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
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
3M CO COM 88579y101 2,384 14,305 SH   SOLE   14,305 0 0
A H BELO CORP COM CL A 001282102 5,134 1,067,388 SH   SOLE   1,067,388 0 0
ACCENTURE PLC IRELAND SHS CLASS A g1151c101 4,180 36,223 SH   SOLE   36,223 0 0
AGILYSYS INC COM 00847J105 2,604 255,000 SH   SOLE   255,000 0 0
ALAMO GROUP INC COM 011311107 6,735 120,889 SH   SOLE   120,889 0 0
ALCENTRA CAP CORP COM 01374t102 3,297 283,478 SH   SOLE   283,478 0 0
ALPINE TOTAL DYNAMIC DIVID F COM SH BEN INT N 021060207 1,885 251,307 SH   SOLE   251,307 0 0
AMERCO COM 023586100 8,865 24,809 SH   SOLE   24,809 0 0
AMERIPRISE FINL INC COM 03076c106 3,468 36,887 SH   SOLE   36,887 0 0
ANTHEM INC COM 036752103 4,050 29,137 SH   SOLE   29,137 0 0
ARBOR RLTY TR INC COM 038923108 9,277 1,370,379 SH   SOLE   1,370,379 0 0
ARC DOCUMENT SOLUTIONS INC COM 00191g103 4,562 1,013,829 SH   SOLE   1,013,829 0 0
ASTRO-MED INC NEW COM 04638f108 730 52,700 SH   SOLE   52,700 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 1,831 131,335 SH   SOLE   131,335 0 0
AWARE INC MASS COM 05453N100 3,183 853,220 SH   SOLE   853,220 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 4,948 34,877 SH   SOLE   34,877 0 0
BLACKROCK CAPITAL INVESTMENT COM 092533108 8,179 869,171 SH   SOLE   869,171 0 0
BLACKROCK MUN 2030 TAR TERM COM SHS BEN IN 09257p105 3,850 167,850 SH   SOLE   167,850 0 0
BLACKROCK RES & COMM STRAT T SHS 09257a108 2,241 310,786 SH   SOLE   310,786 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257r101 6,571 482,069 SH   SOLE   482,069 0 0
BLACKSTONE MTG TR INC COM CL A 09257w100 5,418 201,713 SH   SOLE   201,713 0 0
BLACKSTONE GSO FLTING RTE FU COM 09256u105 7,668 501,147 SH   SOLE   501,147 0 0
BLOCK H & R INC COM 093671105 2,721 102,993 SH   SOLE   102,993 0 0
BOEING CO COM 097023105 3,932 30,976 SH   SOLE   30,976 0 0
BSB BANCORP INC MD COM 05573h108 3,449 153,498 SH   SOLE   153,498 0 0
CALAMOS DYNAMIC CONV & INCOM COM 12811v105 8,167 472,603 SH   SOLE   472,603 0 0
CALAVO GROWERS INC COM 128246105 3,858 67,611 SH   SOLE   67,611 0 0
CALLAWAY GOLF CO COM 131193104 11,289 1,237,835 SH   SOLE   1,237,835 0 0
CAPITAL SOUTHWEST CORP COM 140501107 16,529 1,191,701 SH   SOLE   1,191,701 0 0
CARMIKE CINEMAS INC COM 143436400 9,410 313,257 SH   SOLE   313,257 0 0
CECO ENVIRONMENTAL CORP COM 125141101 4,694 755,934 SH   SOLE   755,934 0 0
CENTURYLINK INC COM 156700106 6,233 195,022 SH   SOLE   195,022 0 0
CHEROKEE INC DEL NEW COM 16444h102 5,396 303,320 SH   SOLE   303,320 0 0
CHIMERA INVT CORP COM NEW 16934q208 5,993 440,975 SH   SOLE   440,975 0 0
CINTAS CORP COM 172908105 3,679 40,967 SH   SOLE   40,967 0 0
CLOUGH GLOBAL EQUITY FD COM 18914c100 4,335 398,422 SH   SOLE   398,422 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914e106 4,173 435,647 SH   SOLE   435,647 0 0
COCA COLA CO COM 191216100 2,598 56,000 SH   SOLE   56,000 0 0
COHEN & STEERS INFRASTRUCTUR COM 19248a109 4,771 240,837 SH   SOLE   240,837 0 0
CORENERGY INFRASTRUCTURE TR COM NEW 21870U502 9,428 468,831 SH   SOLE   468,831 0 0
