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 3,089 16,147 SH   SOLE   16,147 0 0
A H BELO CORP COM CL A 001282102 6,467 1,051,620 SH   SOLE   1,051,620 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 4,516 37,675 SH   SOLE   37,675 0 0
ADDUS HOMECARE CORP COM 006739106 4,536 141,746 SH   SOLE   141,746 0 0
AGILYSYS INC COM 00847J105 4,049 428,480 SH   SOLE   428,480 0 0
ALAMO GROUP INC COM 011311107 4,780 62,733 SH   SOLE   62,733 0 0
ALLIED MOTION TECHNOLOGIES I COM 019330109 1,993 99,153 SH   SOLE   99,153 0 0
AMERCO COM 023586100 9,822 25,767 SH   SOLE   25,767 0 0
AMERIPRISE FINL INC COM 03076C106 4,959 38,244 SH   SOLE   38,244 0 0
ANTHEM INC COM 036752103 5,009 30,286 SH   SOLE   30,286 0 0
ARBOR RLTY TR INC COM 038923108 10,087 1,203,702 SH   SOLE   1,203,702 0 0
ARC DOCUMENT SOLUTIONS INC COM 00191G103 4,438 1,286,394 SH   SOLE   1,286,394 0 0
ASTRONOVA INC COM 04638F108 2,139 140,236 SH   SOLE   140,236 0 0
ATLANTIC CAP BANCSHARES INC COM 048269203 2,236 118,000 SH   SOLE   118,000 0 0
AWARE INC MASS COM 05453N100 3,092 657,879 SH   SOLE   657,879 0 0
B RILEY FINL INC COM 05580M108 5,766 384,402 SH   SOLE   384,402 0 0
BAR HBR BANKSHARES COM 066849100 6,244 188,741 SH   SOLE   188,741 0 0
BASSETT FURNITURE INDS INC COM 070203104 1,533 57,000 SH   SOLE   57,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 5,962 35,768 SH   SOLE   35,768 0 0
BG STAFFING INC COM 05544A109 2,588 180,845 SH   SOLE   180,845 0 0
BLACKROCK CAPITAL INVESTMENT COM 092533108 7,271 963,061 SH   SOLE   963,061 0 0
BLACKROCK MUN 2030 TAR TERM COM SHS BEN IN 09257P105 4,209 186,006 SH   SOLE   186,006 0 0
BLACKROCK RES & COMM STRAT T SHS 09257A108 1,258 146,224 SH   SOLE   146,224 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 6,765 427,113 SH   SOLE   427,113 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 6,236 201,407 SH   SOLE   201,407 0 0
BOEING CO COM 097023105 5,676 32,094 SH   SOLE   32,094 0 0
BOULDER GROWTH & INCOME FD I COM 101507101 2,556 274,869 SH   SOLE   274,869 0 0
BRUNSWICK CORP COM 117043109 5,178 84,614 SH   SOLE   84,614 0 0
BSB BANCORP INC MD COM 05573H108 4,423 156,550 SH   SOLE   156,550 0 0
CALAMOS DYNAMIC CONV & INCOM COM 12811V105 11,280 587,213 SH   SOLE   587,213 0 0
CALAVO GROWERS INC COM 128246105 3,180 52,482 SH   SOLE   52,482 0 0
CALLAWAY GOLF CO COM 131193104 13,393 1,209,808 SH   SOLE   1,209,808 0 0
CAPITAL SOUTHWEST CORP COM 140501107 28,837 1,705,319 SH   SOLE   1,705,319 0 0
CARBONITE INC COM 141337105 6,744 332,205 SH   SOLE   332,205 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 1,285 111,525 SH   SOLE   111,525 0 0
CECO ENVIRONMENTAL CORP COM 125141101 8,802 837,488 SH   SOLE   837,488 0 0
