Short Interest in DLH Holdings Corp. (NASDAQ:DLHC) Increases By 38.5%

DLH Holdings Corp. (NASDAQ:DLHC) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 227,900 shares, an increase of 38.5% from the January 31st total of 164,500 shares. Based on an average daily trading volume, of 44,900 shares, the short-interest ratio is currently 5.1 days. Currently, 1.9% of the shares of the company are short sold.

Insider Activity

In other DLH news, CFO Kathryn M. Johnbull acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was bought at an average cost of $7.76 per share, with a total value of $77,600.00. Following the completion of the transaction, the chief financial officer now directly owns 528,687 shares in the company, valued at approximately $4,102,611.12. This represents a 1.93 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 15.30% of the company’s stock.

Institutional Investors Weigh In On DLH

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of DLH by 31.9% during the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 1,855 shares in the last quarter. Barclays PLC boosted its holdings in shares of DLH by 299.3% during the 3rd quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 8,782 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of DLH by 654.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider’s stock valued at $139,000 after acquiring an additional 12,906 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of DLH by 643.6% during the 4th quarter. JPMorgan Chase & Co. now owns 27,386 shares of the business services provider’s stock valued at $220,000 after acquiring an additional 23,703 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in DLH by 27.6% during the 4th quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider’s stock worth $315,000 after buying an additional 8,481 shares during the period. Institutional investors and hedge funds own 67.25% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered DLH from a “buy” rating to a “hold” rating in a research note on Friday, February 7th.

DLH Price Performance

Shares of DLHC traded down $0.14 during midday trading on Tuesday, hitting $4.81. The company’s stock had a trading volume of 55,696 shares, compared to its average volume of 41,966. DLH has a one year low of $4.81 and a one year high of $15.98. The company’s fifty day simple moving average is $7.00 and its two-hundred day simple moving average is $8.34. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $69.20 million, a price-to-earnings ratio of 10.93 and a beta of 1.40.

DLH (NASDAQ:DLHC) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. DLH had a return on equity of 5.82% and a net margin of 1.64%. As a group, equities analysts expect that DLH will post -0.13 earnings per share for the current fiscal year.

About DLH

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).