Hedge fund Minerva Advisors is based in Bala Cynwyd, Pennsylvania. It oversees a single private fund with a portfolio of roughly $154 million. The largest investment made by Minerva Advisors is in Great Lakes Dredge & Dock Corp. Investments made by Minerva Advisors are generally made in the information technology and industrial sectors. These include The E.W. Scripps Company, Computer Task Group, Inc., and Chase Corporation.
Insider Monkey picked the top 10 stock picks from Minerva’s first quarter portfolio. For the fiscal year that concluded on December 31, 2021, Saga Communications, Inc. had a 13.1 percent increase in net sales to $108.3 million. The radio stations run a variety of programming, including top 40, adult hits, and classic classics. Revenue for Escalade, Incorporated increased from $177.3 in 2017 to $313.6 in 2021. The rise in sales from 2019 to 2020 was 51.6%. The company also pays an annual dividend of $0.60 per share and has a 4.73 percent dividend yield. Pathfinder Bank, which provides a range of banking and financial goods and services primarily in the counties of Oswego and Onondaga in New York, is held by Pathfinder Bancorp, Inc. The company plans to establish a new branch in Syracuse’s Southwest Corridor. As of the first quarter of 2022, Minerva Advisors owned 405,186 shares of Universal Stainless & Alloy Products, Inc., valued at $6.1 million. The business recorded first-quarter 2022 net sales of $46.6 million. The Frazer & Jones foundry company was recently sold by The Eastern Company, according to a recent announcement. The disposal is a part of The Eastern Company’s ongoing efforts to streamline its business, according to August Vlak, President & CEO. For more details, click Top 10 Stock Picks Of Minerva Advisors.
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