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 1 94,100 SH   SOLE   38,100 0 56,000
ACME UTD CORP COM 004816104 3,205 185,941 SH   SOLE   29,000 0 156,941
AEGION CORP COM 00770F104 8,278 502,304 SH   SOLE   79,750 0 422,554
FEDERAL AGRIC MTG CORP CL C 313148306 17,178 662,490 SH   SOLE   75,480 0 587,010
ANDERSONS INC COM 034164103 3,129 91,861 SH   SOLE   0 0 91,861
APPLIANCE RECYCLING CTRS AME COM NEW 03814F205 17 15,000 SH   SOLE   15,000 0 0
ARI NETWORK SVCS INC COM NEW 001930205 1,727 461,844 SH   SOLE   461,844 0 0
ASTA FDG INC COM 046220109 460 53,978 SH   SOLE   0 0 53,978
AMERICAN WTR WKS CO INC NEW COM 030420103 22,539 409,209 SH   SOLE   17,700 0 391,509
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 4,312 80,261 SH   SOLE   0 0 80,261
BBCN BANCORP INC COM 073295107 722 48,092 SH   SOLE   2,427 0 45,665
BANK COMM HLDGS COM 06424J103 883 152,750 SH   SOLE   110,000 0 42,750
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 484 3,709 SH   SOLE   200 0 3,509
CAMBRIDGE CAP ACQUISITION CO W EXP 12/23/2018 13215Q114 13 50,000 SH   SOLE   50,000 0 0
CAMTEK LTD ORD M20791105 689 266,965 SH   SOLE   33,000 0 233,965
CHUBB CORP COM 171232101 215 1,750 SH   SOLE   0 0 1,750
CENTRAL GARDEN & PET CO COM 153527106 1,465 94,729 SH   SOLE   0 0 94,729
CHINA FD INC COM 169373107 2,314 145,451 SH   SOLE   439 0 145,012
CHINA CORD BLOOD CORP SHS G21107100 1,132 188,030 SH   SOLE   0 0 188,030
CHINA PHARMA HLDGS INC COM 16941T104 99 496,785 SH   SOLE   224,909 0 271,876
CRAWFORD & CO CL A 224633206 6,052 1,082,638 SH   SOLE   160,154 0 922,484
AMERICAS CAR MART INC COM 03062T105 771 23,295 SH   SOLE   7,600 0 15,695
CISCO SYS INC COM 17275R102 348 13,246 SH   SOLE   500 0 12,746
CASH AMER INTL INC COM 14754D100 7,730 276,361 SH   SOLE   29,450 0 246,911
CUSTOMERS BANCORP INC COM 23204G100 13,348 519,378 SH   SOLE   10,000 0 509,378
CVS HEALTH CORP COM 126650100 526 5,450 SH   SOLE   0 0 5,450
CPI AEROSTRUCTURES INC COM NEW 125919308 281 31,938 SH   SOLE   0 0 31,938
DISCOVER FINL SVCS COM 254709108 1,394 26,817 SH   SOLE   0 0 26,817
DEVRY ED GROUP INC COM 251893103 3,504 128,792 SH   SOLE   0 0 128,792
DAWSON GEOPHYSICAL CO NEW COM 239360100 2,296 602,701 SH   SOLE   0 0 602,701
DESTINATION XL GROUP INC COM 25065K104 2,218 381,673 SH   SOLE   48,300 0 333,373
US ECOLOGY INC COM 91732J102 375 8,600 SH   SOLE   0 0 8,600
EDUCATIONAL DEV CORP COM 281479105 435 58,292 SH   SOLE   58,292 0 0
COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 177 21,500 SH   SOLE   21,500 0 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 10,076 165,096 SH   SOLE   4,300 0 160,796
ENOVA INTL INC COM 29357K103 2,560 250,462 SH   SOLE   26,946 0 223,516
ESSEX RENT CORP COM 297187106 338 914,281 SH   SOLE   0 0 914,281
EAST WEST BANCORP INC COM 27579R104 12,784 332,742 SH   SOLE   29,500 0 303,242
EZCORP INC CL A NON VTG 302301106 6,242 1,011,700 SH   SOLE   142,475 0 869,225
FARMERS NATL BANC CORP COM 309627107 1,057 128,549 SH   SOLE   16,300 0 112,249
