0001398344-18-007471.txt : 20180514
0001398344-18-007471.hdr.sgml : 20180514
20180514171741
ACCESSION NUMBER: 0001398344-18-007471
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20180331
FILED AS OF DATE: 20180514
DATE AS OF CHANGE: 20180514
EFFECTIVENESS DATE: 20180514
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
CENTRAL INDEX KEY: 0001238990
IRS NUMBER: 820566501
STATE OF INCORPORATION: MN
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-10972
FILM NUMBER: 18831888
BUSINESS ADDRESS:
STREET 1: 7701 FRANCE AVE. SOUTH
STREET 2: SUITE 300
CITY: EDINA
STATE: MN
ZIP: 55435
BUSINESS PHONE: 9522244350
MAIL ADDRESS:
STREET 1: 7701 FRANCE AVE. SOUTH
STREET 2: SUITE 300
CITY: EDINA
STATE: MN
ZIP: 55435
FORMER COMPANY:
FORMER CONFORMED NAME: BRIDGEWATER CAPITAL ADVISORS INC
DATE OF NAME CHANGE: 20030605
13F-HR
1
primary_doc.xml
13F-HR
LIVE
false
false
false
0001238990
XXXXXXXX
03-31-2018
03-31-2018
false
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
7701 France Ave. South
Suite 300
Edina
MN
55435
13F HOLDINGS REPORT
028-10972
N
Howard D. Punch, Jr.
President
952-224-4350
/s/ Howard D. Punch, Jr
Edina
MN
05-14-2018
0
183
1132481
INFORMATION TABLE
2
fp0033485_13fhr-table.xml
13F INFORMATION TABLE
180 DEGREE CAP CORP
COM
68235B109
188
101000
SH
SOLE
101000
0
0
3M CO
COM
88579Y101
3575
16285
SH
SOLE
16285
0
0
A H BELO CORP
COM CL A
001282102
5738
1114142
SH
SOLE
1114142
0
0
ACCENTURE PLC IRELAND
SHS CLASS A
G1151C101
5467
35613
SH
SOLE
35613
0
0
ADDUS HOMECARE CORP
COM
006739106
13787
283390
SH
SOLE
283390
0
0
AGILYSYS INC
COM
00847J105
4914
412210
SH
SOLE
412210
0
0
ALAMO GROUP INC
COM
011311107
6122
55705
SH
SOLE
55705
0
0
ALCENTRA CAP CORP
COM
01374T102
74
10565
SH
SOLE
10565
0
0
ALLIANZGI CON INCM 2024 TARG
COM
01883H102
7349
797103
SH
SOLE
797103
0
0
ALLIED MOTION TECHNOLOGIES I
COM
019330109
3941
99153
SH
SOLE
99153
0
0
AMERCO
COM
023586100
8358
24219
SH
SOLE
24219
0
0
AMERIPRISE FINL INC
COM
03076C106
5334
36057
SH
SOLE
36057
0
0
ANTHEM INC
COM
036752103
6282
28592
SH
SOLE
28592
0
0
ARBOR RLTY TR INC
COM
038923108
9976
1131024
SH
SOLE
1131024
0
0
ARC DOCUMENT SOLUTIONS INC
COM
00191G103
4685
2129569
SH
SOLE
2129569
0
0
ARES CAP CORP
COM
04010L103
6423
404750
SH
SOLE
404750
0
0
ASTRONOVA INC
COM
04638F108
5533
356960
SH
SOLE
356960
0
0
ATLAS FINANCIAL HOLDINGS INC
SHS NEW
G06207115
2039
197000
SH
SOLE
197000
0
0
AWARE INC MASS
COM
05453N100
3212
773925
SH
SOLE
773925
0
0
B RILEY FINL INC
COM
05580M108
25053
1284783
SH
SOLE
1284783
0
0
BAR HBR BANKSHARES
COM
066849100
13864
500139
SH
SOLE
500139
0
0
BASSETT FURNITURE INDS INC
COM
070203104
1760
58000
SH
SOLE
58000
0
0
