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

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

Analysts Set New Price Targets

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

Insider Activity at DLH

In related news, major shareholder Mink Brook Asset Management Ll bought 44,208 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average price of $5.50 per share, with a total value of $243,144.00. Following the completion of the transaction, the insider owned 1,931,447 shares of the company’s stock, valued at $10,622,958.50. The trade was a 2.34% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 50,237 shares of company stock valued at $276,304 over the last 90 days. Company insiders own 15.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in shares of DLH by 31.9% in the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock worth $62,000 after buying an additional 1,855 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of DLH during the second quarter worth about $65,000. Qube Research & Technologies Ltd bought a new position in shares of DLH during the second quarter worth $73,000. Quadrature Capital Ltd purchased a new position in shares of DLH during the second quarter valued at about $89,000. Finally, Strs Ohio purchased a new position in DLH during the 1st quarter valued at approximately $185,000. 67.25% of the stock is owned by hedge funds and other institutional investors.

DLH Stock Down 4.5%

Shares of DLHC traded down $0.27 during trading hours on Friday, hitting $5.71. The stock had a trading volume of 3,976 shares, compared to its average volume of 9,010. The firm has a market capitalization of $82.74 million, a P/E ratio of 57.11 and a beta of 1.57. DLH has a 1-year low of $2.72 and a 1-year high of $8.10. The firm has a 50 day simple moving average of $5.84 and a 200-day simple moving average of $5.74. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.00 and a quick ratio of 1.00.

DLH (NASDAQ:DLHC) last issued its quarterly earnings results on Wednesday, December 10th. The business services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.08). The company had revenue of $81.16 million for the quarter, compared to analysts’ expectations of $83.50 million. DLH had a return on equity of 1.21% and a net margin of 0.40%.During the same quarter in the previous year, the business earned $0.16 EPS. Sell-side analysts predict that DLH will post -0.13 EPS for the current fiscal year.

DLH Company Profile

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.