0001398344-14-005242.txt : 20141015
0001398344-14-005242.hdr.sgml : 20141015
20141010112808
ACCESSION NUMBER: 0001398344-14-005242
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20140930
FILED AS OF DATE: 20141010
DATE AS OF CHANGE: 20141010
EFFECTIVENESS DATE: 20141010
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
CENTRAL INDEX KEY: 0001238990
IRS NUMBER: 820566501
STATE OF INCORPORATION: MN
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-10972
FILM NUMBER: 141151627
BUSINESS ADDRESS:
STREET 1: 3601 W. 76TH STREET
STREET 2: SUITE 225
CITY: EDINA
STATE: MN
ZIP: 55435
BUSINESS PHONE: 9522244350
MAIL ADDRESS:
STREET 1: 3601 W. 76TH STREET
STREET 2: SUITE 225
CITY: EDINA
STATE: MN
ZIP: 55435
FORMER COMPANY:
FORMER CONFORMED NAME: BRIDGEWATER CAPITAL ADVISORS INC
DATE OF NAME CHANGE: 20030605
13F-HR
1
primary_doc.xml
13F-HR
LIVE
false
false
false
0001238990
XXXXXXXX
09-30-2014
09-30-2014
false
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
3601 W. 76th Street
Suite 225
Edina
MN
55435
13F HOLDINGS REPORT
028-10972
N
Howard D. Punch, Jr.
President
952-224-4350
/s/ Howard D. Punch, Jr.
Edina
MN
10-10-2014
0
174
715274
INFORMATION TABLE
2
fp0011873_13fhr-table.xml
13F INFORMATION TABLE
A H BELO CORP COMCL A
COMMON STOCK
001282102
6008
563082
SH
SOLE
563082
0
0
ACCENTURE PLC CL A F
COMMON STOCK
g1151c101
2579
31716
SH
SOLE
31716
0
0
ADT CORP COM
COMMON STOCK
00101j106
1310
36941
SH
SOLE
36941
0
0
AGILYSYS INC
COMMON STOCK
00847J105
2968
253000
SH
SOLE
253000
0
0
ALAMO GROUP INC
COMMON STOCK
011311107
2821
68815
SH
SOLE
68815
0
0
ALCENTRA CAPITAL CORPORATIONCO
COMMON STOCK
01374t102
1283
96615
SH
SOLE
96615
0
0
ALTISOURCE PORT SOLU F
COMMON STOCK
l0175j104
5861
58144
SH
SOLE
58144
0
0
ALTISOURCE RESIDENTIALCORP COM
COMMON STOCK
02153w100
4864
202660
SH
SOLE
202660
0
0
AMERCO COM
COMMON STOCK
023586100
5871
22416
SH
SOLE
22416
0
0
AMERIPRISE FINANCIAL INC
COMMON STOCK
03076c106
4242
34385
SH
SOLE
34385
0
0
ARBOR RLTY TR INC
COMMON STOCK
038923108
5414
803305
SH
SOLE
803305
0
0
ARES COMMERCIAL REAL ESTATECOM
COMMON STOCK
04013v108
3951
338015
SH
SOLE
338015
0
0
AROTECH CORPORATION
COMMON STOCK
042682203
813
250000
SH
SOLE
250000
0
0
ASCENT CAPITAL GROUP INC SERIE
COMMON STOCK
043632108
6471
107485
SH
SOLE
107485
0
0
AWARE INC
COMMON STOCK
05453N100
1118
303000
SH
SOLE
303000
0
0
BARRETT BUS SVCS INC
COMMON STOCK
068463108
4819
122025
SH
SOLE
