0001251109-16-000043.txt : 20160513 0001251109-16-000043.hdr.sgml : 20160513 20160513101303 ACCESSION NUMBER: 0001251109-16-000043 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160331 FILED AS OF DATE: 20160513 DATE AS OF CHANGE: 20160513 EFFECTIVENESS DATE: 20160513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Minerva Advisors LLC CENTRAL INDEX KEY: 0001541536 IRS NUMBER: 753088079 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14665 FILM NUMBER: 161646405 BUSINESS ADDRESS: STREET 1: 50 MONUMENT ROAD STREET 2: SUITE 201 CITY: BALA CYNWYD STATE: PA ZIP: 19004 BUSINESS PHONE: (484) 434-2258 MAIL ADDRESS: STREET 1: 50 MONUMENT ROAD STREET 2: SUITE 201 CITY: BALA CYNWYD STATE: PA ZIP: 19004 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0001541536 XXXXXXXX 03-31-2016 03-31-2016 Minerva Advisors LLC
50 MONUMENT ROAD SUITE 201 BALA CYNWYD PA 19004
13F HOLDINGS REPORT 028-14665 Y In the Information Table, shares reported as "SOLE" under Column 6 and Column 8 are held by Minerva Group, LP, a private fund managed by Minerva Advisors LLC. Shares reported as "OTR" under Column 6 and "SHARED" under Column 8 relate to managed accounts for which Minerva Advisors LLC is the investment advisor.
Beth N. Lowson Attorney-In-Fact for David P. Cohen, President of Minerva 914-220-1919 Beth N. Lowson White Plains NY 05-13-2016 0 131 147348 false
INFORMATION TABLE 2 retyped1q2016completev2.xml MINERVA 13F Q1 2016 AEHR TEST SYSTEMS COM 00760J108 77 36800 SH OTR 0 36800 0 AEHR TEST SYSTEMS COM 00760J108 85 40602 SH SOLE 40602 0 0 AH BELO CORP COM CL A 001282102 1623 337504 SH OTR 0 337504 0 AH BELO CORP COM CL A 001282102 2330 484386 SH SOLE 484386 0 0 AMERISERV FINANC INC COM 03074A102 184 61700 SH OTR 0 61700 0 AMERISERV FINANC INC COM 03074A102 198 66300 SH SOLE 66300 0 0 ASML HOLDING N V NY REG SHS N07059210 1123 11187 SH OTR 0 11187 0 ASML HOLDING N V NY REG SHS N07059210 118 1176 SH SOLE 1176 0 0 ASTRONICS CORP COM 046433108 515 13508 SH OTR 0 13508 0 ASTRONICS CORP COM 046433108 762 19981 SH SOLE 19981 0 0 ATRION CORP COM 049904105 354 900 SH OTR 0 900 0 ATRION CORP COM 049904105 1083 2756 SH SOLE 2756 0 0 BENEFICIAL BANCORP INC COM 08171T102 39 2826 SH OTR 0 2826 0 BENEFICIAL BANCORP INC COM 08171T102 375 27405 SH SOLE 27405 0 0 CAMDEN NATIONAL CORP COM 133034108 3177 75651 SH OTR 0 75651 0 CAMDEN NATIONAL CORP COM 133034108 1688 40185 SH SOLE 40185 0 0 CECO ENVIRONMENTAL CORP COM 125141101 569 91686 SH OTR 0 91686 0 CECO ENVIRONMENTAL CORP COM 125141101 742 119525 SH SOLE 119525 0 0 CENTURY BANCORP INC MASS CL A NON VTG 156432106 1029 26450 SH OTR 0 26450 0 CENTURY BANCORP INC MASS CL A NON VTG 156432106 376 9663 SH SOLE 9663 0 0 CHASE CORP COM 16150R104 11549 219605 SH OTR 0 219605 0 CHASE CORP COM 16150R104 9292 176691 SH SOLE 176691 0 0 CHARTER FINL CORP MD COM 16122W108 671 50989 SH OTR 0 50989 0 CHARTER FINL CORP MD COM 16122W108 1167 88669 SH