DLH Holdings Corp. (NASDAQ:DLHC) Sees Significant Increase in Short Interest

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 37,300 shares, a growth of 28.2% from the March 31st total of 29,100 shares. Based on an average daily volume of 39,300 shares, the short-interest ratio is presently 0.9 days. Currently, 0.3% of the company's stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of DLH from a "strong-buy" rating to a "buy" rating in a report on Friday.

Insider Buying and Selling at DLH

In other DLH news, insider Jeanine M. Christian sold 3,826 shares of the firm's stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $16.99, for a total value of $65,003.74. Following the completion of the sale, the insider now owns 21,125 shares of the company's stock, valued at $358,913.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 21.60% of the stock is owned by insiders.

Institutional Trading of DLH

Several large investors have recently made changes to their positions in the business. Legato Capital Management LLC boosted its holdings in DLH by 3.2% in the fourth quarter. Legato Capital Management LLC now owns 39,164 shares of the business services provider's stock valued at $617,000 after purchasing an additional 1,203 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of DLH by 6.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 33,155 shares of the business services provider's stock worth $387,000 after buying an additional 1,872 shares during the last quarter. Wasatch Advisors LP boosted its stake in shares of DLH by 9.6% in the fourth quarter. Wasatch Advisors LP now owns 548,217 shares of the business services provider's stock worth $8,634,000 after buying an additional 47,866 shares during the last quarter. Minerva Advisors LLC grew its holdings in DLH by 16.7% during the third quarter. Minerva Advisors LLC now owns 505,581 shares of the business services provider's stock worth $5,723,000 after acquiring an additional 72,173 shares during the period. Finally, Essex Investment Management Co. LLC purchased a new position in DLH during the third quarter valued at approximately $1,180,000. 67.25% of the stock is owned by hedge funds and other institutional investors.

DLH Stock Performance

DLH stock traded up $0.27 during trading hours on Friday, hitting $10.94. 43,496 shares of the stock traded hands, compared to its average volume of 36,161. The firm's 50 day moving average price is $13.57 and its 200-day moving average price is $14.45. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $155.68 million, a price-to-earnings ratio of 72.94 and a beta of 1.20. DLH has a 1 year low of $9.01 and a 1 year high of $17.58.

DLH (NASDAQ:DLHC - Get Free Report) last released its earnings results on Wednesday, January 31st. The business services provider reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.03. DLH had a return on equity of 6.78% and a net margin of 0.51%. The firm had revenue of $97.85 million during the quarter, compared to the consensus estimate of $101.00 million. As a group, equities analysts expect that DLH will post 0.55 EPS 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).