0001398344-17-005305.txt : 20170427
0001398344-17-005305.hdr.sgml : 20170427
20170427135341
ACCESSION NUMBER: 0001398344-17-005305
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20170331
FILED AS OF DATE: 20170427
DATE AS OF CHANGE: 20170427
EFFECTIVENESS DATE: 20170427
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: 17787900
BUSINESS ADDRESS:
STREET 1: 7701 FRANCE AVE. SOUTH
STREET 2: SUITE 300
CITY: EDINA
STATE: MN
ZIP: 55435
BUSINESS PHONE: 9522244350
MAIL ADDRESS:
STREET 1: 7701 FRANCE AVE. SOUTH
STREET 2: SUITE 300
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
03-31-2017
03-31-2017
false
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
7701 France Ave. South
Suite 300
Edina
MN
55435
13F HOLDINGS REPORT
028-10972
N
Howard D. Punch, Jr.
President
952-224-4350
/s/ Howard D. Punch, Jr
Edina
MN
04-27-2017
0
182
1040669
INFORMATION TABLE
2
fp0025326_13fhr-table.xml
13F INFORMATION TABLE
3M CO
COM
88579Y101
3089
16147
SH
SOLE
0
0
16147
A H BELO CORP
COM CL A
001282102
6467
1051620
SH
SOLE
0
0
1051620
ACCENTURE PLC IRELAND
SHS CLASS A
G1151C101
4516
37675
SH
SOLE
0
0
37675
ADDUS HOMECARE CORP
COM
006739106
4536
141746
SH
SOLE
0
0
141746
AGILYSYS INC
COM
00847J105
4049
428480
SH
SOLE
0
0
428480
ALAMO GROUP INC
COM
011311107
4780
62733
SH
SOLE
0
0
62733
ALLIED MOTION TECHNOLOGIES I
COM
019330109
1993
99153
SH
SOLE
0
0
99153
AMERCO
COM
023586100
9822
25767
SH
SOLE
0
0
25767
AMERIPRISE FINL INC
COM
03076C106
4959
38244
SH
SOLE
0
0
38244
ANTHEM INC
COM
036752103
5009
30286
SH
SOLE
0
0
30286
ARBOR RLTY TR INC
COM
038923108
10087
1203702
SH
SOLE
0
0
1203702
ARC DOCUMENT SOLUTIONS INC
COM
00191G103
4438
1286394
SH
SOLE
0
0
1286394
ASTRONOVA INC
COM
04638F108
2139
140236
SH
SOLE
0
0
140236
ATLANTIC CAP BANCSHARES INC
COM
048269203
2236
118000
SH
SOLE
0
0
118000
AWARE INC MASS
COM
05453N100
3092
657879
SH
SOLE
0
0
657879
B RILEY FINL INC
COM
05580M108
5766
384402
SH
SOLE
0
0
384402
BAR HBR BANKSHARES
COM
066849100
6244
188741
SH
SOLE
0
0
188741
BASSETT FURNITURE INDS INC
COM
070203104
1533
57000
SH
SOLE
0
0
57000
BERKSHIRE HATHAWAY INC DEL
CL B NEW
084670702
5962
35768
SH
SOLE
0
0
35768
BG STAFFING INC
COM
05544A109
2588
180845
SH
SOLE
0
0
180845
BLACKROCK CAPITAL INVESTMENT
COM
092533108
7271
963061
SH
SOLE
0
0
963061
BLACKROCK MUN 2030 TAR TERM
COM SHS BEN IN
09257P105
4209
186006
SH
SOLE
0
0
186006
BLACKROCK RES & COMM STRAT T
SHS
09257A108
1258
146224
SH
SOLE
0
0
146224
BLACKSTONE GSO STRATEGIC CR
COM SHS BEN IN
09257R101
6765
427113
SH
SOLE
0
0
427113
BLACKSTONE MTG TR INC
COM CL A
09257W100
6236
