0000917579-11-000007.txt : 20110805 0000917579-11-000007.hdr.sgml : 20110805 20110805165301 ACCESSION NUMBER: 0000917579-11-000007 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110630 FILED AS OF DATE: 20110805 DATE AS OF CHANGE: 20110805 EFFECTIVENESS DATE: 20110805 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KESTREL INVESTMENT MANAGEMENT CORP CENTRAL INDEX KEY: 0000917579 IRS NUMBER: 943173193 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-04060 FILM NUMBER: 111014812 BUSINESS ADDRESS: STREET 1: 411 BOREL AVE STREET 2: SUITE 403 CITY: SAN MATEO STATE: CA ZIP: 94402 BUSINESS PHONE: 6505729469 MAIL ADDRESS: STREET 1: 411 BOREL AVE STREET 2: SUITE 403 CITY: SAN MATEO STATE: CA ZIP: 94402 13F-HR 1 q2-2011f.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2011 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Kestrel Investment Management Corporation Address: 411 Borel Avenue Suite 403 San Mateo, CA 94402 13F File Number: 28-4060 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: David J. Steirman Title: President Phone: 650-572-9450 Signature, Place, and Date of Signing: David J. Steirman San Mateo CA August 4, 2011 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 53 Form 13F Information Table Value Total: $787,469 List of Other Included Managers: FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETNMANAGERS SOLE SHARED NONE Aceto Corp COM 004446100 4164 620550 SH SOLE 582250 0 38300 AmSurg Corp COM 03232P405 8722 333800 SH SOLE 321400 0 12400 Assurant COM 04621X108 9793 270000 SH SOLE 270000 0 0 Brinker International COM 109641100 26480 1082600 SH SOLE 1041100 0 41500 Broadridge Financial COM 11133T103 29392 1221100 SH SOLE 1183000 0 38100 CACI International COM 127190304 22838 362050 SH SOLE 348250 0 13800 CareFusion Corp COM 14170T101 9917 365000 SH SOLE 365000 0 0 Computer Sciences Cor COM 205363104 8351 220000 SH SOLE 220000 0 0 Covance Inc COM 222816100 12468 210000 SH SOLE 210000 0 0 Cumberland Pharmaceut COM 230770109 3900 678250 SH SOLE 636550 0 41700 eHealth Inc COM 28238P109 9017 674900 SH SOLE 649400 0 25500 EMS Technologies COM 26873N108 7984 242150 SH SOLE 227150 0 15000 FMC Corp COM 302491303 43690 507900 SH SOLE 489100 0 18800 First American Financ COM 31847R102 18862 1205250 SH SOLE 1159250 0 46000 Force Protection COM 345203202 4893 985400 SH SOLE 924300 0 61100 HCC Insurance Holding COM 404132102 23382 742300 SH SOLE 715100 0 27200 Haemonetics Corp COM 405024100 18757 291400 SH SOLE 280400 0 11000 Healthways, Inc COM 422245100 12420 818150 SH SOLE 786850 0 31300 Huntington Ingalls In COM 446413106 18742 543250 SH SOLE 522550 0 20700 Imation Corp COM 45245A107 8417 891600 SH SOLE 857400 0 34200 Innovative Soln & Sup COM 45769N105 411 75200 SH SOLE 72400 0 2800 Integrated Device Tec COM 458118106 23515 2991700 SH SOLE 2877400 0 114300 John Bean Technologie COM 477839104 19473 1007900 SH SOLE 971300 0 36600 Landec Corp COM 514766104 3952 598800 SH SOLE 562300 0 36500 Legg Mason Inc COM 524901105 10156 310000 SH SOLE 310000 0 0 Lender Processing Svc COM 52602E102 6900 330000 SH SOLE 330000 0 0 LifePoint Hospitals COM 53219L109 23284 595800 SH SOLE 573800 0 22000 Lorillard Inc COM 544147101 10887 100000 SH SOLE 100000 0 0 Magellan Health Svcs COM 559079207 27616 504500 SH SOLE 485500 0 19000 Matthews Internationa COM 577128101 13708 341250 SH SOLE 328350 0 12900 NCR Corp COM 62886E108 26435 1399400 SH SOLE 1354600 0 44800 NTELOS Holdings COM 67020Q107 12696 621750 SH SOLE 598550 0 23200 Nash Finch Company COM 631158102 11414 318750 SH SOLE 306850 0 11900 Navigators Group COM 638904102 9875 210100 SH SOLE 202600 0 7500 PCTEL, Inc COM 69325Q105 2145 331000 SH SOLE 309800 0 21200 Pharmaceutical Prod D COM 717124101 10333 385000 SH SOLE 385000 0 0 Questar Corp COM 748356102 19764 1116000 SH SOLE 1072900 0 43100 Questcor Pharmaceutic COM 74835Y101 34533 1432900 SH SOLE 1378600 0 54300 RadioShack Corp COM 750438103 12600 946650 SH SOLE 914850 0 31800 Silicon Laboratories COM 826919102 23349 565900 SH SOLE 547200 0 18700 SkyWest Inc COM 830879102 14233 945100 SH SOLE 912000 0 33100 Stage Stores COM 85254C305 15194 904400 SH SOLE 869800 0 34600 StanCorp Finl Group COM 852891100 16629 394150 SH SOLE 379250 0 14900 Strayer Education COM 863236105 20955 165800 SH SOLE 159150 0 6650 Synovis Life Tech COM 87162G105 4592 263600 SH SOLE 247500 0 16100 Tech Data COM 878237106 20187 412900 SH SOLE 397100 0 15800 Transatlantic Holding COM 893521104 11027 225000 SH SOLE 225000 0 0 Universal American COM 91338E101 8144 743700 SH SOLE 715500 0 28200 VAALCO Energy COM 91851C201 8967 1489500 SH SOLE 1433500 0 56000 Vascular Solutions COM 92231M109 4249 342700 SH SOLE 321200 0 21500 Volterra Semiconducto COM 928708106 7761 314700 SH SOLE 295900 0 18800 Websense Inc COM 947684106 19590 754350 SH SOLE 725850 0 28500 World Acceptance COM 981419104 30706 468300 SH SOLE 452100 0 16200