The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
1-800-Flowers.com Inc COM 68243Q106 390,226 66,140 SH SOLE 55,220 0 10,920
ACCO Brands COM 00081T108 890,471 212,523 SH SOLE 177,363 0 35,160
AXT Inc COM 00246W103 2,625,443 1,862,016 SH SOLE 1,296,596 0 565,420
Abacus Global Management Inc COM 00258y104 358,329 47,841 SH SOLE 39,931 0 7,910
Acacia Research Corp COM 003881307 3,070,083 959,401 SH SOLE 680,301 0 279,100
Alico Inc COM 016230104 9,073,091 304,058 SH SOLE 211,728 0 92,330
Alpine Income Property Trust COM 02083X103 4,743,130 283,680 SH SOLE 197,509 0 86,171
American Public Education COM 02913V103 3,301,798 147,930 SH SOLE 102,990 0 44,940
Amtech Systems COM 032332504 2,999,599 621,035 SH SOLE 432,425 0 188,610
Asure Software COM 04649U102 7,058,119 739,070 SH SOLE 524,893 0 214,177
Aviat Networks Inc COM 05366Y201 3,120,033 162,756 SH SOLE 112,376 0 50,380
BGSF Inc COM 05601C105 1,505,830 409,193 SH SOLE 284,908 0 124,285
Banc of California Inc COM 05990K106 1,088,373 76,700 SH SOLE 64,030 0 12,670
Bankwell Financial Group COM 06654A103 5,406,053 179,127 SH SOLE 124,757 0 54,370
Barrett Business Services Inc COM 068463108 11,126,425 270,387 SH SOLE 193,357 0 77,030
Benchmark Electronics, Inc COM 08160H101 700,360 18,416 SH SOLE 15,346 0 3,070
Bloomin Brands COM 094235108 379,773 52,967 SH SOLE 44,207 0 8,760
Bowman Consulting Grp COM 103002101 5,711,339 261,628 SH SOLE 182,168 0 79,460
Brandywine Realty Trust COM 105368203 661,882 148,404 SH SOLE 123,824 0 24,580
Bridgewater Bancshares COM 108621103 956,785 68,883 SH SOLE 57,413 0 11,470
Build A Bear Workshop COM 120076104 8,741,232 235,169 SH SOLE 163,739 0 71,430
Business First Bancshares Inc COM 12326C105 983,131 40,375 SH SOLE 33,695 0 6,680
CPI Card Group COM 12634H200 4,092,113 140,285 SH SOLE 97,688 0 42,597
Caleres Inc COM 129500104 862,809 50,076 SH SOLE 41,796 0 8,280
California Bancorp COM 84252A106 778,821 54,349 SH SOLE 45,359 0 8,990
Capital Bancorp COM 139737100 6,397,424 225,818 SH SOLE 157,235 0 68,583
Carters COM 146229109 303,028 7,409 SH SOLE 6,229 0 1,180
Cheesecake Factory COM 163072101 519,543 10,677 SH SOLE 8,897 0 1,780
Chefs' Warehouse COM 163086101 535,832 9,839 SH SOLE 8,209 0 1,630
Coastal Financial COM 19046P209 1,714,987 18,969 SH SOLE 15,829 0 3,140
Cohu Inc COM 192576106 542,887 36,906 SH SOLE 30,776 0 6,130
Colony Bankcorp COM 19623P101 6,561,664 406,295 SH SOLE 282,903 0 123,392
Columbus McKinnon Corp COM 199333105 324,887 19,190 SH SOLE 15,990 0 3,200
Composecure COM 20459V105 619,753 57,015 SH SOLE 47,587 0 9,428
Comtech Telecom Corp COM 205826209 790,678 494,174 SH SOLE 343,944 0 150,230
ConnectOne Bancorp COM 20786W107 1,147,310 47,195 SH SOLE 39,445 0 7,750
Cooper Standard Hlds COM 21676P103 4,982,922 325,256 SH SOLE 233,036 0 92,220
Core Molding Technologies COM 218683100 2,336,149 153,694 SH SOLE 107,034 0 46,660
Customers Bancorp COM 23204G100 1,288,634 25,670 SH SOLE 21,420 0 4,250
DHI Group COM 23331S100 4,324,489 3,111,143 SH SOLE 2,166,073 0 945,070
DMC Global Inc COM 23291C103 5,077,892 603,075 SH SOLE 428,275 0 174,800
DXP Enterprises, Inc COM 233377407 921,888 11,207 SH SOLE 9,367 0 1,840
Daktronics, Inc COM 234264109 544,349 44,692 SH SOLE 37,322 0 7,370
Designer Brands COM 250565108 638,637 174,969 SH SOLE 145,799 0 29,170
Destination XL Group COM 25065K104 1,778,258 1,217,985 SH SOLE 848,075 0 369,910
