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
1 800 FLOWERS COM INC CL A COM 68243Q106 6,574 523,846 SH   SOLE   523,846 0 0
A H BELO CORP COM CL A COM 001282102 517 110,001 SH   SOLE   110,001 0 0
AARON'S INC COM 002535300 2,086 48,000 SH   SOLE   48,000 0 0
ABM INDS INC COM COM 000957100 426 14,600 SH   SOLE   0 0 14,600
ACCESS NATL CORP COM COM 004337101 838 29,311 SH   SOLE   29,311 0 0
ACCURAY INC COM COM 004397105 135 32,960 SH   SOLE   32,960 0 0
ACHAOGEN INC COM COM 004449104 1,212 140,000 SH   SOLE   140,000 0 0
ACHILLION PHARMACEUTICALS INCO COM 00448Q201 28 10,000 SH   SOLE   10,000 0 0
ACME UTD CORP COM COM 004816104 2,639 127,200 SH   SOLE   127,200 0 0
AEROJET ROCKETDYDTD 12/14/1 2. CORPORATE BONDS 007800AB1 323 250,000 PRN   SOLE   250,000 0 0
AEROJET ROCKETDYNE HOLDINGS COM 007800105 32,996 1,118,900 SH   SOLE   1,118,900 0 0
AIZ 6 1/2 3/15/21 CONVERTIBLE PREF 04621X207 266 2,538 SH   SOLE   2,538 0 0
ALLEGIANCE BANCSHARES INC COM COM 01748H107 3,087 71,200 SH   SOLE   71,200 0 0
AMERICAN AIRLINES GROUP INC COM 02376R102 1,708 45,000 SH   SOLE   45,000 0 0
AMERICAN EAGLE OUTFITTERS INCO COM 02553E106 528 22,700 SH   SOLE   3,050 0 19,650
AMERICAN RAILCAR INDS INC COM COM 02916P103 367 9,292 SH   SOLE   9,292 0 0
AMERICAN SOFTWARE INC CL A COM 029683109 2,927 200,913 SH   SOLE   200,913 0 0
AMPCO PITTSBURGH CORP COM 032037103 5,330 520,000 SH   SOLE   520,000 0 0
AMTECH SYS INC COM PAR $0.01N COM 032332504 103 17,000 SH   SOLE   17,000 0 0
ANCHOR BANK CORP COM 032838104 1,292 49,400 SH   SOLE   49,400 0 0
ANGIODYNAMICS INC COM COM 03475V101 1,136 51,066 SH   SOLE   30,350 0 20,716
ANIKA THERAPEUTICS INC COM COM 035255108 544 17,000 SH   SOLE   17,000 0 0
AQUAVENTURE HLDGS LTD SHS COM G0443N107 195 12,500 SH   SOLE   12,500 0 0
ARC DOCUMENT SOLUTIONS INC COM COM 00191G103 89 50,000 SH   SOLE   50,000 0 0
ARMSTRONG FLOORING INC COM COM 04238R106 3,614 257,400 SH   SOLE   257,400 0 0
ARTESIAN RES CORP COM CL A COM 043113208 951 24,526 SH   SOLE   24,526 0 0
ASCENT CAPITAL GROUP INC COM 043632108 112 40,000 SH   SOLE   40,000 0 0
ASTEC INDS INC COM COM 046224101 18,155 303,600 SH   SOLE   303,600 0 0
ASTRONICS CORP COM COM 046433108 486 13,500 SH   SOLE   13,500 0 0
ATLANTIC AMERN CORP COM COM 048209100 54 20,000 SH   SOLE   20,000 0 0
ATLANTIC CAP BANCSHARES INC CO COM 048269203 5,036 256,308 SH   SOLE   238,108 0 18,200
ATLAS AIR WORLDWIDE HLDGS 2.25 CONVERTIBLE BOND 049164BH8 307 250,000 PRN   SOLE   250,000 0 0
ATN INTERNATIONAL INC COM 00215F107 2,681 50,800 SH   SOLE   50,800 0 0
AVID TECHNOLOGY INC COM 05367P100 919 176,742 SH   SOLE   176,742 0 0
AZZ INC COM COM 002474104 869 20,000 SH   SOLE   20,000 0 0
BADGER METER INC COM COM 056525108 1,252 28,000 SH   SOLE   28,000 0 0
BANK OF AMERICA CV PFD L 7.250 CONVERTIBLE PREF 060505682 250 200 SH   SOLE   200 0 0
BANKUNITED INC COM COM 06652K103 1,049 25,670 SH   SOLE   13,570 0 12,100
BARNES GROUP INC COM COM 067806109 250 4,250 SH   SOLE   4,250 0 0
BASSETT FURNITURE INDS COM 070203104 6,845 248,470 SH   SOLE   248,470 0 0
BDX 6 1/8 5/1/20 CONVERTIBLE PREF 075887208 340 5,494 SH   SOLE   5,494 0 0
BEASLEY BROADCAST GRP INC. COM 074014101 8,064 720,000 SH   SOLE   720,000 0 0
BENEFICIAL BANCORP INC COM 08171T102 676 41,698 SH   SOLE   22,598 0 19,100
BERKSHIRE HILLS BANCORP INC CO COM 084680107 578 14,246 SH   SOLE   14,246 0 0
BERRY PLASTICS GROUP INC COM COM 08579W103 4,553 99,111 SH   SOLE   99,111 0 0
BIG 5 SPORTING GOODS CORP COM COM 08915P101 1,026 135,000 SH   SOLE   135,000 0 0
BIGLARI HOLDINGS INC COM 08986R309 2,419 13,183 SH   SOLE   13,183 0 0
BIGLARI HOLDINGS INC-A COM 08986R408 1,822 1,918 SH   SOLE   1,918 0 0
BIOLASE INC COM 090911207 36 30,000 SH   SOLE   30,000 0 0
BIOSCRIP INC COM 09069N108 1,582 540,000 SH   SOLE   540,000 0 0
BIOTELEMETRY INC COM COM 090672106 6,075 135,000 SH   SOLE   135,000 0 0
BLUE APRON HLDGS INC CL A COM 09523Q101 377 112,600 SH   SOLE   112,600 0 0
BOSTON BEER INC CL A COM 100557107 2,547 8,500 SH   SOLE   8,500 0 0
BOTTOMLINE TECH DEL INC COM COM 101388106 1,714 34,400 SH   SOLE   16,100 0 18,300
BOYD GAMING CORP COM 103304101 2,489 71,800 SH   SOLE   71,800 0 0
BRINKS CO COM COM 109696104 423 5,300 SH   SOLE   0 0 5,300
BROWN & BROWN INC COM COM 115236101 903 32,568 SH   SOLE   14,100 0 18,468
