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

DLH Holdings Corp. (NASDAQ:DLHC) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 215,700 shares, a growth of 7.2% from the August 31st total of 201,200 shares. Based on an average daily volume of 59,100 shares, the days-to-cover ratio is currently 3.6 days. Currently, 1.8% of the company’s shares are sold short.

Institutional Investors Weigh In On DLH

Hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP lifted its stake in DLH by 9.6% in the 4th quarter. Wasatch Advisors LP now owns 548,217 shares of the business services provider’s stock worth $8,634,000 after acquiring an additional 47,866 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in DLH in the 2nd quarter worth about $1,013,000. Vanguard Group Inc. lifted its stake in DLH by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 507,623 shares of the business services provider’s stock worth $6,736,000 after acquiring an additional 3,627 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in DLH in the 1st quarter worth about $328,000. Finally, Rhumbline Advisers purchased a new stake in DLH in the 2nd quarter worth about $90,000. 67.25% of the stock is owned by hedge funds and other institutional investors.

DLH Trading Down 2.4 %

NASDAQ:DLHC opened at $9.14 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.32. DLH has a 1-year low of $9.11 and a 1-year high of $17.58. The firm has a market capitalization of $130.09 million, a price-to-earnings ratio of 43.52 and a beta of 1.15. The stock has a fifty day simple moving average of $10.34 and a 200 day simple moving average of $11.10.

DLH (NASDAQ:DLHC) last released its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The company had revenue of $100.69 million during the quarter, compared to analyst estimates of $103.00 million. DLH had a net margin of 0.62% and a return on equity of 7.03%. During the same quarter last year, the business earned $0.12 EPS. Sell-side analysts forecast that DLH will post 0.46 earnings per share for the current year.

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).