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
ACME UTD CORP COM 004816104 1,807 110,573 SH   SOLE   29,000 0 81,573
AEGION CORP COM 00770F104 8,446 400,479 SH   SOLE   79,750 0 320,729
FEDERAL AGRIC MTG CORP CL C 313148306 18,052 478,448 SH   SOLE   75,480 0 402,968
ANDERSONS INC COM 034164103 2,730 86,912 SH   SOLE   0 0 86,912
APPLIANCE RECYCLING CTRS AME COM NEW 03814F205 18 15,000 SH   SOLE   15,000 0 0
ARI NETWORK SVCS INC COM NEW 001930205 1,676 381,844 SH   SOLE   381,844 0 0
ASTA FDG INC COM 046220109 260 29,205 SH   SOLE   0 0 29,205
AMERICAN WTR WKS CO INC NEW COM 030420103 8,730 126,652 SH   SOLE   17,500 0 109,152
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 3,967 71,536 SH   SOLE   0 0 71,536
BBCN BANCORP INC COM 073295107 503 33,132 SH   SOLE   2,427 0 30,705
BANK COMM HLDGS COM 06424J103 990 155,950 SH   SOLE   115,000 0 40,950
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 257 1,809 SH   SOLE   200 0 1,609
CAMTEK LTD ORD M20791105 764 385,715 SH   SOLE   41,000 0 344,715
CENTRAL GARDEN & PET CO COM 153527106 1,308 80,079 SH   SOLE   0 0 80,079
CHINA FD INC COM 169373107 1,303 88,373 SH   SOLE   439 0 87,934
CHINA CORD BLOOD CORP SHS G21107100 82 13,553 SH   SOLE   0 0 13,553
CRAWFORD & CO CL A 224633206 5,476 909,605 SH   SOLE   160,154 0 749,451
AMERICAS CAR MART INC COM 03062T105 371 14,845 SH   SOLE   7,600 0 7,245
CISCO SYS INC COM 17275R102 377 13,246 SH   SOLE   500 0 12,746
CASH AMER INTL INC COM 14754D100 8,135 210,530 SH   SOLE   29,450 0 181,080
CUSTOMERS BANCORP INC COM 23204G100 9,851 416,874 SH   SOLE   10,000 0 406,874
CVS HEALTH CORP COM 126650100 565 5,450 SH   SOLE   0 0 5,450
CPI AEROSTRUCTURES INC COM NEW 125919308 231 31,500 SH   SOLE   0 0 31,500
DISCOVER FINL SVCS COM 254709108 1,147 22,517 SH   SOLE   0 0 22,517
DEVRY ED GROUP INC COM 251893103 1,342 77,692 SH   SOLE   0 0 77,692
ISHARES TR SELECT DIVID ETF 464287168 200 2,450 SH   SOLE   0 0 2,450
DAWSON GEOPHYSICAL CO NEW COM 239360100 2,760 604,011 SH   SOLE   0 0 604,011
DESTINATION XL GROUP INC COM 25065K104 1,293 250,064 SH   SOLE   26,300 0 223,764
US ECOLOGY INC COM 91732J102 380 8,600 SH   SOLE   0 0 8,600
EDUCATIONAL DEV CORP COM 281479105 537 38,292 SH   SOLE   38,292 0 0
COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 139 17,500 SH   SOLE   17,500 0 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 9,775 149,605 SH   SOLE   300 0 149,305
ENOVA INTL INC COM 29357K103 2,496 395,529 SH   SOLE   26,946 0 368,583
EAST WEST BANCORP INC COM 27579R104 8,014 246,741 SH   SOLE   29,500 0 217,241
EZCORP INC CL A NON VTG 302301106 2,431 818,585 SH   SOLE   142,475 0 676,110
FARMERS NATL BANC CORP COM 309627107 762 85,499 SH   SOLE   0 0 85,499
FLEXIBLE SOLUTIONS INTL INC COM 33938T104 44 47,150 SH   SOLE   0 0 47,150
STEALTHGAS INC SHS Y81669106 1,773 502,141 SH   SOLE   50,000 0 452,141
