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 4,545 1,410,000 SH   DFND   1,410,000 0 0
ADVANCE AUTO PARTS INC COM 00751Y106 9,639 61,199 SH   DFND   61,199 0 0
ACACIA RESH CORP ACACIA TCH COM 003881307 7,486 1,900,000 SH   DFND   1,900,000 0 0
ARGAN INC COM 04010E109 6,674 150,000 SH   DFND   150,000 0 0
A H BELO CORP COM CL A 001282102 2,091 1,384,585 SH   DFND   1,169,585 0 215,000
ALBIREO PHARMA INC COM 01345P106 2,626 70,000 SH   DFND   70,000 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 1,613 53,782 SH   DFND   53,782 0 0
ANGIODYNAMICS INC COM 03475V101 5,264 343,368 SH   DFND   343,368 0 0
SMITH A O CORP COM 831865209 3,747 68,343 SH   DFND   68,343 0 0
ARTISAN PARTNERS ASSET MGMT CL A 04316A108 9,067 180,115 SH   DFND   180,115 0 0
ACCURAY INC COM 004397105 14,784 3,545,400 SH   DFND   3,382,900 0 162,500
ASSOCIATED BANC CORP COM 045487105 14,847 870,800 SH   DFND   843,800 0 27,000
ASTEC INDS INC COM 046224101 5,953 102,856 SH   DFND   102,856 0 0
ATN INTL INC COM 00215F107 7,735 185,219 SH   DFND   185,219 0 0
AMERICAN VANGUARD CORP COM 030371108 11,069 713,189 SH   DFND   713,189 0 0
AVANOS MED INC COM 05350V106 10,623 231,533 SH   DFND   231,533 0 0
BARRETT BUSINESS SVCS INC COM 068463108 10,232 150,000 SH   DFND   150,000 0 0
BUNGE LIMITED COM G16962105 6,817 103,944 SH   DFND   103,944 0 0
POPULAR INC COM NEW 733174700 5,249 93,205 SH   DFND   93,205 0 0
BRADY CORP CL A 104674106 10,872 205,840 SH   DFND   205,840 0 0
BERKSHIRE HATHAWY INC DEL CL B NEW 084670702 4,424 19,079 SH   DFND   19,079 0 0
BERRY CORP COM 08579X101 5,113 1,389,400 SH   DFND   1,270,200 0 119,200
CALERES INC COM 129500104 4,695 300,000 SH   DFND   300,000 0 0
CAL MAINE FOODS INC COM NEW 128030202 7,918 210,912 SH   DFND   210,912 0 0
CALIX INC COM 13100M509 4,464 150,000 SH   DFND   150,000 0 0
CARDTRONICS PLC SHS CL A G1991C105 1,765 50,000 SH   DFND   50,000 0 0
CAPITAL CITY BK GROUP INC COM 139674105 13,275 540,075 SH   DFND   526,825 0 13,250
CROSS CTRY HEALTHCARE INC COM 227483104 8,443 951,898 SH   DFND   951,898 0 0
CENTURY CMNTYS INC COM 156504300 18,937 432,550 SH   DFND   421,650 0 10,900
CECO ENVIRONMENTAL CORP COM 125141101 3,828 550,000 SH   DFND   550,000 0 0
CHAMPIONX CORPORATION COM 15872M104 10,556 689,966 SH   DFND   689,966 0 0
CLOUDERA INC COM 18914U100 10,938 786,350 SH   DFND   757,850 0 28,500
COMCAST CORP NEW CL A 20030N101 2,907 55,468 SH   DFND   55,468 0 0
CENTURY BANCORP INC CL A NON VTG 156432106 5,384 69,600 SH   DFND   69,600 0 0
CANADIAN NATL RY CO COM 136375102 2,489 22,660 SH   DFND   22,660 0 0
