13F HOLDINGS REPORT
Minerva Advisors LLC
Quarter ended Q2 2023 · Filed May 15, 2023 · Accession 0001462390-23-000028
Total Value
$138,640
Positions
126
Other Managers
0
Confidential Omitted
No
Holdings (126)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | CHASE CORP | WHLT | 85,833 | $8,989 | 6.48% |
| 2 | COMPUTER TASK GROUP INC | 205477102 | 1,003,879 | $7,278 | 5.25% |
| 3 | EASTERN CO | EML | 314,710 | $6,014 | 4.34% |
| 4 | ESCALADE INC | ESCA | 383,444 | $5,548 | 4.00% |
| 5 | UNIVERSAL STAINLESS & ALLOY | 913837100 | 582,823 | $5,362 | 3.87% |
| 6 | INFUSYSTEM HLDGS INC | INFU | 662,967 | $5,184 | 3.74% |
| 7 | GREAT LAKES DREDGE & DOCK CO | GLDD | 933,062 | $5,048 | 3.64% |
| 8 | ASTRONICS CORP | ATROB | 358,180 | $4,767 | 3.44% |
| 9 | SCRIPPS E W CO OHIO | 811054402 | 398,700 | $3,732 | 2.69% |
| 10 | NAVIGATOR HOLDINGS LTD | NVGS | 265,665 | $3,717 | 2.68% |
| 11 | CHASE CORP | WHLT | 34,420 | $3,605 | 2.60% |
| 12 | PATHFINDER BANCORP INC | PBHC | 204,250 | $3,527 | 2.54% |
| 13 | SAGA COMMUNICATIONS INC | SGA | 152,307 | $3,372 | 2.43% |
| 14 | DLH HOLDINGS CORP | DLHC | 287,984 | $3,223 | 2.32% |
| 15 | VIRCO MANUFACTURING CO | VIRC | 711,368 | $2,817 | 2.03% |
| 16 | TREDEGAR CORP | TG | 303,290 | $2,760 | 1.99% |
| 17 | US LIME & MINERAL | UNTCW | 18,149 | $2,689 | 1.94% |
| 18 | ESCALADE INC | ESCA | 170,077 | $2,461 | 1.78% |
| 19 | CONTANGO ORE INC | 21077F100 | 81,931 | $2,305 | 1.66% |
| 20 | KEWAUNEE SCIENTIFIC CP | 492854104 | 128,603 | $2,051 | 1.48% |
| 21 | CAMDEN NATIONAL CORP | 133034108 | 53,000 | $1,914 | 1.38% |
| 22 | COMPUTER TASK GROUP INC | 205477102 | 252,468 | $1,830 | 1.32% |
| 23 | FREIGHTCAR AMERICA INC | RAIL | 585,728 | $1,816 | 1.31% |
| 24 | EASTERN CO | EML | 94,466 | $1,805 | 1.30% |
| 25 | PATRIOT TRANSPORTATION HOLDING | 70338W105 | 202,042 | $1,606 | 1.16% |
| 26 | WILLIAMS INDUSTRIAL SERVICES GROUP | 96951A104 | 1,459,276 | $1,503 | 1.08% |
| 27 | GREAT LAKES DREDGE & DOCK CO | GLDD | 275,236 | $1,489 | 1.07% |
| 28 | INFUSYSTEM HLDGS INC | INFU | 183,884 | $1,438 | 1.04% |
| 29 | UNIVERSAL STAINLESS & ALLOY | 913837100 | 155,604 | $1,432 | 1.03% |
| 30 | ASTRONICS CORP | ATROB | 104,925 | $1,397 | 1.01% |
| 31 | US LIME & MINERAL | UNTCW | 9,209 | $1,364 | 0.98% |
| 32 | CECO ENVIRONMENTAL CORP | CECO | 96,750 | $1,354 | 0.98% |
| 33 | CAMDEN NATIONAL CORP | 133034108 | 36,568 | $1,320 | 0.95% |
| 34 | NI HOLDINGS INC | NODK | 100,400 | $1,281 | 0.92% |
| 35 | SCRIPPS E W CO OHIO | 811054402 | 124,707 | $1,171 | 0.84% |
| 36 | SAGA COMMUNICATIONS INC | SGA | 52,487 | $1,162 | 0.84% |
| 37 | TREDEGAR CORP | TG | 127,284 | $1,158 | 0.84% |
| 38 | NAVIGATOR HOLDINGS LTD | NVGS | 78,947 | $1,104 | 0.80% |