Douglas Dynamics Inc COM 25960R105 705,425 30,367 SH SOLE 25,347 0 5,020
EPlus Inc COM 294268107 605,723 9,925 SH SOLE 8,285 0 1,640
Edgewell Personal Care COM 28035Q102 583,440 18,694 SH SOLE 15,614 0 3,080
Enerpac Tool Group COM 292765104 355,381 7,922 SH SOLE 6,632 0 1,290
Ennis Inc COM 293389102 573,228 28,533 SH SOLE 23,833 0 4,700
Esquire Financial Hld COM 29667J101 4,006,522 53,151 SH SOLE 37,011 0 16,140
FS Bancorp COM 30263Y104 8,424,840 221,648 SH SOLE 154,388 0 67,260
First Business Financial Servi COM 319390100 7,078,299 150,123 SH SOLE 104,533 0 45,590
First Financial Corp COM 320218100 880,171 17,970 SH SOLE 15,000 0 2,970
Five Star Bancorp COM 33830T103 4,886,434 175,771 SH SOLE 125,901 0 49,870
Forrester Research COM 346563109 1,989,492 215,313 SH SOLE 149,933 0 65,380
Genasys COM 36872P103 1,964,292 865,327 SH SOLE 602,517 0 262,810
GigaCloud Tech Cls A COM G38644103 582,953 41,053 SH SOLE 34,263 0 6,790
Global Medical REIT COM 37954A204 6,031,716 689,339 SH SOLE 493,909 0 195,430
Global Net Lease REIT COM 379378201 600,315 74,666 SH SOLE 62,319 0 12,347
Guess Inc COM 401617105 514,987 46,521 SH SOLE 38,821 0 7,700
Hackett Group, Inc COM 404609109 651,518 22,297 SH SOLE 18,607 0 3,690
Hamilton Beach Brands Hld COM 40701T104 6,599,652 339,663 SH SOLE 236,523 0 103,140
Hanesbrands COM 410345102 904,944 156,836 SH SOLE 131,166 0 25,670
Healthcare Services Group Inc COM 421906108 952,086 94,453 SH SOLE 78,903 0 15,550
Heidrick & Struggles Intl COM 422819102 1,179,367 27,536 SH SOLE 22,986 0 4,550
Helen of Troy Corp COM G4388N106 614,226 11,483 SH SOLE 9,583 0 1,900
Heritage Financial COM 42722X106 1,021,008 41,965 SH SOLE 35,025 0 6,940
Heritage Insurance Hlds Inc COM 42727J102 11,191,290 776,095 SH SOLE 540,355 0 235,740
Home Bancorp, Inc COM 43689E107 3,887,923 86,784 SH SOLE 60,444 0 26,340
Horizon Bancorp COM 440407104 6,015,110 398,880 SH SOLE 277,750 0 121,130
Hudson Technologies COM 444144109 486,640 78,872 SH SOLE 65,772 0 13,100
Hurco Companies Inc COM 447324104 2,826,713 182,251 SH SOLE 126,901 0 55,350
Ichor Holdings COM G4740B105 473,227 20,930 SH SOLE 17,460 0 3,470
InTest Corp COM 461147100 3,909,752 559,335 SH SOLE 389,495 0 169,840
JAKKS Pacific Inc COM 47012E403 6,724,845 272,592 SH SOLE 189,822 0 82,770
Kelly Services Cls A COM 488152208 637,836 48,431 SH SOLE 40,351 0 8,080
Kimball Electronics COM 49428J109 5,649,736 343,449 SH SOLE 239,099 0 104,350
Koppers Holdings COM 50060P106 856,800 30,600 SH SOLE 25,540 0 5,060
Lakeland Industries COM 511795106 6,051,608 297,962 SH SOLE 207,432 0 90,530
Lifetime Brands Inc COM 53222Q103 2,631,649 533,803 SH SOLE 371,703 0 162,100
Lincoln Education Services COM 533535100 5,138,595 323,793 SH SOLE 225,453 0 98,340
Matrix Service Co COM 576853105 442,943 35,635 SH SOLE 29,745 0 5,890
Metropolitan Bank Hld COM 591774104 9,793,379 174,913 SH SOLE 125,313 0 49,600
Miller Industries Inc COM 600551204 4,194,376 98,994 SH SOLE 68,924 0 30,070
Mistras Group Inc COM 60649T107 3,178,846 300,458 SH SOLE 213,559 0 86,899
MotorCar Parts of America Inc COM 620071100 10,136,234 1,066,972 SH SOLE 742,872 0 324,100
NN Inc COM 629337106 1,002,172 443,439 SH SOLE 308,569 0 134,870
NPK International COM 651718504 282,697 48,657 SH SOLE 40,627 0 8,030
NV5 Global Inc COM 62945V109 320,287 16,621 SH SOLE 13,861 0 2,760
