0001251109-15-000016.txt : 20151112
0001251109-15-000016.hdr.sgml : 20151112
20151112110530
ACCESSION NUMBER: 0001251109-15-000016
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20150930
FILED AS OF DATE: 20151112
DATE AS OF CHANGE: 20151112
EFFECTIVENESS DATE: 20151112
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Minerva Advisors LLC
CENTRAL INDEX KEY: 0001541536
IRS NUMBER: 753088079
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-14665
FILM NUMBER: 151222507
BUSINESS ADDRESS:
STREET 1: 50 MONUMENT ROAD
STREET 2: SUITE 201
CITY: BALA CYNWYD
STATE: PA
ZIP: 19004
BUSINESS PHONE: (484) 434-2258
MAIL ADDRESS:
STREET 1: 50 MONUMENT ROAD
STREET 2: SUITE 201
CITY: BALA CYNWYD
STATE: PA
ZIP: 19004
13F-HR
1
primary_doc.xml
13F-HR
LIVE
false
true
false
0001541536
XXXXXXXX
09-30-2015
09-30-2015
Minerva Advisors LLC
50 MONUMENT ROAD
SUITE 201
BALA CYNWYD
PA
19004
13F HOLDINGS REPORT
028-14665
Y
In the Information Table, shares reported as "SOLE" under Column 6 and Column 8 are held by Minerva Group, LP, a private fund managed by Minerva Advisors LLC. Shares reported as "OTR" under Column 6 and "SHARED" under Column 8 relate to managed accounts for which Minerva Advisors LLC is the investment advisor.
Beth N. Lowson
Attorney-In-Fact for David P. Cohen, President of Minerva
914-220-1919
Beth N. Lowson
White Plains
NY
11-12-2015
0
140
140774
false
INFORMATION TABLE
2
minerva13f2015live1.xml
MINERVA 13F 3Q 2015
AEHR TEST SYSTEMS
COM
00760J108
42
18100
SH
OTR
0
18100
0
AEHR TEST SYSTEMS
COM
00760J108
94
40602
SH
SOLE
40602
0
0
AH BELO CORP
COM CL A
001282102
1638
332304
SH
OTR
0
332304
0
AH BELO CORP
COM CL A
001282102
2344
475486
SH
SOLE
475486
0
0
AMERISERV FINANC INC
COM
03074A102
188
58700
SH
OTR
0
58700
0
AMERISERV FINANC INC
COM
03074A102
194
60300
SH
SOLE
60300
0
0
AMPCO-PITTSBURGH CORP
COM
032037103
386
35400
SH
OTR
0
35400
0
AMPCO-PITTSBURGH CORP
COM
032037103
268
24571
SH
SOLE
24571
0
0
ASML HOLDING N V
NY REG SHS
N07059210
1451
16488
SH
OTR
0
16488
0
ASML HOLDING N V
NY REG SHS
N07059210
103
1176
SH
SOLE
1176
0
0
ASTRONICS CORP
COM
046433108
546
13508
SH
OTR
0
13508
0
ASTRONICS CORP
COM
046433108
808
19981
SH
SOLE
19981
0
0
ATRION CORP
COM
049904105
445
1200
SH
OTR
0
1200
0
ATRION CORP
COM
049904105
1296
3498
SH
SOLE
3498
0
0
BENEFICIAL BANCORP INC
COM
08171T102
37
2826
SH
OTR
0
2826
0
BENEFICIAL BANCORP INC
COM
08171T102
363
27405
SH
SOLE
27405
0
0
BREEZE EASTERN CORP
COM
106764103
182
13000
SH
OTR
0
13000
0
CAMDEN NATIONAL CORP
COM
133034108
3056
75651
SH
OTR
0
75651
0
CAMDEN NATIONAL CORP
COM
