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

DLH Holdings Corp. (NASDAQ:DLHC) was the recipient 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. Approximately 1.8% of the company’s shares are short sold. Based on an average daily volume of 59,100 shares, the short-interest ratio is currently 3.6 days.

DLH Stock Up 0.4 %

DLH stock opened at $9.47 on Monday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a 50 day moving average price of $10.42 and a 200 day moving average price of $11.17. DLH has a fifty-two week low of $9.43 and a fifty-two week high of $17.58. The company has a market capitalization of $134.79 million, a PE ratio of 45.10 and a beta of 1.15.

DLH (NASDAQ:DLHC) last issued its quarterly earnings data 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). DLH had a net margin of 0.62% and a return on equity of 7.03%. The firm had revenue of $100.69 million during the quarter, compared to analyst estimates of $103.00 million. During the same period in the previous year, the firm posted $0.12 earnings per share. Research analysts expect that DLH will post 0.46 earnings per share for the current year.

Institutional Trading of DLH

A number of institutional investors and hedge funds have recently bought and sold shares of DLHC. Essex Investment Management Co. LLC increased its position in shares of DLH by 1.4% during the first 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 during the period. Vanguard Group Inc. increased 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 purchasing an additional 3,627 shares during the period. Rhumbline Advisers acquired a new stake in DLH in the 2nd quarter valued at about $90,000. Hillsdale Investment Management Inc. purchased a new position in shares of DLH in the 1st quarter valued at about $169,000. Finally, Legato Capital Management LLC grew its position in shares of DLH by 48.0% during the second quarter. Legato Capital Management LLC now owns 57,973 shares of the business services provider’s stock worth $612,000 after buying an additional 18,809 shares in the last quarter. 67.25% of the stock is currently owned by hedge funds and other institutional investors.

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).