SCHEDULE: Minerva Advisors Discloses 7.7% Stake in DLH Holdings

Minerva Advisors LLC and David P. Cohen have reported a combined beneficial ownership of 7.7% in DLH Holdings Corp. common stock.

Summary

• Minerva Advisors LLC and David P. Cohen collectively beneficially own 1,113,057 shares of DLH Holdings Corp. common stock.
• This aggregate ownership represents 7.7% of the outstanding common stock of DLH Holdings Corp.
• Minerva Group, LP, Minerva GP, LP, and Minerva GP, Inc. each beneficially own 675,434 shares, representing 4.7% of the outstanding common stock.
• The beneficial ownership is based on 14,493,035 shares of DLH Holdings Corp. Common Stock outstanding as of February 6, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the period ended December 31, 2025.
• The filing certifies that the securities were not acquired and are not held for the purpose of changing or influencing the control of the issuer, other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It is a standard regulatory disclosure of beneficial ownership and does not contain operational or financial performance information to indicate a positive or negative sentiment.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures of significant passive ownership stakes, indicating an institutional investor has crossed a 5% ownership threshold. This particular filing highlights Minerva Advisors' continued interest in DLH Holdings Corp., a government services provider, which can be a stable sector for long-term investors.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant institutional ownership, potentially signaling confidence from a notable investment advisor.

Key Dates

Keywords

DLH Holdings Corp., Minerva Advisors LLC, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Ownership, Investment Adviser