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
667340103
608
45000
SH
OTR
0
45000
0
NORTHWEST BANCSHARES INC MD
COM
667340103
387
28625
SH
SOLE
28625
0
0
NORWOOD FINANCIAL CORP
COM
669549107
163
5973
SH
OTR
0
5973
0
NORWOOD FINANCIAL CORP
COM
669549107
239
8764
SH
SOLE
8764
0
0
OCONEE FED FINL CORP
COM
675607105
212
11451
SH
OTR
0
11451
0
OCONEE FED FINL CORP
COM
675607105
212
11451
SH
SOLE
11451
0
0
ONVIA INC
COM NEW
68338T403
541
154500
SH
OTR
0
154500
0
ONVIA INC
COM NEW
68338T403
1048
299553
SH
SOLE
299553
0
0
PATHFINDER BANCORP INC
COM
70319R109
611
55437
SH
OTR
0
55437
0
PATHFINDER BANCORP INC
COM
70319R109
1145
103937
SH
SOLE
103937
0
0
PB BANCORP INC
COM
70454T100
101
12046
SH
OTR
0
12046
0
PB BANCORP INC
COM
70454T100
157
18747
SH
SOLE
18747
0
0
PROASSURANCE CORP
COM
74267C106
974
19244
SH
OTR
0
19244
0
PROASSURANCE CORP
COM
74267C106
461
9114
SH
SOLE
9114
0
0
PROV & WOR RAILRD CO
COM
743737108
367
25500
SH
OTR
0
25500
0
PROV & WOR RAILRD CO
COM
743737108
22
1500
SH
SOLE
1500
0
0
RAND LOGISTICS INC
COM
752182105
618
643726
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