CENTURYLINK INC COM 156700106 5,201 220,658 SH   SOLE   220,658 0 0
CHEROKEE INC DEL NEW COM 16444H102 2,635 306,350 SH   SOLE   306,350 0 0
CHIMERA INVT CORP COM NEW 16934Q208 7,561 374,677 SH   SOLE   374,677 0 0
CINTAS CORP COM 172908105 4,182 33,046 SH   SOLE   33,046 0 0
COCA COLA CO COM 191216100 2,377 56,000 SH   SOLE   56,000 0 0
COHEN & STEERS INFRASTRUCTUR COM 19248A109 3,756 174,296 SH   SOLE   174,296 0 0
COLUMBUS MCKINNON CORP N Y COM 199333105 760 30,609 SH   SOLE   30,609 0 0
COMMERCEHUB INC COM SER A 20084V108 2,446 158,000 SH   SOLE   158,000 0 0
COMMERCEHUB INC COM SER C 20084V306 6,378 410,660 SH   SOLE   410,660 0 0
CORE MOLDING TECHNOLOGIES IN COM 218683100 3,898 218,600 SH   SOLE   218,600 0 0
CORENERGY INFRASTRUCTURE TR COM NEW 21870U502 6,761 200,143 SH   SOLE   200,143 0 0
CSW INDUSTRIALS INC COM 126402106 6,509 177,349 SH   SOLE   177,349 0 0
CULP INC COM 230215105 2,174 69,676 SH   SOLE   69,676 0 0
CVS HEALTH CORP COM 126650100 4,442 56,583 SH   SOLE   56,583 0 0
DEERE & CO COM 244199105 3,746 34,410 SH   SOLE   34,410 0 0
DELUXE CORP COM 248019101 8,568 118,713 SH   SOLE   118,713 0 0
DESTINATION XL GROUP INC COM 25065K104 5,102 1,790,347 SH   SOLE   1,790,347 0 0
DEUTSCHE HIGH INCOME OPPORT COM 25158Y102 6,295 429,675 SH   SOLE   429,675 0 0
DICKS SPORTING GOODS INC COM 253393102 1,984 40,770 SH   SOLE   40,770 0 0
DIGI INTL INC COM 253798102 17,571 1,476,570 SH   SOLE   1,476,570 0 0
DIGIRAD CORP COM 253827109 6,623 1,249,622 SH   SOLE   1,249,622 0 0
DLH HLDGS CORP COM 23335Q100 2,019 373,900 SH   SOLE   373,900 0 0
DOUGLAS DYNAMICS INC COM 25960R105 14,193 463,069 SH   SOLE   463,069 0 0
DRIVE SHACK INC COM 262077100 10,014 2,412,947 SH   SOLE   2,412,947 0 0
DST SYS INC DEL COM 233326107 3,661 29,885 SH   SOLE   29,885 0 0
EASTERLY GOVT PPTYS INC COM 27616P103 4,936 249,412 SH   SOLE   249,412 0 0
EATON VANCE TX ADV GLBL DIV COM 27828S101 5,798 370,035 SH   SOLE   370,035 0 0
ECOLAB INC COM 278865100 815 6,500 SH   SOLE   6,500 0 0
ENSTAR GROUP LIMITED SHS G3075P101 6,982 36,500 SH   SOLE   36,500 0 0
ENTEGRA FINL CORP COM 29363J108 6,745 285,214 SH   SOLE   285,214 0 0
ETSY INC COM 29786A106 4,298 404,290 SH   SOLE   404,290 0 0
EVOLUTION PETROLEUM CORP COM 30049A107 2,000 250,000 SH   SOLE   250,000 0 0
EXA CORP COM 300614500 1,394 109,750 SH   SOLE   109,750 0 0
EXXON MOBIL CORP COM 30231G102 4,124 50,288 SH   SOLE   50,288 0 0
FARMERS NATL BANC CORP COM 309627107 1,875 130,628 SH   SOLE   130,628 0 0
FERRO CORP COM 315405100 10,840 713,640 SH   SOLE   713,640 0 0
