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
STARR BULK CARRIERS CORP SHS NEW Y8162K121 1,181 401,858 SH   OTR 1 401,858 0 0
STEALTHGAS INC SHS Y81669106 1,384 205,050 SH   OTR 1 205,050 0 0
ADVANCED ENERGY INDS COM 007973100 351 12,755 SH   SOLE N/A 12,755 0 0
ADVANCED ENERGY INDS COM 007973100 1,774 64,515 SH   OTR 1 64,515 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 924 53,675 SH   OTR 1 53,675 0 0
AMREP CORP NEW COM 032159105 26 5,030 SH   SOLE N/A 5,030 0 0
AMREP CORP NEW COM 032159105 3,503 686,893 SH   OTR 1 686,893 0 0
APPLE INC COM 037833100 394 3,140 SH   SOLE N/A 3,140 0 0
ARGAN INC COM 04010E109 16 400 SH   SOLE N/A 400 0 0
ATWOOD OCEANICS INC COM 050095108 554 20,942 SH   SOLE N/A 20,942 0 0
ATWOOD OCEANICS INC COM 050095108 2,789 105,502 SH   OTR 1 105,502 0 0
BALDWIN & LYONS INC CL A 057755100 448 19,884 SH   OTR 1 19,884 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 914 6,715 SH   OTR 1 6,715 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 1,535 119,544 SH   SOLE N/A 119,544 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 29,474 2,295,487 SH   OTR 1 2,295,487 0 0
CGG SPONS ADR 12531Q105 54 9,340 SH   SOLE N/A 9,340 0 0
CGG SPONS ADR 12531Q105 58 10,063 SH   OTR 1 10,063 0 0
CPI AEROSTRUCTURES INC COM NEW 125919308 1,358 135,711 SH   OTR 1 135,711 0 0
CANADIAN NAT RES LTD COM 136385101 870 32,029 SH   SOLE N/A 32,029 0 0
CANADIAN NAT RES LTD COM 136385101 5,958 219,370 SH   OTR 1 219,370 0 0
CAVCO INDS INC DEL COM 149568107 1,114 14,772 SH   SOLE N/A 14,772 0 0
CAVCO INDS INC DEL COM 149568107 12,880 170,735 SH   OTR 1 170,735 0 0
COAST DISTR SYS COM 190345108 95 26,000 SH   SOLE N/A 26,000 0 0
COAST DISTR SYS COM 190345108 1,203 329,654 SH   OTR 1 329,654 0 0
DAWSON GEOPHYSICAL CO COM 239359102 29 6,127 SH   SOLE N/A 6,127 0 0
DAWSON GEOPHYSICAL CO COM 239360100 34 7,248 SH   OTR 1 7,248 0 0
DEVON ENERGY CORP NEW COM 25179M103 242 4,075 SH   OTR 1 4,075 0 0
ERA GROUP INC COM 26885G109 17 840 SH   SOLE N/A 840 0 0
ERA GROUP INC COM 26885G109 973 47,526 SH   OTR 1 47,526 0 0
GAMESTOP CORP NEW CL A 36467W109 7,177 167,070 SH   OTR 1 167,070 0 0
GIBRALTAR INDS INC COM 374689107 4,062 199,393 SH   OTR 1 199,393 0 0
GLOBAL POWER EQUIPMENT GRP INC COM PAR $0.01 37941P306 290 37,399 SH   OTR 1 37,399 0 0
GRAFTECH INTL LTD COM 384313102 232 46,700 SH   SOLE N/A 46,700 0 0
HALLADOR ENERGY COMPANY COM 40609P105 238 28,569 SH   SOLE N/A 28,569 0 0
HALLADOR ENERGY COMPANY COM 40609P105 261 31,256 SH   OTR 1 31,256 0 0
HELMERICH & PAYNE INC COM 423452101 91 1,294 SH   SOLE N/A 1,294 0 0
HELMERICH & PAYNE INC COM 423452101 4,068 57,762 SH   OTR 1 57,762 0 0
INSTEEL INDUSTRIES INC COM 45774W108 1,730 92,525 SH   OTR 1 92,525 0 0
