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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 (2015Q4)
Portfolio Summary: 62 holdings with a total value of $794,488,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 QAD INC 1,752 32,000 0.00%
2 VISHAY PRECISION GROUP INC 84,376 955,000 0.12%
3 RAND LOGISTICS INC 631,913 1,011,000 0.13%
4 PATRIOT TRANSN HLDG INC COM 68,503 1,541,000 0.19%
5 ACCURIDE CORP NEW 1,271,428 2,111,000 0.27%
6 KEY TECHNOLOGY INC 227,268 2,357,000 0.30%
7 GLOBAL POWER EQUIPMENT GRP I 731,249 2,545,000 0.32%
8 UNITED STATES LIME & MINERAL 54,685 3,005,000 0.38%
9 OMNOVA SOLUTIONS INCORPORATED 535,009 3,280,000 0.41%
10 UNIVERSAL STAINLESS & ALLOY 492,070 4,571,000 0.58%
11 CITI TRENDS INC COM 235,174 4,997,000 0.63%
12 NORTHERN TECH INTL CORP 418,254 5,801,000 0.73%
13 COMMERCIAL VEH GROUP INC 2,164,895 5,975,000 0.75%
14 CPI AEROSTRUCTURES INC COM NEW 622,730 6,059,000 0.76%
15 HOUSTON WIRE CABLE CO 1,151,189 6,078,000 0.77%
16 Dynamic Materials 888,582 6,211,000 0.78%
17 Libbey Inc Com 300,019 6,396,000 0.81%
18 LMI Aerospace, Inc. 754,712 7,600,000 0.96%
19 FRP HLDGS INC COM 224,681 7,626,000 0.96%
20 QAD Inc 377,730 7,751,000 0.98%
21 ASTRONOVA INC 537,778 7,771,000 0.98%
22 TITAN MACHY INC COM 751,980 8,219,000 1.03%
23 INTREPID POTASH INC 2,804,368 8,273,000 1.04%
24 ASHFORD HOSPITALITY PRIME IN 572,849 8,306,000 1.05%
25 HORIZON GLOBAL CORPORATION 849,000 8,804,000 1.11%
26 FURMANITE CORPORATION 1,353,139 9,012,000 1.13%
27 CENTRAL GARDEN & PET CO 697,700 9,489,000 1.19%
28 HomeTrust Bancshares, Inc. 490,051 9,924,000 1.25%
29 COLUMBUS MCKINNON CORP N Y COM 527,931 9,978,000 1.26%
30 HILL INTERNATIONAL INC 2,792,569 10,835,000 1.36%
31 LAYNE CHRISTENSEN CO 2,164,081 11,383,000 1.43%
32 FIRST CONN BANCORP INC MD 692,192 12,051,000 1.52%
33 MERCURY SYS INC COM 664,103 12,193,000 1.53%
34 UMH PPTYS INC 1,210,268 12,248,000 1.54%
35 MARINEMAX INC COM 670,096 12,343,000 1.55%
36 Casella Waste SYS 2,144,151 12,822,000 1.61%
37 WILLIS LEASE FINANCE CORP COM 643,814 12,941,000 1.63%
38 MODINE MFG CO COM 1,435,134 12,988,000 1.63%
39 INSTEEL INDUSTRIES 648,202 13,560,000 1.71%
40 STONERIDGE INC COM 978,025 14,475,000 1.82%
41 Douglas Dynamics Inc 697,447 14,695,000 1.85%
42 ENVIRI CORP COM 2,065,239 16,274,000 2.05%
43 ASHFORD HOSPITALITY TR INC 2,616,732 16,512,000 2.08%
44 GREAT LAKES DREDGE & DOCK CO 4,183,757 16,568,000 2.09%
45 GREENHILL & CO INC COM 635,199 18,173,000 2.29%
46 CENTRAL GARDEN & PET CO COM 1,402,306 18,959,000 2.39%
47 RIGNET INC 1,020,384 21,112,000 2.66%
48 BRIGGS & STRATTON CORP 1,232,794 21,327,000 2.68%
49 HEADWATERS INC COM 1,264,307 21,329,000 2.68%
50 POWELL INDS INC COM 821,774 21,391,000 2.69%
Page 1 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001144969-16-000056, filed 2016.02.10).

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.