13F HOLDINGS REPORT
Minerva Advisors LLC
Quarter ended Q3 2023 · Filed August 10, 2023 · Accession 0001462390-23-000032
Total Value
$144,704
Positions
122
Other Managers
0
Confidential Omitted
No
Holdings (122)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | CHASE CORP | WHLT | 74,733 | $9,059 | 6.26% |
| 2 | UNIVERSAL STAINLESS & ALLOY | 913837100 | 582,823 | $8,130 | 5.62% |
| 3 | COMPUTER TASK GROUP INC | 205477102 | 1,010,002 | $7,686 | 5.31% |
| 4 | GREAT LAKES DREDGE & DOCK CO | GLDD | 933,062 | $7,595 | 5.25% |
| 5 | ASTRONICS CORP | ATROB | 358,180 | $7,099 | 4.91% |
| 6 | INFUSYSTEM HLDGS INC | INFU | 662,967 | $6,364 | 4.40% |
| 7 | EASTERN CO | EML | 317,410 | $5,555 | 3.84% |
| 8 | ESCALADE INC | ESCA | 383,444 | $5,115 | 3.53% |
| 9 | CHASE CORP | WHLT | 30,329 | $3,676 | 2.54% |
| 10 | SCRIPPS E W CO OHIO | 811054402 | 398,700 | $3,640 | 2.52% |
| 11 | DLH HOLDINGS CORP | DLHC | 351,395 | $3,521 | 2.43% |
| 12 | NAVIGATOR HOLDINGS LTD | NVGS | 265,665 | $3,451 | 2.38% |
| 13 | SAGA COMMUNICATIONS INC | SGA | 152,307 | $3,198 | 2.21% |
| 14 | VIRCO MANUFACTURING CO | VIRC | 736,527 | $2,990 | 2.07% |
| 15 | PATHFINDER BANCORP INC | PBHC | 207,900 | $2,898 | 2.00% |
| 16 | TREDEGAR CORP | TG | 417,970 | $2,788 | 1.93% |
| 17 | US LIME & MINERAL | UNTCW | 11,751 | $2,438 | 1.68% |
| 18 | ESCALADE INC | ESCA | 170,077 | $2,269 | 1.57% |
| 19 | GREAT LAKES DREDGE & DOCK CO | GLDD | 275,236 | $2,240 | 1.55% |
| 20 | UNIVERSAL STAINLESS & ALLOY | 913837100 | 155,604 | $2,171 | 1.50% |
| 21 | ASTRONICS CORP | ATROB | 104,925 | $2,080 | 1.44% |
| 22 | COMPUTER TASK GROUP INC | 205477102 | 252,856 | $1,924 | 1.33% |
| 23 | KEWAUNEE SCIENTIFIC CP | 492854104 | 128,603 | $1,893 | 1.31% |
| 24 | INFUSYSTEM HLDGS INC | INFU | 183,884 | $1,765 | 1.22% |
| 25 | FREIGHTCAR AMERICA INC | RAIL | 585,728 | $1,728 | 1.19% |
| 26 | EASTERN CO | EML | 95,766 | $1,676 | 1.16% |
| 27 | CAMDEN NATIONAL CORP | 133034108 | 53,000 | $1,641 | 1.13% |
| 28 | PATRIOT TRANSPORTATION HOLDING | 70338W105 | 177,702 | $1,486 | 1.03% |
| 29 | NI HOLDINGS INC | NODK | 100,400 | $1,478 | 1.02% |
| 30 | CONTANGO ORE INC | 21077F100 | 58,688 | $1,455 | 1.01% |
| 31 | CECO ENVIRONMENTAL CORP | CECO | 96,750 | $1,293 | 0.89% |
| 32 | US LIME & MINERAL | UNTCW | 6,011 | $1,247 | 0.86% |
| 33 | TREDEGAR CORP | TG | 181,317 | $1,209 | 0.84% |
| 34 | SCRIPPS E W CO OHIO | 811054402 | 124,707 | $1,139 | 0.79% |
| 35 | CAMDEN NATIONAL CORP | 133034108 | 36,568 | $1,132 | 0.78% |
| 36 | SAGA COMMUNICATIONS INC | SGA | 52,487 | $1,102 | 0.76% |
| 37 | NAVIGATOR HOLDINGS LTD | NVGS | 78,947 | $1,026 | 0.71% |