ABERDEEN GTR CHINA FD INC COM 003031101 635 76,500 SH   SOLE   0 0 76,500
GENERAL ELECTRIC CO COM 369604103 3,030 95,300 SH   SOLE   0 0 95,300
GENERAL FIN CORP DEL COM 369822101 207 45,291 SH   SOLE   45,291 0 0
GENWORTH FINL INC COM CL A 37247D106 2,361 864,920 SH   SOLE   0 0 864,920
GENESEE & WYO INC CL A 371559105 304 4,850 SH   SOLE   0 0 4,850
HANMI FINL CORP COM NEW 410495204 381 17,312 SH   SOLE   0 0 17,312
HARDINGE INC COM 412324303 4,665 374,128 SH   SOLE   55,357 0 318,771
HOPFED BANCORP INC COM 439734104 360 31,409 SH   SOLE   20,832 0 10,577
HONEYWELL INTL INC COM 438516106 459 4,100 SH   SOLE   0 0 4,100
HORNBECK OFFSHORE SVCS INC N COM 440543106 110 11,050 SH   SOLE   0 0 11,050
HUNTSMAN CORP COM 447011107 7,035 528,944 SH   SOLE   0 0 528,944
INSTEEL INDUSTRIES INC COM 45774W108 2,399 78,475 SH   SOLE   0 0 78,475
ISHARES TR CORE S&P MCP ETF 464287507 404 2,800 SH   SOLE   0 0 2,800
INTEST CORP COM 461147100 771 197,710 SH   SOLE   43,100 0 154,610
INNOSPEC INC COM 45768S105 8,750 201,795 SH   SOLE   22,200 0 179,595
ISHARES TR CORE S&P500 ETF 464287200 599 2,900 SH   SOLE   0 0 2,900
JACOBS ENGR GROUP INC DEL COM 469814107 12,046 276,605 SH   SOLE   45,510 0 231,095
JOHNSON & JOHNSON COM 478160104 493 4,553 SH   SOLE   0 0 4,553
JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 1,872 193,962 SH   SOLE   19,800 0 174,162
JINPAN INTL LTD ORD G5138L100 4,751 810,716 SH   SOLE   190,442 0 620,274
KOREA EQUITY FD INC COM 50063B104 158 19,847 SH   SOLE   0 0 19,847
KRATON PERFORMANCE POLYMERS COM 50077C106 2,209 127,709 SH   SOLE   0 0 127,709
LIMONEIRA CO COM 532746104 1,408 92,636 SH   SOLE   23,017 0 69,619
LUNA INNOVATIONS COM 550351100 424 403,896 SH   SOLE   359,796 0 44,100
SOUTHWEST AIRLS CO COM 844741108 200 4,475 SH   SOLE   1,975 0 2,500
LSB INDS INC COM 502160104 2,871 225,174 SH   SOLE   64,746 0 160,428
MDU RES GROUP INC COM 552690109 1,654 85,002 SH   SOLE   750 0 84,252
MFRI INC COM 552721102 1,718 245,358 SH   SOLE   46,882 0 198,476
MOBILE MINI INC COM 60740F105 6,413 194,201 SH   SOLE   0 0 194,201
MILLER INDS INC TENN COM NEW 600551204 545 26,851 SH   SOLE   0 0 26,851
MANITEX INTL INC COM 563420108 2,910 556,409 SH   SOLE   279,820 0 276,589
ALTRIA GROUP INC COM 02209S103 376 6,000 SH   SOLE   0 0 6,000
MARATHON PETE CORP COM 56585A102 325 8,750 SH   SOLE   0 0 8,750
MICROSOFT CORP COM 594918104 682 12,350 SH   SOLE   0 0 12,350
MATRIX SVC CO COM 576853105 6,159 347,977 SH   SOLE   12,600 0 335,377
NATURES SUNSHINE PRODUCTS IN COM 639027101 7,473 778,387 SH   SOLE   176,557 0 601,830
ISHARES U S ETF TR SHT MAT BD ETF 46431W507 1,557 31,100 SH   SOLE   0 0 31,100
NORTHERN TECH INTL CORP COM 665809109 403 31,912 SH   SOLE   0 0 31,912
NUTRACEUTICAL INTL CORP COM 67060Y101 2,687 110,346 SH   SOLE   0 0 110,346
NV5 GLOBAL INC COM 62945V109 9,092 338,871 SH   SOLE   16,600 0 322,271
NATIONAL WESTN LIFE GROUP IN CL A 638517102 4,859 21,069 SH   SOLE   3,001 0 18,068