201407
SH
SOLE
0
0
201407
BOEING CO
COM
097023105
5676
32094
SH
SOLE
0
0
32094
BOULDER GROWTH & INCOME FD I
COM
101507101
2556
274869
SH
SOLE
0
0
274869
BRUNSWICK CORP
COM
117043109
5178
84614
SH
SOLE
0
0
84614
BSB BANCORP INC MD
COM
05573H108
4423
156550
SH
SOLE
0
0
156550
CALAMOS DYNAMIC CONV & INCOM
COM
12811V105
11280
587213
SH
SOLE
0
0
587213
CALAVO GROWERS INC
COM
128246105
3180
52482
SH
SOLE
0
0
52482
CALLAWAY GOLF CO
COM
131193104
13393
1209808
SH
SOLE
0
0
1209808
CAPITAL SOUTHWEST CORP
COM
140501107
28837
1705319
SH
SOLE
0
0
1705319
CARBONITE INC
COM
141337105
6744
332205
SH
SOLE
0
0
332205
CATCHMARK TIMBER TR INC
CL A
14912Y202
1285
111525
SH
SOLE
0
0
111525
CECO ENVIRONMENTAL CORP
COM
125141101
8802
837488
SH
SOLE
0
0
837488
CENTURYLINK INC
COM
156700106
5201
220658
SH
SOLE
0
0
220658
CHEROKEE INC DEL NEW
COM
16444H102
2635
306350
SH
SOLE
0
0
306350
CHIMERA INVT CORP
COM NEW
16934Q208
7561
374677
SH
SOLE
0
0
374677
CINTAS CORP
COM
172908105
4182
33046
SH
SOLE
0
0
33046
COCA COLA CO
COM
191216100
2377
56000
SH
SOLE
0
0
56000
COHEN & STEERS INFRASTRUCTUR
COM
19248A109
3756
174296
SH
SOLE
0
0
174296
COLUMBUS MCKINNON CORP N Y
COM
199333105
760
30609
SH
SOLE
0
0
30609
COMMERCEHUB INC
COM SER A
20084V108
2446
158000
SH
SOLE
0
0
158000
COMMERCEHUB INC
COM SER C
20084V306
6378
410660
SH
SOLE
0
0
410660
CORE MOLDING TECHNOLOGIES IN
COM
218683100
3898
218600
SH
SOLE
0
0
218600
CORENERGY INFRASTRUCTURE TR
COM NEW
21870U502
6761
200143
SH
SOLE
0
0
200143
CSW INDUSTRIALS INC
COM
126402106
6509
177349
SH
SOLE
0
0
177349
CULP INC
COM
230215105
2174
69676
SH
SOLE
0
0
69676
CVS HEALTH CORP
COM
126650100
4442
56583
SH
SOLE
0
0
56583
DEERE & CO
COM
244199105
3746
34410
SH
SOLE
0
0
34410
DELUXE CORP
COM
248019101
8568
118713
SH
SOLE
0
0
118713
DESTINATION XL GROUP INC
COM
25065K104
5102
1790347
SH
SOLE
0
0
1790347
DEUTSCHE HIGH INCOME OPPORT
COM
25158Y102
6295
429675
SH
SOLE
0
0
429675
DICKS SPORTING GOODS INC
COM
253393102
1984
40770
SH
SOLE
0
0
40770
DIGI INTL INC
COM
253798102
17571
1476570
SH
SOLE
0
0
1476570
DIGIRAD CORP
COM
253827109
6623
1249622
SH
SOLE
0
0
1249622
DLH HLDGS CORP
COM
23335Q100
2019
373900
SH
SOLE
0
0
373900
DOUGLAS DYNAMICS INC
COM
25960R105
14193
463069
SH
SOLE
0
0
463069
DRIVE SHACK INC
COM
262077100
10014
2412947
SH
SOLE
0
0
2412947
DST SYS INC DEL
COM
233326107
3661
29885
SH
SOLE
0
0
29885
EASTERLY GOVT PPTYS INC
COM
27616P103
4936
249412
SH
SOLE
0
0
249412
EATON VANCE TX ADV GLBL DIV
COM
27828S101
5798
370035
SH
SOLE
0
0
370035
ECOLAB INC
COM
278865100
815
6500
SH
SOLE
0
0
6500
ENSTAR GROUP LIMITED
