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

DLH Holdings Corp. (NASDAQ:DLHC) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 188,900 shares, a decline of 7.2% from the September 30th total of 203,500 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average trading volume of 45,700 shares, the days-to-cover ratio is currently 4.1 days.

DLH Stock Performance

Shares of DLHC stock traded down $0.08 on Friday, hitting $8.02. 36,279 shares of the stock traded hands, compared to its average volume of 47,973. The company has a market capitalization of $113.75 million, a PE ratio of 47.29 and a beta of 1.14. The company’s fifty day moving average is $9.53 and its 200 day moving average is $10.43. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.05 and a quick ratio of 1.05. DLH has a 1-year low of $8.00 and a 1-year high of $17.58.

DLH (NASDAQ:DLHC) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The business had revenue of $100.69 million during the quarter, compared to the consensus estimate of $103.00 million. DLH had a return on equity of 7.03% and a net margin of 0.62%. During the same quarter in the previous year, the business posted $0.12 earnings per share. On average, equities research analysts predict that DLH will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DLH

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of DLH by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 507,623 shares of the business services provider’s stock worth $6,736,000 after purchasing an additional 3,627 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of DLH by 24.4% during the second quarter. Dimensional Fund Advisors LP now owns 233,800 shares of the business services provider’s stock valued at $2,469,000 after acquiring an additional 45,915 shares during the period. Essex Investment Management Co. LLC grew its position in shares of DLH by 1.4% during the first quarter. Essex Investment Management Co. LLC now owns 98,622 shares of the business services provider’s stock worth $1,309,000 after acquiring an additional 1,364 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of DLH in the 2nd quarter worth about $1,013,000. Finally, Albert D Mason Inc. lifted its position in DLH by 1.5% in the 3rd quarter. Albert D Mason Inc. now owns 93,559 shares of the business services provider’s stock valued at $876,000 after purchasing an additional 1,403 shares during the last quarter. Institutional investors own 67.25% of the company’s stock.

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).