122025
0
0
BLACKROCK KELSO CAPCORPORATION
COMMON STOCK
092533108
4754
556636
SH
SOLE
556636
0
0
BLACKROCK MUN TARGET TERMTR CO
COMMON STOCK
09257p105
2538
127746
SH
SOLE
127746
0
0
BLACKROCK RES & COMMDITIESSTRG
COMMON STOCK
09257a108
8395
747576
SH
SOLE
747576
0
0
BLACKSTONE MTG TR INCCOM CL A
Miscellaneous
09257w100
4702
173519
SH
SOLE
173519
0
0
BLOCK H & R INC
COMMON STOCK
093671105
2781
89675
SH
SOLE
89675
0
0
BOEING CO
COMMON STOCK
097023105
4067
31931
SH
SOLE
31931
0
0
BOLT TECHNOLOGY CORP
COMMON STOCK
097698104
2416
110110
SH
SOLE
110110
0
0
BSB BANCORP INC MD COM
COMMON STOCK
05573h108
3177
172479
SH
SOLE
172479
0
0
CALAMOS STRATEGIC TOTALRETURN
COMMON STOCK
128125101
3036
259491
SH
SOLE
259491
0
0
CALAVO GROWERS INC
COMMON STOCK
128246105
4249
94135
SH
SOLE
94135
0
0
CALLAWAY GOLF CO DELAWARE
COMMON STOCK
131193104
7624
1052982
SH
SOLE
1052982
0
0
CARMIKE CINEMAS INC
COMMON STOCK
143436400
8753
282529
SH
SOLE
282529
0
0
CASCADE MICROTECH INC
COMMON STOCK
147322101
2983
294480
SH
SOLE
294480
0
0
CENTURYLINK INC
COMMON STOCK
156700106
5074
124091
SH
SOLE
124091
0
0
CHEROKEE INC NEW
COMMON STOCK
16444h102
5255
288605
SH
SOLE
288605
0
0
CHIMERA INVT CORP COM
COMMON STOCK
16934q109
1525
501520
SH
SOLE
501520
0
0
CIFC CORP
COMMON STOCK
12547r105
1539
170000
SH
SOLE
170000
0
0
CINCINNATI BELL INC NEW
COMMON STOCK
171871106
3308
981584
SH
SOLE
981584
0
0
CINEDIGM CORPORATION
COMMON STOCK
172406100
760
490000
SH
SOLE
490000
0
0
CINTAS CORP
COMMON STOCK
172908105
3771
53423
SH
SOLE
53423
0
0
CLOUGH GLBL EQUITY
COMMON STOCK
18914c100
4617
322195
SH
SOLE
322195
0
0
CLOUGH GLOBAL OPPTY FD
COMMON STOCK
18914e106
5045
422910
SH
SOLE
422910
0
0
COCA COLA CO
COMMON STOCK
191216100
2389
56000
SH
SOLE
56000
0
0
COHEN & STEERS CLOSD END
COMMON STOCK
19248p106
3785
290521
SH
SOLE
290521
0
0
COHEN & STEERS INFRASTRUCTURE
COMMON STOCK
19248a109
7608
328656
SH
SOLE
328656
0
0
CORENERGY INFRASTRUCTURETR INC
COMMON STOCK
21870u205
5409
723118
SH
SOLE
723118
0
0
COURIER CORP
COMMON STOCK
222660102
3172
257489
SH
SOLE
257489
0
0
CULP INC
COMMON STOCK
230215105
797
43900
SH
SOLE
43900
0
0
CVS HEALTH CORP COM
COMMON STOCK
126650100
4635
58241
SH
SOLE
58241
0
0
D S T SYSTEMS INC
COMMON STOCK
233326107
3367
40127
SH
SOLE
40127
0
0
DATALINK CORP
COMMON STOCK
237934104
5142
483745
SH
SOLE
483745
0
0
DATAWATCH CORP NEW
COMMON STOCK
237917208
2163
211040
SH
SOLE
211040
0
0