SOLE 88669 0 0 CHEMICAL FINANCIAL COM 163731102 526 14730 SH OTR 0 14730 0 CHEMICAL FINANCIAL COM 163731102 964 27005 SH SOLE 27005 0 0 CITIZENS & NORTHERN CORP COM 172922106 326 16400 SH OTR 0 16400 0 CITIZENS & NORTHERN CORP COM 172922106 527 26500 SH SOLE 26500 0 0 COMMAND SECURITY CORP COM 20050L100 9 4100 SH OTR 0 4100 0 COMMAND SECURITY CORP COM 20050L100 61 26450 SH SOLE 26450 0 0 COMMUNITY BANK SYS INC COM 203607106 641 16772 SH OTR 0 16772 0 COMMUNITY BANK SYS INC COM 203607107 1 27 SH SOLE 27 0 0 COMPUTER TASK GROUP INC COM 205477102 1779 348208 SH OTR 0 348208 0 COMPUTER TASK GROUP INC COM 205477102 3230 632179 SH SOLE 632179 0 0 COMPX INTERNATIONAL CL A 20563P101 46 4400 SH OTR 0 4400 0 COMPX INTERNATIONAL CL A 20563P101 78 7400 SH SOLE 7400 0 0 DAWSON GEOPHYSICAL CO NEW COM 239360100 671 146889 SH OTR 0 146889 0 DAWSON GEOPHYSICAL CO NEW COM 239360100 1023 223776 SH SOLE 223776 0 0 DELUXE CORP COM 248019101 2156 34500 SH OTR 0 34500 0 DELUXE CORP COM 248019101 550 8800 SH SOLE 8800 0 0 DONEGAL GROUP INC CL B 257701300 131 11450 SH OTR 0 11450 0 DONEGAL GROUP INC CL B 257701300 115 10056 SH SOLE 10056 0 0 DONEGAL GROUP INC CL A 257701201 355 24882 SH OTR 0 24882 0 DONEGAL GROUP INC CL A 257701201 47 3280 SH SOLE 3280 0 0 DORMAN PRODUCTS INC COM 258278100 1618 29760 SH OTR 0 29760 0 DORMAN PRODUCTS INC COM 258278100 864 15880 SH SOLE 15880 0 0 EAGLE BANCORP MONT INC COM 26942G100 102 8400 SH OTR 0 8400 0 EAGLE BANCORP MONT INC COM 26942G100 209 17198 SH SOLE 17198 0 0 EASTERN CO COM 276317104 2380 144929 SH OTR 0 144929 0 EASTERN CO COM 276317104 3657 222712 SH SOLE 222712 0 0 ECOLOGY & ENVRNMT INC CL A 278878103 319 31804 SH OTR 0 31804 0 ECOLOGY & ENVRNMT INC CL A 278878103 467 46470 SH SOLE 46470 0 0 EMCLAIRE FINANCIAL CORP COM 290828102 303 12824 SH OTR 0 12824 0 EMCLAIRE FINANCIAL CORP COM 290828102 60 2535 SH SOLE 2535 0 0 ESCALADE INC COM 296056104 2094 177952 SH OTR 0 177952 0 ESCALADE INC COM 296056104 1992 169270 SH SOLE 169270 0 0 FNB CORP COM 302520101 337 25881 SH OTR 0 25881 0 FNB CORP COM 302520101 919 70665 SH SOLE 70665 0 0 FIRST MERCHANTS CORP COM 320817109 133 5655 SH OTR 0 5655 0 FIRST MERCHANTS CORP COM 320817109 149 6305 SH SOLE 6305 0 0 FOSTER L B CO COM 350060109 1531 84643 SH OTR 0 84643 0 FOSTER L B CO COM 350060109 389 21489 SH SOLE 21489 0 0 GREAT LAKES DREDGE & DOCK CO COM 390607109 1468 329900 SH OTR 0 329900 0 GREAT LAKES DREDGE & DOCK CO COM 390607109 2204 495297 SH SOLE 495297 0 0 HORIZON BANCORP INDIANA COM 440407104 129 5218 SH OTR 0 5218 0 HORIZON BANCORP INDIANA COM 440407104 362 14661 SH SOLE 14661 0 0 IBERIABANK CORP COM 450828108 822 16035 SH OTR 0 16035 0 IBERIABANK CORP COM 450828108 506 9877 SH SOLE 9877 0 0 IMMUCELL CORP COM 452525306 38 5500 SH SOLE 0 5500 0 IMMUCELL CORP COM 452525306 62 9059 SH OTR 9059 0 0 INFUSYSTEM HLDGS INC COM 45685K102 2831 804352 SH OTR 0 804352 0 INFUSYSTEM HLDGS INC COM 45685K102 