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 2,884 16,148 SH   SOLE   16,148 0 0
A H BELO CORP COM CL A 001282102 6,470 1,018,824 SH   SOLE   1,018,824 0 0
ACCENTURE PLC IRELAND SHS CLASS A g1151c101 4,391 37,492 SH   SOLE   37,492 0 0
ADDUS HOMECARE CORP COM 006739106 4,337 123,751 SH   SOLE   123,751 0 0
AGILYSYS INC COM 00847j105 4,232 408,480 SH   SOLE   408,480 0 0
ALAMO GROUP INC COM 011311107 5,390 70,833 SH   SOLE   70,833 0 0
ALCENTRA CAP CORP COM 01374t102 1,564 130,696 SH   SOLE   130,696 0 0
AMERCO COM 023586100 9,474 25,633 SH   SOLE   25,633 0 0
AMERIPRISE FINL INC COM 03076c106 4,204 37,898 SH   SOLE   37,898 0 0
ANTHEM INC COM 036752103 4,327 30,099 SH   SOLE   30,099 0 0
ARBOR RLTY TR INC COM 038923108 10,530 1,411,553 SH   SOLE   1,411,553 0 0
ARC DOCUMENT SOLUTIONS INC COM 00191g103 5,087 1,001,413 SH   SOLE   1,001,413 0 0
ASTRONOVA INC COM 04638f108 1,692 118,735 SH   SOLE   118,735 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 2,407 126,660 SH   SOLE   126,660 0 0
AWARE INC MASS COM 05453N100 3,989 654,000 SH   SOLE   654,000 0 0
B RILEY FINL INC COM 05580m108 7,019 380,411 SH   SOLE   380,411 0 0
BASSETT FURNITURE INDS INC COM 070203104 882 29,000 SH   SOLE   29,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 5,813 35,668 SH   SOLE   35,668 0 0
BG STAFFING INC COM 05544a109 2,821 180,845 SH   SOLE   180,845 0 0
BLACKROCK CAPITAL INVESTMENT COM 092533108 6,481 931,134 SH   SOLE   931,134 0 0
BLACKROCK MUN 2030 TAR TERM COM SHS BEN IN 09257p105 3,990 182,753 SH   SOLE   182,753 0 0
BLACKROCK RES & COMM STRAT T SHS 09257a108 1,132 136,899 SH   SOLE   136,899 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257r101 8,069 526,021 SH   SOLE   526,021 0 0
BLACKSTONE MTG TR INC COM CL A 09257w100 6,545 217,651 SH   SOLE   217,651 0 0
BOEING CO COM 097023105 4,964 31,883 SH   SOLE   31,883 0 0
BOULDER GROWTH & INCOME FD I COM 101507101 1,206 134,900 SH   SOLE   134,900 0 0
BRUNSWICK CORP COM 117043109 4,580 83,979 SH   SOLE   83,979 0 0
BSB BANCORP INC MD COM 05573h108 4,613 159,350 SH   SOLE   159,350 0 0
CALAMOS DYNAMIC CONV & INCOM COM 12811v105 10,153 579,181 SH   SOLE   579,181 0 0
CALAVO GROWERS INC COM 128246105 3,182 51,832 SH   SOLE   51,832 0 0
CALLAWAY GOLF CO COM 131193104 12,994 1,185,572 SH   SOLE   1,185,572 0 0
CAPITAL SOUTHWEST CORP COM 140501107 27,266 1,688,318 SH   SOLE   1,688,318 0 0
CARBONITE INC COM 141337105 5,349 326,180 SH   SOLE   326,180 0 0
CECO ENVIRONMENTAL CORP COM 125141101 11,571 829,478 SH   SOLE   829,478 0 0
CENTURYLINK INC COM 156700106 5,134 215,898 SH   SOLE   215,898 0 0
CHEROKEE INC DEL NEW COM 16444h102 3,584 341,350 SH   SOLE   341,350 0 0
