13F HOLDINGS REPORT
Minerva Advisors LLC
Quarter ended Q1 2023 · Filed February 13, 2023 · Accession 0001462390-23-000008
Total Value
$134,345
Positions
123
Other Managers
0
Confidential Omitted
No
Holdings (123)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | COMPUTER TASK GROUP INC | 205477102 | 1,003,879 | $7,589 | 5.65% |
| 2 | CHASE CORP | WHLT | 85,833 | $7,404 | 5.51% |
| 3 | EASTERN CO | EML | 314,710 | $6,058 | 4.51% |
| 4 | INFUSYSTEM HLDGS INC | INFU | 662,967 | $5,755 | 4.28% |
| 5 | GREAT LAKES DREDGE & DOCK CO | GLDD | 909,062 | $5,400 | 4.02% |
| 6 | SCRIPPS E W CO OHIO | 811054402 | 398,700 | $5,251 | 3.91% |
| 7 | UNIVERSAL STAINLESS & ALLOY | 913837100 | 582,823 | $4,173 | 3.11% |
| 8 | ESCALADE INC | ESCA | 383,444 | $3,903 | 2.91% |
| 9 | PATHFINDER BANCORP INC | PBHC | 204,250 | $3,848 | 2.86% |
| 10 | ASTRONICS CORP | ATROB | 358,180 | $3,689 | 2.75% |
| 11 | US LIME & MINERAL | UNTCW | 26,138 | $3,631 | 2.70% |
| 12 | SAGA COMMUNICATIONS INC | SGA | 152,307 | $3,579 | 2.66% |
| 13 | VIRCO MANUFACTURING CO | VIRC | 711,368 | $3,215 | 2.39% |
| 14 | NAVIGATOR HOLDINGS LTD | NVGS | 265,665 | $3,167 | 2.36% |
| 15 | CHASE CORP | WHLT | 34,420 | $2,969 | 2.21% |
| 16 | TREDEGAR CORP | TG | 265,690 | $2,715 | 2.02% |
| 17 | CAMDEN NATIONAL CORP | 133034108 | 53,000 | $2,206 | 1.64% |
| 18 | KEWAUNEE SCIENTIFIC CP | 492854104 | 126,925 | $2,024 | 1.51% |
| 19 | COMPUTER TASK GROUP INC | 205477102 | 252,468 | $1,909 | 1.42% |
| 20 | FREIGHTCAR AMERICA INC | RAIL | 585,728 | $1,851 | 1.38% |
| 21 | EASTERN CO | EML | 94,466 | $1,818 | 1.35% |
| 22 | CONTANGO ORE INC | 21077F100 | 82,545 | $1,816 | 1.35% |
| 23 | DLH HOLDINGS CORP | DLHC | 149,985 | $1,771 | 1.32% |
| 24 | ESCALADE INC | ESCA | 170,077 | $1,731 | 1.29% |
| 25 | US LIME & MINERAL | UNTCW | 12,380 | $1,720 | 1.28% |
| 26 | SCRIPPS E W CO OHIO | 811054402 | 124,707 | $1,642 | 1.22% |
| 27 | INFUSYSTEM HLDGS INC | INFU | 183,884 | $1,596 | 1.19% |
| 28 | GREAT LAKES DREDGE & DOCK CO | GLDD | 266,236 | $1,581 | 1.18% |
| 29 | CAMDEN NATIONAL CORP | 133034108 | 36,568 | $1,522 | 1.13% |
| 30 | WILLIAMS INDUSTRIAL SERVICES GROUP | 96951A104 | 1,459,276 | $1,488 | 1.11% |
| 31 | PATRIOT TRANSPORTATION HOLDING | 70338W105 | 202,042 | $1,420 | 1.06% |
| 32 | NI HOLDINGS INC | NODK | 100,400 | $1,324 | 0.99% |
| 33 | CECO ENVIRONMENTAL CORP | CECO | 109,700 | $1,282 | 0.95% |
| 34 | SAGA COMMUNICATIONS INC | SGA | 52,487 | $1,233 | 0.92% |
| 35 | MID PENN BANCORP | MPB | 39,229 | $1,175 | 0.87% |
| 36 | TREDEGAR CORP | TG | 113,984 | $1,165 | 0.87% |
| 37 | UNIVERSAL STAINLESS & ALLOY | 913837100 | 155,604 | $1,114 | 0.83% |