| 39 | MID PENN BANCORP | MPB | 39,229 | $1,002 | 0.72% |
| 40 | THRYV HOLDINGS IINC | THRY | 40,000 | $922 | 0.67% |
| 41 | VILLAGE BANK & TRUST FIN CO | 92705T200 | 17,947 | $922 | 0.67% |
| 42 | SIFCO INDUSTRIES INC | 826546103 | 309,100 | $912 | 0.66% |
| 43 | VIRCO MANUFACTURING CO | VIRC | 217,573 | $862 | 0.62% |
| 44 | PATHFINDER BANCORP INC | PBHC | 47,399 | $819 | 0.59% |
| 45 | HV BANCORP | 40441H105 | 25,890 | $777 | 0.56% |
| 46 | CRAWFORD & CO CL B | CRD-B | 97,606 | $749 | 0.54% |
| 47 | DORMAN PRODUCTS INC | 258278100 | 8,590 | $740 | 0.53% |
| 48 | DORMAN PRODUCTS INC | 258278100 | 8,500 | $733 | 0.53% |
| 49 | MALVERN BANCORP INC | 561409103 | 48,000 | $725 | 0.52% |
| 50 | FREIGHTCAR AMERICA INC | RAIL | 220,684 | $684 | 0.49% |
| 51 | KEWAUNEE SCIENTIFIC CP | 492854104 | 44,316 | $679 | 0.49% |
| 52 | FNB CORP | 302520101 | 58,000 | $673 | 0.49% |
| 53 | COLUMBIA FINANCIAL | 197641103 | 33,794 | $618 | 0.45% |
| 54 | DLH HOLDINGS CORP | DLHC | 54,854 | $614 | 0.44% |
| 55 | STARRETT LS | STHO | 52,500 | $585 | 0.42% |
| 56 | CITIZENS & NORTHERN CORP | CIA | 26,500 | $564 | 0.41% |
| 57 | CITIZENS FINL GROUP INC | CIA | 16,929 | $514 | 0.37% |
| 58 | FOSTER L B CO | FSTR | 42,374 | $482 | 0.35% |
| 59 | NORTHWEST BANCSHARES INC | NWBI | 38,000 | $457 | 0.33% |
| 60 | WILLIAMS INDUSTRIAL SERVICES GROUP | 96951A104 | 426,001 | $439 | 0.32% |
| 61 | ASCENT INDUSTRIES | ACNT | 48,000 | $439 | 0.32% |
| 62 | CONTANGO ORE INC | 21077F100 | 15,400 | $433 | 0.31% |
| 63 | CECO ENVIRONMENTAL CORP | CECO | 30,758 | $430 | 0.31% |
| 64 | FOSTER L B CO | FSTR | 37,424 | $426 | 0.31% |
| 65 | GSE SYSTEMS INC | 36227K106 | 606,516 | $422 | 0.30% |
| 66 | SOUTH STATE CORP | SSB | 5,661 | $403 | 0.29% |
| 67 | ICC HOLDINGS INC | 44931Q104 | 24,953 | $387 | 0.28% |
| 68 | NI HOLDINGS INC | NODK | 29,500 | $376 | 0.27% |
| 69 | COMPX INTERNATIONAL | 20563P101 | 20,750 | $375 | 0.27% |
| 70 | DONEGAL GROUP INC | DGICB | 23,615 | $360 | 0.26% |
| 71 | PATRIOT TRANSPORTATION HOLDING | 70338W105 | 44,541 | $354 | 0.26% |
| 72 | CITIZENS & NORTHERN CORP | CIA | 16,400 | $349 | 0.25% |
| 73 | DONEGAL GROUP INC | DGICB | 22,875 | $349 | 0.25% |
| 74 | COMMUNITY BANK SYS INC | CBU | 6,618 | $347 | 0.25% |
| 75 | MID PENN BANCORP | MPB | 12,503 | $319 | 0.23% |
| 76 | RICHMOND MUTUAL | 76525P100 | 30,000 | $311 | 0.22% |
| 77 | HORIZON BANCORP INDIANA | HBNC | 28,000 | $309 | 0.22% |
| 78 | FIRST COMMONWEALTH FINANCIAL | 319829107 | 22,000 | $273 | 0.20% |
| 79 | CRAWFORD & CO CL B | CRD-B | 34,735 | $266 | 0.19% |
| 80 | NORWOOD FINANCIAL CORP | NWFL | 8,952 | $263 | 0.19% |
| 81 | EAGLE BANCORP MONT INC | 26942G100 | 17,198 | $239 | 0.17% |
| 82 | STARRETT LS | STHO | 20,737 | $231 | 0.17% |
