0001251109-18-000009.txt : 20180202
0001251109-18-000009.hdr.sgml : 20180202
20180202103442
ACCESSION NUMBER: 0001251109-18-000009
CONFORMED SUBMISSION TYPE: 13F-HR/A
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20171231
FILED AS OF DATE: 20180202
DATE AS OF CHANGE: 20180202
EFFECTIVENESS DATE: 20180202
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Minerva Advisors LLC
CENTRAL INDEX KEY: 0001541536
IRS NUMBER: 753088079
FILING VALUES:
FORM TYPE: 13F-HR/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-14665
FILM NUMBER: 18569103
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/A
1
primary_doc.xml
13F-HR/A
LIVE
false
true
false
0001541536
XXXXXXXX
12-31-2017
12-31-2017
true
1
RESTATEMENT
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
02-02-2018
0
142
185087
false
INFORMATION TABLE
2
minerva13f4q17exportv3.xml
MINERVA 13F AM 1 4Q17
AEHR TEST SYSTEMS
COM
00760J108
23
8600
SH
OTR
0
8600
0
AEHR TEST SYSTEMS
COM
00760J108
45
16713
SH
SOLE
16713
0
0
AH BELO CORP
COM CL A
001282102
1720
358365
SH
OTR
0
358365
0
AH BELO CORP
COM CL A
001282102
2628
547597
SH
SOLE
547597
0
0
AMERISERV FINANC INC
COM
03074A102
253
61700
SH
OTR
0
61700
0
AMERISERV FINANC INC
COM
03074A102
272
66300
SH
SOLE
66300
0
0
ASML HOLDING N V
NY REG SHS
N07059210
110
631
SH
OTR
0
631
0
ASML HOLDING N V
NY REG SHS
N07059210
204
1176
SH
SOLE
1176
0
0
ASTRONICS CORP
COM
046433108
560
13508
SH
OTR
0
13508
0
ASTRONICS CORP
COM
046433108
829
19981
SH
SOLE
19981
0
0
BENEFICIAL BANCORP INC
COM
08171T102
46
2826
SH
OTR
0
2826
0
BENEFICIAL BANCORP INC
COM
08171T102
451
27405
SH
SOLE
27405
0
0
BB&T CORP
COM
054937107
392
7890
SH
OTR
0
7890
0
BB&T CORP
COM
054937107
412
8280
SH
SOLE
8280
0
0
CAMDEN NATIONAL CORP
COM
133034108
4368
103675
SH
OTR
0
103675
0
CAMDEN NATIONAL CORP
COM
133034108
2401
56983
SH
SOLE
56983
0
0
CECO ENVIRONMENTAL CORP
COM
125141101
200
39056
SH
OTR
0
39056
0
CECO ENVIRONMENTAL CORP
COM
125141101
574
111866
SH
SOLE
111866
0
0
CENTURY BANCORP INC MASS
CL A NON VTG
156432106
1786
22950
SH
OTR
0
22950
0
CENTURY BANCORP INC MASS
CL A NON VTG
156432106
752
9663
SH
SOLE
9663
0
0
CHASE CORP
COM
16150R104
10991
91210
SH
OTR
0
91210
0
CHASE CORP
COM
16150R104
15932
132213
SH
SOLE
132213
0
0
CHARTER FINL CORP MD
COM
16122W108
893
51004
SH
OTR
0
51004
0
CHARTER FINL CORP MD
COM
16122W108
1553
88669
SH
SOLE
88669
0
0
CHEMICAL FINANCIAL
COM
163731102
87
1620
SH
OTR
0
1620
0
CHEMICAL FINANCIAL
COM
163731102