DEERE & COMPANY
COMMON STOCK
244199105
2456
29953
SH
SOLE
29953
0
0
DESTINATION XL GROUP INCCOM
COMMON STOCK
25065k104
8684
1839832
SH
SOLE
1839832
0
0
DIAMOND HILL INVESTMENT GROUP
COMMON STOCK
25264R207
1034
8400
SH
SOLE
8400
0
0
DICE HLDGS INC COM
COMMON STOCK
253017107
5230
624048
SH
SOLE
624048
0
0
DIGIRAD CORPORATION
COMMON STOCK
253827109
1106
281324
SH
SOLE
281324
0
0
DOUGLAS DYNAMICS INC COMUSD0.0
COMMON STOCK
25960r105
7685
394121
SH
SOLE
394121
0
0
EATON VANCE ENHANCED EQT
COMMON STOCK
278274105
3383
246548
SH
SOLE
246548
0
0
EATON VANCE TAX ADVANTAGEDIVID
COMMON STOCK
27828g107
5109
253044
SH
SOLE
253044
0
0
ECOLAB INC
COMMON STOCK
278865100
919
8000
SH
SOLE
8000
0
0
ELECTRO RENT CORP
COMMON STOCK
285218103
2664
193429
SH
SOLE
193429
0
0
ENSTAR GROUP LIMITED COMSTK US
COMMON STOCK
g3075p101
5299
38874
SH
SOLE
38874
0
0
EXXON MOBIL CORPORATION
COMMON STOCK
30231g102
2921
31058
SH
SOLE
31058
0
0
FARMERS NATIONAL BANC CORP
COMMON STOCK
309627107
559
70000
SH
SOLE
70000
0
0
FIRST BANK
COMMON STOCK
31931U102
1086
176627
SH
SOLE
176627
0
0
FIRST BUSINESS FINL SVCSWIS CO
COMMON STOCK
319390100
3626
82598
SH
SOLE
82598
0
0
FISERV INC
COMMON STOCK
337738108
4235
65528
SH
SOLE
65528
0
0
FIVE STAR QUALITY CAREINC
COMMON STOCK
33832d106
6598
1750194
SH
SOLE
1750194
0
0
FLEXSTEEL INDUSTRIES INC
COMMON STOCK
339382103
2833
84000
SH
SOLE
84000
0
0
FORD MTR CO DEL COM
COMMON STOCK
345370860
2973
200986
SH
SOLE
200986
0
0
FRANKLIN COVEY CO
COMMON STOCK
353469109
13039
665575
SH
SOLE
665575
0
0
G S I GROUP INC NEW F
COMMON STOCK
36191c205
3594
312797
SH
SOLE
312797
0
0
GDL FUND
COMMON STOCK
361570104
7026
666296
SH
SOLE
666296
0
0
GENTHERM INC COM
COMMON STOCK
37253a103
8011
189705
SH
SOLE
189705
0
0
HACKETT GROUP INC COM
COMMON STOCK
404609109
5910
991600
SH
SOLE
991600
0
0
HALLMARK FINL SVCS INCCOM NEW
COMMON STOCK
40624q203
1594
154575
SH
SOLE
154575
0
0
HARVARD APPARATUS REGENERATIVE
COMMON STOCK
41690a106
1921
237162
SH
SOLE
237162
0
0
HARVARD BIOSCIENCE INC
COMMON STOCK
416906105
1475
360651
SH
SOLE
360651
0
0
HCI GROUP INC
COMMON STOCK
40416e103
2822
78400
SH
SOLE
78400
0
0
HERITAGE FINANCIAL GROUP
COMMON STOCK
42726x102
1909
94542
SH
SOLE
94542
0
0
HOME LOAN SERVICING SOLUTIONSL
COMMON STOCK
g6648d109
10358
488796
SH
SOLE
488796
0
0
HONG KONG TELEVISION NETWORKLT
COMMON STOCK
43858g107
3846
657380
SH
SOLE
657380
0
0
HOOKER FURNITURE CRP
COMMON STOCK
439038100
