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 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 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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 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