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
BERKSHIRE HATHAWAY DEL CL B NEW 084670702 16,713 98,678 SH   SOLE   0 97,670 1,123
BORGWARNER INC COM 099724106 4,091 96,574 SH   SOLE   0 95,512 1,062
BRUNSWICK CORP COM 117043109 303 4,837 SH   SOLE   0 4,837 0
DRIL-QUIP INC. COM 262037104 5,467 112,038 SH   SOLE   0 112,038 0
ENERGY RECOVERY INC. COM 29270J100 2,487 300,000 SH   SOLE   0 300,000 0
FARMER BROS CO COM 307675108 8,086 267,304 SH   SOLE   0 267,304 0
FEDERATED NATL HLDG CO COM 31422T101 3,200 200,000 SH   SOLE   0 200,000 0
GANNET CO INC COM 36473H104 3,706 425,000 SH   SOLE   0 425,000 0
JONES LANG LASALLE INC COM 48020Q107 282 2,254 SH   SOLE   0 2,254 0
LANNET INC COM 516012101 12,240 600,000 SH   SOLE   0 600,000 0
LGI HOMES INC COM 50187T106 29,243 727,800 SH   SOLE   0 707,200 20,600
MARCHEX INC CL B 56624R108 1,323 443,882 SH   SOLE   0 443,882 0
OCLARO INC COM NEW 67555N206 934 100,000 SH   SOLE   0 100,000 0
PATTERSON COMPANIES INC COM 703395103 10,398 221,474 SH   SOLE   0 221,474 0
POLAR PWR INC. COM 73102V105 929 175,000 SH   SOLE   0 175,000 0
ROBERT HALF INTL INC COM 770323103 7,860 163,999 SH   SOLE   0 162,119 1,880
SANOFI SPONSORED ADR 80105N105 4,560 95,173 SH   SOLE   0 94,156 1,017
SPARK ENERGY INC CL A COM 846511103 1,880 100,000 SH   SOLE   0 100,000 0
STERICYCLE INC COM 858912108 240 3,142 SH   SOLE   0 3,142 0
TECHNIPFMC PLC COM G87110105 250 9,175 SH   SOLE   0 9,175 0
URSTADT BIDDLE PPTYS INC CL A 917286205 2,970 150,000 SH   SOLE   0 150,000 0
USA TECHNOLOGIES INC COM NO PAR 90328S500 3,120 600,000 SH   SOLE   0 600,000 0
VALVOLINE INC COM 92047W101 11,879 500,816 SH   SOLE   0 500,816 0
VISTRA ENERGY CORP COM 92840M102 13,852 825,000 SH   SOLE   0 825,000 0
WORLD WRESTLING ENTMNT INC CL A 98156Q108 6,938 340,583 SH   SOLE   0 340,583 0
A H BELO CORP COM CL A 001282102 1,375 250,000 SH   SOLE   0 250,000 0
AAR CORP COM 000361105 9,502 273,369 SH   SOLE   0 273,369 0
ABBOTT LABS COM 002824100 4,308 88,632 SH   SOLE   0 87,649 983
ACACIA RESH CORP ACACIA TCH COM 003881307 19,384 4,727,904 SH   SOLE   0 4,581,574 146,330
ACCURAY INC COM 004397105 14,469 3,046,095 SH   SOLE   0 2,970,850 75,245
ADTRAN INC COM 00738A106 4,337 210,039 SH   SOLE   0 207,163 2,876
AES CORP COM 00130H105 13,888 1,250,000 SH   SOLE   0 1,250,000 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 3,828 317,665 SH   SOLE   0 311,904 5,761
AMERICAN EXPRESS CO COM 025816109 9,829 116,677 SH   SOLE   0 114,989 1,688
AMERICAN HOMES 4 RENT CL A 02665T306 16,049 711,089 SH   SOLE   0 711,089 0
AMERICAN VANGUARD CORP COM 030371108 15,033 871,469 SH   SOLE   0 871,469 0
AMERISOURCBERGEN CORP COM 03073E105 538 5,692 SH   SOLE   0 5,692 0
ANALOGIC CORP COM PAR $0.05 032657207 11,994 165,089 SH   SOLE   0 165,089 0
ASPEN AEROGELS INC COM 04523Y105 4,125 927,066 SH   SOLE   0 927,066 0
