Insider Filing: Mink Brook Adds to DLHC Position; 1.84M Shares Indirectly Held
Rhea-AI Filing Summary
Mink Brook Asset Management LLC reported purchases of DLH Holdings Corp. (DLHC) common stock on 08/28/2025 and 08/29/2025. The Form 4 shows purchases of 446 shares on 08/28/2025 at a weighted average price of $5.50 and 181 shares on 08/29/2025 at $5.50. The filing reports indirect beneficial ownership of 1,839,118 and 1,839,299 shares held by Mink Brook Partners LP and indirect ownership of 694,322 shares held by Mink Brook Opportunity Fund LP, with Mink Brook Asset Management LLC identified as investment manager. The reporting person checked the box indicating a relationship as Director and 10% owner. The signature is by William Mueller dated 08/29/2025.
Positive
- Insider/affiliated manager purchases recorded on 08/28/2025 and 08/29/2025 at a weighted average price of $5.50, indicating incremental buying interest
- Substantial indirect holdings reported: 1,839,118–1,839,299 shares via Mink Brook Partners LP and 694,322 shares via Mink Brook Opportunity Fund LP
Negative
- None.
Insights
TL;DR: Modest open-market buys by an investment manager; existing indirect stakes exceed one million shares.
The Form 4 discloses small purchases executed on 08/28 and 08/29, 2025 at a weighted average price of $5.50 per share (446 and 181 shares respectively). More material is the reported indirect beneficial ownership: 1,839,118–1,839,299 shares via Mink Brook Partners LP and 694,322 shares via Mink Brook Opportunity Fund LP, reflecting sizeable aggregate positions managed by Mink Brook entities. Transactions appear to be open-market purchases rather than derivative exercises. For investors, the filing documents insider/aligned-manager incremental buying accompanied by substantial existing holdings.
TL;DR: Filing shows the investment manager as reporting person with large indirect holdings and minor incremental purchases.
The filing names Mink Brook Asset Management LLC as reporting person and indicates its role as investment manager to funds that directly own the shares. The disclosure includes a standard disclaimer about beneficial ownership. The form is properly signed by William Mueller. From a governance perspective, the filing documents compliance with Section 16 disclosure rules and records only routine small purchases in the context of much larger fund holdings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.001 per share ("Common Stock") | 181 | $5.50 | $995.50 |
| Purchase | Common Stock, par value $0.001 per share ("Common Stock") | 446 | $5.50 | $2K |
| holding | Common Stock, par value $0.001 per share ("Common Stock") | -- | -- | -- |
Footnotes (1)
- The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at a price of $5.50 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. 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.