CAPITAL ONE FINL CORP COM 14040H105 1,331 13,466 SH   DFND   13,466 0 0
CABOT OIL & GAS CORP COM 127097103 2,288 140,562 SH   DFND   140,562 0 0
COWEN INC CL A New 223622606 16,736 643,950 SH   DFND   629,450 0 14,500
CISCO SYS INC COM 17275R102 2,768 61,860 SH   DFND   61,860 0 0
CENTERSPACE COM 15202L107 2,826 40,000 SH   DFND   40,000 0 0
CARRIAGE SVCS INC COM 143905107 3,132 100,000 SH   DFND   100,000 0 0
COMMUNITY TR BANCORP INC COM 204149108 1,613 43,544 SH   DFND   43,544 0 0
CARETRUST REIT INC COM 14174T107 6,654 300,000 SH   DFND   300,000 0 0
CULP INC COM 230215105 1,328 83,700 SH   DFND   83,700 0 0
CUTERA INC COM 232109108 1,206 50,000 SH   DFND   50,000 0 0
COVENANT LOGISTICS GROUP INC CL A 22284P105 4,443 300,000 SH   DFND   300,000 0 0
CPI AEROSTRUCTURES INC COM NEW 125919308 2,269 592,400 SH   DFND   560,400 0 32,000
DONALDSON INC COM 257651109 4,323 77,355 SH   DFND   77,355 0 0
DISCOVER FINL SVCS COM 254709108 3,698 40,853 SH   DFND   40,853 0 0
DIGI INTL INC COM 253798102 2,835 150,000 SH   DFND   150,000 0 0
QUEST DIAGNOSTICS INC COM 74834L100 9,691 81,321 SH   DFND   81,321 0 0
WISDOMTREE TR INTL SMCAP DIV 97717W760 3,353 49,235 SH   DFND   49,235 0 0
DSP GROUP INC COM 23332B106 6,839 412,261 SH   DFND   412,261 0 0
DZS INC COM 268211109 4,247 274,557 SH   DFND   274,557 0 0
ERIX INC COM NEW 278715206 5,696 150,000 SH   DFND   150,000 0 0
US ECOLOGY INC COM 91734M103 3,633 100,000 SH   DFND   100,000 0 0
ENCOMPASS HEALTH CORP COM 29261A100 10,757 130,084 SH   DFND   130,084 0 0
EASTMAN CHEM CO COM 277432100 2,905 28,969 SH   DFND   28,969 0 0
ENERPAC TOOL GROUP CORP CL A COM 292765104 8,385 370,836 SH   DFND   370,836 0 0
EVOFEM BIOSCIENCES INC COM 30048L104 6,198 2,571,900 SH   DFND   2,383,500 0 188,400
EVERTEC INC COM 30040P103 6,390 162,503 SH   DFND   162,503 0 0
EXELON CORP COM 30161N101 7,749 183,546 SH   DFND   183,546 0 0
EZCORP INC CL A NON VTG 302301106 3,353 700,000 SH   DFND   700,000 0 0
FIRSTCASH INC COM 33767D105 11,988 171,163 SH   DFND   171,163 0 0
FREEPORT-MCMORAN INC CL B 35671D857 4,325 166,229 SH   DFND   166,229 0 0
FIRSTENERGY CORP COM 337932107 5,190 169,562 SH   DFND   169,562 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 2,039 50,000 SH   DFND   50,000 0 0
FLOWSERVE CORP COM 34354P105 3,576 97,033 SH   DFND   97,033 0 0
FORESTAR GROUP INC COM 346232101 3,032 150,250 SH   DFND   139,050 0 11,200
GATX CORP COM 361448103 3,327 40,000 SH   DFND   40,000 0 0
GLACIER BANCORP INC NEW COM 37637Q105 8,761 190,407 SH   DFND   190,407 0 0
GRIFFON CORP COM 398433102 4,196 205,905 SH   DFND   205,905 0 0
GREAT LAKES DREDGE & DOCK CO COM 390607109 1,317 100,000 SH   DFND   100,000 0 0
