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
AMERICAS GOLD AND SILVER COR COM 03062D100 4,764 1,805,000 SH   DFND   1,805,000 0 0
AARONS INC COM PAR $0.50 002535300 2,503 44,191 SH   DFND   43,523 0 668
ADVANCE AUTO PARTS INC COM 00751Y106 7,590 49,447 SH   DFND   48,915 0 532
ACACIA RESH CORP ACACIA TCH COM 003881307 8,298 2,391,397 SH   DFND   2,391,397 0 0
ARGAN INC COM 04010E109 10,478 250,000 SH   DFND   250,000 0 0
A H BELO CORP COM CL A 001282102 2,257 1,600,500 SH   DFND   1,375,500 0 225,000
ALBIREO PHARMA INC COM 01345P106 3,337 100,000 SH   DFND   100,000 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 1,145 40,211 SH   DFND   40,211 0 0
ANGIODYNAMICS INC COM 03475V101 1,581 131,116 SH   DFND   128,266 0 2,850
SMITH A O CORP COM 831865209 1,272 24,094 SH   DFND   24,094 0 0
ARTISAN PARTNERS ASSET MGMT CL A 04316A108 8,025 205,833 SH   DFND   205,833 0 0
ACCURAY INC COM 004397105 8,497 3,540,400 SH   DFND   3,370,400 0 170,000
ASSOCIATED BANC CORP COM 045487105 13,584 1,076,367 SH   DFND   1,048,167 0 28,200
Aspen Aerogels Inc COM 04523Y105 1,095 100,000 SH   DFND   100,000 0 0
ASTEC INDS INC COM 046224101 6,701 123,512 SH   DFND   123,512 0 0
ATN INTL INC COM 00215F107 9,239 184,263 SH   DFND   184,263 0 0
AMERICAN VANGUARD CORP COM 030371108 10,054 765,116 SH   DFND   762,475 0 2,641
AVANOS MED INC COM 05350V106 8,554 257,484 SH   DFND   257,484 0 0
BARRETT BUSINESS SVCS INC COM 068463108 8,390 160,000 SH   DFND   160,000 0 0
BUNGE LIMITED COM G16962105 9,024 197,461 SH   DFND   196,058 0 1,403
POPULAR INC COM NEW 733174700 2,473 68,194 SH   DFND   68,194 0 0
BRADY CORP CL A 104674106 7,412 185,202 SH   DFND   185,202 0 0
BERKSHIRE HATHAWY INC DEL CL B NEW 084670702 12,253 57,541 SH   DFND   56,667 0 874
BERRY CORP COM 08579X101 4,286 1,352,000 SH   DFND   1,242,000 0 110,000
CAL MAINE FOODS INC COM NEW 128030202 7,724 201,296 SH   DFND   198,896 0 2,400
CALIX INC COM 13100M509 4,445 250,000 SH   DFND   250,000 0 0
CAPITAL CITY BK GROUP INC COM 139674105 10,163 540,875 SH   DFND   527,115 0 13,760
CROSS CTRY HEALTHCARE INC COM 227483104 5,808 894,984 SH   DFND   894,984 0 0
CENTURY CMNTYS INC COM 156504300 18,496 436,950 SH   DFND   424,350 0 12,600
CECO ENVIRONMENTAL CORP COM 125141101 4,010 550,000 SH   DFND   550,000 0 0
Cloudera Inc COM 18914U100 1,634 150,000 SH   DFND   150,000 0 0
CENTURY BANCORP INC MASS CL A NON VTG 156432106 5,041 76,678 SH   DFND   74,648 0 2,030
CANADIAN NATL RY CO COM 136375102 6,831 64,164 SH   DFND   63,239 0 925
CAPITAL ONE FINL CORP COM 14040H105 2,639 36,718 SH   DFND   36,193 0 525
CABOT OIL & GAS CORP COM 127097103 3,449 198,665 SH   DFND   198,665 0 0
CYRUSONE INC COM 23283R100 816 11,655 SH   DFND   11,217 0 438
COWEN INC CL A New 223622606 10,995 675,800 SH   DFND   646,050 0 29,750
CISCO SYS INC COM 17275R102 7,027 178,397 SH   DFND   175,814 0 2,583
CARRIAGE SVCS INC COM 143905107 2,231 100,000 SH   DFND   100,000 0 0
COMMUNITY TR BANCORP INC COM 204149108 2,895 102,448 SH   DFND   100,648 0 1,800
CARETRUST REIT INC COM 14174T107 5,339 300,000 SH   DFND   300,000 0 0
