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
1-800-FLOWERS.COM INC-CL A EQUITY 68243Q106 321,632 105,800 SH SOLE 105,800 0 0
3D SYSTEMS CORP EQUITY 88554D205 75,200 40,000 SH SOLE 40,000 0 0
A10 NETWORKS INC EQUITY 002121101 832,320 36,000 SH SOLE 36,000 0 0
ACCURAY INC EQUITY 004397105 6,986 18,000 SH SOLE 18,000 0 0
ACME UNITED CORP EQUITY 004816104 449,100 10,000 SH SOLE 10,000 0 0
ALLIENT INC EQUITY 019330109 2,718,140 46,000 SH SOLE 46,000 0 0
AMERICAN OUTDOOR BRANDS INC EQUITY 02875D109 1,092,378 116,957 SH SOLE 116,957 0 0
AMPCO-PITTSBURGH CORP EQUITY 032037103 873,600 130,000 SH SOLE 130,000 0 0
ANTERIX INC EQUITY 03676C100 2,024,070 53,000 SH SOLE 53,000 0 0
ARKO CORP EQUITY 041242108 639,400 115,000 SH SOLE 115,000 0 0
ARLO TECHNOLOGIES INC EQUITY 04206A101 882,260 62,000 SH SOLE 62,000 0 0
ARTESIAN RESOURCES CORP-CL A EQUITY 043113208 997,542 31,320 SH SOLE 31,320 0 0
ASTEC INDUSTRIES INC EQUITY 046224101 1,981,312 36,800 SH SOLE 36,800 0 0
ASTRONICS CORP EQUITY 046433108 3,803,610 57,000 SH SOLE 57,000 0 0
ATLANTIC AMERICAN CORP EQUITY 048209100 44,270 19,000 SH SOLE 19,000 0 0
ATLANTIC UNION BANKSHARES CO EQUITY 04911A107 1,072,200 30,000 SH SOLE 30,000 0 0
BADGER METER INC EQUITY 056525108 495,138 3,250 SH SOLE 3,250 0 0
BELLRING BRANDS INC EQUITY 07831C103 160,900 10,000 SH SOLE 10,000 0 0
CALAVO GROWERS INC EQUITY 128246105 1,774,352 68,800 SH SOLE 68,800 0 0
CALIFORNIA WATER SERVICE GRP EQUITY 130788102 909,520 20,060 SH SOLE 20,060 0 0
CAPITAL CITY BANK GROUP INC EQUITY 139674105 2,933,550 67,500 SH SOLE 67,500 0 0
CASELLA WASTE SYSTEMS INC-A EQUITY 147448104 786,259 9,910 SH SOLE 9,910 0 0
CITIZENS & NORTHERN CORP EQUITY 172922106 268,080 12,000 SH SOLE 12,000 0 0
COMMERCIAL VEHICLE GROUP INC EQUITY 202608105 150,817 44,228 SH SOLE 44,228 0 0
CONSOLIDATED WATER CO-ORD SH EQUITY G23773107 1,006,848 30,400 SH SOLE 30,400 0 0
CORE MOLDING TECHNOLOGIES IN EQUITY 218683100 1,587,936 70,890 SH SOLE 70,890 0 0
CTS CORP EQUITY 126501105 2,152,591 45,071 SH SOLE 45,071 0 0
DAWSON GEOPHYSICAL CO EQUITY 239360100 69,200 20,000 SH SOLE 20,000 0 0
DHI GROUP INC EQUITY 23331S100 126,450 45,000 SH SOLE 45,000 0 0
DIGI INTERNATIONAL INC EQUITY 253798102 385,600 8,000 SH SOLE 8,000 0 0
DISTRIBUTION SOLUTIONS GROUP EQUITY 520776105 2,453,440 93,500 SH SOLE 93,500 0 0
DUCOMMUN INC EQUITY 264147109 2,379,000 19,500 SH SOLE 19,500 0 0
EASTERN CO/THE EQUITY 276317104 2,604,888 128,700 SH SOLE 128,700 0 0
ELECTROMED INC EQUITY 285409108 468,200 20,000 SH SOLE 20,000 0 0
ENERGY RECOVERY INC EQUITY 29270J100 271,890 27,000 SH SOLE 27,000 0 0
ENTRAVISION COMMUNICATIONS-A EQUITY 29382R107 237,600 80,000 SH SOLE 80,000 0 0
EW SCRIPPS CO NEW EQUITY 811054402 762,600 205,000 SH SOLE 205,000 0 0
