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
A H BELO CORP COM CL A 001282102 7,480 1,017,620 SH   SOLE   1,017,620 0 0
ACCENTURE PLC IRELAND SHS CLASS A g1151c101 4,557 37,299 SH   SOLE   37,299 0 0
ADDUS HOMECARE CORP COM 006739106 2,739 104,700 SH   SOLE   104,700 0 0
AGILYSYS INC COM 00847j105 4,636 416,880 SH   SOLE   416,880 0 0
ALAMO GROUP INC COM 011311107 5,470 83,021 SH   SOLE   83,021 0 0
ALCENTRA CAP CORP COM 01374t102 2,974 228,967 SH   SOLE   228,967 0 0
AMERCO COM 023586100 8,282 25,543 SH   SOLE   25,543 0 0
AMERIPRISE FINL INC COM 03076c106 3,776 37,845 SH   SOLE   37,845 0 0
ANTHEM INC COM 036752103 3,763 30,026 SH   SOLE   30,026 0 0
ARBOR RLTY TR INC COM 038923108 10,285 1,386,077 SH   SOLE   1,386,077 0 0
ARC DOCUMENT SOLUTIONS INC COM 00191g103 3,873 1,035,575 SH   SOLE   1,035,575 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 1,967 131,335 SH   SOLE   131,335 0 0
AWARE INC MASS COM 05453N100 3,774 712,000 SH   SOLE   712,000 0 0
B RILEY FINL INC COM 05580m108 5,082 380,411 SH   SOLE   380,411 0 0
BASSETT FURNITURE INDS INC COM 070203104 674 29,000 SH   SOLE   29,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 5,162 35,730 SH   SOLE   35,730 0 0
BG STAFFING INC COM 05544A109 1,533 99,000 SH   SOLE   99,000 0 0
BLACKROCK CAPITAL INVESTMENT COM 092533108 7,384 891,794 SH   SOLE   891,794 0 0
BLACKROCK MUN 2030 TAR TERM COM SHS BEN IN 09257p105 4,341 178,953 SH   SOLE   178,953 0 0
BLACKROCK RES & COMM STRAT T SHS 09257a108 2,671 327,770 SH   SOLE   327,770 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257r101 7,679 514,649 SH   SOLE   514,649 0 0
BLACKSTONE MTG TR INC COM CL A 09257w100 6,272 212,966 SH   SOLE   212,966 0 0
BLACKSTONE GSO FLTING RTE FU COM 09256u105 4,730 280,694 SH   SOLE   280,694 0 0
BLOCK H & R INC COM 093671105 2,375 102,577 SH   SOLE   102,577 0 0
BOEING CO COM 097023105 4,195 31,841 SH   SOLE   31,841 0 0
BRUNSWICK CORP COM 117043109 4,089 83,830 SH   SOLE   83,830 0 0
BSB BANCORP INC MD COM 05573h108 3,899 166,399 SH   SOLE   166,399 0 0
CALAMOS DYNAMIC CONV & INCOM COM 12811v105 10,008 538,931 SH   SOLE   538,931 0 0
CALAVO GROWERS INC COM 128246105 3,362 51,386 SH   SOLE   51,386 0 0
CALLAWAY GOLF CO COM 131193104 13,893 1,196,602 SH   SOLE   1,196,602 0 0
CAPITAL SOUTHWEST CORP COM 140501107 23,670 1,610,202 SH   SOLE   1,610,202 0 0
CARBONITE INC COM 141337105 4,316 280,985 SH   SOLE   280,985 0 0
CECO ENVIRONMENTAL CORP COM 125141101 9,342 828,158 SH   SOLE   828,158 0 0
CENTURYLINK INC COM 156700106 5,740 209,251 SH   SOLE   209,251 0 0
CHEROKEE INC DEL NEW COM 16444h102 3,263 316,805 SH   SOLE   316,805 0 0
CHIMERA INVT CORP COM NEW 16934q208 7,185 450,466 SH   SOLE   450,466 0 0
CINTAS CORP COM 172908105 4,645 41,248 SH   SOLE   41,248 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG S&P SPINOFF 18383m605 2,523 58,836 SH   SOLE   58,836 0 0
COCA COLA CO COM 191216100 2,370 56,000 SH   SOLE   56,000 0 0
COHEN & STEERS INFRASTRUCTUR COM 19248a109 5,330 247,431 SH   SOLE   247,431 0 0
COMMERCEHUB INC COM SER A 20084V108 1,580 100,000 SH   SOLE   100,000 0 0
CORE MOLDING TECHNOLOGIES IN COM 218683100 1,707 101,000 SH   SOLE   101,000 0 0