BRS 4 1/2 6/1/23 CONVERTIBLE BOND 110394AF0 410 359,000 PRN   SOLE   359,000 0 0
CABOT MICROELECTRONICS COM 12709P103 613 5,700 SH   SOLE   2,200 0 3,500
CADIZ INC COM 127537207 592 45,174 SH   SOLE   45,174 0 0
CALAVO GROWERS INC COM COM 128246105 5,577 58,000 SH   SOLE   58,000 0 0
CALIFORNIA WTR SVC GROUP COM COM 130788102 966 24,800 SH   SOLE   24,800 0 0
CALLAWAY GOLF CO COM COM 131193104 1,828 96,387 SH   SOLE   96,387 0 0
CALLON PETE CO DEL COM COM 13123X102 2,630 244,844 SH   SOLE   244,844 0 0
CAMBIUM LEARNING GRP INC COM COM 13201A107 112 10,000 SH   SOLE   10,000 0 0
CANTEL MEDICAL CORP COM COM 138098108 4,574 46,500 SH   SOLE   46,500 0 0
CANTERBURY PK HLDG CORP COM 13811E101 2,457 164,100 SH   SOLE   164,100 0 0
CAPITAL CITY BK GROUP INC COM COM 139674105 2,268 95,976 SH   SOLE   95,976 0 0
CAPSTONE TURBINE CORP COM 14067D409 21 15,001 SH   SOLE   15,001 0 0
CARBONITE INC COM 141337105 2,781 79,687 SH   SOLE   79,687 0 0
CARDIOVASCULAR SYS INC DEL COM COM 141619106 3,593 111,100 SH   SOLE   111,100 0 0
CAREDX INC COM 14167L103 171 14,000 SH   SOLE   14,000 0 0
CAROLINA FINL CORP NEW COM COM 143873107 279 6,500 SH   SOLE   6,500 0 0
CARPENTER TECHNOLOGY CORP COM COM 144285103 610 11,600 SH   SOLE   0 0 11,600
CASELLA WASTE SYS INC CL A COM 147448104 15,362 599,828 SH   SOLE   599,828 0 0
CAVCO INDUSTRIES COM 149568107 11,628 56,000 SH   SOLE   56,000 0 0
CCI 6 7/8 8/1/20 CONVERTIBLE PREF 22822V309 435 404 SH   SOLE   404 0 0
CENTENNIAL RESOURCE DEV INC CL COM 15136A102 867 47,994 SH   SOLE   21,394 0 26,600
CHART INDS INC COM 16115Q308 3,701 60,000 SH   SOLE   60,000 0 0
CHASE CORP COM 16150R104 10,896 92,933 SH   SOLE   92,933 0 0
CHEESECAKE FACTORY INC COM 163072101 2,753 50,000 SH   SOLE   50,000 0 0
CHENIERE ENERGY, INC. 4.250 0 CONVERTIBLE BOND 16411RAG4 317 400,000 PRN   SOLE   400,000 0 0
CHESAPEAKE UTILS CORP COM COM 165303108 2,618 32,750 SH   SOLE   32,750 0 0
CHURCHILL DOWNS INC COM COM 171484108 7,128 24,040 SH   SOLE   24,040 0 0
CINCINNATI BELL INC NEW COM NE COM 171871502 4,710 300,000 SH   SOLE   300,000 0 0
CIRCOR INTL INC COM COM 17273K109 7,155 193,600 SH   SOLE   182,200 0 11,400
CITIZENS & NORTHN CORP COM COM 172922106 471 18,200 SH   SOLE   18,200 0 0
COBIZ FINANCIAL INC COM COM 190897108 3,090 143,839 SH   SOLE   128,239 0 15,600
COHEN & STEERS INC COM COM 19247A100 4,546 109,000 SH   SOLE   109,000 0 0
COLLEGIUM PHARMACEUTICAL INCCO COM 19459J104 763 32,000 SH   SOLE   32,000 0 0
COLUMBIA BKG SYS INC COM COM 197236102 327 8,001 SH   SOLE   2,700 0 5,301
COLUMBUS MCKINNON CORP N Y COM COM 199333105 5,449 125,660 SH   SOLE   125,660 0 0
COMSCORE INC COM 20564W105 4,142 190,000 SH   SOLE   190,000 0 0
CONNECTICUT WTR SVC INC COM COM 207797101 261 4,000 SH   SOLE   4,000 0 0
CONSOLIDATED COMM HLDGS INC CO COM 209034107 471 38,111 SH   SOLE   38,111 0 0
CONSOLIDATED WATER CO LTD ORD COM G23773107 851 66,000 SH   SOLE   66,000 0 0
CONVERGYS CORP COM COM 212485106 927 37,920 SH   SOLE   17,620 0 20,300
CORE MOLDING TECH COM COM 218683100 4,405 308,500 SH   SOLE   308,500 0 0
COTT CORP COM COM 22163N106 1,821 110,000 SH   SOLE   110,000 0 0
CROWN HOLDINGS INC COM COM 228368106 246 5,500 SH   SOLE   5,500 0 0
CSGS 4 1/4 3/15/36 CONVERTIBLE BOND 126349AF6 369 350,000 PRN   SOLE   350,000 0 0
CTS CORP COM 126501105 12,366 343,500 SH   SOLE   343,500 0 0
CUTERA INC COM COM 232109108 14,218 352,796 SH   SOLE   352,796 0 0
CY 4 1/2 1/15/22 CONVERTIBLE BOND 232806AM1 332 250,000 PRN   SOLE   250,000 0 0
CYPRESS SEMICONDUCTOR CORP COM COM 232806109 1,220 78,300 SH   SOLE   26,300 0 52,000
C&J ENERGY SVCS INC NEW COM COM 12674R100 966 40,916 SH   SOLE   23,116 0 17,800
DAKTRONICS INC COM COM 234264109 596 70,000 SH   SOLE   70,000 0 0
DANA HOLDING CORP COM COM 235825205 2,120 105,000 SH   SOLE   105,000 0 0
DARLING INTL INC COM COM 237266101 1,431 72,000 SH   SOLE   35,200 0 36,800
DATAWATCH CORP COM NEW COM 237917208 219 23,000 SH   SOLE   23,000 0 0
DAWSON GEOPHYSICAL CO NEW COM COM 239360100 202 25,620 SH   SOLE   25,620 0 0
DENNYS CORP COM COM 24869P104 954 59,900 SH   SOLE   59,900 0 0
DESTINATION XL GROUP INC COM 25065K104 23 10,000 SH   SOLE   10,000 0 0
DHI GROUP INC COM COM 23331S100 106 45,000 SH   SOLE   45,000 0 0
DICKS SPORTING GOODS INC COM COM 253393102 516 14,627 SH   SOLE   627 0 14,000
