0000903064-11-000014.txt : 20110729 0000903064-11-000014.hdr.sgml : 20110729 20110729111623 ACCESSION NUMBER: 0000903064-11-000014 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110630 FILED AS OF DATE: 20110729 DATE AS OF CHANGE: 20110729 EFFECTIVENESS DATE: 20110729 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GRACE & WHITE INC /NY CENTRAL INDEX KEY: 0000903064 IRS NUMBER: 132884675 STATE OF INCORPORATION: NY FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-04415 FILM NUMBER: 11996045 BUSINESS ADDRESS: STREET 1: 515 MADISON AVE STREET 2: SUITE 1700 CITY: NY STATE: NY ZIP: 10022 BUSINESS PHONE: 2129355990 MAIL ADDRESS: STREET 1: 515 MADISON AVE STREET 2: SUITE 1700 CITY: NY STATE: NY ZIP: 10022 13F-HR 1 sec13f2q11.txt GRACE & WHITE, INC 13F 6/30/11 UNTIED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 205049 FORM 13F FORM 13F COVER PAGE REPORT FOR THE QUARTER ENDED JUNE 30, 2011 INSTITUTIONAL INVESTMENT MANAGER FILING THE REPORT: GRACE & WHITE, INC. 515 MADISON AVE. SUITE 1700 NEW YORK, N.Y. 10022 13F FILE NUMBER SEC13F2Q11.TXT The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing the Report on Behalf of Reporting Manager: MARC E. RAVITZ, CFA EXECUTIVE VICE PRESIDENT 212-935-5990 S/MARC E. RAVITZ NY, NY 7/29/11 13F HOLDINGS REPORT I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCANGE ACT OF 1934. GRACE & WHITE, INC. FORM 13F SUMMARY PAGE AS OF DATE: 06/30/11 REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 FORM 13F INFORMATION TABLE ENTRY TOTAL: 170 FORM 13F INFORMATION TABLE VALUE TOTAL: $458,396,000 LIST OF OTHER INCLUDED MANAGERS: NO. 13F FILE NUMBER NAME GRACE & WHITE, INC. FORM 13F INFORMATION TABLE AS OF DATE: 6/30/11 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ABERDEEN ASSET MGMT PLC UK ORD COM G00434111 37 10250 SH SOLE 0 0 10250 AEGON N V PFD PER 6.875% PREFERRED STOCKS N00927306 223 9300 SH SOLE 4100 0 5200 ALAMO GROUP INC COM COM 011311107 1833 77327 SH SOLE 5000 0 72327 ALLIANCE BANKSHARES CORP COM COM 018535104 1775 362258 SH SOLE 38303 0 323955 ALLIANT CORP COM COM 018802108 13025 320348 SH SOLE 68169 0 252179 ALLIANT CORP COM COM 018802108 65 1600 SH OTHER 0 0 1600 ALLSTATE CORP COM 020002101 479 15690 SH SOLE 0 0 15690 ALTERRA CAPITAL HOLDINGS LTD COM G0229R108 9207 412884 SH SOLE 45070 0 367814 AMERICAN WOODMARK CORP COM COM 030506109 3395 196008 SH SOLE 22115 0 173893 AMR CORP DEL COM COM 001765106 60 11200 SH SOLE 0 0 11200 APPLIED INDL TECHNLGIES INC CO COM 03820C105 12188 342262 SH SOLE 32025 0 310237 ARGO GROUP INTL HLDGS LTD COM COM G0464B107 4364 146831 SH SOLE 12110 0 134721 ASIA FINANCIAL HOLDINGS LTD SH COM G0532X107 4538 10602915 SH SOLE 1690586 0 8912329 ASTRO-MED INC NEW COM COM 04638F108 1000 122136 SH SOLE 