Q1 2024 · 13F-HR
Minerva Advisors LLCholdings as filed
Filed 2024-05-14 · accession 0001462390-24-000039
$163.3M
Reported value
59
Positions
2024-03-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 913837100 | — | UNIVERSAL STAINLESS & ALLOY | $17.3M | 10.6% | 772,845 | Common | SOLE |
| 276317104 | EML | EASTERN CO | $16.4M | 10.0% | 488,594 | Common | SOLE |
| 927651109 | VIRC | VIRCO MANUFACTURING CO | $12.3M | 7.50% | 1,122,101 | Common | SOLE |
| 390607109 | GLDD | GREAT LAKES DREDGE & DOCK CO | $11.5M | 7.02% | 1,312,143 | Common | SOLE |
| 894650100 | TG | TREDEGAR CORP | $9.7M | 5.97% | 1,494,861 | Common | SOLE |
| 046433108 | ATRO | ASTRONICS CORP | $8.8M | 5.39% | 463,105 | Common | SOLE |
| 296056104 | ESCA | ESCALADE INC | $7.3M | 4.47% | 537,814 | Common | SOLE |
| 45685K102 | INFU | INFUSYSTEM HLDGS INC | $7.3M | 4.45% | 846,851 | Common | SOLE |
| 23335Q100 | DLHC | DLH HOLDINGS CORP | $6.7M | 4.07% | 505,581 | Common | SOLE |
| 786598300 | SGA | SAGA COMMUNICATIONS INC | $5.2M | 3.18% | 233,041 | Common | SOLE |
| Y62132108 | NVGS | NAVIGATOR HOLDINGS LTD | $5.1M | 3.13% | 332,612 | Common | SOLE |
| 886029206 | THRY | THRYV HOLDINGS IINC | $5.0M | 3.05% | 224,829 | Common | SOLE |
| 492854104 | KEQU | KEWAUNEE SCIENTIFIC CP | $4.9M | 2.99% | 144,582 | Common | SOLE |
| 904677200 | UFI | UNIFI INC | $3.5M | 2.13% | 581,993 | Common | SOLE |
| 70319R109 | PBHC | PATHFINDER BANCORP INC | $3.2M | 1.95% | 262,204 | Common | SOLE |
| 357023100 | RAIL | FREIGHTCAR AMERICA INC | $3.0M | 1.84% | 786,412 | Common | SOLE |
| 133034108 | CAC | CAMDEN NATIONAL CORP | $3.0M | 1.83% | 89,568 | Common | SOLE |
| 811054402 | SSP | SCRIPPS E W CO OHIO | $2.8M | 1.71% | 713,079 | Common | SOLE |
| 224633107 | CRD/B | CRAWFORD & CO CL B | $2.5M | 1.51% | 272,234 | Common | SOLE |
| 855668109 | — | STARRETT LS | $2.3M | 1.43% | 68,737 | Common | SOLE |
| 350060109 | FSTR | FOSTER L B CO | $2.2M | 1.33% | 79,798 | Common | SOLE |
| 65342T106 | NODK | NI HOLDINGS INC | $1.9M | 1.18% | 129,900 | Common | SOLE |
| 909214306 | UIS | UNISYS CORP | $1.7M | 1.04% | 345,347 | Common | SOLE |
| 21077F100 | CTGO | CONTANGO ORE INC | $1.4M | 0.85% | 70,147 | Common | SOLE |
| 258278100 | DORM | DORMAN PRODUCTS INC | $1.2M | 0.74% | 12,590 | Common | SOLE |
| 826546103 | SIF | SIFCO INDUSTRIES INC | $1.2M | 0.74% | 378,608 | Common | SOLE |
| 125141101 | CECO | CECO ENVIRONMENTAL CORP | $1.1M | 0.69% | 49,128 | Common | SOLE |
| 59540G107 | MPB | MID PENN BANCORP | $1.0M | 0.63% | 51,732 | Common | SOLE |
| 302520101 | FNB | FNB CORP | $903,458 | 0.55% | 64,075 | Common | SOLE |
