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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 (2015Q2)
Portfolio Summary: 64 holdings with a total value of $995,906,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 SCHNITZER STL INDS 1,764,399 30,824,000 3.10%
2 INVACARE CORP COM 1,359,741 29,411,000 2.95%
3 MAIDEN HOLDINGS LTD 1,842,636 29,077,000 2.92%
4 NCI BLDG SYS INC 1,859,373 28,021,000 2.81%
5 MISTRAS GROUP INC 1,473,972 27,976,000 2.81%
6 ENVIRI CORP COM 1,689,085 27,870,000 2.80%
7 Headwaters Inc 1,514,445 27,593,000 2.77%
8 GREAT LAKES DREDGE & DOCK CO 4,615,594 27,509,000 2.76%
9 GRANITE CONSTR INC 751,262 26,677,000 2.68%
10 CENTRAL GARDEN & PET CO CL A NON-VTG 2,333,130 26,621,000 2.67%
11 INTREPID POTASH INC 2,218,818 26,493,000 2.66%
12 BRIGGS & STRATTON CORP 1,335,294 25,718,000 2.58%
13 REGIS CORP MINN COM 1,584,127 24,966,000 2.51%
14 BLUE NILE INC COM 816,779 24,822,000 2.49%
15 National Interstate Corp 890,219 24,321,000 2.44%
16 GLOBE SPECIALTY METALS INC 1,313,785 23,254,000 2.33%
17 InnerWorkings Inc 3,429,296 22,873,000 2.30%
18 MUELLER WTR PRODS INC 2,500,568 22,755,000 2.28%
19 JOHN BEAN TECHNOLOGIES CORP COM 603,442 22,683,000 2.28%
20 POWELL INDS INC COM 613,353 21,572,000 2.17%
21 Douglas Dynamics Inc 943,823 20,273,000 2.04%
22 ASHFORD HOSPITALITY TR INC COM SHS 2,312,232 19,561,000 1.96%
23 LAYNE CHRISTENSEN CO 2,183,181 19,539,000 1.96%
24 HILL INTERNATIONAL INC 3,565,434 18,754,000 1.88%
25 COMMERCIAL VEH GROUP INC 2,192,170 15,806,000 1.59%
26 MODINE MFG CO COM 1,469,434 15,767,000 1.58%
27 MEADOWBROOK INSURA 1,765,318 15,182,000 1.52%
28 PMFG INC 2,316,088 14,892,000 1.50%
29 CENTRAL GARDEN & PET CO COM 1,409,054 14,880,000 1.49%
30 Libbey Inc Com 359,464 14,857,000 1.49%
31 TITAN MACHY INC COM 990,880 14,596,000 1.47%
32 INSTEEL INDUSTRIES 775,746 14,506,000 1.46%
33 FURMANITE CORPORATION 1,780,339 14,456,000 1.45%
34 WILLIS LEASE FINANCE CORP COM 785,154 14,423,000 1.45%
35 Casella Waste SYS 2,565,751 14,394,000 1.45%
36 UMH PPTYS INC 1,461,237 14,320,000 1.44%
37 HOMETRUST BANCSHARES INC 846,296 14,184,000 1.42%
38 QAD Inc 536,394 14,177,000 1.42%
39 STONERIDGE INC COM 1,170,245 13,704,000 1.38%
40 COLUMBUS MCKINNON CORP N Y COM 542,167 13,554,000 1.36%
41 FIRST CONN BANCORP INC MD 830,442 13,179,000 1.32%
42 MERCURY SYS INC COM 794,512 11,632,000 1.17%
43 VISHAY PRECISION GROUP INC 768,050 11,567,000 1.16%
44 MARINEMAX INC COM 481,016 11,309,000 1.14%
45 UNIVERSAL STAINLESS & ALLOY 570,725 11,215,000 1.13%
46 ACCURIDE CORP NEW 2,855,828 10,994,000 1.10%
47 ASTRONOVA INC 627,891 8,985,000 0.90%
48 FRP HLDGS INC COM 246,228 7,985,000 0.80%
49 LMI Aerospace, Inc. 768,063 7,688,000 0.77%
50 GLOBAL POWER EQUIPMENT GRP I 963,824 7,479,000 0.75%
Page 1 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001144969-15-000046, filed 2015.08.11).

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.