CORENERGY INFRASTRUCTURE TR COM NEW 21870U502 12,147 414,154 SH   SOLE   414,154 0 0
CSW INDUSTRIALS INC COM 126402106 5,584 172,402 SH   SOLE   172,402 0 0
CULP INC COM 230215105 2,167 72,800 SH   SOLE   72,800 0 0
CVS HEALTH CORP COM 126650100 4,940 55,513 SH   SOLE   55,513 0 0
DST SYS INC DEL COM 233326107 3,562 30,208 SH   SOLE   30,208 0 0
DEERE & CO COM 244199105 2,916 34,165 SH   SOLE   34,165 0 0
DELUXE CORP COM 248019101 7,310 109,402 SH   SOLE   109,402 0 0
DEMAND MEDIA INC COM NEW 24802n208 3,304 580,600 SH   SOLE   580,600 0 0
DESTINATION XL GROUP INC COM 25065k104 8,041 1,856,972 SH   SOLE   1,856,972 0 0
DEUTSCHE HIGH INCOME OPPORT COM 25158y102 5,814 410,873 SH   SOLE   410,873 0 0
DIGI INTL INC COM 253798102 12,146 1,065,435 SH   SOLE   1,065,435 0 0
DIGIRAD CORP COM 253827109 6,208 1,217,269 SH   SOLE   1,217,269 0 0
DLH HLDGS CORP COM 23335Q100 1,268 270,272 SH   SOLE   270,272 0 0
DOUGLAS DYNAMICS INC COM 25960r105 16,045 502,354 SH   SOLE   502,354 0 0
EASTERLY GOVT PPTYS INC COM 27616p103 2,350 123,156 SH   SOLE   123,156 0 0
EATON VANCE TAX ADVT DIV INC COM 27828g107 3,671 182,165 SH   SOLE   182,165 0 0
ECOLAB INC COM 278865100 791 6,500 SH   SOLE   6,500 0 0
ENSTAR GROUP LIMITED SHS g3075p101 5,849 35,561 SH   SOLE   35,561 0 0
ENTEGRA FINL CORP COM 29363j108 4,839 263,250 SH   SOLE   263,250 0 0
EVOLUTION PETROLEUM CORP COM 30049A107 1,570 250,000 SH   SOLE   250,000 0 0
EXA CORP COM 300614500 1,761 109,750 SH   SOLE   109,750 0 0
EXXON MOBIL CORP COM 30231g102 4,347 49,806 SH   SOLE   49,806 0 0
FARMERS NATL BANC CORP COM 309627107 1,434 133,000 SH   SOLE   133,000 0 0
FERRO CORP COM 315405100 7,415 536,895 SH   SOLE   536,895 0 0
FIBROGEN INC COM 31572q808 780 37,698 SH   SOLE   37,698 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 2,256 269,249 SH   SOLE   269,249 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 9,543 406,080 SH   SOLE   406,080 0 0
FIRST NORTHWEST BANCORP COM 335834107 3,811 282,520 SH   SOLE   282,520 0 0
FISERV INC COM 337738108 4,761 47,861 SH   SOLE   47,861 0 0
FLEXSTEEL INDS INC COM 339382103 698 13,500 SH   SOLE   13,500 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 2,859 236,867 SH   SOLE   236,867 0 0
FRANKLIN COVEY CO COM 353469109 7,809 438,485 SH   SOLE   438,485 0 0
GENTHERM INC COM 37253a103 4,499 143,204 SH   SOLE   143,204 0 0
GREEN BRICK PARTNERS INC COM 392709101 9,809 1,187,549 SH   SOLE   1,187,549 0 0
HACKETT GROUP INC COM 404609109 9,674 585,579 SH   SOLE   585,579 0 0
HALLMARK FINL SVCS INC EC COM NEW 40624q203 1,683 163,575 SH   SOLE   163,575 0 0
HARVEST CAP CR CORP COM 41753f109 2,583 212,280 SH   SOLE   212,280 0 0
HERITAGE CRYSTAL CLEAN INC COM 42726M106 1,693 127,456 SH   SOLE   127,456 0 0
HOOKER FURNITURE CORP COM 439038100 3,016 123,145 SH   SOLE   123,145 0 0
HORACE MANN EDUCATORS CORP N COM 440327104 6,576 179,419 SH   SOLE   179,419 0 0
HORMEL FOODS CORP COM 440452100 4,288 113,050 SH   SOLE   113,050 0 0
INFORMATION SERVICES GROUP I COM 45675y104 2,982 747,300 SH   SOLE   747,300 0 0
INTL FCSTONE INC COM 46116v105 17,157 441,621 SH   SOLE   441,621 0 0
INVENTURE FOODS INC COM 461212102 2,669 283,931 SH   SOLE   283,931 0 0
INVESCO LTD SHS g491bt108 3,681 117,707 SH   SOLE   117,707 0 0