133034108
1623
40185
SH
SOLE
40185
0
0
CECO ENVIRONMENTAL CORP
COM
125141101
750
91687
SH
OTR
0
91687
0
CECO ENVIRONMENTAL CORP
COM
125141101
978
119525
SH
SOLE
119525
0
0
CENTURY BANCORP INC MASS
CL A NON VTG
156432106
1078
26450
SH
OTR
0
26450
0
CENTURY BANCORP INC MASS
CL A NON VTG
156432106
394
9663
SH
SOLE
9663
0
0
CHASE CORP
COM
16150R104
9001
228505
SH
OTR
0
228505
0
CHASE CORP
COM
16150R104
7232
183591
SH
SOLE
183591
0
0
CHARTER FINL CORP MD
COM
16122W108
647
50989
SH
OTR
0
50989
0
CHARTER FINL CORP MD
COM
16122W108
1124
88669
SH
SOLE
88669
0
0
CHEMICAL FINANCIAL
COM
163731102
476
14730
SH
OTR
0
14730
0
CHEMICAL FINANCIAL
COM
163731102
873
27005
SH
SOLE
27005
0
0
CITIZENS & NORTHERN CORP
COM
172922106
320
16400
SH
OTR
0
16400
0
CITIZENS & NORTHERN CORP
COM
172922106
517
26500
SH
SOLE
26500
0
0
COMMAND SECURITY CORP
COM
20050L100
8
4100
SH
OTR
0
4100
0
COMMAND SECURITY CORP
COM
20050L100
49
26450
SH
SOLE
26450
0
0
COMMUNITY BANK SYS INC
COM
203607106
518
13938
SH
OTR
0
13938
0
COMPUTER TASK GROUP INC
COM
205477102
1392
224534
SH
OTR
0
224534
0
COMPUTER TASK GROUP INC
COM
205477102
2647
427014
SH
SOLE
427014
0
0
DAWSON GEOPHYSICAL CO NEW
COM
239360100
523
137289
SH
OTR
0
137289
0
DAWSON GEOPHYSICAL CO NEW
COM
239360100
729
191373
SH
SOLE
191373
0
0
DELUXE CORP
COM
248019101
1923
34500
SH
OTR
0
34500
0
DELUXE CORP
COM
248019101
491
8800
SH
SOLE
8800
0
0
DONEGAL GROUP INC
CL B
257701300
212
11450
SH
OTR
0
11450
0
DONEGAL GROUP INC
CL B
257701300
186
10056
SH
SOLE
10056
0
0
DONEGAL GROUP INC
CL A
257701201
349
24882
SH
OTR
0
24882
0
DONEGAL GROUP INC
CL A
257701201
46
3280
SH
SOLE
3280
0
0
DORMAN PRODUCTS INC
COM
258278100
1513
29760
SH
OTR
0
29760
0
DORMAN PRODUCTS INC
COM
258278100
807
15880
SH
SOLE
15880
0
0
EAGLE BANCORP MONT INC
COM
26942G100
95
8400
SH
OTR
0
8400
0
EAGLE BANCORP MONT INC
COM
26942G100
194
17198
SH
SOLE
17198
0
0
EASTERN CO
COM
276317104
2319
144929
SH
OTR
0
144929
0
EASTERN CO
COM
276317104
3558
222345
SH
SOLE
222345
0
0
ECOLOGY & ENVRNMT INC
CL A
278878103
319
27704
SH
OTR
0
27704
0
ECOLOGY & ENVRNMT INC
CL A
278878103
497
43170
SH
SOLE
43170
0
0
EMCLAIRE FINANCIAL CORP
COM
290828102
295
12824
SH
OTR
0
12824
0
EMCLAIRE FINANCIAL CORP
COM
290828102
58
2535
SH
SOLE
2535
0
0
ESCALADE INC
COM
296056104
2830
179252
SH
OTR
0
179252
0
ESCALADE INC
COM
296056104
2673
169270
SH
SOLE
169270
0
0
FNB CORP
COM
302520101
335
25881
SH
OTR
0
25881
0
FNB CORP
COM
302520101
915
70665
SH
SOLE
70665
0
0
FIRST MERCHANTS CORP
COM
320817109
148
5655
SH
OTR
0
5655
0
FIRST MERCHANTS CORP
COM
320817109
165
6305