| 83 | SIFCO INDUSTRIES INC | 826546103 | 76,608 | $226 | 0.16% |
| 84 | THRYV HOLDINGS IINC | THRY | 9,703 | $224 | 0.16% |
| 85 | DELUXE CORP | DLX | 13,900 | $222 | 0.16% |
| 86 | OCONEE FED FINL CORP | 675607105 | 11,451 | $212 | 0.15% |
| 87 | CITIZENS FINL GROUP INC | CIA | 6,656 | $202 | 0.15% |
| 88 | DONEGAL GROUP INC | DGICB | 13,356 | $201 | 0.14% |
| 89 | FIRST SAVINGS FINANCIAL GP INC | 33621E109 | 10,521 | $169 | 0.12% |
| 90 | LAKE SHORE BANCORP INC | LSBK | 14,000 | $169 | 0.12% |
| 91 | FIRST MERCHANTS CORP | FRMEP | 5,000 | $165 | 0.12% |
| 92 | FIRST MERCHANTS CORP | FRMEP | 4,875 | $161 | 0.12% |
| 93 | PROASSURANCE CORP | PRA | 8,700 | $158 | 0.11% |
| 94 | DELTA APPAREL INC | 247368103 | 14,053 | $155 | 0.11% |
| 95 | PROASSURANCE CORP | PRA | 8,534 | $155 | 0.11% |
| 96 | UNIFI INC | UFI | 18,936 | $154 | 0.11% |
| 97 | MID SOUTHERN BANCORP | 59548Q107 | 12,791 | $145 | 0.10% |
| 98 | NORWOOD FINANCIAL CORP | NWFL | 4,729 | $139 | 0.10% |
| 99 | FNB CORP | 302520101 | 11,690 | $136 | 0.10% |
| 100 | ICC HOLDINGS INC | 44931Q104 | 8,414 | $131 | 0.09% |
| 101 | COMPX INTERNATIONAL | 20563P101 | 7,097 | $128 | 0.09% |
| 102 | AMERISERV FINANC INC | 03074A102 | 41,200 | $126 | 0.09% |
| 103 | GSE SYSTEMS INC | 36227K106 | 173,039 | $120 | 0.09% |
| 104 | ASCENT INDUSTRIES | ACNT | 12,369 | $113 | 0.08% |
| 105 | MID SOUTHERN BANCORP | 59548Q107 | 8,915 | $101 | 0.07% |
| 106 | VILLAGE BANK & TRUST FIN CO | 92705T200 | 1,798 | $92 | 0.07% |
| 107 | FIRST SAVINGS FINANCIAL GP INC | 33621E109 | 5,700 | $92 | 0.07% |
| 108 | DALLASNEWS CORPORATION | 235050101 | 20,359 | $89 | 0.06% |
| 109 | FIRST COMMONWEALTH FINANCIAL | 319829107 | 6,360 | $79 | 0.06% |
| 110 | MALVERN BANCORP INC | 561409103 | 5,206 | $79 | 0.06% |
| 111 | HORIZON BANCORP INDIANA | HBNC | 7,052 | $78 | 0.06% |
| 112 | LUMOS PHARMA INC | 55028X109 | 20,466 | $68 | 0.05% |
| 113 | DONEGAL GROUP INC | DGICB | 4,500 | $68 | 0.05% |
| 114 | UNIFI INC | UFI | 7,400 | $60 | 0.04% |
| 115 | PC TEL INC | 69325Q105 | 13,843 | $59 | 0.04% |
| 116 | LAKE SHORE BANCORP INC | LSBK | 5,700 | $58 | 0.04% |
| 117 | DELTA APPAREL INC | 247368103 | 5,300 | $58 | 0.04% |
| 118 | EAGLE BANCORP MONT INC | 26942G100 | 3,900 | $54 | 0.04% |
| 119 | AMERISERV FINANC INC | 03074A102 | 17,000 | $52 | 0.04% |
| 120 | LUMOS PHARMA INC | 55028X109 | 13,549 | $45 | 0.03% |
| 121 | DALLASNEWS CORPORATION | 235050101 | 9,252 | $40 | 0.03% |
| 122 | IMMUCELL CORP | ICCC | 7,404 | $38 | 0.03% |
| 123 | NEXTCURE INC | NXTC | 19,813 | $29 | 0.02% |
| 124 | IMMUCELL CORP | ICCC | 4,554 | $23 | 0.02% |
| 125 | PC TEL INC | 69325Q105 | 5,400 | $23 | 0.02% |
| 126 | NEXTCURE INC | NXTC | 11,900 | $18 | 0.01% |