BERKSHIRE HATHAWAY INC DEL
CL A
084670108
299
1
SH
SOLE
1
0
0
BERKSHIRE HATHAWAY INC DEL
CL B NEW
084670702
7024
35213
SH
SOLE
35213
0
0
BLACKROCK CAPITAL INVESTMENT
COM
092533108
5546
919765
SH
SOLE
919765
0
0
BLACKROCK ENERGY & RES TR
COM
09250U101
6993
528968
SH
SOLE
528968
0
0
BLACKROCK MUN 2030 TAR TERM
COM SHS BEN IN
09257P105
4134
193986
SH
SOLE
193986
0
0
BLACKROCK RES & COMM STRAT T
SHS
09257A108
1289
145165
SH
SOLE
145165
0
0
BLACKSTONE MTG TR INC
COM CL A
09257W100
3715
118227
SH
SOLE
118227
0
0
BLUELINX HLDGS INC
COM NEW
09624H208
4530
139000
SH
SOLE
139000
0
0
BOEING CO
COM
097023105
7767
23688
SH
SOLE
23688
0
0
BOSTON SCIENTIFIC CORP
COM
101137107
312
11411
SH
SOLE
11411
0
0
BOULDER GROWTH & INCOME FD I
COM
101507101
4356
404044
SH
SOLE
404044
0
0
BRUNSWICK CORP
COM
117043109
5606
94385
SH
SOLE
94385
0
0
BSB BANCORP INC MD
COM
05573H108
6070
198362
SH
SOLE
198362
0
0
CALLAWAY GOLF CO
COM
131193104
18869
1153349
SH
SOLE
1153349
0
0
CANTEL MEDICAL CORP
COM
138098108
686
6154
SH
SOLE
6154
0
0
CAPITAL SOUTHWEST CORP
COM
140501107
31855
1871615
SH
SOLE
1871615
0
0
CARBONITE INC
COM
141337105
9346
324504
SH
SOLE
324504
0
0
CATCHMARK TIMBER TR INC
CL A
14912Y202
125
10000
SH
SOLE
10000
0
0
CELCUITY INC
COM
15102K100
218
13223
SH
SOLE
13223
0
0
CHIMERA INVT CORP
COM NEW
16934Q208
7387
424307
SH
SOLE
424307
0
0
CINTAS CORP
COM
172908105
4431
25977
SH
SOLE
25977
0
0
COLONY NORTHSTAR INC
CL A COM
19625W104
3022
537811
SH
SOLE
537811
0
0
COLUMBUS MCKINNON CORP N Y
COM
199333105
4172
116400
SH
SOLE
116400
0
0
COMMERCEHUB INC
COM SER C
20084V306
2551
113450
SH
SOLE
113450
0
0
COMMERCIAL VEH GROUP INC
COM
202608105
1217
157000
SH
SOLE
157000
0
0
CORE MOLDING TECHNOLOGIES IN
COM
218683100
6540
366783
SH
SOLE
366783
0
0
CORENERGY INFRASTRUCTURE TR
COM NEW
21870U502
3877
103277
SH
SOLE
103277
0
0
CSW INDUSTRIALS INC
COM
126402106
8208
182193
SH
SOLE
182193
0
0
CULP INC
COM
230215105
2129
69676
SH
SOLE
69676
0
0
CVS HEALTH CORP
COM
126650100
3361
54022
SH
SOLE
54022
0
0
CYBEROPTICS CORP
COM
232517102
1126
62568
SH
SOLE
62568
0
0
DEERE & CO
COM
244199105
4444
28610
SH
SOLE
28610
0
0
DELUXE CORP
COM
248019101
13585
183559
SH
SOLE
183559
0
0
DESTINATION XL GROUP INC
COM
25065K104
3101
1772222
SH
SOLE
1772222
0
0
DIGI INTL INC
COM
253798102
12530
1216495
SH
SOLE
1216495
0
0
DIGIRAD CORP
COM
253827109
1282
826824
SH
SOLE
826824
0
0
DLH HLDGS CORP
COM
23335Q100
2184
373900
SH
SOLE
373900
0
0
DOUGLAS DYNAMICS INC
COM
25960R105
13574
313119
SH
SOLE
313119
0
0
DRIVE SHACK INC
COM
262077100
14526
3038889
SH
SOLE
3038889
0
0
EASTERLY GOVT PPTYS INC
COM
27616P103
5428
266065
SH
SOLE
266065
0
0
EATON VANCE TX ADV GLBL DIV