| 38 | ASTRONICS CORP | ATROB | 104,925 | $1,081 | 0.80% |
| 39 | VIRCO MANUFACTURING CO | VIRC | 217,573 | $983 | 0.73% |
| 40 | NAVIGATOR HOLDINGS LTD | NVGS | 78,947 | $941 | 0.70% |
| 41 | VILLAGE BANK & TRUST FIN CO | 92705T200 | 17,947 | $904 | 0.67% |
| 42 | PATHFINDER BANCORP INC | PBHC | 47,399 | $893 | 0.66% |
| 43 | MALVERN BANCORP INC | 561409103 | 48,000 | $852 | 0.63% |
| 44 | THRYV HOLDINGS IINC | THRY | 40,000 | $760 | 0.57% |
| 45 | FNB CORP | 302520101 | 58,000 | $757 | 0.56% |
| 46 | HV BANCORP | 40441H105 | 25,890 | $736 | 0.55% |
| 47 | COLUMBIA FINANCIAL | 197641103 | 33,794 | $731 | 0.54% |
| 48 | FREIGHTCAR AMERICA INC | RAIL | 220,684 | $697 | 0.52% |
| 49 | DORMAN PRODUCTS INC | 258278100 | 8,590 | $694 | 0.52% |
| 50 | DORMAN PRODUCTS INC | 258278100 | 8,500 | $687 | 0.51% |
| 51 | KEWAUNEE SCIENTIFIC CP | 492854104 | 43,616 | $676 | 0.50% |
| 52 | CITIZENS FINL GROUP INC | CIA | 16,929 | $666 | 0.50% |
| 53 | SIFCO INDUSTRIES INC | 826546103 | 309,100 | $640 | 0.48% |
| 54 | CITIZENS & NORTHERN CORP | CIA | 26,500 | $604 | 0.45% |
| 55 | DLH HOLDINGS CORP | DLHC | 45,204 | $534 | 0.40% |
| 56 | NORTHWEST BANCSHARES INC | NWBI | 38,000 | $531 | 0.40% |
| 57 | WILLIAMS INDUSTRIAL SERVICES GROUP | 96951A104 | 426,001 | $435 | 0.32% |
| 58 | SOUTH STATE CORP | SSB | 5,661 | $432 | 0.32% |
| 59 | HORIZON BANCORP INDIANA | HBNC | 28,000 | $422 | 0.31% |
| 60 | ASCENT INDUSTRIES | ACNT | 48,000 | $416 | 0.31% |
| 61 | COMMUNITY BANK SYS INC | CBU | 6,618 | $416 | 0.31% |
| 62 | GSE SYSTEMS INC | 36227K106 | 594,650 | $416 | 0.31% |
| 63 | FOSTER L B CO | FSTR | 42,374 | $410 | 0.31% |
| 64 | CRAWFORD & CO CL B | CRD-B | 76,927 | $408 | 0.30% |
| 65 | CECO ENVIRONMENTAL CORP | CECO | 34,758 | $406 | 0.30% |
| 66 | RICHMOND MUTUAL | 76525P100 | 30,000 | $390 | 0.29% |
| 67 | NI HOLDINGS INC | NODK | 29,500 | $389 | 0.29% |
| 68 | ICC HOLDINGS INC | 44931Q104 | 24,953 | $384 | 0.29% |
| 69 | STARRETT LS | STHO | 52,500 | $383 | 0.29% |
| 70 | COMPX INTERNATIONAL | 20563P101 | 20,750 | $383 | 0.29% |
| 71 | MID PENN BANCORP | MPB | 12,503 | $374 | 0.28% |
| 72 | CITIZENS & NORTHERN CORP | CIA | 16,400 | $374 | 0.28% |
| 73 | FOSTER L B CO | FSTR | 37,424 | $362 | 0.27% |
| 74 | CONTANGO ORE INC | 21077F100 | 15,400 | $339 | 0.25% |
| 75 | DONEGAL GROUP INC | DGICB | 23,615 | $335 | 0.25% |
| 76 | DONEGAL GROUP INC | DGICB | 22,875 | $325 | 0.24% |
| 77 | PATRIOT TRANSPORTATION HOLDING | 70338W105 | 44,541 | $313 | 0.23% |
| 78 | NORWOOD FINANCIAL CORP | NWFL | 8,952 | $299 | 0.22% |
| 79 | OCONEE FED FINL CORP | 675607105 | 11,451 | $286 | 0.21% |
| 80 | DALLASNEWS CORPORATION | 235050101 | 72,675 | $279 | 0.21% |
