DLH Holdings Corp. (NASDAQ:DLHC) Shares Shorted: Short Interest Down 34.9% in October

DLH Holdings Corp. (NASDAQ:DLHC) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 42,648 shares, a decline of 34.9% from the September 30th total of 65,558 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 12,181 shares, the short-interest ratio is currently 3.5 days.

DLH Stock Performance

DLHC opened at $3.63 on Monday. The company has a market capitalization of $52.61 million, a price-to-earnings ratio of -2.45 and a beta of 1.52. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.67 and a quick ratio of 0.67. DLH has a 1-year low of $3.38 and a 1-year high of $8.10. The business has a 50 day moving average price of $3.98 and a two-hundred day moving average price of $5.17.

Analyst Ratings Changes

A number of research firms have recently weighed in on DLHC. Noble Financial reaffirmed an “outperform” rating on shares of DLH in a report on Friday, July 31st. Zacks Research raised DLH from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 29th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of DLH in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, DLH has a consensus rating of “Hold”.

Insider Transactions at DLH

In other news, major shareholder Mink Brook Asset Management Ll bought 199,099 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was purchased at an average price of $3.70 per share, for a total transaction of $736,666.30. Following the transaction, the insider owned 893,421 shares in the company, valued at approximately $3,305,657.70. This trade represents a 28.68% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have bought 218,116 shares of company stock worth $821,361. Insiders own 12.80% of the company’s stock.

Institutional Trading of DLH

An institutional investor recently bought a new stake in DLH stock. Bank of New York Mellon Corp bought a new stake in shares of DLH Holdings Corp. (NASDAQ:DLHC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,738 shares of the business services provider’s stock, valued at approximately $62,000. Bank of New York Mellon Corp owned approximately 0.08% of DLH as of its most recent SEC filing. Institutional investors and hedge funds own 67.25% of the company’s stock.

DLH Company Profile

DLH Holdings Corp. (NASDAQ: DLHC) provides healthcare, logistics and human services solutions primarily to the U.S. federal government. The company supports agencies and programs in areas such as public health, clinical research, population health, behavioral health, medical readiness and healthcare delivery.

DLH’s services include program management, health and human services support, data and analytics, information technology, medical logistics and supply-chain management. Its work supports federal healthcare and research programs, as well as military and veteran health initiatives, including activities associated with the Department of Veterans Affairs, the Department of Defense and agencies within the Department of Health and Human Services.

The company serves customers throughout the United States and may support government operations in deployed or other specialized environments.