0001144204-12-029038.txt : 20120515 0001144204-12-029038.hdr.sgml : 20120515 20120515100205 ACCESSION NUMBER: 0001144204-12-029038 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120515 DATE AS OF CHANGE: 20120515 EFFECTIVENESS DATE: 20120515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AEGIS FINANCIAL CORP CENTRAL INDEX KEY: 0001140753 IRS NUMBER: 541712996 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10411 FILM NUMBER: 12841526 BUSINESS ADDRESS: STREET 1: 1100 NORTH GLEBE ROAD STREET 2: SUITE 1040 CITY: ARLINGTON STATE: VA ZIP: 22201-7788 BUSINESS PHONE: 7035287788 MAIL ADDRESS: STREET 1: 1100 NORTH GLEBE ROAD STREET 2: SUITE 1040 CITY: ARLINGTON STATE: VA ZIP: 22201-7788 FORMER COMPANY: FORMER CONFORMED NAME: BERNO GAMBAL & BARBEE INC DATE OF NAME CHANGE: 20010516 13F-HR 1 v313258_13fhr.txt HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2012 ----------------- Check here if Amendment [ ]; Amendment Number: ------- This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Aegis Financial Corporation -------------------------------------------------- Address: 1100 North Glebe Road, Suite 1040 -------------------------------------------------- Arlington, Virginia 22201 -------------------------------------------------- Form 13F File Number: 28-10411 -------- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Scott L. Barbee ------------------------------------------------------- Title: President ------------------------------------------------------- Phone: (703) 528-7788 ------------------------------------------------------- Signature, Place, and Date of Signing: /s/ Scott L. Barbee Arlington, Virginia May 15, 2012 ---------------------- ----------------------- ----------------- [Signature] [City, State] [Date] Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ------------- Form 13F Information Table Entry Total: 65 ------------- Form 13F Information Table Value Total: $201,363 ------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE AEGIS FINANCIAL CORPORATION FORM 13F INFORMATION TABLE 03-31-2012:
SHS OR TITLE OF VALUE PRN SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X$1000) AMT PRN CALL DSCRTN MGRS SOLE SHARED NONE ------------------------------ -------- --------- -------- --------- --- ---- -------- ----- --------- ------ ---- AbitibiBowater Inc COM 003687209 $4,121 288,603 SH SOLE NONE 288,603 Air Castle Ltd. COM g0129k104 $9,150 747,578 SH SOLE NONE 747,578 Alliance One International Inc. COM 018772103 $14,982 3,974,009 SH SOLE NONE 3,974,009 Alliance One International NOTE 5.500% Inc.5.500% Due 07-15-14 07-15-14 018772AQ6 $1,874 1,900,000 PRN SOLE NONE 1,900,000 American International Group Inc. Warrant *W EXP 01/19/202 026874156 $1,986 186,682 SH SOLE NONE 186,682 American Pacific Corp. COM 028740108 $5,217 693,802 SH SOLE NONE 693,802 American Safety Insurance COM G02995101 $8,454 448,466 SH SOLE NONE 448,466 Argo Group International Holdings Ltd. ORD G0464B107 $278 9,301 SH SOLE NONE 9,301 Aspen Insurance Holdings - Preferred Stock PFD PRP INC EQ g05384113 $1,113 21,394 SH SOLE NONE 21,394 Aspen Insurance Holdings Ltd. COM G05384105 $8,473 303,250 SH SOLE NONE 303,250 Ballantyne Strong Inc. COM 058516105 $461 86,743 SH SOLE NONE 86,743 Baltic Trading Limited COM Y0553W103 $786 189,441 SH SOLE NONE 189,441 Bassett Furniture Industries COM 070203104 $10,668 1,159,612 SH SOLE NONE 1,159,612 Beazer Homes USA COM 07556Q105 $109 33,680 SH SOLE NONE 33,680 BKF Capital Group COM 05548G102 $73 63,176 SH SOLE NONE 63,176 Bofi Holdings Inc. COM 05566U108 $7,173 419,980 SH SOLE NONE 