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
A H BELO CORP COM CL A 001282102 615 100,000 SH   SOLE   0 100,000 0
AAR CORP COM 000361105 4,611 137,108 SH   SOLE   0 137,108 0
ACACIA RESH CORP ACACIA TCH COM 003881307 27,185 4,727,904 SH   SOLE   0 4,581,574 146,330
ACCURAY INC COM 004397105 16,844 3,546,095 SH   SOLE   0 3,470,850 75,245
ADTRAN INC COM 00738A106 5,499 265,018 SH   SOLE   0 262,142 2,876
AES CORP COM 00130H105 13,975 1,250,000 SH   SOLE   0 1,250,000 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 7,455 531,359 SH   SOLE   0 525,598 5,761
AMERICAN EXPRESS CO COM 025816109 12,622 159,555 SH   SOLE   0 157,867 1,688
AMERICAN HOMES 4 RENT CL A 02665T306 7,299 317,907 SH   SOLE   0 317,907 0
AMERICAN VANGUARD CORP COM 030371108 10,912 657,328 SH   SOLE   0 657,328 0
ASPEN AEROGELS INC. COM 04523Y105 3,818 920,000 SH   SOLE   0 920,000 0
ASSOCIATED BANC CORP COM 045487105 13,325 546,101 SH   SOLE   0 546,101 0
ASSURANT INC COM 04621X108 277 2,899 SH   SOLE   0 2,899 0
AT&T INC COM 00206R102 7,864 189,264 SH   SOLE   0 187,213 2,051
AV HOMES INC COM 00234P102 14,058 854,600 SH   SOLE   0 826,600 28,000
AVNET INC COM 053807103 411 8,972 SH   SOLE   0 8,972 0
AVX CORP NEW COM 002444107 192 11,738 SH   SOLE   0 11,738 0
BABCOCK & WILCOX ENTERPRIS I COM 05614L100 828 88,600 SH   SOLE   0 64,500 24,100
BAKER HUGHES INC COM 057224107 11,485 191,986 SH   SOLE   0 189,735 2,251
BANK NEW YORK MELLON CORP. COM 064058100 11,208 237,302 SH   SOLE   0 234,684 2,618
BARRETT BUSINESS SERVICES IN COM 068463108 26,673 488,340 SH   SOLE   0 477,585 10,755
BB&T CORP COM 054937107 10,492 234,716 SH   SOLE   0 232,200 2,516
BENCHMARK ELECTRS INC COM 08160H101 11,350 356,928 SH   SOLE   0 356,928 0
BOISE CASCADE CO DEL COM 09739D100 7,047 263,928 SH   SOLE   0 259,453 4,475
BORG WARNER INC. COM 099724106 4,109 98,333 SH   SOLE   0 97,271 1,062
BOSTON PRIVATE FINL HLDGS IN COM 101119105 12,869 784,715 SH   SOLE   0 782,417 2,298
BRAVO BRIO RESTAURANT GROUP COM 10567B109 5,857 1,148,375 SH   SOLE   0 1,012,175 136,200
BUNGE LIMITED COM G16962105 4,576 57,736 SH   SOLE   0 57,218 518
CA INC COM 12673P105 12,510 394,388 SH   SOLE   0 390,298 4,090
CABOT OIL & GAS CORP COM 127097103 285 11,918 SH   SOLE   0 11,918 0
CALLAWAY GOLF CO COM 131193104 9,097 821,730 SH   SOLE   0 821,730 0
CAPITAL BK FINL CORP CL A COM 139794101 15,454 356,084 SH   SOLE   0 356,084 0
CAPITAL CITY BK GROUP INC COM 139674105 12,630 590,446 SH   SOLE   0 571,835 18,611
CARBO CERAMICS INC COM 140781105 10,567 810,380 SH   SOLE   0 810,380 0
CARETRUST REIT INC COM 14174T107 25,744 1,530,577 SH   SOLE   0 1,493,777 36,800
CELESTICA INC SUB VTG SHS 15101Q108 4,359 300,000 SH   SOLE   0 300,000 0
CENTERSTATE BANKS INC COM 15201P109 9,929 383,362 SH   SOLE   0 383,362 0
CENTURY BANCORP INC MASS CL A NON VTG 156432106 1,725 28,364 SH   SOLE   0 28,364 0
CHRISTOPHER & BANKS CORP. COM 171046105 1,110 750,000 SH   SOLE   0 750,000 0
CISCO SYS INC COM 17275R102 10,241 302,977 SH   SOLE   0 299,629 3,348
CNA FINL CORP COM 126117100 470 10,642 SH   SOLE   0 10,642 0