| 174610105 | CFG | CITIZENS FINL GROUP INC | $855,664 | 0.52% | 23,585 | Common | SOLE |
| 92705T200 | — | VILLAGE BANK & TRUST FIN CO | $821,590 | 0.50% | 19,745 | Common | SOLE |
| 172922106 | CZNC | CITIZENS & NORTHERN CORP | $798,369 | 0.49% | 42,900 | Common | SOLE |
| 41165Y100 | 1S4 | HARBOR ONE BANCORP INC NEW | $769,761 | 0.47% | 72,414 | Common | SOLE |
| 257701201 | DGICA | DONEGAL GROUP INC | $656,439 | 0.40% | 46,490 | Common | SOLE |
| 197641103 | CLBK | COLUMBIA FINANCIAL | $581,595 | 0.36% | 33,794 | Common | SOLE |
| 31931U102 | FRBA | FIRST BANK WILLIAMSTOWN NJ | $563,247 | 0.34% | 41,143 | Common | SOLE |
| 871565107 | ACNT | ASCENT INDUSTRIES | $555,930 | 0.34% | 55,593 | Common | SOLE |
| 44931Q104 | — | ICC HOLDINGS INC | $533,538 | 0.33% | 33,367 | Common | SOLE |
| 840441109 | SSBUSD | SOUTH STATE CORP | $481,128 | 0.29% | 5,661 | Common | SHARED |
| 15486W100 | CPBI | CENTRAL PLAINS BANCSHARES INC | $460,626 | 0.28% | 45,071 | Common | SOLE |
| 440407104 | HBNC | HORIZON BANCORP INDIANA | $449,016 | 0.27% | 35,052 | Common | SOLE |
| 667340103 | NWBI | NORTHWEST BANCSHARES INC | $442,700 | 0.27% | 38,000 | Common | SOLE |
| 26828M106 | ECBK | ECB BANCORP INC | $417,832 | 0.26% | 32,365 | Common | SOLE |
| 174615104 | CZFS | CITIZENS FINL SVCS INC | $380,119 | 0.23% | 7,726 | Common | SOLE |
| 911922102 | USLM | US LIME & MINERAL | $371,488 | 0.23% | 1,250 | Common | SHARED |
| 669549107 | NWFL | NORWOOD FINANCIAL CORP | $366,514 | 0.22% | 13,681 | Common | SOLE |
| 319829107 | FCF | FIRST COMMONWEALTH FINANCIAL | $355,284 | 0.22% | 25,560 | Common | SOLE |
| 510700107 | — | LAKE SHORE BANCORP INC | $349,369 | 0.21% | 30,118 | Common | SOLE |
| 320817109 | FRME | FIRST MERCHANTS CORP | $344,144 | 0.21% | 9,875 | Common | SOLE |
| 76525P100 | RMBI | RICHMOND MUTUAL | $333,600 | 0.20% | 30,000 | Common | SOLE |
| 203607106 | CBU | COMMUNITY BANK SYS INC | $317,465 | 0.19% | 6,618 | Common | SHARED |
| 248019101 | DLX | DELUXE CORP | $286,201 | 0.18% | 13,900 | Common | SHARED |
| 26942G100 | EBMT | EAGLE BANCORP MONT INC | $270,898 | 0.17% | 21,098 | Common | SOLE |
| 33621E109 | FSFG | FIRST SAVINGS FINANCIAL GP INC | $266,187 | 0.16% | 16,221 | Common | SOLE |
| 69318V103 | PBBK | PB BANCSHARES INC | $263,168 | 0.16% | 20,560 | Common | SOLE |
| 257701300 | DGICB | DONEGAL GROUP INC | $227,664 | 0.14% | 17,856 | Common | SOLE |
| 74267C106 | PRA | PROASSURANCE CORP | $221,629 | 0.14% | 17,234 | Common | SOLE |
| 03074A102 | ASRV | AMERISERV FINANC INC | $150,156 | 0.09% | 58,200 | Common | SOLE |
| 36227K106 | — | GSE SYSTEMS INC | $148,280 | 0.09% | 63,914 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.