0001251109-16-000039.txt : 20160211
0001251109-16-000039.hdr.sgml : 20160211
20160211113449
ACCESSION NUMBER: 0001251109-16-000039
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20151231
FILED AS OF DATE: 20160211
DATE AS OF CHANGE: 20160211
EFFECTIVENESS DATE: 20160211
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: 161409490
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
12-31-2015
12-31-2015
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
02-11-2016
0
137
151230
false
INFORMATION TABLE
2
minerva13fdec312015v6.xml
MINERVA 13F 4Q 2015
AEHR TEST SYSTEMS
COM
00760J108
34
18100
SH
OTR
0
18100
0
AEHR TEST SYSTEMS
COM
00760J108
77
40602
SH
SOLE
40602
0
0
AH BELO CORP
COM CL A
001282102
1662
332304
SH
OTR
0
332304
0
AH BELO CORP
COM CL A
001282102
2377
475486
SH
SOLE
475486
0
0
AMERISERV FINANC INC
COM
03074A102
197
61700
SH
OTR
0
61700
0
AMERISERV FINANC INC
COM
03074A102
212
66300
SH
SOLE
66300
0
0
AMPCO-PITTSBURGH CORP
COM
032037103
310
30200
SH
OTR
0
30200
0
AMPCO-PITTSBURGH CORP
COM
032037103
123
12000
SH
SOLE
12000
0
0
ASML HOLDING N V
NY REG SHS
N07059210
993
11187
SH
OTR
0
11187
0
ASML HOLDING N V
NY REG SHS
N07059210
104
1176
SH
SOLE
1176
0
0
ASTRONICS CORP
COM
046433108
549
13508
SH
OTR
0
13508
0
ASTRONICS CORP
COM
046433108
812
19981
SH
SOLE
19981
0
0
ATRION CORP
COM
049904105
457
1200
SH
OTR
0
1200
0
ATRION CORP
COM
049904105
1331
3498
SH
SOLE
3498
0
0
BENEFICIAL BANCORP INC
COM
08171T102
38
2826
SH
OTR
0
2826
0
BENEFICIAL BANCORP INC
COM
08171T102
365
27405
SH
SOLE
27405
0
0
BREEZE EASTERN CORP
COM
106764103
257
13000
SH
OTR
0
13000
0
CAMDEN NATIONAL CORP
COM
133034108
3333
75651
SH
OTR
0
75651
0
CAMDEN NATIONAL CORP
COM
133034108
1771
40185
SH
SOLE
40185
0
0
CECO ENVIRONMENTAL CORP
COM
125141101
704
91686
SH
OTR
0
91686
0
CECO ENVIRONMENTAL CORP
COM
125141101
918
119525
SH
SOLE
119525
0
0
CENTURY BANCORP INC MASS
CL A NON VTG
156432106
1142
26450
SH
OTR
0
26450
0
CENTURY BANCORP INC MASS
CL A NON VTG
156432106
417
9663
SH
SOLE
9663
0
0
CHASE CORP
COM
16150R104
9307
228505
SH
OTR
0
228505
0
CHASE CORP
COM
16150R104
7478
183591
SH
SOLE
183591
0
0
CHARTER FINL CORP MD
COM
16122W108
671
50989
SH
OTR
0
50989
0
CHARTER FINL CORP MD
COM
16122W108
1167
88669
SH
SOLE
88669
0
0
CHEMICAL FINANCIAL
COM
163731102
504
14730
SH
OTR
0
14730
0
CHEMICAL FINANCIAL
COM
163731102
924
27005
SH
SOLE
27005
0
0
CITIZENS & NORTHERN CORP
COM
172922106
344
16400
SH
OTR
0
16400
0
CITIZENS & NORTHERN CORP
COM
172922106
557
26500
SH
SOLE
26500
0
0
COMMAND SECURITY CORP
COM
20050L100
9
4100
SH
OTR
0
4100
0
COMMAND SECURITY CORP
COM
20050L100
61
26450
SH
SOLE
26450
0
0
COMMUNITY BANK SYS INC
COM
203607106
670
16772
SH
OTR
0
16772
0
COMMUNITY BANK SYS INC
COM
203607107
1
27
SH
SOLE
27
0
0
COMPUTER TASK GROUP INC
COM
205477102
1520
232053
SH
OTR
0
232053
0
COMPUTER TASK GROUP INC
COM
205477102
2878
439434
SH
SOLE
439434
0
0
DAWSON GEOPHYSICAL CO NEW
COM
239360100
505
146889
SH
OTR
0
146889
0
DAWSON GEOPHYSICAL CO NEW
COM
239360100
