Minerva Advisors as of Dec. 31, 2011
Portfolio Holdings for Minerva Advisors
Minerva Advisors holds 98 positions in its portfolio as reported in the December 2011 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| PMFG | 9.2 | $12M | 621k | 19.51 | |
| KapStone Paper and Packaging | 5.5 | $7.2M | 458k | 15.74 | |
| Ats | 4.8 | $6.4M | 2.0M | 3.12 | |
| Chase Corporation | 4.6 | $6.1M | 435k | 13.90 | |
| Global Power Equipment Grp I | 4.3 | $5.7M | 240k | 23.75 | |
| Astronics Corporation (ATRO) | 4.1 | $5.4M | 150k | 35.82 | |
| KapStone Paper and Packaging | 3.6 | $4.8M | 304k | 15.74 | |
| Dorman Products (DORM) | 3.2 | $4.2M | 113k | 36.94 | |
| Apco Oil And Gas Internat | 3.2 | $4.2M | 51k | 81.70 | |
| Camden National Corporation (CAC) | 3.0 | $3.9M | 119k | 32.60 | |
| Global Power Equipment Grp I | 2.8 | $3.6M | 154k | 23.75 | |
| U.S. Lime & Minerals (USLM) | 2.6 | $3.4M | 56k | 60.11 | |
| Belo | 2.4 | $3.1M | 492k | 6.30 | |
| L.B. Foster Company (FSTR) | 2.3 | $3.1M | 109k | 28.28 | |
| InfuSystem Holdings (INFU) | 2.3 | $3.0M | 1.9M | 1.61 | |
| Globecomm Systems | 2.2 | $3.0M | 217k | 13.68 | |
| Globecomm Systems | 2.0 | $2.6M | 188k | 13.68 | |
| Eastern Company (EML) | 1.9 | $2.5M | 124k | 20.00 | |
| E.W. Scripps Company (SSP) | 1.9 | $2.4M | 306k | 8.01 | |
| Dawson Geophysical Company | 1.8 | $2.4M | 60k | 39.58 | |
| EDAC Technologies Corporation | 1.8 | $2.4M | 215k | 11.05 | |
| U.S. Lime & Minerals (USLM) | 1.8 | $2.3M | 39k | 60.11 | |
| Atrion Corporation (ATRI) | 1.7 | $2.2M | 9.3k | 240.00 | |
| Escalade (ESCA) | 1.1 | $1.5M | 300k | 4.94 | |
| Virco Mfg. Corporation (VIRC) | 1.0 | $1.4M | 849k | 1.61 | |
| TF Financial Corporation | 1.0 | $1.3M | 57k | 22.72 | |
| Journal Communications | 1.0 | $1.3M | 292k | 4.40 | |
| Great Lakes Dredge & Dock Corporation (GLDD) | 0.9 | $1.2M | 217k | 5.56 | |
| Ampco-Pittsburgh (AP) | 0.9 | $1.2M | 61k | 19.33 | |
| Ecology and Environment | 0.9 | $1.2M | 72k | 16.17 | |
| Onvia | 0.9 | $1.1M | 399k | 2.86 | |
| ProAssurance Corporation (PRA) | 0.9 | $1.1M | 14k | 79.82 | |
| Great Lakes Dredge & Dock Corporation (GLDD) | 0.9 | $1.1M | 203k | 5.56 | |
| A. H. Belo Corporation | 0.8 | $1.1M | 236k | 4.75 | |
| Journal Communications | 0.8 | $1.1M | 245k | 4.40 | |
| Universal Stainless & Alloy Products (USAP) | 0.8 | $1.0M | 28k | 37.35 | |
| Deluxe Corporation (DLX) | 0.8 | $1.0M | 45k | 22.75 | |
| A. H. Belo Corporation | 0.7 | $968k | 204k | 4.75 | |
| Northwest Bancshares (NWBI) | 0.7 | $916k | 74k | 12.44 | |
| Gtsi | 0.7 | $872k | 210k | 4.16 | |
| Gtsi | 0.6 | $837k | 201k | 4.16 | |
| Pathfinder Ban | 0.6 | $825k | 93k | 8.92 | |
| Teche Holding Company | 0.6 | $781k | 22k | 35.00 | |
| Century Ban | 0.6 | $747k | 27k | 28.24 | |
| Capital Senior Living Corporation | 0.5 | $704k | 89k | 7.95 | |
| Charter Financial Corporation | 0.5 | $676k | 73k | 9.26 | |