EXELIXIS INC EQUITY 30161Q104 1,951,495 45,500 SH SOLE 45,500 0 0
FARMER BROS CO EQUITY 307675108 27,940 22,000 SH SOLE 22,000 0 0
FARMERS NATL BANC CORP EQUITY 309627107 497,448 37,800 SH SOLE 37,800 0 0
FEDERAL SIGNAL CORP EQUITY 313855108 400,118 3,700 SH SOLE 3,700 0 0
FLUSHING FINANCIAL CORP EQUITY 343873105 1,382,400 90,000 SH SOLE 90,000 0 0
FNB CORP EQUITY 302520101 1,178,760 70,500 SH SOLE 70,500 0 0
FOSTER (LB) CO-A EQUITY 350060109 2,752,084 98,641 SH SOLE 98,641 0 0
FREQUENCY ELECTRONICS INC EQUITY 358010106 212,448 4,800 SH SOLE 4,800 0 0
FRP HOLDINGS INC EQUITY 30292L107 765,800 35,000 SH SOLE 35,000 0 0
FS BANCORP INC EQUITY 30263Y104 810,390 21,000 SH SOLE 21,000 0 0
GARRETT MOTION INC EQUITY 366505105 726,800 40,000 SH SOLE 40,000 0 0
GENCOR INDUSTRIES INC EQUITY 368678108 3,715,500 247,700 SH SOLE 247,700 0 0
GENIUS SPORTS LTD EQUITY G3934V109 88,600 20,000 SH SOLE 20,000 0 0
GIBRALTAR INDUSTRIES INC EQUITY 374689107 2,073,240 52,000 SH SOLE 52,000 0 0
GOLDEN ENTERTAINMENT INC EQUITY 381013101 1,334,500 50,000 SH SOLE 50,000 0 0
GORMAN-RUPP CO EQUITY 383082104 2,497,626 40,200 SH SOLE 40,200 0 0
GRAHAM CORP EQUITY 384556106 1,680,996 21,300 SH SOLE 21,300 0 0
GRANITE CONSTRUCTION INC EQUITY 387328107 419,580 3,500 SH SOLE 3,500 0 0
GRAY MEDIA INC EQUITY 389375106 1,027,452 236,740 SH SOLE 236,740 0 0
GRAY MEDIA INC-A EQUITY 389375205 1,079,670 87,000 SH SOLE 87,000 0 0
GYRODYNE LLC EQUITY 403829104 146,340 18,000 SH SOLE 18,000 0 0
HANOVER BANCORP INC EQUITY 410709109 291,465 13,500 SH SOLE 13,500 0 0
HAWKINS INC EQUITY 420261109 660,480 4,300 SH SOLE 4,300 0 0
HUNTINGTON BANCSHARES INC EQUITY 446150104 232,403 14,850 SH SOLE 14,850 0 0
I3 VERTICALS INC-CLASS A EQUITY 46571Y107 670,800 30,000 SH SOLE 30,000 0 0
ICF INTERNATIONAL INC EQUITY 44925C103 326,450 5,000 SH SOLE 5,000 0 0
IMAX CORP EQUITY 45245E109 1,140,300 30,000 SH SOLE 30,000 0 0
INFUSYSTEM HOLDINGS INC EQUITY 45685K102 1,707,550 185,000 SH SOLE 185,000 0 0
INNOVATIVE SOLUTIONS & SUPP EQUITY 45769N105 2,278,830 111,000 SH SOLE 111,000 0 0
INSPIRED ENTERTAINMENT INC EQUITY 45782N108 1,446,677 202,900 SH SOLE 202,900 0 0
JOHNSON OUTDOORS INC-A EQUITY 479167108 232,550 5,000 SH SOLE 5,000 0 0
KALTURA INC EQUITY 483467106 122,000 100,000 SH SOLE 100,000 0 0
KIMBALL ELECTRONICS INC EQUITY 49428J109 734,390 31,000 SH SOLE 31,000 0 0
KKR & CO INC EQUITY 48251W104 925,000 10,000 SH SOLE 10,000 0 0
LANDS' END INC EQUITY 51509F105 241,615 21,496 SH SOLE 21,496 0 0
LEE ENTERPRISES EQUITY 523768406 146,370 17,000 SH SOLE 17,000 0 0
LEGACY HOUSING CORP EQUITY 52472M101 612,900 30,000 SH SOLE 30,000 0 0
LEMAITRE VASCULAR INC EQUITY 525558201 218,340 2,000 SH SOLE 2,000 0 0
LIFETIME BRANDS INC EQUITY 53222Q103 292,166 50,900 SH SOLE 50,900 0 0
