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 289,884 83,300 SH SOLE 83,300 0 0
3D SYSTEMS CORP EQUITY 88554D205 120,800 40,000 SH SOLE 40,000 0 0
A10 NETWORKS INC EQUITY 002121101 1,344,960 36,000 SH SOLE 36,000 0 0
ACCURAY INC EQUITY 004397105 4,640 18,000 SH SOLE 18,000 0 0
ACME UNITED CORP EQUITY 004816104 429,480 9,000 SH SOLE 9,000 0 0
ALLIENT INC EQUITY 019330109 4,631,850 45,000 SH SOLE 45,000 0 0
ALPINE INCOME PROPERTY TRUST EQUITY 02083X103 207,600 10,000 SH SOLE 10,000 0 0
AMERICAN OUTDOOR BRANDS INC EQUITY 02875D109 1,356,639 115,557 SH SOLE 115,557 0 0
AMPCO-PITTSBURGH CORP EQUITY 032037103 1,124,500 130,000 SH SOLE 130,000 0 0
ANTERIX INC EQUITY 03676C100 4,426,420 43,000 SH SOLE 43,000 0 0
ARKO CORP EQUITY 041242108 923,450 115,000 SH SOLE 115,000 0 0
ARLO TECHNOLOGIES INC EQUITY 04206A101 835,760 62,000 SH SOLE 62,000 0 0
ARTESIAN RESOURCES CORP-CL A EQUITY 043113208 1,064,567 31,320 SH SOLE 31,320 0 0
ASTEC INDUSTRIES INC EQUITY 046224101 2,202,840 36,000 SH SOLE 36,000 0 0
ASTRONICS CORP EQUITY 046433108 4,550,560 56,000 SH SOLE 56,000 0 0
ATLANTIC AMERICAN CORP EQUITY 048209100 31,730 19,000 SH SOLE 19,000 0 0
ATLANTIC UNION BANKSHARES CO EQUITY 04911A107 1,269,300 30,000 SH SOLE 30,000 0 0
BADGER METER INC EQUITY 056525108 482,235 3,250 SH SOLE 3,250 0 0
BELLRING BRANDS INC EQUITY 07831C103 129,400 10,000 SH SOLE 10,000 0 0
CALIFORNIA WATER SERVICE GRP EQUITY 130788102 975,919 20,060 SH SOLE 20,060 0 0
CAPITAL CITY BANK GROUP INC EQUITY 139674105 3,335,850 67,500 SH SOLE 67,500 0 0
CASELLA WASTE SYSTEMS INC-A EQUITY 147448104 960,973 9,910 SH SOLE 9,910 0 0
CITIZENS & NORTHERN CORP EQUITY 172922106 279,720 12,000 SH SOLE 12,000 0 0
COMMERCIAL VEHICLE GROUP INC EQUITY 202608105 184,929 40,028 SH SOLE 40,028 0 0
CONSOLIDATED WATER CO-ORD SH EQUITY G23773107 896,800 30,400 SH SOLE 30,400 0 0
CORE MOLDING TECHNOLOGIES IN EQUITY 218683100 1,673,004 70,890 SH SOLE 70,890 0 0
CTS CORP EQUITY 126501105 2,188,493 33,571 SH SOLE 33,571 0 0
DAWSON GEOPHYSICAL CO EQUITY 239360100 118,800 20,000 SH SOLE 20,000 0 0
DHI GROUP INC EQUITY 23331S100 166,950 45,000 SH SOLE 45,000 0 0
DIGI INTERNATIONAL INC EQUITY 253798102 599,600 8,000 SH SOLE 8,000 0 0
DISTRIBUTION SOLUTIONS GROUP EQUITY 520776105 2,461,500 90,000 SH SOLE 90,000 0 0
DUCOMMUN INC EQUITY 264147109 3,148,570 17,000 SH SOLE 17,000 0 0
EASTERN CO/THE EQUITY 276317104 3,542,520 127,200 SH SOLE 127,200 0 0
ELECTROMED INC EQUITY 285409108 846,000 20,000 SH SOLE 20,000 0 0
ENERGY RECOVERY INC EQUITY 29270J100 243,540 27,000 SH SOLE 27,000 0 0
ENTRAVISION COMMUNICATIONS-A EQUITY 29382R107 1,043,200 80,000 SH SOLE 80,000 0 0
EW SCRIPPS CO NEW EQUITY 811054402 567,850 205,000 SH SOLE 205,000 0 0
EXELIXIS INC EQUITY 30161Q104 2,475,655 45,500 SH SOLE 45,500 0 0
FARMERS NATL BANC CORP EQUITY 309627107 551,880 37,800 SH SOLE 37,800 0 0