ASSOCIATED BANC CORP COM 045487105 13,132 521,101 SH   SOLE   0 521,101 0
ATLAS AIR WORLDWIDE HLDGS IN COM NEW 049164205 10,430 200,000 SH   SOLE   0 200,000 0
AV HOMES INC COM 00234P102 17,115 853,600 SH   SOLE   0 825,600 28,000
AVNET INC COM 053807103 347 8,919 SH   SOLE   0 8,919 0
AVX CORP NEW COM 002444107 192 11,738 SH   SOLE   0 11,738 0
BAKER HUGHES INC COM 057224107 7,441 136,511 SH   SOLE   0 134,921 1,590
BANK NEW YORK MELLON CORP COM 064058100 11,163 218,804 SH   SOLE   0 216,301 2,503
BARRETT BUSINESS SERVICES IN COM 068463108 27,977 488,340 SH   SOLE   0 477,585 10,755
BB&T CORP COM 054937107 10,235 225,394 SH   SOLE   0 222,878 2,516
BENCHMARK ELECTRS INC COM 08160H101 9,736 301,426 SH   SOLE   0 301,426 0
BOISE CASCADE CO DEL COM 09739D100 4,954 162,968 SH   SOLE   0 161,344 1,624
BOSTON PRIVATE FINL HLDGS IN COM 101119105 10,246 667,473 SH   SOLE   0 667,473 0
BRAVO BRIO RESTAURANT GROUP COM 10567B109 5,283 1,148,375 SH   SOLE   0 1,012,175 136,200
BUNGE LIMITED COM G16962105 4,130 55,361 SH   SOLE   0 54,843 518
CA INC COM 12673P105 13,268 384,905 SH   SOLE   0 380,815 4,090
CABOT OIL & GAS CORP COM 127097103 12,018 479,167 SH   SOLE   0 479,167 0
CALGON CARBON CORP COM 129603106 1,510 100,000 SH   SOLE   0 100,000 0
CALLAWAY GOLF CO COM 131193104 10,821 846,730 SH   SOLE   0 846,730 0
CAPITAL CITY BK GROUP INC COM 139674105 11,607 568,426 SH   SOLE   0 549,815 18,611
CARETRUST REIT INC COM 14174T107 22,422 1,209,377 SH   SOLE   0 1,178,277 31,100
CELESTICA INC SUB VTG SHS 15101Q108 4,074 300,000 SH   SOLE   0 300,000 0
CENTERSTATE BANKS INC COM 15201P109 9,530 383,362 SH   SOLE   0 383,362 0
CENTURY BANCORP INC MASS CL A NON VTG 156432106 3,196 50,250 SH   SOLE   0 50,250 0
CHRISTOPHER & BANKS CO COM 171046105 983 750,000 SH   SOLE   0 750,000 0
CISCO SYS INC COM 17275R102 9,313 297,554 SH   SOLE   0 294,205 3,348
CNA FINL CORP COM 126117100 519 10,642 SH   SOLE   0 10,642 0
CONMED CORP COM 207410101 8,456 165,992 SH   SOLE   0 165,992 0
CORNING INC COM 219350105 6,041 201,029 SH   SOLE   0 198,804 2,225
CPI AEROSTRUCTURES INC COM NEW 125919308 6,300 670,265 SH   SOLE   0 670,265 0
CUI GLOBAL INC COM NEW 126576206 8,582 2,234,850 SH   SOLE   0 2,070,025 164,825
CYBEROPTICS CORP COM 232517102 2,065 100,000 SH   SOLE   0 100,000 0
DIEBOLD INC COM 253651103 303 10,836 SH   SOLE   0 10,836 0
DIGIRAD CORP COM 253827109 3,574 882,471 SH   SOLE   0 882,471 0
DONEGAL GROUP INC CL A 257701201 2,920 183,651 SH   SOLE   0 183,651 0
DUN & BRADSTREET CORP DEL NE COM 26483E100 288 2,665 SH   SOLE   0 2,665 0
DYNAMIC MATLS CORP COM 23291C103 14,209 1,084,693 SH   SOLE   0 1,084,693 0
EMERSON ELECTRIC CO COM 291011104 9,777 163,988 SH   SOLE   0 162,168 1,820
ENCORE WIRE CORP COM 292562105 12,537 293,597 SH   SOLE   0 293,597 0
