DLH Holdings Corp. (NASDAQ:DLHC) Short Interest Up 38.5% in February

DLH Holdings Corp. (NASDAQ:DLHC) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 227,900 shares, a growth 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 presently 5.1 days. Approximately 1.9% of the shares of the company are short sold.

Insider Buying and Selling

In related news, CFO Kathryn M. Johnbull purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was bought at an average price of $7.76 per share, for a total transaction of $77,600.00. Following the purchase, the chief financial officer now directly owns 528,687 shares in the company, valued at approximately $4,102,611.12. This trade represents a 1.93 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 15.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DLH

Hedge funds have recently made changes to their positions in the stock. Minerva Advisors LLC boosted its stake in DLH by 24.2% in the 3rd quarter. Minerva Advisors LLC now owns 636,377 shares of the business services provider’s stock worth $5,950,000 after purchasing an additional 123,796 shares during the period. State Street Corp increased its holdings in DLH by 3.9% during the 3rd quarter. State Street Corp now owns 111,447 shares of the business services provider’s stock worth $1,043,000 after acquiring an additional 4,165 shares during the period. Barclays PLC lifted its stake in DLH by 299.3% in the 3rd quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock worth $109,000 after purchasing an additional 8,782 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in DLH by 654.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 12,906 shares during the period. Finally, Albert D Mason Inc. grew its position in shares of DLH by 10.7% during the 4th quarter. Albert D Mason Inc. now owns 103,575 shares of the business services provider’s stock valued at $832,000 after purchasing an additional 10,016 shares in the last quarter. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

DLH Stock Performance

NASDAQ:DLHC traded down $0.03 on Wednesday, reaching $4.78. 9,530 shares of the company’s stock were exchanged, compared to its average volume of 41,159. The firm has a market cap of $68.72 million, a price-to-earnings ratio of 10.85 and a beta of 1.40. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a fifty day simple moving average of $7.00 and a 200-day simple moving average of $8.34. DLH has a 52 week low of $4.74 and a 52 week high of $15.23.

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