Short Interest in DLH Holdings Corp. (NASDAQ:DLHC) Expands By 38.5%

DLH Holdings Corp. (NASDAQ:DLHC) was the target of a significant growth in short interest in 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. Approximately 1.9% of the company’s stock are short sold. Based on an average daily volume of 44,900 shares, the days-to-cover ratio is currently 5.1 days.

Insiders Place Their Bets

In other news, CFO Kathryn M. Johnbull purchased 10,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were acquired at an average price of $7.76 per share, for a total transaction of $77,600.00. Following the completion of the acquisition, the chief financial officer now owns 528,687 shares in the company, valued at approximately $4,102,611.12. The trade was a 1.93 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 15.30% of the company’s stock.

Institutional Trading of DLH

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its position in DLH by 31.9% in the 4th quarter. Bank of America Corp DE now owns 7,679 shares of the business services provider’s stock worth $62,000 after purchasing an additional 1,855 shares in the last quarter. Barclays PLC grew its holdings in shares of DLH by 299.3% in the third quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 8,782 shares in the last quarter. BNP Paribas Financial Markets increased its position 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 valued at $139,000 after acquiring an additional 12,906 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in 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 boosted its position in DLH by 27.6% in 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 purchasing an additional 8,481 shares during the last quarter. Hedge funds and other institutional investors own 67.25% of the company’s stock.

DLH Stock Down 0.7 %

Shares of DLHC traded down $0.03 on Wednesday, reaching $4.78. The company’s stock had a trading volume of 9,530 shares, compared to its average volume of 41,159. The stock has a market capitalization of $68.72 million, a PE ratio of 10.85 and a beta of 1.40. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.21. DLH has a twelve month low of $4.74 and a twelve month high of $15.23. The firm has a fifty day moving average of $7.00 and a 200-day moving average of $8.34.

DLH (NASDAQ:DLHC) last posted its earnings results on Wednesday, February 5th. The business services provider reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. DLH had a return on equity of 5.82% and a net margin of 1.64%. Equities analysts predict that DLH will post -0.13 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of DLH from a “buy” rating to a “hold” rating in a research report on Friday, February 7th.

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).