ACUSHNET HOLDINGS CORP COM 005098108 7,307 180,236 SH   DFND   180,236 0 0
ALPHABET INC CAP STK CL A 02079K305 3,051 1,741 SH   DFND   1,741 0 0
GORMAN RUPP CO COM 383082104 8,188 252,318 SH   DFND   243,418 0 8,900
U S GLOBAL INVS INC CL A 902952100 3,406 625,000 SH   DFND   625,000 0 0
GSI TECHNOLOGY COM 36241U106 3,330 450,000 SH   DFND   450,000 0 0
TRIPLE-S MGMT CORP CL B 896749108 7,043 329,893 SH   DFND   329,893 0 0
HAIN CELESTIAL GROUP INC COM 405217100 8,271 206,010 SH   DFND   206,010 0 0
HARVARD BIOSCIENCE INC COM 416906105 4,124 961,400 SH   DFND   961,400 0 0
HOLLY FRONTIER CORP COM 436106108 1,795 69,427 SH   DFND   69,427 0 0
HERITAGE FINL CORP WASH COM 42722X106 7,017 300,000 SH   DFND   300,000 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 5,980 122,086 SH   DFND   122,086 0 0
HUNTINGTON INGALLS INDS INC COM 446413106 1,990 11,675 SH   DFND   11,675 0 0
HIGHWOODS PPTYS INC COM 431284108 6,775 170,950 SH   DFND   163,950 0 7,000
HILTON WORLDWIDE HLDGS INC COM 43300A203 6,779 60,930 SH   DFND   60,930 0 0
HOOKER FURNITURE CORP COM 439038100 3,225 100,000 SH   DFND   100,000 0 0
HERON THERAPEUTICS INC COM 427746102 4,233 200,000 SH   DFND   200,000 0 0
HUDSON GLOBAL INC COM NEW 443787205 4,087 389,285 SH   DFND   374,845 0 14,440
HEALTHSTREAM INC COM 42222N103 975 44,651 SH   DFND   44,651 0 0
HEARTLAND EXPRESS INC COM 422347104 6,518 360,125 SH   DFND   360,125 0 0
HYSTER YALE MATLS HANDLING I CL A 449172105 5,803 97,450 SH   DFND   97,450 0 0
IAMGOLD CORP COM 450913108 101 27,500 SH   DFND   27,500 0 0
INTERDIGITAL INC COM 45867G101 6,247 102,948 SH   DFND   102,948 0 0
INTELLICHECK INC COM NEW 45817G201 5,703 500,000 SH   DFND   500,000 0 0
IMMERSION CORP COM 452521107 3,952 350,000 SH   DFND   350,000 0 0
FIRST INTERNET BANCORP COM 320557101 10,484 364,771 SH   DFND   343,471 0 21,300
INDEPENDENT BANK CORP MASS COM 453836108 11,277 154,398 SH   DFND   154,398 0 0
ISHARES TR CORE S&P US VLU 464287663 347 5,577 SH   DFND   5,577 0 0
JAZZ PHARMACEUTICALS PLC SHS USD G50871105 11,554 70,000 SH   DFND   70,000 0 0
JOHNSON & JOHNSON COM 478160104 3,178 20,191 SH   DFND   20,191 0 0
KENNAMETAL INC COM 489170100 18,356 506,502 SH   DFND   506,502 0 0
KNOWLES CORP COM 49926D109 6,641 360,326 SH   DFND   360,326 0 0
LAKELAND INDS INC COM 511795106 2,725 100,000 SH   DFND   100,000 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 12,859 154,520 SH   DFND   154,520 0 0
LAWSON PRODS INC COM 520776105 301 5,916 SH   DFND   4,097 0 1,819
LINCOLN ELEC HLDGS INC COM 533900106 9,035 77,724 SH   DFND   77,724 0 0