FIBROGEN INC COM 31572Q808 855 34,698 SH   SOLE   34,698 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 3,103 259,700 SH   SOLE   259,700 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 5,437 209,432 SH   SOLE   209,432 0 0
FIRST NORTHWEST BANCORP COM 335834107 4,379 282,520 SH   SOLE   282,520 0 0
FIRST TR DYNAMIC EUROPE EQT COM SHS 33740D107 5,573 322,879 SH   SOLE   322,879 0 0
FISERV INC COM 337738108 5,513 47,813 SH   SOLE   47,813 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 2,778 238,678 SH   SOLE   238,678 0 0
FRANKLIN COVEY CO COM 353469109 8,357 413,705 SH   SOLE   413,705 0 0
GENTHERM INC COM 37253A103 5,801 147,788 SH   SOLE   147,788 0 0
GREEN BRICK PARTNERS INC COM 392709101 12,475 1,253,780 SH   SOLE   1,253,780 0 0
HACKETT GROUP INC COM 404609109 13,304 682,609 SH   SOLE   682,609 0 0
HALLMARK FINL SVCS INC EC COM NEW 40624Q203 1,007 91,116 SH   SOLE   91,116 0 0
HERITAGE CRYSTAL CLEAN INC COM 42726M106 2,710 197,798 SH   SOLE   197,798 0 0
HOOKER FURNITURE CORP COM 439038100 6,261 201,645 SH   SOLE   201,645 0 0
HORACE MANN EDUCATORS CORP N COM 440327104 7,561 184,186 SH   SOLE   184,186 0 0
HORMEL FOODS CORP COM 440452100 3,965 114,494 SH   SOLE   114,494 0 0
IEC ELECTRS CORP NEW COM 44949L105 1,049 273,200 SH   SOLE   273,200 0 0
INFORMATION SERVICES GROUP I COM 45675Y104 2,650 841,261 SH   SOLE   841,261 0 0
INTL FCSTONE INC COM 46116V105 20,178 531,556 SH   SOLE   531,556 0 0
INVESCO LTD SHS G491BT108 3,637 118,752 SH   SOLE   118,752 0 0
ITT INC COM 45073V108 2,001 48,788 SH   SOLE   48,788 0 0
J & J SNACK FOODS CORP COM 466032109 4,813 35,505 SH   SOLE   35,505 0 0
JOHNSON & JOHNSON COM 478160104 4,949 39,732 SH   SOLE   39,732 0 0
JPMORGAN CHASE & CO COM 46625H100 6,752 76,865 SH   SOLE   76,865 0 0
KIMBALL INTL INC CL B 494274103 5,884 356,600 SH   SOLE   356,600 0 0
KINGSTONE COS INC COM 496719105 2,393 150,000 SH   SOLE   150,000 0 0
LANDAUER INC COM 51476K103 13,048 267,641 SH   SOLE   267,641 0 0
LAWSON PRODS INC COM 520776105 2,021 90,000 SH   SOLE   90,000 0 0
LEAF GROUP LTD COM 52177G102 4,419 589,205 SH   SOLE   589,205 0 0
LENDINGTREE INC NEW COM 52603B107 4,371 34,867 SH   SOLE   34,867 0 0
LITHIA MTRS INC CL A 536797103 8,232 96,114 SH   SOLE   96,114 0 0
LSC COMMUNICATIONS INC COM 50218P107 5,719 227,300 SH   SOLE   227,300 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 8,239 102,242 SH   SOLE   102,242 0 0
MADDEN STEVEN LTD COM 556269108 5,731 148,662 SH   SOLE   148,662 0 0
MADISON CVRED CALL & EQ STR COM 557437100 10,686 1,330,706 SH   SOLE   1,330,706 0 0
MALIBU BOATS INC COM CL A 56117J100 12,630 562,599 SH   SOLE   562,599 0 0
MCBC HLDGS INC COM 55276F107 3,049 188,550 SH   SOLE   188,550 0 0
MICROSOFT CORP COM 594918104 6,859 104,151 SH   SOLE   104,151 0 0
