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

DLH Holdings Corp. (NASDAQ:DLHC) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 42,612 shares, a drop of 20.7% from the February 26th total of 53,757 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 5,146 shares, the days-to-cover ratio is presently 8.3 days.

DLH Price Performance

NASDAQ:DLHC opened at $5.59 on Friday. The business’s 50-day simple moving average is $5.79 and its two-hundred day simple moving average is $5.78. 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 has a 52 week low of $2.72 and a 52 week high of $8.10. The stock has a market cap of $81.00 million, a PE ratio of -79.85 and a beta of 1.59.

DLH (NASDAQ:DLHC) last posted its quarterly earnings results on Monday, February 9th. The business services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $70.15 million. As a group, analysts forecast that DLH will post -0.13 EPS for the current fiscal year.

Insider Buying and Selling at DLH

In other DLH news, major shareholder Mink Brook Asset Management Ll bought 22,057 shares of the stock in a transaction dated Wednesday, February 18th. The stock was purchased at an average cost of $5.50 per share, for a total transaction of $121,313.50. Following the completion of the acquisition, the insider owned 1,975,147 shares of the company’s stock, valued at approximately $10,863,308.50. This trade represents a 1.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have purchased a total of 51,670 shares of company stock worth $284,185 over the last ninety days. 12.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DLH

Several institutional investors have recently bought and sold shares of DLHC. Bank of America Corp DE lifted its holdings 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 valued at $62,000 after acquiring an additional 1,855 shares during the last quarter. Strs Ohio purchased a new position in DLH during the 1st quarter valued at $185,000. Quadrature Capital Ltd purchased a new stake in shares of DLH during the second quarter valued at $89,000. Minerva Advisors LLC increased its position in shares of DLH by 9.1% during the second quarter. Minerva Advisors LLC now owns 1,110,743 shares of the business services provider’s stock worth $6,442,000 after acquiring an additional 92,346 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of DLH in the second quarter valued at approximately $73,000. Institutional investors own 67.25% of the company’s stock.

Analyst Ratings Changes

DLHC has been the subject of several analyst reports. Zacks Research downgraded 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 investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

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.