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ZPR Investment Management
> GFED
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2019 | GUARANTY FEDERAL BANCSHARES INC | GFED | 18,112 | -947 | 440,000 | -3,000 | $24.29 |
| 06/30/2019 | GUARANTY FEDERAL BANCSHARES INC | GFED | 19,059 | 1,429 | 443,000 | 47,000 | $23.24 |
| 03/31/2019 | GUARANTY FEDERAL BANCSHARES INC | GFED | 17,630 | 594 | 396,000 | 24,000 | $22.46 |
| 12/31/2018 | GUARANTY FEDERAL BANCSHARES INC | GFED | 17,036 | -1,411 | 372,000 | -71,000 | $21.84 |
| 09/30/2018 | GUARANTY FEDERAL BANCSHARES INC | GFED | 18,447 | 1,050 | 443,000 | 18,000 | $24.01 |
| 06/30/2018 | GUARANTY FEDERAL BANCSHARES INC | GFED | 17,397 | -40 | 425,000 | 15,000 | $24.43 |
| 03/31/2018 | GUARANTY FEDERAL BANCSHARES INC | GFED | 17,437 | 2,014 | 410,000 | 64,000 | $23.51 |
| 12/31/2017 | GUARANTY FEDERAL BANCSHARES INC | GFED | 15,423 | -450 | 346,000 | 6,000 | $22.43 |
| 09/30/2017 | GUARANTY FEDERAL BANCSHARES INC | GFED | 15,873 | 195 | 340,000 | 8,000 | $21.42 |
| 06/30/2017 | GUARANTY FEDERAL BANCSHARES INC | GFED | 15,678 | 188 | 332,000 | 37,000 | $21.18 |
| 03/31/2017 | GUARANTY FEDERAL BANCSHARES INC | GFED | 15,490 | 2,363 | 295,000 | 17,000 | $19.04 |
| 12/31/2016 | GUARANTY FEDERAL BANCSHARES INC | GFED | 13,127 | 13,127 | 278,000 | 278,000 | $21.18 |
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