CHIMERA INVT CORP COM NEW 16934q208 7,108 417,605 SH   SOLE   417,605 0 0
CINTAS CORP COM 172908105 4,623 40,004 SH   SOLE   40,004 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG S&P SPINOFF 18383m605 2,892 66,594 SH   SOLE   66,594 0 0
COCA COLA CO COM 191216100 2,322 56,012 SH   SOLE   56,012 0 0
COHEN & STEERS INFRASTRUCTUR COM 19248a109 3,344 172,713 SH   SOLE   172,713 0 0
COLUMBUS MCKINNON CORP N Y COM 199333105 828 30,609 SH   SOLE   30,609 0 0
COMMERCEHUB INC COM SER A 20084V108 1,966 131,000 SH   SOLE   131,000 0 0
COMMERCEHUB INC COM SER C 20084v306 4,023 267,660 SH   SOLE   267,660 0 0
CORE MOLDING TECHNOLOGIES IN COM 218683100 1,916 112,000 SH   SOLE   112,000 0 0
CORENERGY INFRASTRUCTURE TR COM NEW 21870U502 14,487 415,347 SH   SOLE   415,347 0 0
CSW INDUSTRIALS INC COM 126402106 6,426 174,381 SH   SOLE   174,381 0 0
CULP INC COM 230215105 2,705 72,800 SH   SOLE   72,800 0 0
CVS HEALTH CORP COM 126650100 4,372 55,403 SH   SOLE   55,403 0 0
DST SYS INC DEL COM 233326107 3,216 30,013 SH   SOLE   30,013 0 0
DEERE & CO COM 244199105 3,526 34,221 SH   SOLE   34,221 0 0
DELUXE CORP COM 248019101 7,914 110,522 SH   SOLE   110,522 0 0
DESTINATION XL GROUP INC COM 25065k104 7,927 1,865,239 SH   SOLE   1,865,239 0 0
DEUTSCHE HIGH INCOME OPPORT COM 25158y102 6,081 422,000 SH   SOLE   422,000 0 0
DIGI INTL INC COM 253798102 19,722 1,434,350 SH   SOLE   1,434,350 0 0
DIGIRAD CORP COM 253827109 6,248 1,249,556 SH   SOLE   1,249,556 0 0
DLH HLDGS CORP COM 23335q100 1,846 310,700 SH   SOLE   310,700 0 0
DOUGLAS DYNAMICS INC COM 25960r105 15,803 469,626 SH   SOLE   469,626 0 0
DRIVE SHACK INC COM 262077100 9,448 2,512,777 SH   SOLE   2,512,777 0 0
EASTERLY GOVT PPTYS INC COM 27616p103 3,863 192,975 SH   SOLE   192,975 0 0
EATON VANCE TAX ADVT DIV INC COM 27828g107 3,429 166,936 SH   SOLE   166,936 0 0
EATON VANCE TX ADV GLBL DIV COM 27828s101 3,356 238,514 SH   SOLE   238,514 0 0
ECOLAB INC COM 278865100 762 6,501 SH   SOLE   6,501 0 0
ENSTAR GROUP LIMITED SHS g3075p101 7,072 35,772 SH   SOLE   35,772 0 0
ENTEGRA FINL CORP COM 29363j108 5,875 285,214 SH   SOLE   285,214 0 0
ETSY INC COM 29786a106 4,659 395,485 SH   SOLE   395,485 0 0
EVOLUTION PETROLEUM CORP COM 30049A107 2,350 235,000 SH   SOLE   235,000 0 0
EXA CORP COM 300614500 1,686 109,750 SH   SOLE   109,750 0 0
EXXON MOBIL CORP COM 30231g102 4,496 49,806 SH   SOLE   49,806 0 0
FARMERS NATL BANC CORP COM 309627107 1,747 123,000 SH   SOLE   123,000 0 0
FERRO CORP COM 315405100 7,762 541,670 SH   SOLE   541,670 0 0