3334
219179
SH
SOLE
219179
0
0
HORACE MANN EDUCATORSCORP NEW
COMMON STOCK
440327104
7816
274140
SH
SOLE
274140
0
0
HORMEL FOODS CORP COM
COMMON STOCK
440452100
4238
82464
SH
SOLE
82464
0
0
HOUSTONWIRE & CABLE CO COM
COMMON STOCK
44244k109
1216
101500
SH
SOLE
101500
0
0
HUTCHINSON TECH INC
COMMON STOCK
448407106
37
10000
SH
SOLE
10000
0
0
INCONTACT INC
COMMON STOCK
45336E109
2601
299120
SH
SOLE
299120
0
0
INTERNET PATENTS CORPCOM
COMMON STOCK
46063g101
638
207285
SH
SOLE
207285
0
0
INTL FCSTONE INC COM
COMMON STOCK
46116v105
9364
540651
SH
SOLE
540651
0
0
INVENTURE FOODS INC
COMMON STOCK
461212102
5186
400185
SH
SOLE
400185
0
0
INVESCO LTD F
COMMON STOCK
g491bt108
3960
100316
SH
SOLE
100316
0
0
INVESTORS TITLE COMPANY
COMMON STOCK
461804106
1940
26500
SH
SOLE
26500
0
0
J & J SNACK FOOD CORP
COMMON STOCK
466032109
6454
68987
SH
SOLE
68987
0
0
JMP GROUP INC
COMMON STOCK
46629U107
2082
332100
SH
SOLE
332100
0
0
JOHNSON & JOHNSON
COMMON STOCK
478160104
3969
37239
SH
SOLE
37239
0
0
JOURNAL COMMUNICATIONSINC CLA
COMMON STOCK
481130102
10289
1220578
SH
SOLE
1220578
0
0
JPMORGAN CHASE & CO
COMMON STOCK
46625h100
4032
66929
SH
SOLE
66929
0
0
KIRKLANDS INC COM
COMMON STOCK
497498105
2997
186050
SH
SOLE
186050
0
0
LIFETIME BRANDS INC
COMMON STOCK
53222Q103
1070
69875
SH
SOLE
69875
0
0
LITHIA MOTORS INC CL A
COMMON STOCK
536797103
7056
93220
SH
SOLE
93220
0
0
LRAD CORP
COMMON STOCK
50213V109
550
203000
SH
SOLE
203000
0
0
MACQUARIE INFRASTRUCTURECO LLC
COMMON STOCK
55608b105
5898
88421
SH
SOLE
88421
0
0
MADDEN STEVEN LTD
COMMON STOCK
556269108
4491
139357
SH
SOLE
139357
0
0
MADISON COVERED CALL &EQUITY S
COMMON STOCK
557437100
6363
757455
SH
SOLE
757455
0
0
MAGELLAN HEALTH INC
COMMON STOCK
559079207
4553
83186
SH
SOLE
83186
0
0
MCG CAPITAL CORP
COMMON STOCK
58047p107
3106
882504
SH
SOLE
882504
0
0
MESA LABS INC
COMMON STOCK
59064r109
1436
24856
SH
SOLE
24856
0
0
MICROFINANCIAL INC
COMMON STOCK
595072109
2690
333790
SH
SOLE
333790
0
0
MICROSOFT CORP
COMMON STOCK
594918104
4078
87973
SH
SOLE
87973
0
0
MOCON INC
COMMON STOCK
607494101
3475
233350
SH
SOLE
233350
0
0
MONOTYPE IMAGING HLDGSINC
COMMON STOCK
61022p100
7014
247659
SH
SOLE
247659
0
0
MVC CAP INC
COMMON STOCK
553829102
8951
831913
SH
SOLE
831913
0
0
NATHANS FAMOUS INC
COMMON STOCK
632347100
2640
39000
SH
SOLE
39000
0
0
NATURAL GAS SERVICE GP
COMMON STOCK
63886q109
8855
367878
SH
SOLE
367878
0
0
NAUTILUS INC
COMMON STOCK
