13F HOLDINGS REPORT
Minerva Advisors LLC
Quarter ended Q3 2024 · Filed November 8, 2024 · Accession 0001462390-24-000047
Total Value
$172.6M
Positions
105
Other Managers
0
Confidential Omitted
No
Holdings (105)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | UNIVERSAL STAINLESS & ALLOY | 913837100 | 322,452 | $12.5M | 7.22% |
| 2 | VIRCO MANUFACTURING CO | VIRC | 777,360 | $10.7M | 6.22% |
| 3 | EASTERN CO | EML | 333,567 | $10.7M | 6.19% |
| 4 | GREAT LAKES DREDGE & DOCK CO | GLDD | 958,262 | $10.1M | 5.84% |
| 5 | TREDEGAR CORP | TG | 961,303 | $7.0M | 4.06% |
| 6 | ASTRONICS CORP | ATROB | 358,180 | $7.0M | 4.03% |
| 7 | EASTERN CO | EML | 163,643 | $5.2M | 3.04% |
| 8 | ESCALADE INC | ESCA | 372,785 | $5.2M | 3.02% |
| 9 | TREDEGAR CORP | TG | 701,804 | $5.1M | 2.96% |
| 10 | VIRCO MANUFACTURING CO | VIRC | 324,329 | $4.5M | 2.60% |
| 11 | INFUSYSTEM HLDGS INC | INFU | 662,967 | $4.4M | 2.57% |
| 12 | UNIVERSAL STAINLESS & ALLOY | 913837100 | 112,639 | $4.4M | 2.52% |
| 13 | GREAT LAKES DREDGE & DOCK CO | GLDD | 383,545 | $4.0M | 2.34% |
| 14 | DLH HOLDINGS CORP | DLHC | 424,662 | $4.0M | 2.30% |
| 15 | NAVIGATOR HOLDINGS LTD | NVGS | 233,565 | $3.8M | 2.18% |
| 16 | THRYV HOLDINGS IINC | THRY | 197,500 | $3.4M | 1.97% |
| 17 | PATHFINDER BANCORP INC | PBHC | 210,842 | $3.3M | 1.91% |
| 18 | FREIGHTCAR AMERICA INC | RAIL | 300,732 | $3.2M | 1.88% |
| 19 | UNIFI INC | UFI | 423,019 | $3.1M | 1.80% |
| 20 | UNIFI INC | UFI | 387,209 | $2.8M | 1.65% |
| 21 | KEWAUNEE SCIENTIFIC CP | 492854104 | 76,098 | $2.5M | 1.46% |
| 22 | ESCALADE INC | ESCA | 165,029 | $2.3M | 1.34% |
| 23 | SAGA COMMUNICATIONS INC | SGA | 156,469 | $2.2M | 1.29% |
| 24 | CAMDEN NATIONAL CORP | 133034108 | 53,000 | $2.2M | 1.27% |
| 25 | ASTRONICS CORP | ATROB | 104,925 | $2.0M | 1.18% |
| 26 | DLH HOLDINGS CORP | DLHC | 211,715 | $2.0M | 1.15% |
| 27 | CRAWFORD & CO CL B | CRD-B | 175,889 | $1.9M | 1.13% |
| 28 | NI HOLDINGS INC | NODK | 100,400 | $1.6M | 0.91% |
| 29 | SCRIPPS E W CO OHIO | 811054402 | 686,394 | $1.5M | 0.89% |
| 30 | SIFCO INDUSTRIES INC | 826546103 | 327,730 | $1.5M | 0.88% |
| 31 | CAMDEN NATIONAL CORP | 133034108 | 36,568 | $1.5M | 0.87% |
| 32 | UTAL MED PRODS INC | 917488108 | 22,558 | $1.5M | 0.87% |
| 33 | VILLAGE BANK & TRUST FIN CO | 92705T200 | 17,947 | $1.4M | 0.79% |
| 34 | UTAL MED PRODS INC | 917488108 | 19,770 | $1.3M | 0.76% |