62300 0 59836 ATMOS ENERGY CORP COM COM 049560105 4909 147650 SH SOLE 29300 0 118350 BANG & OLUFSEN HLG ORD B COM K07774126 1557 119412 SH SOLE 47556 0 71856 BASSETT FURNITURE INDS INC COM COM 070203104 3444 437089 SH SOLE 78531 0 358558 BASSETT FURNITURE INDS INC COM COM 070203104 18 2300 SH OTHER 0 0 2300 BCSB BANCORP INC COM COM 055367106 241 17534 SH SOLE 9397 0 8137 BERKLEY W R CORP COM COM 084423102 896 27622 SH SOLE 0 0 27622 BOEING CO COM 097023105 3778 51100 SH SOLE 20000 0 31100 BP AMOCO ADS COM 055622104 214 4841 SH SOLE 0 0 4841 BRISTOL MYERS SQUIBB CO COM 110122108 1712 59126 SH SOLE 21400 0 37726 BROADWAY FINL CORP DEL COM COM 111444105 110 49890 SH SOLE 2700 0 47190 BRUNSWICK BANCORP INC COM COM 117030106 155 25816 SH SOLE 25816 0 0 CALLAWAY GOLF CO COM COM 131193104 7303 1174052 SH SOLE 174000 0 1000052 CALLAWAY GOLF CO COM COM 131193104 17 2800 SH OTHER 0 0 2800 CAPITAL SOUTHWEST CORP COM COM 140501107 3009 32615 SH SOLE 300 0 32315 CARROLLTON BANCORP COM COM 145282109 91 25070 SH SOLE 5800 0 19270 CASTLE A M & CO COM 148411101 5409 325639 SH SOLE 6800 0 318839 CFS BANCORP INC COM COM 12525D102 1857 345864 SH SOLE 98651 0 247213 CFS BANCORP INC COM COM 12525D102 27 5000 SH OTHER 0 0 5000 CHUBB CORP COM 171232101 1215 19400 SH SOLE 0 0 19400 CHUBU NIPPON BROADCAST CO LTSH COM J06594105 2693 452037 SH SOLE 31000 0 421037 CIMAREX ENERGY CO COM COM 171798101 3440 38258 SH SOLE 3100 0 35158 CLIFTON SVGS BANCORP INC COM COM 18712Q103 2935 265869 SH SOLE 70521 0 195348 COCA COLA CO COM COM 191216100 1133 16833 SH SOLE 13300 0 3533 COLONIAL FINANCIAL SERVICES COM 19566B101 4083 320238 SH SOLE 48086 0 272152 CONOCOPHILLIPS COM COM 20825C104 1018 13544 SH SOLE 0 0 13544 CONSOLIDATED TOMOKA LD CO COM COM 210226106 1057 36959 SH SOLE 7000 0 29959 CORN PRODS INTL INC COM COM 219023108 3892 70400 SH SOLE 8600 0 61800 CORTS TR 111 PROVIDENT FING CO COM 22081P209 769 29900 SH SOLE 8800 0 21100 CORTS TR II PROVIDENT FING TCO PREFERRED STOCKS 22081B200 2007 77170 SH SOLE 9400 0 67770 CORTS TR PROVIDENT FING TR ICR PREFERRED STOCKS 22080X203 707 26365 SH SOLE 5200 0 21165 CURRENCYSHARES EURO TRUST COM 23130C108 1084 7500 SH SOLE 1600 0 5900 CYBEX INTL INC COM COM 23252E106 1040 1444358 SH SOLE 202102 0 1242256 DAWSON GEOPHYSICAL CO COM COM 239359102 2227 65217 SH SOLE 8100 0 57117 DELPHI FINL GROUP INC CL A COM 247131105 4078 139612 SH SOLE 9300 0 130312 DGT HOLDINGS CORP COM 23328R107 1401 193305 SH SOLE 22957 0 170348 EKORNES ASA ORD COM R20126109 1944 85500 SH SOLE 28200 0 57300 EMC INS GROUP INC COM 268664109 2156 112890 SH SOLE 36905 0 75985 EMC INS GROUP INC COM 268664109 29 1500 SH OTHER 0 0 1500 ENERPLUS CORPORATION COM 292766102 8796 278350 SH SOLE 79200 0 199150 ENERPLUS CORPORATION