ENSIGN GROUP INC COM 29358P101 6,531 300,000 SH   SOLE   0 300,000 0
ENTEGRIS INC COM 29362U104 7,512 342,213 SH   SOLE   0 342,213 0
ENTERGY CORP NEW COM 29364G103 11,418 148,729 SH   SOLE   0 147,133 1,596
EQUITY COMMONWEALTH COM SH BEN INT 294628102 21,968 695,175 SH   SOLE   0 690,973 4,202
EVERTEC INC COM 30040P103 9,681 559,600 SH   SOLE   0 531,200 28,400
EXELON CORP COM 30161N101 13,484 373,842 SH   SOLE   0 370,144 3,698
EXPRESS SCRIPTS HLDG CO COM 30219G108 10,097 158,168 SH   SOLE   0 156,193 1,975
EXXON MOBIL CORP COM 30231G102 15,601 193,249 SH   SOLE   0 191,165 2,084
FABRINET SHS G3323L100 6,399 150,000 SH   SOLE   0 150,000 0
FIRST INTERNET BANCORP COM 320557101 6,353 226,500 SH   SOLE   0 226,500 0
FIRSTCASH INC COM 33767D105 16,013 274,659 SH   SOLE   0 274,659 0
FIRSTENERGY CORP COM 337932107 284 9,751 SH   SOLE   0 9,751 0
FLAMEL TECHNOLOGIES SA ADR SPONSORED ADR 05337M104 7,721 700,000 SH   SOLE   0 700,000 0
FLUOR CORPORATION NEW COM 343412102 2,565 56,035 SH   SOLE   0 55,110 925
FRANKLIN RES INC COM 354613101 8,125 181,407 SH   SOLE   0 179,381 2,026
FUELCELL ENERGY INC COM 35952H502 124 100,000 SH   SOLE   0 100,000 0
GAMESTOP CORP NEW CL A 36467W109 9,725 450,000 SH   SOLE   0 450,000 0
GREIF INC CL A 397624107 15,228 273,003 SH   SOLE   0 273,003 0
HAEMONETICS CORP COM 405024100 6,535 165,494 SH   SOLE   0 165,494 0
HANCOCK HLDG CO COM 410120109 6,955 141,947 SH   SOLE   0 141,947 0
HARLEY DAVIDSON INC COM 412822108 377 6,982 SH   SOLE   0 6,982 0
HARVARD BIOSCIENCE INC COM 416906105 5,355 2,100,000 SH   SOLE   0 2,100,000 0
HERITAGE FINL CORP WASH COM 42722X106 10,600 400,000 SH   SOLE   0 400,000 0
HESS CORP COM 42809H107 8,603 196,112 SH   SOLE   0 193,782 2,330
HUDSON GLOBAL INC COM 443787106 6,308 4,707,445 SH   SOLE   0 4,355,044 352,401
HUDSON TECHNOLOGIES INC COM 444144109 14,365 1,700,000 SH   SOLE   0 1,700,000 0
HYDROGENICS CORP NEW COM 448883207 9,595 950,000 SH   SOLE   0 950,000 0
IAMGOLD CORP COM 450913108 3,972 769,850 SH   SOLE   0 570,750 199,100
IMMUCELL CORPORATION COM PAR $0.10 452525306 1,649 225,000 SH   SOLE   0 225,000 0
INTRICON CORP COM 46121H109 6,618 809,499 SH   SOLE   0 753,989 55,510
INVACARE CORP COM 461203101 8,869 671,914 SH   SOLE   0 667,809 4,105
JERNIGAN CAP INC COM 476405105 12,197 554,400 SH   SOLE   0 531,800 22,600
JUNIPER PHARMACEUTICALS INC COM 48203L107 2,020 400,000 SH   SOLE   0 400,000 0
KBR INC COM 48242W106 6,797 446,603 SH   SOLE   0 446,603 0
KENNAMETAL INC COM 489170100 13,359 357,001 SH   SOLE   0 354,966 2,035
KENNEDY-WILSON HOLDINGS INC COM 489398107 17,925 940,950 SH   SOLE   0 916,350 24,600
KID BRANDS INC COM 497266106 7,946 118,863 SH   SOLE   0 117,576 1,287
KNOWLES CORP COM 49926D109 7,324 432,889 SH   SOLE   0 432,889 0
LANDEC CORP COM 514766104 13,409 902,950 SH   SOLE   0 860,850 42,100