CSW INDUSTRIALS INC COM 126402106 3,968 125,955 SH   SOLE   125,955 0 0
CULP INC COM 230215105 1,786 68,100 SH   SOLE   68,100 0 0
CVS HEALTH CORP COM 126650100 5,585 53,845 SH   SOLE   53,845 0 0
DST SYS INC DEL COM 233326107 3,352 29,728 SH   SOLE   29,728 0 0
DEERE & CO COM 244199105 2,549 33,113 SH   SOLE   33,113 0 0
DELUXE CORP COM 248019101 6,813 109,031 SH   SOLE   109,031 0 0
DEMAND MEDIA INC COM NEW 24802N208 1,958 391,600 SH   SOLE   391,600 0 0
DESTINATION XL GROUP INC COM 25065k104 9,521 1,841,564 SH   SOLE   1,841,564 0 0
DHI GROUP INC COM 23331s100 4,145 513,672 SH   SOLE   513,672 0 0
DIGI INTL INC COM 253798102 9,912 1,051,072 SH   SOLE   1,051,072 0 0
DIGIRAD CORP COM 253827109 5,774 1,164,022 SH   SOLE   1,164,022 0 0
DLH HLDGS CORP COM 23335Q100 668 174,000 SH   SOLE   174,000 0 0
DOUGLAS DYNAMICS INC COM 25960r105 13,148 573,903 SH   SOLE   573,903 0 0
EATON VANCE ENHANCED EQ INC COM 278274105 1,534 122,388 SH   SOLE   122,388 0 0
EATON VANCE TAX ADVT DIV INC COM 27828g107 7,693 400,866 SH   SOLE   400,866 0 0
ECOLAB INC COM 278865100 725 6,500 SH   SOLE   6,500 0 0
ENSTAR GROUP LIMITED SHS g3075p101 5,735 35,272 SH   SOLE   35,272 0 0
ENTEGRA FINL CORP COM 29363j108 3,489 200,866 SH   SOLE   200,866 0 0
EXA CORP COM 300614500 1,621 125,150 SH   SOLE   125,150 0 0
EXXON MOBIL CORP COM 30231g102 4,041 48,342 SH   SOLE   48,342 0 0
FARMERS NATL BANC CORP COM 309627107 1,399 157,000 SH   SOLE   157,000 0 0
FIBROGEN INC COM 31572q808 803 37,698 SH   SOLE   37,698 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 1,644 236,915 SH   SOLE   236,915 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 8,831 385,115 SH   SOLE   385,115 0 0
FIRST FINANCIAL NORTHWEST IN COM 32022k102 1,328 100,815 SH   SOLE   100,815 0 0
FIRST NORTHWEST BANCORP COM 335834107 3,640 282,850 SH   SOLE   282,850 0 0
FISERV INC COM 337738108 6,293 61,345 SH   SOLE   61,345 0 0
FLEXSTEEL INDS INC COM 339382103 2,892 66,200 SH   SOLE   66,200 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 3,110 230,361 SH   SOLE   230,361 0 0
FRANKLIN COVEY CO COM 353469109 10,301 585,620 SH   SOLE   585,620 0 0
GSI GROUP INC CDA NEW COM NEW 36191c205 4,335 306,179 SH   SOLE   306,179 0 0
GDL FUND COM SH BEN IT 361570104 6,755 673,490 SH   SOLE   673,490 0 0
GENTHERM INC COM 37253a103 5,896 141,769 SH   SOLE   141,769 0 0
GREEN BRICK PARTNERS INC COM 392709101 2,274 299,592 SH   SOLE   299,592 0 0
RYDEX ETF TRUST GUG S&P500 PU VA 78355w304 10,469 207,150 SH   SOLE   207,150 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG SPINOFF ETF 18383m605 2,747 71,190 SH   SOLE   71,190 0 0
HACKETT GROUP INC COM 404609109 8,716 576,427 SH   SOLE   576,427 0 0
HALLMARK FINL SVCS INC EC COM NEW 40624q203 1,759 152,978 SH   SOLE   152,978 0 0
HARVEST CAP CR CORP COM 41753f109 3,437 282,451 SH   SOLE   282,451 0 0
HOOKER FURNITURE CORP COM 439038100 2,575 78,390 SH   SOLE   78,390 0 0
HORACE MANN EDUCATORS CORP N COM 440327104 8,847 279,178 SH   SOLE   279,178 0 0