LIFEWAY FOODS INC EQUITY 531914109 193,400 10,000 SH SOLE 10,000 0 0
LIMONEIRA CO EQUITY 532746104 1,516,460 113,000 SH SOLE 113,000 0 0
MANITOWOC COMPANY INC EQUITY 563571405 147,955 12,700 SH SOLE 12,700 0 0
MARCUS CORPORATION EQUITY 566330106 1,116,050 65,000 SH SOLE 65,000 0 0
MARINE PRODUCTS CORP EQUITY 568427108 1,621,210 223,000 SH SOLE 223,000 0 0
MATERIALISE NV-ADR DEPOSITORY RECEI 57667T100 49,400 10,000 SH SOLE 10,000 0 0
MATTHEWS INTL CORP-CLASS A EQUITY 577128101 206,560 8,000 SH SOLE 8,000 0 0
MEDALLION FINANCIAL CORP EQUITY 583928106 466,520 54,500 SH SOLE 54,500 0 0
MIDDLESEX WATER CO EQUITY 596680108 260,250 5,000 SH SOLE 5,000 0 0
MINERALS TECHNOLOGIES INC EQUITY 603158106 248,220 3,500 SH SOLE 3,500 0 0
MITEK SYSTEMS INC EQUITY 606710200 1,212,300 89,800 SH SOLE 89,800 0 0
MODINE MANUFACTURING CO EQUITY 607828100 476,762 2,200 SH SOLE 2,200 0 0
MONRO INC EQUITY 610236101 802,000 50,000 SH SOLE 50,000 0 0
MOVADO GROUP INC EQUITY 624580106 1,392,038 57,004 SH SOLE 57,004 0 0
MSA SAFETY INC EQUITY 553498106 672,195 4,100 SH SOLE 4,100 0 0
MYERS INDUSTRIES INC EQUITY 628464109 5,284,410 249,500 SH SOLE 249,500 0 0
MYR GROUP INC/DELAWARE EQUITY 55405W104 1,693,920 6,000 SH SOLE 6,000 0 0
N-ABLE INC EQUITY 62878D100 116,750 25,000 SH SOLE 25,000 0 0
NATHAN'S FAMOUS INC EQUITY 632347100 2,158,140 21,425 SH SOLE 21,425 0 0
NAVIGATOR HOLDINGS LTD EQUITY Y62132108 1,565,730 81,000 SH SOLE 81,000 0 0
NEOGEN CORP EQUITY 640491106 1,687,621 181,660 SH SOLE 181,660 0 0
NEOGENOMICS INC EQUITY 64049M209 394,002 53,100 SH SOLE 53,100 0 0
NIAGEN BIOSCIENCE INC EQUITY 171077407 132,300 30,000 SH SOLE 30,000 0 0
NORTHRIM BANCORP INC EQUITY 666762109 311,168 13,600 SH SOLE 13,600 0 0
OIL-DRI CORP OF AMERICA EQUITY 677864100 663,918 10,200 SH SOLE 10,200 0 0
OPENLANE INC EQUITY 48238T109 757,900 26,000 SH SOLE 26,000 0 0
OPKO HEALTH INC EQUITY 68375N103 159,600 140,000 SH SOLE 140,000 0 0
OPTION CARE HEALTH INC EQUITY 68404L201 269,200 10,000 SH SOLE 10,000 0 0
ORTHOFIX MEDICAL INC EQUITY 68752M108 198,431 17,300 SH SOLE 17,300 0 0
PARK AEROSPACE CORP EQUITY 70014A104 840,566 30,700 SH SOLE 30,700 0 0
PARK-OHIO HOLDINGS CORP EQUITY 700666100 3,709,372 154,300 SH SOLE 154,300 0 0
PITNEY BOWES INC EQUITY 724479100 497,250 45,000 SH SOLE 45,000 0 0
PRIMIS FINANCIAL CORP EQUITY 74167B109 199,200 15,000 SH SOLE 15,000 0 0
PURSUIT ATTRACTIONS AND HOSP EQUITY 92552R406 366,300 10,000 SH SOLE 10,000 0 0
READING INTERNATIONAL INC-A EQUITY 755408101 157,070 139,000 SH SOLE 139,000 0 0
READING INTERNATIONAL INC-B EQUITY 755408200 687,830 74,360 SH SOLE 74,360 0 0
RED VIOLET INC EQUITY 75704L104 276,800 8,000 SH SOLE 8,000 0 0
RENASANT CORP EQUITY 75970E107 922,399 25,530 SH SOLE 25,530 0 0
RGC RESOURCES INC EQUITY 74955L103 2,083,725 94,500 SH SOLE 94,500 0 0