COM
27828S101
7926
474310
SH
SOLE
474310
0
0
ENSTAR GROUP LIMITED
SHS
G3075P101
7958
37848
SH
SOLE
37848
0
0
ENTEGRA FINL CORP
COM
29363J108
6445
222250
SH
SOLE
222250
0
0
ETSY INC
COM
29786A106
10786
384398
SH
SOLE
384398
0
0
EVOLUTION PETROLEUM CORP
COM
30049A107
2842
353000
SH
SOLE
353000
0
0
EXXON MOBIL CORP
COM
30231G102
3535
47382
SH
SOLE
47382
0
0
FARMER BROS CO
COM
307675108
10300
341061
SH
SOLE
341061
0
0
FARMERS NATL BANC CORP
COM
309627107
3065
221271
SH
SOLE
221271
0
0
FERRO CORP
COM
315405100
14805
637593
SH
SOLE
637593
0
0
FIBROGEN INC
COM
31572Q808
416
9000
SH
SOLE
9000
0
0
FIRST BANK WILLIAMSTOWN NJ
COM
31931U102
5038
349860
SH
SOLE
349860
0
0
FIRST NORTHWEST BANCORP
COM
335834107
5057
299420
SH
SOLE
299420
0
0
FIRST TR DYNAMIC EUROPE EQT
COM SHS
33740D107
5992
333234
SH
SOLE
333234
0
0
FIRST TR ENERGY INFRASTRCTR
COM
33738C103
4395
292981
SH
SOLE
292981
0
0
FISERV INC
COM
337738108
6394
89662
SH
SOLE
89662
0
0
FRANKLIN COVEY CO
COM
353469109
9329
346816
SH
SOLE
346816
0
0
GENTHERM INC
COM
37253A103
5192
152926
SH
SOLE
152926
0
0
GLADSTONE LD CORP
COM
376549101
3664
303310
SH
SOLE
303310
0
0
GREEN BRICK PARTNERS INC
COM
392709101
16751
1536766
SH
SOLE
1536766
0
0
RYDEX ETF TRUST
GUG S&P500 PU VA
78355W304
12760
197491
SH
SOLE
197491
0
0
HACKETT GROUP INC
COM
404609109
12894
802882
SH
SOLE
802882
0
0
HERITAGE CRYSTAL CLEAN INC
COM
42726M106
3952
167800
SH
SOLE
167800
0
0
HOOKER FURNITURE CORP
COM
439038100
12041
328103
SH
SOLE
328103
0
0
HORACE MANN EDUCATORS CORP N
COM
440327104
7635
178586
SH
SOLE
178586
0
0
HORMEL FOODS CORP
COM
440452100
3706
107977
SH
SOLE
107977
0
0
I D SYSTEMS INC
COM
449489103
2280
366546
SH
SOLE
366546
0
0
IEC ELECTRS CORP NEW
COM
44949L105
1987
442200
SH
SOLE
442200
0
0
INFORMATION SERVICES GROUP I
COM
45675Y104
4209
1007000
SH
SOLE
1007000
0
0
INTL FCSTONE INC
COM
46116V105
23221
544066
SH
SOLE
544066
0
0
INVESCO LTD
SHS
G491BT108
3180
99350
SH
SOLE
99350
0
0
ISHARES TR
1 3 YR TREAS BD
464287457
7970
95380
SH
SOLE
95380
0
0
ISHARES INC
CORE MSCI EMKT
46434G103
2270
38878
SH
SOLE
38878
0
0
ISHARES TR
CORE MSCI EURO
46434V738
10912
219640
SH
SOLE
219640
0
0
ISHARES TR
S&P 500 GRWT ETF
464287309
17038
109871
SH
SOLE
109871
0
0
ISHARES TR
S&P 500 VAL ETF
464287408
5322
48671
SH
SOLE
48671
0
0
J & J SNACK FOODS CORP
COM
466032109
4915
35989
SH
SOLE
35989
0
0
JOHNSON & JOHNSON
COM
478160104
4882
38092
SH
SOLE
38092
0
0
JPMORGAN CHASE & CO
COM
46625H100
7885
71702
SH
SOLE
71702
0
0
KIMBALL ELECTRONICS INC
COM
49428J109
1211
75000
SH
SOLE
75000
0
0
KIMBALL INTL INC
CL B
494274103
10140
595050
SH
SOLE
595050
0
0
KINGSTONE COS INC
COM
496719105
2849
169600
