Minerva Advisors

Minerva Advisors as of Dec. 31, 2015

Portfolio Holdings for Minerva Advisors

Minerva Advisors holds 73 positions in its portfolio as reported in the December 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Chase Corporation 11.1 $17M 412k 40.73
KapStone Paper and Packaging 8.3 $13M 559k 22.59
E.W. Scripps Company (SSP) 7.8 $12M 617k 19.00
U.S. Lime & Minerals (USLM) 4.6 $7.0M 127k 55.00
Eastern Company (EML) 4.5 $6.8M 367k 18.52
InfuSystem Holdings (INFU) 4.2 $6.3M 2.1M 3.02
Navigator Holdings Ltd Com Stk (NVGS) 3.5 $5.2M 382k 13.66
Camden National Corporation (CAC) 3.4 $5.1M 116k 44.06
Escalade (ESCA) 3.0 $4.6M 347k 13.25
Computer Task 2.9 $4.4M 672k 6.55
A. H. Belo Corporation 2.7 $4.0M 808k 5.00
Transcat (TRNS) 2.6 $4.0M 414k 9.60
Virco Mfg. Corporation (VIRC) 2.3 $3.4M 1.0M 3.28
Great Lakes Dredge & Dock Corporation (GLDD) 2.1 $3.1M 794k 3.96
Universal Stainless & Alloy Products (USAP) 1.9 $2.9M 309k 9.27
Rand Logistics 1.9 $2.8M 1.8M 1.60
Saga Communications (SGA) 1.6 $2.4M 63k 38.09
Deluxe Corporation (DLX) 1.6 $2.4M 43k 54.55
Dorman Products (DORM) 1.4 $2.2M 46k 47.48
Malvern Ban 1.4 $2.1M 120k 17.56
Pathfinder Ban (PBHC) 1.4 $2.0M 159k 12.84
Charter Fin. 1.2 $1.8M 140k 13.16
Atrion Corporation (ATRI) 1.2 $1.8M 4.7k 380.83
Onvia 1.1 $1.6M 454k 3.60
Global Power Equipment Grp I 1.1 $1.6M 463k 3.48
CECO Environmental (CECO) 1.1 $1.6M 211k 7.68
Century Ban 1.0 $1.6M 36k 43.18
National Penn Bancshares 1.0 $1.5M 121k 12.32
L.B. Foster Company (FSTR) 1.0 $1.4M 106k 13.66
Chemical Financial Corporation 0.9 $1.4M 42k 34.22
IBERIABANK Corporation 0.9 $1.4M 26k 55.00
ProAssurance Corporation (PRA) 0.9 $1.4M 28k 48.53
Astronics Corporation (ATRO) 0.9 $1.4M 34k 40.64
Journal Media 0.9 $1.4M 114k 12.02
F.N.B. Corporation (FNB) 0.8 $1.3M 97k 13.33
Dawson Geophysical (DWSN) 0.8 $1.3M 371k 3.44
Investors Ban 0.8 $1.2M 93k 12.42
Asml Holding (ASML) 0.7 $1.1M 12k 88.76
Northwest Bancshares (NWBI) 0.7 $987k 74k 13.40
Journal Media Group Inc cl a 0.7 $987k 82k 12.02
State Auto Financial 0.6 $913k 45k 20.54
Citizens & Northern Corporation (CZNC) 0.6 $900k 43k 20.98
Jacksonville Ban 0.5 $780k 31k 25.04
Ecology and Environment 0.5 $772k 76k 10.20
MutualFirst Financial 0.5 $759k 31k 24.54
Community Bank System (CBU) 0.4 $670k 17k 39.95
Horizon Ban (HBNC) 0.4 $556k 20k 27.98
Ampco-Pittsburgh (AP) 0.3 $433k 42k 10.26
Norwood Financial Corporation (NWFL) 0.3 $417k 15k 28.29
Oconee Fed Finl Corp (OFED) 0.3 $430k 23k 18.78
AmeriServ Financial (ASRV) 0.3 $408k 128k 3.19
Beneficial Ban 0.3 $407k 30k 13.45
Donegal (DGICA) 0.3 $395k 28k 14.03
Lake Shore Ban 0.3 $398k 30k 13.40
Village Bk & Tr Financial (VBFC) 0.3 $400k 21k 19.01
SIFCO Industries (SIF) 0.2 $383k 40k 9.52
Providence & Worcester Railroad Company 0.2 $372k 27k 13.76
Emclaire Financial 0.2 $369k 15k 24.02
Donegal (DGICB) 0.2 $348k 22k 16.16
Eagle Ban (EBMT) 0.2 $317k 26k 12.38
First Merchants Corporation (FRME) 0.2 $305k 12k 25.46
Tredegar Corporation (TG) 0.2 $265k 19k 13.65
Breeze-Eastern Corporation 0.2 $257k 13k 19.77
PSB Holdings 0.2 $263k 26k 10.15
Koss Corporation (KOSS) 0.1 $226k 116k 1.94
Mer Telemanagement 0.1 $183k 223k 0.82
Waterstone Financial (WSBF) 0.1 $181k 13k 14.11
Synalloy Corporation (ACNT) 0.1 $131k 19k 6.83
ImmuCell Corporation (ICCC) 0.1 $109k 15k 7.45
Aehr Test Systems (AEHR) 0.1 $110k 59k 1.88
Mam Software Group 0.1 $72k 10k 6.97
Command Security Corporation 0.0 $67k 31k 2.20
Community Bank Sys 0.0 $1.0k 27.00 37.04