Who Owns DLH Holdings Company?

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Who Owns DLH Holdings Corp.?

DLH Holdings Corp.’s ownership structure is a key factor in its strategic decisions and market position. A significant event was the acquisition of Grove Resource Solutions in December 2022, which was partly financed with common stock, altering its financial and operational framework.

Understanding the ownership of DLH Holdings Corp. is crucial for grasping its business trajectory. The company has a history dating back to its 1969 incorporation as a payroll staffing firm, evolving into a prominent provider of technology-enabled health and human services solutions, predominantly for government clients.

As of August 2025, DLH is a Russell 2000 company with a workforce exceeding 2,400 employees. Its market capitalization stood at approximately $84.592 million on August 14, 2025. The company's expertise lies in areas such as research and development, systems engineering, data analytics, and program management, supporting critical government missions. For a deeper understanding of its operational environment, consider a DLH Holdings PESTEL Analysis.

DLH Holdings Corp., originally established in 1969 as TeamStaff, Inc. in New Jersey, began its journey as a payroll staffing company. The company's trajectory shifted significantly in early 2010 when it strategically pivoted to focus on government services, a move that included divesting its commercial business. While the identities of the original founders and their initial equity stakes are not publicly detailed, the company's current CEO, Zachary Parker, acquired DLH Holdings in 1997, marking a pivotal moment in its history and setting the course for its future as a government services contractor.

Company Origins

DLH Holdings Corp. commenced operations in 1969 under the name TeamStaff, Inc. Its initial business model centered on providing payroll staffing solutions.

Strategic Pivot

A significant strategic decision was made in early 2010 to reorient the company's focus. This involved a divestiture of its commercial operations to concentrate on government services.

Leadership Acquisition

The current CEO, Zachary Parker, acquired the company in 1997. This acquisition was instrumental in shaping the company's subsequent strategic direction.

Early Ownership Information

Specific details regarding the original founders, their backgrounds, and the initial equity distribution are not readily available in public records.

Lack of Early Investor Data

Information concerning early backers, angel investors, or friends and family who acquired initial stakes is not publicly disclosed.

Absence of Early Agreements

Public records do not contain details on early ownership disputes, vesting schedules, or buy-sell clauses.

The acquisition of DLH Holdings by Zachary Parker in 1997 marked a significant turning point, influencing the company's strategic evolution towards government contracting. This leadership change laid the groundwork for the company's future growth and specialization. Understanding the Growth Strategy of DLH Holdings provides further context on how this early ownership transition impacted its market positioning.

Key Ownership Milestone

Zachary Parker's acquisition of DLH Holdings in 1997 is a critical event in the company's history, directly influencing its strategic direction and operational focus.

• Company established in 1969 as TeamStaff, Inc.
• Initial business: payroll staffing.
• Strategic shift to government services in early 2010.
• CEO Zachary Parker acquired the company in 1997.

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DLH Holdings Corp. became a publicly traded entity in 2004 through its Initial Public Offering (IPO), which allowed for greater access to capital and increased market presence. The company's shares are traded on the Nasdaq Capital Market under the ticker symbol DLHC.

As of July 2025, institutional investors collectively own a substantial 68.72% of DLH Holdings Corp. stock, indicating a significant presence of investment firms in the company's ownership structure. Insiders hold a notable 42.23% stake, with mutual funds accounting for 14.82% of the shares. This distribution of DLH Holdings ownership highlights a blend of professional investment management and internal company control.

Key Stakeholders in DLH Holdings

Understanding who owns DLH Holdings is crucial for assessing its strategic direction and governance. Major institutional investors and key insiders significantly influence the company's operations.

