0001398344-18-011828.txt : 20180814
0001398344-18-011828.hdr.sgml : 20180814
20180814141259
ACCESSION NUMBER: 0001398344-18-011828
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20180630
FILED AS OF DATE: 20180814
DATE AS OF CHANGE: 20180814
EFFECTIVENESS DATE: 20180814
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: 181016289
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
06-30-2018
06-30-2018
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
08-14-2018
0
204
1214155
INFORMATION TABLE
2
fp0035208_13fhr-table.xml
13F INFORMATION TABLE
1347 PPTY INS HLDGS INC
COM
68244P107
263
37000
SH
SOLE
37000
0
0
180 DEGREE CAP CORP
COM
68235B109
929
401989
SH
SOLE
401989
0
0
3M CO
COM
88579Y101
3389
17227
SH
SOLE
17227
0
0
A H BELO CORP
COM CL A
001282102
5486
1167142
SH
SOLE
1167142
0
0
ACCENTURE PLC IRELAND
SHS CLASS A
G1151C101
5736
35064
SH
SOLE
35064
0
0
ADDUS HOMECARE CORP
COM
006739106
14083
245988
SH
SOLE
245988
0
0
AGILYSYS INC
COM
00847J105
7949
512833
SH
SOLE
512833
0
0
ALAMO GROUP INC
COM
011311107
6419
71034
SH
SOLE
71034
0
0
ALCENTRA CAP CORP
COM
01374T102
300
46900
SH
SOLE
46900
0
0
ALLIANZGI CON INCM 2024 TARG
COM
01883H102
8046
869804
SH
SOLE
869804
0
0
ALLIED MOTION TECHNOLOGIES I
COM
019330109
4228
88300
SH
SOLE
88300
0
0
AMERCO
COM
023586100
8509
23891
SH
SOLE
23891
0
0
AMERIPRISE FINL INC
COM
03076C106
4952
35399
SH
SOLE
35399
0
0
ANTHEM INC
COM
036752103
6704
28165
SH
SOLE
28165
0
0
ARBOR RLTY TR INC
COM
038923108
10506
1007331
SH
SOLE
1007331
0
0
ARC DOCUMENT SOLUTIONS INC
COM
00191G103
4016
2268921
SH
SOLE
2268921
0
0
ARES CAP CORP
COM
04010L103
6772
411646
SH
SOLE
411646
0
0
ASTRONOVA INC
COM
04638F108
6955
368960
SH
SOLE
368960
0
0
ASV HLDGS INC
COM
00215L104
134
23125
SH
SOLE
23125
0
0
ATLAS FINANCIAL HOLDINGS INC
SHS NEW
G06207115
2949
337000
SH
SOLE
337000
0
0
AWARE INC MASS
COM
05453N100
3363
830425
SH
SOLE
830425
0
0
B RILEY FINL INC
COM
05580M108
28383
1258690
SH
SOLE
1258690
0
0
BAR HBR BANKSHARES
COM
066849100
14808
488860
SH
SOLE
488860
0
0
BASSETT FURNITURE INDS INC
COM
070203104
1322
48000
SH
SOLE
48000
0
0
BERKSHIRE HATHAWAY INC DEL
CL A
084670108
282
1
SH
SOLE
1
0
0
BERKSHIRE HATHAWAY INC DEL
CL B NEW
084670702
6604
35382
SH
SOLE
35382
0
0
BLACKROCK CAPITAL INVESTMENT
COM
092533108
4384
751965
SH
SOLE
751965
0
0
BLACKROCK ENERGY & RES TR
COM
09250U101
7945
522019
SH
SOLE
522019
0
0
BLACKROCK MUN 2030 TAR TERM
COM SHS BEN IN
09257P105
4279
198454
SH
SOLE
198454
0
0
BLACKROCK RES & COMM STRAT T
SHS
09257A108
1314
141475
SH
SOLE
141475
0
0
BLACKSTONE MTG TR INC
COM CL A
09257W100
3033
96510
SH
SOLE
96510
0
0
BLUELINX HLDGS INC
COM NEW
09624H208
5217
139000
SH
SOLE
139000
0
0
BOEING CO
COM
097023105
7808
23273
SH
SOLE
23273
0
0
BOSTON SCIENTIFIC CORP
COM
101137107
373
11411
SH
