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
Estimated average burden
hours per response: 23.8
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
Andersons Inc COM 034164103 2,547,367 69,269 SH SOLE 69,269 0 0
Bar Harbor Bankshares COM 066849100 1,428,673 47,686 SH SOLE 47,686 0 0
Blue Bird Corp COM 095306106 3,554,866 82,417 SH SOLE 82,417 0 0
Brunswick Corp COM 117043109 954,621 17,276 SH SOLE 17,276 0 0
Build-A-Bear Workshop Inc COM 120076104 38,171,026 740,636 SH SOLE 740,636 0 0
CF Industries Holdings Inc COM 125269100 4,507,775 49,000 SH SOLE 49,000 0 0
CVR Partners LP COM 126633205 4,569,308 51,433 SH SOLE 51,433 0 0
Bunge Ltd COM SHS H11356104 2,336,042 29,086 SH SOLE 29,086 0 0
Capital Bancorp Inc COM 139737100 2,546,210 75,893 SH SOLE 75,893 0 0
Carriage Services Inc COM 143905107 9,600,444 209,777 SH SOLE 209,777 0 0
Central Pacific Financial Corp COM NEW 154760409 1,262,627 45,118 SH SOLE 45,118 0 0
Citizens Financial Group Inc COM 174610105 664,822 14,863 SH SOLE 14,863 0 0
Citizens Financial Services Inc COM 174615104 999,393 16,936 SH SOLE 16,936 0 0
Columbia Banking System Inc COM 197236102 238,865 10,221 SH SOLE 10,221 0 0
Coty Inc COM CL A 222070203 1,193,765 257,000 SH SOLE 257,000 0 0
Crown Crafts Inc COM 228309100 1,132,999 396,326 SH SOLE 396,326 0 0
DXP Enterprises Inc COM NEW 233377407 2,289,521 26,154 SH SOLE 26,154 0 0
Deere & Co COM 244199105 6,352,110 12,500 SH SOLE 12,500 0 0
Denison Mines Corp COM 248356107 3,708,994 2,037,909 SH SOLE 2,037,909 0 0
Eastern Co COM 276317104 1,072,402 46,922 SH SOLE 46,922 0 0
Epsilon Energy Ltd COM 294375209 1,079,781 146,411 SH SOLE 146,411 0 0
Escalade Inc COM 296056104 1,102,982 78,529 SH SOLE 78,529 0 0
Espey MFG and Electronics Corp COM 296650104 2,275,546 50,023 SH SOLE 50,023 0 0
Everus Construction Group Inc COM 300426103 21,939,975 342,430 SH SOLE 342,430 0 0
FIRST BANCORP N C COM 318910106 255,237 5,789 SH SOLE 5,789 0 0
First Business Financial Services Inc COM 319390100 4,486,734 88,640 SH SOLE 88,640 0 0
Fortuna Mining Corp COM NEW 349942102 2,446,357 373,775 SH SOLE 373,775 0 0
L.B. Foster Co COM 350060109 889,027 40,675 SH SOLE 40,675 0 0
Friedman Industries Inc COM 358435105 6,976,641 419,816 SH SOLE 419,816 0 0
Garrett Motion Inc COM 366505105 4,381,872 417,520 SH SOLE 417,520 0 0
Gencor Industries Inc COM 368678108 2,116,457 151,222 SH SOLE 151,222 0 0
German American Bancorp Inc COM 373865104 542,574 14,102 SH SOLE 14,102 0 0
Graham Corp COM 384556106 4,347,007 87,916 SH SOLE 87,916 0 0
Greenbrier Companies Inc COM 393657101 5,793,060 125,854 SH SOLE 125,854 0 0
Group 1 Automotive Inc COM 398905109 9,122,328 20,900 SH SOLE 20,900 0 0
Gulf Island Fabrication Inc COM 402307102 1,562,245 233,869 SH SOLE 233,869 0 0
Hanmi Financial Corp COM NEW 410495204 2,023,798 81,902 SH SOLE 81,902 0 0
Hawkins Inc COM 420261109 13,849,085 97,419 SH SOLE 97,419 0 0
Hayward Holdings Inc COM 421298100 5,484,933 397,603 SH SOLE 397,603 0 0
Hingham Institution For Savings COM 433323102 6,780,407 27,259 SH SOLE 27,259 0 0
Hyster-Yale Materials Handling Inc CL A 449172105 1,485,933 37,335 SH SOLE 37,335 0 0
Innovex International Inc COM 457651107 3,412,206 218,591 SH SOLE 218,591 0 0