LINDE PLC SHS G5494J103 2,640 10,019 SH   DFND   10,019 0 0
LINCOLN EDL SVCS CORP COM 533535100 17,841 2,744,774 SH   DFND   2,596,074 0 148,700
LIMELIGHT NEWTWORKS INC COM 53261M104 2,195 550,000 SH   DFND   550,000 0 0
LANDEC CORP COM 514766104 13,396 1,234,690 SH   DFND   1,174,300 0 60,390
GRAND CANYON ED INC COM 38526M106 1,948 20,923 SH   DFND   20,923 0 0
MANPOWERGROUP INC COM 56418H100 8,273 91,744 SH   DFND   91,744 0 0
MASTERCRAFT BOAT HLDGS INC COM 57637H103 5,962 240,000 SH   DFND   240,000 0 0
MARCHEX INC CL B 56624R108 1,997 1,018,707 SH   DFND   1,018,707 0 0
M D C HLDGS INC COM 552676108 4,882 100,450 SH   DFND   100,450 0 0
MEDTRONIC PLC SHS G5960L103 1,569 13,395 SH   DFND   13,395 0 0
MDU RES GROUP INC COM 552690109 17,179 652,188 SH   DFND   636,188 0 16,000
MAYVILLE ENGINEERING CO INC COM 578605107 2,080 155,000 SH   DFND   155,000 0 0
TRXADE GROUP INC COM NEW 89846A207 1,323 250,000 SH   DFND   250,000 0 0
METHODE ELECTRS INC COM 591520200 10,632 277,750 SH   DFND   277,750 0 0
MOHAWK INDS INC COM 608190104 3,004 21,314 SH   DFND   21,314 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 12,130 700,350 SH   DFND   668,050 0 32,300
MOTORCAR PTS AMER INC COM 620071100 5,396 275,000 SH   DFND   275,000 0 0
MARTEN TRANS LTD COM 573075108 2,585 150,000 SH   DFND   150,000 0 0
MICROSTRATEGY INC CL A NEW 594972408 17,998 46,320 SH   DFND   46,320 0 0
MGIC INVT CORP WIS COM 552848103 16,861 1,343,500 SH   DFND   1,312,900 0 30,600
MATERION CORP COM 576690101 7,545 118,414 SH   DFND   118,414 0 0
MATRIX SVC CO COM 576853105 1,852 168,060 SH   DFND   168,060 0 0
NCR CORP NEW COM 62886E108 5,636 150,000 SH   DFND   150,000 0 0
NATIONAL FUEL GAS CO N J COM 636180101 5,203 126,500 SH   DFND   117,600 0 8,900
NATIONAL OILWELL VARCO INC COM 637071101 6,398 465,974 SH   DFND   465,974 0 0
NVENT ELECTRIC PLC SHS G6700G107 5,412 232,377 SH   DFND   223,777 0 8,600
NORTHWEST PIPE CO COM 667746101 11,297 399,175 SH   DFND   390,675 0 8,500
NEXSTAR MEDIA GROUP INC CL A 65336K103 2,221 20,342 SH   DFND   20,342 0 0
ORION ENERGY SYSTEMS INC COM 686275108 9,003 912,200 SH   DFND   859,000 0 53,200
ORTHOFIX MED INC COM 68752M108 4,298 100,000 SH   DFND   100,000 0 0
OMNICOM GROUP INC COM 681919106 1,183 18,960 SH   DFND   18,960 0 0
ON SEMICONDUCTOR CORP COM 682189105 6,043 184,646 SH   DFND   184,646 0 0
OLD NATL BANCORP IND COM 680033107 6,819 411,791 SH   DFND   411,791 0 0
ORACLE CORP COM 68389X105 2,363 36,530 SH   DFND   36,530 0 0
OLD REP INTL CORP COM 680223104 15,363 779,453 SH   DFND   779,453 0 0
PHILBRO ANIMAL HEALTH CORP CL A COM 71742Q106 8,503 437,863 SH   DFND   437,863 0 0