SOLE
11411
0
0
BOULDER GROWTH & INCOME FD I
COM
101507101
4040
393032
SH
SOLE
393032
0
0
BRIDGEWATER BANCSHARES INC
COM ACCD INV
108621103
254
20000
SH
SOLE
20000
0
0
BRIDGFORD FOODS CORP
COM
108763103
231
17000
SH
SOLE
17000
0
0
BRUNSWICK CORP
COM
117043109
5971
92604
SH
SOLE
92604
0
0
BSB BANCORP INC MD
COM
05573H108
6824
198362
SH
SOLE
198362
0
0
CALLAWAY GOLF CO
COM
131193104
18014
949608
SH
SOLE
949608
0
0
CAPITAL SOUTHWEST CORP
COM
140501107
33298
1838667
SH
SOLE
1838667
0
0
CARBONITE INC
COM
141337105
9942
284884
SH
SOLE
284884
0
0
CATCHMARK TIMBER TR INC
CL A
14912Y202
127
10000
SH
SOLE
10000
0
0
CELCUITY INC
COM
15102K100
1969
79337
SH
SOLE
79337
0
0
CHIMERA INVT CORP
COM NEW
16934Q208
7878
430954
SH
SOLE
430954
0
0
CINTAS CORP
COM
172908105
4704
25420
SH
SOLE
25420
0
0
COLONY CAP INC NEW
CL A COM
19626G108
3982
638139
SH
SOLE
638139
0
0
COLUMBUS MCKINNON CORP N Y
COM
199333105
14772
340676
SH
SOLE
340676
0
0
COMMERCIAL VEH GROUP INC
COM
202608105
1901
259000
SH
SOLE
259000
0
0
CORE MOLDING TECHNOLOGIES IN
COM
218683100
5580
390783
SH
SOLE
390783
0
0
CORENERGY INFRASTRUCTURE TR
COM NEW
21870U502
3304
87884
SH
SOLE
87884
0
0
CSW INDUSTRIALS INC
COM
126402106
9243
174895
SH
SOLE
174895
0
0
CVS HEALTH CORP
COM
126650100
3450
53612
SH
SOLE
53612
0
0
CYBEROPTICS CORP
COM
232517102
1705
97968
SH
SOLE
97968
0
0
DAWSON GEOPHYSICAL CO NEW
COM
239360100
395
50000
SH
SOLE
50000
0
0
DEERE & CO
COM
244199105
3908
27955
SH
SOLE
27955
0
0
DELUXE CORP
COM
248019101
11686
176493
SH
SOLE
176493
0
0
DESTINATION XL GROUP INC
COM
25065K104
2892
1285555
SH
SOLE
1285555
0
0
DHI GROUP INC
COM
23331S100
127
54000
SH
SOLE
54000
0
0
DIAMOND HILL INVESTMENT GROU
COM NEW
25264R207
1205
6200
SH
SOLE
6200
0
0
DIGI INTL INC
COM
253798102
15676
1187561
SH
SOLE
1187561
0
0
DIGIRAD CORP
COM
253827109
1251
806898
SH
SOLE
806898
0
0
DLH HLDGS CORP
COM
23335Q100
2433
443900
SH
SOLE
443900
0
0
DOUGLAS DYNAMICS INC
COM
25960R105
12548
261410
SH
SOLE
261410
0
0
DRIVE SHACK INC
COM
262077100
22256
2882930
SH
SOLE
2882930
0
0
EASTERLY GOVT PPTYS INC
COM
27616P103
5829
294991
SH
SOLE
294991
0
0
EATON VANCE TX ADV GLBL DIV
COM
27828S101
7965
468525
SH
SOLE
468525
0
0
ENSTAR GROUP LIMITED
SHS
G3075P101
7542
36383
SH
SOLE
36383
0
0
ENTEGRA FINL CORP
COM
29363J108
6512
222250
SH
SOLE
222250
0
0
ETSY INC
COM
29786A106
15641
370735
SH
SOLE
370735
0
0
EVOLUTION PETROLEUM CORP
COM
30049A107
2630
267000
SH
SOLE
267000
0
0
EXXON MOBIL CORP
COM
30231G102
4009
48460
SH
SOLE
48460
0
0
FARMER BROS CO
COM
307675108
10914
357257
SH
SOLE
357257
0
0
FARMERS NATL BANC CORP
COM
309627107
3529
221271
SH
SOLE
221271
0
0
FERRO CORP
COM
315405100
12698
609014
SH
SOLE
609014
0
0
FIBROGEN INC
COM
31572Q808
563
9000
SH
SOLE
9000
0
0
FIRST BANK WILLIAMSTOWN NJ
COM
31931U102
4863
