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
LGL GROUP INC W EXP 08/06/2018 50186A116 0 50,100 SH   SOLE   38,100 0 12,000
ABILITY INC W EXP 12/17/2018 G8789K116 69 50,000 SH   SOLE   50,000 0 0
ACME UTD CORP COM 004816104 3,191 183,375 SH   SOLE   29,000 0 154,375
AEGION CORP COM 00770F104 9,285 480,829 SH   SOLE   79,750 0 401,079
FEDERAL AGRIC MTG CORP CL C 313148306 18,740 593,608 SH   SOLE   75,480 0 518,128
ANDERSONS INC COM 034164103 2,800 88,537 SH   SOLE   0 0 88,537
APPLIANCE RECYCLING CTRS AME COM NEW 03814F205 16 15,000 SH   SOLE   15,000 0 0
ARI NETWORK SVCS INC COM NEW 001930205 1,718 381,844 SH   SOLE   381,844 0 0
ASTA FDG INC COM 046220109 413 51,978 SH   SOLE   0 0 51,978
AMERICAN WTR WKS CO INC NEW COM 030420103 22,784 381,326 SH   SOLE   17,700 0 363,626
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 4,092 72,786 SH   SOLE   0 0 72,786
BBCN BANCORP INC COM 073295107 585 33,981 SH   SOLE   2,427 0 31,554
BANK COMM HLDGS COM 06424J103 1,054 157,750 SH   SOLE   115,000 0 42,750
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 490 3,709 SH   SOLE   200 0 3,509
CAMTEK LTD ORD M20791105 810 373,265 SH   SOLE   41,000 0 332,265
CENTRAL GARDEN & PET CO COM 153527106 1,060 78,429 SH   SOLE   0 0 78,429
CHINA FD INC COM 169373107 1,770 114,053 SH   SOLE   439 0 113,614
CHINA CORD BLOOD CORP SHS G21107100 640 100,515 SH   SOLE   0 0 100,515
CHINA PHARMA HLDGS INC COM 16941T104 45 286,493 SH   SOLE   25,117 0 261,376
CRAWFORD & CO CL A 224633206 5,183 1,022,267 SH   SOLE   160,154 0 862,113
AMERICAS CAR MART INC COM 03062T105 482 18,045 SH   SOLE   7,600 0 10,445
CISCO SYS INC COM 17275R102 360 13,246 SH   SOLE   500 0 12,746
CASH AMER INTL INC COM 14754D100 7,769 259,395 SH   SOLE   29,450 0 229,945
CUSTOMERS BANCORP INC COM 23204G100 13,252 486,836 SH   SOLE   10,000 0 476,836
CVS HEALTH CORP COM 126650100 533 5,450 SH   SOLE   0 0 5,450
CPI AEROSTRUCTURES INC COM NEW 125919308 306 31,500 SH   SOLE   0 0 31,500
DISCOVER FINL SVCS COM 254709108 1,231 22,967 SH   SOLE   0 0 22,967
DEVRY ED GROUP INC COM 251893103 2,883 113,892 SH   SOLE   0 0 113,892
DAWSON GEOPHYSICAL CO NEW COM 239360100 2,049 592,160 SH   SOLE   0 0 592,160
DESTINATION XL GROUP INC COM 25065K104 1,743 315,773 SH   SOLE   26,300 0 289,473
US ECOLOGY INC COM 91732J102 313 8,600 SH   SOLE   0 0 8,600
EDUCATIONAL DEV CORP COM 281479105 424 38,292 SH   SOLE   38,292 0 0
COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 103 17,500 SH   SOLE   17,500 0 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 9,748 152,335 SH   SOLE   300 0 152,035
ENOVA INTL INC COM 29357K103 1,756 265,607 SH   SOLE   26,946 0 238,661
EAST WEST BANCORP INC COM 27579R104 12,506 300,906 SH   SOLE   29,500 0 271,406
EZCORP INC CL A NON VTG 302301106 4,816 965,100 SH   SOLE   142,475 0 822,625
FARMERS NATL BANC CORP COM 309627107 739 85,899 SH   SOLE   0 0 85,899
