DLH Holdings Corp. (NASDAQ:DLHC) Sees Large Decline in Short Interest

DLH Holdings Corp. (NASDAQ:DLHC) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 203,500 shares, a drop of 5.7% from the September 15th total of 215,700 shares. Based on an average daily volume of 42,000 shares, the days-to-cover ratio is currently 4.8 days. Approximately 1.7% of the company’s stock are short sold.

DLH Price Performance

Shares of NASDAQ DLHC opened at $8.96 on Thursday. The stock has a market capitalization of $127.46 million, a price-to-earnings ratio of 42.64 and a beta of 1.14. The business has a 50-day moving average of $9.90 and a 200-day moving average of $10.73. 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 fifty-two week low of $8.55 and a fifty-two week high of $17.58.

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

Hedge Funds Weigh In On DLH

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of DLH by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 507,623 shares of the business services provider’s stock valued at $6,736,000 after acquiring an additional 3,627 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in DLH by 24.4% during the second quarter. Dimensional Fund Advisors LP now owns 233,800 shares of the business services provider’s stock worth $2,469,000 after purchasing an additional 45,915 shares during the period. Essex Investment Management Co. LLC grew its holdings in 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 purchasing an additional 1,364 shares during the period. Victory Capital Management Inc. bought a new position in DLH during the second quarter worth about $1,013,000. Finally, Legato Capital Management LLC grew its holdings in DLH by 48.0% during the second quarter. Legato Capital Management LLC now owns 57,973 shares of the business services provider’s stock worth $612,000 after purchasing an additional 18,809 shares during the period. Institutional investors own 67.25% of the company’s stock.

DLH Company Profile

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).