471
8805
SH
SOLE
8805
0
0
CITIZENS & NORTHERN CORP
COM
172922106
394
16400
SH
OTR
0
16400
0
CITIZENS & NORTHERN CORP
COM
172922106
636
26500
SH
SOLE
26500
0
0
COMMAND SECURITY CORP
COM
20050L100
13
4100
SH
OTR
0
4100
0
COMMAND SECURITY CORP
COM
20050L100
49
15895
SH
SOLE
15895
0
0
COMMUNITY BANK SYS INC
COM
203607106
901
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
1950
382261
SH
OTR
0
382261
0
COMPUTER TASK GROUP INC
COM
205477102
3728
730950
SH
SOLE
730950
0
0
COMPX INTERNATIONAL
CL A
20563P101
59
4400
SH
OTR
0
4400
0
COMPX INTERNATIONAL
CL A
20563P101
111
8309
SH
SOLE
8309
0
0
CONTINENTAL MATERIALS CORP
COM PAR $0.25
211615307
64
3356
SH
OTR
0
3356
0
CONTINENTAL MATERIALS CORP
COM PAR $0.25
211615307
175
9198
SH
SOLE
9198
0
0
CSS INDUSTRIES INC
COM
125906107
335
12041
SH
OTR
0
12041
0
CSS INDUSTRIES INC
COM
125906107
732
26297
SH
SOLE
26297
0
0
DAWSON GEOPHYSICAL CO NEW
COM
239360100
383
77709
SH
OTR
0
77709
0
DAWSON GEOPHYSICAL CO NEW
COM
239360100
1485
301116
SH
SOLE
301116
0
0
DELUXE CORP
COM
248019101
1959
25500
SH
OTR
0
25500
0
DELUXE CORP
COM
248019101
676
8800
SH
SOLE
8800
0
0
DONEGAL GROUP INC
CL B
257701300
161
11450
SH
OTR
0
11450
0
DONEGAL GROUP INC
CL B
257701300
141
10056
SH
SOLE
10056
0
0
DONEGAL GROUP INC
CL A
257701201
430
24882
SH
OTR
0
24882
0
DONEGAL GROUP INC
CL A
257701201
57
3280
SH
SOLE
3280
0
0
DORMAN PRODUCTS INC
COM
258278100
623
10190
SH
OTR
0
10190
0
DORMAN PRODUCTS INC
COM
258278100
904
14780
SH
SOLE
14780
0
0
EAGLE BANCORP MONT INC
COM
26942G100
173
8400
SH
OTR
0
8400
0
EAGLE BANCORP MONT INC
COM
26942G100
354
17198
SH
SOLE
17198
0
0
EASTERN CO
COM
276317104
3707
142016
SH
OTR
0
142016
0
EASTERN CO
COM
276317104
5611
214985
SH
SOLE
214985
0
0
ECOLOGY & ENVRNMT INC
CL A
278878103
342
32904
SH
OTR
0
32904
0
ECOLOGY & ENVRNMT INC
CL A
278878103
514
49463
SH
SOLE
49463
0
0
EMCLAIRE FINANCIAL CORP
COM
290828102
389
12824
SH
OTR
0
12824
0
EMCLAIRE FINANCIAL CORP
COM
290828102
77
2535
SH
SOLE
2535
0
0
ENTERCOM COMMUNICATIONS
COM
293639100
1019
94368
SH
OTR
0
94368
0
ENTERCOM COMMUNICATIONS
COM
293639100
1847
170992
SH
SOLE
170992
0
0
ESCALADE INC
COM
296056104
2503
203490
SH
OTR
0
203490
0
ESCALADE INC
COM
296056104
2722
221308
SH
SOLE
221308
0
0
FNB CORP
COM
302520101
358
25883
SH
OTR
0
25883
0
FNB CORP
COM
302520101
977
70665
SH
SOLE
70665
0
0
FIRST MERCHANTS CORP
COM
320817109
238
5655
SH
OTR
0
5655
0
FIRST MERCHANTS CORP
COM
320817109
265
6305
SH
SOLE
