DLH Holdings Corp. (NASDAQ:DLHC) Short Interest Up 30.4% in December

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CFO Kathryn M. Johnbull bought 10,000 shares of the stock in a transaction on Tuesday, December 17th. The shares were acquired at an average price of $7.76 per share, for a total transaction of $77,600.00. Following the purchase, the chief financial officer now owns 528,687 shares of the company’s stock, valued at approximately $4,102,611.12. The trade was a 1.93 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 21.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DLH

A number of large investors have recently made changes to their positions in DLHC. Rhumbline Advisers purchased a new stake in shares of DLH in the 2nd quarter valued at $90,000. Barclays PLC raised its stake in shares of DLH by 299.3% during the 3rd quarter. Barclays PLC now owns 11,716 shares of the business services provider’s stock valued at $109,000 after buying an additional 8,782 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of DLH by 654.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,877 shares of the business services provider’s stock valued at $139,000 after buying an additional 12,906 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of DLH in the second quarter worth about $367,000. Finally, Bank of New York Mellon Corp grew its holdings in DLH by 160.2% during 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 acquiring an additional 22,928 shares during the period. 67.25% of the stock is owned by hedge funds and other institutional investors.

DLH Stock Down 0.3 %

NASDAQ:DLHC traded down $0.02 during mid-day trading on Friday, hitting $7.92. 18,413 shares of the company’s stock traded hands, compared to its average volume of 41,799. The company has a market capitalization of $113.97 million, a P/E ratio of 15.53 and a beta of 1.18. DLH has a twelve month low of $7.34 and a twelve month high of $17.58. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.99 and a current ratio of 0.99. The company has a fifty day moving average of $8.06 and a 200 day moving average of $9.30.

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).