FLEXIBLE SOLUTIONS INTL INC COM 33938T104 45 47,150 SH   SOLE   0 0 47,150
STEALTHGAS INC SHS Y81669106 2,136 475,791 SH   SOLE   0 0 475,791
ABERDEEN GTR CHINA FD INC COM 003031101 1,027 120,599 SH   SOLE   0 0 120,599
GENERAL ELECTRIC CO COM 369604103 2,470 97,956 SH   SOLE   0 0 97,956
GENERAL FIN CORP DEL COM 369822101 168 45,291 SH   SOLE   45,291 0 0
GATX CORP COM 361448103 269 6,090 SH   SOLE   0 0 6,090
GENWORTH FINL INC COM CL A 37247D106 3,220 697,042 SH   SOLE   0 0 697,042
GENESEE & WYO INC CL A 371559105 287 4,850 SH   SOLE   0 0 4,850
HANMI FINL CORP COM NEW 410495204 479 19,012 SH   SOLE   0 0 19,012
HARDINGE INC COM 412324303 4,181 455,919 SH   SOLE   55,357 0 400,562
HOPFED BANCORP INC COM 439734104 1,161 97,135 SH   SOLE   20,832 0 76,303
HONEYWELL INTL INC COM 438516106 388 4,100 SH   SOLE   0 0 4,100
HORNBECK OFFSHORE SVCS INC N COM 440543106 163 12,050 SH   SOLE   0 0 12,050
HUNTSMAN CORP COM 447011107 5,577 575,510 SH   SOLE   0 0 575,510
INSTEEL INDUSTRIES INC COM 45774W108 1,440 89,538 SH   SOLE   0 0 89,538
ISHARES TR CORE S&P MCP ETF 464287507 383 2,800 SH   SOLE   0 0 2,800
INTEST CORP COM 461147100 1,245 296,461 SH   SOLE   43,100 0 253,361
INNOSPEC INC COM 45768S105 13,246 284,798 SH   SOLE   22,200 0 262,598
ISHARES TR CORE S&P500 ETF 464287200 366 1,900 SH   SOLE   0 0 1,900
JACOBS ENGR GROUP INC DEL COM 469814107 13,170 351,845 SH   SOLE   45,510 0 306,335
JOHNSON & JOHNSON COM 478160104 444 4,753 SH   SOLE   0 0 4,753
JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 3,346 328,966 SH   SOLE   19,800 0 309,166
JINPAN INTL LTD ORD G5138L100 3,709 1,024,504 SH   SOLE   190,442 0 834,062
KOREA EQUITY FD INC COM 50063B104 142 19,847 SH   SOLE   0 0 19,847
KOREA FD COM NEW 500634209 211 5,945 SH   SOLE   0 0 5,945
KRATON PERFORMANCE POLYMERS COM 50077C106 2,396 133,879 SH   SOLE   0 0 133,879
DIREXION SHS ETF TR SP BIOTCH BR3X 25490K745 286 5,000 SH   SOLE   5,000 0 0
LIMONEIRA CO COM 532746104 1,594 95,285 SH   SOLE   23,017 0 72,268
LUNA INNOVATIONS COM 550351100 336 359,796 SH   SOLE   359,796 0 0
LSB INDS INC COM 502160104 4,024 262,694 SH   SOLE   64,746 0 197,948
MDU RES GROUP INC COM 552690109 1,486 86,402 SH   SOLE   750 0 85,652
MFRI INC COM 552721102 1,313 255,513 SH   SOLE   46,882 0 208,631
MOBILE MINI INC COM 60740F105 6,750 219,235 SH   SOLE   0 0 219,235
MILLER INDS INC TENN COM NEW 600551204 551 28,176 SH   SOLE   0 0 28,176
MANITEX INTL INC COM 563420108 4,224 751,518 SH   SOLE   279,820 0 471,698
ALTRIA GROUP INC COM 02209S103 212 3,900 SH   SOLE   0 0 3,900
MARATHON PETE CORP COM 56585A102 405 8,750 SH   SOLE   0 0 8,750
MICROSOFT CORP COM 594918104 547 12,350 SH   SOLE   0 0 12,350
MATRIX SVC CO COM 576853105 10,979 488,585 SH   SOLE   12,600 0 475,985
NATURES SUNSHINE PRODUCTS IN COM 639027101 12,027 1,003,888 SH   SOLE   176,557 0 827,331
ISHARES U S ETF TR SHT MAT BD ETF 46431W507 396 7,900 SH   SOLE   0 0 7,900
