0001462390-23-000032.txt : 20230810
0001462390-23-000032.hdr.sgml : 20230810
20230810105431
ACCESSION NUMBER: 0001462390-23-000032
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20230630
FILED AS OF DATE: 20230810
DATE AS OF CHANGE: 20230810
EFFECTIVENESS DATE: 20230810
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: 231157814
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
X0202
13F-HR
LIVE
false
true
false
0001541536
XXXXXXXX
06-30-2023
06-30-2023
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
212-335-2090
Beth N. Lowson
New York
NY
08-10-2023
0
122
144704
false
INFORMATION TABLE
2
minerva13f2023q2export.xml
MINERVA 13F 2Q 2023
AMERISERV FINANC INC
COM
03074A102
43
17000
SH
OTR
0
17000
0
AMERISERV FINANC INC
COM
03074A102
103
41200
SH
SOLE
41200
0
0
ASCENT INDUSTRIES
COM
871565107
111
12369
SH
OTR
0
12369
0
ASCENT INDUSTRIES
COM
871565107
432
48000
SH
SOLE
48000
0
0
ASTRONICS CORP
COM
046433108
2080
104925
SH
OTR
0
104925
0
ASTRONICS CORP
COM
046433108
7099
358180
SH
SOLE
358180
0
0
CAMDEN NATIONAL CORP
COM
133034108
1132
36568
SH
OTR
0
36568
0
CAMDEN NATIONAL CORP
COM
133034108
1641
53000
SH
SOLE
53000
0
0
CECO ENVIRONMENTAL CORP
COM
125141101
411
30758
SH
OTR
0
30758
0
CECO ENVIRONMENTAL CORP
COM
125141101
1293
96750
SH
SOLE
96750
0
0
CHASE CORP
COM
16150R104
3676
30329
SH
OTR
0
30329
0
CHASE CORP
COM
16150R104
9059
74733
SH
SOLE
74733
0
0
CITIZENS & NORTHERN CORP
COM
172922106
315
16400
SH
OTR
0
16400
0
CITIZENS & NORTHERN CORP
COM
172922106
510
26500
SH
SOLE
26500
0
0
CITIZENS FINL GROUP INC
COM
174610105
174
6656
SH
OTR
0
6656
0
CITIZENS FINL GROUP INC
COM
174610105
441
16929
SH
SOLE
16929
0
0
CITIZENS FINL SVCS INC
COM
174615104
575
7726
SH
SOLE
7726
0
0
COLUMBIA FINANCIAL
COM
197641103
584
33794
SH
SOLE
33794
0
0
COMMUNITY BANK SYS INC
COM
203607106
310
6618
SH
OTR
0
6618
0
COMPUTER TASK GROUP INC
COM
205477102
1924
252856
SH
OTR
0
252856
0
COMPUTER TASK GROUP INC
COM
205477102
7686
1010002
SH
SOLE
1010002
0
0
COMPX INTERNATIONAL
COM
20563P101
155
7097
SH
OTR
0
7097
0
COMPX INTERNATIONAL
COM
20563P101
452
20750
SH
SOLE
20750
0
0
CONTANGO ORE INC
COM
21077F100
284
11459
SH
OTR
0
11459
0
CONTANGO ORE INC
COM
21077F100
1455
58688
SH
SOLE
58688
0
0
CRAWFORD & CO CL B
COM
224633107
320
34735
SH
OTR
0
34735
0
CRAWFORD & CO CL B
COM
224633107
898
97606
SH
SOLE
97606
0
0
DALLASNEWS CORPORATION
COM
235050101
22
5648
SH
OTR
0
5648
0
DALLASNEWS CORPORATION
COM
235050101
39
10000
SH
SOLE
10000
0
0
DELTA APPAREL INC
COM
247368103
55
5300
SH
OTR
0
5300
0
DELTA APPAREL INC
COM
247368103
145
14053
SH
SOLE
14053
0
0
DELUXE CORP
COM
248019101
243
13900
SH
OTR
0
13900
0
DLH HOLDINGS CORP
COM
23335Q100
822
82013
SH
OTR
0
82013
0
DLH HOLDINGS CORP
COM
23335Q100
3521
351395
SH
SOLE
351395