ITT INC COM 45073v108 1,726 48,145 SH   SOLE   48,145 0 0
J & J SNACK FOODS CORP COM 466032109 4,116 34,555 SH   SOLE   34,555 0 0
JOHNSON & JOHNSON COM 478160104 4,667 39,503 SH   SOLE   39,503 0 0
JPMORGAN CHASE & CO COM 46625h100 5,752 86,372 SH   SOLE   86,372 0 0
KIMBALL INTL INC CL B 494274103 5,753 444,600 SH   SOLE   444,600 0 0
LANDAUER INC COM 51476k103 11,751 264,192 SH   SOLE   264,192 0 0
LAWSON PRODS INC COM 520776105 1,631 92,000 SH   SOLE   92,000 0 0
LENDINGTREE INC NEW COM 52603b107 3,280 33,846 SH   SOLE   33,846 0 0
LITHIA MTRS INC CL A 536797103 8,902 93,200 SH   SOLE   93,200 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608b105 8,162 98,058 SH   SOLE   98,058 0 0
MADDEN STEVEN LTD COM 556269108 4,997 144,577 SH   SOLE   144,577 0 0
MADISON CVRED CALL & EQ STR COM 557437100 10,877 1,398,091 SH   SOLE   1,398,091 0 0
MALIBU BOATS INC COM CL A 56117j100 8,957 601,120 SH   SOLE   601,120 0 0
MCBC HLDGS INC COM 55276f107 2,149 188,550 SH   SOLE   188,550 0 0
MICROSOFT CORP COM 594918104 5,932 102,981 SH   SOLE   102,981 0 0
MOCON INC COM 607494101 2,905 185,060 SH   SOLE   185,060 0 0
MONOTYPE IMAGING HOLDINGS IN COM 61022p100 7,422 335,671 SH   SOLE   335,671 0 0
MVC CAPITAL INC COM 553829102 1,825 220,172 SH   SOLE   220,172 0 0
NATHANS FAMOUS INC NEW COM 632347100 1,666 31,700 SH   SOLE   31,700 0 0
NATURAL GAS SERVICES GROUP COM 63886q109 8,291 337,168 SH   SOLE   337,168 0 0
NAUTILUS INC COM 63910b102 17,999 792,201 SH   SOLE   792,201 0 0
NCR CORP NEW COM 62886e108 2,597 80,672 SH   SOLE   80,672 0 0
NEUBERGER BERMAN MLP INCOME COM 64129h104 4,772 514,191 SH   SOLE   514,191 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190a103 8,468 1,488,240 SH   SOLE   1,488,240 0 0
NEW SR INVT GROUP INC COM 648691103 8,799 762,518 SH   SOLE   762,518 0 0
NEWCASTLE INVT CORP NEW COM PAR $0.01 65105m603 16,715 3,689,949 SH   SOLE   3,689,949 0 0
NORTHSTAR REALTY EUROPE CORP COM 66706l101 4,232 386,470 SH   SOLE   386,470 0 0
NUMEREX CORP PA CL A 67053a102 1,494 192,000 SH   SOLE   192,000 0 0
NUVEEN INTER DURATION MN TMF COM 670671106 3,056 220,521 SH   SOLE   220,521 0 0
NUVEEN MTG OPPORTUNITY TERM COM 670735109 9,708 401,469 SH   SOLE   401,469 0 0
OFS CAP CORP COM 67103b100 1,244 95,500 SH   SOLE   95,500 0 0
OUTFRONT MEDIA INC COM 69007j106 3,580 151,380 SH   SOLE   151,380 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 1,810 103,229 SH   SOLE   103,229 0 0
PENNANTPARK FLOATING RATE CA COM 70806a106 12,258 926,552 SH   SOLE   926,552 0 0
PERCEPTRON INC COM 71361f100 2,191 326,000 SH   SOLE   326,000 0 0
PFSWEB INC COM NEW 717098206 1,750 196,000 SH   SOLE   196,000 0 0
PHOTRONICS INC COM 719405102 4,891 474,423 SH   SOLE   474,423 0 0
PREMIER INC CL A 74051n102 2,421 74,852 SH   SOLE   74,852 0 0
PROCTER AND GAMBLE CO COM 742718109 4,627 51,551 SH   SOLE   51,551 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 7,561 1,546,269 SH   SOLE   1,546,269 0 0
PZENA INVESTMENT MGMT INC CLASS A 74731q103 11,386 1,478,759 SH   SOLE   1,478,759 0 0
RED LION HOTELS CORP COM 756764106 3,107 372,600 SH   SOLE   372,600 0 0
REDWOOD TR INC COM 758075402 4,790 338,281 SH   SOLE   338,281 0 0