| 81 | EAGLE BANCORP MONT INC | 26942G100 | 17,198 | $277 | 0.21% |
| 82 | CITIZENS FINL GROUP INC | CIA | 6,656 | $262 | 0.20% |
| 83 | DELUXE CORP | DLX | 13,900 | $236 | 0.18% |
| 84 | DONEGAL GROUP INC | DGICB | 13,356 | $211 | 0.16% |
| 85 | FIRST SAVINGS FINANCIAL GP INC | 33621E109 | 10,521 | $210 | 0.16% |
| 86 | FIRST MERCHANTS CORP | FRMEP | 5,000 | $206 | 0.15% |
| 87 | FIRST MERCHANTS CORP | FRMEP | 4,875 | $200 | 0.15% |
| 88 | THRYV HOLDINGS IINC | THRY | 9,703 | $184 | 0.14% |
| 89 | LAKE SHORE BANCORP INC | LSBK | 14,000 | $169 | 0.13% |
| 90 | MID SOUTHERN BANCORP | 59548Q107 | 12,791 | $166 | 0.12% |
| 91 | AMERISERV FINANC INC | 03074A102 | 41,200 | $162 | 0.12% |
| 92 | SIFCO INDUSTRIES INC | 826546103 | 76,608 | $159 | 0.12% |
| 93 | CRAWFORD & CO CL B | CRD-B | 29,790 | $158 | 0.12% |
| 94 | NORWOOD FINANCIAL CORP | NWFL | 4,729 | $158 | 0.12% |
| 95 | FNB CORP | 302520101 | 11,690 | $153 | 0.11% |
| 96 | PROASSURANCE CORP | PRA | 8,700 | $152 | 0.11% |
| 97 | STARRETT LS | STHO | 20,737 | $151 | 0.11% |
| 98 | DELTA APPAREL INC | 247368103 | 14,100 | $150 | 0.11% |
| 99 | PROASSURANCE CORP | PRA | 8,534 | $149 | 0.11% |
| 100 | COMPX INTERNATIONAL | 20563P101 | 7,097 | $131 | 0.10% |
| 101 | ICC HOLDINGS INC | 44931Q104 | 8,414 | $130 | 0.10% |
| 102 | GSE SYSTEMS INC | 36227K106 | 173,039 | $121 | 0.09% |
| 103 | MID SOUTHERN BANCORP | 59548Q107 | 8,915 | $116 | 0.09% |
| 104 | FIRST SAVINGS FINANCIAL GP INC | 33621E109 | 5,700 | $114 | 0.08% |
| 105 | ASCENT INDUSTRIES | ACNT | 12,369 | $107 | 0.08% |
| 106 | HORIZON BANCORP INDIANA | HBNC | 7,052 | $106 | 0.08% |
| 107 | MALVERN BANCORP INC | 561409103 | 5,206 | $92 | 0.07% |
| 108 | VILLAGE BANK & TRUST FIN CO | 92705T200 | 1,798 | $91 | 0.07% |
| 109 | DALLASNEWS CORPORATION | 235050101 | 21,313 | $82 | 0.06% |
| 110 | LUMOS PHARMA INC | 55028X109 | 20,466 | $74 | 0.06% |
| 111 | DONEGAL GROUP INC | DGICB | 4,500 | $71 | 0.05% |
| 112 | LAKE SHORE BANCORP INC | LSBK | 5,700 | $69 | 0.05% |
| 113 | AMERISERV FINANC INC | 03074A102 | 17,000 | $67 | 0.05% |
| 114 | EAGLE BANCORP MONT INC | 26942G100 | 3,900 | $63 | 0.05% |
| 115 | PC TEL INC | 69325Q105 | 13,843 | $59 | 0.04% |
| 116 | DELTA APPAREL INC | 247368103 | 5,300 | $56 | 0.04% |
| 117 | LUMOS PHARMA INC | 55028X109 | 13,549 | $49 | 0.04% |
| 118 | IMMUCELL CORP | ICCC | 7,404 | $45 | 0.03% |
| 119 | NEXTCURE INC | NXTC | 19,813 | $28 | 0.02% |
| 120 | IMMUCELL CORP | ICCC | 4,554 | $27 | 0.02% |
| 121 | PC TEL INC | 69325Q105 | 5,400 | $23 | 0.02% |
| 122 | AUDACY INC | 05070N103 | 77,400 | $17 | 0.01% |
| 123 | NEXTCURE INC | NXTC | 11,900 | $17 | 0.01% |