SH
SOLE
169600
0
0
LAMAR ADVERTISING CO NEW
CL A
512816109
3964
62269
SH
SOLE
62269
0
0
LAWSON PRODS INC
COM
520776105
3084
122122
SH
SOLE
122122
0
0
LEAF GROUP LTD
COM
52177G102
5065
718400
SH
SOLE
718400
0
0
LENDINGTREE INC NEW
COM
52603B107
5468
16662
SH
SOLE
16662
0
0
LITHIA MTRS INC
CL A
536797103
9819
97685
SH
SOLE
97685
0
0
LSC COMMUNICATIONS INC
COM
50218P107
5696
326421
SH
SOLE
326421
0
0
MACQUARIE INFRASTRUCTURE COR
COM
55608B105
5741
155443
SH
SOLE
155443
0
0
MADDEN STEVEN LTD
COM
556269108
6779
154421
SH
SOLE
154421
0
0
MADISON CVRED CALL & EQ STR
COM
557437100
6993
963196
SH
SOLE
963196
0
0
MALIBU BOATS INC
COM CL A
56117J100
16103
484891
SH
SOLE
484891
0
0
MCBC HLDGS INC
COM
55276F107
4147
164550
SH
SOLE
164550
0
0
MICROSOFT CORP
COM
594918104
9064
99306
SH
SOLE
99306
0
0
MVC CAPITAL INC
COM
553829102
4985
502029
SH
SOLE
502029
0
0
NATHANS FAMOUS INC NEW
COM
632347100
1663
22500
SH
SOLE
22500
0
0
NATIONAL CINEMEDIA INC
COM
635309107
586
112920
SH
SOLE
112920
0
0
NATURAL GAS SERVICES GROUP
COM
63886Q109
9406
394394
SH
SOLE
394394
0
0
NAUTILUS INC
COM
63910B102
10323
767486
SH
SOLE
767486
0
0
NCR CORP NEW
COM
62886E108
2861
90783
SH
SOLE
90783
0
0
NEUBERGER BERMAN MLP INCOME
COM
64129H104
10565
1294698
SH
SOLE
1294698
0
0
NORTHSTAR REALTY EUROPE CORP
COM
66706L101
8239
632794
SH
SOLE
632794
0
0
NOVANTA INC
COM
67000B104
7471
143264
SH
SOLE
143264
0
0
NOVARTIS A G
SPONSORED ADR
66987V109
2456
30377
SH
SOLE
30377
0
0
NUVEEN BUILD AMER BD FD
COM
67074C103
10507
505388
SH
SOLE
505388
0
0
NUVEEN INTER DURATION MN TMF
COM
670671106
4860
386906
SH
SOLE
386906
0
0
NUVEEN MTG OPPORTUNITY TERM
COM
670735109
10255
431776
SH
SOLE
431776
0
0
NUVEEN PFD & INCOME TERM FD
COM
67075A106
2405
101415
SH
SOLE
101415
0
0
OAKTREE STRATEGIC INCOME COR
COM
67402D104
1896
240329
SH
SOLE
240329
0
0
OFS CAP CORP
COM
67103B100
2870
255753
SH
SOLE
255753
0
0
OUTFRONT MEDIA INC
COM
69007J106
6621
353334
SH
SOLE
353334
0
0
PANHANDLE OIL AND GAS INC
CL A
698477106
2839
147110
SH
SOLE
147110
0
0
PAR PACIFIC HOLDINGS INC
COM NEW
69888T207
8058
469298
SH
SOLE
469298
0
0
PAYPAL HLDGS INC
COM
70450Y103
235
3092
SH
SOLE
3092
0
0
PCSB FINL CORP
COM
69324R104
2769
132000
SH
SOLE
132000
0
0
PENNANTPARK FLOATING RATE CA
COM
70806A106
10363
791644
SH
SOLE
791644
0
0
PERCEPTRON INC
COM
71361F100
4310
492540
SH
SOLE
492540
0
0
PFSWEB INC
COM NEW
717098206
2788
319000
SH
SOLE
319000
0
0
PRGX GLOBAL INC
COM NEW
69357C503
1049
111000
SH
SOLE
111000
0
0
PROCTER AND GAMBLE CO
COM
742718109
3269
41235
SH
SOLE
41235
0
0
PZENA INVESTMENT MGMT INC
CLASS A
74731Q103
19041
1710747
SH
SOLE
1710747
0
0
REAVES UTIL INCOME FD
COM SH BEN INT