LINCOLN EDL SVCS CORP COM 533535100 13,415 4,327,510 SH   SOLE   0 3,868,199 459,311
M D C HLDGS INC COM 552676108 8,833 250,001 SH   SOLE   0 250,000 1
MAINSOURCE FINANCIAL GP INC COM 56062Y102 16,755 500,000 SH   SOLE   0 500,000 0
MANTECH INTL CORP CL A 564563104 7,889 190,647 SH   SOLE   0 190,647 0
MARTEN TRANS LTD COM 573075108 2,740 100,000 SH   SOLE   0 100,000 0
MDU RES GROUP INC COM 552690109 9,431 359,954 SH   SOLE   0 358,806 1,148
MELLANOX TECHNOLOGIES LTD SHS M51363113 8,660 200,000 SH   SOLE   0 200,000 0
MGIC INVT CORP WIS COM 552848103 26,588 2,373,935 SH   SOLE   0 2,304,735 69,200
NATIONAL OILWELL VARCO INC COM 637071101 356 10,818 SH   SOLE   0 10,818 0
NCI INC CL A 62886K104 6,330 300,000 SH   SOLE   0 300,000 0
NEWPARK RES INC COM PAR $.01NEW 651718504 6,626 901,520 SH   SOLE   0 890,019 11,501
NORTHWEST PIPE CO COM 667746101 9,697 596,400 SH   SOLE   0 570,500 25,900
NOW INC COM 67011P100 8,674 539,423 SH   SOLE   0 539,423 0
OIL DRI CORP AMER COM 677864100 4,201 100,000 SH   SOLE   0 100,000 0
OIL STS INTL INC COM 678026105 1,402 51,628 SH   SOLE   0 49,835 1,793
OLD NATL BANCORP IND COM 680033107 5,562 322,459 SH   SOLE   0 322,459 0
ORACLE CORP COM 68389X105 9,680 193,062 SH   SOLE   0 190,884 2,178
OSHKOSH CORP COM 688239201 5,791 84,069 SH   SOLE   0 83,178 891
PACCAR INC COM 693718108 368 5,566 SH   SOLE   0 5,566 0
PACWEST BANCORP DEL COM 695263103 11,217 240,200 SH   SOLE   0 236,000 4,200
PARK ELECTROCHEMICAL CORP COM 700416209 23,651 1,284,007 SH   SOLE   0 1,284,007 0
PATTERSON UTI ENERGY INC COM 703481101 8,938 442,685 SH   SOLE   0 442,685 0
PEOPLES UTAH BANCORP COM 712706209 4,020 150,000 SH   SOLE   0 150,000 0
PERMA-FIX ENVIRONMENTAL SVCS COM NEW 714157203 6,093 1,669,439 SH   SOLE   0 1,507,832 161,607
PFIZER INC COM 717081103 7,495 223,138 SH   SOLE   0 220,706 2,432
PHOTRONICS INC COM 719405102 3,099 329,691 SH   SOLE   0 325,197 4,494
PIONEER PWR SOLUTIONS INC COM NEW 723836300 2,296 350,500 SH   SOLE   0 350,500 0
PIXELWORKS INC COM NEW 72581M305 6,656 1,450,000 SH   SOLE   0 1,450,000 0
PNC FINL SVCS GROUP INC COM 693475105 10,415 83,405 SH   SOLE   0 82,422 983
POPULAR INC COM NEW 733174700 485 11,621 SH   SOLE   0 11,621 0
PORTLAND GENERAL ELECTRIC COMPANY COM NEW 736508847 8,779 192,136 SH   SOLE   0 192,136 0
POTASH CORP SASK INC COM 73755L107 4,511 276,765 SH   SOLE   0 272,815 3,950
POWELL INDS INC COM 739128106 9,581 299,501 SH   SOLE   0 299,501 0
PRINCIPAL FINL GROUP INC COM 74251V102 5,793 90,422 SH   SOLE   0 89,416 1,006
PULTE GROUP INC COM 745867101 5,953 242,683 SH   SOLE   0 239,884 2,799
QUEST DIAGNOSTICS INC COM 74834L100 11,382 102,394 SH   SOLE   0 101,208 1,186
RADIAN GROUP INC COM 750236101 15,427 943,550 SH   SOLE   0 918,050 25,500
RADISYS CORP COM 750459109 11,255 2,993,325 SH   SOLE   0 2,833,250 160,075