MOCON INC COM 607494101 5,119 233,763 SH   SOLE   233,763 0 0
MONOTYPE IMAGING HOLDINGS IN COM 61022P100 5,046 251,055 SH   SOLE   251,055 0 0
MVC CAPITAL INC COM 553829102 2,006 223,158 SH   SOLE   223,158 0 0
NATHANS FAMOUS INC NEW COM 632347100 1,901 30,348 SH   SOLE   30,348 0 0
NATIONAL CINEMEDIA INC COM 635309107 3,777 299,040 SH   SOLE   299,040 0 0
NATURAL GAS SERVICES GROUP COM 63886Q109 9,604 368,685 SH   SOLE   368,685 0 0
NAUTILUS INC COM 63910B102 14,572 798,442 SH   SOLE   798,442 0 0
NCR CORP NEW COM 62886E108 3,694 80,873 SH   SOLE   80,873 0 0
NEUBERGER BERMAN MLP INCOME COM 64129H104 10,897 1,075,704 SH   SOLE   1,075,704 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190A103 5,152 968,468 SH   SOLE   968,468 0 0
NEW SR INVT GROUP INC COM 648691103 8,066 790,812 SH   SOLE   790,812 0 0
NORTHSTAR REALTY EUROPE CORP COM 66706L101 7,101 612,675 SH   SOLE   612,675 0 0
NOVANTA INC COM 67000B104 5,149 193,946 SH   SOLE   193,946 0 0
NOVARTIS A G SPONSORED ADR 66987V109 2,402 32,340 SH   SOLE   32,340 0 0
NUMEREX CORP PA CL A 67053A102 1,547 324,245 SH   SOLE   324,245 0 0
NUVEEN BUILD AMER BD FD COM 67074C103 7,513 359,455 SH   SOLE   359,455 0 0
NUVEEN INTER DURATION MN TMF COM 670671106 3,349 258,214 SH   SOLE   258,214 0 0
NUVEEN MTG OPPORTUNITY TERM COM 670735109 11,410 460,632 SH   SOLE   460,632 0 0
OFS CAP CORP COM 67103B100 2,971 209,378 SH   SOLE   209,378 0 0
OUTFRONT MEDIA INC COM 69007J106 6,049 227,832 SH   SOLE   227,832 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 2,266 118,020 SH   SOLE   118,020 0 0
PAR PACIFIC HOLDINGS INC COM NEW 69888T207 5,849 354,670 SH   SOLE   354,670 0 0
PENNANTPARK FLOATING RATE CA COM 70806A106 10,522 754,836 SH   SOLE   754,836 0 0
PERCEPTRON INC COM 71361F100 3,384 405,800 SH   SOLE   405,800 0 0
PFSWEB INC COM NEW 717098206 1,457 223,188 SH   SOLE   223,188 0 0
PHILIP MORRIS INTL INC COM 718172109 217 1,920 SH   SOLE   1,920 0 0
PHOTRONICS INC COM 719405102 5,198 485,791 SH   SOLE   485,791 0 0
PREMIER INC CL A 74051N102 2,404 75,540 SH   SOLE   75,540 0 0
PROCTER AND GAMBLE CO COM 742718109 4,685 52,144 SH   SOLE   52,144 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 4,883 926,621 SH   SOLE   926,621 0 0
PZENA INVESTMENT MGMT INC CLASS A 74731Q103 16,167 1,642,999 SH   SOLE   1,642,999 0 0
RED LION HOTELS CORP COM 756764106 4,389 622,600 SH   SOLE   622,600 0 0
REDWOOD TR INC COM 758075402 3,949 237,723 SH   SOLE   237,723 0 0
REIS INC COM 75936P105 4,627 258,515 SH   SOLE   258,515 0 0
REPUBLIC SVCS INC COM 760759100 5,134 81,746 SH   SOLE   81,746 0 0