NORTHERN TECH INTL CORP COM 665809109 577 37,012 SH   SOLE   0 0 37,012
NUTRACEUTICAL INTL CORP COM 67060Y101 3,523 149,216 SH   SOLE   0 0 149,216
NV5 HLDGS INC COM 62945V109 9,819 529,054 SH   SOLE   16,600 0 512,454
OWENS ILL INC COM NEW 690768403 9,727 469,435 SH   SOLE   16,400 0 453,035
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 85 19,500 SH   SOLE   14,000 0 5,500
PFIZER INC COM 717081103 437 13,901 SH   SOLE   500 0 13,401
EPLUS INC COM 294268107 2,445 30,924 SH   SOLE   0 0 30,924
POINTER TELOCATION LTD SHS M7946T104 171 25,000 SH   SOLE   25,000 0 0
PIONEER PWR SOLUTIONS INC COM NEW 723836300 956 248,235 SH   SOLE   75,000 0 173,235
PRGX GLOBAL INC COM NEW 69357C503 1,952 517,679 SH   SOLE   106,318 0 411,361
RENT A CTR INC NEW COM 76009N100 10,218 421,348 SH   SOLE   400 0 420,948
RENAISSANCERE HOLDINGS LTD COM G7496G103 3,339 31,406 SH   SOLE   0 0 31,406
RR MEDIA LTD SHS M8183P102 1,002 122,213 SH   SOLE   17,688 0 104,525
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 6,034 1,555,200 SH   SOLE   321,232 0 1,233,968
SERVICE CORP INTL COM 817565104 12,614 465,456 SH   SOLE   21,726 0 443,730
SPECTRA ENERGY CORP COM 847560109 391 14,875 SH   SOLE   250 0 14,625
SWIFT ENERGY CO COM 870738101 97 256,413 SH   SOLE   77,000 0 179,413
ABERDEEN SINGAPORE FD INC COM 003244100 281 32,483 SH   SOLE   11,807 0 20,676
SILICOM LTD ORD M84116108 1,647 61,020 SH   SOLE   0 0 61,020
INVENTURE FOODS INC COM 461212102 6,342 714,161 SH   SOLE   255,926 0 458,235
ST JUDE MED INC COM 790849103 338 5,350 SH   SOLE   0 0 5,350
TCP INTL HLDGS LTD COM H84689100 2,047 744,507 SH   SOLE   0 0 744,507
TOR MINERALS INTL INC COM NEW 890878309 528 103,913 SH   SOLE   103,913 0 0
TRAVELERS COMPANIES INC COM 89417E109 7,481 75,164 SH   SOLE   216 0 74,948
TETRA TECH INC NEW COM 88162G103 8,513 350,177 SH   SOLE   51,000 0 299,177
TUPPERWARE BRANDS CORP COM 899896104 9,442 190,786 SH   SOLE   22,950 0 167,836
UNIQUE FABRICATING INC COM 90915J103 1,943 175,000 SH   SOLE   113,325 0 61,675
USA TECHNOLOGIES INC COM NO PAR 90328S500 225 90,500 SH   SOLE   58,000 0 32,500
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 365 2,975 SH   SOLE   0 0 2,975
VIMPELCOM LTD SPONSORED ADR 92719A106 42 10,300 SH   SOLE   10,300 0 0
VOLT INFORMATION SCIENCES IN COM 928703107 5,464 600,451 SH   SOLE   45,346 0 555,105
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 253 1,440 SH   SOLE   0 0 1,440
VOXX INTL CORP CL A 91829F104 3,449 464,862 SH   SOLE   0 0 464,862
WILLBROS GROUP INC DEL COM 969203108 550 436,756 SH   SOLE   0 0 436,756
WILSHIRE BANCORP INC COM 97186T108 10,992 1,045,907 SH   SOLE   150,815 0 895,092
WIDEPOINT CORP COM 967590100 876 995,771 SH   SOLE   551,724 0 444,047
EXXON MOBIL CORP COM 30231G102 377 5,076 SH   SOLE   0 0 5,076
HORSEHEAD HLDG CORP COM 440694305 739 243,025 SH   SOLE   0 0 243,025
CHINA ZENIX AUTO INTL LTD ADS 16951E104 29 29,202 SH   SOLE   29,202 0 0
NATIONAL WESTN LIFE INS CO CL A 638522102 7,139 32,058 SH   SOLE   3,001 0 29,057