FIBROGEN INC COM 31572q808 807 37,698 SH   SOLE   37,698 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 3,086 266,040 SH   SOLE   266,040 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 7,393 311,696 SH   SOLE   311,696 0 0
FIRST NORTHWEST BANCORP COM 335834107 4,407 282,520 SH   SOLE   282,520 0 0
FIRST TR DYNAMIC EUROPE EQT COM SHS 33740d107 232 14,935 SH   SOLE   14,935 0 0
FISERV INC COM 337738108 5,045 47,472 SH   SOLE   47,472 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 2,873 236,886 SH   SOLE   236,886 0 0
FRANKLIN COVEY CO COM 353469109 8,284 411,135 SH   SOLE   411,135 0 0
GENTHERM INC COM 37253a103 4,878 144,098 SH   SOLE   144,098 0 0
GREEN BRICK PARTNERS INC COM 392709101 11,200 1,114,465 SH   SOLE   1,114,465 0 0
HACKETT GROUP INC COM 404609109 11,220 635,313 SH   SOLE   635,313 0 0
HALLMARK FINL SVCS INC EC COM NEW 40624q203 1,456 125,209 SH   SOLE   125,209 0 0
HARVEST CAP CR CORP COM 41753f109 2,157 156,858 SH   SOLE   156,858 0 0
HERITAGE CRYSTAL CLEAN INC COM 42726M106 2,001 127,456 SH   SOLE   127,456 0 0
HOOKER FURNITURE CORP COM 439038100 5,892 155,245 SH   SOLE   155,245 0 0
HORACE MANN EDUCATORS CORP N COM 440327104 7,746 180,976 SH   SOLE   180,976 0 0
HORMEL FOODS CORP COM 440452100 3,966 113,933 SH   SOLE   113,933 0 0
IEC ELECTRS CORP NEW COM 44949l105 453 126,770 SH   SOLE   126,770 0 0
INFORMATION SERVICES GROUP I COM 45675y104 2,948 810,000 SH   SOLE   810,000 0 0
INTL FCSTONE INC COM 46116v105 17,475 441,299 SH   SOLE   441,299 0 0
INVESCO LTD SHS g491bt108 3,576 117,851 SH   SOLE   117,851 0 0
ISHARES INC CORE MSCI EMKT 46434g103 1,566 36,881 SH   SOLE   36,881 0 0
ISHARES TR 1-3 YR TR BD ETF 464287457 12,498 147,990 SH   SOLE   147,990 0 0
ISHARES TR S&P 500 GRWT ETF 464287309 13,779 113,140 SH   SOLE   113,140 0 0
ISHARES TR S&P 500 VAL ETF 464287408 4,647 45,833 SH   SOLE   45,833 0 0
ISHARES TR CORE MSCI EURO 46434v738 5,322 130,803 SH   SOLE   130,803 0 0
ITT INC COM 45073v108 1,859 48,191 SH   SOLE   48,191 0 0
J & J SNACK FOODS CORP COM 466032109 4,657 34,900 SH   SOLE   34,900 0 0
JOHNSON & JOHNSON COM 478160104 4,549 39,485 SH   SOLE   39,485 0 0
JPMORGAN CHASE & CO COM 46625h100 6,585 76,313 SH   SOLE   76,313 0 0
KIMBALL INTL INC CL B 494274103 6,437 366,600 SH   SOLE   366,600 0 0
LAKE SUNAPEE BK GROUP COM 510866106 1,180 50,000 SH   SOLE   50,000 0 0
LANDAUER INC COM 51476k103 12,774 265,571 SH   SOLE   265,571 0 0
LAWSON PRODS INC COM 520776105 2,142 90,000 SH   SOLE   90,000 0 0
LEAF GROUP LTD COM 52177g102 3,803 580,600 SH   SOLE   580,600 0 0
LENDINGTREE INC NEW COM 52603b107 3,483 34,362 SH   SOLE   34,362 0 0
LITHIA MTRS INC CL A 536797103 9,102 93,996 SH   SOLE   93,996 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608b105 8,197 100,331 SH   SOLE   100,331 0 0