SHS
G3075P101
6982
36500
SH
SOLE
0
0
36500
ENTEGRA FINL CORP
COM
29363J108
6745
285214
SH
SOLE
0
0
285214
ETSY INC
COM
29786A106
4298
404290
SH
SOLE
0
0
404290
EVOLUTION PETROLEUM CORP
COM
30049A107
2000
250000
SH
SOLE
0
0
250000
EXA CORP
COM
300614500
1394
109750
SH
SOLE
0
0
109750
EXXON MOBIL CORP
COM
30231G102
4124
50288
SH
SOLE
0
0
50288
FARMERS NATL BANC CORP
COM
309627107
1875
130628
SH
SOLE
0
0
130628
FERRO CORP
COM
315405100
10840
713640
SH
SOLE
0
0
713640
FIBROGEN INC
COM
31572Q808
855
34698
SH
SOLE
0
0
34698
FIRST BANK WILLIAMSTOWN NJ
COM
31931U102
3103
259700
SH
SOLE
0
0
259700
FIRST BUS FINL SVCS INC WIS
COM
319390100
5437
209432
SH
SOLE
0
0
209432
FIRST NORTHWEST BANCORP
COM
335834107
4379
282520
SH
SOLE
0
0
282520
FIRST TR DYNAMIC EUROPE EQT
COM SHS
33740D107
5573
322879
SH
SOLE
0
0
322879
FISERV INC
COM
337738108
5513
47813
SH
SOLE
0
0
47813
FORD MTR CO DEL
COM PAR $0.01
345370860
2778
238678
SH
SOLE
0
0
238678
FRANKLIN COVEY CO
COM
353469109
8357
413705
SH
SOLE
0
0
413705
GENTHERM INC
COM
37253A103
5801
147788
SH
SOLE
0
0
147788
GREEN BRICK PARTNERS INC
COM
392709101
12475
1253780
SH
SOLE
0
0
1253780
HACKETT GROUP INC
COM
404609109
13304
682609
SH
SOLE
0
0
682609
HALLMARK FINL SVCS INC EC
COM NEW
40624Q203
1007
91116
SH
SOLE
0
0
91116
HERITAGE CRYSTAL CLEAN INC
COM
42726M106
2710
197798
SH
SOLE
0
0
197798
HOOKER FURNITURE CORP
COM
439038100
6261
201645
SH
SOLE
0
0
201645
HORACE MANN EDUCATORS CORP N
COM
440327104
7561
184186
SH
SOLE
0
0
184186
HORMEL FOODS CORP
COM
440452100
3965
114494
SH
SOLE
0
0
114494
IEC ELECTRS CORP NEW
COM
44949L105
1049
273200
SH
SOLE
0
0
273200
INFORMATION SERVICES GROUP I
COM
45675Y104
2650
841261
SH
SOLE
0
0
841261
INTL FCSTONE INC
COM
46116V105
20178
531556
SH
SOLE
0
0
531556
INVESCO LTD
SHS
G491BT108
3637
118752
SH
SOLE
0
0
118752
ITT INC
COM
45073V108
2001
48788
SH
SOLE
0
0
48788
J & J SNACK FOODS CORP
COM
466032109
4813
35505
SH
SOLE
0
0
35505
JOHNSON & JOHNSON
COM
478160104
4949
39732
SH
SOLE
0
0
39732
JPMORGAN CHASE & CO
COM
46625H100
6752
76865
SH
SOLE
0
0
76865
KIMBALL INTL INC
CL B
494274103
5884
356600
SH
SOLE
0
0
356600
KINGSTONE COS INC
COM
496719105
2393
150000
SH
SOLE
0
0
150000
LANDAUER INC
COM
51476K103
13048
267641
SH
SOLE
0
0
267641
LAWSON PRODS INC
COM
520776105
2021
90000
SH
SOLE
0
0
90000
LEAF GROUP LTD
COM
52177G102
4419
589205
SH
SOLE
0
0
589205
LENDINGTREE INC NEW
COM
52603B107
4371
34867
SH
SOLE
0
0
34867
LITHIA MTRS INC
CL A
536797103
8232
96114
SH
SOLE
0
0
96114
LSC COMMUNICATIONS INC
COM
50218P107
5719
227300
SH
SOLE
0
0
227300
MACQUARIE INFRASTRUCTURE COR