770
223776
SH
SOLE
223776
0
0
DELUXE CORP
COM
248019101
1882
34500
SH
OTR
0
34500
0
DELUXE CORP
COM
248019101
480
8800
SH
SOLE
8800
0
0
DONEGAL GROUP INC
CL B
257701300
185
11450
SH
OTR
0
11450
0
DONEGAL GROUP INC
CL B
257701300
162
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
1413
29760
SH
OTR
0
29760
0
DORMAN PRODUCTS INC
COM
258278100
754
15880
SH
SOLE
15880
0
0
EAGLE BANCORP MONT INC
COM
26942G100
104
8400
SH
OTR
0
8400
0
EAGLE BANCORP MONT INC
COM
26942G100
213
17198
SH
SOLE
17198
0
0
EASTERN CO
COM
276317104
2684
144929
SH
OTR
0
144929
0
EASTERN CO
COM
276317104
4118
222345
SH
SOLE
222345
0
0
ECOLOGY & ENVRNMT INC
CL A
278878103
299
29304
SH
OTR
0
29304
0
ECOLOGY & ENVRNMT INC
CL A
278878103
473
46370
SH
SOLE
46370
0
0
EMCLAIRE FINANCIAL CORP
COM
290828102
308
12824
SH
OTR
0
12824
0
EMCLAIRE FINANCIAL CORP
COM
290828102
61
2535
SH
SOLE
2535
0
0
ESCALADE INC
COM
296056104
2358
177952
SH
OTR
0
177952
0
ESCALADE INC
COM
296056104
2243
169270
SH
SOLE
169270
0
0
FNB CORP
COM
302520101
345
25881
SH
OTR
0
25881
0
FNB CORP
COM
302520101
942
70665
SH
SOLE
70665
0
0
FIRST MERCHANTS CORP
COM
320817109
144
5655
SH
OTR
0
5655
0
FIRST MERCHANTS CORP
COM
320817109
160
6305
SH
SOLE
6305
0
0
FOSTER L B CO
COM
350060109
1156
84643
SH
OTR
0
84643
0
FOSTER L B CO
COM
350060109
294
21489
SH
SOLE
21489
0
0
GLOBAL POWER EQUIP GP I
COM PAR $0.01
37941P306
602
173047
SH
OTR
0
173047
0
GLOBAL POWER EQUIP GP I
COM PAR $0.01
37941P306
1009
289862
SH
SOLE
289862
0
0
GREAT LAKES DREDGE & DOCK CO
COM
390607109
1280
323300
SH
OTR
0
323300
0
GREAT LAKES DREDGE & DOCK CO
COM
390607109
1862
470177
SH
SOLE
470177
0
0
HORIZON BANCORP INDIANA
COM
440407104
146
5218
SH
OTR
0
5218
0
HORIZON BANCORP INDIANA
COM
440407104
410
14661
SH
SOLE
14661
0
0
IBERIABANK CORP
COM
450828108
882
16035
SH
OTR
0
16035
0
IBERIABANK CORP
COM
450828108
543
9877
SH
SOLE
9877
0
0
IMMUCELL CORP
COM
452525306
41
5500
SH
SOLE
0
5500
0
IMMUCELL CORP
COM
452525306
67
9059
SH
OTR
9059
0
0
INFUSYSTEM HLDGS INC
COM
45685K102
2429
804352
SH
OTR
0
804352
0
INFUSYSTEM HLDGS INC
COM
45685K102
3874
1282712
SH
SOLE
1282712
0
0
INVESTORS BANCORP INC NEW
COM
46146L101
307
24711
SH
OTR
0
24711
0
INVESTORS BANCORP INC NEW
COM
46146L101
846
67990
SH
SOLE
67990
0
0
JACKSONVILLE BANCORP INC MD
COM
46924R106
293
11703
SH
OTR
0
11703
0
JACKSONVILLE BANCORP INC MD
COM
46924R106
486
19442
SH
SOLE
19442
0
0
JOURNAL MEDIA GROUP INC
CL A
48114A102
987
82082
SH
OTR
0
82082
0
JOURNAL MEDIA GROUP INC
CL A
48114A109
1367
113686
SH
SOLE
113686
0
0
KAPSTONE PAPER & PACKAGING CORP
COM
48562P103
4907
217199
SH
OTR
0
217199
0
KAPSTONE PAPER & PACKAGING CORP
COM
48562P103
7727
342050
SH
SOLE
342050
0
0
KOSS CORP
COM
500692108
74
38100
SH
OTR
0
38100
0
KOSS CORP
COM
500692108
153
78246
SH
SOLE
78246
0
0
LAKE SHORE BANCORP INC
COM
510700107
126
9400
SH
OTR
0
9400
0
LAKE SHORE BANCORP INC
COM
510700107
273
20269
SH
SOLE
20269
0
0
MALVERN BANCORP INC
COM
561409103
2107
120000
SH
SOLE
120000
0
0
MAM SOFTWARE GROUP INC
COM NEW