DIEBOLD NIXDORF COM 253651103 1,415 118,383 SH   SOLE   45,083 0 73,300
DIGI INTL INC COM COM 253798102 1,119 84,801 SH   SOLE   84,801 0 0
DIME CMNTY BANCORP INC COM COM 253922108 698 35,800 SH   SOLE   35,800 0 0
DISH 3 3/8 8/15/26 CONVERTIBLE BOND 25470MAB5 387 400,000 PRN   SOLE   400,000 0 0
DOUGLAS DYNAMICS INC COM COM 25960R105 480 10,000 SH   SOLE   10,000 0 0
DOVER DOWNS GAMING & ENTMT INC COM 260095104 484 272,000 SH   SOLE   272,000 0 0
DTE 6 1/2 10/1/19 CONVERTIBLE PREF 233331883 257 5,000 SH   SOLE   5,000 0 0
DUCOMMUN INC DEL COM COM 264147109 4,086 123,485 SH   SOLE   123,485 0 0
DUN & BRADSTREET CORP COM 26483E100 574 4,679 SH   SOLE   1,879 0 2,800
DXP ENTERPRISES INC NEW COM NE COM 233377407 466 12,200 SH   SOLE   12,200 0 0
EASTERN CO COM COM 276317104 9,961 355,131 SH   SOLE   355,131 0 0
EDGEWATER TECHNOLOGY INC COM COM 280358102 3,824 705,520 SH   SOLE   705,520 0 0
ELDORADO RESORTS INC COM COM 28470R102 3,030 77,500 SH   SOLE   77,500 0 0
ELECTRO SCIENTIFIC INDS INC CO COM 285229100 1,268 80,389 SH   SOLE   80,389 0 0
ELECTROMED INC COM COM 285409108 605 111,616 SH   SOLE   111,616 0 0
EMCOR GROUP INC COM COM 29084Q100 952 12,500 SH   SOLE   5,700 0 6,800
ENERGY RECOVERY INC COM 29270J100 549 68,000 SH   SOLE   68,000 0 0
ENTEGRIS INC COM COM 29362U104 7,990 235,700 SH   SOLE   203,400 0 32,300
ENTERCOM COMMUNICATIONS CORPCL COM 293639100 594 78,700 SH   SOLE   78,700 0 0
ENTRAVISION COMM CORP CL A COM 29382R107 4,089 817,763 SH   SOLE   817,763 0 0
EQUITY COMWLTH COM SH BEN INT COM 294628102 284 9,000 SH   SOLE   5,100 0 3,900
ESTERLINE TECHNOLOGIES CORP CO COM 297425100 327 4,425 SH   SOLE   1,425 0 3,000
ETHAN ALLEN INTERIORS INC COM COM 297602104 2,173 88,674 SH   SOLE   51,974 0 36,700
EVERI HLDGS INC COM COM 30034T103 108 15,000 SH   SOLE   15,000 0 0
EVINE LIVE INC COM 300487105 339 275,800 SH   SOLE   275,800 0 0
EXAS 1.000 01/15/25 CONVERTIBLE BOND 30063PAA3 211 200,000 PRN   SOLE   200,000 0 0
EXELIXIS INC COM COM 30161Q104 3,874 180,000 SH   SOLE   180,000 0 0
EXTREME NETWORKS INC COM COM 30226D106 2,988 375,400 SH   SOLE   311,000 0 64,400
F N B CORP PA COM COM 302520101 1,015 75,600 SH   SOLE   75,600 0 0
FABRINET SHS COM G3323L100 516 14,000 SH   SOLE   7,200 0 6,800
FARMER BROS CO COM 307675108 7,312 239,354 SH   SOLE   239,354 0 0
FARMERS NATL BANC CORP COM COM 309627107 638 40,000 SH   SOLE   40,000 0 0
FARO TECHNOLOGIES INC COM COM 311642102 598 11,000 SH   SOLE   4,500 0 6,500
FEDERAL SIGNAL CORP COM COM 313855108 16,629 714,000 SH   SOLE   714,000 0 0
FERRO CORP COM 315405100 23,894 1,145,985 SH   SOLE   1,128,585 0 17,400
FIDELITY SOUTHERN CORP COM 316394105 331 13,018 SH   SOLE   13,018 0 0
FINISAR CORP COM NEW COM 31787A507 446 24,800 SH   SOLE   11,600 0 13,200
FIRST CONN BANCORP INC MD COM COM 319850103 625 20,430 SH   SOLE   20,430 0 0
FIRST FNDTN INC COM COM 32026V104 189 10,200 SH   SOLE   10,200 0 0
FIRST INTERNET BANCORP COM COM 320557101 1,091 32,000 SH   SOLE   32,000 0 0
FLUSHING FINL CORP COM COM 343873105 16,296 624,372 SH   SOLE   624,372 0 0
FORMFACTOR INC COM COM 346375108 6,536 491,434 SH   SOLE   459,598 0 31,836
FOSTER L B CO COM COM 350060109 1,790 78,000 SH   SOLE   78,000 0 0
FREQUENCY ELECTRS INC COM COM 358010106 168 20,808 SH   SOLE   20,808 0 0
FRP HLDGS INC COM COM 30292L107 1,625 25,100 SH   SOLE   25,100 0 0
FTI CONSULTING INC COM COM 302941109 1,988 32,868 SH   SOLE   10,750 0 22,118
FULL HOUSE RESORTS INC COM COM 359678109 3,561 1,069,296 SH   SOLE   1,069,296 0 0
GENCOR INDS INC COM COM 368678108 9,101 563,500 SH   SOLE   563,500 0 0
GENESIS HEALTHCARE INC CL A CO COM 37185X106 115 50,000 SH   SOLE   50,000 0 0
GENIUS BRANDS INTERN COM 37229T301 48 20,000 SH   SOLE   20,000 0 0
GENTHERM INC COM COM 37253A103 527 13,400 SH   SOLE   13,400 0 0
GIBRALTER INDUSTRIES INC COM 374689107 5,438 145,000 SH   SOLE   145,000 0 0
GLACIER BANCORP INC NEW COM COM 37637Q105 982 25,400 SH   SOLE   7,900 0 17,500
GNC HLDGS INC COM CL A COM 36191G107 88 25,000 SH   SOLE   25,000 0 0
GOGO INC COM COM 38046C109 292 60,000 SH   SOLE   60,000 0 0
GOLDEN ENTERTAINMENT INC COM 381013101 13,746 509,297 SH   SOLE   509,297 0 0
GORMAN RUPP CO COM 383082104 4,781 136,600 SH   SOLE   136,600 0 0
GP STRATEGIES CORP COM COM 36225V104 2,134 121,271 SH   SOLE   121,271 0 0
