Short Interest in DLH Holdings Corp. (NASDAQ:DLHC) Expands By 12.1%

DLH Holdings Corp. (NASDAQ:DLHC) saw a significant growth in short interest in July. As of July 31st, there was short interest totalling 173,800 shares, a growth of 12.1% from the July 15th total of 155,000 shares. Approximately 1.4% of the company’s shares are short sold. Based on an average trading volume of 60,800 shares, the short-interest ratio is presently 2.9 days.

DLH Price Performance

Shares of DLHC stock opened at $10.58 on Monday. The company has a market capitalization of $150.59 million, a PE ratio of 50.38 and a beta of 1.18. The firm has a fifty day simple moving average of $10.82 and a 200-day simple moving average of $12.31. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 1.32. DLH has a twelve month low of $9.55 and a twelve month high of $17.58.

DLH (NASDAQ:DLHC) last announced its earnings results 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 firm had revenue of $100.69 million during the quarter, compared to analysts’ expectations 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 company posted $0.12 earnings per share. Equities research analysts anticipate that DLH will post 0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wasatch Advisors LP boosted its stake in shares of DLH by 9.6% in the fourth quarter. Wasatch Advisors LP now owns 548,217 shares of the business services provider’s stock valued at $8,634,000 after purchasing an additional 47,866 shares during the period. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 3,627 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in DLH by 24.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 233,800 shares of the business services provider’s stock worth $2,469,000 after acquiring an additional 45,915 shares in the last quarter. Essex Investment Management Co. LLC grew its holdings in DLH by 1.4% during the 1st 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 in the last quarter. Finally, Victory Capital Management Inc. acquired a new position in DLH in the second quarter worth about $1,013,000. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of DLH from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 4th.

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).