419,980 Bowl America Inc. - Class A CL A 102565108 $237 17,522 SH SOLE NONE 17,522 Brandywine Realty Trust SH BEN INT NEW 105368203 $745 64,900 SH SOLE NONE 64,900 BRT Realty Trust SH BEN INT NEW 055645303 $4,461 638,265 SH SOLE NONE 638,265 California First National Bank Corp. COM 130222102 $6,382 416,047 SH SOLE NONE 416,047 Century Casinos Inc. COM 156492100 $3,205 1,116,754 SH SOLE NONE 1,116,754 CommonWealth REIT COM SH BEN INT 203233101 $1,580 84,844 SH SOLE NONE 84,844 Core-Mark Hldgs COM 218681104 $5,458 133,328 SH SOLE NONE 133,328 CVR Energy Inc. COM 12662P108 $3,397 126,981 SH SOLE NONE 126,981 Delta Apparel Inc. COM 247368103 $8,226 500,679 SH SOLE NONE 500,679 Duckwall-ALCO COM 264142100 $2,976 332,848 SH SOLE NONE 332,848 Endeavour International COM NEW 29259G200 $830 70,011 SH SOLE NONE 70,011 Energy Partners Ltd. COM NEW 29270U303 $9,167 551,885 SH SOLE NONE 551,885 Ensco Plc. SPONSORED ADR 29358Q109 $847 16,004 SH SOLE NONE 16,004 First Federal Northern Michigan Bancorp. COM 32021X105 $139 35,640 SH SOLE NONE 35,640 Fisher Communications Inc. COM 337756209 $1,790 58,268 SH SOLE NONE 58,268 Frequency Electronics, Inc. COM 358010106 $2,199 265,881 SH SOLE NONE 265,881 Frisch's Restaurants, Inc. COM 358748101 $709 26,301 SH SOLE NONE 26,301 Genon Energy Inc. COM 37244e107 $2,101 1,010,075 SH SOLE NONE 1,010,075 Globus Maritime COM Y27265209 $1,460 286,242 SH SOLE NONE 286,242 Hardinge Inc. COM 412324303 $3,296 348,466 SH SOLE NONE 348,466 Homeowners Choice, Inc. COM 43741E103 $1,628 128,214 SH SOLE NONE 128,214 Hornbeck Offshore Service COM 440543106 $3,922 93,308 SH SOLE NONE 93,308 Horsehead Holdings COM 440694305 $1,445 126,867 SH SOLE NONE 126,867 Ingram Micro Inc. CL A 457153104 $6,531 351,900 SH SOLE NONE 351,900 Integrated Electrical Services, Inc. COM 45811E301 $560 145,501 SH SOLE NONE 145,501 J. Alexanders Corp. COM 466096104 $1,024 121,310 SH SOLE NONE 121,310 LTX-Credence Corporation COM NEW 502403207 $306 42,517 SH SOLE NONE 42,517 Lubys. Inc. COM 549282101 $1,948 320,903 SH SOLE NONE 320,903 Magnum Hunter Resources COM 55973b102 $4,244 662,100 SH SOLE NONE 662,100 Noble Corp. NAMEN-AKT H5833N103 $2,181 58,196 SH SOLE NONE 58,196 Patriot Coal Corporation COM 70336t104 $2,465 395,000 SH SOLE NONE 395,000 Patterson-UTI Energy Inc. COM 703481101 $1,753 101,400 SH SOLE NONE 101,400 PMC Commercial Trust SH BEN INT 693434102 $931 108,720 SH SOLE NONE 108,720 Republic Airways Holdings COM 760276105 $1,329 268,950 SH SOLE NONE 268,950 Sanmina-SCi Corp COM 800907206 $6,141 536,365 SH SOLE NONE 536,365 Sparton Corporation COM 847235108 $1,062 110,674 SH SOLE NONE 110,674 StarTek, Inc. COM 85569C107 $927 423,417 SH SOLE NONE 423,417 Superior Industries International Inc. COM 868168105 $3,592 183,833 SH SOLE NONE 183,833 SWS Group Inc. COM 78503N107 $2,445 427,513 SH SOLE NONE 427,513 Sypris Solutions Inc. COM 871655106 $2,355 581,530 SH SOLE NONE 581,530 Tandy Brands Accessories Inc. COM 875378101 $684 393,018 SH SOLE NONE 393,018 Tecumseh Products Company - Class A CL A 878895200 $1,897 471,834 SH SOLE NONE 471,834 Tecumseh Products Company - Class B CL B 878895101 $1,926 481,474 SH SOLE NONE 481,474 Tesoro Corp. COM 881609101 $7,375 274,787 SH SOLE NONE 274,787 Ultra Petrol Bahamas COM P94398107 $251 125,617 SH SOLE NONE 125,617 Unifi Inc. COM NEW 904677200 $737 76,273 SH SOLE NONE 76,273 Vestin Realty Mortgage I Inc. COM 925490104 $29 26,809 SH SOLE NONE 26,809 Western Refining Inc. COM 959319104 $1,860 98,850 SH SOLE NONE 98,850 White Mountains Insurance Group COM g9618e107 $5,689 11,339 SH SOLE NONE 11,339