DLH Holdings Corp. (NASDAQ:DLHC) Short Interest Update

DLH Holdings Corp. (NASDAQ:DLHC) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 217,400 shares, an increase of 30.4% from the December 15th total of 166,700 shares. Based on an average daily volume of 50,300 shares, the short-interest ratio is presently 4.3 days. Currently, 1.8% of the company’s shares are sold short.

Insiders Place Their Bets

In other DLH news, CFO Kathryn M. Johnbull purchased 10,000 shares of DLH stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average cost of $7.76 per share, for a total transaction of $77,600.00. Following the completion of the acquisition, the chief financial officer now owns 528,687 shares in the company, valued at $4,102,611.12. This represents a 1.93 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 21.60% of the stock is owned by insiders.

Hedge Funds Weigh In On DLH

Hedge funds and other institutional investors have recently made changes to their positions in the company. Minerva Advisors LLC lifted its stake in DLH by 24.2% in the third quarter. Minerva Advisors LLC now owns 636,377 shares of the business services provider’s stock worth $5,950,000 after acquiring an additional 123,796 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of DLH during the 2nd quarter worth $1,013,000. Dimensional Fund Advisors LP boosted its position 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 valued at $2,469,000 after purchasing an additional 45,915 shares in the last quarter. Squarepoint Ops LLC purchased a new position in DLH in the second quarter valued at about $367,000. Finally, Bank of New York Mellon Corp raised its holdings in DLH by 160.2% in the second quarter. Bank of New York Mellon Corp now owns 37,238 shares of the business services provider’s stock worth $393,000 after purchasing an additional 22,928 shares in the last quarter. Institutional investors own 67.25% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded DLH from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th.

DLH Trading Down 0.3 %

DLHC stock traded down $0.02 during trading on Friday, hitting $7.92. The company had a trading volume of 18,413 shares, compared to its average volume of 41,799. The company has a 50 day simple moving average of $8.06 and a 200-day simple moving average of $9.30. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.25. DLH has a 52-week low of $7.34 and a 52-week high of $17.58. The firm has a market capitalization of $113.97 million, a P/E ratio of 15.53 and a beta of 1.18.

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).