COM 292766102 47 1500 SH OTHER 0 0 1500 EVEREST RE GROUP COM G3223R108 9277 113475 SH SOLE 19775 0 93700 EXXON MOBIL CORPORATION COM 30231G102 12847 157860 SH SOLE 81314 0 76546 FAIRBORNE ENERGY LTD COM 303623102 7662 1555240 SH SOLE 93475 0 1461765 FAIRFAX FINL HLDGS LTD CONINGE WARRANT AND RIGH 303901110 0 61500 SH SOLE 20500 0 41000 FARMER BROS CO COM COM 307675108 111 10930 SH SOLE 1500 0 9430 FIBRIA CELULOSE S.A. SP ADR COM 31573A109 2269 172028 SH SOLE 22850 0 149178 FOREST CITY ENTERPRISES CLASS COM 345550107 10249 548965 SH SOLE 32673 0 516292 FOREST CITY ENTERPRISES CLASS COM 345550305 608 32680 SH SOLE 0 0 32680 FOREST CITY ENTERPRISES INC SR COM 345550404 1899 79770 SH SOLE 8670 0 71100 FORT DEARBORN INC SECS COM 347200107 160 10593 SH SOLE 0 0 10593 FREQUENCY ELECTRS INC COM COM 358010106 3113 327709 SH SOLE 51700 0 276009 FRIEDMAN INDS INC COM 358435105 527 49200 SH SOLE 12600 0 36600 FUEL SYS SOLUTIONS INC COM COM 35952W103 6276 251527 SH SOLE 10000 0 241527 GENERAL DYNAMICS CORP COM COM 369550108 596 8000 SH SOLE 0 0 8000 GENERAL ELEC CO COM 369604103 492 26096 SH SOLE 0 0 26096 GETTY RLTY CORP NEW COM COM 374297109 323 12804 SH SOLE 0 0 12804 GIVAUDAN AG GDR COM H3238Q102 271 257 SH SOLE 0 0 257 GLOBAL TECH ADVANCED INNOVATIO COM G39320117 389 96998 SH SOLE 26172 0 70826 GORMAN RUPP CO COM 383082104 12187 369983 SH SOLE 67339 0 302644 GORMAN RUPP CO COM 383082104 113 3416 SH OTHER 0 0 3416 GREAT WOLF RESORTS INC COM COM 391523107 4486 1475761 SH SOLE 221444 0 1254317 H & Q HEALTHCARE FD SH BEN INT MUTUAL FUNDS 404052102 163 10211 SH SOLE 5929 0 4282 H & Q LIFE SCIENCES INVS SH BE COM 404053100 272 21827 SH SOLE 9817 0 12010 HAMPDEN BANCORP INC COM COM 40867E107 672 50638 SH SOLE 5287 0 45351 HELMERICH & PAYNE INC COM 423452101 10642 160945 SH SOLE 20400 0 140545 HESS CORP COM COM 42809H107 603 8070 SH SOLE 0 0 8070 HMN FINL INC COM COM 40424G108 399 163041 SH SOLE 22500 0 140541 HOLMEN AB SHS B COM W4200N112 4185 133900 SH SOLE 20900 0 113000 HUGOTON RTY TR TEX UNIT BEN IN COM 444717102 630 27700 SH SOLE 0 0 27700 I B M COM 459200101 274 1600 SH SOLE 0 0 1600 JOHNSON & JOHNSON COM COM 478160104 3812 57307 SH SOLE 0 0 57307 JONES GROUP INC COM COM 48020T101 7009 646000 SH SOLE 74000 0 572000 KEWEENAW LD ASSN LTD COM COM 493026108 302 3280 SH SOLE 0 0 3280 KID BRANDS, INC. COM COM 49375T100 2355 456485 SH SOLE 89167 0 367318 KIMBALL INTL INC CL B COM 494274103 4377 680779 SH SOLE 137258 0 543521 KIMCO RLTY CORP COM COM 49446R109 7784 417573 SH SOLE 51600 0 365973 LASALLE RE HLDGS LTD PFD A PREFERRED STOCKS G5383Q119 4 40700 SH SOLE 13000 0 27700 LECHTERS INC 20010927 CONVERTIBLE BOND U52323AA7 0 385000 PRN SOLE 35000 0 350000 LIBERTY GLOBAL INC COM SER A COM 530555101 342 