CUBIC CORP COM 229669106 5,817 100,000 SH   DFND   100,000 0 0
Culp Inc COM 230215105 1,739 140,000 SH   DFND   140,000 0 0
CUTERA INC COM 232109108 949 50,000 SH   DFND   50,000 0 0
CPI AEROSTRUCTURES INC COM NEW 125919308 1,589 592,800 SH   DFND   559,200 0 33,600
DONALDSON INC COM 257651109 5,977 128,753 SH   DFND   128,753 0 0
DISCOVER FINL SVCS COM 254709108 997 17,251 SH   DFND   17,251 0 0
DIGI INTL INC COM 253798102 2,345 150,000 SH   DFND   150,000 0 0
QUEST DIAGNOSTICS INC COM 74834L100 10,351 90,413 SH   DFND   89,371 0 1,042
WISDOMTREE TR INTL SMCAP DIV 97717W760 4,346 72,551 SH   DFND   72,551 0 0
NOW INC COM 67011P100 1,169 257,441 SH   DFND   257,441 0 0
DSP GROUP INC COM 23332B106 5,633 427,391 SH   DFND   427,391 0 0
DZS INC COM 268211109 4,158 443,808 SH   DFND   443,808 0 0
ERIX INC COM NEW 278715206 3,090 150,000 SH   DFND   150,000 0 0
ENCOMPASS HEALTH CORP COM 29261A100 3,142 48,361 SH   DFND   47,766 0 595
EASTMAN CHEM CO COM 277432100 1,882 24,090 SH   DFND   24,090 0 0
ENERPAC TOOL GROUP CORP CL A COM 292765104 6,585 350,073 SH   DFND   350,073 0 0
ENERGY RECOVERY INC COM 29270J100 2,050 250,000 SH   DFND   250,000 0 0
EVOFEM BIOSCIENCES INC COM 30048L104 5,474 2,319,650 SH   DFND   2,208,950 0 110,700
EVERTEC INC COM 30040P103 9,403 270,911 SH   DFND   270,911 0 0
EXELON CORP COM 30161N101 8,388 234,559 SH   DFND   231,711 0 2,848
EZCORP INC CL A NON VTG 302301106 1,509 300,000 SH   DFND   300,000 0 0
FIRSTCASH INC COM 33767D105 9,602 167,830 SH   DFND   166,915 0 915
FREEPORT-MCMORAN INC CL B 35671D857 1,926 123,130 SH   DFND   123,130 0 0
FIRSTENERGY CORP COM 337932107 5,503 191,665 SH   DFND   189,852 0 1,813
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 1,593 50,000 SH   DFND   50,000 0 0
FLOWSERVE CORP COM 34354P105 782 28,648 SH   DFND   28,648 0 0
FEDNAT HLDG CO COM 31431B109 1,075 170,052 SH   DFND   170,052 0 0
FORESTAR GROUP INC COM 346232101 2,327 131,467 SH   DFND   118,564 0 12,903
GLACIER BANCORP INC NEW COM 37637Q105 5,774 180,158 SH   DFND   180,158 0 0
GRIFFON CORP COM 398433102 3,720 190,400 SH   DFND   190,400 0 0
GREAT LAKES DREDGE & DOCK CO COM 390607109 123 12,884 SH   DFND   12,884 0 0
GLATFELTER COM 377316104 5,531 401,646 SH   DFND   401,646 0 0
ACUSHNET HOLDINGS CORP COM 005098108 6,917 205,802 SH   DFND   205,802 0 0
ALPHABET INC CAP STK CL A 02079K305 7,306 4,985 SH   DFND   4,914 0 71
GORMAN RUPP CO COM 383082104 8,052 273,335 SH   DFND   270,950 0 2,385
U S GLOBAL INVS INC CL A 902952100 1,309 550,000 SH   DFND   550,000 0 0
GSI TECHNOLOGY COM 36241U106 3,229 572,600 SH   DFND   528,500 0 44,100
TRIPLE-S MGMT CORP CL B 896749108 9,182 513,798 SH   DFND   511,146 0 2,652
HAIN CELESTIAL GROUP INC COM 405217100 10,952 319,298 SH   DFND   319,298 0 0
HARVARD BIOSCIENCE INC COM 416906105 2,894 961,400 SH   DFND   961,400 0 0
HOLLY FRONTIER CORP COM 436106108 2,019 102,450 SH   DFND   99,543 0 2,907
HERITAGE FINL CORP WASH COM 42722X106 5,517 300,000 SH   DFND   300,000 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 564 15,303 SH   DFND   15,303 0 0
