corp boosted its position in DLH by 27.6% during the fourth quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider’s stock worth $315,000 after purchasing an additional 8,481 shares during the period. Finally, Barclays PLC increased its holdings in shares of DLH by 299.3% in the third quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 8,782 shares during the last quarter. Institutional investors own 67.25% of the company’s stock.

Wall Street Analysts Forecast Growth

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

DLH Stock Up 1.5 %

Shares of NASDAQ:DLHC traded up $0.07 during midday trading on Tuesday, reaching $4.70. The company had a trading volume of 24,216 shares, compared to its average volume of 48,581. DLH has a 1-year low of $4.50 and a 1-year high of $14.60. The stock has a market cap of $67.61 million, a PE ratio of 10.68 and a beta of 1.40. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.21. The business’s 50 day moving average price is $6.34 and its 200 day moving average price is $7.88.

DLH (NASDAQ:DLHC) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. DLH had a net margin of 1.64% and a return on equity of 5.82%. Research analysts forecast that DLH will post -0.13 EPS for the current fiscal year.

About DLH

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).