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
RED LION HOTELS CORP COM 756764106 11,383 1,315,981 SH   SOLE   1,315,981 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 5,942 332,000 SH   SOLE   332,000 0 0
READING INTERNATIONAL INC CL A 755408101 5,936 377,650 SH   SOLE   377,650 0 0
RENT A CENTER INC COM 76009C100 5,481 477,500 SH   SOLE   477,500 0 0
PFIZER INC COM 717081103 5,209 145,930 SH   SOLE   145,930 0 0
ALPHABET INC. CLASS C CAP STK CL C 02079K107 5,066 5,283 SH   SOLE   5,283 0 0
L S B INDUSTRIES INC COM 502160104 4,847 610,481 SH   SOLE   610,481 0 0
TELEPHONE & DATA SYS INC COM NEW 879433829 4,836 173,404 SH   SOLE   173,404 0 0
LIONS GATE ENTMT F CLASS B CL B NON VTG 535919500 4,779 150,350 SH   SOLE   150,350 0 0
MICRON TECHNOLOGY INC COM 595112103 3,770 95,865 SH   SOLE   95,865 0 0
BLACKHAWK NETWORK COM 09238E104 3,635 83,000 SH   SOLE   83,000 0 0
DISH NETWORK CORP CLASS A CL A 25470M109 3,485 64,280 SH   SOLE   64,280 0 0
ALLERGAN PLC F SHS G0177J108 3,206 15,645 SH   SOLE   15,645 0 0
BARNES & NOBLE COM 067770101 3,116 410,000 SH   SOLE   410,000 0 0
FRANKLIN FINL NETWORK INC COM 35352P104 2,975 83,470 SH   SOLE   83,470 0 0
HOSTESS BRANDS INC CL A 44109J106 2,691 197,000 SH   SOLE   197,000 0 0
ATENTO SA F SHS L0427L105 2,639 227,548 SH   SOLE   227,548 0 0
JAMES FINANCIAL GRP COM 470299108 2,607 179,827 SH   SOLE   179,827 0 0
WELBILT INC COM 949090104 2,604 113,000 SH   SOLE   113,000 0 0
ALLY FINANCIAL INC COM 02005N100 2,592 106,850 SH   SOLE   106,850 0 0
APPLE INC COM 037833100 2,514 16,315 SH   SOLE   16,315 0 0
HARTE-HANKS INCORPOR COM 416196103 2,461 2,300,100 SH   SOLE   2,300,100 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 2,444 114,235 SH   SOLE   114,235 0 0
SCHWAB US DIVIDEND EQUITY ETF US DIVIDEND EQ 808524797 2,366 50,561 SH   SOLE   50,561 0 0
CONIFER HLDGS INC COM 20731J102 2,341 390,167 SH   SOLE   390,167 0 0
LIONS GATE ENTMT F CLASS A CL B NON VTG 535919401 2,291 68,500 SH   SOLE   68,500 0 0
EDGEWELL PERS CARE CO COM 28035Q102 2,255 31,000 SH   SOLE   31,000 0 0
UNIVERSAL STAINLESS & ALLOY COM 913837100 2,142 102,753 SH   SOLE   102,753 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 2,086 19,200 SH   SOLE   19,200 0 0
NORTHWEST PIPE COMP COM 667746101 2,060 108,343 SH   SOLE   108,343 0 0
TIVO CORPORATION COM 88870P106 2,004 101,000 SH   SOLE   101,000 0 0
SALISBURY BANCORP INC COM 795226109 1,942 41,724 SH   SOLE   41,724 0 0
KINGSTONE COS INC COM 496719105 1,857 113,957 SH   SOLE   113,957 0 0
DRIVE SHACK INC CL A 526057104 1,848 512,000 SH   SOLE   512,000 0 0