349860
SH
SOLE
349860
0
0
FIRST NORTHWEST BANCORP
COM
335834107
4469
279856
SH
SOLE
279856
0
0
FIRST TR DYNAMIC EUROPE EQT
COM SHS
33740D107
6455
399939
SH
SOLE
399939
0
0
FIRST TR ENERGY INFRASTRCTR
COM
33738C103
4870
295871
SH
SOLE
295871
0
0
FISERV INC
COM
337738108
6523
88037
SH
SOLE
88037
0
0
FRANKLIN COVEY CO
COM
353469109
8841
360142
SH
SOLE
360142
0
0
GENTHERM INC
COM
37253A103
5769
146783
SH
SOLE
146783
0
0
GLADSTONE LD CORP
COM
376549101
3885
306632
SH
SOLE
306632
0
0
GREEN BRICK PARTNERS INC
COM
392709101
17016
1736290
SH
SOLE
1736290
0
0
HACKETT GROUP INC
COM
404609109
14306
890242
SH
SOLE
890242
0
0
HARVEST CAP CR CORP
COM
41753F109
222
21000
SH
SOLE
21000
0
0
HERITAGE CRYSTAL CLEAN INC
COM
42726M106
3373
167800
SH
SOLE
167800
0
0
HOOKER FURNITURE CORP
COM
439038100
15163
323301
SH
SOLE
323301
0
0
HORMEL FOODS CORP
COM
440452100
3948
106099
SH
SOLE
106099
0
0
HOUSTON WIRE & CABLE CO
COM
44244K109
1726
203000
SH
SOLE
203000
0
0
I D SYSTEMS INC
COM
449489103
2578
416546
SH
SOLE
416546
0
0
IEC ELECTRS CORP NEW
COM
44949L105
2401
411846
SH
SOLE
411846
0
0
INFORMATION SERVICES GROUP I
COM
45675Y104
4129
1007000
SH
SOLE
1007000
0
0
INTEL CORP
COM
458140100
840
16900
SH
SOLE
16900
0
0
INTL FCSTONE INC
COM
46116V105
27404
529951
SH
SOLE
529951
0
0
INVESCO EXCHANGE TRADED FD T
S&P500 PUR VAL
46137V258
12772
194311
SH
SOLE
194311
0
0
INVESCO LTD
SHS
G491BT108
2618
98556
SH
SOLE
98556
0
0
ISHARES TR
1 3 YR TREAS BD
464287457
9081
108924
SH
SOLE
108924
0
0
ISHARES INC
CORE MSCI EMKT
46434G103
2668
50809
SH
SOLE
50809
0
0
ISHARES TR
CORE MSCI EURO
46434V738
10275
215945
SH
SOLE
215945
0
0
ISHARES TR
S&P 100 ETF
464287101
257
2152
SH
SOLE
2152
0
0
ISHARES TR
S&P 500 GRWT ETF
464287309
17543
107885
SH
SOLE
107885
0
0
ISHARES TR
S&P 500 VAL ETF
464287408
5188
47105
SH
SOLE
47105
0
0
ISSUER DIRECT CORPORATION
COM NEW
46520M204
278
14000
SH
SOLE
14000
0
0
J & J SNACK FOODS CORP
COM
466032109
5269
34557
SH
SOLE
34557
0
0
JOHNSON & JOHNSON
COM
478160104
5237
43160
SH
SOLE
43160
0
0
JOINT CORP
COM
47973J102
409
50000
SH
SOLE
50000
0
0
JPMORGAN CHASE & CO
COM
46625H100
7660
73509
SH
SOLE
73509
0
0
KIMBALL ELECTRONICS INC
COM
49428J109
1976
108000
SH
SOLE
108000
0
0
KIMBALL INTL INC
CL B
494274103
10882
673393
SH
SOLE
673393
0
0
KINGSTONE COS INC
COM
496719105
2866
169600
SH
SOLE
169600
0
0
LAMAR ADVERTISING CO NEW
CL A
512816109
4317
63200
SH
SOLE
63200
0
0
LAWSON PRODS INC
COM
520776105
3237
132935
SH
SOLE
132935
0
0
LAZYDAYS HLDGS INC
COM
52110H100
267
30000
SH
SOLE
30000
0
0
LEAF GROUP LTD
COM
52177G102
7374
679600
SH
SOLE
679600
0
0
LENDINGTREE INC NEW
COM
52603B107
3425
16018
SH
SOLE
16018
0
0
LITHIA MTRS INC
CL A
536797103
8892
94027
SH
SOLE
94027
0
0
LSC COMMUNICATIONS INC
COM
50218P107
5046
322229
SH
SOLE
322229
0
0
