Short Interest in DLH Holdings Corp. (NASDAQ:DLHC) Grows By 97.4%

DLH Holdings Corp. (NASDAQ:DLHC) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 76,028 shares, an increase of 97.4% from the June 15th total of 38,519 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 254,487 shares, the days-to-cover ratio is currently 0.3 days.

Insider Transactions at DLH

In other DLH news, major shareholder Mink Brook Asset Management Ll purchased 68,547 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average price of $5.50 per share, for a total transaction of $377,008.50. Following the completion of the purchase, the insider directly owned 2,051,938 shares in the company, valued at approximately $11,285,659. This trade represents a 3.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 168,376 shares of company stock valued at $910,954 over the last three months. Corporate insiders own 12.80% of the company’s stock.

Institutional Trading of DLH

A number of hedge funds and other institutional investors have recently made changes to their positions in DLHC. Jane Street Group LLC acquired a new position in DLH during the 4th quarter worth about $58,000. Bank of America Corp DE raised its stake in shares of DLH by 31.9% in the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock worth $62,000 after acquiring an additional 1,855 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of DLH in the second quarter worth about $73,000. Strs Ohio acquired a new position in shares of DLH during the first quarter worth approximately $185,000. Finally, Sandia Investment Management LP acquired a new position in DLH during the 4th quarter worth $197,000. 67.25% of the stock is currently owned by institutional investors and hedge funds.

DLH Stock Down 1.3%

Shares of DLHC opened at $5.50 on Friday. The company has a market capitalization of $79.69 million, a P/E ratio of -18.33 and a beta of 1.45. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.87 and a quick ratio of 0.87. DLH has a one year low of $5.03 and a one year high of $8.10. The business’s 50 day simple moving average is $5.45 and its 200-day simple moving average is $5.68.

DLH (NASDAQ:DLHC) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). DLH had a negative return on equity of 4.00% and a negative net margin of 1.53%.The business had revenue of $59.27 million for the quarter, compared to the consensus estimate of $58.00 million. As a group, sell-side analysts predict that DLH will post -0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DLHC has been the subject of several analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a research report on Monday, April 20th. Zacks Research upgraded DLH from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

About DLH

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.