| 38 | THRYV HOLDINGS IINC | THRY | 40,000 | $982 | 0.68% |
| 39 | VIRCO MANUFACTURING CO | VIRC | 225,685 | $916 | 0.63% |
| 40 | SIFCO INDUSTRIES INC | 826546103 | 308,010 | $909 | 0.63% |
| 41 | CRAWFORD & CO CL B | CRD-B | 97,606 | $898 | 0.62% |
| 42 | MID PENN BANCORP | MPB | 39,229 | $864 | 0.60% |
| 43 | DLH HOLDINGS CORP | DLHC | 82,013 | $822 | 0.57% |
| 44 | VILLAGE BANK & TRUST FIN CO | 92705T200 | 17,947 | $747 | 0.52% |
| 45 | MALVERN BANCORP INC | 561409103 | 48,000 | $742 | 0.51% |
| 46 | PATHFINDER BANCORP INC | PBHC | 48,699 | $679 | 0.47% |
| 47 | DORMAN PRODUCTS INC | 258278100 | 8,590 | $676 | 0.47% |
| 48 | DORMAN PRODUCTS INC | 258278100 | 8,500 | $669 | 0.46% |
| 49 | KEWAUNEE SCIENTIFIC CP | 492854104 | 44,316 | $652 | 0.45% |
| 50 | FREIGHTCAR AMERICA INC | RAIL | 220,684 | $651 | 0.45% |
| 51 | FNB CORP | 302520101 | 52,385 | $599 | 0.41% |
| 52 | FOSTER L B CO | FSTR | 42,374 | $597 | 0.41% |
| 53 | COLUMBIA FINANCIAL | 197641103 | 33,794 | $584 | 0.40% |
| 54 | CITIZENS FINL SVCS INC | CIA | 7,726 | $575 | 0.40% |
| 55 | STARRETT LS | STHO | 52,500 | $546 | 0.38% |
| 56 | WILLIAMS INDUSTRIAL SERVICES GROUP | 96951A104 | 1,459,276 | $540 | 0.37% |
| 57 | FOSTER L B CO | FSTR | 37,424 | $528 | 0.36% |
| 58 | CITIZENS & NORTHERN CORP | CIA | 26,500 | $510 | 0.35% |
| 59 | UNIFI INC | UFI | 59,439 | $480 | 0.33% |
| 60 | COMPX INTERNATIONAL | 20563P101 | 20,750 | $452 | 0.31% |
| 61 | CITIZENS FINL GROUP INC | CIA | 16,929 | $441 | 0.30% |
| 62 | NI HOLDINGS INC | NODK | 29,500 | $434 | 0.30% |
| 63 | ASCENT INDUSTRIES | ACNT | 48,000 | $432 | 0.30% |
| 64 | CECO ENVIRONMENTAL CORP | CECO | 30,758 | $411 | 0.28% |
| 65 | NORTHWEST BANCSHARES INC | NWBI | 38,000 | $403 | 0.28% |
| 66 | ICC HOLDINGS INC | 44931Q104 | 24,953 | $395 | 0.27% |
| 67 | SOUTH STATE CORP | SSB | 5,661 | $372 | 0.26% |
| 68 | DONEGAL GROUP INC | DGICB | 23,615 | $340 | 0.23% |
| 69 | RICHMOND MUTUAL | 76525P100 | 30,000 | $331 | 0.23% |
| 70 | DONEGAL GROUP INC | DGICB | 22,875 | $329 | 0.23% |
| 71 | CRAWFORD & CO CL B | CRD-B | 34,735 | $320 | 0.22% |
| 72 | PATRIOT TRANSPORTATION HOLDING | 70338W105 | 37,874 | $317 | 0.22% |
| 73 | CITIZENS & NORTHERN CORP | CIA | 16,400 | $315 | 0.22% |
| 74 | COMMUNITY BANK SYS INC | CBU | 6,618 | $310 | 0.21% |
| 75 | HORIZON BANCORP INDIANA | HBNC | 28,000 | $291 | 0.20% |
| 76 | CONTANGO ORE INC | 21077F100 | 11,459 | $284 | 0.20% |
| 77 | FIRST COMMONWEALTH FINANCIAL | 319829107 | 22,000 | $278 | 0.19% |
| 78 | MID PENN BANCORP | MPB | 12,503 | $275 | 0.19% |
| 79 | GSE SYSTEMS INC | 36227K106 | 731,998 | $264 | 0.18% |
| 80 | NORWOOD FINANCIAL CORP | NWFL | 8,952 | $264 | 0.18% |
