Minerva Advisors LLC — Q4 2019 13F Holdings

Name: Minerva Advisors LLC — 13F Holdings, Q4 2019
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001541536

Total reported value

$154.9M

← Back to latest quarter

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	CCFEUR	Chase CORP	Stock-Other	10.23%	—	-4.25%
2	INFU	Infusystem Holdings INC	Stock-Other	9.45%	+0.71%	-2.27%
3	USLM	United States Lime & Mineral	Stock-Other	6.42%	-0.50%	EXIT
4	GLDD	Great Lakes Dredge & Dock Co	Stock-Other	6.11%	-0.88%	-4.63%
5	TRNS	Transcat INC	Stock-Other	5.68%	—	-13.47%
6	EML	Eastern Co/the	Stock-Other	5.44%	+0.18%	-4.53%
7	SSP	Ew Scripps Co/the-a	Stock-Other	4.93%	-0.02%	-4.32%
8	OLED	Universal Display Corporation	Stock-Tech	3.53%	—	+0.90%
9	CAC	Camden National CORP	Stock-Other	3.50%	+0.14%	-8.07%
10	CTGUSD	Computer Task Group INC	Stock-Other	3.24%	—	-4.97%
11	NVGS	Navigator Holdings Ltd.	Stock-Other	2.69%	+0.22%	-5.57%
12	✓	Patriot Transn Hldg INC.	Stock-Other	2.51%	—	-3.67%
13	VIRC	Virco Mfg Corporation	Stock-Other	2.15%	-0.19%	-9.82%
14	SGA	Saga Communications Inc-cl A	Stock-Other	2.14%	-0.24%	EXIT
15	ESCA	Escalade INC	Stock-Other	2.06%	+1.18%	-5.43%
16	PBHC	Pathfinder Bancorp INC	Stock-Other	1.87%	-0.31%	-3.74%
17	✓	Ah Belo CORP	Stock-Other	1.45%	—	—
18	CNBKA	Century Bancorp INC -cl A	Stock-Other	1.38%	—	-9.39%
19	NODK	Ni Holdings INC	Stock-Other	1.35%	-0.07%	-3.47%
20	ETMUSD	Entercom Communications-cl A	Stock-Other	1.22%	—	-5.26%
21	DORM	Dorman Products INC	Stock-Consumer Disc	1.01%	-0.71%	EXIT
22	CSFLUSD	Centerstate Bank CORP	Stock-Other	0.93%	—	-31.55%
23	FSTR	Foster (lb) Co-a	Stock-Other	0.91%	—	-9.82%
24	DLX	Deluxe CORP	Stock-Other	0.83%	+0.04%	-6.91%
25	MPB	Mid Penn Bancorp INC	Stock-Other	0.70%	—	-4.64%
26	VRSUSD	Verso CORP - A	Stock-Other	0.66%	—	—
27	AEUSD	Adams Resources & Energy INC	Stock-Other	0.65%	—	+0.01%
28	CZNC	Citizens & Northern CORP	Stock-Other	0.64%	+0.04%	—
29	FNB	Fnb CORP	Stock-Financials	0.63%	-0.04%	-2.38%
30	CECO	Ceco Environmental CORP	Stock-Other	0.61%	—	—
31	ISBCUSD	Investors Bancorp INC	Stock-Other	0.59%	—	—
32	KURA	Kura Oncology INC	Stock-Other	0.57%	—	-10.07%
33	MLVFUSD	Malvern Bancorp INC	Stock-Other	0.55%	—	—
34	NWBI	Northwest Bancshares INC	Stock-Other	0.54%	+0.01%	-13.51%
35	ACNT	Ascent Industries Co	Stock-Other	0.54%	-0.33%	EXIT
36	CBU	Community Financial System I	Stock-Other	0.53%	-0.25%	EXIT
37	GPX	Gp Strategies CORP	Stock-Other	0.52%	—	+111.08%
38	DWSN	Dawson Geophysical Co	Stock-Other	0.51%	—	—
39	MFSFUSD	Mutualfirst Financial INC	Stock-Other	0.51%	—	-18.27%
40	ATRO	Astronics CORP	Stock-Other	0.48%	-0.67%	-5.31%
41	PRA	Proassurance CORP	Stock-Other	0.48%	—	-8.27%
42	✓	Village Bk & Tr Finl CORP	Stock-Other	0.46%	—	—
43	HBNC	Horizon Bancorp Inc/in	Stock-Other	0.44%	—	-2.17%
44	RIVE	Riverview Financial CORP	Stock-Other	0.39%	—	-4.18%
45	RAIL	Freightcar America INC	Stock-Other	0.34%	-0.22%	+43.59%
46	NWFL	Norwood Financial CORP	Stock-Other	0.31%	+0.28%	-2.89%
47	CLBK	Columbia Financial INC	Stock-Other	0.30%	+0.03%	—
48	SIF	Sifco Industries	Stock-Other	0.30%	+2.31%	-6.79%
49	FSBC	Five Star Bancorp	Stock-Other	0.29%	—	-90.00%
50	ASML	ASML Holding N.V.	Stock-Tech	0.29%	—	—