COM
55608B105
8239
102242
SH
SOLE
0
0
102242
MADDEN STEVEN LTD
COM
556269108
5731
148662
SH
SOLE
0
0
148662
MADISON CVRED CALL & EQ STR
COM
557437100
10686
1330706
SH
SOLE
0
0
1330706
MALIBU BOATS INC
COM CL A
56117J100
12630
562599
SH
SOLE
0
0
562599
MCBC HLDGS INC
COM
55276F107
3049
188550
SH
SOLE
0
0
188550
MICROSOFT CORP
COM
594918104
6859
104151
SH
SOLE
0
0
104151
MOCON INC
COM
607494101
5119
233763
SH
SOLE
0
0
233763
MONOTYPE IMAGING HOLDINGS IN
COM
61022P100
5046
251055
SH
SOLE
0
0
251055
MVC CAPITAL INC
COM
553829102
2006
223158
SH
SOLE
0
0
223158
NATHANS FAMOUS INC NEW
COM
632347100
1901
30348
SH
SOLE
0
0
30348
NATIONAL CINEMEDIA INC
COM
635309107
3777
299040
SH
SOLE
0
0
299040
NATURAL GAS SERVICES GROUP
COM
63886Q109
9604
368685
SH
SOLE
0
0
368685
NAUTILUS INC
COM
63910B102
14572
798442
SH
SOLE
0
0
798442
NCR CORP NEW
COM
62886E108
3694
80873
SH
SOLE
0
0
80873
NEUBERGER BERMAN MLP INCOME
COM
64129H104
10897
1075704
SH
SOLE
0
0
1075704
NEUBERGER BERMAN RE ES SEC F
COM
64190A103
5152
968468
SH
SOLE
0
0
968468
NEW SR INVT GROUP INC
COM
648691103
8066
790812
SH
SOLE
0
0
790812
NORTHSTAR REALTY EUROPE CORP
COM
66706L101
7101
612675
SH
SOLE
0
0
612675
NOVANTA INC
COM
67000B104
5149
193946
SH
SOLE
0
0
193946
NOVARTIS A G
SPONSORED ADR
66987V109
2402
32340
SH
SOLE
0
0
32340
NUMEREX CORP PA
CL A
67053A102
1547
324245
SH
SOLE
0
0
324245
NUVEEN BUILD AMER BD FD
COM
67074C103
7513
359455
SH
SOLE
0
0
359455
NUVEEN INTER DURATION MN TMF
COM
670671106
3349
258214
SH
SOLE
0
0
258214
NUVEEN MTG OPPORTUNITY TERM
COM
670735109
11410
460632
SH
SOLE
0
0
460632
OFS CAP CORP
COM
67103B100
2971
209378
SH
SOLE
0
0
209378
OUTFRONT MEDIA INC
COM
69007J106
6049
227832
SH
SOLE
0
0
227832
PANHANDLE OIL AND GAS INC
CL A
698477106
2266
118020
SH
SOLE
0
0
118020
PAR PACIFIC HOLDINGS INC
COM NEW
69888T207
5849
354670
SH
SOLE
0
0
354670
PENNANTPARK FLOATING RATE CA
COM
70806A106
10522
754836
SH
SOLE
0
0
754836
PERCEPTRON INC
COM
71361F100
3384
405800
SH
SOLE
0
0
405800
PFSWEB INC
COM NEW
717098206
1457
223188
SH
SOLE
0
0
223188
PHILIP MORRIS INTL INC
COM
718172109
217
1920
SH
SOLE
0
0
1920
PHOTRONICS INC
COM
719405102
5198
485791
SH
SOLE
0
0
485791
PREMIER INC
CL A
74051N102
2404
75540
SH
SOLE
0
0
75540
PROCTER AND GAMBLE CO
COM
742718109
4685
52144
SH
SOLE
0
0
52144
PUTNAM PREMIER INCOME TR
SH BEN INT
746853100
4883
926621
SH
SOLE
0
0
926621
PZENA INVESTMENT MGMT INC
CLASS A
74731Q103
16167
1642999
SH
SOLE
0
0
1642999
RED LION HOTELS CORP
COM
756764106
4389
622600
SH
SOLE
0
0
622600
REDWOOD TR INC
COM
758075402
3949
237723
SH