OWENS ILL INC COM NEW 690768403 5,293 331,625 SH   SOLE   16,400 0 315,225
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 114 19,500 SH   SOLE   14,000 0 5,500
PRO-DEX INC COLO COM NEW 74265M205 53 14,000 SH   SOLE   14,000 0 0
PFIZER INC COM 717081103 412 13,901 SH   SOLE   500 0 13,401
EPLUS INC COM 294268107 2,286 28,399 SH   SOLE   0 0 28,399
PATRIOT NATL INC COM 70338T102 328 42,585 SH   SOLE   0 0 42,585
POINTER TELOCATION LTD SHS M7946T104 151 25,000 SH   SOLE   25,000 0 0
PIONEER PWR SOLUTIONS INC COM NEW 723836300 1,521 301,235 SH   SOLE   75,000 0 226,235
PRGX GLOBAL INC COM NEW 69357C503 1,996 422,829 SH   SOLE   106,318 0 316,511
RENT A CTR INC NEW COM 76009N100 5,045 318,286 SH   SOLE   400 0 317,886
RENAISSANCERE HOLDINGS LTD COM G7496G103 3,525 29,419 SH   SOLE   0 0 29,419
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 7,791 1,180,453 SH   SOLE   321,232 0 859,221
SERVICE CORP INTL COM 817565104 11,025 446,713 SH   SOLE   21,726 0 424,987
SPECTRA ENERGY CORP COM 847560109 435 14,225 SH   SOLE   250 0 13,975
ABERDEEN SINGAPORE FD INC COM 003244100 312 34,724 SH   SOLE   15,269 0 19,455
SILICOM LTD ORD M84116108 1,997 58,480 SH   SOLE   1,500 0 56,980
INVENTURE FOODS INC COM 461212102 2,806 496,605 SH   SOLE   215,926 0 280,679
SUPERCOM LTD NEW SHS NEW M87095119 1,606 403,540 SH   SOLE   10,000 0 393,540
ST JUDE MED INC COM 790849103 289 5,250 SH   SOLE   0 0 5,250
SYNALLOY CP DEL COM 871565107 556 70,189 SH   SOLE   0 0 70,189
TCP INTL HLDGS LTD COM H84689100 454 372,164 SH   SOLE   0 0 372,164
TOR MINERALS INTL INC COM NEW 890878309 352 103,913 SH   SOLE   103,913 0 0
TRAVELERS COMPANIES INC COM 89417E109 7,955 68,160 SH   SOLE   216 0 67,944
TETRA TECH INC NEW COM 88162G103 8,221 275,687 SH   SOLE   51,000 0 224,687
TUPPERWARE BRANDS CORP COM 899896104 4,771 82,291 SH   SOLE   14,350 0 67,941
UNIQUE FABRICATING INC COM 90915J103 2,153 174,350 SH   SOLE   113,325 0 61,025
USA TECHNOLOGIES INC COM NO PAR 90328S500 264 60,500 SH   SOLE   33,000 0 27,500
UNITED STATES OIL FUND LP UNITS 91232N108 103 10,600 SH   SOLE   0 0 10,600
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 321 2,600 SH   SOLE   0 0 2,600
VIMPELCOM LTD SPONSORED ADR 92719A106 57 13,300 SH   SOLE   13,300 0 0
VOLT INFORMATION SCIENCES IN COM 928703107 3,667 486,931 SH   SOLE   45,346 0 441,585
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 222 1,175 SH   SOLE   0 0 1,175
VOXX INTL CORP CL A 91829F104 1,473 329,489 SH   SOLE   0 0 329,489
WILLBROS GROUP INC DEL COM 969203108 880 413,156 SH   SOLE   0 0 413,156
WILSHIRE BANCORP INC COM 97186T108 7,477 725,959 SH   SOLE   110,000 0 615,959
WIDEPOINT CORP COM 967590100 576 959,371 SH   SOLE   551,724 0 407,647
EXXON MOBIL CORP COM 30231G102 424 5,076 SH   SOLE   0 0 5,076
MARKET VECTORS ETF TR VIETNAM ETF 57060U761 140 10,000 SH   SOLE   10,000 0 0