Form 4: Mink Brook Asset Management Increases Stake in DLH Holdings Corp. Through Recent Share Purchases

Mink Brook Asset Management LLC, a 10% owner of DLH Holdings Corp. (DLHC), has increased its beneficial ownership through two recent share purchase transactions in June 2025.

Summary

• Mink Brook Asset Management LLC, identified as a 10% owner of DLH Holdings Corp. (DLHC), reported two separate purchases of Common Stock.
• On June 18, 2025, 18,535 shares of Common Stock were acquired at a weighted average price of $5.448 per share, with prices ranging from $5.32 to $5.50.
• Following this transaction, Mink Brook Partners LP, managed by Mink Brook Asset Management LLC, beneficially owned 1,602,339 shares.
• On June 20, 2025, an additional 5,776 shares of Common Stock were purchased at a weighted average price of $5.4692 per share, with prices ranging from $5.45 to $5.50.
• After the second transaction, Mink Brook Partners LP's beneficial ownership increased to 1,608,115 shares.
• Additionally, Mink Brook Opportunity Fund LP, also managed by Mink Brook Asset Management LLC, beneficially owns 694,322 shares of Common Stock.
• The total beneficial ownership across both funds managed by Mink Brook Asset Management LLC is 2,302,437 shares of DLH Holdings Corp. Common Stock.
• Mink Brook Asset Management LLC and Mink Brook Capital GP LLC disclaim beneficial ownership of the reported shares except to the extent of their pecuniary interest.

Sentiment

Score: 8

Explanation: The sentiment is positive due to a significant 10% owner increasing their stake in the company, which typically signals confidence in future performance.

Positives

• A significant 10% owner, Mink Brook Asset Management LLC, has increased its stake in DLH Holdings Corp., signaling confidence in the company's future prospects.
• The purchases were made at prices ranging from $5.32 to $5.50, indicating a belief in value at these levels.

Risks

• Mink Brook Asset Management LLC and Mink Brook Capital GP LLC disclaim beneficial ownership of the shares reported except to the extent of their pecuniary interest, which is a standard legal disclaimer but highlights the indirect nature of the ownership.

Future Outlook

NA

Industry Context

This filing indicates a significant institutional investor's increased commitment to DLH Holdings Corp., which can be viewed positively within the broader market as a sign of confidence, especially in the context of the company's specific industry (likely government services or IT, given DLHC's typical operations).

Stakeholder Impact

• Shareholders: Increased confidence due to a significant institutional investor's increased stake, potentially leading to positive share price movement.
• Company Management: May view the increased ownership as a vote of confidence in their strategy and operations.

Key Dates

Recommendation

Keywords

DLH Holdings Corp., DLHC, Mink Brook Asset Management LLC, Insider Buying, Form 4, Beneficial Ownership, Share Purchase, Investment Management, 10% Owner