0
0
DONEGAL GROUP INC
CL B
257701300
60
4500
SH
OTR
0
4500
0
DONEGAL GROUP INC
CL B
257701300
178
13356
SH
SOLE
13356
0
0
DONEGAL GROUP INC
CL A
257701201
329
22875
SH
OTR
0
22875
0
DONEGAL GROUP INC
CL A
257701201
340
23615
SH
SOLE
23615
0
0
DORMAN PRODUCTS INC
COM
258278100
676
8590
SH
OTR
0
8590
0
DORMAN PRODUCTS INC
COM
258278100
669
8500
SH
SOLE
8500
0
0
EAGLE BANCORP MONT INC
COM
26942G100
50
3900
SH
OTR
0
3900
0
EAGLE BANCORP MONT INC
COM
26942G100
222
17198
SH
SOLE
17198
0
0
EASTERN CO
COM
276317104
1676
95766
SH
OTR
0
95766
0
EASTERN CO
COM
276317104
5555
317410
SH
SOLE
317410
0
0
ESCALADE INC
COM
296056104
2269
170077
SH
OTR
0
170077
0
ESCALADE INC
COM
296056104
5115
383444
SH
SOLE
383444
0
0
FIRST COMMONWEALTH FINANCIAL
COM
319829107
80
6360
SH
OTR
0
6360
0
FIRST COMMONWEALTH FINANCIAL
COM
319829107
278
22000
SH
SOLE
22000
0
0
FIRST MERCHANTS CORP
COM
320817109
137
4875
SH
OTR
0
4875
0
FIRST MERCHANTS CORP
COM
320817109
141
5000
SH
SOLE
5000
0
0
FIRST SAVINGS FINANCIAL GP INC
COM
33621E109
74
5700
SH
OTR
0
5700
0
FIRST SAVINGS FINANCIAL GP INC
COM
33621E109
137
10521
SH
SOLE
10521
0
0
FNB CORP
COM
302520101
134
11690
SH
OTR
0
11690
0
FNB CORP
COM
302520101
599
52385
SH
SOLE
52385
0
0
FOSTER L B CO
COM
350060109
528
37424
SH
OTR
0
37424
0
FOSTER L B CO
COM
350060109
597
42374
SH
SOLE
42374
0
0
FREIGHTCAR AMERICA INC
COM
357023100
651
220684
SH
OTR
0
220684
0
FREIGHTCAR AMERICA INC
COM
357023100
1728
585728
SH
SOLE
585728
0
0
GREAT LAKES DREDGE & DOCK CO
COM
390607109
2240
275236
SH
OTR
0
275236
0
GREAT LAKES DREDGE & DOCK CO
COM
390607109
7595
933062
SH
SOLE
933062
0
0
GSE SYSTEMS INC
COM
36227K106
68
188656
SH
OTR
0
188656
0
GSE SYSTEMS INC
COM
36227K106
264
731998
SH
SOLE
731998
0
0
HORIZON BANCORP INDIANA
COM
440407104
73
7052
SH
OTR
0
7052
0
HORIZON BANCORP INDIANA
COM
440407104
291
28000
SH
SOLE
28000
0
0
ICC HOLDINGS INC
COM
44931Q104
133
8414
SH
OTR
0
8414
0
ICC HOLDINGS INC
COM
44931Q104
395
24953
SH
SOLE
24953
0
0
INFUSYSTEM HLDGS INC
COM
45685K102
1765
183884
SH
OTR
0
183884
0
INFUSYSTEM HLDGS INC
COM
45685K102
6364
662967
SH
SOLE
662967
0
0
KEWAUNEE SCIENTIFIC CP
COM
492854104
652
44316
SH
SOLE
0
44316
0
KEWAUNEE SCIENTIFIC CP
COM
492854104
1893
128603
SH
OTR
128603
0
0
LAKE SHORE BANCORP INC
COM
510700107
85
7870
SH
OTR
0
7870
0
LAKE SHORE BANCORP INC
COM
510700107
231
21474
SH
SOLE
21474
0
0
LUMOS PHARMA INC
COM
55028X109
43
13549
SH
OTR
0
13549
0
LUMOS PHARMA INC
COM
55028X109
41
13000
SH
SOLE
13000
0
0
MALVERN BANCORP INC
COM
561409103
80
5206
SH
SOLE
0
5206
0
MALVERN BANCORP INC
COM
561409103
742
48000
SH
OTR
48000
0
0
MID PENN BANCORP
COM
59540G107
275
12503
SH
OTR
0
12503
0
MID PENN BANCORP
COM
59540G107
864
39229
SH
SOLE
39229
0
0
MID SOUTHERN BANCORP
COM
59548Q107
116
