Insider Purchase Details

Mink Brook Asset Management LLC, a director and 10% owner of DLH Holdings Corp. (NASDAQ:DLHC), acquired additional shares of the company’s common stock totaling approximately $2,048 in two separate transactions during mid‑September 2026. On September 17, 2026, the firm bought 204 shares at a weighted‑average price of $3.956 per share, amounting to roughly $807. The following day, September 18, 2026, it purchased an additional 316 shares at a weighted‑average price of $3.9258 per share, totaling about $1,241. The securities are held indirectly through Mink Brook Partners LP and Mink Brook Opportunity Fund LP. While Mink Brook Asset Management, along with Mink Brook Capital GP LLC and William Mueller, disclaims beneficial ownership of the shares, they acknowledge a pecuniary interest to the extent of the holdings.

Stock Context

At the time of reporting, DLH Holdings was trading near its 52‑week low of $3.61, with the share price down roughly 31% over the preceding six months.

Third‑Quarter 2026 Financial Results

DLH Holdings reported a fiscal third‑quarter loss of $1.16 per share on revenue of $44.2 million, falling short of Wall Street expectations for an 11‑cent loss per share on $53 million of revenue. The shortfall was attributed to the company’s recent transition away from the VA CMOP program, which reduced revenue, and to restructuring costs incurred as the business shifted toward a smaller, more focused model.

Adjusted EBITDA for the quarter was $3.4 million, representing a 7.7% margin. Free cash flow reached $4.2 million. Total debt decreased to $128.7 million, reflecting a $4 million reduction from the prior quarter. Management indicated that cost‑scaling initiatives were largely complete and that the firm is now concentrating on organic growth. The technology‑powered solutions segment, excluding legacy VA CMOP work, generated $38 million in revenue, which management considers the new baseline for future operations.

Market Capitalisation

The company’s market capitalisation is approximately $56 million.