1–50 of 86

Holding changes this quarter

Position changes disclosed by Minerva Advisors LLC for the quarter ending Q4 2019, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	INFU	Infusystem Holdings INC	+3.2%	-2.27%	Trim
2	EML	Eastern Co/the	+0.6%	-4.53%	Trim
3	SSP	Ew Scripps Co/the-a	+0.4%	-4.32%	Trim
4	NVGS	Navigator Holdings Ltd.	+0.3%	-5.57%	Trim
5	GPX	Gp Strategies CORP	+0.3%	+111.08%	Add
6	USLM	United States Lime & Mineral	+0.3%	-8.08%	Trim
7	ETMUSD	Entercom Communications-cl A	+0.3%	-5.26%	Trim
8	VRSUSD	Verso CORP - A	+0.2%	—	Unchanged
9	TRNS	Transcat INC	+0.2%	-13.47%	Trim
10	KEQU	Kewaunee Scientific Cp	+0.1%	+142.49%	Add
11	AEUSD	Adams Resources & Energy INC	+0.1%	+0.01%	Add
12	✓	Patriot Transn Hldg INC.	+0.1%	-3.67%	Trim
13	DWSN	Dawson Geophysical Co	0%	—	Unchanged
14	✓	Pb Bancorp INC	0%	-3.16%	Trim
15	NWFL	Norwood Financial CORP	0%	-2.89%	Trim
16	ASML	ASML Holding N.V.	0%	—	Unchanged
17	EBMT	Eagle Bancorp Montana INC	0%	-3.79%	Trim
18	CIX	Compx International INC	0%	+20.83%	Add
19	CECO	Ceco Environmental CORP	0%	—	Unchanged
20	TCF	Tcf Financial CORP	0%	-3.32%	Trim
21	FNB	Fnb CORP	0%	-2.38%	Trim
22	CZNC	Citizens & Northern CORP	0%	—	Unchanged
23	GLDD	Great Lakes Dredge & Dock Co	-0.1%	-4.63%	Trim
24	CCFEUR	Chase CORP	-0.1%	-4.25%	Trim
25	KOSS	Koss CORP	-0.1%	-8.30%	Trim
26	ATRO	Astronics CORP	-0.1%	-5.31%	Trim
27	DORM	Dorman Products INC	-0.1%	—	Unchanged
28	DLX	Deluxe CORP	-0.1%	-6.91%	Trim
29	NWBI	Northwest Bancshares INC	-0.1%	-13.51%	Trim
30	NODK	Ni Holdings INC	-0.1%	-3.47%	Trim
31	PRA	Proassurance CORP	-0.1%	-8.27%	Trim
32	LGL	Lgl Group Inc/the	-0.1%	-54.83%	Trim
33	KURA	Kura Oncology INC	-0.2%	-10.07%	Trim
34	✓	Continental Matls CORP	-0.2%	-8.80%	Trim
35	CNBKA	Century Bancorp INC -cl A	-0.2%	-9.39%	Trim
36	ACNT	Ascent Industries Co	-0.2%	-2.93%	Trim
37	SGA	Saga Communications Inc-cl A	-0.2%	-6.17%	Trim
38	CAC	Camden National CORP	-0.2%	-8.07%	Trim
39	RAIL	Freightcar America INC	-0.2%	+43.59%	Add
40	FSTR	Foster (lb) Co-a	-0.3%	-9.82%	Trim
41	OLED	Universal Display Corporation	-0.3%	+0.90%	Add
42	CSFLUSD	Centerstate Bank CORP	-0.4%	-31.55%	Trim
43	ESCA	Escalade INC	-0.5%	-5.43%	Trim
44	✓	Ah Belo CORP	-0.6%	—	Unchanged
45	✓	ECOLOGY & ENVIRONMENT INC	—	EXIT	Sold out
46	TFC	Truist Financial CORP	—	NEW	New buy
47	BBTUSD	Bb&t CORP	—	EXIT	Sold out
48	✓		—	NEW	New buy
49	MAMS	Mam Software Group INC	—	EXIT	Sold out
50	✓	Starrett L S Co	—	NEW	New buy