FLEXIBLE SOLUTIONS INTL INC COM 33938T104 47 47,150 SH   SOLE   0 0 47,150
STEALTHGAS INC SHS Y81669106 1,970 574,266 SH   SOLE   50,000 0 524,266
ABERDEEN GTR CHINA FD INC COM 003031101 721 84,276 SH   SOLE   0 0 84,276
GENERAL ELECTRIC CO COM 369604103 2,999 96,275 SH   SOLE   0 0 96,275
GENERAL FIN CORP DEL COM 369822101 181 45,291 SH   SOLE   45,291 0 0
GENWORTH FINL INC COM CL A 37247D106 3,985 1,068,392 SH   SOLE   0 0 1,068,392
GENESEE & WYO INC CL A 371559105 260 4,850 SH   SOLE   0 0 4,850
HANMI FINL CORP COM NEW 410495204 451 19,012 SH   SOLE   0 0 19,012
HARDINGE INC COM 412324303 4,064 436,053 SH   SOLE   55,357 0 380,696
HOPFED BANCORP INC COM 439734104 1,153 96,043 SH   SOLE   20,832 0 75,211
HONEYWELL INTL INC COM 438516106 425 4,100 SH   SOLE   0 0 4,100
HORNBECK OFFSHORE SVCS INC N COM 440543106 110 11,050 SH   SOLE   0 0 11,050
HORSEHEAD HLDG CORP COM 440694305 530 258,300 SH   SOLE   0 0 258,300
HUNTSMAN CORP COM 447011107 6,111 537,490 SH   SOLE   0 0 537,490
INSTEEL INDUSTRIES INC COM 45774W108 1,813 86,663 SH   SOLE   0 0 86,663
ISHARES TR CORE S&P MCP ETF 464287507 390 2,800 SH   SOLE   0 0 2,800
INTEST CORP COM 461147100 1,106 261,461 SH   SOLE   43,100 0 218,361
INNOSPEC INC COM 45768S105 14,002 257,808 SH   SOLE   22,200 0 235,608
ISHARES TR CORE S&P500 ETF 464287200 389 1,900 SH   SOLE   0 0 1,900
JACOBS ENGR GROUP INC DEL COM 469814107 13,906 331,495 SH   SOLE   45,510 0 285,985
JOHNSON & JOHNSON COM 478160104 468 4,553 SH   SOLE   0 0 4,553
JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 2,210 216,012 SH   SOLE   19,800 0 196,212
JINPAN INTL LTD ORD G5138L100 3,715 969,939 SH   SOLE   190,442 0 779,497
KOREA EQUITY FD INC COM 50063B104 138 19,847 SH   SOLE   0 0 19,847
KRATON PERFORMANCE POLYMERS COM 50077C106 2,124 127,859 SH   SOLE   0 0 127,859
LIMONEIRA CO COM 532746104 1,388 92,910 SH   SOLE   23,017 0 69,893
LUNA INNOVATIONS COM 550351100 389 359,796 SH   SOLE   359,796 0 0
LSB INDS INC COM 502160104 2,309 318,534 SH   SOLE   64,746 0 253,788
MDU RES GROUP INC COM 552690109 1,557 85,002 SH   SOLE   750 0 84,252
MFRI INC COM 552721102 1,650 252,363 SH   SOLE   46,882 0 205,481
MOBILE MINI INC COM 60740F105 6,423 206,335 SH   SOLE   0 0 206,335
MILLER INDS INC TENN COM NEW 600551204 585 26,851 SH   SOLE   0 0 26,851
MANITEX INTL INC COM 563420108 4,412 741,524 SH   SOLE   279,820 0 461,704
MARATHON PETE CORP COM 56585A102 454 8,750 SH   SOLE   0 0 8,750
MICROSOFT CORP COM 594918104 685 12,350 SH   SOLE   0 0 12,350
MATRIX SVC CO COM 576853105 9,422 458,713 SH   SOLE   12,600 0 446,113
NATURES SUNSHINE PRODUCTS IN COM 639027101 9,686 957,126 SH   SOLE   176,557 0 780,569
ISHARES U S ETF TR SHT MAT BD ETF 46431W507 1,095 21,900 SH   SOLE   0 0 21,900
NORTHERN TECH INTL CORP COM 665809109 479 34,522 SH   SOLE   0 0 34,522
NUTRACEUTICAL INTL CORP COM 67060Y101 3,458 133,910 SH   SOLE   0 0 133,910
