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

DLH Holdings Corp. (NASDAQ:DLHC – Get Rating) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 47,400 shares, an increase of 7.2% from the February 13th total of 44,200 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 40,600 shares, the days-to-cover ratio is presently 1.2 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of DLH in a research note on Thursday. They set a “hold” rating for the company.

DLH Stock Up 0.2 %

Shares of NASDAQ DLHC traded up $0.02 during midday trading on Friday, hitting $10.94. The company’s stock had a trading volume of 515 shares, compared to its average volume of 43,301. The business’s fifty day simple moving average is $12.21 and its two-hundred day simple moving average is $12.84. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.86 and a quick ratio of 0.86. DLH has a 1 year low of $10.76 and a 1 year high of $19.73. The firm has a market capitalization of $150.53 million, a price-to-earnings ratio of 9.18 and a beta of 1.44.

DLH (NASDAQ:DLHC – Get Rating) last posted its quarterly earnings data on Wednesday, February 8th. The business services provider reported $0.25 EPS for the quarter. DLH had a net margin of 5.40% and a return on equity of 16.02%. The business had revenue of $72.74 million during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quadrature Capital Ltd purchased a new position in shares of DLH in the third quarter valued at approximately $163,000. Trexquant Investment LP purchased a new position in DLH in the third quarter worth approximately $123,000. UBS Group AG purchased a new position in DLH in the second quarter worth approximately $33,000. Minerva Advisors LLC lifted its stake in DLH by 8.1% in the fourth quarter. Minerva Advisors LLC now owns 195,189 shares of the business services provider’s stock worth $2,305,000 after acquiring an additional 14,686 shares during the last quarter. Finally, Cove Street Capital LLC lifted its stake in DLH by 8.1% in the fourth quarter. Cove Street Capital LLC now owns 483,001 shares of the business services provider’s stock worth $5,731,000 after acquiring an additional 36,205 shares during the last quarter. Hedge funds and other institutional investors own 60.34% of the company’s stock.

DLH Company Profile

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DLH Holdings Corp. engages in the provision of technology enabled business process outsourcing program management solutions and public health research and analytics. It mainly focuses to improve and better deploy large-scale federal health and human service initiatives. The company was founded in 1969 and is headquartered in Atlanta, GA.