MADDEN STEVEN LTD COM 556269108 5,217 145,933 SH   SOLE   145,933 0 0
MADISON CVRED CALL & EQ STR COM 557437100 10,923 1,418,557 SH   SOLE   1,418,557 0 0
MALIBU BOATS INC COM CL A 56117j100 10,692 560,364 SH   SOLE   560,364 0 0
MCBC HLDGS INC COM 55276f107 2,749 188,550 SH   SOLE   188,550 0 0
MESA LABS INC COM 59064r109 2,604 21,210 SH   SOLE   21,210 0 0
MICROSOFT CORP COM 594918104 6,431 103,486 SH   SOLE   103,486 0 0
MOCON INC COM 607494101 5,226 268,010 SH   SOLE   268,010 0 0
MONOTYPE IMAGING HOLDINGS IN COM 61022p100 4,859 244,793 SH   SOLE   244,793 0 0
MVC CAPITAL INC COM 553829102 1,890 220,294 SH   SOLE   220,294 0 0
NATHANS FAMOUS INC NEW COM 632347100 2,057 31,700 SH   SOLE   31,700 0 0
NATIONAL CINEMEDIA INC COM 635309107 2,392 162,380 SH   SOLE   162,380 0 0
NATURAL GAS SERVICES GROUP COM 63886q109 10,815 336,385 SH   SOLE   336,385 0 0
NAUTILUS INC COM 63910b102 14,666 792,742 SH   SOLE   792,742 0 0
NCR CORP NEW COM 62886e108 3,242 79,925 SH   SOLE   79,925 0 0
NEUBERGER BERMAN MLP INCOME COM 64129h104 9,918 1,056,242 SH   SOLE   1,056,242 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190a103 73 13,586 SH   SOLE   13,586 0 0
NEW SR INVT GROUP INC COM 648691103 7,628 779,162 SH   SOLE   779,162 0 0
NORTHSTAR REALTY EUROPE CORP COM 66706l101 7,571 602,345 SH   SOLE   602,345 0 0
NOVANTA INC COM 67000b104 6,434 306,373 SH   SOLE   306,373 0 0
NOVARTIS A G SPONSORED ADR 66987v109 2,338 32,104 SH   SOLE   32,104 0 0
NUMEREX CORP PA CL A 67053a102 2,049 276,845 SH   SOLE   276,845 0 0
NUVEEN BUILD AMER BD FD COM 67074c103 2,549 123,537 SH   SOLE   123,537 0 0
NUVEEN INTER DURATION MN TMF COM 670671106 3,234 254,436 SH   SOLE   254,436 0 0
NUVEEN MTG OPPORTUNITY TERM COM 670735109 9,794 406,883 SH   SOLE   406,883 0 0
OFS CAP CORP COM 67103b100 2,511 182,500 SH   SOLE   182,500 0 0
OUTFRONT MEDIA INC COM 69007j106 5,612 225,653 SH   SOLE   225,653 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 2,329 98,885 SH   SOLE   98,885 0 0
PAR PACIFIC HOLDINGS INC COM NEW 69888t207 5,033 346,150 SH   SOLE   346,150 0 0
PENNANTPARK FLOATING RATE CA COM 70806a106 13,272 940,577 SH   SOLE   940,577 0 0
PERCEPTRON INC COM 71361f100 2,495 375,733 SH   SOLE   375,733 0 0
PFSWEB INC COM NEW 717098206 1,947 229,000 SH   SOLE   229,000 0 0
PHOTRONICS INC COM 719405102 5,402 478,048 SH   SOLE   478,048 0 0
PREMIER INC CL A 74051n102 2,280 75,115 SH   SOLE   75,115 0 0
PROCTER AND GAMBLE CO COM 742718109 4,341 51,631 SH   SOLE   51,631 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 7,814 1,572,283 SH   SOLE   1,572,283 0 0