Johnson Outdoors Inc CL A 479167108 3,106,135 102,748 SH SOLE 102,748 0 0
Kewaunee Scientific Corp COM 492854104 2,810,733 47,977 SH SOLE 47,977 0 0
Kingstone Companies Inc COM 496719105 4,119,775 267,488 SH SOLE 267,488 0 0
Vital Energy Inc COM 516806205 386,312 24,002 SH SOLE 24,002 0 0
Lifeway Foods Inc COM 531914109 1,476,615 59,782 SH SOLE 59,782 0 0
LIMONEIRA COMPANY COM 532746104 159,051 10,163 SH SOLE 10,163 0 0
MANITOWOC COMPANY INC COM NEW 563571405 180,300 15,000 SH SOLE 15,000 0 0
MarineMax Inc COM 567908108 4,159,029 165,549 SH SOLE 165,549 0 0
Marine Products Corp COM 568427108 3,024,144 355,019 SH SOLE 355,019 0 0
Martin Midstream Partners LP UNIT L P INT 573331105 996,239 335,434 SH SOLE 335,434 0 0
Matrix Service Co COM 576853105 3,213,312 237,935 SH SOLE 237,935 0 0
Medallion Financial Corp COM 583928106 1,181,445 123,757 SH SOLE 123,757 0 0
Mercantile Bank Corp COM 587376104 3,444,747 74,290 SH SOLE 74,290 0 0
MICROSOFT CORP COM 594918104 1,492,230 3,000 SH SOLE 3,000 0 0
MORGAN STANLEY COM NEW 617446448 704,300 5,000 SH SOLE 5,000 0 0
Murphy Usa Inc COM 626755102 18,792,566 46,261 SH SOLE 46,261 0 0
NN Inc COM 629337106 857,377 410,228 SH SOLE 410,228 0 0
Flagstar Financial Inc COM NEW 649445400 988,778 93,237 SH SOLE 93,237 0 0
Northrim BanCorp Inc COM 666762109 9,136,104 97,853 SH SOLE 97,853 0 0
PACKAGING CORP OF AMERICA COM 695156109 433,435 2,300 SH SOLE 2,300 0 0
Pan American Silver Corp COM 697900108 2,122,924 74,764 SH SOLE 74,764 0 0
Patrick Industries Inc COM 703343103 5,722,184 61,982 SH SOLE 61,982 0 0
PEOPLES BANCORP OF NC COM 710577107 619,150 21,461 SH SOLE 21,461 0 0
Plumas Bancorp COM 729273102 7,428,696 166,818 SH SOLE 166,818 0 0
Preferred Bank COM NEW 740367404 4,732,194 54,679 SH SOLE 54,679 0 0
Scotts Miracle-Gro Co CL A 810186106 2,965,876 44,975 SH SOLE 44,975 0 0
Seabridge Gold Inc COM 811916105 580,400 40,000 SH SOLE 40,000 0 0
SOUTHSTATE CORP COM 840441109 239,370 2,601 SH SOLE 2,601 0 0
Southern First Bancshares Inc COM 842873101 479,707 12,591 SH SOLE 12,591 0 0
Sterling Construction Company Inc COM 859241101 16,133,134 69,957 SH SOLE 69,957 0 0
Strattec Security Corp COM 863111100 3,023,113 48,842 SH SOLE 48,842 0 0
SUPERIOR GROUP OF COMPANIES INC COM 868358102 225,611 21,904 SH SOLE 21,904 0 0
Ascent Industries Co COM 871565107 2,497,528 197,824 SH SOLE 197,824 0 0
Taylor Devices Inc COM 877163105 1,881,185 42,876 SH SOLE 42,876 0 0
Thor Industries Inc COM 885160101 1,549,205 17,455 SH SOLE 17,455 0 0
Timberland Bancorp Inc COM 887098101 1,818,349 58,060 SH SOLE 58,060 0 0
Toll Brothers Inc COM 889478103 10,848,525 95,000 SH SOLE 95,000 0 0
UFP Technologies Inc COM 902673102 19,935,081 81,602 SH SOLE 81,602 0 0
Uranium Energy Corp COM 916896103 1,980,650 291,272 SH SOLE 291,272 0 0
Valmont Industries Inc COM 920253101 7,764,869 23,800 SH SOLE 23,800 0 0
Virginia National Bankshares Corp COM 928031103 1,122,091 30,269 SH SOLE 30,269 0 0
Climb Global Solutions Inc COM 946760105 24,417,910 228,088 SH SOLE 228,088 0 0
Westwood Holdings Group Inc COM 961765104 1,137,315 72,921 SH SOLE 72,921 0 0
Winnebago Industries Inc COM 974637100 2,158,661 74,426 SH SOLE 74,426 0 0
