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 17 282,095 SH   SOLE 1 38,100 0 243,995
AMERICAN CAP LTD COM 02503Y103 421 26,650 SH   SOLE 1 0 0 26,650
ACME UTD CORP COM 004816104 4,687 285,461 SH   SOLE 1 71,776 0 213,685
AEGION CORP COM 00770F104 16,759 662,157 SH   SOLE 1 87,750 0 574,407
FEDERAL AGRIC MTG CORP CL C 313148306 30,226 909,059 SH   SOLE 1 108,263 0 800,796
ARLINGTON ASSET INVT CORP CL A NEW 041356205 270 10,191 SH   SOLE 1 0 0 10,191
ANDERSONS INC COM 034164103 6,354 107,263 SH   SOLE 1 0 0 107,263
ARI NETWORK SVCS INC COM NEW 001930205 2,107 666,667 SH   SOLE 1 666,667 0 0
ASTA FDG INC COM 046220109 1,123 135,832 SH   SOLE 1 65,169 0 70,663
AMERICAN WTR WKS CO INC NEW COM 030420103 35,093 772,965 SH   SOLE 1 154,600 0 618,365
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 4,660 101,632 SH   SOLE 1 0 0 101,632
BBCN BANCORP INC COM 073295107 3,627 211,622 SH   SOLE 1 140,089 0 71,533
BANK COMM HLDGS COM 06424J103 1,813 269,418 SH   SOLE 1 220,000 0 49,418
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 500 4,004 SH   SOLE 1 200 0 3,804
CAMBRIDGE CAP ACQUISITION CO COM 13215Q106 482 50,000 SH   SOLE 1 50,000 0 0
CAMBRIDGE CAP ACQUISITION CO W EXP 12/23/2018 13215Q114 21 50,000 SH   SOLE 1 50,000 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 275 3,150 SH   SOLE 1 0 0 3,150
CENTRAL GARDEN & PET CO COM 153527106 1,573 193,429 SH   SOLE 1 14,100 0 179,329
CHINDEX INTERNATIONAL INC COM 169467107 6,334 331,964 SH   SOLE 1 116,157 0 215,807
CHINA HOUSING & LAND DEV INC COM 16939V103 33 13,581 SH   SOLE 1 9,020 0 4,561
CHINA FD INC COM 169373107 3,308 166,161 SH   SOLE 1 439 0 165,722
CHINA CORD BLOOD CORP SHS G21107100 787 196,830 SH   SOLE 1 0 0 196,830
CHINA PHARMA HLDGS INC COM 16941T104 718 1,421,596 SH   SOLE 1 772,900 0 648,696
CRAWFORD & CO CL A 224633206 13,485 1,443,789 SH   SOLE 1 160,154 0 1,283,635
AMERICAS CAR MART INC COM 03062T105 1,632 44,507 SH   SOLE 1 7,600 0 36,907
CISCO SYS INC COM 17275R102 240 10,700 SH   SOLE 1 500 0 10,200
CASH AMER INTL INC COM 14754D100 13,854 357,804 SH   SOLE 1 29,450 0 328,354
CENTURYLINK INC COM 156700106 2,063 62,834 SH   SOLE 1 7,800 0 55,034
CUSTOMERS BANCORP INC COM 23204G100 12,076 578,621 SH   SOLE 1 0 0 578,621
CVS CAREMARK CORPORATION COM 126650100 408 5,450 SH   SOLE 1 0 0 5,450
CPI AEROSTRUCTURES INC COM NEW 125919308 411 31,650 SH   SOLE 1 0 0 31,650
CHEVRON CORP NEW COM 166764100 220 1,850 SH   SOLE 1 0 0 1,850
DISCOVER FINL SVCS COM 254709108 2,438 41,892 SH   SOLE 1 0 0 41,892
DEVRY ED GROUP INC COM 251893103 10,535 248,527 SH   SOLE 1 56,200 0 192,327
DESTINATION XL GROUP INC COM 25065K104 3,624 642,607 SH   SOLE 1 48,300 0 594,307
US ECOLOGY INC COM 91732J102 323 8,700 SH   SOLE 1 0 0 8,700
EXCEED COMPANY LTD SHS G32335104 1,240 708,815 SH   SOLE 1 206,750 0 502,065
EDUCATIONAL DEV CORP COM 281479105 211 58,292 SH   SOLE 1 58,292 0 0
E M C CORP MASS COM 268648102 217 7,900 SH   SOLE 1 0 0 7,900
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 11,214 208,323 SH   SOLE 1 4,300 0 204,023
ESSEX RENT CORP COM 297187106 3,124 1,055,566 SH   SOLE 1 0 0 1,055,566