SOLE
0
0
237723
REIS INC
COM
75936P105
4627
258515
SH
SOLE
0
0
258515
REPUBLIC SVCS INC
COM
760759100
5134
81746
SH
SOLE
0
0
81746
RIGNET INC
COM
766582100
4742
221058
SH
SOLE
0
0
221058
ROYCE GLOBAL VALUE TR INC
COM
78081T104
1409
160328
SH
SOLE
0
0
160328
ROYCE MICRO-CAP TR INC
COM
780915104
3456
411940
SH
SOLE
0
0
411940
ROYCE VALUE TR INC
COM
780910105
5404
386010
SH
SOLE
0
0
386010
SCRIPPS E W CO OHIO
CL A NEW
811054402
11160
476094
SH
SOLE
0
0
476094
SILVERCREST ASSET MGMT GROUP
CL A
828359109
7562
568552
SH
SOLE
0
0
568552
SIMULATIONS PLUS INC
COM
829214105
5187
441484
SH
SOLE
0
0
441484
SOLAR CAP LTD
COM
83413U100
5176
228933
SH
SOLE
0
0
228933
SP PLUS CORP
COM
78469C103
6673
197723
SH
SOLE
0
0
197723
SPOK HLDGS INC
COM
84863T106
17063
898062
SH
SOLE
0
0
898062
SS&C TECHNOLOGIES HLDGS INC
COM
78467J100
3909
110417
SH
SOLE
0
0
110417
STONECASTLE FINL CORP
COM
861780104
11771
583932
SH
SOLE
0
0
583932
SUPERIOR UNIFORM GP INC
COM
868358102
4895
263175
SH
SOLE
0
0
263175
SUPREME INDS INC
CL A
868607102
4069
200830
SH
SOLE
0
0
200830
TARGET CORP
COM
87612E106
3375
61156
SH
SOLE
0
0
61156
TECHTARGET INC
COM
87874R100
8878
983147
SH
SOLE
0
0
983147
THESTREET INC
COM
88368Q103
1474
1938866
SH
SOLE
0
0
1938866
TRANSACT TECHNOLOGIES INC
COM
892918103
2244
277000
SH
SOLE
0
0
277000
TRANSCAT INC
COM
893529107
3421
269350
SH
SOLE
0
0
269350
TRUEBLUE INC
COM
89785X101
4900
179147
SH
SOLE
0
0
179147
UFP TECHNOLOGIES INC
COM
902673102
4634
178900
SH
SOLE
0
0
178900
UNITED FINL BANCORP INC NEW
COM
910304104
4965
291898
SH
SOLE
0
0
291898
UNITED TECHNOLOGIES CORP
COM
913017109
2823
25157
SH
SOLE
0
0
25157
U S PHYSICAL THERAPY INC
COM
90337L108
4740
72585
SH
SOLE
0
0
72585
U S G CORP
COM NEW
903293405
3329
104695
SH
SOLE
0
0
104695
VERIZON COMMUNICATIONS INC
COM
92343V104
5108
104788
SH
SOLE
0
0
104788
VOLT INFORMATION SCIENCES IN
COM
928703107
2324
336800
SH
SOLE
0
0
336800
WASTE MGMT INC DEL
COM
94106L109
5807
79635
SH
SOLE
0
0
79635
WEST MARINE INC
COM
954235107
2154
225809
SH
SOLE
0
0
225809
WESTWOOD HLDGS GROUP INC
COM
961765104
9867
184736
SH
SOLE
0
0
184736
RYDEX ETF TRUST
GUG S&P500 PU VA
78355W304
12440
211352
SH
SOLE
0
0
211352
ISHARES TR
1-3 YR TR BD ETF
464287457
11974
141666
SH
SOLE
0
0
141666
ISHARES INC
CORE MSCI EMKT
46434G103
1872
39179
SH
SOLE
0
0
39179
ISHARES TR
CORE MSCI EURO
46434V738
9481
215615
SH
SOLE
0
0
215615
ISHARES TR
S&P 500 GRWT ETF
464287309
15107
114865
SH
SOLE
0
0
114865
ISHARES TR
S&P 500 VAL ETF
464287408
5076
48791
SH
SOLE
0
0
48791
MESA LABS INC
COM
59064R109
2296
18714
SH
SOLE
0
0
18714