GRAHAM CORP COM COM 384556106 893 34,600 SH   SOLE   34,600 0 0
GRANITE CONSTR INC COM COM 387328107 3,156 56,700 SH   SOLE   56,700 0 0
GRAY TELEVISION, INC COM 389375106 3,942 249,500 SH   SOLE   249,500 0 0
GRAY TELEVISION, INC CL A COM 389375205 1,229 84,084 SH   SOLE   84,084 0 0
GREENBRIER COS INC COM 393657101 1,794 34,000 SH   SOLE   34,000 0 0
GRIFFIN INDUSTRIAL REALTY IN COM 398231100 11,217 255,000 SH   SOLE   255,000 0 0
GRIFFON CORP COM COM 398433102 7,807 438,579 SH   SOLE   438,579 0 0
GSE SYS INC COM COM 36227K106 65 20,000 SH   SOLE   20,000 0 0
GULFPORT ENERGY CORP COM NEW COM 402635304 502 39,900 SH   SOLE   0 0 39,900
GYRODYNE LLC COM COM 403829104 262 12,638 SH   SOLE   12,638 0 0
HABIT RESTAURANTS INC COM CL A COM 40449J103 109 10,900 SH   SOLE   10,900 0 0
HAIN CELESTIAL GROUP INC COM 405217100 2,252 75,586 SH   SOLE   75,586 0 0
HALLMARK FINL SVCS INC ECCOM N COM 40624Q203 1,835 183,860 SH   SOLE   183,860 0 0
HANCOCK HOLDING CO COM 410120109 676 14,500 SH   SOLE   14,500 0 0
HANESBRANDS INC COM COM 410345102 556 25,262 SH   SOLE   11,762 0 13,500
HAVERTY FURNITURE INC COM COM 419596101 259 12,000 SH   SOLE   0 0 12,000
HAWKINS INC COM COM 420261109 2,722 77,000 SH   SOLE   77,000 0 0
HAYNES INTERNATIONAL INC COM 420877201 992 27,000 SH   SOLE   27,000 0 0
HC2 HLDGS INC COM COM 404139107 4,166 712,117 SH   SOLE   712,117 0 0
HEARTLAND FINL USA INC COM COM 42234Q102 247 4,500 SH   SOLE   2,000 0 2,500
HEMISPHERE MEDIA GROUP INC CL COM 42365Q103 557 42,500 SH   SOLE   15,000 0 27,500
HERC HLDGS INC COM COM 42704L104 732 13,000 SH   SOLE   13,000 0 0
HERITAGE COMMERCE CORP COM COM 426927109 525 30,900 SH   SOLE   30,900 0 0
HESKA CORPORATION COM NEW COM 42805E306 1,194 11,500 SH   SOLE   11,500 0 0
HEXCEL CORP NEW COM COM 428291108 727 10,952 SH   SOLE   4,752 0 6,200
HOMESTREET INC COM COM 43785V102 809 30,000 SH   SOLE   30,000 0 0
HOPE BANCORP INC COM COM 43940T109 1,602 89,850 SH   SOLE   89,850 0 0
HUDSON TECHNOLOGIES INC COM COM 444144109 216 107,700 SH   SOLE   107,700 0 0
HUTTIG BLDG PRODS INC COM COM 448451104 3,729 785,000 SH   SOLE   785,000 0 0
I3 VERTICALS INC COM CL A COM 46571Y107 469 30,800 SH   SOLE   30,800 0 0
ICC HOLDINGS INC COM 44931Q104 540 34,400 SH   SOLE   34,400 0 0
ICF INTL INC COM COM 44925C103 1,655 23,300 SH   SOLE   23,300 0 0
ICPT 3 1/4 7/1/23 CONVERTIBLE BOND 45845PAA6 264 300,000 PRN   SOLE   300,000 0 0
ICU MEDICAL INC COM 44930G107 2,224 7,572 SH   SOLE   5,480 0 2,092
IMAX CORP COM COM 45245E109 687 31,000 SH   SOLE   31,000 0 0
INDEPENDENCE CONTRACT DRIL ICO COM 453415309 748 181,636 SH   SOLE   181,636 0 0
INFINERA CORPORATION COM COM 45667G103 1,809 182,200 SH   SOLE   60,800 0 121,400
INFUSYSTEM HLDGS INC COM COM 45685K102 2,131 600,218 SH   SOLE   600,218 0 0
INGLES MKTS INC CL A COM 457030104 5,743 180,600 SH   SOLE   180,600 0 0
INNOPHOS HOLDINGS INC COM COM 45774N108 333 7,000 SH   SOLE   7,000 0 0
INNOVATIVE SOLUTIONS & SUPPOCO COM 45769N105 358 123,000 SH   SOLE   123,000 0 0
INSIGNIA SYS INC COM COM 45765Y105 275 168,764 SH   SOLE   168,764 0 0
INSPIRED ENTMT INC COM COM 45782N108 1,228 196,528 SH   SOLE   196,528 0 0
INTEGER HOLDINGS CORP COM 45826H109 1,487 23,000 SH   SOLE   23,000 0 0
INTERDIGITAL INC 1.5 3/1/20 CONVERTIBLE BOND 458660AD9 429 350,000 PRN   SOLE   350,000 0 0
INTERNAP CORP COM PAR COM 45885A409 4,585 440,000 SH   SOLE   440,000 0 0
INTEVAC INC COM COM 461148108 1,116 230,030 SH   SOLE   230,030 0 0
INTRICON CORP COM COM 46121H109 5,747 142,617 SH   SOLE   142,617 0 0
INVESTORS BANCORP INC COM 46146L101 1,318 103,046 SH   SOLE   44,250 0 58,796
INVITAE CORP COM COM 46185L103 882 120,000 SH   SOLE   120,000 0 0
IPHI 1 1/8 12/1/20 CONVERTIBLE BOND 45772FAB3 327 300,000 PRN   SOLE   300,000 0 0
IRIDIUM COMMUNICATIONS INC COM COM 46269C102 322 20,000 SH   SOLE   20,000 0 0
ITERIS INC COM 46564T107 97 20,000 SH   SOLE   20,000 0 0
J & J SNACK FOODS CORP COM 466032109 229 1,500 SH   SOLE   1,500 0 0
JA SOLAR HOLDINGS CO LTD SPON COM 466090206 229 33,670 SH   SOLE   33,670 0 0
JOHN BEAN TECHNOLOGIES CORP CO COM 477839104 7,645 86,000 SH   SOLE   86,000 0 0
JOHNSON OUTDOORS INC CL A COM 479167108 803 9,500 SH   SOLE   9,500 0 0
K2M GROUP HLDGS INC COM COM 48273J107 990 44,000 SH   SOLE   44,000 0 0
KAMAN CORP COM 483548103 13,750 197,301 SH   SOLE   197,301 0 0