| 81 | DELUXE CORP | DLX | 13,900 | $243 | 0.17% |
| 82 | THRYV HOLDINGS IINC | THRY | 9,703 | $238 | 0.16% |
| 83 | LAKE SHORE BANCORP INC | LSBK | 21,474 | $231 | 0.16% |
| 84 | SIFCO INDUSTRIES INC | 826546103 | 76,608 | $226 | 0.16% |
| 85 | EAGLE BANCORP MONT INC | 26942G100 | 17,198 | $222 | 0.15% |
| 86 | UNIFI INC | UFI | 26,990 | $218 | 0.15% |
| 87 | STARRETT LS | STHO | 20,737 | $216 | 0.15% |
| 88 | DONEGAL GROUP INC | DGICB | 13,356 | $178 | 0.12% |
| 89 | CITIZENS FINL GROUP INC | CIA | 6,656 | $174 | 0.12% |
| 90 | MID SOUTHERN BANCORP | 59548Q107 | 12,791 | $166 | 0.11% |
| 91 | OCONEE FED FINL CORP | 675607105 | 11,451 | $162 | 0.11% |
| 92 | WILLIAMS INDUSTRIAL SERVICES GROUP | 96951A104 | 426,001 | $158 | 0.11% |
| 93 | COMPX INTERNATIONAL | 20563P101 | 7,097 | $155 | 0.11% |
| 94 | DELTA APPAREL INC | 247368103 | 14,053 | $145 | 0.10% |
| 95 | FIRST MERCHANTS CORP | FRMEP | 5,000 | $141 | 0.10% |
| 96 | NORWOOD FINANCIAL CORP | NWFL | 4,729 | $139 | 0.10% |
| 97 | FIRST MERCHANTS CORP | FRMEP | 4,875 | $137 | 0.09% |
| 98 | FIRST SAVINGS FINANCIAL GP INC | 33621E109 | 10,521 | $137 | 0.09% |
| 99 | FNB CORP | 302520101 | 11,690 | $134 | 0.09% |
| 100 | ICC HOLDINGS INC | 44931Q104 | 8,414 | $133 | 0.09% |
| 101 | PROASSURANCE CORP | PRA | 8,700 | $131 | 0.09% |
| 102 | PROASSURANCE CORP | PRA | 8,534 | $129 | 0.09% |
| 103 | MID SOUTHERN BANCORP | 59548Q107 | 8,915 | $116 | 0.08% |
| 104 | ASCENT INDUSTRIES | ACNT | 12,369 | $111 | 0.08% |
| 105 | AMERISERV FINANC INC | 03074A102 | 41,200 | $103 | 0.07% |
| 106 | LAKE SHORE BANCORP INC | LSBK | 7,870 | $85 | 0.06% |
| 107 | FIRST COMMONWEALTH FINANCIAL | 319829107 | 6,360 | $80 | 0.06% |
| 108 | MALVERN BANCORP INC | 561409103 | 5,206 | $80 | 0.06% |
| 109 | VILLAGE BANK & TRUST FIN CO | 92705T200 | 1,798 | $75 | 0.05% |
| 110 | FIRST SAVINGS FINANCIAL GP INC | 33621E109 | 5,700 | $74 | 0.05% |
| 111 | HORIZON BANCORP INDIANA | HBNC | 7,052 | $73 | 0.05% |
| 112 | GSE SYSTEMS INC | 36227K106 | 188,656 | $68 | 0.05% |
| 113 | PC TEL INC | 69325Q105 | 13,843 | $66 | 0.05% |
| 114 | DONEGAL GROUP INC | DGICB | 4,500 | $60 | 0.04% |
| 115 | DELTA APPAREL INC | 247368103 | 5,300 | $55 | 0.04% |
| 116 | EAGLE BANCORP MONT INC | 26942G100 | 3,900 | $50 | 0.03% |
| 117 | LUMOS PHARMA INC | 55028X109 | 13,549 | $43 | 0.03% |
| 118 | AMERISERV FINANC INC | 03074A102 | 17,000 | $43 | 0.03% |
| 119 | LUMOS PHARMA INC | 55028X109 | 13,000 | $41 | 0.03% |
| 120 | DALLASNEWS CORPORATION | 235050101 | 10,000 | $39 | 0.03% |
| 121 | PC TEL INC | 69325Q105 | 5,400 | $26 | 0.02% |
| 122 | DALLASNEWS CORPORATION | 235050101 | 5,648 | $22 | 0.02% |