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

DLH Holdings Corp. (NASDAQ:DLHC) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 53,757 shares, a decline of 20.6% from the February 12th total of 67,720 shares. Based on an average daily volume of 13,851 shares, the days-to-cover ratio is currently 3.9 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 13,851 shares, the days-to-cover ratio is currently 3.9 days.

Insiders Place Their Bets

In other news, major shareholder Mink Brook Asset Management Ll acquired 8,048 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was acquired at an average price of $5.50 per share, for a total transaction of $44,264.00. Following the completion of the acquisition, the insider owned 1,983,195 shares in the company, valued at $10,907,572.50. This trade represents a 0.41% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 95,956 shares of company stock valued at $527,758 over the last 90 days. 12.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in DLH by 31.9% in the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock worth $62,000 after buying an additional 1,855 shares during the period. Jane Street Group LLC purchased a new position in shares of DLH in the fourth quarter valued at about $58,000. Qube Research & Technologies Ltd bought a new position in shares of DLH in the second quarter worth about $73,000. Quadrature Capital Ltd bought a new position in shares of DLH in the second quarter worth about $89,000. Finally, Sandia Investment Management LP purchased a new stake in shares of DLH during the fourth quarter worth about $197,000. Hedge funds and other institutional investors own 67.25% of the company’s stock.

Wall Street Analyst Weigh In

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

DLH Stock Performance

Shares of NASDAQ:DLHC traded up $0.02 during trading on Friday, hitting $5.99. The company’s stock had a trading volume of 6,489 shares, compared to its average volume of 9,856. The company has a 50-day moving average of $5.78 and a 200-day moving average of $5.77. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $86.80 million, a price-to-earnings ratio of -85.56 and a beta of 1.59. DLH has a 12 month low of $2.72 and a 12 month high of $8.10.

DLH (NASDAQ:DLHC) last announced its earnings results on Monday, February 9th. The business services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $68.89 million for the quarter, compared to analysts’ expectations of $70.15 million. On average, sell-side analysts expect that DLH will post -0.13 earnings per share 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.