FEDERAL SIGNAL CORP EQUITY 313855108 475,413 3,700 SH SOLE 3,700 0 0
FNB CORP EQUITY 302520101 1,345,140 70,500 SH SOLE 70,500 0 0
FOSTER (LB) CO-A EQUITY 350060109 3,796,087 84,040 SH SOLE 84,040 0 0
FREQUENCY ELECTRONICS INC EQUITY 358010106 318,480 4,800 SH SOLE 4,800 0 0
FRP HOLDINGS INC EQUITY 30292L107 874,650 35,000 SH SOLE 35,000 0 0
FS BANCORP INC EQUITY 30263Y104 911,400 21,000 SH SOLE 21,000 0 0
GARRETT MOTION INC EQUITY 366505105 1,449,200 40,000 SH SOLE 40,000 0 0
GENCOR INDUSTRIES INC EQUITY 368678108 3,695,684 247,700 SH SOLE 247,700 0 0
GENIUS SPORTS LTD EQUITY G3934V109 121,200 20,000 SH SOLE 20,000 0 0
GIBRALTAR INDUSTRIES INC EQUITY 374689107 2,345,200 52,000 SH SOLE 52,000 0 0
GORMAN-RUPP CO EQUITY 383082104 3,541,164 38,600 SH SOLE 38,600 0 0
GRAHAM CORP EQUITY 384556106 2,352,010 19,000 SH SOLE 19,000 0 0
GRANITE CONSTRUCTION INC EQUITY 387328107 553,280 3,500 SH SOLE 3,500 0 0
GRAY MEDIA INC EQUITY 389375106 939,858 236,740 SH SOLE 236,740 0 0
GRAY MEDIA INC-A EQUITY 389375205 609,000 87,000 SH SOLE 87,000 0 0
GYRODYNE LLC EQUITY 403829104 110,250 18,000 SH SOLE 18,000 0 0
HANOVER BANCORP INC EQUITY 410709109 314,820 13,500 SH SOLE 13,500 0 0
HAWKINS INC EQUITY 420261109 568,400 4,000 SH SOLE 4,000 0 0
HUNTINGTON BANCSHARES INC EQUITY 446150104 263,291 14,850 SH SOLE 14,850 0 0
I3 VERTICALS INC-CLASS A EQUITY 46571Y107 640,800 30,000 SH SOLE 30,000 0 0
ICF INTERNATIONAL INC EQUITY 44925C103 364,300 5,000 SH SOLE 5,000 0 0
IMAX CORP EQUITY 45245E109 1,195,800 30,000 SH SOLE 30,000 0 0
INFUSYSTEM HOLDINGS INC EQUITY 45685K102 1,785,250 185,000 SH SOLE 185,000 0 0
INNOVATIVE SOLUTIONS & SUPP EQUITY 45769N105 2,088,000 116,000 SH SOLE 116,000 0 0
INSPIRED ENTERTAINMENT INC EQUITY 45782N108 1,673,925 202,900 SH SOLE 202,900 0 0
JOHNSON OUTDOORS INC-A EQUITY 479167108 230,200 5,000 SH SOLE 5,000 0 0
KALTURA INC EQUITY 483467106 130,000 100,000 SH SOLE 100,000 0 0
KIMBALL ELECTRONICS INC EQUITY 49428J109 793,600 31,000 SH SOLE 31,000 0 0
KKR & CO INC EQUITY 48251W104 917,800 10,000 SH SOLE 10,000 0 0
LANDS' END INC EQUITY 51509F105 208,164 19,863 SH SOLE 19,863 0 0
LANTRONIX INC EQUITY 516548203 446,880 76,000 SH SOLE 76,000 0 0
LEE ENTERPRISES EQUITY 523768406 152,320 17,000 SH SOLE 17,000 0 0
LEGACY HOUSING CORP EQUITY 52472M101 788,100 30,000 SH SOLE 30,000 0 0
LIFETIME BRANDS INC EQUITY 53222Q103 348,877 40,900 SH SOLE 40,900 0 0
LIFEWAY FOODS INC EQUITY 531914109 358,080 12,000 SH SOLE 12,000 0 0
LIMONEIRA CO EQUITY 532746104 1,457,430 111,000 SH SOLE 111,000 0 0
MANITOWOC COMPANY INC EQUITY 563571405 176,403 12,700 SH SOLE 12,700 0 0
MARCUS CORPORATION EQUITY 566330106 1,524,900 65,000 SH SOLE 65,000 0 0
MASTERCRAFT BOAT HOLDINGS IN EQUITY 57637H103 1,335,824 51,736 SH SOLE 51,736 0 0
MATERIALISE NV-ADR DEPOSITORY RECEI 57667T100 74,300 10,000 SH SOLE 10,000 0 0