SH
SOLE
6305
0
0
FOSTER L B CO
COM
350060109
1039
84643
SH
OTR
0
84643
0
FOSTER L B CO
COM
350060109
264
21489
SH
SOLE
21489
0
0
GANNETT CO INC
COM
36473H104
122
8300
SH
OTR
0
8300
0
GANNETT CO INC
COM
36473H104
246
16700
SH
SOLE
16700
0
0
GLOBAL POWER EQUIP GP I
COM PAR $0.01
37941P306
635
173047
SH
OTR
0
173047
0
GLOBAL POWER EQUIP GP I
COM PAR $0.01
37941P306
1064
289862
SH
SOLE
289862
0
0
GREAT LAKES DREDGE & DOCK CO
COM
390607109
1588
315000
SH
OTR
0
315000
0
GREAT LAKES DREDGE & DOCK CO
COM
390607109
2286
453477
SH
SOLE
453477
0
0
HORIZON BANCORP INDIANA
COM
440407104
124
5218
SH
OTR
0
5218
0
HORIZON BANCORP INDIANA
COM
440407104
347
14661
SH
SOLE
14661
0
0
IBERIABANK CORP
COM
450828108
933
16035
SH
OTR
0
16035
0
IBERIABANK CORP
COM
450828108
575
9877
SH
SOLE
9877
0
0
IMMUCELL CORP
COM
452525306
33
5500
SH
SOLE
0
5500
0
IMMUCELL CORP
COM
452525306
54
9059
SH
OTR
9059
0
0
INFUSYSTEM HLDGS INC
COM
45685K102
2220
804352
SH
OTR
0
804352
0
INFUSYSTEM HLDGS INC
COM
45685K102
3540
1282712
SH
SOLE
1282712
0
0
INVESTORS BANCORP INC NEW
COM
46146L101
305
24711
SH
OTR
0
24711
0
INVESTORS BANCORP INC NEW
COM
46146L101
839
67990
SH
SOLE
67990
0
0
JACKSONVILLE BANCORP INC MD
COM
46924R106
278
11703
SH
OTR
0
11703
0
JACKSONVILLE BANCORP INC MD
COM
46924R106
462
19442
SH
SOLE
19442
0
0
JOURNAL MEDIA GROUP INC
CL A
48114A102
616
82082
SH
OTR
0
82082
0
JOURNAL MEDIA GROUP INC
CL A
48114A109
853
113686
SH
SOLE
113686
0
0
KAPSTONE PAPER & PACKAGING CORP
COM
48562P103
3586
217199
SH
OTR
0
217199
0
KAPSTONE PAPER & PACKAGING CORP
COM
48562P103
5647
342050
SH
SOLE
342050
0
0
KOSS CORP
COM
500692108
82
38100
SH
OTR
0
38100
0
KOSS CORP
COM
500692108
148
68455
SH
SOLE
68455
0
0
LAKE SHORE BANCORP INC
COM
510700107
126
9400
SH
OTR
0
9400
0
LAKE SHORE BANCORP INC
COM
510700107
272
20269
SH
SOLE
20269
0
0
MALVERN BANCORP INC
COM
561409103
1878
120000
SH
SOLE
120000
0
0
MAM SOFTWARE GROUP INC
COM NEW
55277Q201
242
41113
SH
SOLE
41113
0
0
MER TELEMANAGEMENT SOLUTIONS
SHS
M69676126
45
36651
SH
OTR
0
36651
0
MER TELEMANAGEMENT SOLUTIONS
SHS
M69676126
229
185974
SH
SOLE
185974
0
0
MUTUALFIRST FINL INC
COM
62845B104
584
25260
SH
OTR
0
25260
0
MUTUALFIRST FINL INC
COM
62845B104
131
5666
SH
SOLE
5666
0
0
NATIONAL PENN BANCSHARES INC
COM
637138108
887
75488
SH
OTR
0
75488
0
NATIONAL PENN BANCSHARES INC
COM
637138108
634
53948
SH
SOLE
53948
0
0
NAVIGATOR HOLDINGS LTD
SHS
Y62132108
1508
112922
SH
OTR
0
112922
0
NAVIGATOR HOLDINGS LTD
SHS
Y62132108
2793
209237
SH
SOLE
209237
0
0
NORTHWEST BANCSHARES INC MD
COM
667340103
584
45000
SH
OTR
0
45000