HUNTINGTON INGALLS INDS INC COM 446413106 1,756 12,473 SH   DFND   12,473 0 0
HILTON WORLDWIDE HLDGS INC COM 43300A203 4,087 47,897 SH   DFND   47,444 0 453
HOOKER FURNITURE CORP COM 439038100 1,937 75,000 SH   DFND   75,000 0 0
HARLEY DAVIDSON INC COM 412822108 1,227 50,000 SH   DFND   50,000 0 0
HERON THERAPEUTICS INC COM 427746102 5,558 375,000 SH   DFND   375,000 0 0
HUDSON GLOBAL INC COM NEW 443787205 3,828 395,658 SH   DFND   379,377 0 16,281
HealthStream Inc COM 42222N103 973 48,467 SH   DFND   46,648 0 1,819
HEARTLAND EXPRESS INC COM 422347104 7,181 386,063 SH   DFND   386,063 0 0
IAMGOLD CORP COM 450913108 3,935 1,027,500 SH   DFND   1,027,500 0 0
INTERDIGITAL INC COM 45867G101 6,455 113,121 SH   DFND   113,121 0 0
INTELLICHECK INC COM NEW 45817G201 3,335 500,000 SH   DFND   500,000 0 0
FIRST INTERNET BANCORP COM 320557101 5,457 370,471 SH   DFND   348,071 0 22,400
INDEPENDENT BANK CORP MASS COM 453836108 6,742 128,708 SH   DFND   128,708 0 0
IDENTIV INC COM NEW 45170X205 475 75,820 SH   DFND   75,820 0 0
INVESTORS REAL ESTATE TR SH BEN INT 461730509 2,607 40,000 SH   DFND   40,000 0 0
JAZZ PHARMACEUTICALS PLC SHS USD G50871105 11,407 80,000 SH   DFND   80,000 0 0
JOHNSON & JOHNSON COM 478160104 8,705 58,471 SH   DFND   57,638 0 833
KENNAMETAL INC COM 489170100 12,672 437,857 SH   DFND   434,770 0 3,087
KNOWLES CORP COM 49926D109 4,599 308,653 SH   DFND   308,653 0 0
KRATOS DEFENSE & SEC SOLUTIO COM NEW 50077B207 13,088 678,842 SH   DFND   678,842 0 0
KENNEDY-WILSON HOLDINGS INC COM 489398107 10,908 751,250 SH   DFND   751,250 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 10,219 154,438 SH   DFND   154,438 0 0
LAWSON PRODS INC COM 520776105 570 13,900 SH   DFND   9,050 0 4,850
LINCOLN ELEC HLDGS INC COM 533900106 9,374 101,849 SH   DFND   100,759 0 1,090
LINDE PLC SHS G5494J103 1,701 7,144 SH   DFND   6,809 0 335
LINCOLN EDL SVCS CORP COM 533535100 15,194 2,752,561 SH   DFND   2,597,261 0 155,300
LIMELIGHT NEWTWORKS INC COM 53261M104 2,880 500,000 SH   DFND   500,000 0 0
LANDEC CORP COM 514766104 12,022 1,236,815 SH   DFND   1,171,425 0 65,390
GRAND CANYON ED INC COM 38526M106 3,536 44,238 SH   DFND   43,363 0 875
MANPOWERGROUP INC COM 56418H100 6,476 88,308 SH   DFND   87,358 0 950
MARCHEX INC CL B 56624R108 2,878 1,357,496 SH   DFND   1,357,496 0 0
M D C HLDGS INC COM 552676108 7,865 166,975 SH   DFND   160,925 0 6,050
MEDTRONIC PLC SHS G5960L103 3,821 36,764 SH   DFND   36,217 0 547
MDU RES GROUP INC COM 552690109 9,672 429,846 SH   DFND   411,446 0 18,400
Mayville Engineering Co Inc COM 578605107 919 100,000 SH   DFND   100,000 0 0
TRXADE GROUP INC COM NEW 89846A207 1,875 300,000 SH   DFND   300,000 0 0
Methode Electrs Inc COM 591520200 5,573 195,551 SH   DFND   195,551 0 0
MOHAWK INDS INC COM 608190104 446 4,566 SH   DFND   4,566 0 0
MITEK SYS INC COM NEW 606710200 2,391 187,700 SH   DFND   187,700 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 6,200 447,630 SH   DFND   414,530 0 33,100
MOTORCAR PTS AMER INC COM 620071100 6,227 400,200 SH   DFND   400,200 0 0
MARTEN TRANS LTD COM 573075108 2,448 150,000 SH   DFND   150,000 0 0