LENNAR CORP CLASS CL B 526057302 1,836 40,744 SH   SOLE   40,744 0 0
RENEWABLE ENERGY GROUP INC COM NEW 75972A301 1,741 143,350 SH   SOLE   143,350 0 0
NOODLES & COMPANY CLASS A COM CL A 65540B105 1,636 372,000 SH   SOLE   372,000 0 0
CODORUS VY BANCORP INC COM 192025104 1,628 53,023 SH   SOLE   53,023 0 0
SELECT BANCORP INC NEW COM 81617L108 1,564 133,642 SH   SOLE   133,642 0 0
CITIGROUP INC COM NEW 172967424 1,522 20,925 SH   SOLE   20,925 0 0
PSB HOLDINGS INC COM 69360W108 1,475 21,099 SH   SOLE   21,099 0 0
AMERICAN RIVIERA BK COM 029326105 1,428 84,800 SH   SOLE   84,800 0 0
DOVER MOTORSPORTS INC COM 260174107 1,422 694,000 SH   SOLE   694,000 0 0
HOMETOWN BANKSHARES COM 43787N108 1,409 130,484 SH   SOLE   130,484 0 0
SCHWAB US LARGE CAP ETF US LRG CAP ETF 808524201 1,392 23,184 SH   SOLE   23,184 0 0
FEDERAL AGRIC MTG CORP CL C 313148306 1,370 18,846 SH   SOLE   18,846 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 1,280 26,550 SH   SOLE   26,550 0 0
JOHNSON & JOHNSON COM 478160104 1,238 9,528 SH   SOLE   9,528 0 0
HEXCEL CORP NEW COM 428291108 1,237 21,550 SH   SOLE   21,550 0 0
GASTAR EXPORATION COM 36729W202 1,227 1,395,100 SH   SOLE   1,395,100 0 0
STEWARDSHIP FINL CO COM 860326107 1,087 111,000 SH   SOLE   111,000 0 0
SOUTHWESTERN ENERGY COM 845467909 1,074 175,800 SH   SOLE   175,800 0 0
ORBOTECH LTD ORD M75253100 1,063 25,195 SH   SOLE   25,195 0 0
A T & T INC COM 00206R102 1,038 26,500 SH   SOLE   26,500 0 0
NORTHEAST BANCORP COM NEW 663904209 1,038 39,725 SH   SOLE   39,725 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 1,036 42,150 SH   SOLE   42,150 0 0
O2MICRO INTERNATIONAL LTD SPONS ADR 67107W100 930 525,716 SH   SOLE   525,716 0 0
FRESH DEL MONTE PRODUCE INC ORD G36738105 918 20,200 SH   SOLE   20,200 0 0
FIRST FNDTN INC COM 32026V104 904 50,550 SH   SOLE   50,550 0 0
BANCORP INC DEL COM 05969A105 901 109,000 SH   SOLE   109,000 0 0
CATERPILLAR INC DEL COM 149123101 899 7,216 SH   SOLE   7,216 0 0
BLUEROCK RESIDENTIAL REIT COM CL A 09627J102 865 78,290 SH   SOLE   78,290 0 0
WASTE MGMT INC DEL COM 94106L109 767 9,800 SH   SOLE   9,800 0 0
INDEPENDENCE RLTY TR INC COM 45378A106 762 75,000 SH   SOLE   75,000 0 0
CORCEPT THERAPEUTICS COM 218352102 722 40,000 SH   SOLE   40,000 0 0
PURECYCLE CORP COM NEW 746228303 716 95,510 SH   SOLE   95,510 0 0
SCHWAB INTERNATIONAL EQUITY ETF INTL EQTY ETF 808524805 694 20,738 SH   SOLE   20,738 0 0
MONDELEZ INTL INC CL A 609207105 691 17,000 SH   SOLE   17,000 0 0
HORIZON BANCORP IND COM 440407104 673 23,090 SH   SOLE   23,090 0 0
LEUCADIA NATIONAL CO COM 527288104 643 25,500 SH   SOLE   25,500 0 0
