DLH Holdings (DLHC): Mink Brook funds buy 10,000 shares, lift indirect stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mink Brook Asset Management LLC, a greater-than-10% owner of DLH Holdings Corp., reported open‑market purchases of a total of 10,000 shares of Common Stock on July 9–10, 2026. The shares were bought indirectly through Mink Brook Partners LP at weighted average prices of $5.13 and $5.09 per share, bringing that fund’s indirect holdings to 2,154,073 shares. The filing also reports 694,322 shares indirectly held by Mink Brook Opportunity Fund LP. Mink Brook Asset Management and its affiliated general partner disclaim beneficial ownership beyond their pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Mink Brook added a small amount to an already large DLH position.
Mink Brook Asset Management LLC, as investment manager for affiliated funds, reported net open‑market purchases of 10,000 DLH Holdings common shares at prices around $5.10 on July 9–10, 2026. These trades increased Mink Brook Partners LP’s stake to over 2.15 million shares, while Mink Brook Opportunity Fund LP holds another 694,322 shares indirectly attributed to the manager.
The filing includes standard language that Mink Brook Asset Management, its general partner, and an associated individual disclaim beneficial ownership beyond their pecuniary interest. No Rule 10b5‑1 trading plan is referenced, and there are no derivative positions listed, so this snapshot is limited to common‑stock holdings reported here.
Insider Trade Summary
Net Buyer: 10,000 shares ($51,084)
Net Buy
3 txns
Insider
Mink Brook Asset Management LLC
Role
10% Owner
Bought
10,000 shs ($51K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.001 per share ("Common Stock") | 5,000 | $5.0912 | $25K |
| Purchase | Common Stock, par value $0.001 per share ("Common Stock") | 5,000 | $5.1255 | $26K |
| holding | Common Stock, par value $0.001 per share ("Common Stock") | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.001 per share ("Common Stock") — 2,154,073 shares (Indirect, By Mink Brook Partners LP)
Footnotes (1)
- The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.07 to $5.15 inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares bought at each price. Represents securities owned directly by Mink Brook Partners LP (the "Fund"). As the investment manager of the Fund, Mink Brook Asset Management LLC may be deemed to beneficially own the securities owned directly by the Fund. Mink Brook Asset Management LLC, and the general partner for both funds, Mink Brook Capital GP LLC, disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that Mink Brook Asset Management LLC, Mink Brook Capital GP LLC or William Mueller as managing member of both, is the beneficial owner of any such shares for purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or for any other purpose. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.06 to $5.10 inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares bought at each price. Represents securities owned directly by Mink Brook Opportunity Fund LP (the "Fund"). As the investment manager of the Fund, Mink Brook Asset Management LLC may be deemed to beneficially own the securities owned directly by the Fund.
Key Figures
Shares purchased July 9–10 2026: 10,000 shares
Purchase price July 9 2026: $5.1255 per share
Purchase price July 10 2026: $5.0912 per share
+4 more
7 metrics
Shares purchased July 9–10 2026
10,000 shares
Total open-market purchases of DLH Holdings common stock reported for those dates
Purchase price July 9 2026
$5.1255 per share
Weighted average price for 5,000 DLH Holdings shares bought by Mink Brook Partners LP
Purchase price July 10 2026
$5.0912 per share
Weighted average price for 5,000 DLH Holdings shares bought by Mink Brook Partners LP
Holdings – Mink Brook Partners LP
2,154,073 shares
Indirect DLH Holdings common shares attributed to Mink Brook Asset Management after the trades
Holdings – Mink Brook Opportunity Fund LP
694,322 shares
Indirect DLH Holdings common shares held as of July 9, 2026
Price range F1 footnote
$5.07 to $5.15 per share
Range of individual trade prices underlying one weighted average purchase
Price range F4 footnote
$5.06 to $5.10 per share
Range of individual trade prices underlying the other weighted average purchase
Key Terms
weighted average price, beneficially own, pecuniary interest, indirect, +1 more
5 terms
weighted average price financial
"The price reported in column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficially own financial
"may be deemed to beneficially own the securities owned directly by the Fund."
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest"
indirect financial
"Represents securities owned directly by Mink Brook Partners LP ... reported as indirect ownership."
Section 16(a) regulatory
"for purposes of Section 16(a) of the Securities Exchange Act of 1934"
FAQ
What did Mink Brook Asset Management report in its latest Form 4 for DLHC?
Mink Brook Asset Management reported open‑market purchases of 10,000 DLH Holdings common shares on July 9–10, 2026, indirectly through Mink Brook Partners LP, at weighted average prices slightly above $5.10 per share.
Does Mink Brook Asset Management fully claim beneficial ownership of all reported DLHC shares?
No. The filing states Mink Brook Asset Management, its general partner, and a managing member disclaim beneficial ownership of the DLH Holdings shares reported, except to the extent of their pecuniary interest in the funds.
Were the DLHC trades by Mink Brook under a Rule 10b5-1 trading plan?
The Form 4 footnotes do not mention any Rule 10b5‑1 trading plan. The transactions are described as open‑market purchases, without reference to a pre‑arranged trading arrangement.