MACQUARIE INFRASTRUCTURE COR
COM
55608B105
6505
154148
SH
SOLE
154148
0
0
MADDEN STEVEN LTD
COM
556269108
6019
113351
SH
SOLE
113351
0
0
MADISON CVRED CALL & EQ STR
COM
557437100
7226
969939
SH
SOLE
969939
0
0
MALIBU BOATS INC
COM CL A
56117J100
18307
436504
SH
SOLE
436504
0
0
MCBC HLDGS INC
COM
55276F107
5013
173170
SH
SOLE
173170
0
0
MCDONALDS CORP
COM
580135101
272
1735
SH
SOLE
1735
0
0
MERIDIAN BK PAOLI PA
COM
58958P104
264
14500
SH
SOLE
14500
0
0
MICROSOFT CORP
COM
594918104
9574
97092
SH
SOLE
97092
0
0
MVC CAPITAL INC
COM
553829102
6293
662447
SH
SOLE
662447
0
0
NATHANS FAMOUS INC NEW
COM
632347100
2117
22500
SH
SOLE
22500
0
0
NATURAL GAS SERVICES GROUP
COM
63886Q109
9339
395716
SH
SOLE
395716
0
0
NAUTILUS INC
COM
63910B102
11812
752342
SH
SOLE
752342
0
0
NCR CORP NEW
COM
62886E108
2691
89759
SH
SOLE
89759
0
0
NEUBERGER BERMAN MLP INCOME
COM
64129H104
12103
1380069
SH
SOLE
1380069
0
0
NORTHSTAR REALTY EUROPE CORP
COM
66706L101
7656
528360
SH
SOLE
528360
0
0
NOVANTA INC
COM
67000B104
8415
135078
SH
SOLE
135078
0
0
NUVEEN BUILD AMER BD FD
COM
67074C103
10556
512189
SH
SOLE
512189
0
0
NUVEEN INTER DURATION MN TMF
COM
670671106
4929
396248
SH
SOLE
396248
0
0
NUVEEN MTG OPPORTUNITY TERM
COM
670735109
10324
439143
SH
SOLE
439143
0
0
NUVEEN PFD & INCOME TERM FD
COM
67075A106
3430
148312
SH
SOLE
148312
0
0
OAKTREE STRATEGIC INCOME COR
COM
67402D104
2043
240351
SH
SOLE
240351
0
0
OFS CAP CORP
COM
67103B100
1870
163155
SH
SOLE
163155
0
0
ORACLE CORP
COM
68389X105
3755
85225
SH
SOLE
85225
0
0
OUTFRONT MEDIA INC
COM
69007J106
6879
353654
SH
SOLE
353654
0
0
PANHANDLE OIL AND GAS INC
CL A
698477106
3507
183610
SH
SOLE
183610
0
0
PAR PACIFIC HOLDINGS INC
COM NEW
69888T207
7837
450909
SH
SOLE
450909
0
0
PAYPAL HLDGS INC
COM
70450Y103
245
2942
SH
SOLE
2942
0
0
PC-TEL INC
COM
69325Q105
179
28700
SH
SOLE
28700
0
0
PCSB FINL CORP
COM
69324R104
3836
193079
SH
SOLE
193079
0
0
PENNANTPARK FLOATING RATE CA
COM
70806A106
7699
563602
SH
SOLE
563602
0
0
PERCEPTRON INC
COM
71361F100
5530
524140
SH
SOLE
524140
0
0
PFIZER INC
COM
717081103
606
16699
SH
SOLE
16699
0
0
PFSWEB INC
COM NEW
717098206
3101
319000
SH
SOLE
319000
0
0
PRGX GLOBAL INC
COM NEW
69357C503
2406
248000
SH
SOLE
248000
0
0
PROCTER AND GAMBLE CO
COM
742718109
225
2877
SH
SOLE
2877
0
0
PZENA INVESTMENT MGMT INC
CLASS A
74731Q103
15798
1715323
SH
SOLE
1715323
0
0
REAVES UTIL INCOME FD
COM SH BEN INT
756158101
5121
177136
SH
SOLE
177136
0
0
RED LION HOTELS CORP
COM
756764106
8108
696000
SH
SOLE
696000
0
0
REIS INC
COM
75936P105
5509
252725
SH
SOLE
252725
0
0
REPUBLIC SVCS INC
COM
760759100
4841
70809
SH
SOLE
70809
0
0
RIGNET INC
COM
766582100
5156
500535
SH
SOLE
500535
0
0
RING ENERGY INC
COM
76680V108
3944
312495
SH
SOLE
312495
0
0
RIVERNORTH DOUBLELINE STRATE
COM
76882G107
6381
360725
SH