POTLATCHDELTIC CORPORATION COM 737630103 20,445 408,739 SH   DFND   408,739 0 0
PURE CYCLE CORP COM NEW 746228303 5,615 500,000 SH   DFND   500,000 0 0
PATTERSON COS INC COM 703395103 8,870 299,350 SH   DFND   282,850 0 16,500
PERMA-FIX ENVIRONMENTAL SVCS COM NEW 714157203 8,075 1,352,530 SH   DFND   1,246,030 0 106,500
PARKER-HANNIFIN CORP COM 701094104 1,182 4,340 SH   DFND   4,340 0 0
PARK AEROSPACE CORP COM 70014A104 4,488 334,648 SH   DFND   334,648 0 0
PHOTRONICS INC COM 719405102 10,082 903,400 SH   DFND   852,250 0 51,150
PNC FINL SVCS GROUP INC COM 693475105 2,811 18,865 SH   DFND   18,865 0 0
PENTAIR PLC SHS G7S00T104 5,309 100,000 SH   DFND   100,000 0 0
PORTLAND GEN ELEC CO COM NEW 736508847 2,200 51,448 SH   DFND   51,448 0 0
PPG INDS INC COM 693506107 2,219 15,389 SH   DFND   15,389 0 0
PERRIGO CO PLC SHS G97822103 2,753 61,553 SH   DFND   61,553 0 0
PUBLIC STORAGE COM 74460D109 10,979 47,542 SH   DFND   47,542 0 0
PS BUSINESS PKS INC CALIF COM 69360J107 8,690 65,402 SH   DFND   65,402 0 0
PRETIUM RES INC COM 74139C102 13,087 1,140,000 SH   DFND   1,097,000 0 43,000
PIONEER NAT RES CO COM 723787107 4,948 43,446 SH   DFND   43,446 0 0
QUANTUM CORP COM NEW 747906501 4,056 662,755 SH   DFND   662,755 0 0
REGAL BELOIT CORP COM 758750103 2,852 23,226 SH   DFND   23,226 0 0
RENT A CTR INC NEW COM 76009N100 4,786 125,000 SH   DFND   125,000 0 0
RADIAN GROUP INC COM 750236101 16,418 810,750 SH   DFND   791,050 0 19,700
REINSURANCE GRP OF AMERICA I COM NEW 759351604 6,693 57,751 SH   DFND   57,751 0 0
ROYAL GOLD INC COM 780287108 3,826 35,971 SH   DFND   35,971 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 7,798 115,090 SH   DFND   115,090 0 0
B. RILEY FINANCIAL INC COM 05580M108 17,078 386,200 SH   DFND   386,200 0 0
RAYMOND JAMES FINL INC COM 754730109 9,921 103,699 SH   DFND   103,699 0 0
RALPH LAUREN CORP CL A 751212101 9,607 92,608 SH   DFND   92,608 0 0
SANDERSON FARMS INC COM 800013104 3,383 25,593 SH   DFND   25,593 0 0
SONIC AUTOMOTIVE INC CL A 83545G102 11,707 303,525 SH   DFND   303,525 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 9,849 334,442 SH   DFND   334,442 0 0
SCHNITZER STEEL INDS INC CL A 806882106 9,271 290,524 SH   DFND   290,524 0 0
SCHWAB CHARLES CORP COM 808513105 12,655 238,599 SH   DFND   238,599 0 0
SCIPLAY CORPORATION CL A 809087109 1,524 110,000 SH   DFND   110,000 0 0
SHYFT GROUP INC COM 825698103 11,352 400,000 SH   DFND   400,000 0 0
SMTC CORP COM NEW 832682207 4,504 908,000 SH   DFND   834,100 0 73,900
SANOFI SPONSORED ADR 80105N105 1,506 30,984 SH   DFND   30,984 0 0