MATTHEWS INTL CORP-CLASS A EQUITY 577128101 215,360 8,000 SH SOLE 8,000 0 0
MEDALLION FINANCIAL CORP EQUITY 583928106 556,445 54,500 SH SOLE 54,500 0 0
MIDDLEBY CORP EQUITY 596278101 223,613 1,300 SH SOLE 1,300 0 0
MIDDLESEX WATER CO EQUITY 596680108 280,800 5,000 SH SOLE 5,000 0 0
MINERALS TECHNOLOGIES INC EQUITY 603158106 258,895 3,500 SH SOLE 3,500 0 0
MISSION PRODUCE INC EQUITY 60510V108 794,115 67,355 SH SOLE 67,355 0 0
MITEK SYSTEMS INC EQUITY 606710200 1,711,050 85,000 SH SOLE 85,000 0 0
MODINE MANUFACTURING CO EQUITY 607828100 534,040 2,000 SH SOLE 2,000 0 0
MONRO INC EQUITY 610236101 975,270 57,000 SH SOLE 57,000 0 0
MOVADO GROUP INC EQUITY 624580106 2,063,775 52,500 SH SOLE 52,500 0 0
MSA SAFETY INC EQUITY 553498106 715,778 4,100 SH SOLE 4,100 0 0
MYERS INDUSTRIES INC EQUITY 628464109 8,283,726 234,600 SH SOLE 234,600 0 0
MYR GROUP INC/DELAWARE EQUITY 55405W104 2,251,800 4,500 SH SOLE 4,500 0 0
N-ABLE INC EQUITY 62878D100 91,750 25,000 SH SOLE 25,000 0 0
NATHAN'S FAMOUS INC EQUITY 632347100 304,800 3,000 SH SOLE 3,000 0 0
NAVIGATOR HOLDINGS LTD EQUITY Y62132108 1,509,030 81,000 SH SOLE 81,000 0 0
NEOGEN CORP EQUITY 640491106 1,633,123 181,660 SH SOLE 181,660 0 0
NEOGENOMICS INC EQUITY 64049M209 774,729 53,100 SH SOLE 53,100 0 0
NIAGEN BIOSCIENCE INC EQUITY 171077407 79,750 25,000 SH SOLE 25,000 0 0
NORTHRIM BANCORP INC EQUITY 666762109 377,264 13,600 SH SOLE 13,600 0 0
OCEANFIRST FINANCIAL CORP EQUITY 675234108 1,494,045 76,500 SH SOLE 76,500 0 0
OIL STATES INTERNATIONAL INC EQUITY 678026105 432,540 54,000 SH SOLE 54,000 0 0
OIL-DRI CORP OF AMERICA EQUITY 677864100 1,042,542 10,200 SH SOLE 10,200 0 0
OPENLANE INC EQUITY 48238T109 1,072,240 26,000 SH SOLE 26,000 0 0
OPKO HEALTH INC EQUITY 68375N103 210,000 140,000 SH SOLE 140,000 0 0
OPTION CARE HEALTH INC EQUITY 68404L201 209,700 10,000 SH SOLE 10,000 0 0
ORTHOFIX MEDICAL INC EQUITY 68752M108 150,810 16,500 SH SOLE 16,500 0 0
PAR TECHNOLOGY CORP/DEL EQUITY 698884103 174,200 10,000 SH SOLE 10,000 0 0
PARK AEROSPACE CORP EQUITY 70014A104 1,095,192 28,700 SH SOLE 28,700 0 0
PARK-OHIO HOLDINGS CORP EQUITY 700666100 5,882,850 153,000 SH SOLE 153,000 0 0
PITNEY BOWES INC EQUITY 724479100 788,400 45,000 SH SOLE 45,000 0 0
PRIMIS FINANCIAL CORP EQUITY 74167B109 245,550 15,000 SH SOLE 15,000 0 0
PURSUIT ATTRACTIONS AND HOSP EQUITY 92552R406 559,700 10,000 SH SOLE 10,000 0 0
READING INTERNATIONAL INC-A EQUITY 755408101 177,920 139,000 SH SOLE 139,000 0 0
READING INTERNATIONAL INC-B EQUITY 755408200 632,804 74,360 SH SOLE 74,360 0 0
RED VIOLET INC EQUITY 75704L104 637,200 10,000 SH SOLE 10,000 0 0
RENASANT CORP EQUITY 75970E107 1,086,046 25,530 SH SOLE 25,530 0 0
RGC RESOURCES INC EQUITY 74955L103 2,258,550 94,500 SH SOLE 94,500 0 0
RPC INC EQUITY 749660106 338,140 58,000 SH SOLE 58,000 0 0