6305
0
0
FOSTER L B CO
COM
350060109
2188
80743
SH
OTR
0
80743
0
FOSTER L B CO
COM
350060109
582
21489
SH
SOLE
21489
0
0
FSB BANCORP INC
COM
30289C102
21
1200
SH
OTR
0
1200
0
FSB BANCORP INC
COM
30289C102
167
9734
SH
SOLE
9734
0
0
GREAT LAKES DREDGE & DOCK CO
COM
390607109
2266
419600
SH
OTR
0
419600
0
GREAT LAKES DREDGE & DOCK CO
COM
390607109
3735
691733
SH
SOLE
691733
0
0
HORIZON BANCORP INDIANA
COM
440407104
218
7825
SH
OTR
0
7825
0
HORIZON BANCORP INDIANA
COM
440407104
611
21991
SH
SOLE
21991
0
0
HV BANCORP INC
COM
40441H105
394
25890
SH
SOLE
25890
0
0
ICC HOLDINGS INC
COM
44931Q104
203
12655
SH
OTR
0
12655
0
ICC HOLDINGS INC
COM
44931Q104
278
17345
SH
SOLE
17345
0
0
IMMUCELL CORP
COM
452525306
45
5500
SH
OTR
0
5500
0
IMMUCELL CORP
COM
452525306
74
9059
SH
SOLE
9059
0
0
INFORMATION SVCS GROUP
COM
45675Y104
54
12995
SH
OTR
0
12995
0
INFORMATION SVCS GROUP
COM
45675Y104
60
14299
SH
SOLE
14299
0
0
INFUSYSTEM HLDGS INC
COM
45685K102
1779
773352
SH
OTR
0
773352
0
INFUSYSTEM HLDGS INC
COM
45685K102
2950
1282712
SH
SOLE
1282712
0
0
INVESTORS BANCORP INC NEW
COM
46146L101
343
24711
SH
OTR
0
24711
0
INVESTORS BANCORP INC NEW
COM
46146L101
944
67990
SH
SOLE
67990
0
0
JACKSONVILLE BANCORP INC MD
COM
46924R106
374
11703
SH
OTR
0
11703
0
JACKSONVILLE BANCORP INC MD
COM
46924R106
622
19442
SH
SOLE
19442
0
0
KAPSTONE PAPER & PACKAGING CORP
COM
48562P103
4847
213599
SH
OTR
0
213599
0
KAPSTONE PAPER & PACKAGING CORP
COM
48562P103
7761
342050
SH
SOLE
342050
0
0
KOSS CORP
COM
500692108
194
67006
SH
OTR
0
67006
0
KOSS CORP
COM
500692108
559
193263
SH
SOLE
193263
0
0
KURA ONCOLOGY INC
COM
50127T109
912
59800
SH
OTR
0
59800
0
KURA ONCOLOGY INC
COM
50127T109
1695
111121
SH
SOLE
111121
0
0
LAKE SHORE BANCORP INC
COM
510700107
158
9400
SH
OTR
0
9400
0
LAKE SHORE BANCORP INC
COM
510700107
341
20269
SH
SOLE
20269
0
0
LGL GROUP INC
COM
50186A108
1
101
SH
OTR
0
101
0
LGL GROUP INC
COM
50186A108
285
50530
SH
SOLE
50530
0
0
MALVERN BANCORP INC
COM
561409103
1173
44781
SH
SOLE
44781
0
0
MAM SOFTWARE GROUP INC
COM NEW
55277Q201
78
10330
SH
SOLE
10330
0
0
MER TELEMANAGEMENT SOLUTIONS
SHS
M69676209
11
5115
SH
OTR
0
5115
0
MER TELEMANAGEMENT SOLUTIONS
SHS
M69676209
98
46241
SH
SOLE
46241
0
0
MUTUALFIRST FINL INC
COM
62845B104
974
25260
SH
OTR
0
25260
0
MUTUALFIRST FINL INC
COM
62845B104
218
5666
SH
SOLE
5666
0
0
NAVIGATOR HOLDINGS LTD
SHS
Y62132108
1296
131622
SH
OTR
0
131622
0
NAVIGATOR HOLDINGS LTD
SHS
Y62132108
2447