0
NORTHWEST BANCSHARES INC MD
COM
667340103
371
28625
SH
SOLE
28625
0
0
NORWOOD FINANCIAL CORP
COM
669549107
169
5973
SH
OTR
0
5973
0
NORWOOD FINANCIAL CORP
COM
669549107
248
8764
SH
SOLE
8764
0
0
OCONEE FED FINL CORP
COM
675607105
204
11451
SH
OTR
0
11451
0
OCONEE FED FINL CORP
COM
675607105
204
11451
SH
SOLE
11451
0
0
ONVIA INC
COM NEW
68338T403
547
137200
SH
OTR
0
137200
0
ONVIA INC
COM NEW
68338T403
1059
265353
SH
SOLE
265353
0
0
PATHFINDER BANCORP INC
COM
70319R109
605
55437
SH
OTR
0
55437
0
PATHFINDER BANCORP INC
COM
70319R109
1134
103937
SH
SOLE
103937
0
0
PDI INC
COM
69329V100
17
9323
SH
OTR
0
9323
0
PDI INC
COM
69329V100
24
12872
SH
SOLE
12872
0
0
PROASSURANCE CORP
COM
74267C106
944
19244
SH
OTR
0
19244
0
PROASSURANCE CORP
COM
74267C106
447
9114
SH
SOLE
9114
0
0
PROV & WOR RAILRD CO
COM
743737108
395
25500
SH
OTR
0
25500
0
PROV & WOR RAILRD CO
COM
743737108
23
1500
SH
SOLE
1500
0
0
PSB HOLDINGS INC
COM
69360W108
95
10152
SH
OTR
0
10152
0
PSB HOLDINGS INC
COM
69360W108
148
15745
SH
SOLE
15745
0
0
RAND LOGISTICS INC
COM
752182105
1028
489613
SH
OTR
0
489613
0
RAND LOGISTICS INC
COM
752182105
1991
948331
SH
SOLE
948331
0
0
SAGA COMMUNICATIONS INC
CL A NEW
786598300
702
20872
SH
OTR
0
20872
0
SAGA COMMUNICATIONS INC
CL A NEW
786598300
1416
42125
SH
SOLE
42125
0
0
SCRIPPS E W CO OHIO
CL A NEW
811054402
4523
255980
SH
OTR
0
255980
0
SCRIPPS E W CO OHIO
CL A NEW
811054402
6380
361051
SH
SOLE
361051
0
0
SIFCO INDUSTRIES INC
COM
826546103
125
11100
SH
OTR
0
11100
0
SIFCO INDUSTRIES INC
COM
826546103
261
23092
SH
SOLE
23092
0
0
STATE AUTO FINANCIAL CORP
COM
855707105
357
15630
SH
OTR
0
15630
0
STATE AUTO FINANCIAL CORP
COM
855707105
658
28828
SH
SOLE
28828
0
0
TRANSCAT INC
COM
893529107
1461
153794
SH
OTR
0
153794
0
TRANSCAT INC
COM
893529107
2470
259960
SH
SOLE
259960
0
0
TREDEGAR CORP
COM
894650100
94
7177
SH
OTR
0
7177
0
TREDEGAR CORP
COM
894650100
160
12200
SH
SOLE
12200
0
0
UNIVERSAL STAINLESS & ALLOY
COM
913837100
462
44000
SH
OTR
0
44000
0
UNIVERSAL STAINLESS & ALLOY
COM
913837100
390
37190
SH
SOLE
37190
0
0
US LIME & MINERAL
COM
911922102
2707
59009
SH
OTR
0
59009
0
US LIME & MINERAL
COM
911922102
2854
62209
SH
SOLE
62209
0
0
VILLAGE BANK & TRUST FIN CO
COM
92705T200
433
21037
SH
SOLE
21037
0
0
VIRCO MANUFACTURING CO
COM
927651109
1303
440133
SH
OTR
0
440133
0
VIRCO MANUFACTURING CO
COM
927651109
1789
604315
SH
SOLE
604315
0
0
WATERSTONE FINANCIAL INC MD
COM
94188P101
173
12829
SH
SOLE
12829
0
0
WPX ENERGY INC
COM
98212B103
125
18900
SH
OTR
0
18900
0
WPX ENERGY INC
COM
98212B103
231
34900
SH
SOLE
34900
0
0