756158101
4950
175347
SH
SOLE
175347
0
0
RED LION HOTELS CORP
COM
756764106
6786
696000
SH
SOLE
696000
0
0
REIS INC
COM
75936P105
5421
252725
SH
SOLE
252725
0
0
REPUBLIC SVCS INC
COM
760759100
4717
71214
SH
SOLE
71214
0
0
RIGNET INC
COM
766582100
6543
481101
SH
SOLE
481101
0
0
RIVERNORTH DOUBLELINE STRATE
COM
76882G107
6283
352789
SH
SOLE
352789
0
0
ROYCE GLOBAL VALUE TR INC
COM
78081T104
1692
154217
SH
SOLE
154217
0
0
ROYCE MICRO-CAP TR INC
COM
780915104
2286
244260
SH
SOLE
244260
0
0
ROYCE VALUE TR INC
COM
780910105
2957
190036
SH
SOLE
190036
0
0
SCRIPPS E W CO OHIO
CL A NEW
811054402
5664
472378
SH
SOLE
472378
0
0
SEASPAN CORP
SHS
Y75638109
6038
903856
SH
SOLE
903856
0
0
SILVERCREST ASSET MGMT GROUP
CL A
828359109
8284
545000
SH
SOLE
545000
0
0
SIMULATIONS PLUS INC
COM
829214105
5734
388765
SH
SOLE
388765
0
0
SLEEP NUMBER CORP
COM
83125X103
5394
153453
SH
SOLE
153453
0
0
SOLAR CAP LTD
COM
83413U100
6518
320902
SH
SOLE
320902
0
0
SP PLUS CORP
COM
78469C103
8024
225402
SH
SOLE
225402
0
0
SPOK HLDGS INC
COM
84863T106
13555
906673
SH
SOLE
906673
0
0
SS&C TECHNOLOGIES HLDGS INC
COM
78467J100
5612
104631
SH
SOLE
104631
0
0
STEWARDSHIP FINL CORP
COM
860326107
550
50000
SH
SOLE
50000
0
0
STONECASTLE FINL CORP
COM
861780104
9194
422716
SH
SOLE
422716
0
0
STRYKER CORP
COM
863667101
238
1482
SH
SOLE
1482
0
0
SUPERIOR UNIFORM GP INC
COM
868358102
6118
232875
SH
SOLE
232875
0
0
TARGET CORP
COM
87612E106
4007
57719
SH
SOLE
57719
0
0
TCP CAP CORP
COM
87238Q103
151
10587
SH
SOLE
10587
0
0
TECHTARGET INC
COM
87874R100
15528
781084
SH
SOLE
781084
0
0
TEKLA HEALTHCARE INVS
SH BEN INT
87911J103
4716
219044
SH
SOLE
219044
0
0
THESTREET INC
COM
88368Q103
3005
1678569
SH
SOLE
1678569
0
0
TRANSACT TECHNOLOGIES INC
COM
892918103
4059
311000
SH
SOLE
311000
0
0
TRANSCAT INC
COM
893529107
5437
347400
SH
SOLE
347400
0
0
UFP TECHNOLOGIES INC
COM
902673102
5251
178000
SH
SOLE
178000
0
0
UNITED FINL BANCORP INC NEW
COM
910304104
6164
380522
SH
SOLE
380522
0
0
UNITED TECHNOLOGIES CORP
COM
913017109
4380
34808
SH
SOLE
34808
0
0
UNITEDHEALTH GROUP INC
COM
91324P102
8177
38211
SH
SOLE
38211
0
0
U S PHYSICAL THERAPY INC
COM
90337L108
5992
73701
SH
SOLE
73701
0
0
U S G CORP
COM NEW
903293405
3932
97284
SH
SOLE
97284
0
0
VAREX IMAGING CORP
COM
92214X106
7712
215533
SH
SOLE
215533
0
0
VERIZON COMMUNICATIONS INC
COM
92343V104
4779
99932
SH
SOLE
99932
0
0
VOLT INFORMATION SCIENCES IN
COM
928703107
1752
574482
SH
SOLE
574482
0
0
WASTE MGMT INC DEL
COM
94106L109
5309
63114
SH
SOLE
63114
0
0
WESTERN ASSET HGH YLD DFNDFD
COM
95768B107
3637
249143
SH
SOLE
249143
0
0
WESTWOOD HLDGS GROUP INC
COM
961765104
7097
125629
SH
SOLE
125629
0
0