DLH Holdings Corp. (NASDAQ:DLHC) Stock Short Interest Report for October

DLH Holdings Corp. (NASDAQ:DLHC) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 42,648 shares, a decline of 34.9% from the September 30th total of 65,558 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 12,181 shares, the short-interest ratio is currently 3.5 days.

Insiders Place Their Bets

In other news, major shareholder Mink Brook Asset Management Ll bought 199,099 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were bought at an average cost of $3.70 per share, with a total value of $736,666.30. Following the acquisition, the insider owned 893,421 shares in the company, valued at $3,305,657.70. This trade represents a 28.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired 214,116 shares of company stock worth $801,881 in the last 90 days. 12.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DLH

A hedge fund recently bought a new position in DLH stock. Bank of New York Mellon Corp purchased a new stake in DLH Holdings Corp. (NASDAQ:DLHC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,738 shares of the business services provider’s stock, valued at approximately $62,000. Bank of New York Mellon Corp owned 0.08% of DLH at the end of the most recent quarter. 67.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DLHC. Weiss Ratings restated a “sell (d)” rating on shares of DLH in a research note on Thursday, October 15th. Noble Financial restated an “outperform” rating on shares of DLH in a research note on Friday, July 31st. Finally, Zacks Research raised DLH from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 29th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

DLH Price Performance

DLH stock opened at $3.63 on Tuesday. DLH has a 12 month low of $3.38 and a 12 month high of $6.88. The stock’s 50 day moving average is $3.96 and its 200-day moving average is $5.16. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $52.67 million, a price-to-earnings ratio of -2.47 and a beta of 1.52.

DLH Company Profile

DLH Holdings Corp. (NASDAQ: DLHC) provides healthcare, logistics and human services solutions primarily to the U.S. federal government. The company supports agencies and programs in areas such as public health, clinical research, population health, behavioral health, medical readiness and healthcare delivery.

DLH’s services include program management, health and human services support, data and analytics, information technology, medical logistics and supply-chain management. Its work supports federal healthcare and research programs, as well as military and veteran health initiatives, including activities associated with the Department of Veterans Affairs, the Department of Defense and agencies within the Department of Health and Human Services.

The company serves customers throughout the United States and may support government operations in deployed or other specialized environments.