248412
SH
SOLE
248412
0
0
NI HOLDINGS INC
COM
65342T106
916
54500
SH
OTR
0
54500
0
NI HOLDINGS INC
COM
65342T106
1687
100400
SH
SOLE
100400
0
0
NORTHWEST BANCSHARES INC MD
COM
667340103
752
45000
SH
OTR
0
45000
0
NORTHWEST BANCSHARES INC MD
COM
667340103
478
28625
SH
SOLE
28625
0
0
NORWOOD FINANCIAL CORP
COM
669549107
226
6859
SH
OTR
0
6859
0
NORWOOD FINANCIAL CORP
COM
669549107
295
8952
SH
SOLE
8952
0
0
OCONEE FED FINL CORP
COM
675607105
315
11451
SH
OTR
0
11451
0
OCONEE FED FINL CORP
COM
675607105
315
11451
SH
SOLE
11451
0
0
PATHFINDER BANCORP INC
COM
70319R109
1012
66263
SH
OTR
0
66263
0
PATHFINDER BANCORP INC
COM
70319R109
1903
124628
SH
SOLE
124628
0
0
PATRIOT TRANSPORTATION HOLDING INC
COM
70338W105
902
52026
SH
OTR
0
52026
0
PATRIOT TRANSPORTATION HOLDING INC
COM
70338W105
1804
104080
SH
SOLE
104080
0
0
PB BANCORP INC
COM
70454T100
127
12086
SH
OTR
0
12086
0
PB BANCORP INC
COM
70454T100
197
18747
SH
SOLE
18747
0
0
PROASSURANCE CORP
COM
74267C106
1100
19244
SH
OTR
0
19244
0
PROASSURANCE CORP
COM
74267C106
521
9114
SH
SOLE
9114
0
0
SAEXPLORATION HOLDINGS INC
COM NEW
78636X204
124
56583
SH
OTR
0
56583
0
SAEXPLORATION HOLDINGS INC
COM NEW
78636X204
199
90902
SH
SOLE
90902
0
0
SAGA COMMUNICATIONS INC
CL A NEW
786598300
950
23477
SH
OTR
0
23477
0
SAGA COMMUNICATIONS INC
CL A NEW
786598300
1943
48032
SH
SOLE
48032
0
0
SCRIPPS E W CO OHIO
CL A NEW
811054402
3874
247856
SH
OTR
0
247856
0
SCRIPPS E W CO OHIO
CL A NEW
811054402
5643
361051
SH
SOLE
361051
0
0
SIFCO INDUSTRIES INC
COM
826546103
176
26486
SH
OTR
0
26486
0
SIFCO INDUSTRIES INC
COM
826546103
477
71739
SH
SOLE
71739
0
0
STATE AUTO FINANCIAL CORP
COM
855707105
357
12230
SH
OTR
0
12230
0
STATE AUTO FINANCIAL CORP
COM
855707105
631
21633
SH
SOLE
21633
0
0
SYNALLOY CP DEL
COM
871565107
374
28100
SH
OTR
0
28100
0
SYNALLOY CP DEL
COM
871565107
754
56655
SH
SOLE
56655
0
0
TRANSCAT INC
COM
893529107
2076
148794
SH
OTR
0
148794
0
TRANSCAT INC
COM
893529107
3626
259960
SH
SOLE
259960
0
0
UNIVERSAL STAINLESS & ALLOY
COM
913837100
3147
146997
SH
OTR
0
146997
0
UNIVERSAL STAINLESS & ALLOY
COM
913837100
5176
241766
SH
SOLE
241766
0
0
US LIME & MINERAL
COM
911922102
5080
65999
SH
OTR
0
65999
0
US LIME & MINERAL
COM
911922102
6079
78980
SH
SOLE
78980
0
0
VILLAGE BANK & TRUST FIN CO
COM
92705T200
645
21037
SH
SOLE
21037
0
0
VIRCO MANUFACTURING CO
COM
927651109
2136
427275
SH
OTR
0
427275
0
VIRCO MANUFACTURING CO
COM
927651109
3098
619581
SH
SOLE
619581
0
0