| Mod-pac | 0.5 | $594k | 89k | 6.67 | |
| Citizens & Northern Corporation (CZNC) | 0.4 | $536k | 29k | 18.48 | |
| Aerosonic Corporation | 0.4 | $541k | 169k | 3.20 | |
| Oba Financial Services | 0.4 | $507k | 35k | 14.31 | |
| Argan (AGX) | 0.3 | $445k | 29k | 15.23 | |
| Mod-pac | 0.3 | $417k | 63k | 6.67 | |
| Norwood Financial Corporation (NWFL) | 0.3 | $423k | 15k | 27.41 | |
| Charter Financial Corporation | 0.3 | $389k | 42k | 9.26 | |
| PT GA Cimatron Ltd ord | 0.3 | $376k | 117k | 3.22 | |
| Kimco Realty Corporation (KIM) | 0.3 | $365k | 23k | 16.22 | |
| Aerosonic Corporation | 0.3 | $370k | 116k | 3.20 | |
| Donegal (DGICB) | 0.3 | $368k | 22k | 16.42 | |
| Donegal (DGICA) | 0.3 | $356k | 25k | 14.15 | |
| Barclays Bk Plc ipth s^p vix | 0.3 | $355k | 10k | 35.50 | |
| Asml Holding Nv Adr depository receipts | 0.3 | $348k | 23k | 15.20 | |
| Citizens & Northern Corporation (CZNC) | 0.2 | $331k | 18k | 18.49 | |
| Community Bank System (CBU) | 0.2 | $316k | 14k | 22.67 | |
| Providence & Worcester Railroad Company | 0.2 | $308k | 27k | 11.41 | |
| Roma Financial Corporation | 0.2 | $286k | 29k | 9.82 | |
| Century Ban | 0.2 | $273k | 9.7k | 28.25 | |
| Oconee Fed Finl Corp (OFED) | 0.2 | $274k | 23k | 11.96 | |
| Jacksonville Ban | 0.2 | $267k | 19k | 13.73 | |
| Alliance Fiber Optic Products | 0.2 | $246k | 32k | 7.67 | |
| Eagle Ban (EBMT) | 0.2 | $251k | 25k | 9.88 | |
| MutualFirst Financial | 0.2 | $240k | 34k | 7.08 | |
| Emclaire Financial | 0.2 | $229k | 14k | 15.99 | |
| Beneficial Mutual Ban | 0.2 | $208k | 25k | 8.35 | |
| Koss Corporation (KOSS) | 0.1 | $197k | 39k | 5.00 | |
| United Online | 0.1 | $187k | 35k | 5.41 | |
| Superior Uniform (SGC) | 0.1 | $178k | 15k | 12.28 | |
| BCSB Ban | 0.1 | $174k | 16k | 10.78 | |
| Investors Ban | 0.1 | $162k | 12k | 13.50 | |
| Jacksonville Ban | 0.1 | $161k | 12k | 13.76 | |
| PT GA Cimatron Ltd ord | 0.1 | $139k | 43k | 3.21 | |
| Fox Chase Ban | 0.1 | $135k | 11k | 12.63 | |
| Breeze-Eastern Corporation | 0.1 | $106k | 13k | 8.15 | |
| CMS Ban | 0.1 | $97k | 12k | 8.10 | |
| AmeriServ Financial (ASRV) | 0.1 | $74k | 38k | 1.95 | |
| Universal Stainless & Alloy Products (USAP) | 0.1 | $67k | 1.8k | 37.22 | |
| CMS Ban | 0.1 | $63k | 7.8k | 8.08 | |
| CFS Ban | 0.0 | $59k | 14k | 4.31 | |
| CFS Ban | 0.0 | $42k | 9.7k | 4.33 | |
| Alliance Fiber Optic Products | 0.0 | $33k | 4.3k | 7.67 | |
| Mer Telemanagement | 0.0 | $46k | 34k | 1.36 | |
| AmeriServ Financial (ASRV) | 0.0 | $28k | 14k | 1.97 | |
| Aehr Test Systems (AEHR) | 0.0 | $29k | 59k | 0.50 | |
| Mer Telemanagement | 0.0 | $28k | 21k | 1.36 | |
| Searchmedia Hldgs | 0.0 | $26k | 40k | 0.64 | |
| Yadkin Valley Financial | 0.0 | $8.0k | 5.1k | 1.58 | |
| Giga-tronics, Incorporated | 0.0 | $19k | 13k | 1.45 | |
| Superior Uniform (SGC) | 0.0 | $12k | 1.0k | 12.00 | |
| Searchmedia Holdings Ltd *w exp 11/19/201 | 0.0 | $2.0k | 25k | 0.08 |
