Minerva Advisors LLC Minerva Group, LP Minerva GP, LP Minerva GP, Inc. David P. Cohen

Activist investor & 5%+ owner · SC 13D/13G filings

Total Filings

21

Stocks Covered

10

Latest Filing

Nov 1, 2024

Filings

KEQU

Kewaunee Scientific Corporation

SC 13G/A · Nov 1, 2024

5.0%

144K shares

DLHC

DLH Holdings Corp.

SC 13G · Oct 17, 2024

5.0%

713K shares

WLMSQ

Williams Industrial Services Group Inc.

SC 13G/A · Feb 14, 2023

7.1%

1.9M shares

VIRC

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. CUSIP No. 927651109 1 NAMES OF REPORTING PERSONS Minerva Advisors LLC Minerva Group, LP Minerva GP, LP Minerva GP, Inc. David P. Cohen 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3 SEC USE ONLY: 4 CITIZENSHIP OR PLACE OF ORGANIZATION: Minerva Advisors LLC - Deleware Minerva Group, LP - Deleware Minerva GP, LP - Deleware Minerva GP, Inc. - Pennsylvania David P. Cohen - U.S. Citizen NUMBER OF SHARES : 5 SOLE VOTING POWER: Minerva Advisors LLC* - 711,368 Minerva Group, LP - 711,368 Minerva GP, LP* - 711,368 Minerva GP, Inc.* - 711,368 David P. Cohen* - 717,542 *Each of these reporting persons is deemed a beneficial owner of the 711,368 shares of the Issuer held by Minerva Group, LP. David P. Cohen is also the beneficial owner of 6,174 shares of the Issuer owned individually. 6 SHARED VOTING POWER: Minerva Advisors LLC - 217,573 David P. Cohen** - 217,573 **David P. Cohen is deemed a beneficial owner of the 217,573 shares of the Issuer beneficially owned by Minerva Advisors LLC. 7 SOLE DISPOSITIVE POWER: Minerva Advisors LLC* - 711,368 Minerva Group, LP - 711,368 Minerva GP, LP* - 711,368 Minerva GP, Inc.* - 711,368 David P. Cohen* - 717,542 *Each of these reporting persons is deemed a beneficial owner of the 711,368 shares of the Issuer held by Minerva Group, LP. David P. Cohen is also the beneficial owner of 6,174 shares of the Issuer owned individually. 8 SHARED DISPOSITIVE POWER: Minerva Advisors LLC - 217,573 David P. Cohen** - 217,573 **David P. Cohen is deemed a beneficial owner of the 217,573 shares of the Issuer beneficially owned by Minerva Advisors LLC. 9 AGGREGATE AMOUNT : Minerva Advisors LLC* - 928,941 Minerva Group, LP - 711,368 Minerva GP, LP* - 711,368 Minerva GP, Inc.* - 711,368 David P. Cohen* - 935,115 *Each of these reporting persons is deemed a beneficial owner of the 711,368 shares of the Issuer held by Minerva Group, LP. David P. Cohen is the beneficial owner of 6,174 shares of the Issuer owned individually and is also deemed a beneficial owner of the 928,941 shares of the Issuer beneficially owned by Minerva Advisors LLC. 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES : [ ] 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): Minerva Advisors LLC* - 5.7% Minerva Group, LP - 4.4% Minerva GP, LP* - 4.4% Minerva GP, Inc.* - 4.4% David P. Cohen* - 5.8% *Each of these reporting persons is deemed a beneficial owner of the 4.4% of the shares of the Issuer held by Minerva Group, LP. David P. Cohen is the beneficial owner of 0.04% of the shares of the Issuer owned individually and is also deemed a beneficial owner of the 5.8% of the shares of the Issuer beneficially owned by Minerva Advisors LLC. Based on the total of 16,210,985 shares of the Issuer's Common Stock outstanding as of December 4, 2022, as reported in the Issuer's Quarterly Report on Form 10-Q for the period ended October 31, 2022. 12 TYPE OF REPORTING PERSON : Minerva Advisors LLC - IA Minerva Group, LP - PN Minerva GP, LP - PN Minerva GP, Inc. - CO David P. Cohen - IN SCHEDULE 13G Item 1(a)

SC 13G/A · Feb 14, 2023

5.7%

929K shares

USAP

Universal Stainless & Alloy Products, Inc.

SC 13G/A · Feb 14, 2023

8.2%

738K shares

EML

The Eastern Company

SC 13G/A · Feb 14, 2023

6.6%

409K shares

CTG

Computer Task Group, Incorporated

SC 13G/A · Feb 14, 2023

8.0%

1.3M shares

PBHC

Pathfinder Bancorp, Inc.

SC 13G/A · Feb 14, 2023

5.5%

252K shares

N/A

Inrad Optics, Inc

SC 13G/A · Feb 14, 2023

7.2%

1.0M shares

N/A

Nuvera Communications, Inc.

