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

DLH Holdings Corp. (NASDAQ:DLHC) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 37,300 shares, a growth of 28.2% from the March 31st total of 29,100 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 39,300 shares, the short-interest ratio is presently 0.9 days.

Insider Transactions at DLH

In related news, insider Jeanine M. Christian sold 3,826 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $16.99, for a total value of $65,003.74. Following the completion of the transaction, the insider now owns 21,125 shares of the company’s stock, valued at $358,913.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 21.60% of the company’s stock.

Hedge Funds Weigh In On DLH

A number of hedge funds have recently made changes to their positions in DLHC. Legato Capital Management LLC increased its position in shares of DLH by 3.2% during the fourth quarter. Legato Capital Management LLC now owns 39,164 shares of the business services provider’s stock worth $617,000 after purchasing an additional 1,203 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in DLH by 6.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 33,155 shares of the business services provider’s stock worth $387,000 after purchasing an additional 1,872 shares during the last quarter. Wasatch Advisors LP grew its holdings in shares of DLH by 9.6% during the fourth quarter. Wasatch Advisors LP now owns 548,217 shares of the business services provider’s stock worth $8,634,000 after buying an additional 47,866 shares in the last quarter. Minerva Advisors LLC raised its position in shares of DLH by 16.7% in the third quarter. Minerva Advisors LLC now owns 505,581 shares of the business services provider’s stock valued at $5,723,000 after buying an additional 72,173 shares during the last quarter. Finally, Essex Investment Management Co. LLC purchased a new position in shares of DLH in the third quarter worth about $1,180,000. Institutional investors and hedge funds own 67.25% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered DLH from a “strong-buy” rating to a “buy” rating in a research note on Friday.

DLH Trading Up 2.5 %

Shares of NASDAQ:DLHC opened at $10.94 on Friday. The company has a market capitalization of $155.68 million, a PE ratio of 72.94 and a beta of 1.20. DLH has a 12-month low of $9.01 and a 12-month high of $17.58. The business has a 50 day moving average of $13.57 and a two-hundred day moving average of $14.46. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.45.

DLH (NASDAQ:DLHC) last posted its earnings results on Wednesday, January 31st. The business services provider reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.03. The business had revenue of $97.85 million for the quarter, compared to analyst estimates of $101.00 million. DLH had a net margin of 0.51% and a return on equity of 6.78%. As a group, analysts forecast that DLH will post 0.55 EPS for the current year.

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).