7600 SH SOLE 553 0 7047 LIBERTY GLOBAL INC COM SER C COM 530555309 204 4778 SH SOLE 1445 0 3333 LUBYS CAFETERIAS INC COM COM 549282101 1040 188327 SH SOLE 60225 0 128102 LUFKIN INDS INC COM COM 549764108 481 5590 SH SOLE 0 0 5590 LYDALL INC COM COM 550819106 9449 790024 SH SOLE 47695 0 742329 MAGAL SECURITY SYS LTD ORD COM M6786D104 1669 548909 SH SOLE 53908 0 495001 MANULIFE FINL CORP COM COM 56501R106 2803 158700 SH SOLE 1700 0 157000 MCLEODUSA INC CL A COM 582266706 0 41990 SH SOLE 41757 0 233 MEADWESTVACO CORPORATION COM 583334107 10842 325502 SH SOLE 58016 0 267486 MEADWESTVACO CORPORATION COM 583334107 66 1970 SH OTHER 0 0 1970 MEDCO HEALTH SOLUTIONS INC COM COM 58405U102 1649 29174 SH SOLE 24350 0 4824 MERCK & COMPANY COM 58933Y105 3513 99534 SH SOLE 77800 0 21734 METLIFE INC COM COM 59156R108 877 20000 SH SOLE 0 0 20000 MFS GOVT MKTS INCOME TR SH BEN MUTUAL FUNDS 552939100 1712 251801 SH SOLE 40874 0 210927 MFS INTERMARKET INCOME TR I SH COM 59318R103 916 109570 SH SOLE 31500 0 78070 MGE ENERGY INC COM 55277P104 1550 38243 SH SOLE 4718 0 33525 MICROSOFT CORP COM COM 594918104 270 10400 SH SOLE 0 0 10400 MS&AD INS GP HLDG (8725-JP) COM J4687C105 2422 104277 SH SOLE 47110 0 57167 MUELLER PAUL CO COM 624752101 408 26377 SH SOLE 2000 0 24377 MURPHY OIL CORP COM COM 626717102 1372 20900 SH SOLE 4300 0 16600 NAUGATUCK VY FINL CORP COM 63906P107 2830 358193 SH SOLE 102997 0 255196 NEW YORK & CO INC COM COM 649295102 1381 278931 SH SOLE 48000 0 230931 NKSJ HOLDINGS INC SHS ISIN #JP COM J58699109 314 47890 SH SOLE 33918 0 13972 NORTH VALLEY BANCORP COM NEW COM 66304M204 264 25360 SH SOLE 4200 0 21160 NUCOR CORP COM 670346105 12383 300422 SH SOLE 28520 0 271902 OLD REP INTL CORP COM COM 680223104 2102 178861 SH SOLE 16004 0 162857 ORION ENERGY SYSTEMS INC COM COM 686275108 143 36506 SH SOLE 0 0 36506 ORION MARINE GROUP INC COM COM 68628V308 539 57291 SH SOLE 6300 0 50991 ORYX INTERNATIONAL GROWTH FUND COM G6775Y108 554 150000 SH SOLE 0 0 150000 OXFORD INDS INC COM COM 691497309 3355 99390 SH SOLE 23300 0 76090 OXFORD INDS INC COM COM 691497309 41 1200 SH OTHER 0 0 1200 PARAMOUNT RES LTD CL A COM 699320206 974 33954 SH SOLE 6357 0 27597 PATTERSON-UTI ENERGY INC COM COM 703481101 5180 163886 SH SOLE 3700 0 160186 PENGROWTH ENERGY CORPORATION COM 70706P104 7357 584795 SH SOLE 103811 0 480984 PENGROWTH ENERGY CORPORATION COM 70706P104 21 1696 SH OTHER 0 0 1696 PENN MILLERS HLDG CORP COM COM 707561106 220 13002 SH SOLE 4502 0 8500 PENN WEST PETROLEUM LTD COM 707887105 8504 368476 SH SOLE 54900 0 313576 PEOPLES UNITED FINANCIAL INCCO COM 712704105 1206 89707 SH SOLE 0 0 89707 PEPSICO INC COM 713448108 5402 76700 SH SOLE 3600 0 73100 PFIZER INC COM COM 717081103 327 15892 SH SOLE 0 0 15892 PHOENIX