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

DLH Holdings Corp. (NASDAQ:DLHC) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 55,130 shares, a decrease of 18.7% from the January 15th total of 67,846 shares. Based on an average trading volume of 6,733 shares, the short-interest ratio is currently 8.2 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 6,733 shares, the short-interest ratio is currently 8.2 days.

DLH Stock Performance

NASDAQ:DLHC traded down $0.16 during mid-day trading on Monday, reaching $5.56. 23,307 shares of the stock were exchanged, compared to its average volume of 9,498. The stock has a market capitalization of $80.56 million, a P/E ratio of -79.42 and a beta of 1.60. DLH has a 1 year low of $2.72 and a 1 year high of $8.10. The company has a 50 day simple moving average of $5.74 and a 200-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 announced its earnings results 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 return on equity of 0.95% and a negative net margin of 0.33%.The business had revenue of $68.89 million for the quarter, compared to analysts’ expectations of $70.15 million. Analysts anticipate that DLH will post -0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DLHC shares. Zacks Research lowered shares of DLH from a “hold” rating to a “strong sell” rating in a 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 analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Insider Transactions at DLH

In other DLH news, major shareholder Mink Brook Asset Management Ll purchased 13,577 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were acquired at an average price of $5.50 per share, with a total value of $74,673.50. Following the purchase, the insider directly owned 1,950,129 shares in the company, valued at approximately $10,725,709.50. This trade represents a 0.70% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders acquired a total of 64,133 shares of company stock worth $352,732 over the last ninety days. 12.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Mink Brook Asset Management LLC grew its holdings in shares of DLH by 2.3% in the 4th quarter. Mink Brook Asset Management LLC now owns 2,625,847 shares of the business services provider’s stock worth $14,836,000 after acquiring an additional 59,498 shares during the period. Minerva Advisors LLC boosted its position in shares of DLH by 0.5% in the 3rd quarter. Minerva Advisors LLC now owns 1,116,802 shares of the business services provider’s stock worth $6,310,000 after buying an additional 6,059 shares in the last quarter. Vanguard Group Inc. grew its stake in DLH by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 494,618 shares of the business services provider’s stock valued at $2,795,000 after acquiring an additional 5,735 shares during the last quarter. RBF Capital LLC acquired a new position in DLH during the second quarter worth about $1,314,000. Finally, State Street Corp lifted its holdings in shares of DLH by 28.7% in the fourth quarter. State Street Corp now owns 59,609 shares of the business services provider’s stock valued at $337,000 after purchasing an additional 13,300 shares in the last quarter. 67.25% of the stock is owned by hedge funds and other institutional investors.

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.