KAR AUCTION SVCS INC COM COM 48238T109 2,026 36,979 SH   SOLE   36,979 0 0
KIMBALL ELECTRONICS INC COM COM 49428J109 2,123 116,000 SH   SOLE   116,000 0 0
KIMBALL INTL INC CL B COM 494274103 8,726 540,000 SH   SOLE   540,000 0 0
KINDRED HEALTHCARE INC COM COM 494580103 1,890 210,000 SH   SOLE   210,000 0 0
KKR & CO. L.P COM 48248M102 2,257 90,843 SH   SOLE   90,843 0 0
KN 3 1/4 11/1/21 CONVERTIBLE BOND 49926DAB5 337 300,000 PRN   SOLE   300,000 0 0
KOPIN CORP COM COM 500600101 601 210,000 SH   SOLE   210,000 0 0
LA Z BOY CHAIR CO COM 505336107 1,714 56,000 SH   SOLE   56,000 0 0
LAKELAND INDS INC. COM 511795106 173 12,211 SH   SOLE   12,211 0 0
LANDS END INC NEW COM COM 51509F105 2,157 77,300 SH   SOLE   77,300 0 0
LAWSON PRODS INC COM COM 520776105 6,989 287,042 SH   SOLE   287,042 0 0
LEGACY TEX FINL GROUP INC COM COM 52471Y106 2,251 57,700 SH   SOLE   19,800 0 37,900
LENDING TREE INC. COM 52603B107 2,395 11,200 SH   SOLE   11,200 0 0
LIFETIME BRANDS INC COM COM 53222Q103 1,071 84,648 SH   SOLE   84,648 0 0
LIFEWAY FOODS INC COM COM 531914109 825 163,931 SH   SOLE   163,931 0 0
LIMONEIRA CO COM COM 532746104 3,432 139,475 SH   SOLE   139,475 0 0
LINDSAY CORP COM 535555106 1,471 15,164 SH   SOLE   15,164 0 0
LITE 1/4 3/15/24 CONVERTIBLE BOND 55024UAB5 370 312,000 PRN   SOLE   312,000 0 0
LITHIA MOTORS INC. COM 536797103 2,572 27,200 SH   SOLE   27,200 0 0
LITTELFUSE INC COM 537008104 1,438 6,304 SH   SOLE   6,304 0 0
LSB INDS INC COM COM 502160104 433 81,650 SH   SOLE   81,650 0 0
LYDALL INC COM COM 550819106 4,799 109,949 SH   SOLE   109,949 0 0
MACQUARIE INFRASTRUCTURE COMPA COM 55608B105 675 16,000 SH   SOLE   16,000 0 0
MARCUS CORP COM COM 566330106 11,863 365,000 SH   SOLE   365,000 0 0
MARINE PRODS CORP COM COM 568427108 14,444 812,400 SH   SOLE   812,400 0 0
MARINEMAX INC COM COM 567908108 1,137 60,000 SH   SOLE   60,000 0 0
MARVELL TECHNOLOGY GRP LTD COM G5876H105 885 41,260 SH   SOLE   18,260 0 23,000
MATADOR RES CO COM COM 576485205 1,175 39,100 SH   SOLE   17,500 0 21,600
MATERIALISE NV SPONSORED ADS COM 57667T100 130 10,000 SH   SOLE   10,000 0 0
MATERION CORPORATION COM 576690101 9,249 170,800 SH   SOLE   170,800 0 0
MATTHEWS INTL CORP CL A COM 577128101 268 4,560 SH   SOLE   4,560 0 0
MCGRATH RENTCORP COM COM 580589109 2,537 40,100 SH   SOLE   25,600 0 14,500
MCHP 1 5/8 2/15/27 CONVERTIBLE BOND 595017AF1 353 300,000 PRN   SOLE   300,000 0 0
MDC PARTNERS INC-A COM 552697104 575 125,000 SH   SOLE   125,000 0 0
MEDALLION FINANCIAL CORP COM 583928106 932 170,000 SH   SOLE   170,000 0 0
MELINTA THERAPEUTICS INC COM 58549G100 121 19,000 SH   SOLE   19,000 0 0
MERCADOLIBRE, INC. 2.250 07/0 CONVERTIBLE BOND 58733RAB8 237 100,000 PRN   SOLE   100,000 0 0
MERCURY COMPUTER SYS INC COM COM 589378108 1,332 35,000 SH   SOLE   35,000 0 0
MEREDITH CORP COM 589433101 857 16,800 SH   SOLE   7,400 0 9,400
MERIDIAN BIOSCIENCE INC COM COM 589584101 2,465 155,000 SH   SOLE   155,000 0 0
MESA LABS INC COM COM 59064R109 6,248 29,600 SH   SOLE   29,600 0 0
METHODE ELECTRS INC CL A COM 591520200 1,161 28,800 SH   SOLE   28,800 0 0
MGE ENERGY INC COM 55277P104 2,270 36,000 SH   SOLE   36,000 0 0
MGP INGREDIENTS INC NEW COM COM 55303J106 2,361 26,580 SH   SOLE   26,580 0 0
MIDDLEBY CORP COM COM 596278101 4,636 44,400 SH   SOLE   44,400 0 0
MIDDLESEX WTR CO COM COM 596680108 1,250 29,633 SH   SOLE   29,633 0 0
MINERALS TECHNOLOGIES INC COM 603158106 309 4,100 SH   SOLE   4,100 0 0
MITCHAM INDS INC COM COM 606501104 563 140,069 SH   SOLE   140,069 0 0
MITEK SYS INC COM NEW COM 606710200 601 67,500 SH   SOLE   67,500 0 0
MITEL NETWORKS CORP COM COM 60671Q104 1,575 143,600 SH   SOLE   48,700 0 94,900
MODINE MFG CO COM 607828100 5,687 311,600 SH   SOLE   311,600 0 0
MONEYGRAM INTERNATIONAL INC CO COM 60935Y208 815 121,793 SH   SOLE   121,793 0 0
MOTORCAR PTS & ACCESSORS INCCO COM 620071100 449 24,000 SH   SOLE   24,000 0 0
MOVADO GROUP INC COM COM 624580106 3,043 63,000 SH   SOLE   63,000 0 0
MSA SAFETY INC COM COM 553498106 915 9,500 SH   SOLE   9,500 0 0
MTS SYS CORP COM COM 553777103 263 5,002 SH   SOLE   5,002 0 0
MUELLER WATER PRODUCTS INC COM 624758108 1,245 106,200 SH   SOLE   75,900 0 30,300
MVC CAP COM COM 553829102 1,276 134,300 SH   SOLE   134,300 0 0
MYERS INDS INC COM 628464109 19,736 1,027,900 SH   SOLE   1,027,900 0 0