MICRO STRATEGY INC CL A NEW 594972408 9,770 64,893 SH   DFND   64,893 0 0
MGIC INVT CORP WIS COM 552848103 14,471 1,633,300 SH   DFND   1,591,600 0 41,700
MATERION CORP COM 576690101 4,545 87,363 SH   DFND   87,363 0 0
NCR CORP NEW COM 62886E108 4,925 222,450 SH   DFND   206,350 0 16,100
NATIONAL FUEL GAS CO N J COM 636180101 4,518 111,300 SH   DFND   106,000 0 5,300
NATIONAL OILWELL VARCO INC COM 637071101 1,865 205,851 SH   DFND   205,851 0 0
nVent Electric PLC SHS G6700G107 1,520 85,943 SH   DFND   85,943 0 0
NORTHWEST PIPE CO COM 667746101 10,573 399,575 SH   DFND   390,775 0 8,800
Nexstar Media Group Inc CL A 65336K103 1,424 15,840 SH   DFND   15,840 0 0
ORBITAL ENERGY GROUP INC COM 68559A109 629 1,015,000 SH   DFND   1,015,000 0 0
ORION ENERGY SYSTEMS INC COM 686275108 6,684 883,000 SH   DFND   838,600 0 44,400
OMNICOM GROUP INC COM 681919106 725 14,656 SH   DFND   14,656 0 0
ON SEMICONDUCTOR CORP COM 682189105 3,140 144,784 SH   DFND   143,488 0 1,296
OLD NATL BANCORP IND COM 680033107 4,521 359,991 SH   DFND   359,991 0 0
ORACLE CORP COM 68389X105 5,432 90,992 SH   DFND   89,460 0 1,532
OLD REP INTL CORP COM 680223104 10,516 713,452 SH   DFND   708,277 0 5,175
PHILBRO ANIMAL HEALTH CORP CL A COM 71742Q106 6,451 370,749 SH   DFND   370,749 0 0
POTLATCHDELTIC CORPORATION COM 737630103 17,422 413,817 SH   DFND   413,817 0 0
Purecycle Corporation COM NEW 746228303 3,604 400,000 SH   DFND   400,000 0 0
PATTERSON COS INC COM 703395103 7,235 300,150 SH   DFND   282,950 0 17,200
PERMA-FIX ENVIRONMENTAL SVCS COM NEW 714157203 9,529 1,351,630 SH   DFND   1,240,130 0 111,500
PARKER HANNIFIN CORP COM 701094104 924 4,565 SH   DFND   4,565 0 0
PHOTRONICS INC COM 719405102 6,305 633,000 SH   DFND   586,700 0 46,300
PNC FINL SVCS GROUP INC COM 693475105 5,824 52,988 SH   DFND   52,221 0 767
PENTAIR PLC SHS G7S00T104 4,577 100,000 SH   DFND   100,000 0 0
PORTLAND GEN ELECTRIC CO COM NEW 736508847 1,827 51,462 SH   DFND   51,462 0 0
POWELL INDS INC COM 739128106 2,103 87,155 SH   DFND   87,155 0 0
PERRIGO CO PLC SHS G97822103 1,035 22,545 SH   DFND   22,545 0 0
PUBLIC STORAGE COM 74460D109 9,548 42,869 SH   DFND   42,378 0 491
PS BUSINESS PKS INC CALIF COM 69360J107 2,395 19,572 SH   DFND   19,572 0 0
PRETIUM RES INC COM 74139C102 14,971 1,165,950 SH   DFND   1,113,550 0 52,400
PIONEER NAT RES CO COM 723787107 2,823 32,824 SH   DFND   32,824 0 0
PIXELWORKS INC COM NEW 72581M305 2,050 1,000,000 SH   DFND   1,000,000 0 0
QUANTUM CORP COM NEW 747906501 3,680 800,000 SH   DFND   800,000 0 0
REGAL BELOIT CORP COM 758750103 1,788 19,052 SH   DFND   19,052 0 0
RENT A CTR INC NEW COM 76009N100 1,495 50,000 SH   DFND   50,000 0 0
RCM TECHNOLOGIES INC COM NEW 749360400 589 417,529 SH   DFND   417,529 0 0
RADIAN GROUP INC COM 750236101 12,045 824,450 SH   DFND   798,050 0 26,400
REINSURANCE GRP AMER INC COM NEW 759351604 1,603 16,837 SH   DFND   16,562 0 275
RYMAN HOSPITALITY PPTYS INC COM 78377T107 4,484 121,847 SH   DFND   121,847 0 0
B RILEY FINL INC COM 05580M108 9,037 360,612 SH   DFND   360,612 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 6,891 94,714 SH   DFND   93,739 0 975