Worthington Enterprises Inc COM 981811102 3,118,834 49,019 SH SOLE 49,019 0 0
Worthington Steel Inc COM SHS 982104101 1,468,687 49,194 SH SOLE 49,194 0 0
Home Bancorp Inc COM 43689E107 1,191,815 22,985 SH SOLE 22,985 0 0
Pennant Group Inc COM 70805E109 13,149,490 440,591 SH SOLE 440,591 0 0
Smurfit Westrock PLC SHS G8267P108 5,909,495 137,000 SH SOLE 137,000 0 0
ACUITY INC COM 00508Y102 8,122,075 27,211 SH SOLE 27,211 0 0
Gates Industrial Corporation PLC ORD SHS G39108108 2,794,959 121,388 SH SOLE 121,388 0 0
TechnipFMC PLC COM G87110105 5,821,061 169,094 SH SOLE 169,094 0 0
Weatherford International PLC ORD SHS G48833118 1,760,150 35,000 SH SOLE 35,000 0 0
Noble Corp (Cayman Island) ORD SHS A G65431127 866,755 32,640 SH SOLE 32,640 0 0
Alta Equipment Group Inc COMMON STOCK 02128L106 591,828 93,422 SH SOLE 93,422 0 0
Ameris Bancorp COM 03076K108 2,388,612 36,935 SH SOLE 36,935 0 0
Antero Resources Corp COM 03674X106 1,610,200 40,000 SH SOLE 40,000 0 0
Atlantic Union Bankshares Corp COM 04911A107 949,082 30,338 SH SOLE 30,338 0 0
BRP Inc COM SUN VTG 05577W200 1,116,767 23,019 SH SOLE 23,019 0 0
Bank Ozk COM 06417N103 2,541,030 54,000 SH SOLE 54,000 0 0
BARINGS BDC INC COM 06759L103 139,888 15,305 SH SOLE 15,305 0 0
Barrick Mining Corporation COM SHS 06849F108 2,248,020 108,000 SH SOLE 108,000 0 0
Bluelinx Holdings Inc COM NEW 09624H208 3,857,396 51,873 SH SOLE 51,873 0 0
B2Gold Corp COM 11777Q209 1,446,166 400,600 SH SOLE 400,600 0 0
Builders FirstSource Inc COM 12008R107 9,858,499 84,501 SH SOLE 84,501 0 0
CB Financial Services Inc COM 12479G101 970,087 34,074 SH SOLE 34,074 0 0
CF Bankshares Inc COM 12520L109 1,236,467 51,498 SH SOLE 51,498 0 0
Cameco Corp COM 13321L108 36,759,013 495,361 SH SOLE 495,361 0 0
CARETRUST REIT INC COM 14174T107 950,834 31,073 SH SOLE 31,073 0 0
Cenovus Energy Inc COM 15135U109 3,673,350 270,000 SH SOLE 270,000 0 0
Colony Bankcorp Inc COM 19623P101 1,122,414 68,087 SH SOLE 68,087 0 0
Customers Bancorp Inc COM 23204G100 2,468,045 42,020 SH SOLE 42,020 0 0
DELL TECHNOLOGIES INC CL C CL C 24703L202 711,080 5,800 SH SOLE 5,800 0 0
Dream Finders Homes Inc COM CL A 26154D100 3,783,620 150,502 SH SOLE 150,502 0 0
East West Bancorp Inc COM 27579R104 3,332,835 33,000 SH SOLE 33,000 0 0
Ensign Group Inc COM 29358P101 5,429,565 35,189 SH SOLE 35,189 0 0
FS Bancorp Inc COM 30263Y104 15,192,739 385,451 SH SOLE 385,451 0 0
First Citizens BancShares Inc (Delaware) CL A 31946M103 1,959,305 1,000 SH SOLE 1,000 0 0
First National Corp COM 32106V107 2,689,060 138,113 SH SOLE 138,113 0 0
First United Corp COM 33741H107 4,670,361 150,390 SH SOLE 150,390 0 0
Forum Energy Technologies Inc COM 34984V209 4,235,133 217,242 SH SOLE 217,242 0 0
Freeport-McMoRan Inc CL B 35671D857 5,176,850 119,000 SH SOLE 119,000 0 0
Galiano Gold Inc COM 36352H100 1,039,655 815,416 SH SOLE 815,416 0 0
Geospace Technologies Corp COM 37364X109 2,061,104 144,234 SH SOLE 144,234 0 0
IES Holdings Inc COM 44951W106 1,778,490 6,000 SH SOLE 6,000 0 0
Jacobs Solutions Inc COM 46982L108 2,431,363 18,500 SH SOLE 18,500 0 0
Jewett-Cameron Trading Company Ltd COM NEW 47733C207 121,537 31,609 SH SOLE 31,609 0 0
