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Institutional Investment Manager
RUTABAGA CAPITAL MANAGEMENT LLC/MA
RUTABAGA CAPITAL MANAGEMENT LLC/MA (CIK: 0001128239) incorporated in Delaware, located at 64 Broad Street, Boston, MA. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q4)
Portfolio Summary: 70 holdings with a total value of $1,041,902,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 Headwaters Inc 2,042,191 30,612,000 2.94%
2 BLUE NILE INC COM 809,979 29,167,000 2.80%
3 GRANITE CONSTR INC 745,012 28,325,000 2.72%
4 ENVIRI CORP COM 1,489,885 28,144,000 2.70%
5 CENTRAL GARDEN & PET CO CL A NON-VTG 2,931,488 27,996,000 2.69%
6 GREAT LAKES DREDGE & DOCK CO 3,187,670 27,286,000 2.62%
7 BRIGGS & STRATTON CORP 1,323,894 27,034,000 2.59%
8 NCI BLDG SYS INC 1,456,840 26,981,000 2.59%
9 INVACARE CORP COM 1,591,709 26,677,000 2.56%
10 INTREPID POTASH INC 1,921,551 26,671,000 2.56%
11 MAIDEN HOLDINGS LTD 2,077,269 26,568,000 2.55%
12 REGIS CORP MINN COM 1,571,327 26,335,000 2.53%
13 JOHN BEAN TECHNOLOGIES CORP COM 801,007 26,321,000 2.53%
14 National Interstate Corp 881,532 26,270,000 2.52%
15 GLOBE SPECIALTY METALS INC 1,511,535 26,044,000 2.50%
16 SCHNITZER STL INDS 1,145,073 25,833,000 2.48%
17 InnerWorkings Inc 3,315,778 25,830,000 2.48%
18 MUELLER WTR PRODS INC 2,478,168 25,376,000 2.44%
19 GRAFTECH INTERNATIONAL LTD 4,945,085 25,022,000 2.40%
20 Douglas Dynamics Inc 1,123,050 24,067,000 2.31%
21 POWELL INDS INC COM 429,403 21,071,000 2.02%
22 LAYNE CHRISTENSEN CO 2,160,181 20,608,000 1.98%
23 MODINE MFG CO COM 1,466,384 19,943,000 1.91%
24 ASHFORD HOSPITALITY TR INC COM SHS 1,802,347 18,889,000 1.81%
25 INSTEEL INDUSTRIES 661,564 15,600,000 1.50%
26 Libbey Inc Com 481,788 15,147,000 1.45%
27 MEADOWBROOK INSURA 1,770,318 14,977,000 1.44%
28 COLUMBUS MCKINNON CORP N Y COM 526,205 14,755,000 1.42%
29 MERCURY SYS INC COM 1,057,201 14,716,000 1.41%
30 STONERIDGE INC COM 1,101,038 14,159,000 1.36%
31 HOMETRUST BANCSHARES INC 826,146 13,764,000 1.32%
32 BRUNSWICK CORP 267,516 13,713,000 1.32%
33 HEIDRICK & STRUGGLESINTL INC 587,638 13,545,000 1.30%
34 TITAN MACHY INC COM 961,630 13,405,000 1.29%
35 HILL INTERNATIONAL INC 3,460,046 13,287,000 1.28%
36 FIRST CONN BANCORP INC MD 805,901 13,152,000 1.26%
37 MARINEMAX INC COM 650,863 13,049,000 1.25%
38 GLOBAL POWER EQUIPMENT GRP I 935,474 12,919,000 1.24%
39 Casella Waste SYS 3,192,741 12,899,000 1.24%
40 COMMERCIAL VEH GROUP INC 1,924,554 12,818,000 1.23%
41 VISHAY PRECISION GROUP INC 745,400 12,791,000 1.23%
42 UMH PPTYS INC 1,332,241 12,723,000 1.22%
43 UNIVERSAL STAINLESS & ALLOY 503,111 12,653,000 1.21%
44 WILLIS LEASE FINANCE CORP COM 551,598 12,080,000 1.16%
45 ACCURIDE CORP NEW 2,771,480 12,028,000 1.15%
46 PMFG INC 2,247,704 11,755,000 1.13%
47 CENTRAL GARDEN & PET CO COM 1,333,456 11,708,000 1.12%
48 ASTRONOVA INC 609,621 10,059,000 0.97%
49 STERLING CONSTRUCTION CO INC 1,467,873 9,380,000 0.90%
50 FRP HLDGS INC COM 232,474 9,115,000 0.87%
Page 1 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001144969-15-000002, filed 2015.02.12).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.