Short Interest in DLH Holdings Corp. (NASDAQ:DLHC) Declines By 21.3%

DLH Holdings Corp. (NASDAQ:DLHC) was the target of a significant drop in short interest during the month of 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. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 11,498 shares, the short-interest ratio is presently 5.9 days. Based on an average daily volume of 11,498 shares, the short-interest ratio is presently 5.9 days. Currently, 0.6% of the company’s shares are sold short.

DLH Price Performance

DLHC traded down $0.27 during trading on Friday, hitting $5.71. The company’s 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 price-to-earnings ratio of 57.11 and a beta of 1.57. The business’s fifty day simple moving average is $5.84 and its 200 day simple moving average is $5.74. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.06. DLH has a twelve month low of $2.72 and a twelve month high of $8.10.

DLH (NASDAQ:DLHC) last released its earnings results on Wednesday, December 10th. The business services provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). The business 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 period in the previous year, the company earned $0.16 EPS. On average, equities research analysts forecast that DLH will post -0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DLHC shares. Zacks Research lowered shares of DLH from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 17th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DLH in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, DLH currently has an average rating of “Sell”.

Insider Activity

In other DLH news, major shareholder Mink Brook Asset Management Ll bought 44,208 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was acquired at an average price of $5.50 per share, for a total transaction of $243,144.00. Following the completion of the transaction, the insider directly owned 1,931,447 shares of the company’s stock, valued at approximately $10,622,958.50. This represents a 2.34% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased a total of 50,237 shares of company stock worth $276,304 in the last ninety days. 15.30% of the stock is owned by insiders.

Hedge Funds Weigh In On DLH

Several institutional investors have recently bought and sold shares of the company. Mink Brook Asset Management LLC lifted its position in shares of DLH by 64.5% during the 2nd quarter. Mink Brook Asset Management LLC now owns 2,366,765 shares of the business services provider’s stock worth $13,822,000 after purchasing an additional 928,258 shares during the last quarter. RBF Capital LLC acquired a new position in DLH during the second quarter worth approximately $1,314,000. Minerva Advisors LLC raised its position in DLH by 9.1% in the 2nd quarter. Minerva Advisors LLC now owns 1,110,743 shares of the business services provider’s stock valued at $6,442,000 after purchasing an additional 92,346 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of DLH during the second quarter worth about $239,000. Finally, Jane Street Group LLC acquired a new stake in DLH during the 2nd quarter worth approximately $65,000. 67.25% of the stock is owned by institutional investors and hedge funds.

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.