SPECTRUM BRANDS HLDGS INC NE COM 84790A105 17,917 226,859 SH   DFND   226,859 0 0
SPARK ENERGY INC CL A COM 846511103 5,487 573,340 SH   DFND   536,540 0 36,800
STERICYCLE INC COM 858912108 6,422 92,626 SH   DFND   92,626 0 0
SERVICESOURCE INTL INC COM 81763U100 1,056 600,000 SH   DFND   600,000 0 0
STATE AUTO FINL CORP COM 855707105 4,435 250,000 SH   DFND   250,000 0 0
STERLING CONSTR INC COM 859241101 4,187 225,000 SH   DFND   225,000 0 0
SUNCOR ENERGY INC NEW COM 867224107 1,282 76,371 SH   DFND   76,371 0 0
SIERRA WIRELESS INC COM 826516106 2,922 200,000 SH   DFND   200,000 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 5,644 36,916 SH   DFND   36,916 0 0
SCHWEITZER-MAUDUIT INTL INC COM 808541106 3,926 97,638 SH   DFND   97,638 0 0
SENSIENT TECHNOLOGIES CORP COM 81725T100 7,592 102,916 SH   DFND   102,916 0 0
STOCK YDS BANCORP INC COM 861025104 2,317 57,229 SH   DFND   57,229 0 0
BANCORP INC DEL COM 05969A105 11,511 843,325 SH   DFND   812,225 0 31,100
TRICO BANCSHARES COM 896095106 7,056 200,000 SH   DFND   200,000 0 0
TECNOGLASS INC SHS G87264100 2,764 400,000 SH   DFND   400,000 0 0
HANOVER INS GROUP INC COM 410867105 9,024 77,180 SH   DFND   77,180 0 0
THOR INDS INC COM 885160101 17,362 186,713 SH   DFND   183,488 0 3,225
TREEHOUSE FOODS INC COM 89469A104 6,562 154,445 SH   DFND   154,445 0 0
TRIMAS CORP COM NEW 896215209 1,957 61,794 SH   DFND   61,794 0 0
TRISTATE CAP HLDGS INC COM 89678F100 8,770 504,050 SH   DFND   467,050 0 37,000
UNIFI INC COM NEW 904677200 1,011 57,006 SH   DFND   57,006 0 0
AMERCO COM 023586100 8,675 19,110 SH   DFND   19,110 0 0
UNILEVER PLC SPON ADR NEW 904767704 3,114 51,590 SH   DFND   51,590 0 0
UMB FINL CORP COM 902788108 14,238 206,376 SH   DFND   206,376 0 0
USA TECHNOLOGIES INC COM 90328S500 4,093 390,575 SH   DFND   390,575 0 0
VONAGE HLDGS CORP COM 92886T201 13,698 1,063,900 SH   DFND   1,025,500 0 38,400
VISTRA CORP COM 92840M102 21,705 1,104,000 SH   DFND   1,072,000 0 32,000
VIAD CORP COM NEW 92552R406 4,427 122,400 SH   DFND   114,700 0 7,700
VERIZON COMMUNICATIONS INC COM 92343V104 1,828 31,108 SH   DFND   31,108 0 0
WISDOMTREE INVTS INC COM 97717P104 3,210 600,000 SH   DFND   600,000 0 0
WORTHINGTON INDS INC COM 981811102 6,077 118,376 SH   DFND   118,376 0 0
WESTPORT FUEL SYSTEMS INC COM NEW 960908309 5,330 1,000,000 SH   DFND   1,000,000 0 0
WESTROCK CO COM 96145D105 7,213 165,700 SH   DFND   160,400 0 5,300
WESTERN UN CO COM 959802109 3,790 172,756 SH   DFND   172,756 0 0
DENTSPLY SIRONA INC COM 24906P109 8,860 169,208 SH   DFND   169,208 0 0
ZOVIO INC COM 98979V102 12,071 2,546,700 SH   DFND   2,347,000 0 199,700