RALPH LAUREN CORP CL A 751212101 6,293 92,578 SH   DFND   92,578 0 0
SONIC AUTOMOTIVE INC CL A 83545G102 14,055 349,979 SH   DFND   349,979 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 4,636 257,130 SH   DFND   257,130 0 0
SCHNITZER STL INDS CL A 806882106 5,154 268,014 SH   DFND   265,881 0 2,133
SCHWAB CHARLES CORP COM 808513105 10,590 292,312 SH   DFND   288,888 0 3,424
SHYFT GROUP INC COM 825698103 9,440 500,000 SH   DFND   500,000 0 0
SEMTECH CORP COM 816850101 4,912 92,751 SH   DFND   92,751 0 0
SMTC CORP COM NEW 832682207 2,172 600,000 SH   DFND   600,000 0 0
SANOFI SPONSORED ADR 80105N105 4,960 98,868 SH   DFND   97,253 0 1,615
SPECTRUM BRANDS HLDGS INC NE COM 84790A105 14,218 248,740 SH   DFND   248,740 0 0
SPARK ENERGY INC CL A COM 846511103 5,327 640,250 SH   DFND   578,750 0 61,500
STERICYCLE INC COM 858912108 5,544 87,915 SH   DFND   86,952 0 963
SERVICESOURCE INTL INC COM 81763U100 588 400,000 SH   DFND   400,000 0 0
STERLING CONSTRUCTION CO INC COM 859241101 3,186 225,000 SH   DFND   225,000 0 0
SUNCOR ENERGY INC NEW COM 867224107 1,649 134,850 SH   DFND   129,898 0 4,952
SKYWORKS SOLUTIONS INC COM 83088M102 6,323 43,460 SH   DFND   42,933 0 527
SENSIENT TECHNOLOGIES CORP COM 81725T100 10,174 176,202 SH   DFND   176,202 0 0
STOCK YDS BANCORP INC COM 861025104 4,653 136,706 SH   DFND   134,381 0 2,325
BANCORP INC DEL COM 05969A105 7,587 878,075 SH   DFND   832,675 0 45,400
TRICO BANCSHARES COM 896095106 8,572 350,000 SH   DFND   350,000 0 0
TECNOGLASS INC SHS G87264100 1,929 363,902 SH   DFND   363,902 0 0
HANOVER INS GROUP INC COM 410867105 7,193 77,198 SH   DFND   77,198 0 0
THOR INDS INC COM 885160101 3,907 41,018 SH   DFND   40,718 0 300
TREEHOUSE FOODS INC COM 89469A104 7,924 195,518 SH   DFND   195,518 0 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 995 492,397 SH   DFND   492,397 0 0
TRISTATE CAP HLDGS INC COM 89678F100 6,689 505,200 SH   DFND   466,800 0 38,400
AMERCO COM 023586100 4,130 11,601 SH   DFND   11,601 0 0
UMB FINL CORP COM 902788108 12,979 264,830 SH   DFND   264,830 0 0
UNILEVER N V N Y SHS NEW 904784709 7,132 118,079 SH   DFND   115,964 0 2,115
VONAGE HLDGS CORP COM 92886T201 12,475 1,219,500 SH   DFND   1,178,050 0 41,450
VISTRA ENERGY CORP COM 92840M102 16,927 897,500 SH   DFND   866,800 0 30,700
Viad Corp COM NEW 92552R406 2,550 122,400 SH   DFND   114,400 0 8,000
VERIZON COMMUNICATIONS INC COM 92343V104 3,729 62,681 SH   DFND   60,446 0 2,235
WADDELL & REED FINL INC CL A 930059100 7,694 518,100 SH   DFND   485,150 0 32,950
WISDOMTREE INVTS INC COM 97717P104 1,600 500,000 SH   DFND   500,000 0 0
WORTHINGTON INDS INC COM 981811102 4,614 113,132 SH   DFND   113,132 0 0
Westport Fuel Systems Inc COM NEW 960908309 978 600,000 SH   DFND   600,000 0 0
WESTROCK CO COM 96145D105 5,760 165,800 SH   DFND   160,250 0 5,550
WESTERN UN CO COM 959802109 1,259 58,759 SH   DFND   58,759 0 0
DENTSPLY SIRONA INC COM 24906P109 7,824 178,912 SH   DFND   177,286 0 1,626
ZAGG INC COM 98884U108 1,120 400,000 SH   DFND   400,000 0 0
ZOVIO INC COM 98979V102 10,465 2,616,200 SH   DFND   2,410,200 0 206,000