DLH Holdings Corp. (NASDAQ:DLHC) Short Interest Update

DLH Holdings Corp. (NASDAQ:DLHC - Get Free Report) was the recipient of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 164,500 shares, a decrease of 13.9% from the January 15th total of 191,100 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 45,600 shares, the days-to-cover ratio is presently 3.6 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of DLH from a "buy" rating to a "hold" rating in a research note on Friday, February 7th.

DLH Trading Down 0.7 %

NASDAQ DLHC traded down $0.04 during trading hours on Thursday, hitting $5.62. The company's stock had a trading volume of 24,736 shares, compared to its average volume of 42,304. The stock has a fifty day moving average of $7.35 and a 200 day moving average of $8.60. 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 firm has a market capitalization of $80.85 million, a P/E ratio of 12.77 and a beta of 1.18. DLH has a twelve month low of $5.60 and a twelve month high of $16.67.

DLH (NASDAQ:DLHC - Get Free Report) last posted its earnings results on Wednesday, February 5th. The business services provider reported $0.08 earnings per share 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%. Equities research analysts forecast that DLH will post -0.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Kathryn M. Johnbull purchased 10,000 shares of the firm's stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of $7.76 per share, with a total value of $77,600.00. Following the completion of the purchase, the chief financial officer now directly owns 528,687 shares of the company's stock, valued at $4,102,611.12. This trade represents a 1.93 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 15.30% of the company's stock.

Institutional Investors Weigh In On DLH

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its holdings in shares of DLH by 31.9% during the fourth quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider's stock worth $62,000 after acquiring an additional 1,855 shares during the period. Barclays PLC raised its holdings in shares of DLH by 299.3% during the third quarter. Barclays PLC now owns 11,716 shares of the business services provider's stock worth $109,000 after acquiring an additional 8,782 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of DLH by 654.8% during the third quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider's stock worth $139,000 after acquiring an additional 12,906 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of DLH by 643.6% during the fourth quarter. JPMorgan Chase & Co. now owns 27,386 shares of the business services provider's stock worth $220,000 after acquiring an additional 23,703 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of DLH by 27.6% during the fourth quarter. Bank of New York Mellon Corp now owns 39,263 shares of the business services provider's stock worth $315,000 after acquiring an additional 8,481 shares during the period. 67.25% of the stock is currently owned by institutional investors and hedge funds.

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).