• The Vanguard Group, Inc. held approximately 7.03% (1,011,476 shares) as of March 31, 2024.
• BlackRock Fund Advisors owned about 5.64% (811,422 shares) as of the same date.
• Dimensional Fund Advisors LP had a stake of approximately 5.03% (723,818 shares).
• Bernard J. Korman, a key insider, held 23.61% (2,916,587 shares) as of July 2025.
• Mr. Zachary C. Parker, another insider, owned 8.08% (998,719 shares) as of July 2025.
• Ms. Kathryn M. JohnBull, an insider, held 4.56% (562,911 shares) as of July 2025.
• Other significant institutional investors include Wynnefield Capital Inc., Mink Brook Asset Management LLC, Minerva Advisors LLC, Renaissance Technologies LLC, RBF Capital, LLC, and Perritt Capital Management Inc.
• The iShares Russell 2000 ETF is also a notable institutional investor.
• These ownership patterns can impact the DLH Holdings company structure and its approach to corporate governance, reflecting the broader DLH Holdings investors' interests. For more insights into the company's guiding principles, you can explore the Mission, Vision & Core Values of DLH Holdings.

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The governance of DLH Holdings Corp. is overseen by a Board of Directors, with each member serving a one-year term. The most recent election on March 13, 2025, saw seven directors appointed to the board, responsible for guiding the company's strategic direction and ensuring shareholder interests are met.

Voting power within DLH Holdings Corp. is primarily vested in its common stockholders, with each share of outstanding Common Stock granting one vote on all matters, including director elections and removals. This one-share-one-vote principle means that the influence of DLH Holdings shareholders directly correlates with the number of shares they hold. The Board of Directors has the flexibility to adjust its own size, and directors can be removed with a simple majority vote of the shares eligible to vote. As of July 2025, Bernard J. Korman is a significant shareholder, holding 23.61% of the company's stock. Publicly available information does not indicate the presence of dual-class shares, golden shares, or founder shares that would create unequal voting rights, suggesting a straightforward voting structure for DLH Holdings ownership.

Understanding Voting Power

Shareholder voting rights are fundamental to corporate governance. At DLH Holdings Inc., the structure ensures that each share of common stock carries equal weight in decision-making processes.

• One vote per share for all common stockholders.
• No cumulative voting rights are in place.
• Directors can be removed by a majority vote of voting shares.
• The Board of Directors determines its own size.
• No preferred stock is currently outstanding that alters voting rights.
• Understanding the Target Market of DLH Holdings can provide context on shareholder composition.

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Over the past few years, DLH Holdings Corp. has experienced significant shifts in its ownership structure and strategic focus. These changes reflect the company's efforts to enhance its market position and financial stability.

Institutional investors maintain a significant presence in DLH Holdings, holding 68.72% of the company's stock as of July 2025. Despite a slight decrease in mutual fund holdings from 18.95% to 15.85% in June 2025, overall institutional investment remains robust. Insider ownership has been consistent, standing at 42.23% in July 2025. An example of ongoing insider confidence is the acquisition of 4,730 shares by Mink Brook Asset Management LLC, a 10% owner, in August 2025. This activity underscores continued belief in the company's prospects, even amidst a reported revenue dip in Q2 FY2025 due to program shifts and government cost-saving measures. Management is optimistic, highlighting increased bid activity and a pipeline exceeding $1.0 billion, with a target of $4 billion for fiscal year 2025, emphasizing technology-driven solutions aligned with government priorities.

Institutional Investor Dominance

Institutional investors held 68.72% of DLH Holdings stock in July 2025. This indicates significant backing from large financial entities.

Insider Confidence

Insider ownership remained steady at 42.23% as of July 2025. Recent share purchases by a major stakeholder suggest continued internal belief in the company's future.

Strategic Acquisitions and Debt Management

The acquisition of Grove Resource Solutions for $185 million in December 2022 was a key strategic move. The company has also actively reduced its debt, reaching approximately $151.7 million by March 2025.

Future Growth Outlook

Despite short-term revenue challenges, DLH Holdings is focused on expanding its pipeline, aiming for $4 billion in fiscal year 2025. This growth is driven by technology-focused solutions and a strong bid pipeline.

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