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

DLH Holdings Corp. (NASDAQ:DLHC) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 164,500 shares, a decrease of 13.9% from the January 15th total of 191,100 shares. Currently, 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 45,600 shares, the short-interest ratio is presently 3.6 days.

Insider Buying and Selling

In related news, CFO Kathryn M. Johnbull purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average price of $7.76 per share, for a total transaction of $77,600.00. Following the purchase, the chief financial officer now directly owns 528,687 shares of the company’s stock, valued at approximately $4,102,611.12. This represents a 1.93 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 15.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DLH

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in shares of DLH by 31.9% during 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 buying an additional 1,855 shares during the period. Barclays PLC lifted its holdings in shares of DLH by 299.3% during the 3rd quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock valued at $109,000 after buying an additional 8,782 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of DLH by 654.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider’s stock valued at $139,000 after buying an additional 12,906 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of DLH by 643.6% during the 4th quarter. JPMorgan Chase & Co. now owns 27,386 shares of the business services provider’s stock valued at $220,000 after buying an additional 23,703 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of DLH by 27.6% during the 4th quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider’s stock valued at $315,000 after buying an additional 8,481 shares during the period. 67.25% of the stock is owned by institutional investors.

DLH Stock Performance

DLHC stock opened at $5.88 on Tuesday. The stock has a market capitalization of $84.61 million, a PE ratio of 13.36 and a beta of 1.18. DLH has a 12-month low of $5.85 and a 12-month high of $16.67. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 1.21. The stock’s 50 day simple moving average is $7.46 and its 200 day simple moving average is $8.67.

DLH (NASDAQ:DLHC) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. DLH had a return on equity of 5.82% and a net margin of 1.64%. As a group, research analysts forecast that DLH will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

DLH Company Profile

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).