Short Interest in DLH Holdings Corp. (NASDAQ:DLHC) Decreases By 22.1%

DLH Holdings Corp. (NASDAQ:DLHC – Get Rating) saw a significant decline in short interest in December. As of December 30th, there was short interest totalling 32,700 shares, a decline of 22.1% from the December 15th total of 42,000 shares. Based on an average daily volume of 30,300 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On DLH

Several institutional investors have recently added to or reduced their stakes in DLHC. UBS Group AG acquired a new position in DLH in the second quarter valued at $33,000. Victory Capital Management Inc. acquired a new position in DLH in the second quarter valued at $77,000. Denali Advisors LLC increased its stake in DLH by 16.1% in the second quarter. Denali Advisors LLC now owns 6,500 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 900 shares during the last quarter. Trexquant Investment LP acquired a new position in DLH in the third quarter valued at $123,000. Finally, Janney Montgomery Scott LLC increased its stake in DLH by 22.1% in the third quarter. Janney Montgomery Scott LLC now owns 13,108 shares of the business services provider’s stock valued at $161,000 after purchasing an additional 2,375 shares during the last quarter. 60.34% of the stock is currently owned by institutional investors and hedge funds.

DLH Stock Performance

NASDAQ DLHC opened at $11.23 on Friday. DLH has a fifty-two week low of $10.76 and a fifty-two week high of $19.74. The stock has a market cap of $146.52 million, a price-to-earnings ratio of 6.89 and a beta of 1.44. The business has a fifty day moving average of $12.55 and a 200-day moving average of $14.02. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.22.

DLH (NASDAQ:DLHC – Get Rating) last released its quarterly earnings results on Monday, December 5th. The business services provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). DLH had a return on equity of 22.31% and a net margin of 5.89%. The company had revenue of $67.23 million during the quarter, compared to analyst estimates of $67.00 million.

Analysts Set New Price Targets

Separately, StockNews.com downgraded DLH from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 7th.

About DLH

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DLH Holdings Corp. engages in the provision of technology enabled business process outsourcing program management solutions and public health research and analytics. It mainly focuses to improve and better deploy large-scale federal health and human service initiatives. The company was founded in 1969 and is headquartered in Atlanta, GA.