RCM TECHNOLOGIES INC COM NEW 749360400 5,555 1,100,000 SH   SOLE   0 1,100,000 0
REINSURANCE GROUP AMER INC COM NEW 759351604 281 2,186 SH   SOLE   0 2,186 0
RING ENERGY INC COM 76680V108 4,610 354,600 SH   SOLE   0 354,600 0
RPC INC COM 749660106 8,420 416,617 SH   SOLE   0 416,617 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 9,018 140,883 SH   SOLE   0 140,883 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 4,000 336,098 SH   SOLE   0 336,098 0
SCHNITZER STL INDS CL A 806882106 17,942 711,995 SH   SOLE   0 709,733 2,262
SEMTECH CORP COM 816850101 8,913 249,317 SH   SOLE   0 249,317 0
SHARPS COMPLIANCE CORP COM 820017101 2,538 600,000 SH   SOLE   0 600,000 0
SPARTAN MTRS INC COM 846819100 6,195 700,000 SH   SOLE   0 700,000 0
SPIRIT AIRLS INC COM 848577102 7,273 140,822 SH   SOLE   0 139,319 1,503
STAPLES INC COM 855030102 381 37,804 SH   SOLE   0 37,804 0
STARTEK INC COM 85569C107 13,573 1,108,921 SH   SOLE   0 1,108,921 0
STONERIDGE INC COM 86183P102 3,853 250,000 SH   SOLE   0 250,000 0
SUNOPTA INC COM 8676EP108 5,610 550,000 SH   SOLE   0 550,000 0
SUNTRUST BKS INC COM 867914103 313 5,515 SH   SOLE   0 5,515 0
SUPERCOM LTD NEW SHS NEW M87095119 4,759 1,491,900 SH   SOLE   0 1,420,900 71,000
SYNERGY RES CORP COM 78470V108 12,223 1,816,200 SH   SOLE   0 1,731,500 84,700
TECHTARGET INC COM 87874R100 4,148 400,000 SH   SOLE   0 400,000 0
THE BANCORP INC COM 05969A105 13,635 1,798,800 SH   SOLE   0 1,717,200 81,600
THERAPEUTICSMD COM 88338N107 1,581 300,000 SH   SOLE   0 300,000 0
TITAN MACHY INC COM 88830R101 4,495 250,000 SH   SOLE   0 250,000 0
TIVO CORP COM 88870P106 11,190 600,000 SH   SOLE   0 600,000 0
TRANSCAT INC COM 893529107 7,290 600,000 SH   SOLE   0 600,000 0
TRICO BANCSHARES COM 896095106 13,263 377,320 SH   SOLE   0 377,320 0
TRIMAS CORP COM NEW 896215209 11,411 547,268 SH   SOLE   0 547,268 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 9,393 1,565,550 SH   SOLE   0 1,445,750 119,800
TRIPLE-S MGMT CORP CL B 896749108 10,735 634,819 SH   SOLE   0 627,046 7,773
TRISTATE CAP HLDGS INC COM 89678F100 17,640 700,000 SH   SOLE   0 700,000 0
TRIUMPH GROUP INC NEW COM 896818101 9,480 300,000 SH   SOLE   0 300,000 0
UMPQUA HLDGS CORP COM 904214103 7,977 434,491 SH   SOLE   0 434,491 0
UNIT CORP COM 909218109 7,205 384,659 SH   SOLE   0 384,659 0
UNIVERSAL TECHNICAL INST INC COM 913915104 1,525 427,044 SH   SOLE   0 427,044 0
WAL MART STORES INC COM 931142103 12,876 170,139 SH   SOLE   0 168,234 1,905
WELLS FARGO & CO NEW COM 949746101 15,102 272,548 SH   SOLE   0 269,667 2,881
WESTERN UN CO COM 959802109 363 19,033 SH   SOLE   0 19,033 0
WILLBROS GROUP INC DEL COM 969203108 10,869 4,400,443 SH   SOLE   0 4,166,064 234,379
WOLVERINE WORLD WIDE INC COM 978097103 13,196 471,123 SH   SOLE   0 471,123 0
ZIONS BANCORPORATION COM 989701107 17,511 398,796 SH   SOLE   0 397,157 1,639