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

Key Points

• Short interest in DLH fell by 20.6% in February to 53,757 shares, about 0.4% of the float, with a short-interest ratio of 3.9 days.
• Analysts' consensus is a Sell rating after firms including Zacks cut DLH (to "strong sell") and Weiss reaffirmed a "sell" rating.
• DLH missed its last quarter (EPS -$0.09 vs. -$0.07 estimate; revenue $68.89M vs. $70.15M), has negative margins and a market cap of $86.8M, while insider Mink Brook purchased 44,208 shares and insiders now own 12.8%.

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 53,757 shares, a drop of 20.6% from the February 12th total of 67,720 shares. Currently, 0.4% of the company's stock are sold short. Based on an average daily trading volume, of 13,851 shares, the short-interest ratio is currently 3.9 days. Based on an average daily trading volume, of 13,851 shares, the short-interest ratio is currently 3.9 days. Currently, 0.4% of the company's stock are sold short.

Analysts Set New Price Targets

DLHC has been the topic of a number of research analyst reports. Zacks Research cut shares of DLH from a "hold" rating to a "strong sell" rating in a research note on Wednesday, December 17th. Weiss Ratings reaffirmed 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 data from MarketBeat.com, the stock presently has an average rating of "Sell".

DLH Price Performance

Shares of NASDAQ DLHC traded up $0.02 during trading hours on Friday, reaching $5.99. 6,489 shares of the stock traded hands, compared to its average volume of 9,856. The company has a market capitalization of $86.80 million, a P/E ratio of -85.56 and a beta of 1.59. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.03. DLH has a 52-week low of $2.72 and a 52-week high of $8.10. The company's 50-day simple moving average is $5.78 and its two-hundred day simple moving average is $5.77.

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

Insider Activity at DLH

In other DLH news, major shareholder Mink Brook Asset Management Ll purchased 44,208 shares of the company's stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average cost of $5.50 per share, for a total transaction of $243,144.00. Following the completion of the acquisition, the insider owned 1,931,447 shares of the company's stock, valued at $10,622,958.50. The trade was a 2.34% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have purchased 95,956 shares of company stock worth $527,758. 12.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Mink Brook Asset Management LLC boosted its stake in shares of DLH by 64.5% during the 2nd quarter. Mink Brook Asset Management LLC now owns 2,366,765 shares of the business services provider's stock valued at $13,822,000 after purchasing an additional 928,258 shares in the last quarter. RBF Capital LLC bought a new position in DLH in the second quarter worth about $1,314,000. Rothschild Wealth LLC bought a new position in DLH in the fourth quarter worth about $928,000. Minerva Advisors LLC lifted its holdings in DLH by 9.1% in the second quarter. Minerva Advisors LLC now owns 1,110,743 shares of the business services provider's stock worth $6,442,000 after buying an additional 92,346 shares during the period. Finally, Strs Ohio bought a new stake in DLH during the 1st quarter valued at approximately $185,000. 67.25% of the stock is currently owned by institutional investors.

DLH Company Profile

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.

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