55277Q201
72
10330
SH
SOLE
10330
0
0
MER TELEMANAGEMENT SOLUTIONS
SHS
M69676126
30
36651
SH
OTR
0
36651
0
MER TELEMANAGEMENT SOLUTIONS
SHS
M69676126
152
185974
SH
SOLE
185974
0
0
MUTUALFIRST FINL INC
COM
62845B104
620
25260
SH
OTR
0
25260
0
MUTUALFIRST FINL INC
COM
62845B104
139
5666
SH
SOLE
5666
0
0
NATIONAL PENN BANCSHARES INC
COM
637138108
820
66542
SH
OTR
0
66542
0
NATIONAL PENN BANCSHARES INC
COM
637138108
665
53948
SH
SOLE
53948
0
0
NAVIGATOR HOLDINGS LTD
SHS
Y62132108
1818
133122
SH
OTR
0
133122
0
NAVIGATOR HOLDINGS LTD
SHS
Y62132108
3393
248412
SH
SOLE
248412
0
0
NORTHWEST BANCSHARES INC MD
COM
667340103
603
45000
SH
OTR
0
45000
0
NORTHWEST BANCSHARES INC MD
COM
667340103
383
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
215
11451
SH
OTR
0
11451
0
OCONEE FED FINL CORP
COM
675607105
215
11451
SH
SOLE
11451
0
0
ONVIA INC
COM NEW
68338T403
556
154500
SH
OTR
0
154500
0
ONVIA INC
COM NEW
68338T403
1078
299553
SH
SOLE
299553
0
0
PATHFINDER BANCORP INC
COM
70319R109
712
55437
SH
OTR
0
55437
0
PATHFINDER BANCORP INC
COM
70319R109
1336
103937
SH
SOLE
103937
0
0
PROASSURANCE CORP
COM
74267C106
934
19244
SH
OTR
0
19244
0
PROASSURANCE CORP
COM
74267C106
442
9114
SH
SOLE
9114
0
0
PROV & WOR RAILRD CO
COM
743737108
351
25500
SH
OTR
0
25500
0
PROV & WOR RAILRD CO
COM
743737108
21
1500
SH
SOLE
1500
0
0
PSB HOLDINGS INC
COM
69360W108
103
10152
SH
OTR
0
10152
0
PSB HOLDINGS INC
COM
69360W108
160
15745
SH
SOLE
15745
0
0
RAND LOGISTICS INC
COM
752182105
964
602668
SH
OTR
0
602668
0
RAND LOGISTICS INC
COM
752182105
1853
1158175
SH
SOLE
1158175
0
0
SAGA COMMUNICATIONS INC
CL A NEW
786598300
795
20872
SH
OTR
0
20872
0
SAGA COMMUNICATIONS INC
CL A NEW
786598300
1605
42125
SH
SOLE
42125
0
0
SCRIPPS E W CO OHIO
CL A NEW
811054402
4864
255980
SH
OTR
0
255980
0
SCRIPPS E W CO OHIO
CL A NEW
811054402
6860
361051
SH
SOLE
361051
0
0
SIFCO INDUSTRIES INC
COM
826546103
119
12500
SH
OTR
0
12500
0
SIFCO INDUSTRIES INC
COM
826546103
263
27703
SH
SOLE
27703
0
0
STATE AUTO FINANCIAL CORP
COM
855707105
321
15630
SH
OTR
0
15630
0
STATE AUTO FINANCIAL CORP
COM
855707105
591
28828
SH
SOLE
28828
0
0
SYNALLOY CP DEL
COM
871565107
43
6300
SH
OTR
0
6300
0
SYNALLOY CP DEL
COM
871565107
88
12800
SH
SOLE
12800
0
0
TRANSCAT INC
COM
893529107
1476
153794
SH
OTR
0
153794
0
TRANSCAT INC
COM
893529107
2496
259960
SH
SOLE
259960
0
0
TREDEGAR CORP
COM
894650100
98
7177
SH
OTR
0
7177
0
TREDEGAR CORP
COM
894650100
166
12200
SH
SOLE
12200
0
0
UNIVERSAL STAINLESS & ALLOY
COM
913837100
1121
120967
SH
OTR
0
120967
0
UNIVERSAL STAINLESS & ALLOY
COM
913837100
1746
188403
SH
SOLE
188403
0
0
US LIME & MINERAL
COM
911922102
3350
60909
SH
OTR
0
60909
0
US LIME & MINERAL
COM
911922102
3649
66353
SH
SOLE
66353
0
0
VILLAGE BANK & TRUST FIN CO
COM
92705T200
400
21037
SH
SOLE
21037
0
0
VIRCO MANUFACTURING CO
COM
927651109
1444
440133
SH
OTR
0
440133
0
VIRCO MANUFACTURING CO
COM
927651109
1982
604315
SH
SOLE
604315
0
0
WATERSTONE FINANCIAL INC MD
COM
94188P101
181
12829
SH
SOLE
12829
0
0