HORMEL FOODS CORP COM 440452100 4,721 109,186 SH   SOLE   109,186 0 0
INCONTACT INC COM 45336e109 2,463 277,080 SH   SOLE   277,080 0 0
INFORMATION SERVICES GROUP I COM 45675y104 2,131 542,282 SH   SOLE   542,282 0 0
INTL FCSTONE INC COM 46116v105 10,797 403,912 SH   SOLE   403,912 0 0
INVENTURE FOODS INC COM 461212102 4,140 732,660 SH   SOLE   732,660 0 0
INVESCO LTD SHS g491bt108 3,512 114,125 SH   SOLE   114,125 0 0
ISHARES TR 1-3 YR TR BD ETF 464287457 8,158 95,945 SH   SOLE   95,945 0 0
ISHARES TR S&P 500 GRWT ETF 464287309 12,476 107,650 SH   SOLE   107,650 0 0
ISHARES TR S&P 500 VAL ETF 464287408 2,049 22,781 SH   SOLE   22,781 0 0
ITT CORP NEW COM NEW 450911201 1,716 46,518 SH   SOLE   46,518 0 0
J & J SNACK FOODS CORP COM 466032109 5,607 51,780 SH   SOLE   51,780 0 0
JOHNSON & JOHNSON COM 478160104 4,567 42,208 SH   SOLE   42,208 0 0
JPMORGAN CHASE & CO COM 46625h100 4,978 84,059 SH   SOLE   84,059 0 0
KIMBALL INTL INC CL B 494274103 4,608 406,000 SH   SOLE   406,000 0 0
LANDAUER INC COM 51476k103 8,891 268,856 SH   SOLE   268,856 0 0
LAWSON PRODS INC COM 520776105 1,551 79,200 SH   SOLE   79,200 0 0
LENDINGTREE INC NEW COM 52603b107 3,247 33,203 SH   SOLE   33,203 0 0
LITHIA MTRS INC CL A 536797103 8,058 92,275 SH   SOLE   92,275 0 0
LRAD CORP COM 50213v109 486 292,478 SH   SOLE   292,478 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608b105 6,218 92,201 SH   SOLE   92,201 0 0
MADDEN STEVEN LTD COM 556269108 5,325 143,761 SH   SOLE   143,761 0 0
MADISON CVRED CALL & EQ STR COM 557437100 8,560 1,145,938 SH   SOLE   1,145,938 0 0
MALIBU BOATS INC COM CL A 56117j100 9,831 599,460 SH   SOLE   599,460 0 0
MESA LABS INC COM 59064r109 2,044 21,210 SH   SOLE   21,210 0 0
MICROSOFT CORP COM 594918104 5,525 100,027 SH   SOLE   100,027 0 0
MOCON INC COM 607494101 3,032 218,950 SH   SOLE   218,950 0 0
MONOTYPE IMAGING HOLDINGS IN COM 61022p100 7,947 332,228 SH   SOLE   332,228 0 0
MVC CAPITAL INC COM 553829102 1,318 176,628 SH   SOLE   176,628 0 0
NATHANS FAMOUS INC NEW COM 632347100 1,382 31,700 SH   SOLE   31,700 0 0
NATURAL GAS SERVICES GROUP COM 63886q109 7,391 341,692 SH   SOLE   341,692 0 0
NAUTILUS INC COM 63910b102 15,435 798,913 SH   SOLE   798,913 0 0
NCR CORP NEW COM 62886e108 2,364 78,980 SH   SOLE   78,980 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190a103 7,615 1,496,144 SH   SOLE   1,496,144 0 0
NEW SR INVT GROUP INC COM 648691103 5,431 527,290 SH   SOLE   527,290 0 0
NEWCASTLE INVT CORP NEW COM PAR $0.01 65105m603 13,118 3,029,660 SH   SOLE   3,029,660 0 0
NOVARTIS A G SPONSORED ADR 66987v109 2,250 31,065 SH   SOLE   31,065 0 0
NUVEEN BUILD AMER BD FD COM 67074c103 5,025 232,734 SH   SOLE   232,734 0 0
NUVEEN INTER DURATION MN TMF COM 670671106 5,041 378,422 SH   SOLE   378,422 0 0
NUVEEN MTG OPPORTUNITY TERM COM 670735109 8,014 356,508 SH   SOLE   356,508 0 0
OFS CAP CORP COM 67103b100 157 12,110 SH   SOLE   12,110 0 0
PENNANTPARK FLOATING RATE CA COM 70806a106 8,129 694,790 SH   SOLE   694,790 0 0
PERCEPTRON INC COM 71361f100 1,111 229,000 SH   SOLE   229,000 0 0
PERFORMANCE SPORTS GROUP LTD COM 71377G100 1,310 411,823 SH   SOLE   411,823 0 0