63910b102
13779
1151090
SH
SOLE
1151090
0
0
NCR CORP
COMMON STOCK
62886e108
2296
68714
SH
SOLE
68714
0
0
NEUBERGER BERMAN REALESTATE SE
COMMON STOCK
64190a103
3916
812405
SH
SOLE
812405
0
0
NUVEEN BUILD AMER BD FDCOM
COMMON STOCK
67074c103
7237
354928
SH
SOLE
354928
0
0
NUVEEN INTER DURATIONMUN TERM
COMMON STOCK
670671106
3058
245217
SH
SOLE
245217
0
0
NUVEEN MTG OPPORTUNITYTERM FD
COMMON STOCK
670735109
5488
231059
SH
SOLE
231059
0
0
NUVEEN PFD & INCOME TERMFD COM
COMMON STOCK
67075a106
4864
212311
SH
SOLE
212311
0
0
OTTER TAIL CORP FORMERLYOTTER
COMMON STOCK
689648103
3214
120498
SH
SOLE
120498
0
0
PERFORMANCE SPORTS GROUP LTD
COMMON STOCK
71377G100
2973
185000
SH
SOLE
185000
0
0
PHOTRONICS INC
COMMON STOCK
719405102
5101
633637
SH
SOLE
633637
0
0
PROCTER & GAMBLE
COMMON STOCK
742718109
3972
47429
SH
SOLE
47429
0
0
PSYCHEMEDICS CORP COMNEW
COMMON STOCK
744375205
2740
193500
SH
SOLE
193500
0
0
PUTNAM PREMIER INC TRSH BEN IN
COMMON STOCK
746853100
4936
900704
SH
SOLE
900704
0
0
PZENA INVESTMENT MGMT
COMMON STOCK
74731q103
12911
1351954
SH
SOLE
1351954
0
0
REDWOOD TRUST INC REIT
COMMON STOCK
758075402
3598
217028
SH
SOLE
217028
0
0
REIS INC
COMMON STOCK
75936p105
5650
239515
SH
SOLE
239515
0
0
REPUBLIC SERVICES INCCOM
COMMON STOCK
760759100
2805
71889
SH
SOLE
71889
0
0
RIGNET INC COM
COMMON STOCK
766582100
3412
84345
SH
SOLE
84345
0
0
ROUSE PPTYS INC COM
COMMON STOCK
779287101
7158
442701
SH
SOLE
442701
0
0
ROYCE GLOBAL VALUE TRINC COM U
COMMON STOCK
78081t104
146
16720
SH
SOLE
16720
0
0
ROYCE MICRO CAP TRUSTINC FRMLY
COMMON STOCK
780915104
1044
88702
SH
SOLE
88702
0
0
ROYCE VALUE TRUST INC
COMMON STOCK
780910105
2079
143384
SH
SOLE
143384
0
0
SALEM COMMUNICATIONS CORP.
COMMON STOCK
794093104
3360
441474
SH
SOLE
441474
0
0
SCRIPPS E W CO OHIO CLA NEW
COMMON STOCK
811054402
5044
309233
SH
SOLE
309233
0
0
SHILOH INDUSTRIES INC
COMMON STOCK
824543102
2798
164500
SH
SOLE
164500
0
0
SILVERCREST ASSET MGMTGROUP IN
COMMON STOCK
828359109
2859
209900
SH
SOLE
209900
0
0
SIMULATIONS PLUS INC
COMMON STOCK
829214105
4468
642863
SH
SOLE
642863
0
0
SOLAR CAPITAL LTD
COMMON STOCK
83413u100
3793
203054
SH
SOLE
203054
0
0
SP PLUS CORP COM
COMMON STOCK
78469c103
3630
191457
SH
SOLE
191457
0
0
SPOK HLDGS INC COM USD0.0001
COMMON STOCK
84863t106
7613
585147
SH
SOLE
585147
0
0
SUPERIOR UNIFORM GROUP
COMMON STOCK
868358102
541
25000
SH
SOLE
25000
0
0
SUPREME INDUSTRIES INC.