COS INC NEW COM COM 71902E109 1815 737741 SH SOLE 51900 0 685841 PHOENIX COS INC NEW QUIBS 2032 PREFERRED STOCKS 71902E208 2198 96900 SH SOLE 48300 0 48600 PROCTER & GAMBLE COMPANY COM 742718109 278 4368 SH SOLE 0 0 4368 REEVES TELECOM LTD PARTNERSHPA COM 75865P100 70 233507 SH SOLE 183157 0 50350 ROCHE HLDG LTD DIV RIGHTS CERT WARRANT AND RIGH H69293217 4178 25000 SH SOLE 0 0 25000 ROYAL DUTCH SHELL PLC SPONS AD COM 780259206 2002 28147 SH SOLE 500 0 27647 ROYCE OTC MICRO-CAP FD INC COM COM 780915104 144 14599 SH SOLE 8687 0 5912 SCHULMAN A INC COM COM 808194104 3551 140976 SH SOLE 29787 0 111189 SCHULMAN A INC COM COM 808194104 45 1800 SH OTHER 0 0 1800 SCOTTISH RE GROUP LIMITED SHS COM G73537410 40 143400 SH SOLE 10600 0 132800 SI FINANCIAL GROUP INC COM 78425V104 1547 153138 SH SOLE 52493 0 100645 SIGNET JEWELERS LIMITED SHS COM G81276100 2256 48200 SH SOLE 8100 0 40100 SMUCKER J M CO COM NEW COM 832696405 219 2862 SH SOLE 0 0 2862 STATE AUTO FINL CORP COM 855707105 1428 81943 SH SOLE 9047 0 72896 STEPAN CHEMICAL CO COM 858586100 3725 52533 SH SOLE 9700 0 42833 SUNOCO INC COM COM 86764P109 11704 280605 SH SOLE 53314 0 227291 TEMPLETON EMERGING MKTS INCMCO MUTUAL FUNDS 880192109 308 17998 SH SOLE 0 0 17998 TOKIO MARINE HOLDINGS INC COM 889094108 4370 157195 SH SOLE 116500 0 40695 TUESDAY MORNING CORP COM NEW COM 899035505 5179 1113849 SH SOLE 136634 0 977215 UNITED PARCEL SVC INC CL B COM 911312106 6351 87090 SH SOLE 0 0 87090 UNUMPROVIDENT CORP COM 91529Y106 14670 575748 SH SOLE 56065 0 519683 UNUMPROVIDENT CORP COM 91529Y106 37 1460 SH OTHER 0 0 1460 URSTADT BIDDLE PPTYS INC CL A COM 917286205 11128 614486 SH SOLE 117529 0 496957 URSTADT BIDDLE PPTYS INC CL A COM 917286205 36 2000 SH OTHER 0 0 2000 URSTADT BIDDLE PPTYS INS SR PF PREFERRED STOCKS 917286403 2115 19400 SH SOLE 1150 0 18250 USA TRUCK INC COM COM 902925106 5314 470227 SH SOLE 39438 0 430789 VECTREN CORP COM COM 92240G101 8571 307645 SH SOLE 56422 0 251223 VIASYSTEMS GROUP INC COM COM 92553H803 936 41618 SH SOLE 1917 0 39701 VIRTUS INVT PARTNERS INC COM COM 92828Q109 284 4673 SH SOLE 1292 0 3381 VULCAN MATLS CO COM COM 929160109 389 10095 SH SOLE 0 0 10095 WAL MART STORES INC COM 931142103 279 5259 SH SOLE 0 0 5259 WASHINGTON REAL ESTATE INVT SH COM 939653101 3346 102900 SH SOLE 26700 0 76200 WASHINGTON REAL ESTATE INVT SH COM 939653101 29 900 SH OTHER 0 0 900 WATSCO INC COM 942622200 6269 92200 SH SOLE 21700 0 70500 WELLS FARGO & CO PFD FRAC ACAT PREFERRED STOCKS KEK746889 0 97400 SH SOLE 0 0 97400 WEST MARINE INC COM COM 954235107 713 68799 SH SOLE 8338 0 60461 WEST PHARMACEUTICAL SVCS INCCO COM 955306105 2180 49806 SH SOLE 6666 0 43140 WILLIAMS SONOMA INC COM COM 969904101 3985 109200 SH SOLE 24000 0 85200 LINE COUNT: 170