REIS INC COM 75936p105 5,739 280,515 SH   SOLE   280,515 0 0
REPUBLIC SVCS INC COM 760759100 4,123 81,718 SH   SOLE   81,718 0 0
RIGNET INC COM 766582100 3,234 213,909 SH   SOLE   213,909 0 0
ROYCE GLOBAL VALUE TR INC COM 78081t104 1,214 149,399 SH   SOLE   149,399 0 0
ROYCE MICRO-CAP TR INC COM 780915104 4,473 572,760 SH   SOLE   572,760 0 0
ROYCE VALUE TR INC COM 780910105 5,722 451,963 SH   SOLE   451,963 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 8,911 560,462 SH   SOLE   560,462 0 0
SILVERCREST ASSET MGMT GROUP CL A 828359109 5,541 466,800 SH   SOLE   466,800 0 0
SIMULATIONS PLUS INC COM 829214105 3,904 442,684 SH   SOLE   442,684 0 0
SOLAR CAP LTD COM 83413u100 6,379 310,880 SH   SOLE   310,880 0 0
SP PLUS CORP COM 78469c103 6,112 239,022 SH   SOLE   239,022 0 0
SPOK HLDGS INC COM 84863t106 16,747 939,775 SH   SOLE   939,775 0 0
SS&C TECHNOLOGIES HLDGS INC COM 78467j100 2,824 87,851 SH   SOLE   87,851 0 0
STONECASTLE FINL CORP COM 861780104 11,177 598,640 SH   SOLE   598,640 0 0
SUPERIOR UNIFORM GP INC COM 868358102 4,023 203,275 SH   SOLE   203,275 0 0
SUPREME INDS INC CL A 868607102 6,898 357,400 SH   SOLE   357,400 0 0
SYNTEL INC COM 87162h103 2,767 66,022 SH   SOLE   66,022 0 0
TANDY LEATHER FACTORY INC COM 87538X105 1,316 172,496 SH   SOLE   172,496 0 0
TARGET CORP COM 87612e106 4,165 60,643 SH   SOLE   60,643 0 0
TECHTARGET INC COM 87874r100 7,782 965,544 SH   SOLE   965,544 0 0
THESTREET INC COM 88368q103 1,976 1,796,766 SH   SOLE   1,796,766 0 0
TRANSACT TECHNOLOGIES INC COM 892918103 1,429 191,000 SH   SOLE   191,000 0 0
TRANSCAT INC COM 893529107 2,301 210,390 SH   SOLE   210,390 0 0
TRUEBLUE INC COM 89785x101 7,818 345,017 SH   SOLE   345,017 0 0
U S PHYSICAL THERAPY INC COM 90337l108 5,068 80,826 SH   SOLE   80,826 0 0
UFP TECHNOLOGIES INC COM 902673102 4,741 178,900 SH   SOLE   178,900 0 0
UNITED FINL BANCORP INC NEW COM 910304104 5,892 425,734 SH   SOLE   425,734 0 0
UNITED TECHNOLOGIES CORP COM 913017109 2,529 24,896 SH   SOLE   24,896 0 0
VERIZON COMMUNICATIONS INC COM 92343v104 5,419 104,251 SH   SOLE   104,251 0 0
WASTE MGMT INC DEL COM 94106l109 5,052 79,240 SH   SOLE   79,240 0 0
WEST MARINE INC COM 954235107 2,815 340,400 SH   SOLE   340,400 0 0
WESTWOOD HLDGS GROUP INC COM 961765104 8,275 155,810 SH   SOLE   155,810 0 0
RYDEX ETF TRUST GUG S&P500 PU VA 78355w304 11,188 211,620 SH   SOLE   211,620 0 0
ISHARES TR 1-3 YR TR BD ETF 464287457 14,152 166,414 SH   SOLE   166,414 0 0
ISHARES INC CORE MSCI EMKT 46434g103 1,087 23,830 SH   SOLE   23,830 0 0
ISHARES TR S&P 500 GRWT ETF 464287309 13,490 110,884 SH   SOLE   110,884 0 0
ISHARES TR S&P 500 VAL ETF 464287408 4,222 44,456 SH   SOLE   44,456 0 0
ISHARES TR CORE MSCI EURO 46434v738 3,563 86,115 SH   SOLE   86,115 0 0
MESA LABS INC COM 59064r109 2,426 21,210 SH   SOLE   21,210 0 0
NOVANTA INC COM 67000b104 5,298 305,374 SH   SOLE   305,374 0 0
NOVARTIS A G SPONSORED ADR 66987v109 2,531 32,056 SH   SOLE   32,056 0 0
U S G CORP COM NEW 903293405 2,726 105,465 SH   SOLE   105,465 0 0
SALEM MEDIA GROUP INC CL A 794093104 1,205 205,000 SH   SOLE   205,000 0 0
3M CO COM 88579y101 2,848 16,162 SH   SOLE   16,162 0 0
ASTRONOVA INC COM 04638f108 1,480 100,000 SH   SOLE   100,000 0 0