8915
SH
OTR
0
8915
0
MID SOUTHERN BANCORP
COM
59548Q107
166
12791
SH
SOLE
12791
0
0
NAVIGATOR HOLDINGS LTD
COM
Y62132108
1026
78947
SH
OTR
0
78947
0
NAVIGATOR HOLDINGS LTD
COM
Y62132108
3451
265665
SH
SOLE
265665
0
0
NI HOLDINGS INC
COM
65342T106
434
29500
SH
OTR
0
29500
0
NI HOLDINGS INC
COM
65342T106
1478
100400
SH
SOLE
100400
0
0
NORTHWEST BANCSHARES INC
COM
667340103
403
38000
SH
SOLE
38000
0
0
NORWOOD FINANCIAL CORP
COM
669549107
139
4729
SH
OTR
0
4729
0
NORWOOD FINANCIAL CORP
COM
669549107
264
8952
SH
SOLE
8952
0
0
OCONEE FED FINL CORP
COM
675607105
162
11451
SH
SOLE
11451
0
0
PATHFINDER BANCORP INC
COM
70319R109
679
48699
SH
OTR
0
48699
0
PATHFINDER BANCORP INC
COM
70319R109
2898
207900
SH
SOLE
207900
0
0
PATRIOT TRANSPORTATION HOLDING
COM
70338W105
317
37874
SH
OTR
0
37874
0
PATRIOT TRANSPORTATION HOLDING
COM
70338W105
1486
177702
SH
SOLE
177702
0
0
PC TEL INC
COM
69325Q105
26
5400
SH
OTR
0
5400
0
PC TEL INC
COM
69325Q105
66
13843
SH
SOLE
13843
0
0
PROASSURANCE CORP
COM
74267C106
129
8534
SH
OTR
0
8534
0
PROASSURANCE CORP
COM
74267C106
131
8700
SH
SOLE
8700
0
0
RICHMOND MUTUAL
COM
76525P100
331
30000
SH
SOLE
30000
0
0
SAGA COMMUNICATIONS INC
CL A NEW
786598300
1102
52487
SH
OTR
0
52487
0
SAGA COMMUNICATIONS INC
CL A NEW
786598300
3198
152307
SH
SOLE
152307
0
0
SCRIPPS E W CO OHIO
CL A NEW
811054402
1139
124707
SH
OTR
0
124707
0
SCRIPPS E W CO OHIO
CL A NEW
811054402
3640
398700
SH
SOLE
398700
0
0
SIFCO INDUSTRIES INC
COM
826546103
226
76608
SH
OTR
0
76608
0
SIFCO INDUSTRIES INC
COM
826546103
909
308010
SH
SOLE
308010
0
0
SOUTH STATE CORP
COM
840441109
372
5661
SH
OTR
0
5661
0
STARRETT LS
COM
855668109
216
20737
SH
OTR
0
20737
0
STARRETT LS
COM
855668109
546
52500
SH
SOLE
52500
0
0
THRYV HOLDINGS IINC
COM
886029206
238
9703
SH
SOLE
0
9703
0
THRYV HOLDINGS IINC
COM
886029206
982
40000
SH
SOLE
40000
0
0
TREDEGAR CORP
COM
894650100
1209
181317
SH
OTR
0
181317
0
TREDEGAR CORP
COM
894650100
2788
417970
SH
SOLE
417970
0
0
UNIFI INC
COM
904677200
218
26990
SH
OTR
0
26990
0
UNIFI INC
COM
904677200
480
59439
SH
SOLE
59439
0
0
UNIVERSAL STAINLESS & ALLOY
COM
913837100
2171
155604
SH
OTR
0
155604
0
UNIVERSAL STAINLESS & ALLOY
COM
913837100
8130
582823
SH
SOLE
582823
0
0
US LIME & MINERAL
COM
911922102
1247
6011
SH
OTR
0
6011
0
US LIME & MINERAL
COM
911922102
2438
11751
SH
SOLE
11751
0
0
VILLAGE BANK & TRUST FIN CO
COM
92705T200
75
1798
SH
SOLE
0
1798
0
VILLAGE BANK & TRUST FIN CO
COM
92705T200
747
17947
SH
OTR
17947
0
0
VIRCO MANUFACTURING CO
COM
927651109
916
225685
SH
OTR
0
225685
0
VIRCO MANUFACTURING CO
COM
927651109
2990
736527
SH
SOLE
736527
0
0
WILLIAMS INDUSTRIAL SERVICES GROUP
COM
96951A104
158
426001
SH
OTR
0
426001
0
WILLIAMS INDUSTRIAL SERVICES GROUP
COM
96951A104
540
1459276
SH
SOLE
1459276
0
0