Mink Brook asset management, 10% owner, rebalances $736,666 in DLH stock
Mink Brook asset management, 10% owner, rebalances $736,666 in DLH stock
Mink Brook Asset Management LLC, a 10% owner and director of DLH Holdings Corp. (NASDAQ:DLHC), recently rebalanced its holdings of the company’s common stock through internal transfers totaling approximately $736,666. The transactions, dated October 1, 2026, involved no open market purchases or sales, according to a Form 4 filing with the Securities and Exchange Commission.
The investment manager disposed of 199,099 shares of DLH Holdings common stock, held indirectly by Mink Brook Partners LP, at a price of $3.70 per share, amounting to a total value of $736,666. Concurrently, Mink Brook Asset Management LLC acquired 199,099 shares of common stock, held indirectly by Mink Brook Opportunity Fund LP, also at $3.70 per share, for a total value of $736,666. The stock currently trades at $3.95, up from the $3.70 transfer price, though shares have declined 8.4% over the past week and nearly 38% over the last six months.
These transactions represent a rebalancing between funds managed by Mink Brook Asset Management LLC. Following these transfers, Mink Brook Partners LP beneficially owns 1,988,583 shares, while Mink Brook Opportunity Fund LP beneficially owns 893,421 shares. Mink Brook Asset Management LLC, and its general partner Mink Brook Capital GP LLC, disclaim beneficial ownership of the reported shares except to the extent of their pecuniary interest. The company, with a market cap of $57.25 million, faces profitability challenges with a negative EPS of $1.49 over the last twelve months. For deeper insights into DLHC’s financial health and future prospects, investors can access the comprehensive Pro Research Report available on InvestingPro, one of 1,400+ US equities covered.
In other recent news, DLH Holdings Corp. reported disappointing fiscal third-quarter results, missing both earnings and revenue estimates. The company posted a loss of $1.16 per share on revenue of $44.2 million, which fell short of Wall Street’s expectations of an 11-cent loss per share on $53 million in sales. This shortfall occurred as DLH Holdings completed a significant transition away from its VA CMOP program and incurred restructuring costs. Despite these challenges, the company managed to reduce its debt to $128.7 million, a $4 million decrease from the previous quarter. Adjusted EBITDA stood at $3.4 million with a 7.7% margin, and free cash flow reached $4.2 million. Management noted that cost-scaling efforts are largely complete, with a renewed focus on organic growth moving forward. The company’s technology-powered solutions business generated $38 million in revenue, which is expected to serve as the new baseline for its future business model.