RPC INC EQUITY 749660106 410,640 58,000 SH SOLE 58,000 0 0
RUSH ENTERPRISES INC - CL B EQUITY 781846308 2,625,480 40,800 SH SOLE 40,800 0 0
RUSH ENTERPRISES INC-CL A EQUITY 781846209 528,880 8,000 SH SOLE 8,000 0 0
SILVERCREST ASSET MANAGEME-A EQUITY 828359109 719,040 53,500 SH SOLE 53,500 0 0
SINCLAIR INC EQUITY 829242106 372,672 28,800 SH SOLE 28,800 0 0
SOUTHERN FIRST BANCSHARES EQUITY 842873101 915,600 16,800 SH SOLE 16,800 0 0
SPORTSMAN'S WAREHOUSE HOLDIN EQUITY 84920Y106 112,800 80,000 SH SOLE 80,000 0 0
STANDARD MOTOR PRODS EQUITY 853666105 1,129,050 32,500 SH SOLE 32,500 0 0
STELLAR BANCORP INC EQUITY 858927106 1,603,518 43,800 SH SOLE 43,800 0 0
STONERIDGE INC EQUITY 86183P102 96,600 20,000 SH SOLE 20,000 0 0
STRATASYS LTD EQUITY M85548101 78,100 10,000 SH SOLE 10,000 0 0
STRATTEC SECURITY CORP EQUITY 863111100 1,668,642 21,300 SH SOLE 21,300 0 0
TEJON RANCH CO EQUITY 879080109 1,544,880 82,000 SH SOLE 82,000 0 0
TENNANT CO EQUITY 880345103 564,400 8,500 SH SOLE 8,500 0 0
TITAN INTERNATIONAL INC EQUITY 88830M102 139,582 20,200 SH SOLE 20,200 0 0
TITAN MACHINERY INC EQUITY 88830R101 1,437,920 86,000 SH SOLE 86,000 0 0
TOWNSQUARE MEDIA INC - CL A EQUITY 892231101 624,450 115,000 SH SOLE 115,000 0 0
TRANSACT TECHNOLOGIES INC EQUITY 892918103 106,925 32,500 SH SOLE 32,500 0 0
TREDEGAR CORP EQUITY 894650100 898,350 113,000 SH SOLE 113,000 0 0
TRUSTCO BANK CORP NY EQUITY 898349204 202,264 4,620 SH SOLE 4,620 0 0
TWIN DISC INC EQUITY 901476101 1,378,905 91,500 SH SOLE 91,500 0 0
TYLER TECHNOLOGIES INC EQUITY 902252105 342,380 1,000 SH SOLE 1,000 0 0
ULTRA CLEAN HOLDINGS INC EQUITY 90385V107 2,611,560 42,000 SH SOLE 42,000 0 0
ULTRALIFE CORP EQUITY 903899102 710,680 109,000 SH SOLE 109,000 0 0
UNITED BANKSHARES INC EQUITY 909907107 289,940 7,000 SH SOLE 7,000 0 0
UNITED GUARDIAN INC EQUITY 910571108 360,199 53,761 SH SOLE 53,761 0 0
UNIVERSAL TECHNICAL INSTITUT EQUITY 913915104 314,070 8,700 SH SOLE 8,700 0 0
VALLEY NATIONAL BANCORP EQUITY 919794107 515,760 42,000 SH SOLE 42,000 0 0
VALUE LINE INC EQUITY 920437100 1,057,218 29,958 SH SOLE 29,958 0 0
VISHAY PRECISION GROUP EQUITY 92835K103 1,304,120 30,035 SH SOLE 30,035 0 0
WABASH NATIONAL CORP EQUITY 929566107 372,384 43,200 SH SOLE 43,200 0 0
WASHINGTON TRUST BANCORP EQUITY 940610108 1,113,549 33,280 SH SOLE 33,280 0 0
WATERSTONE FINANCIAL INC EQUITY 94188P101 1,063,770 59,000 SH SOLE 59,000 0 0
WEAVE COMMUNICATIONS INC EQUITY 94724R108 199,418 43,164 SH SOLE 43,164 0 0
WESTERN NEW ENGLAND BANCORP EQUITY 958892101 866,310 67,000 SH SOLE 67,000 0 0
WILLAMETTE VALLEY VINEYARDS EQUITY 969136100 52,685 20,500 SH SOLE 20,500 0 0
WINNEBAGO INDUSTRIES EQUITY 974637100 526,830 17,000 SH SOLE 17,000 0 0
YORK WATER CO EQUITY 987184108 961,307 31,570 SH SOLE 31,570 0 0