RIGNET INC COM 766582100 4,742 221,058 SH   SOLE   221,058 0 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 1,409 160,328 SH   SOLE   160,328 0 0
ROYCE MICRO-CAP TR INC COM 780915104 3,456 411,940 SH   SOLE   411,940 0 0
ROYCE VALUE TR INC COM 780910105 5,404 386,010 SH   SOLE   386,010 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 11,160 476,094 SH   SOLE   476,094 0 0
SILVERCREST ASSET MGMT GROUP CL A 828359109 7,562 568,552 SH   SOLE   568,552 0 0
SIMULATIONS PLUS INC COM 829214105 5,187 441,484 SH   SOLE   441,484 0 0
SOLAR CAP LTD COM 83413U100 5,176 228,933 SH   SOLE   228,933 0 0
SP PLUS CORP COM 78469C103 6,673 197,723 SH   SOLE   197,723 0 0
SPOK HLDGS INC COM 84863T106 17,063 898,062 SH   SOLE   898,062 0 0
SS&C TECHNOLOGIES HLDGS INC COM 78467J100 3,909 110,417 SH   SOLE   110,417 0 0
STONECASTLE FINL CORP COM 861780104 11,771 583,932 SH   SOLE   583,932 0 0
SUPERIOR UNIFORM GP INC COM 868358102 4,895 263,175 SH   SOLE   263,175 0 0
SUPREME INDS INC CL A 868607102 4,069 200,830 SH   SOLE   200,830 0 0
TARGET CORP COM 87612E106 3,375 61,156 SH   SOLE   61,156 0 0
TECHTARGET INC COM 87874R100 8,878 983,147 SH   SOLE   983,147 0 0
THESTREET INC COM 88368Q103 1,474 1,938,866 SH   SOLE   1,938,866 0 0
TRANSACT TECHNOLOGIES INC COM 892918103 2,244 277,000 SH   SOLE   277,000 0 0
TRANSCAT INC COM 893529107 3,421 269,350 SH   SOLE   269,350 0 0
TRUEBLUE INC COM 89785X101 4,900 179,147 SH   SOLE   179,147 0 0
UFP TECHNOLOGIES INC COM 902673102 4,634 178,900 SH   SOLE   178,900 0 0
UNITED FINL BANCORP INC NEW COM 910304104 4,965 291,898 SH   SOLE   291,898 0 0
UNITED TECHNOLOGIES CORP COM 913017109 2,823 25,157 SH   SOLE   25,157 0 0
U S PHYSICAL THERAPY INC COM 90337L108 4,740 72,585 SH   SOLE   72,585 0 0
U S G CORP COM NEW 903293405 3,329 104,695 SH   SOLE   104,695 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 5,108 104,788 SH   SOLE   104,788 0 0
VOLT INFORMATION SCIENCES IN COM 928703107 2,324 336,800 SH   SOLE   336,800 0 0
WASTE MGMT INC DEL COM 94106L109 5,807 79,635 SH   SOLE   79,635 0 0
WEST MARINE INC COM 954235107 2,154 225,809 SH   SOLE   225,809 0 0
WESTWOOD HLDGS GROUP INC COM 961765104 9,867 184,736 SH   SOLE   184,736 0 0
RYDEX ETF TRUST GUG S&P500 PU VA 78355W304 12,440 211,352 SH   SOLE   211,352 0 0
ISHARES TR 1-3 YR TR BD ETF 464287457 11,974 141,666 SH   SOLE   141,666 0 0
ISHARES INC CORE MSCI EMKT 46434G103 1,872 39,179 SH   SOLE   39,179 0 0
ISHARES TR CORE MSCI EURO 46434V738 9,481 215,615 SH   SOLE   215,615 0 0
ISHARES TR S&P 500 GRWT ETF 464287309 15,107 114,865 SH   SOLE   114,865 0 0
ISHARES TR S&P 500 VAL ETF 464287408 5,076 48,791 SH   SOLE   48,791 0 0
MESA LABS INC COM 59064R109 2,296 18,714 SH   SOLE   18,714 0 0