DLH Holdings Corp. (NASDAQ:DLHC) Sees Large Drop in Short Interest

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

Analyst Ratings Changes

Several research analysts recently commented on DLHC shares. Zacks Research downgraded shares of DLH from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 17th. Weiss Ratings reissued a “sell (d)” rating on shares of DLH in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Insider Transactions at DLH

In related news, major shareholder Mink Brook Asset Management Ll purchased 22,057 shares of DLH stock in a transaction that occurred on Wednesday, February 18th. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $121,313.50. Following the transaction, the insider directly owned 1,975,147 shares in the company, valued at $10,863,308.50. The trade was a 1.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders purchased 51,670 shares of company stock worth $284,185. 12.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of DLH by 31.9% during the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 1,855 shares in the last quarter. Strs Ohio purchased a new stake in DLH in the first quarter worth $185,000. Quadrature Capital Ltd bought a new position in DLH in the second quarter worth $89,000. Minerva Advisors LLC lifted its position in DLH by 9.1% during the second quarter. Minerva Advisors LLC now owns 1,110,743 shares of the business services provider’s stock valued at $6,442,000 after buying an additional 92,346 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new position in DLH during the second quarter valued at $73,000. Institutional investors own 67.25% of the company’s stock.

DLH Trading Down 1.9%

NASDAQ:DLHC opened at $5.59 on Friday. The company has a 50-day moving average price of $5.79 and a 200-day moving average price of $5.78. The stock has a market cap of $81.00 million, a price-to-earnings ratio of -79.85 and a beta of 1.59. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.03. DLH has a 12 month low of $2.72 and a 12 month high of $8.10.

DLH (NASDAQ:DLHC) last announced its quarterly earnings results on Monday, February 9th. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). DLH had a negative net margin of 0.33% and a negative return on equity of 0.95%. The company had revenue of $68.89 million for the quarter, compared to analysts’ expectations of $70.15 million. Equities analysts predict that DLH will post -0.13 EPS for the current year.

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.