PFSWEB INC COM NEW 717098206 2,085 158,900 SH   SOLE   158,900 0 0
PHOTRONICS INC COM 719405102 4,270 410,145 SH   SOLE   410,145 0 0
PREMIER INC CL A 74051n102 2,426 72,725 SH   SOLE   72,725 0 0
PRISM TECHNOLOGIES GROUP INC COM 74273y100 107 355,335 SH   SOLE   355,335 0 0
PROCTER & GAMBLE CO COM 742718109 4,114 49,987 SH   SOLE   49,987 0 0
PSYCHEMEDICS CORP COM NEW 744375205 2,034 147,908 SH   SOLE   147,908 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 7,080 1,493,698 SH   SOLE   1,493,698 0 0
PZENA INVESTMENT MGMT INC CLASS A 74731q103 11,049 1,463,484 SH   SOLE   1,463,484 0 0
RED LION HOTELS CORP COM 756764106 2,799 332,000 SH   SOLE   332,000 0 0
REDWOOD TR INC COM 758075402 3,753 286,931 SH   SOLE   286,931 0 0
REIS INC COM 75936p105 6,663 282,915 SH   SOLE   282,915 0 0
REPUBLIC SVCS INC COM 760759100 3,938 82,640 SH   SOLE   82,640 0 0
RIGNET INC COM 766582100 1,693 123,766 SH   SOLE   123,766 0 0
ROYCE GLOBAL VALUE TR INC COM 78081t104 1,065 144,479 SH   SOLE   144,479 0 0
ROYCE MICRO-CAP TR INC COM 780915104 5,015 716,377 SH   SOLE   716,377 0 0
ROYCE VALUE TR INC COM 780910105 4,020 343,317 SH   SOLE   343,317 0 0
SALEM MEDIA GROUP INC CL A 794093104 2,099 364,425 SH   SOLE   364,425 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 8,637 554,011 SH   SOLE   554,011 0 0
SILVERCREST ASSET MGMT GROUP CL A 828359109 4,617 362,400 SH   SOLE   362,400 0 0
SIMULATIONS PLUS INC COM 829214105 3,931 445,184 SH   SOLE   445,184 0 0
SOLAR CAP LTD COM 83413u100 4,936 285,641 SH   SOLE   285,641 0 0
SP PLUS CORP COM 78469c103 5,850 243,134 SH   SOLE   243,134 0 0
SPOK HLDGS INC COM 84863t106 13,504 771,225 SH   SOLE   771,225 0 0
STONECASTLE FINL CORP COM 861780104 9,401 543,103 SH   SOLE   543,103 0 0
SUPERIOR UNIFORM GP INC COM 868358102 2,620 147,000 SH   SOLE   147,000 0 0
SUPREME INDS INC CL A 868607102 4,711 532,961 SH   SOLE   532,961 0 0
SYNTEL INC COM 87162h103 4,628 92,690 SH   SOLE   92,690 0 0
TANDY LEATHER FACTORY INC COM 87538X105 1,578 227,000 SH   SOLE   227,000 0 0
TARGET CORP COM 87612e106 4,884 59,360 SH   SOLE   59,360 0 0
TECHTARGET INC COM 87874r100 7,450 1,004,039 SH   SOLE   1,004,039 0 0
THESTREET INC COM 88368q103 2,312 1,864,688 SH   SOLE   1,864,688 0 0
TRANSCAT INC COM 893529107 1,379 136,000 SH   SOLE   136,000 0 0
TRUEBLUE INC COM 89785x101 8,929 341,435 SH   SOLE   341,435 0 0
U S PHYSICAL THERAPY INC COM 90337l108 6,408 128,861 SH   SOLE   128,861 0 0
UFP TECHNOLOGIES INC COM 902673102 3,984 178,900 SH   SOLE   178,900 0 0
UNITED FINL BANCORP INC NEW COM 910304104 5,352 425,075 SH   SOLE   425,075 0 0
UNITED TECHNOLOGIES CORP COM 913017109 2,427 24,243 SH   SOLE   24,243 0 0
U S G CORP COM NEW 903293405 2,587 104,281 SH   SOLE   104,281 0 0
VERIZON COMMUNICATIONS INC COM 92343v104 2,765 51,133 SH   SOLE   51,133 0 0
WASTE MGMT INC DEL COM 94106l109 4,739 80,320 SH   SOLE   80,320 0 0
WEST MARINE INC COM 954235107 2,646 291,100 SH   SOLE   291,100 0 0
WESTWOOD HLDGS GROUP INC COM 961765104 8,702 148,377 SH   SOLE   148,377 0 0