SC 13G/A · Feb 14, 2023

6.2%

317K shares

KEQU

Kewaunee Scientific Corporation

SC 13G/A · Feb 14, 2023

6.0%

171K shares

WLMSQ

Williams Industrial Services Group Inc.

SC 13G/A · Feb 14, 2022

7.1%

1.8M shares

VIRC

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. CUSIP No. 927651109 1 NAMES OF REPORTING PERSONS Minerva Advisors LLC Minerva Group, LP Minerva GP, LP Minerva GP, Inc. David P. Cohen 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3 SEC USE ONLY: 4 CITIZENSHIP OR PLACE OF ORGANIZATION: Minerva Advisors LLC - Deleware Minerva Group, LP - Deleware Minerva GP, LP - Deleware Minerva GP, Inc. - Pennsylvania David P. Cohen - U.S. Citizen NUMBER OF SHARES : 5 SOLE VOTING POWER: Minerva Advisors LLC* - 666,153 Minerva Group, LP - 666,153 Minerva GP, LP* - 666,153 Minerva GP, Inc.* - 666,153 David P. Cohen* - 672,327 *Each of these reporting persons is deemed a beneficial owner of the 666,153 shares of the Issuer held by Minerva Group, LP. David P. Cohen is also the beneficial owner of 6,174 shares of the Issuer owned individually. 6 SHARED VOTING POWER: Minerva Advisors LLC - 209,475 David P. Cohen** - 209,475 **David P. Cohen is deemed a beneficial owner of the 209,475 shares of the Issuer beneficially owned by Minerva Advisors LLC. 7 SOLE DISPOSITIVE POWER: Minerva Advisors LLC* - 666,153 Minerva Group, LP - 666,153 Minerva GP, LP* - 666,153 Minerva GP, Inc.* - 666,153 David P. Cohen* - 672,327 *Each of these reporting persons is deemed a beneficial owner of the 666,153 shares of the Issuer held by Minerva Group, LP. David P. Cohen is also the beneficial owner of 6,174 shares of the Issuer owned individually. 8 SHARED DISPOSITIVE POWER: Minerva Advisors LLC - 209,475 David P. Cohen** - 209,475 **David P. Cohen is deemed a beneficial owner of the 209,475 shares of the Issuer beneficially owned by Minerva Advisors LLC. 9 AGGREGATE AMOUNT : Minerva Advisors LLC* - 875,628 Minerva Group, LP - 666,153 Minerva GP, LP* - 666,153 Minerva GP, Inc.* - 666,153 David P. Cohen* - 881,802 *Each of these reporting persons is deemed a beneficial owner of the 666,153 shares of the Issuer held by Minerva Group, LP. David P. Cohen is the beneficial owner of 6,174 shares of the Issuer owned individually and is also deemed a beneficial owner of the 875,628 shares of the Issuer beneficially owned by Minerva Advisors LLC. 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES : [ ] 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): Minerva Advisors LLC* - 5.4% Minerva Group, LP - 4.1% Minerva GP, LP* - 4.1% Minerva GP, Inc.* - 4.1% David P. Cohen* - 5.5% *Each of these reporting persons is deemed a beneficial owner of the 4.1% of the shares of the Issuer held by Minerva Group, LP. David P. Cohen is the beneficial owner of 0.04% of the shares of the Issuer owned individually and is also deemed a beneficial owner of the 5.5% of the shares of the Issuer beneficially owned by Minerva Advisors LLC. Based on the total of 16,102,023 shares of the Issuer's Common Stock outstanding as of December 6, 2021, as reported in the Issuer's Quarterly Report on Form 10-Q for the period ended October 31, 2021. 12 TYPE OF REPORTING PERSON : Minerva Advisors LLC - IA Minerva Group, LP - PN Minerva GP, LP - PN Minerva GP, Inc. - CO David P. Cohen - IN SCHEDULE 13G Item 1(a)

SC 13G/A · Feb 14, 2022

5.4%

876K shares

USAP

Universal Stainless & Alloy Products, Inc.

SC 13G/A · Feb 14, 2022

7.9%

705K shares

SIF

SIFCO Industries, Inc.

SC 13G/A · Feb 14, 2022

6.4%

386K shares

PATI

Patriot Transportation Holding, Inc.

SC 13G/A · Feb 14, 2022

7.2%

247K shares

PBHC

Pathfinder Bancorp, Inc.

SC 13G/A · Feb 14, 2022

5.5%

252K shares

N/A

Nuvera Communications, Inc.

SC 13G/A · Feb 14, 2022

5.2%

269K shares

KEQU

Kewaunee Scientific Corporation

SC 13G/A · Feb 14, 2022

5.0%

139K shares

EML

The Eastern Company

SC 13G/A · Feb 14, 2022

5.2%

327K shares

CTG

Computer Task Group, Incorporated

SC 13G/A · Feb 14, 2022

8.0%

1.2M shares