Karat Packaging Inc COM 48563L101 6,443,501 229,143 SH SOLE 229,143 0 0
LCI Industries COM 50189K103 7,359,898 80,652 SH SOLE 80,652 0 0
Landmark Bancorp Inc COM 51504L107 1,274,274 48,322 SH SOLE 48,322 0 0
M/I Homes Inc COM 55305B101 8,363,292 74,589 SH SOLE 74,589 0 0
MPLX LP COM UNIT REP LTD 55336V100 257,525 5,000 SH SOLE 5,000 0 0
Malibu Boats Inc COM CL A 56117J100 3,382,652 107,869 SH SOLE 107,869 0 0
MasterBrand Inc COMMON STOCK 57638P104 12,237,719 1,119,149 SH SOLE 1,119,149 0 0
Metrocity Bankshares Inc COM 59165J105 2,263,748 79,249 SH SOLE 79,249 0 0
Mid Penn Bancorp Inc COM 59540G107 2,925,916 103,824 SH SOLE 103,824 0 0
Mosaic Co COM 61945C103 4,776,514 130,989 SH SOLE 130,989 0 0
Mr. Cooper Group Inc COM 62482R107 16,865,815 113,000 SH SOLE 113,000 0 0
NVR INC COM 62944T105 369,283 50 SH SOLE 50 0 0
Nov Inc COM 62955J103 870,450 70,000 SH SOLE 70,000 0 0
NETFLIX INC COM 64110L106 4,017,390 3,000 SH SOLE 3,000 0 0
Nexgen Energy Ltd COM 65340P106 8,388,600 1,208,732 SH SOLE 1,208,732 0 0
Nutrien Ltd COM 67077M108 2,445,720 42,000 SH SOLE 42,000 0 0
OFG Bancorp COM 67103X102 2,141,250 50,000 SH SOLE 50,000 0 0
OneWater Marine Inc CL A COM 68280L101 621,235 46,443 SH SOLE 46,443 0 0
Orion Group Holdings Inc COM 68628V308 3,606,189 397,809 SH SOLE 397,809 0 0
PBF Energy Inc CL A 69318G106 801,605 37,000 SH SOLE 37,000 0 0
Permian Resources Corp CLASS A COM 71424F105 2,434,553 178,814 SH SOLE 178,814 0 0
PINNACLE FINANCIAL PARTNERS INC COM 72346Q104 648,548 5,874 SH SOLE 5,874 0 0
PRIMIS FINL CORP COM 74167B109 119,524 11,016 SH SOLE 11,016 0 0
Proficient Auto Logistics Inc COM 74317M104 4,164,548 572,909 SH SOLE 572,909 0 0
Ring Energy Inc COM 76680V108 461,910 585,957 SH SOLE 585,957 0 0
SLM Corp COM 78442P106 4,328,940 132,000 SH SOLE 132,000 0 0
SM Energy Co COM 78454L100 1,235,750 50,000 SH SOLE 50,000 0 0
Six Flags Entertainment Corp COM 83001C108 2,252,739 74,064 SH SOLE 74,064 0 0
Talen Energy Corp COM 87422Q109 2,182,163 7,500 SH SOLE 7,500 0 0
SOMNIGROUP INTERNATIONAL INC COM 88023U101 544,400 8,000 SH SOLE 8,000 0 0
Tidewater Inc COM 88642R109 5,710,267 123,773 SH SOLE 123,773 0 0
TORTOISE ENERGY INFRASTRUCTURE CORP COM 89147L886 506,534 11,541 SH SOLE 11,541 0 0
Towne Bank COM 89214P109 3,985,645 116,625 SH SOLE 116,625 0 0
Ufp Industries Inc COM 90278Q108 6,762,526 68,054 SH SOLE 68,054 0 0
Ulta Beauty Inc COM 90384S303 5,614,740 12,000 SH SOLE 12,000 0 0
Vail Resorts Inc COM 91879Q109 1,583,526 10,073 SH SOLE 10,073 0 0
V2X Inc COM 92242T101 436,995 9,000 SH SOLE 9,000 0 0
Vital Farms Inc COM 92847W103 5,859,589 152,213 SH SOLE 152,213 0 0
West Bancorporation Inc CAP STK 95123P106 628,696 32,156 SH SOLE 32,156 0 0
Xpel Inc COM 98379L100 897,500 25,000 SH SOLE 25,000 0 0
Assured Guaranty Ltd COM G0585R106 4,327,467 49,721 SH SOLE 49,721 0 0
Borr Drilling Ltd SHS G1466R173 3,287,599 1,801,424 SH SOLE 1,801,424 0 0
FLEX LNG Ltd SHS G35947202 911,755 41,500 SH SOLE 41,500 0 0
Tsakos Energy Navigation Ltd SHS G9108L173 313,199 16,338 SH SOLE 16,338 0 0
Golar LNG Ltd SHS G9456A100 10,563,268 256,390 SH SOLE 256,390 0 0
Valaris Ltd SHS G9460G101 2,455,022 58,321 SH SOLE 58,321 0 0
Scorpio Tankers Inc SHS Y7542C130 792,290 20,258 SH SOLE 20,258 0 0