RUSH ENTERPRISES INC - CL B EQUITY 781846308 2,524,500 33,000 SH SOLE 33,000 0 0
RUSH ENTERPRISES INC-CL A EQUITY 781846209 510,895 7,000 SH SOLE 7,000 0 0
SILVERCREST ASSET MANAGEME-A EQUITY 828359109 540,885 53,500 SH SOLE 53,500 0 0
SINCLAIR INC EQUITY 829242106 410,400 28,800 SH SOLE 28,800 0 0
SOUTHERN FIRST BANCSHARES EQUITY 842873101 1,026,480 16,800 SH SOLE 16,800 0 0
SPORTSMAN'S WAREHOUSE HOLDIN EQUITY 84920Y106 106,400 80,000 SH SOLE 80,000 0 0
STANDARD MOTOR PRODS EQUITY 853666105 1,266,525 32,500 SH SOLE 32,500 0 0
STELLAR BANCORP INC EQUITY 858927106 1,682,896 42,800 SH SOLE 42,800 0 0
STONERIDGE INC EQUITY 86183P102 146,400 20,000 SH SOLE 20,000 0 0
STRATASYS LTD EQUITY M85548101 85,600 10,000 SH SOLE 10,000 0 0
STRATTEC SECURITY CORP EQUITY 863111100 1,571,985 19,300 SH SOLE 19,300 0 0
TEJON RANCH CO EQUITY 879080109 1,512,830 80,900 SH SOLE 80,900 0 0
TENNANT CO EQUITY 880345103 744,090 8,500 SH SOLE 8,500 0 0
TITAN INTERNATIONAL INC EQUITY 88830M102 155,742 20,200 SH SOLE 20,200 0 0
TITAN MACHINERY INC EQUITY 88830R101 1,816,320 86,000 SH SOLE 86,000 0 0
TOWNSQUARE MEDIA INC - CL A EQUITY 892231101 813,050 115,000 SH SOLE 115,000 0 0
TRANSACT TECHNOLOGIES INC EQUITY 892918103 189,800 32,500 SH SOLE 32,500 0 0
TREDEGAR CORP EQUITY 894650100 899,480 113,000 SH SOLE 113,000 0 0
TRUSTCO BANK CORP NY EQUITY 898349204 253,684 4,620 SH SOLE 4,620 0 0
TWIN DISC INC EQUITY 901476101 2,104,240 90,700 SH SOLE 90,700 0 0
TYLER TECHNOLOGIES INC EQUITY 902252105 292,460 1,000 SH SOLE 1,000 0 0
ULTRA CLEAN HOLDINGS INC EQUITY 90385V107 5,233,053 36,700 SH SOLE 36,700 0 0
ULTRALIFE CORP EQUITY 903899102 688,880 109,000 SH SOLE 109,000 0 0
UNITED BANKSHARES INC EQUITY 909907107 320,810 7,000 SH SOLE 7,000 0 0
UNITED GUARDIAN INC EQUITY 910571108 383,854 53,761 SH SOLE 53,761 0 0
UNIVERSAL TECHNICAL INSTITUT EQUITY 913915104 372,099 8,700 SH SOLE 8,700 0 0
VALLEY NATIONAL BANCORP EQUITY 919794107 615,300 42,000 SH SOLE 42,000 0 0
VALUE LINE INC EQUITY 920437100 1,212,700 29,958 SH SOLE 29,958 0 0
VICI PROPERTIES INC EQUITY 925652109 1,156,784 43,570 SH SOLE 43,570 0 0
VISHAY PRECISION GROUP EQUITY 92835K103 3,453,177 23,035 SH SOLE 23,035 0 0
WABASH NATIONAL CORP EQUITY 929566107 583,200 43,200 SH SOLE 43,200 0 0
WASHINGTON TRUST BANCORP EQUITY 940610108 1,214,054 33,280 SH SOLE 33,280 0 0
WATERSTONE FINANCIAL INC EQUITY 94188P101 1,223,070 59,000 SH SOLE 59,000 0 0
WEAVE COMMUNICATIONS INC EQUITY 94724R108 258,552 43,164 SH SOLE 43,164 0 0
WESTERN NEW ENGLAND BANCORP EQUITY 958892101 958,100 67,000 SH SOLE 67,000 0 0
WILLAMETTE VALLEY VINEYARDS EQUITY 969136100 51,455 20,500 SH SOLE 20,500 0 0
WINNEBAGO INDUSTRIES EQUITY 974637100 531,080 17,000 SH SOLE 17,000 0 0
XEROX HOLDINGS CORP EQUITY 98421M106 38,017 12,146 SH SOLE 12,146 0 0
YORK WATER CO EQUITY 987184108 978,042 31,910 SH SOLE 31,910 0 0