Mink Brook Asset Management LLC has increased its position in DLH Holdings Corp. (NASDAQ: DLHC) through a series of recent share purchases. As a 10% owner of the company, the firm acquired $51,083 worth of common stock over a two-day period. The weighted average purchase prices for these transactions ranged between $5.0912 and $5.1255 per share. This insider buying activity takes place as DLHC trades near its 52-week low of $5.05, with the stock down roughly 10% year-to-date. According to InvestingPro analysis, the stock currently trades near its Fair Value, with the platform highlighting a strong free cash flow yield among eight additional ProTips available to subscribers.
According to a Form 4 filing with the Securities and Exchange Commission, Mink Brook Asset Management, acting as the investment manager for Mink Brook Partners LP, made two separate acquisitions of common stock. On July 9, 2026, Mink Brook Partners LP purchased 5,000 shares of DLH Holdings common stock. The shares were acquired at a weighted average price of $5.1255 per share, with individual transaction prices ranging from $5.07 to $5.15. Following this acquisition, Mink Brook Partners LP indirectly held 2,149,073 shares.
The following day, July 10, 2026, an additional 5,000 shares of common stock were purchased by Mink Brook Partners LP. These shares were acquired at a weighted average price of $5.0912 per share, with individual transaction prices ranging from $5.06 to $5.10. After this transaction, Mink Brook Partners LP’s indirect holdings increased to 2,154,073 shares. Mink Brook Asset Management LLC disclaims beneficial ownership of the reported shares except to the extent of its pecuniary interest, as stated in the filing. The filing also noted that Mink Brook Opportunity Fund LP indirectly owns 694,322 shares of DLH Holdings common stock.
In other recent news, DLH Holdings Corp. announced significant leadership changes, with Kathryn JohnBull appointed as the new CEO and President, succeeding Zach Parker, who retired after 16 years. Steve Oroho has been named Chief Financial Officer and Treasurer. The company also secured a notable contract with the U.S. Navy, valued at up to $250 million, to provide logistics information technology services. This multiple-award indefinite delivery/indefinite quantity contract has a base period of five years and is administered by the Naval Air Systems Command.
Additionally, DLH Holdings amended its credit agreement, adjusting financial covenants to include new definitions for Consolidated EBITDA and Total Funded Debt. The updated terms now consider losses and expenses related to lease termination and restructuring charges within fiscal quarters ending in 2026. The amendment also allows for the addition of up to $3 million of pro forma consolidated net income from significant contract awards to EBITDA. These developments highlight DLH Holdings’ ongoing strategic adjustments and growth initiatives.