EAST WEST BANCORP INC COM 27579R104 17,628 482,972 SH   SOLE 1 33,500 0 449,472
EZCORP INC CL A NON VTG 302301106 426 39,450 SH   SOLE 1 0 0 39,450
FARMERS CAP BK CORP COM 309562106 1,086 48,365 SH   SOLE 1 48,365 0 0
FARMERS NATL BANC CORP COM 309627107 2,723 354,557 SH   SOLE 1 31,300 0 323,257
FLEXIBLE SOLUTIONS INTL INC COM 33938T104 78 98,238 SH   SOLE 1 53,388 0 44,850
FMC TECHNOLOGIES INC COM 30249U101 248 4,750 SH   SOLE 1 0 0 4,750
GIANT INTERACTIVE GROUP INC ADR 374511103 5,291 457,283 SH   SOLE 1 21,100 0 436,183
LE GAGA HLDGS LTD SPONSORED ADR 521168104 3,589 980,673 SH   SOLE 1 214,610 0 766,063
STEALTHGAS INC SHS Y81669106 7,242 636,912 SH   SOLE 1 0 0 636,912
ABERDEEN GTR CHINA FD INC COM 003031101 1,714 177,227 SH   SOLE 1 0 0 177,227
GENERAL ELECTRIC CO COM 369604103 3,070 118,572 SH   SOLE 1 0 0 118,572
GENERAL FIN CORP DEL COM 369822101 365 46,241 SH   SOLE 1 45,291 0 950
GATX CORP COM 361448103 781 11,510 SH   SOLE 1 0 0 11,510
GENWORTH FINL INC COM CL A 37247D106 17,573 991,137 SH   SOLE 1 22,600 0 968,537
GP STRATEGIES CORP COM 36225V104 273 10,031 SH   SOLE 1 0 0 10,031
GENESEE & WYO INC CL A 371559105 501 5,150 SH   SOLE 1 0 0 5,150
HANMI FINL CORP COM NEW 410495204 539 23,145 SH   SOLE 1 0 0 23,145
CLAYMORE EXCHANGE TRD FD TR GUGG CHN SML CAP 18383Q853 204 8,000 SH   SOLE 1 8,000 0 0
HEALTHCARE SVCS GRP INC COM 421906108 476 16,395 SH   SOLE 1 645 0 15,750
HOPFED BANCORP INC COM 439734104 1,585 135,836 SH   SOLE 1 40,132 0 95,704
HONEYWELL INTL INC COM 438516106 380 4,100 SH   SOLE 1 0 0 4,100
HORNBECK OFFSHORE SVCS INC N COM 440543106 410 9,800 SH   SOLE 1 0 0 9,800
HUMANA INC COM 444859102 2,365 20,978 SH   SOLE 1 0 0 20,978
INTEST CORP COM 461147100 2,064 514,641 SH   SOLE 1 47,900 0 466,741
INNOSPEC INC COM 45768S105 20,403 451,101 SH   SOLE 1 71,200 0 379,901
NEW IRELAND FUND INC COM 645673104 335 23,304 SH   SOLE 1 10,100 0 13,204
JOHNSON & JOHNSON COM 478160104 447 4,550 SH   SOLE 1 0 0 4,550
JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 4,015 458,309 SH   SOLE 1 26,910 0 431,399
JINPAN INTL LTD ORD G5138L100 10,773 1,430,641 SH   SOLE 1 190,442 0 1,240,199
KOREA EQUITY FD INC COM 50063B104 193 23,397 SH   SOLE 1 0 0 23,397
KIRBY CORP COM 497266106 314 3,100 SH   SOLE 1 0 0 3,100
KOREA FD COM NEW 500634209 283 7,068 SH   SOLE 1 0 0 7,068
KRATON PERFORMANCE POLYMERS COM 50077C106 3,501 133,939 SH   SOLE 1 0 0 133,939
LGL GROUP INC COM 50186A108 294 55,919 SH   SOLE 1 7,620 0 48,299
LIQTECH INTL INC COM 53632A102 26 13,900 SH   SOLE 1 0 0 13,900
LIMONEIRA CO COM 532746104 2,093 92,262 SH   SOLE 1 23,017 0 69,245
LSB INDS INC COM 502160104 12,946 345,966 SH   SOLE 1 65,146 0 280,820
MCG CAPITAL CORP COM 58047P107 2,357 621,771 SH   SOLE 1 1,142 0 620,629
MCDERMOTT INTL INC COM 580037109 281 35,950 SH   SOLE 1 0 0 35,950
MDU RES GROUP INC COM 552690109 4,869 141,910 SH   SOLE 1 30,150 0 111,760
METHANEX CORP COM 59151K108 1,678 26,242 SH   SOLE 1 0 0 26,242
MICROFINANCIAL INC COM 595072109 574 72,950 SH   SOLE 1 0 0 72,950
MFRI INC COM 552721102 4,237 311,289 SH   SOLE 1 46,882 0 264,407
MOBILE MINI INC COM 60740F105 16,125 371,897 SH   SOLE 1 8,800 0 363,097