Natural Gas Services Group Inc COM 63886Q109 8,923,203 406,154 SH SOLE 282,809 0 123,345
Netgear Inc COM 64111Q104 615,193 25,151 SH SOLE 21,001 0 4,150
Northeast Bank COM 66405S100 11,432,705 124,893 SH SOLE 89,473 0 35,420
Northwest Pipe COM 667746101 8,194,953 198,425 SH SOLE 138,175 0 60,250
One Stop Systems COM 68247W109 1,069,840 461,138 SH SOLE 321,567 0 139,571
Orrstown Financial Services COM 687380105 2,550,280 84,981 SH SOLE 59,171 0 25,810
PAMT Corp COM 693149106 1,880,013 154,861 SH SOLE 107,815 0 47,046
PC Connection COM 69318J100 585,749 9,384 SH SOLE 7,834 0 1,550
PRA Group COM 69354N106 548,059 26,579 SH SOLE 22,149 0 4,430
Parke Bancorp COM 700885106 5,889,610 312,612 SH SOLE 217,670 0 94,942
Pathward Financial Inc COM 59100U108 1,181,061 16,190 SH SOLE 13,520 0 2,670
Penguin Solutions COM G8232Y101 745,781 42,935 SH SOLE 35,835 0 7,100
Perdoceo Education Corp. COM 71363P106 1,314,623 52,209 SH SOLE 43,569 0 8,640
Photronics Inc COM 719405102 1,198,599 57,736 SH SOLE 48,186 0 9,550
QCR Holdings Inc COM 74727A104 947,558 13,286 SH SOLE 11,116 0 2,170
RCM Technologies COM 749360400 2,449,106 156,994 SH SOLE 109,304 0 47,690
RMR Group Cls A COM 74967R106 364,568 21,896 SH SOLE 18,296 0 3,600
Red Robin Gourmet Burgers COM 75689M101 4,089,774 1,148,813 SH SOLE 798,473 0 350,340
Resources Connection COM 76122Q105 326,804 49,970 SH SOLE 41,720 0 8,250
Ribbon Communications Inc COM 762544104 922,490 235,329 SH SOLE 196,189 0 39,140
Rimini Street Inc. COM 76674Q107 5,565,039 1,599,149 SH SOLE 1,146,089 0 453,060
Riverview Bancorp COM 769397100 4,304,780 761,908 SH SOLE 530,648 0 231,260
Sensus Healthcare COM 81728J109 541,585 114,500 SH SOLE 75,130 0 39,370
Shimmick COM 82455M109 843,685 468,714 SH SOLE 326,384 0 142,330
Shyft Group Inc COM 825698103 375,093 46,365 SH SOLE 38,695 0 7,670
Silvercrest Asset Mgmnt Cls A COM 828359109 3,602,488 220,201 SH SOLE 153,324 0 66,877
Sleep Number Corp COM 83125X103 3,985,749 628,667 SH SOLE 436,487 0 192,180
Smith Micro Software COM 832154405 412,560 562,837 SH SOLE 391,029 0 171,808
Stagwell Inc COM 85256A109 1,320,909 218,332 SH SOLE 182,222 0 36,110
Standard Motor COM 853666105 352,361 14,134 SH SOLE 11,794 0 2,340
Strattec Security COM 863111100 7,140,129 180,946 SH SOLE 125,996 0 54,950
Sunrise Realty Trust COM 867981102 2,141,890 193,486 SH SOLE 134,806 0 58,680
Synergy Inc COM 87165D208 890,102 378,767 SH SOLE 263,707 0 115,060
Tilly's Inc Cls A COM 886885102 1,112,896 505,862 SH SOLE 352,372 0 153,490
TrueBlue Inc COM 89785X101 271,814 51,189 SH SOLE 42,719 0 8,470
Twin Disc Inc COM 901476101 4,281,191 565,547 SH SOLE 393,837 0 171,710
USCB Financial Hlds COM 90355N101 6,768,795 364,698 SH SOLE 253,938 0 110,760
Ultra Clean Holdings COM 90385V107 425,631 19,880 SH SOLE 16,580 0 3,300
Unity Bancorp COM 913290102 6,510,657 159,967 SH SOLE 111,377 0 48,590
Universal Electronics Inc COM 913483103 1,715,754 280,352 SH SOLE 195,182 0 85,170
Universal Logistics COM 91388P105 258,202 9,840 SH SOLE 8,220 0 1,620
Univest Financial Corp COM 915271100 621,197 21,904 SH SOLE 18,254 0 3,650
Versabank COM 92512J106 6,118,854 590,623 SH SOLE 410,033 0 180,590
Wabash National Corp. COM 929566107 643,453 58,231 SH SOLE 48,601 0 9,630
West Bancorporation COM 95123P106 3,998,070 200,505 SH SOLE 143,845 0 56,660
Zumiez Inc COM 989817101 315,921 21,217 SH SOLE 17,727 0 3,490