COMMON STOCK
868607102
2186
279900
SH
SOLE
279900
0
0
SYNERON MEDICAL LTD F
COMMON STOCK
m87245102
5027
501663
SH
SOLE
501663
0
0
SYNTEL INC
COMMON STOCK
87162h103
4055
46110
SH
SOLE
46110
0
0
TANDY LEATHER FACTORY INC
COMMON STOCK
87538X105
1443
152700
SH
SOLE
152700
0
0
TECHTARGET INC NEW
COMMON STOCK
87874R100
8348
971800
SH
SOLE
971800
0
0
THESTREET INC
COMMON STOCK
88368q103
3283
1465700
SH
SOLE
1465700
0
0
TRANSCAT INC
COMMON STOCK
893529107
591
64600
SH
SOLE
64600
0
0
TREE COM INC COM
COMMON STOCK
894675107
8716
242855
SH
SOLE
242855
0
0
TRUEBLUE INC
COMMON STOCK
89785x101
6740
266822
SH
SOLE
266822
0
0
U S PHYSICAL THERAPYINC
COMMON STOCK
90337l108
8652
244486
SH
SOLE
244486
0
0
UFP TECH INC
COMMON STOCK
902673102
2189
99600
SH
SOLE
99600
0
0
UNITED FINL BANCORP INCNEW COM
COMMON STOCK
910304104
7546
594661
SH
SOLE
594661
0
0
UNITED TECHNOLOGIES CORP
COMMON STOCK
913017109
2265
21452
SH
SOLE
21452
0
0
UROPLASTY INC COMNEW
COMMON STOCK
917277204
908
363000
SH
SOLE
363000
0
0
VANGUARD INDEX FDS VANGUARDGRO
COMMON STOCK
922908736
359
3597
SH
SOLE
3597
0
0
VERIZON COMMUNICATIONS
COMMON STOCK
92343v104
2227
44558
SH
SOLE
44558
0
0
WASTE MANAGEMENT INC DEL
COMMON STOCK
94106l109
3346
70394
SH
SOLE
70394
0
0
WELLPOINT INC
COMMON STOCK
94973v107
3348
27985
SH
SOLE
27985
0
0
WEST MARINE INC
COMMON STOCK
954235107
1535
170500
SH
SOLE
170500
0
0
WESTWOOD HOLDINGS GROUP
COMMON STOCK
961765104
5759
101588
SH
SOLE
101588
0
0
3M COMPANY
COMMON STOCK
88579y101
1787
12614
SH
SOLE
12614
0
0
ISHARES 1-3 YEAR TREASURYBOND
COMMON STOCK
464287457
271
3205
SH
SOLE
3205
0
0
ISHARES S&P 500 GROWTHETF
INDEX UNIT
464287309
15901
148855
SH
SOLE
148855
0
0
ITT CORPORATION COM USD1.00
COMMON STOCK
450911201
1670
37157
SH
SOLE
37157
0
0
MOVE INC COM NEW
COMMON STOCK
62458m207
272
12990
SH
SOLE
12990
0
0
NOVARTIS A G SPON ADR F SPONSO
COMMON STOCK
66987v109
2751
29222
SH
SOLE
29222
0
0
T G C INDUSTRIES INC NEW
COMMON STOCK
872417308
4397
1141994
SH
SOLE
1141994
0
0
TARGET CORPORATION
COMMON STOCK
87612e106
3659
58375
SH
SOLE
58375
0
0
USG CORP COM NEW
COMMON STOCK
903293405
2581
93884
SH
SOLE
93884
0
0
ZIX CORPORATION
COMMON STOCK
98974P100
2053
600217
SH
SOLE
600217
0
0
GUGGENHEIM SPINOFFETF
COMMON STOCK
18383m605
3416
75720
SH
SOLE
75720
0
0