PZENA INVESTMENT MGMT INC CLASS A 74731q103 16,462 1,481,763 SH   SOLE   1,481,763 0 0
RED LION HOTELS CORP COM 756764106 5,199 622,600 SH   SOLE   622,600 0 0
REDWOOD TR INC COM 758075402 3,546 233,144 SH   SOLE   233,144 0 0
REIS INC COM 75936p105 5,752 258,515 SH   SOLE   258,515 0 0
REPUBLIC SVCS INC COM 760759100 4,674 81,929 SH   SOLE   81,929 0 0
RIGNET INC COM 766582100 5,006 216,238 SH   SOLE   216,238 0 0
ROYCE GLOBAL VALUE TR INC COM 78081t104 1,229 152,900 SH   SOLE   152,900 0 0
ROYCE MICRO-CAP TR INC COM 780915104 4,610 564,909 SH   SOLE   564,909 0 0
ROYCE VALUE TR INC COM 780910105 6,203 463,261 SH   SOLE   463,261 0 0
RYDEX ETF TRUST GUG S&P500 PU VA 78355w304 12,144 210,873 SH   SOLE   210,873 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 10,950 566,497 SH   SOLE   566,497 0 0
SILVERCREST ASSET MGMT GROUP CL A 828359109 6,612 502,816 SH   SOLE   502,816 0 0
SIMULATIONS PLUS INC COM 829214105 4,272 442,684 SH   SOLE   442,684 0 0
SOLAR CAP LTD COM 83413u100 6,597 316,869 SH   SOLE   316,869 0 0
SP PLUS CORP COM 78469c103 5,825 206,919 SH   SOLE   206,919 0 0
SPOK HLDGS INC COM 84863t106 18,395 886,512 SH   SOLE   886,512 0 0
SS&C TECHNOLOGIES HLDGS INC COM 78467j100 3,133 109,532 SH   SOLE   109,532 0 0
STONECASTLE FINL CORP COM 861780104 11,311 605,204 SH   SOLE   605,204 0 0
SUPERIOR UNIFORM GP INC COM 868358102 3,988 203,275 SH   SOLE   203,275 0 0
SUPREME INDS INC CL A 868607102 5,611 357,400 SH   SOLE   357,400 0 0
TARGET CORP COM 87612e106 4,387 60,739 SH   SOLE   60,739 0 0
TECHTARGET INC COM 87874r100 8,286 971,443 SH   SOLE   971,443 0 0
THESTREET INC COM 88368q103 1,648 1,938,866 SH   SOLE   1,938,866 0 0
TRANSACT TECHNOLOGIES INC COM 892918103 1,921 291,000 SH   SOLE   291,000 0 0
TRANSCAT INC COM 893529107 2,855 264,390 SH   SOLE   264,390 0 0
TRUEBLUE INC COM 89785x101 8,099 328,559 SH   SOLE   328,559 0 0
U S G CORP COM NEW 903293405 3,021 104,590 SH   SOLE   104,590 0 0
U S PHYSICAL THERAPY INC COM 90337l108 5,656 80,570 SH   SOLE   80,570 0 0
UFP TECHNOLOGIES INC COM 902673102 4,553 178,900 SH   SOLE   178,900 0 0
UNITED FINL BANCORP INC NEW COM 910304104 5,223 287,612 SH   SOLE   287,612 0 0
UNITED TECHNOLOGIES CORP COM 913017109 2,739 24,982 SH   SOLE   24,982 0 0
VERIZON COMMUNICATIONS INC COM 92343v104 5,561 104,173 SH   SOLE   104,173 0 0
VOLT INFORMATION SCIENCES IN COM 928703107 1,713 250,000 SH   SOLE   250,000 0 0
WASTE MGMT INC DEL COM 94106l109 5,614 79,167 SH   SOLE   79,167 0 0
WEST MARINE INC COM 954235107 2,364 225,809 SH   SOLE   225,809 0 0
WESTWOOD HLDGS GROUP INC COM 961765104 9,715 161,944 SH   SOLE   161,944 0 0