MYR GROUP INC DEL COM COM 55405W104 4,542 128,074 SH   SOLE   116,374 0 11,700
NABORS INDUSTRIES LTD SHS COM G6359F103 246 38,402 SH   SOLE   38,402 0 0
NABRIVA THERAPEUTICS PLC SHS COM G63637105 35 10,000 SH   SOLE   10,000 0 0
NAPCO SEC SYS INC COM COM 630402105 4,051 276,551 SH   SOLE   276,551 0 0
NATHANS FAMOUS INC NEW COM COM 632347100 20,950 222,634 SH   SOLE   222,634 0 0
NATIONAL CINEMEDIA INC COM COM 635309107 470 56,000 SH   SOLE   56,000 0 0
NATIONAL COMM CORP COM COM 63546L102 1,296 28,000 SH   SOLE   28,000 0 0
NATUS MEDICAL INC DEL COM COM 639050103 366 10,600 SH   SOLE   3,200 0 7,400
NAUTILUS INC COM 63910B102 1,665 106,031 SH   SOLE   106,031 0 0
NAVIGATOR HOLDINGS LTD SHS COM Y62132108 2,100 166,000 SH   SOLE   166,000 0 0
NAVIGATORS GROUP INC COM COM 638904102 286 5,010 SH   SOLE   0 0 5,010
NAVISTAR INTL CORP COM COM 63934E108 814 20,000 SH   SOLE   20,000 0 0
NBIX 2 1/4 5/15/24 CONVERTIBLE BOND 64125CAD1 342 237,000 PRN   SOLE   237,000 0 0
NEOGEN CORP COM COM 640491106 12,750 159,000 SH   SOLE   159,000 0 0
NEOGENOMICS INC COM NEW COM 64049M209 2,568 195,877 SH   SOLE   195,877 0 0
NETSCOUT SYS INC COM COM 64115T104 1,540 51,850 SH   SOLE   20,900 0 30,950
NICE 1 1/4 1/15/24 CONVERTIBLE BOND 65366HAB9 404 305,000 PRN   SOLE   305,000 0 0
NII HLDGS INC COM PAR $0.001 COM 62913F508 3,159 810,000 SH   SOLE   810,000 0 0
NXP SEMICONDUCTORS N. V. 1.000 CONVERTIBLE BOND 62952QAB6 241 200,000 PRN   SOLE   200,000 0 0
OAKTREE CAP GROUP LLC UNIT CL UNITS 674001201 661 16,261 SH   SOLE   6,061 0 10,200
OCEANEERING INTL INC COM COM 675232102 751 29,500 SH   SOLE   15,600 0 13,900
OCEANFIRST FINL CORP COM COM 675234108 736 24,550 SH   SOLE   24,550 0 0
OCLARO INC COM NEW COM 67555N206 305 34,100 SH   SOLE   14,500 0 19,600
OFG BANCORP COM 67103X102 283 20,150 SH   SOLE   20,150 0 0
OIL DRI CORP AMER COM COM 677864100 5,647 134,000 SH   SOLE   134,000 0 0
OLD LINE BANCSHARES INC COM 67984M100 1,105 31,639 SH   SOLE   31,639 0 0
OMNICELL INC COM COM 68213N109 3,287 62,677 SH   SOLE   50,162 0 12,515
OMNOVA SOLUTIONS INC COM COM 682129101 3,701 355,900 SH   SOLE   355,900 0 0
ON SEMICONDUCTOR CORP COM COM 682189105 556 25,020 SH   SOLE   9,100 0 15,920
OPKO HEALTH INC COM COM 68375N103 1,124 239,100 SH   SOLE   239,100 0 0
OPUS BK IRVINE CALIF COM COM 684000102 215 7,500 SH   SOLE   7,500 0 0
ORBCOMM INC COM COM 68555P100 5,265 521,335 SH   SOLE   521,335 0 0
ORCHIDS PAPER PRODS CO DEL COM COM 68572N104 83 20,900 SH   SOLE   20,900 0 0
ORITANI FINL CORP DEL COM COM 68633D103 959 59,192 SH   SOLE   48,500 0 10,692
ORTHOFIX INTL N V ORD COM N6748L102 2,568 45,200 SH   SOLE   45,200 0 0
OXFORD INDS INC COM COM 691497309 1,054 12,700 SH   SOLE   6,200 0 6,500
PANDORA MEDIA INC COM COM 698354107 1,458 185,039 SH   SOLE   84,739 0 100,300
PARAMOUNT GROUP INC COM COM 69924R108 368 23,900 SH   SOLE   5,700 0 18,200
PARATEK PHARMACEUTICALS INC CO COM 699374302 245 24,000 SH   SOLE   24,000 0 0
PARK ELECTROCHEMICAL CORP COM COM 700416209 3,376 145,580 SH   SOLE   145,580 0 0
PARK OHIO HLDGS CORP COM COM 700666100 6,546 175,500 SH   SOLE   175,500 0 0
PARSLEY ENERGY INC CL A COM 701877102 742 24,500 SH   SOLE   7,100 0 17,400
PATRIOT TRAMSPORTATION HOLDING COM 70338W105 357 17,000 SH   SOLE   17,000 0 0
PATTERSON COMPANIES INC COM 703395103 1,153 50,844 SH   SOLE   21,431 0 29,413
PATTERSON-UTI ENERGY INC COM COM 703481101 1,752 97,325 SH   SOLE   43,079 0 54,246
PCRX 2 3/8 4/1/22 CONVERTIBLE BOND 695127AD2 185 200,000 PRN   SOLE   200,000 0 0
PCSB FINANCIAL CORPORATION COM COM 69324R104 288 14,500 SH   SOLE   14,500 0 0
PDC ENERGY INC COM 69327R101 339 5,600 SH   SOLE   1,700 0 3,900
PENN VA CORP NEW COM COM 70788V102 560 6,600 SH   SOLE   6,600 0 0
PFSWEB INC COM NEW COM 717098206 3,207 329,962 SH   SOLE   329,962 0 0
PHH CORP COM NEW COM 693320202 217 20,000 SH   SOLE   20,000 0 0
PIER 1 IMPORTS INC SHS BEN INT COM 720279108 48 20,000 SH   SOLE   20,000 0 0
PLANTRONICS COM 727493108 938 12,300 SH   SOLE   3,600 0 8,700
POWELL INDS INC COM COM 739128106 700 20,103 SH   SOLE   20,103 0 0
PREFORMED LINE PRODS CO COM COM 740444104 514 5,788 SH   SOLE   5,788 0 0
PRGX GLOBAL INC COM 69357C503 1,535 158,259 SH   SOLE   158,259 0 0
PRIMO WTR CORP COM COM 74165N105 229 13,121 SH   SOLE   13,121 0 0
PROGENICS PHARMACEUTICALS INCO COM 743187106 80 10,000 SH   SOLE   10,000 0 0