| 35 | FREIGHTCAR AMERICA INC | RAIL | 118,372 | $1.3M | 0.74% |
| 36 | INFUSYSTEM HLDGS INC | INFU | 183,884 | $1.2M | 0.71% |
| 37 | NAVIGATOR HOLDINGS LTD | NVGS | 72,647 | $1.2M | 0.68% |
| 38 | MID PENN BANCORP | MPB | 39,229 | $1.2M | 0.68% |
| 39 | SCRIPPS E W CO OHIO | 811054402 | 506,047 | $1.1M | 0.66% |
| 40 | CONTANGO ORE INC | 21077F100 | 58,688 | $1.1M | 0.65% |
| 41 | CRAWFORD & CO CL B | CRD-B | 100,799 | $1.1M | 0.65% |
| 42 | UNISYS CORP | UIS | 192,147 | $1.1M | 0.63% |
| 43 | SAGA COMMUNICATIONS INC | SGA | 74,009 | $1.1M | 0.61% |
| 44 | DORMAN PRODUCTS INC | 258278100 | 8,590 | $971,014 | 0.56% |
| 45 | KEWAUNEE SCIENTIFIC CP | 492854104 | 29,084 | $962,680 | 0.56% |
| 46 | UNISYS CORP | UIS | 153,200 | $870,176 | 0.50% |
| 47 | FOSTER L B CO | FSTR | 42,374 | $866,125 | 0.50% |
| 48 | PATHFINDER BANCORP INC | PBHC | 51,362 | $804,843 | 0.47% |
| 49 | FOSTER L B CO | FSTR | 37,424 | $764,947 | 0.44% |
| 50 | FNB CORP | 302520101 | 52,385 | $739,152 | 0.43% |
| 51 | CITIZENS FINL GROUP INC | CIA | 16,929 | $695,274 | 0.40% |
| 52 | HARBOR ONE BANCORP INC NEW | 41165Y100 | 53,500 | $693,895 | 0.40% |
| 53 | US LIME & MINERAL | UNTCW | 6,250 | $608,125 | 0.35% |
| 54 | COLUMBIA FINANCIAL | 197641103 | 33,794 | $576,864 | 0.33% |
| 55 | ICC HOLDINGS INC | 44931Q104 | 24,953 | $572,172 | 0.33% |
| 56 | FIRST BANK WILLIAMSTOWN NJ | 31931U102 | 37,118 | $564,194 | 0.33% |
| 57 | SOUTH STATE CORP | SSB | 5,661 | $549,740 | 0.32% |
| 58 | CITIZENS & NORTHERN CORP | CIA | 26,500 | $520,195 | 0.30% |
| 59 | NORTHWEST BANCSHARES INC | NWBI | 38,000 | $508,440 | 0.29% |
| 60 | THRYV HOLDINGS IINC | THRY | 27,329 | $470,332 | 0.27% |
| 61 | NI HOLDINGS INC | NODK | 29,500 | $460,790 | 0.27% |
| 62 | CITIZENS FINL SVCS INC | CIA | 7,803 | $458,426 | 0.27% |
| 63 | HARBOR ONE BANCORP INC NEW | 41165Y100 | 34,914 | $452,835 | 0.26% |
| 64 | SIFCO INDUSTRIES INC | 826546103 | 96,159 | $447,139 | 0.26% |
| 65 | HORIZON BANCORP INDIANA | HBNC | 28,000 | $435,400 | 0.25% |
| 66 | RICHMOND MUTUAL | 76525P100 | 30,000 | $387,000 | 0.22% |
| 67 | COMMUNITY BANK SYS INC | CBU | 6,618 | $384,043 | 0.22% |
| 68 | MID PENN BANCORP | MPB | 12,503 | $371,964 | 0.22% |
| 69 | CENTRAL PLAINS BANCSHARES INC | CPBI | 29,100 | $365,205 | 0.21% |
| 70 | DONEGAL GROUP INC | DGICB | 23,615 | $347,613 | 0.20% |
