DLH Holdings Corp. (NASDAQ:DLHC) Stock Short Interest Falls 34.9%

Key Points

• Short interest declined 34.9% to 42,648 shares as of October 15, representing 0.3% of DLH’s outstanding shares and 3.5 days to cover.
• Analyst opinions remain divided, with one Buy, one Hold and one Sell rating; the consensus rating is Hold.
• Insiders purchased 218,116 shares worth $821,361 during the last quarter, while institutional investors own 67.25% of the company.

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

Analysts Set New Price Targets

A number of brokerages recently commented on DLHC. Noble Financial reissued an "outperform" rating on shares of DLH in a report on Friday, July 31st. Weiss Ratings restated a "sell (d)" rating on shares of DLH in a report on Thursday, October 15th. Finally, Zacks Research raised DLH from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 29th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, DLH presently has a consensus rating of "Hold".

Insider Activity at DLH

In other news, major shareholder Mink Brook Asset Management Ll bought 199,099 shares of the firm's stock in a transaction that occurred on Thursday, October 1st. The shares were purchased at an average price of $3.70 per share, for a total transaction of $736,666.30. Following the completion of the transaction, the insider owned 893,421 shares in the company, valued at $3,305,657.70. The trade was a 28.68% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired a total of 218,116 shares of company stock worth $821,361 over the last quarter. 12.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in DLH stock. Bank of New York Mellon Corp bought a new stake in DLH Holdings Corp. (NASDAQ:DLHC - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 11,738 shares of the business services provider's stock, valued at approximately $62,000. Bank of New York Mellon Corp owned about 0.08% of DLH as of its most recent filing with the Securities & Exchange Commission. 67.25% of the stock is owned by institutional investors.

DLH Stock Performance

Shares of DLHC opened at $3.63 on Monday. The stock has a market capitalization of $52.61 million, a PE ratio of -2.45 and a beta of 1.52. The business's fifty day moving average price is $3.98 and its 200 day moving average price is $5.17. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.67 and a quick ratio of 0.67. DLH has a 12-month low of $3.38 and a 12-month high of $8.10.

About DLH

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.

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