PROGRESS SOFTWARE CORP COM COM 743312100 1,380 35,558 SH   SOLE   13,300 0 22,258
PROOFPOINT, INC. 0.750 06/15/ CONVERTIBLE BOND 743424AD5 220 150,000 PRN   SOLE   150,000 0 0
PZENA INVESTMENT MGMT INC CLAS COM 74731Q103 1,455 158,000 SH   SOLE   158,000 0 0
QUIDEL CORP COM COM 74838J101 9,510 143,000 SH   SOLE   143,000 0 0
QUMU CORP COM COM 749063103 43 19,383 SH   SOLE   19,383 0 0
RAVEN INDS INC COM COM 754212108 964 25,080 SH   SOLE   25,080 0 0
READING INTERNATIONAL INC CL B COM 755408200 1,770 73,759 SH   SOLE   73,759 0 0
READING INTL INC CL A COM 755408101 7,781 487,852 SH   SOLE   487,852 0 0
RENASANT CORP COM COM 75970E107 1,683 36,971 SH   SOLE   36,971 0 0
RGC RES INC COM COM 74955L103 1,834 62,850 SH   SOLE   62,850 0 0
RLJ ENTMT INC COM NEW COM 74965F203 1,875 405,000 SH   SOLE   405,000 0 0
RPC INC. COMMON COM 749660106 1,233 84,605 SH   SOLE   84,605 0 0
RTI BIOLOGICS INC COM COM 74975N105 304 66,000 SH   SOLE   66,000 0 0
RUSH ENTERPRISES INC CL A COM 781846209 2,087 48,105 SH   SOLE   40,605 0 7,500
RUSH ENTERPRISES INC CL B COM 781846308 4,566 104,005 SH   SOLE   104,005 0 0
RYMAN HOSPITALITY PPTYS INC CO COM 78377T107 832 10,000 SH   SOLE   10,000 0 0
SAFEGUARD SCIENTIFICS INC COM COM 786449207 666 52,024 SH   SOLE   52,024 0 0
SALEM COMMUNICATIONS CORP DECL COM 794093104 3,116 605,000 SH   SOLE   605,000 0 0
SANFILIPPO JOHN B & SON INC CO COM 800422107 1,677 22,531 SH   SOLE   22,531 0 0
SANOFI-AVENTIS-CVR WARRANT AND RIGH 80105N113 200 400,000 SH   SOLE   400,000 0 0
SCHMITT INDS INC ORE COM NEW COM 806870200 1,641 701,029 SH   SOLE   701,029 0 0
SCHULMAN A INC COM COM 808194104 3,573 80,300 SH   SOLE   52,200 0 28,100
SCIENTIFIC GAMES CORP CL A COM 80874P109 1,032 21,000 SH   SOLE   21,000 0 0
SCRIPPS E W CO OHIO CL A COM 811054402 12,159 908,048 SH   SOLE   908,048 0 0
SHENANDOAH TELECOMMUNICATIONCD COM 82312B106 12,099 370,000 SH   SOLE   370,000 0 0
SHILOH INDS INC COM COM 824543102 470 54,000 SH   SOLE   54,000 0 0
SI FINL GROUP INC MD COM COM 78425V104 153 10,342 SH   SOLE   10,342 0 0
SILVERCREST ASSET MGMT GROUPCL COM 828359109 1,386 85,000 SH   SOLE   85,000 0 0
SIMMONS 1ST NATL CORP CL A $1 COM 828730200 481 16,074 SH   SOLE   16,074 0 0
SINCLAIR BROADCAST GROUP INCCL COM 829226109 1,061 33,000 SH   SOLE   33,000 0 0
SJW GROUP COM 784305104 5,914 89,304 SH   SOLE   89,304 0 0
SKYLINE CHAMPION CORPORATION COM 830830105 3,662 104,500 SH   SOLE   104,500 0 0
SLAB 13/8 3/1/22 CONVERTIBLE BOND 826919AB8 258 211,000 PRN   SOLE   211,000 0 0
SMART SAND INC COM COM 83191H107 53 10,000 SH   SOLE   10,000 0 0
SONIC AUTOMOTIVE INC CL A COM 83545G102 1,370 66,500 SH   SOLE   66,500 0 0
SOUTH JERSEY INDS INC CORP UNI UNITS 838518116 258 4,705 SH   SOLE   4,705 0 0
SOUTH ST CORP COM COM 840441109 276 3,200 SH   SOLE   3,200 0 0
SOUTHERN FIRST BANCSHARES INCO COM 842873101 2,535 57,359 SH   SOLE   57,359 0 0
SOUTHERN NATL BANCORP OF VA CO COM 843395104 737 41,300 SH   SOLE   41,300 0 0
SPARTON CORP COM COM 847235108 2,886 151,987 SH   SOLE   151,987 0 0
SPWR 4 1/15/23 CONVERTIBLE BOND 867652AL3 340 400,000 PRN   SOLE   400,000 0 0
SRE 6 01/15/21 CONVERTIBLE PREF 816851406 262 2,535 SH   SOLE   2,535 0 0
STANDARD MTR PRODS INC CLASS A COM 853666105 5,907 122,200 SH   SOLE   122,200 0 0
STANDEX INTL CORP COM 854231107 2,862 28,000 SH   SOLE   28,000 0 0
STARRETT L S CO CL A COM 855668109 2,285 357,083 SH   SOLE   357,083 0 0
STATE BK FINL CORP COM COM 856190103 2,244 67,200 SH   SOLE   56,800 0 10,400
STEEL CONNECT INC COM 858098106 3,521 1,630,000 SH   SOLE   1,630,000 0 0
STEEL PARTNERS HLDGS L P COM 85814R107 10,683 634,000 SH   SOLE   634,000 0 0
STEELCASE INC CL A COM 858155203 390 28,880 SH   SOLE   8,280 0 20,600
STERIS PLC SHARES COM G84720104 368 3,500 SH   SOLE   3,500 0 0
STERLING BANCORP/DE COM 85917A100 3,380 143,809 SH   SOLE   143,809 0 0
STIFEL FINL CORP COM COM 860630102 916 17,532 SH   SOLE   5,500 0 12,032
STONERIDGE INC COM 86183P102 8,557 243,498 SH   SOLE   243,498 0 0
STRATASYS LTD SHS COM M85548101 306 16,000 SH   SOLE   16,000 0 0
STRATTEC SECURITY CORP. COM 863111100 5,490 179,700 SH   SOLE   179,700 0 0
SUNOPTA INC COM COM 8676EP108 1,769 210,545 SH   SOLE   210,545 0 0
SUPERIOR INDS INTL INC COM 868168105 8,361 467,100 SH   SOLE   467,100 0 0