| 71 | FIRST COMMONWEALTH FINANCIAL | 319829107 | 20,000 | $343,200 | 0.20% |
| 72 | DONEGAL GROUP INC | DGICB | 22,875 | $336,720 | 0.20% |
| 73 | CITIZENS & NORTHERN CORP | CIA | 16,400 | $321,932 | 0.19% |
| 74 | ECB BANCORP INC | ECBK | 21,033 | $300,351 | 0.17% |
| 75 | LAKE SHORE BANCORP INC | LSBK | 22,248 | $298,568 | 0.17% |
| 76 | CITIZENS FINL GROUP INC | CIA | 6,656 | $273,362 | 0.16% |
| 77 | EAGLE BANCORP MONT INC | 26942G100 | 17,198 | $271,384 | 0.16% |
| 78 | DELUXE CORP | DLX | 13,900 | $270,911 | 0.16% |
| 79 | CENTRAL PLAINS BANCSHARES INC | CPBI | 20,017 | $251,213 | 0.15% |
| 80 | FIRST SAVINGS FINANCIAL GP INC | 33621E109 | 10,521 | $250,400 | 0.15% |
| 81 | NORWOOD FINANCIAL CORP | NWFL | 8,952 | $245,911 | 0.14% |
| 82 | ASCENT INDUSTRIES | ACNT | 23,422 | $225,788 | 0.13% |
| 83 | ECB BANCORP INC | ECBK | 15,407 | $220,012 | 0.13% |
| 84 | CONTANGO ORE INC | 21077F100 | 11,459 | $219,440 | 0.13% |
| 85 | ICC HOLDINGS INC | 44931Q104 | 8,414 | $192,933 | 0.11% |
| 86 | FIRST MERCHANTS CORP | FRMEP | 5,000 | $185,950 | 0.11% |
| 87 | FIRST MERCHANTS CORP | FRMEP | 4,875 | $181,301 | 0.11% |
| 88 | DONEGAL GROUP INC | DGICB | 13,356 | $174,696 | 0.10% |
| 89 | PB BANCSHARES INC | 69318V103 | 10,920 | $168,714 | 0.10% |
| 90 | FNB CORP | 302520101 | 11,690 | $164,946 | 0.10% |
| 91 | PB BANCSHARES INC | 69318V103 | 9,640 | $148,938 | 0.09% |
| 92 | VILLAGE BANK & TRUST FIN CO | 92705T200 | 1,798 | $137,098 | 0.08% |
| 93 | FIRST SAVINGS FINANCIAL GP INC | 33621E109 | 5,700 | $135,660 | 0.08% |
| 94 | PROASSURANCE CORP | PRA | 8,700 | $130,848 | 0.08% |
| 95 | NORWOOD FINANCIAL CORP | NWFL | 4,729 | $129,906 | 0.08% |
| 96 | PROASSURANCE CORP | PRA | 8,534 | $128,351 | 0.07% |
| 97 | HORIZON BANCORP INDIANA | HBNC | 7,052 | $109,659 | 0.06% |
| 98 | AMERISERV FINANC INC | 03074A102 | 41,200 | $107,532 | 0.06% |
| 99 | LAKE SHORE BANCORP INC | LSBK | 7,870 | $105,615 | 0.06% |
| 100 | FIRST COMMONWEALTH FINANCIAL | 319829107 | 5,560 | $95,410 | 0.06% |
| 101 | ASCENT INDUSTRIES | ACNT | 6,993 | $67,413 | 0.04% |
| 102 | EAGLE BANCORP MONT INC | 26942G100 | 3,900 | $61,542 | 0.04% |
| 103 | FIRST BANK WILLIAMSTOWN NJ | 31931U102 | 4,025 | $61,180 | 0.04% |
| 104 | DONEGAL GROUP INC | DGICB | 4,500 | $58,860 | 0.03% |
| 105 | AMERISERV FINANC INC | 03074A102 | 17,000 | $44,370 | 0.03% |