NV5 GLOBAL INC COM 62945V109 10,260 466,769 SH   SOLE   16,600 0 450,169
NATIONAL WESTN LIFE GROUP IN CL A 638517102 7,672 30,453 SH   SOLE   3,001 0 27,452
OWENS ILL INC COM NEW 690768403 7,531 432,310 SH   SOLE   16,400 0 415,910
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 84 19,500 SH   SOLE   14,000 0 5,500
PRO-DEX INC COLO COM NEW 74265M205 34 14,000 SH   SOLE   14,000 0 0
PFIZER INC COM 717081103 449 13,901 SH   SOLE   500 0 13,401
EPLUS INC COM 294268107 2,702 28,974 SH   SOLE   0 0 28,974
POINTER TELOCATION LTD SHS M7946T104 156 25,000 SH   SOLE   25,000 0 0
PIONEER PWR SOLUTIONS INC COM NEW 723836300 1,422 359,935 SH   SOLE   75,000 0 284,935
PRGX GLOBAL INC COM NEW 69357C503 1,830 491,929 SH   SOLE   106,318 0 385,611
RENT A CTR INC NEW COM 76009N100 5,843 390,298 SH   SOLE   400 0 389,898
RENAISSANCERE HOLDINGS LTD COM G7496G103 3,391 29,959 SH   SOLE   0 0 29,959
RR MEDIA LTD SHS M8183P102 238 26,348 SH   SOLE   0 0 26,348
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 6,652 1,445,988 SH   SOLE   321,232 0 1,124,756
SERVICE CORP INTL COM 817565104 11,644 447,513 SH   SOLE   21,726 0 425,787
SPECTRA ENERGY CORP COM 847560109 353 14,725 SH   SOLE   250 0 14,475
ABERDEEN SINGAPORE FD INC COM 003244100 295 34,412 SH   SOLE   14,807 0 19,605
SILICOM LTD ORD M84116108 1,825 60,215 SH   SOLE   700 0 59,515
INVENTURE FOODS INC COM 461212102 4,550 640,868 SH   SOLE   215,926 0 424,942
SUPERCOM LTD NEW SHS NEW M87095119 373 71,470 SH   SOLE   10,000 0 61,470
ST JUDE MED INC COM 790849103 324 5,250 SH   SOLE   0 0 5,250
SYNALLOY CP DEL COM 871565107 156 22,625 SH   SOLE   0 0 22,625
TCP INTL HLDGS LTD COM H84689100 658 677,941 SH   SOLE   0 0 677,941
TOR MINERALS INTL INC COM NEW 890878309 469 103,913 SH   SOLE   103,913 0 0
TRAVELERS COMPANIES INC COM 89417E109 8,044 71,270 SH   SOLE   216 0 71,054
TETRA TECH INC NEW COM 88162G103 8,757 336,537 SH   SOLE   51,000 0 285,537
TUPPERWARE BRANDS CORP COM 899896104 6,217 111,716 SH   SOLE   14,350 0 97,366
UNIQUE FABRICATING INC COM 90915J103 2,163 175,000 SH   SOLE   113,325 0 61,675
USA TECHNOLOGIES INC COM NO PAR 90328S500 186 60,500 SH   SOLE   33,000 0 27,500
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 345 2,600 SH   SOLE   0 0 2,600
VIMPELCOM LTD SPONSORED ADR 92719A106 44 13,300 SH   SOLE   13,300 0 0
VOLT INFORMATION SCIENCES IN COM 928703107 4,675 574,381 SH   SOLE   45,346 0 529,035
MARKET VECTORS ETF TR VIETNAM ETF 57060U761 148 10,000 SH   SOLE   10,000 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 220 1,175 SH   SOLE   0 0 1,175
VOXX INTL CORP CL A 91829F104 2,259 429,462 SH   SOLE   0 0 429,462
WILLBROS GROUP INC DEL COM 969203108 1,126 418,456 SH   SOLE   0 0 418,456
WILSHIRE BANCORP INC COM 97186T108 10,112 875,457 SH   SOLE   110,000 0 765,457
WIDEPOINT CORP COM 967590100 676 972,571 SH   SOLE   551,724 0 420,847
EXXON MOBIL CORP COM 30231G102 396 5,076 SH   SOLE   0 0 5,076