DLH HLDGS CORP DLHC
COM · Common Stock · CUSIP 23335Q100
- SectorIndustrials
- IndustryServices-Help Supply Services
- HeadquartersAtlanta, GA
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 14.5m as of 2026-07-28, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $5.25. Options: 1 managers hold calls ($4.2k notional), 2 hold puts ($7.3k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 56 |
| Q4 2022 | 54 |
| Q1 2023 | 53 |
| Q2 2023 | 45 |
| Q3 2023 | 46 |
| Q4 2023 | 54 |
| Q1 2024 | 65 |
| Q2 2024 | 71 |
| Q3 2024 | 72 |
| Q4 2024 | 61 |
| Q1 2025 | 66 |
| Q2 2025 | 54 |
| Q3 2025 | 47 |
| Q4 2025 | 45 |
| Q1 2026 | 43 |
| Q2 2026 | 46 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 31 | 30 |
| Q4 2024 | 28 | 31 |
| Q1 2025 | 30 | 23 |
| Q2 2025 | 20 | 49 |
| Q3 2025 | 16 | 31 |
| Q4 2025 | 16 | 24 |
| Q1 2026 | 13 | 18 |
| Q2 2026 | 14 | 17 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $565 | $0 | 0.00 |
| Q1 2026 | $2.9k | $4.1k | 1.40 |
| Q2 2026 | $4.2k | $7.3k | 1.75 |
Biggest buyers
| Merit Financial Group, LLC | New | +252.4k |
| Mink Brook Asset Management LLC | Added | +138.5k |
| Anson Funds Management LP | New | +20.0k |
| GOLDMAN SACHS GROUP INC | New | +13.6k |
| BlackRock, Inc. | Added | +13.1k |
| VANGUARD FIDUCIARY TRUST CO | Added | +3.6k |
| Minerva Advisors LLC | Added | +3.3k |
| Tower Research Capital LLC (TRC) | New | +487 |
| DIMENSIONAL FUND ADVISORS LP | Added | +340 |
| OSAIC HOLDINGS, INC. | Added | +210 |
Biggest sellers
| CITADEL ADVISORS LLC | Reduced | -13.1k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Reduced | -13.0k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -11.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -10.2k |
| Proficio Capital Partners LLC | Reduced | -8.3k |
| MORGAN STANLEY | Reduced | -8.3k |
| LPL Financial LLC | Reduced | -6.2k |
| NORTHERN TRUST CORP | Reduced | -1.9k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -1.9k |
| VANGUARD CAPITAL MANAGEMENT LLC | Reduced | -1.3k |
Biggest calls
| GROUP ONE TRADING LLC | Added | $4.2k800 shares |
Biggest puts
| GROUP ONE TRADING LLC | Added | $6.8k1.3k shares |
| SIMPLEX TRADING, LLC | Unchanged | $525100 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Mink Brook Asset Management LLC 13G · passive investor +0.5 pts · filed 2026-10-27 | 19.9% |
| Minerva Advisors LLC 13G · passive investor filed 2026-02-17 | 7.7% |
Fell to 5% or below in the last year: Parker Zachary (4.0%, 2026-02-13)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 2 | $155.3k | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-28 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $20860 shares |
| 2026-09-24 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $22358 shares |
| 2026-09-23 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $388100 shares |
| 2026-09-22 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $1.2k301 shares |
| 2026-09-21 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $696174 shares |
| 2026-09-18 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $1.2k316 shares |
| 2026-09-17 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $808204 shares |
| 2026-09-16 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $3.9k1.0k shares |
| 2026-09-15 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $2.3k621 shares |
| 2026-09-14 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $2.8k730 shares |
| 2026-09-11 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $1.9k492 shares |
| 2026-09-10 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $871221 shares |
| 2026-09-09 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $3.9k1.0k shares |
| 2026-09-08 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $1.9k488 shares |
| 2026-09-04 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $3.6k870 shares |
| 2026-09-01 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $872200 shares |
| 2026-08-31 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $2.2k500 shares |
| 2026-08-28 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $2.2k500 shares |
| 2026-08-27 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $1.0k224 shares |
| 2026-08-26 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $2.2k500 shares |
| 2026-08-25 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $949209 shares |
| 2026-08-24 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $18641 shares |
| 2026-08-21 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $35979 shares |
| 2026-08-20 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $31870 shares |
| 2026-08-19 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $2.2k493 shares |
| 2026-08-18 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $4.5k1.0k shares |
| 2026-08-17 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $4.5k1.0k shares |
| 2026-08-13 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $2.3k471 shares |
| 2026-08-12 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $2.4k500 shares |
| 2026-08-11 | Mink Brook Asset Management LLC 10% owner · By Mink Brook Partners LP | Bought | $2.4k500 shares |
The latest 30 of 69 trades.
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| WYNNEFIELD CAPITAL INC 13.29% of their portfolio | 3.7m $19.3m | Unchanged |
| Mink Brook Asset Management LLC 6.53% of their portfolio | 2.8m $14.8m | Added +138.5k |
| Minerva Advisors LLC 3.70% of their portfolio | 1.1m $5.9m | Added +3.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 440.1k $2.3m | Reduced -1.3k |
| Merit Financial Group, LLC 0.01% of their portfolio | 252.4k $1.3m | New |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 247.5k $1.3m | Added +340 |
| RBF Capital, LLC 0.05% of their portfolio | 220.0k $1.2m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 181.9k $954.8k | Reduced -11.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 136.6k $717.5k | Reduced -1.9k |
| North Star Investment Management Corp. 0.04% of their portfolio | 135.0k $708.8k | Unchanged |
| US BANCORP \DE\ 0.00% of their portfolio | 114.5k $601.3k | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 85.3k $447.6k | Added +13.1k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 69.5k $364.9k | Added +3.6k |
| STATE STREET CORP 0.00% of their portfolio | 59.6k $312.9k | Unchanged |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 50.2k $263.3k | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 36.9k $193.7k | Reduced -8.3k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 36.1k $189.4k | Reduced -13.1k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 35.3k $185.3k | Reduced -13.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 34.3k $180.1k | Reduced -1.9k |
| Proficio Capital Partners LLC 0.01% of their portfolio | 30.0k $157.5k | Reduced -8.3k |
| Rothschild Wealth LLC 0.01% of their portfolio | 29.2k $153.3k | Unchanged |
| Anson Funds Management LP 0.01% of their portfolio | 20.0k $105.1k | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 13.6k $71.5k | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 11.7k $61.6k | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 11.0k $57.8k | Reduced -6.2k |
| FMR LLC 0.00% of their portfolio | 8.8k $46.2k | Reduced -37 |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 3.6k $19.1k | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 2.9k $15.0k | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 2.6k $13.8k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 1.8k $9.6k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 1.1k $5.9k | Added +210 |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 1.1k $5.7k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 735 $3.9k | Reduced -484 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 487 $2.6k | New |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 224 $1.2k | Unchanged |
| Private Wealth Management Group, LLC 0.00% of their portfolio | 160 $840 | Reduced -23 |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 114 $598 | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 104 $551 | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 50 $263 | New |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 47 $247 | Unchanged |
| SHP Wealth Management 0.00% of their portfolio | 25 $131 | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 13 $0 | Reduced -530 |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 5 $26 | Unchanged |
| Arax Advisory Partners 0.00% of their portfolio | 2 $10 | New |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 2 $11 | New |
| Essential Partners LLC 0.00% of their portfolio | 2 $11 | Unchanged |