SOLE
360725
0
0
ROYCE GLOBAL VALUE TR INC
COM
78081T104
1592
151460
SH
SOLE
151460
0
0
ROYCE MICRO-CAP TR INC
COM
780915104
2459
246168
SH
SOLE
246168
0
0
ROYCE VALUE TR INC
COM
780910105
2926
185218
SH
SOLE
185218
0
0
SB FINL GROUP INC
COM
78408D105
447
22001
SH
SOLE
22001
0
0
SCRIPPS E W CO OHIO
CL A NEW
811054402
6082
454187
SH
SOLE
454187
0
0
SEASPAN CORP
SHS
Y75638109
9360
919471
SH
SOLE
919471
0
0
SELECT ENERGY SVCS INC
CL A COM
81617J301
6215
427770
SH
SOLE
427770
0
0
SILVERCREST ASSET MGMT GROUP
CL A
828359109
8832
541834
SH
SOLE
541834
0
0
SIMULATIONS PLUS INC
COM
829214105
7177
322554
SH
SOLE
322554
0
0
SLEEP NUMBER CORP
COM
83125X103
4283
147577
SH
SOLE
147577
0
0
SOLAR CAP LTD
COM
83413U100
6688
327211
SH
SOLE
327211
0
0
SP PLUS CORP
COM
78469C103
8054
216513
SH
SOLE
216513
0
0
SPOK HLDGS INC
COM
84863T106
11691
776838
SH
SOLE
776838
0
0
SS&C TECHNOLOGIES HLDGS INC
COM
78467J100
5366
103399
SH
SOLE
103399
0
0
STEWARDSHIP FINL CORP
COM
860326107
1328
114000
SH
SOLE
114000
0
0
STONECASTLE FINL CORP
COM
861780104
8860
387074
SH
SOLE
387074
0
0
STRYKER CORP
COM
863667101
228
1351
SH
SOLE
1351
0
0
SUPERIOR DRILLING PRODS INC
COM
868153107
248
128000
SH
SOLE
128000
0
0
SUPERIOR GRP OF COMPANIES IN
COM
868358102
5507
265927
SH
SOLE
265927
0
0
TARGET CORP
COM
87612E106
4757
62491
SH
SOLE
62491
0
0
TCP CAP CORP
COM
87238Q103
2540
175804
SH
SOLE
175804
0
0
TECHTARGET INC
COM
87874R100
19884
700156
SH
SOLE
700156
0
0
TEKLA HEALTHCARE INVS
SH BEN INT
87911J103
6853
318727
SH
SOLE
318727
0
0
TEKLA WORLD HEALTHCARE FD
BEN INT SHS
87911L108
143
11090
SH
SOLE
11090
0
0
THESTREET INC
COM
88368Q103
3773
1730569
SH
SOLE
1730569
0
0
TORCHMARK CORP
COM
891027104
359
4410
SH
SOLE
4410
0
0
TRANSACT TECHNOLOGIES INC
COM
892918103
4263
341000
SH
SOLE
341000
0
0
TRANSCAT INC
COM
893529107
6859
362900
SH
SOLE
362900
0
0
UFP TECHNOLOGIES INC
COM
902673102
5491
178000
SH
SOLE
178000
0
0
UNITED FINL BANCORP INC NEW
COM
910304104
5138
293245
SH
SOLE
293245
0
0
UNITED TECHNOLOGIES CORP
COM
913017109
4330
34629
SH
SOLE
34629
0
0
UNITEDHEALTH GROUP INC
COM
91324P102
9375
38211
SH
SOLE
38211
0
0
US BANCORP DEL
COM NEW
902973304
765
15284
SH
SOLE
15284
0
0
U S PHYSICAL THERAPY INC
COM
90337L108
6802
70858
SH
SOLE
70858
0
0
U S G CORP
COM NEW
903293405
4132
95824
SH
SOLE
95824
0
0
VAREX IMAGING CORP
COM
92214X106
7699
207581
SH
SOLE
207581
0
0
VERIZON COMMUNICATIONS INC
COM
92343V104
4995
99276
SH
SOLE
99276
0
0
VOLT INFORMATION SCIENCES IN
COM
928703107
2191
644482
SH
SOLE
644482
0
0
WASTE MGMT INC DEL
COM
94106L109
5094
62630
SH
SOLE
62630
0
0
WELLS FARGO CO NEW
COM
949746101
643
11590
SH
SOLE
11590
0
0
WESTERN ASSET HGH YLD DFNDFD
COM
95768B107
3707
254111
SH
SOLE
254111
0
0
WESTWOOD HLDGS GROUP INC
COM
961765104
6442
108193
SH
SOLE
108193
0
0