Short Interest in DLH Holdings Corp. (NASDAQ:DLHC) Decreases By 22.1%

DLH Holdings Corp. (NASDAQ:DLHCGet Rating) was the target of a large drop in short interest in the month of December. As of December 30th, there was short interest totalling 32,700 shares, a drop of 22.1% from the December 15th total of 42,000 shares. Based on an average daily trading volume, of 30,300 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.3% of the company’s stock are short sold.

DLH Trading Up 0.5 %

DLHC opened at $11.23 on Friday. The firm has a market cap of $146.52 million, a price-to-earnings ratio of 6.89 and a beta of 1.44. DLH has a 52 week low of $10.76 and a 52 week high of $19.74. The business’s 50 day moving average is $12.55 and its two-hundred day moving average is $14.02. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.22.

DLH (NASDAQ:DLHCGet Rating) last released its earnings results on Monday, December 5th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The company had revenue of $67.23 million during the quarter, compared to analyst estimates of $67.00 million. DLH had a net margin of 5.89% and a return on equity of 22.31%.

Analyst Ratings Changes

Separately, StockNews.com cut DLH from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 7th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Cove Street Capital LLC increased its holdings in shares of DLH by 0.8% in the third quarter. Cove Street Capital LLC now owns 446,796 shares of the business services provider’s stock valued at $5,483,000 after purchasing an additional 3,488 shares during the period. Vanguard Group Inc. boosted its stake in shares of DLH by 29.6% in the first quarter. Vanguard Group Inc. now owns 403,304 shares of the business services provider’s stock valued at $7,639,000 after buying an additional 92,020 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of DLH by 56.6% in the third quarter. Dimensional Fund Advisors LP now owns 253,570 shares of the business services provider’s stock valued at $3,112,000 after buying an additional 91,683 shares in the last quarter. Ancora Advisors LLC boosted its stake in shares of DLH by 8.9% in the first quarter. Ancora Advisors LLC now owns 155,029 shares of the business services provider’s stock valued at $1,538,000 after buying an additional 12,730 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of DLH by 42.6% in the third quarter. Royal Bank of Canada now owns 50,240 shares of the business services provider’s stock valued at $616,000 after buying an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 60.34% of the company’s stock.

About DLH

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DLH Holdings Corp. engages in the provision of technology enabled business process outsourcing program management solutions and public health research and analytics. It mainly focuses to improve and better deploy large-scale federal health and human service initiatives. The company was founded in 1969 and is headquartered in Atlanta, GA.

Further Reading

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