4515 1282712 SH SOLE 1282712 0 0 INVESTORS BANCORP INC NEW COM 46146L101 287 24711 SH OTR 0 24711 0 INVESTORS BANCORP INC NEW COM 46146L101 791 67990 SH SOLE 67990 0 0 JACKSONVILLE BANCORP INC MD COM 46924R106 298 11703 SH OTR 0 11703 0 JACKSONVILLE BANCORP INC MD COM 46924R106 496 19442 SH SOLE 19442 0 0 JOURNAL MEDIA GROUP INC CL A 48114A102 936 78235 SH OTR 0 78235 0 JOURNAL MEDIA GROUP INC CL A 48114A109 1296 108368 SH SOLE 108368 0 0 KAPSTONE PAPER & PACKAGING CORP COM 48562P103 3008 217199 SH OTR 0 217199 0 KAPSTONE PAPER & PACKAGING CORP COM 48562P103 4737 342050 SH SOLE 342050 0 0 KOSS CORP COM 500692108 80 38100 SH OTR 0 38100 0 KOSS CORP COM 500692108 168 79886 SH SOLE 79886 0 0 LAKE SHORE BANCORP INC COM 510700107 125 9400 SH OTR 0 9400 0 LAKE SHORE BANCORP INC COM 510700107 269 20269 SH SOLE 20269 0 0 MALVERN BANCORP INC COM 561409103 1922 120000 SH SOLE 120000 0 0 MAM SOFTWARE GROUP INC COM NEW 55277Q201 54 10330 SH SOLE 10330 0 0 MER TELEMANAGEMENT SOLUTIONS SHS M69676126 37 36651 SH OTR 0 36651 0 MER TELEMANAGEMENT SOLUTIONS SHS M69676126 188 185974 SH SOLE 185974 0 0 MUTUALFIRST FINL INC COM 62845B104 637 25260 SH OTR 0 25260 0 MUTUALFIRST FINL INC COM 62845B104 143 5666 SH SOLE 5666 0 0 NATIONAL PENN BANCSHARES INC COM 637138108 562 52742 SH OTR 0 52742 0 NATIONAL PENN BANCSHARES INC COM 637138108 455 42748 SH SOLE 42748 0 0 NAVIGATOR HOLDINGS LTD SHS Y62132108 2150 133122 SH OTR 0 133122 0 NAVIGATOR HOLDINGS LTD SHS Y62132108 4012 248412 SH SOLE 248412 0 0 NORTHWEST BANCSHARES INC MD COM 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SH OTR 0 643726 0 RAND LOGISTICS INC COM 752182105 1129 1172943 SH SOLE 1172943 0 0 SAGA COMMUNICATIONS INC CL A NEW 786598300 836 20872 SH OTR 0 20872 0 SAGA COMMUNICATIONS INC CL A NEW 786598300 1688 42125 SH SOLE 42125 0 0 SCRIPPS E W CO OHIO CL A NEW 811054402 3991 255980 SH OTR 0 255980 0 SCRIPPS E W CO OHIO CL A NEW 811054402 5629 361051 SH SOLE 361051 0 0 SIFCO INDUSTRIES INC COM 826546103 116 12500 SH OTR 0 12500 0 SIFCO INDUSTRIES INC COM 826546103 244 26318 SH SOLE 26318 0 0 STATE AUTO FINANCIAL CORP COM 855707105 291 13230 SH OTR 0 13230 0 STATE AUTO FINANCIAL CORP COM 855707105 536 24322 SH SOLE 24322 0 0 SYNALLOY CP DEL COM 871565107 97 12300 SH OTR 0 12300 0 SYNALLOY CP DEL COM 871565107 182 23000 SH SOLE 23000 0 0 TRANSCAT INC COM 893529107 1559 153794 SH OTR 0 153794 0 TRANSCAT INC COM 893529107 2636 259960 SH SOLE 259960 0 0 UNIVERSAL STAINLESS & ALLOY COM 913837100 1475 144767 SH OTR 0 144767 0 UNIVERSAL STAINLESS & ALLOY COM 913837100 2348 230453 SH SOLE 230453 0 0 US LIME & MINERAL COM 911922102 3655 60909 SH OTR 0 60909 0 US LIME & MINERAL COM 911922102 3982 66353 SH SOLE 66353 0 0 VILLAGE BANK & TRUST FIN CO COM 92705T200 398 21037 SH SOLE 21037 0 0 VIRCO MANUFACTURING CO COM 927651109 1356 440133 SH OTR 0 440133 0 VIRCO MANUFACTURING CO COM 927651109 1861 604315 SH SOLE 604315 0 0