Insider Form 4: Mink Brook increases DLHC position to ~1.84M shares at $5.50
Rhea-AI Filing Summary
Mink Brook Asset Management LLC reported purchases of DLH Holdings Corp. (DLHC) common stock on August 25–27, 2025 at a weighted average price of $5.50 per share. The filing shows incremental purchases recorded as 336, 837 and 22 shares on the three dates, and the reporting table lists beneficial ownership after those transactions of 1,837,813, 1,838,650 and 1,838,672 shares respectively. The report states these shares are held indirectly through Mink Brook Partners LP and that Mink Brook Opportunity Fund LP beneficially owns 694,322 shares.
The filer clarifies that Mink Brook Asset Management acts as investment manager and may be deemed to beneficially own the funds' securities, while disclaiming beneficial ownership except to the extent of pecuniary interest. The Form 4 is signed by William Mueller on 08/27/2025.
Positive
- Open-market purchases disclosed at a clear weighted average price of $5.50, showing transparent accumulation activity
- Detailed beneficial ownership figures are provided: 1,838,672 shares reported beneficially owned after the last transaction
- Clear identification of indirect holdings through Mink Brook Partners LP and Mink Brook Opportunity Fund LP with accompanying disclaimers
Negative
- None.
Insights
TL;DR Small, disclosed purchases at $5.50 raised reported beneficial holdings to ~1.84 million shares, held indirectly via affiliated funds.
The transactions are routine open-market purchases aggregated across three dates, with a disclosed weighted average price of $5.50. The filing documents indirect ownership through two funds, and the manager explicitly disclaims beneficial ownership beyond pecuniary interest. For investors, the filing provides clear, audit-ready disclosure of incremental accumulation and current indirect holdings; there are no derivative positions disclosed on this Form 4.
TL;DR Filing complies with Section 16 disclosure norms and clarifies manager/fund relationships and disclaimers.
The Form 4 records timely purchases with an accompanying explanation that the asset manager may be deemed to own securities held by the funds while disclaiming broader beneficial ownership. The signature and remarks follow standard practice for investment-manager filings, providing necessary transparency on indirect holdings and the manager's stated legal position.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.001 per share ("Common Stock") | 22 | $5.50 | $121.00 |
| Purchase | Common Stock, par value $0.001 per share ("Common Stock") | 837 | $5.50 | $5K |
| Purchase | Common Stock, par value $0.001 per share ("Common Stock") | 336 | $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.