SURMODICS INC COM COM 868873100 14,555 263,682 SH   SOLE   263,682 0 0
SVB FINL GROUP COM COM 78486Q101 504 1,745 SH   SOLE   148 0 1,597
SWK 5 3/8 5/15/20 CONVERTIBLE PREF 854502887 315 3,007 SH   SOLE   3,007 0 0
S&W SEED CO COM COM 785135104 1,593 490,000 SH   SOLE   490,000 0 0
TEAM INC COM COM 878155100 8,131 352,000 SH   SOLE   352,000 0 0
TEJON RANCH CO DEL COM COM 879080109 4,180 172,000 SH   SOLE   172,000 0 0
TENNANT CO COM 880345103 3,895 49,300 SH   SOLE   49,300 0 0
TENNECO INC COM 880349105 1,627 37,000 SH   SOLE   37,000 0 0
TER 1 1/4 12/15/23 CONVERTIBLE BOND 880770AG7 401 300,000 PRN   SOLE   300,000 0 0
TETRAPHASE PHARMACEUTICALS ICO COM 88165N105 157 44,000 SH   SOLE   44,000 0 0
THESTREET INC COM 88368Q103 153 70,000 SH   SOLE   70,000 0 0
TIMKENSTEEL CORP COM COM 887399103 5,092 311,436 SH   SOLE   311,436 0 0
TITAN INTL INC ILL COM COM 88830M102 376 35,000 SH   SOLE   35,000 0 0
TITAN MACHY INC COM COM 88830R101 2,533 162,888 SH   SOLE   162,888 0 0
TOWER INTL INC COM COM 891826109 1,063 33,425 SH   SOLE   33,425 0 0
TOWNSQUARE MEDIA INC CL A COM 892231101 809 125,007 SH   SOLE   125,007 0 0
TRANSACT TECHNOLOGIES INC COM COM 892918103 1,589 127,100 SH   SOLE   127,100 0 0
TREDEGAR INDS INC COM 894650100 12,312 523,920 SH   SOLE   523,920 0 0
TREE 5/8 6/1/22 CONVERTIBLE BOND 52603BAA5 240 199,000 PRN   SOLE   199,000 0 0
TRINITY BIOTECH PLC SPON ADR N COM 896438306 1,080 216,050 SH   SOLE   216,050 0 0
TRINITY PL HLDGS INC COM COM 89656D101 295 45,023 SH   SOLE   45,023 0 0
TRISTATE CAP HLDGS INC COM COM 89678F100 261 10,000 SH   SOLE   10,000 0 0
TRONC INC COM COM 89703P107 468 27,057 SH   SOLE   27,057 0 0
TRUSTCO BK CORP N Y COM COM 898349105 579 65,000 SH   SOLE   65,000 0 0
TTM TECHNOLOGIES INC COM COM 87305R109 349 19,800 SH   SOLE   8,300 0 11,500
TUESDAY MORNING CORP COM NEW COM 899035505 262 86,000 SH   SOLE   86,000 0 0
TWIN DISC INC COM COM 901476101 10,508 423,354 SH   SOLE   423,354 0 0
TYLER TECHNOLOGIES INC COM COM 902252105 755 3,400 SH   SOLE   3,400 0 0
ULTRA CLEAN HLDGS INC COM COM 90385V107 2,606 157,000 SH   SOLE   157,000 0 0
ULTRALIFE BATTERIES INC COM COM 903899102 240 25,000 SH   SOLE   25,000 0 0
UMPQUA HLDGS CORP COM COM 904214103 472 20,886 SH   SOLE   14,250 0 6,636
UNION BANKSHARES CORP NEW COM COM 90539J109 831 21,380 SH   SOLE   21,380 0 0
UNITED FINANCIAL BANCORP INC COM 910304104 2,940 167,800 SH   SOLE   149,600 0 18,200
UNITED GUARDIAN INC COM COM 910571108 1,511 78,900 SH   SOLE   78,900 0 0
UNIVERSAL TECHNICAL INST INCCO COM 913915104 410 130,000 SH   SOLE   130,000 0 0
UTAH MED PRODS INC COM COM 917488108 551 5,000 SH   SOLE   5,000 0 0
VALUE LINE INC COM 920437100 784 33,089 SH   SOLE   33,089 0 0
VERITEX HLDGS INC COM COM 923451108 2,995 96,400 SH   SOLE   91,800 0 4,600
VERSUM MATLS INC COM COM 92532W103 771 20,741 SH   SOLE   10,047 0 10,694
VIAD CORP COM NEW COM 92552R406 2,023 37,282 SH   SOLE   37,282 0 0
VICOR CORP COM COM 925815102 370 8,500 SH   SOLE   8,500 0 0
VILLAGE SUPER MKT INC CL A NEW COM 927107409 2,085 70,781 SH   SOLE   70,781 0 0
VITAMIN SHOPPE INC COM COM 92849E101 382 55,000 SH   SOLE   55,000 0 0
WABASH NATL CORP COM COM 929566107 1,306 70,000 SH   SOLE   70,000 0 0
WASHINGTON FED INC COM 938824109 835 25,550 SH   SOLE   7,000 0 18,550
WASHINGTON TR BANCORP COM COM 940610108 3,487 60,020 SH   SOLE   49,900 0 10,120
WATERSTONE FINL INC MD COM COM 94188P101 1,673 98,100 SH   SOLE   88,000 0 10,100
WELLS FARGO CV PFD L 7.500 CONVERTIBLE PREF 949746804 251 200 SH   SOLE   200 0 0
WESTERN NEW ENGLAND BANCORP COM 958892101 965 87,760 SH   SOLE   87,760 0 0
WHITING PETE CORP NEW COM COM 966387409 364 6,900 SH   SOLE   2,100 0 4,800
WIDEOPENWEST INC COM COM 96758W101 193 20,000 SH   SOLE   20,000 0 0
WILLAMETTE VY VINEYARD INC COM COM 969136100 197 23,000 SH   SOLE   23,000 0 0
WINDSTREAM CORP COM 97382A309 369 70,000 SH   SOLE   70,000 0 0
WINNEBAGO INDS INC COM COM 974637100 2,781 68,500 SH   SOLE   63,700 0 4,800
WOODWARD INC COM 980745103 419 5,450 SH   SOLE   3,400 0 2,050
WORLD WRESTLING ENTERTAINMENT COM 98156Q108 2,476 34,000 SH   SOLE   34,000 0 0
XO GROUP INC COM COM 983772104 2,400 74,991 SH   SOLE   74,991 0 0
YORK WTR CO COM COM 987184108 1,410 44,337 SH   SOLE   44,337 0 0
ZAGG INC COM COM 98884U108 1,533 88,600 SH   SOLE   88,600 0 0