MILLER INDS INC TENN COM NEW 600551204 877 44,905 SH   SOLE 1 0 0 44,905
MANITEX INTL INC COM 563420108 15,093 925,929 SH   SOLE 1 301,970 0 623,959
MARATHON PETE CORP COM 56585A102 381 4,375 SH   SOLE 1 0 0 4,375
MICROSOFT CORP COM 594918104 498 12,150 SH   SOLE 1 0 0 12,150
MATRIX SVC CO COM 576853105 21,920 648,900 SH   SOLE 1 12,600 0 636,300
NATURES SUNSHINE PRODUCTS IN COM 639027101 18,753 1,360,850 SH   SOLE 1 245,632 0 1,115,218
NORTHERN TECH INTL CORP COM 665809109 1,032 48,715 SH   SOLE 1 0 0 48,715
NUTRACEUTICAL INTL CORP COM 67060Y101 6,553 252,130 SH   SOLE 1 9,697 0 242,433
NV5 HLDGS INC COM 62945V109 7,279 733,766 SH   SOLE 1 16,600 0 717,166
NATIONAL WESTN LIFE INS CO CL A 638522102 10,901 44,584 SH   SOLE 1 3,001 0 41,583
OWENS ILL INC COM NEW 690768403 22,342 660,430 SH   SOLE 1 16,400 0 644,030
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 280 21,300 SH   SOLE 1 15,800 0 5,500
PFIZER INC COM 717081103 495 15,405 SH   SOLE 1 500 0 14,905
EPLUS INC COM 294268107 2,248 40,309 SH   SOLE 1 0 0 40,309
PRGX GLOBAL INC COM NEW 69357C503 4,859 701,084 SH   SOLE 1 106,318 0 594,766
RENT A CTR INC NEW COM 76009N100 20,728 779,251 SH   SOLE 1 126,401 0 652,850
RENAISSANCERE HOLDINGS LTD COM G7496G103 3,924 40,204 SH   SOLE 1 0 0 40,204
RRSAT GLOBAL COMM NTWRK LTD SHS M8183P102 1,565 171,031 SH   SOLE 1 17,688 0 153,343
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 19,546 2,110,749 SH   SOLE 1 356,232 0 1,754,517
SERVICE CORP INTL COM 817565104 12,160 611,680 SH   SOLE 1 33,226 0 578,454
SPECTRA ENERGY CORP COM 847560109 693 18,758 SH   SOLE 1 250 0 18,508
SWIFT ENERGY CO COM 870738101 6,111 567,900 SH   SOLE 1 77,000 0 490,900
ABERDEEN SINGAPORE FD INC COM 003244100 436 34,971 SH   SOLE 1 10,849 0 24,122
INVENTURE FOODS INC COM 461212102 13,978 999,890 SH   SOLE 1 290,726 0 709,164
SPAN AMER MED SYS INC COM 846396109 1,156 50,446 SH   SOLE 1 40,108 0 10,338
ST JUDE MED INC COM 790849103 284 4,350 SH   SOLE 1 0 0 4,350
SUTRON CORP COM 869380105 638 117,469 SH   SOLE 1 0 0 117,469
SEAGATE TECHNOLOGY PLC SHS G7945M107 11,860 211,183 SH   SOLE 1 500 0 210,683
TOP IMAGE SYSTEMS LTD ORD M87896102 132 29,822 SH   SOLE 1 29,822 0 0
TITAN MACHY INC COM 88830R101 4,502 287,328 SH   SOLE 1 5,600 0 281,728
TOR MINERALS INTL INC COM NEW 890878309 1,098 104,511 SH   SOLE 1 104,511 0 0
TRAVELERS COMPANIES INC COM 89417E109 8,685 102,060 SH   SOLE 1 3,596 0 98,464
TETRA TECH INC NEW COM 88162G103 9,493 320,821 SH   SOLE 1 51,000 0 269,821
TUPPERWARE BRANDS CORP COM 899896104 25,512 304,590 SH   SOLE 1 46,450 0 258,140
USA TECHNOLOGIES INC COM NO PAR 90328S500 278 134,200 SH   SOLE 1 58,000 0 76,200
UNITIL CORP COM 913259107 1,777 54,125 SH   SOLE 1 0 0 54,125
VIMPELCOM LTD SPONSORED ADR 92719A106 93 10,300 SH   SOLE 1 10,300 0 0
WILSHIRE BANCORP INC COM 97186T108 21,720 1,956,736 SH   SOLE 1 652,155 0 1,304,581
EXXON MOBIL CORP COM 30231G102 480 4,916 SH   SOLE 1 0 0 4,916
HORSEHEAD HLDG CORP COM 440694305 2,695 160,217 SH   SOLE 1 0 0 160,217
CHINA ZENIX AUTO INTL LTD ADS 16951E104 85 33,000 SH   SOLE 1 0 0 33,000
JAPAN EQUITY FD INC COM 471057109 1,015 155,451 SH   SOLE 1 5,212 0 150,239