SEACHANGE INTL INC COM 811699107 624 228,013 SH   SOLE   228,013 0 0
COLONY BANKCORP INC COM 19623P101 614 44,682 SH   SOLE   44,682 0 0
ROYAL GOLD INC COM 780287108 613 7,130 SH   SOLE   7,130 0 0
BROOKDALE SENIOR LIV COM 112463104 604 57,000 SH   SOLE   57,000 0 0
ALASKA COMMUNICATIONS SYS GR COM 01167P101 544 240,000 SH   SOLE   240,000 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 505 22,224 SH   SOLE   22,224 0 0
EXXON MOBIL CORP COM 30231G102 495 6,039 SH   SOLE   6,039 0 0
CALAVO GROWERS INC COM 128246105 475 6,500 SH   SOLE   6,500 0 0
ISHARES TR DOW JONES US ETF 464287846 415 3,300 SH   SOLE   3,300 0 0
COCA COLA CO COM 191216100 411 9,150 SH   SOLE   9,150 0 0
CARRIZO OIL & GAS COM 144577103 376 22,000 SH   SOLE   22,000 0 0
CASELLA WASTE SYS INC CL A 147448104 376 20,000 SH   SOLE   20,000 0 0
MADISON SQUARE GARDE CLASS A CL A 55825T103 356 1,666 SH   SOLE   1,666 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 342 1,050 SH   SOLE   1,050 0 0
HOMETRUST BANCSHARES COM 437872104 333 13,000 SH   SOLE   13,000 0 0
TEMPUR SEALY INTL COM 88023U101 322 5,000 SH   SOLE   5,000 0 0
INTERNAP CORP COM 45885A300 291 67,000 SH   SOLE   67,000 0 0
SCHWAB EMERGING MARKETS EQUITY ETF EMRG MKTEQ ETF 808524706 278 10,331 SH   SOLE   10,331 0 0
VEREIT INC REIT COM 92339V100 225 27,200 SH   SOLE   27,200 0 0
PROCTER & GAMBLE CO COM 742718109 213 2,342 SH   SOLE   2,342 0 0
TIDEWATER INC CITIZN COM 886423102 206 7,094 SH   SOLE   7,094 0 0
SCHWAB INTERNATNAL SMALL CAP EQY ETF INTL SCEQT ETF 808524888 199 5,562 SH   SOLE   5,562 0 0
INVESTORS BANCORP INC NEW COM 46146L101 150 11,000 SH   SOLE   11,000 0 0
CUI GLOBAL INC COM NEW 126576206 136 37,127 SH   SOLE   37,127 0 0
WALGREENS BOOTS ALLIANCE INC COM 931427108 135 1,760 SH   SOLE   1,760 0 0
ARLINGTON ASSET INVT CLASS A CL A NEW 041356205 128 10,100 SH   SOLE   10,100 0 0
CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 127 350 SH   SOLE   350 0 0
VOYA PRIME RATE TR SH BEN INT 92913A100 104 20,000 SH   SOLE   20,000 0 0
CLIFTON BANCORP INC COM 186873105 96 5,800 SH   SOLE   5,800 0 0
CHURCH & DWIGHT CO COM 171340102 82 1,700 SH   SOLE   1,700 0 0
AEROJET ROCKETDYNE H COM 007800105 58 1,675 SH   SOLE   1,675 0 0
QUALCOMM INC COM 747525103 51 1,000 SH   SOLE   1,000 0 0
ISHARES MSCI STH KOR ETF 464286772 50 821 SH   SOLE   821 0 0
PACIFIC PREMIER BANCORP COM 69478X105 36 966 SH   SOLE   966 0 0
CALPINE CORP COM NEW 131347304 29 2,000 SH   SOLE   2,000 0 0
CENTENE CORP DEL COM 15135B101 3 33 SH   SOLE   33 0 0
CHANTICLEER HLDGS INC COM PAR $.0001 N 15930P404 2 979 SH   SOLE   979 0 0