DLH Holdings (DLHC) 10% Owner Mink Brook Buys 700 Shares

What Happened
Mink Brook Asset Management LLC, disclosed as a 10% owner of DLH Holdings Corp. (DLHC), made two open-market purchases totaling 700 shares. On 2026-08-31 it acquired 500 shares at a reported weighted-average price of $4.40 (reported total $2,199). On 2026-09-01 it acquired 200 shares at a reported weighted-average price of $4.36 (reported total $872). Combined cash outlay reported: $3,071. These were purchases (buying stock), which some investors view as a more informative signal than routine sales.

Key Details

• Transaction dates and prices:
  • 2026-08-31: 500 shares, reported weighted-average $4.40 (footnote F1: actual trades ranged $4.325–$4.47).
  • 2026-09-01: 200 shares, reported weighted-average $4.36 (footnote F4: actual trades ranged $4.32–$4.43).
• Transaction type: P = Purchase (open market or private purchase).
• Total shares bought: 700; total reported cost: $3,071.
• Shares owned after transaction: Not specified in the provided data.
• Footnotes of note:
  • F2/F5: Shares are owned directly by two funds (Mink Brook Partners LP and Mink Brook Opportunity Fund LP); as investment manager, Mink Brook Asset Management may be deemed to beneficially own those fund-held shares.
  • F3: The manager and related GP disclaim beneficial ownership except to the extent of any pecuniary interest.
  • F1/F4: Reported prices are weighted averages from multiple trades; detailed per-trade prices are available upon request to the SEC issuer or security holders.
• Filing timeliness: Report filed 2026-09-01 for transactions on 2026-08-31—filed the next day and appears timely under typical Section 16 reporting rules.

Context
This filing reflects institutional buying by a 10% owner (an investment manager acting for funds), not an individual executive. Such purchases can indicate the funds increased their position, but the filing’s footnotes and disclaimers emphasize this is fund-owned stock and the manager’s beneficial ownership is limited to any pecuniary interest. No options, awards, gifts, or tax-withholding were reported in these transactions.