Mink Brook Asset Management LLC, which holds approximately 10% of DLH Holdings Corp. (NASDAQ:DLHC), has expanded its position through recent share acquisitions. The firm executed purchases totaling $21,169 across two trading days in late June 2026, acquiring shares at a uniform price of $5.50 each. The transactions were facilitated indirectly by Mink Brook Partners LP, a fund managed by the asset management firm.
On June 23, 2026, Mink Brook Partners LP acquired 110 shares of DLH Holdings common stock. The following day, June 24, the fund purchased an additional 3,739 shares. These acquisitions bring Mink Brook Partners LP's total holding in DLHC to 2,091,930 shares. Separately, Mink Brook Opportunity Fund LP, another fund under the same management umbrella, holds 694,322 shares of DLH Holdings common stock. Both funds are managed by Mink Brook Asset Management LLC, with Mink Brook Capital GP LLC serving as the general partner. The firm disclaims beneficial ownership of the reported shares except to the extent of its pecuniary interest.
The timing of these purchases is notable given the stock's recent trading range. DLHC was trading near its 52-week low of $5.41 at the time of the transactions, placing the purchase price just 2% above that level. According to InvestingPro analysis, DLHC currently appears overvalued relative to its Fair Value metric. However, analysts maintain a $10 price target for the stock, suggesting potential upside of 81% from current levels.
The insider activity follows DLH Holdings Corp.'s fiscal 2026 second-quarter earnings release, which fell short of consensus expectations. The company reported an earnings per share (EPS) of -$0.17, significantly below the expected -$0.08, representing a 112.5% negative surprise. Revenue also missed forecasts, reaching $59.3 million compared to the projected $65 million, marking an 8.77% miss.
Additionally, DLH Holdings amended its credit agreement with a syndicate of lenders. The amendment modifies the definitions of Consolidated EBITDA and Total Funded Debt. It includes adjustments for lease termination costs and restructuring charges, and excludes undrawn letters of credit from certain contracts. These developments highlight ongoing financial and strategic adjustments within the company.