INTERGRATED ELECTRICAL SVC COM 45811E305 176 24,827 SH   SOLE N/A 24,827 0 0
JOY GLOBAL INC COM 481165108 2 53 SH   SOLE N/A 53 0 0
JOY GLOBAL INC COM 481165108 496 13,700 SH   OTR 1 13,700 0 0
LSB INDS INC COM 502160104 311 7,623 SH   SOLE N/A 7,623 0 0
LSB INDS INC COM 502160104 13,983 342,381 SH   OTR 1 342,381 0 0
LEUCADIA NATL CORP COM 527288104 447 18,418 SH   SOLE N/A 18,418 0 0
LEUCADIA NATL CORP COM 527288104 14,628 602,484 SH   OTR 1 602,484 0 0
LINCOLN ELEC HLDGS INC COM 533900106 11 175 SH   SOLE N/A 175 0 0
LINCOLN ELEC HLDGS INC COM 533900106 5,701 93,625 SH   OTR 1 93,625 0 0
LIQUIDITY SERVICES INC COM 53635B107 109 11,350 SH   SOLE N/A 11,350 0 0
LIQUIDITY SERVICES INC COM 53635B107 4,735 491,684 SH   OTR 1 491,684 0 0
MANHATTAN BRIDGE CAPITAL INC COM 562803106 44 10,000 SH   SOLE N/A 10,000 0 0
MERCK & CO INC NEW COM 58933Y105 228 4,000 SH   OTR 1 4,000 0 0
MOBILE MINI INC COM 60740F105 34 820 SH   SOLE N/A 820 0 0
MOBILE MINI INC COM 60740F105 1,138 27,072 SH   OTR 1 27,072 0 0
NATIONAL WESTN LIFE INS CO CL A 638522102 35 146 SH   SOLE N/A 146 0 0
NATIONAL WESTN LIFE INS CO CL A 638522102 439 1,833 SH   OTR 1 1,833 0 0
OMNOVA SOLUTIONS INC COM 682129101 34 4,550 SH   SOLE N/A 4,550 0 0
OMNOVA SOLUTIONS INC COM 682129101 9,562 1,276,613 SH   OTR 1 1,276,613 0 0
PHI INC COM VTG 69336T106 449 13,689 SH   OTR 1 13,689 0 0
PICO HLDGS INC COM NEW 693366205 104 7,090 SH   SOLE N/A 7,090 0 0
PICO HLDGS INC COM NEW 693366205 2,079 141,235 SH   OTR 1 141,235 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 2,229 107,711 SH   SOLE N/A 107,711 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 14,421 696,990 SH   OTR 1 696,990 0 0
PRICESMART INC COM 741511109 4 45 SH   SOLE N/A 45 0 0
PRICESMART INC COM 741511109 1,443 15,820 SH   OTR 1 15,820 0 0
RUBY TUESDAY INC COM 781182100 6 1,025 SH   SOLE N/A 1,025 0 0
RUBY TUESDAY INC COM 781182100 256 40,900 SH   OTR 1 40,900 0 0
SEACOR HOLDINGS INC COM 811904101 73 1,025 SH   SOLE N/A 1,025 0 0
SEACOR HOLDINGS INC COM 811904101 5,112 72,061 SH   OTR 1 72,061 0 0
SENECA FOODS CORP NEW CL A 817070501 11 380 SH   SOLE N/A 380 0 0
SENECA FOODS CORP NEW CL A 817070501 2,103 75,712 SH   OTR 1 75,712 0 0
SKYLINE CORP COM 830830105 43 14,700 SH   OTR 1 14,700 0 0
STOCK BLDG SUPPLY HLDGS INC COM 86101X104 1,004 51,371 SH   OTR 1 51,371 0 0
TAL INTL GROUP INC COM 874083108 224 7,075 SH   OTR 1 7,075 0 0
TIMKEN CO COM 887389104 218 5,965 SH   OTR 1 5,965 0 0
U M H PROPERTIES INC COM 903002103 219 22,350 SH   SOLE N/A 22,350 0 0
U M H PROPERTIES INC COM 903002103 6,779 691,684 SH   OTR 1 691,684 0 0
WPX ENERGY INC COM 98212B103 742 60,400 SH   OTR 1 60,400 0 0
XERIUM TECHNOLOGIES INC COM NEW 98416J118 2,482 136,368 SH   OTR 1 136,368 0 0