CONMED CORP COM 207410101 1,773 39,930 SH   SOLE   0 39,930 0
CORNING INC COM 219350105 8,140 301,471 SH   SOLE   0 298,234 3,237
CPI AEROSTRUCTURES INC COM NEW 125919308 5,198 770,000 SH   SOLE   0 770,000 0
CUI GLOBAL INC COM NEW 126576206 10,550 2,225,700 SH   SOLE   0 2,060,875 164,825
DEAN FOODS CO NEW COM NEW 242370203 6,176 314,145 SH   SOLE   0 314,145 0
DESTINATION MATERNITY CORP COM 25065D100 2,786 653,976 SH   SOLE   0 653,976 0
DIEBOLD INC COM 253651103 2,886 94,004 SH   SOLE   0 94,004 0
DIGIRAD CORP COM 253827109 4,677 882,471 SH   SOLE   0 882,471 0
DONEGAL GROUP INC CL A 257701201 7,048 400,000 SH   SOLE   0 400,000 0
DUN & BRADSTREET CORP DEL NE COM 26483E100 288 2,665 SH   SOLE   0 2,665 0
DYNAMIC MATLS CORP COM 23291C103 13,983 1,127,696 SH   SOLE   0 1,127,696 0
EMERSON ELECTRIC CO COM 291011104 9,996 166,983 SH   SOLE   0 165,163 1,820
ENCORE WIRE CORP COM 292562105 12,355 268,597 SH   SOLE   0 268,597 0
ENSIGN GROUP INC COM 29358P101 7,520 400,000 SH   SOLE   0 400,000 0
ENTEGRIS INC COM 29362U104 9,691 414,149 SH   SOLE   0 414,149 0
ENTERGY CORP NEW COM 29364G103 11,503 151,438 SH   SOLE   0 149,842 1,596
EQUITY COMMONWEALTH COM SH BEN INT 294628102 16,347 523,606 SH   SOLE   0 519,883 3,723
EVERTEC INC. COM 30040P103 7,824 492,075 SH   SOLE   0 480,400 11,675
EXELON CORP COM 30161N101 12,948 359,860 SH   SOLE   0 356,162 3,698
EXPRESS SCRIPTS HLDG CO COM 30219G108 8,978 136,212 SH   SOLE   0 134,727 1,485
EXXON MOBIL CORP COM 30231G102 16,137 196,770 SH   SOLE   0 194,686 2,084
FARMER BROS. CO. COM 307675108 4,853 137,287 SH   SOLE   0 137,287 0
FEDERATED NATIONAL HOLDING CO. COM 31422T101 3,486 200,000 SH   SOLE   0 200,000 0
FIRST INTERNET BANCORP COM 320557101 6,638 225,000 SH   SOLE   0 225,000 0
FIRSTCASH INC COM 33767D105 12,082 245,815 SH   SOLE   0 245,815 0
FIRSTENERGY CORP COM 337932107 310 9,751 SH   SOLE   0 9,751 0
FLAMEL TECHNOLOGIES SA ADR SPONSORED ADR 05337M104 6,776 700,000 SH   SOLE   0 700,000 0
FLUOR CORPORATION NEW COM 343412102 8,115 154,215 SH   SOLE   0 152,530 1,685
FORESTAR GROUP INC. COM 346233109 4,877 357,316 SH   SOLE   0 357,316 0
FRANKLIN RES INC COM 354613101 6,903 163,812 SH   SOLE   0 162,227 1,585
FUELCELL ENERGY INC COM 35952H502 138 100,000 SH   SOLE   0 100,000 0
GAMESTOP CORP NEW CL A 36467W109 9,020 400,000 SH   SOLE   0 400,000 0
GANNETT CO., INC. COM 36473H104 3,352 400,000 SH   SOLE   0 400,000 0
GLOBAL EAGLE ENTERTAINMENT INC. COM 37951D102 957 300,000 SH   SOLE   0 300,000 0
GREIF INC CL A 397624107 11,864 215,351 SH   SOLE   0 215,351 0
GULF ISLAND FABRICATION INC COM 402307102 8,928 772,991 SH   SOLE   0 772,991 0
HAEMONETICS CORP. COM 405024100 10,048 247,674 SH   SOLE   0 247,674 0
HAIN CELESTIAL GROUP INC COM 405217100 7,985 214,656 SH   SOLE   0 214,656 0
HANCOCK HLDG CO COM 410120109 8,610 189,019 SH   SOLE   0 189,019 0
HARLEY DAVIDSON INC COM 412822108 422 6,982 SH   SOLE   0 6,982 0
HARVARD BIOSCIENCE INC COM 416906105 5,460 2,100,000 SH   SOLE   0 2,100,000 0
HEIDRICK & STRUGGLES INTL IN COM 422819102 11,341 430,411 SH   SOLE   0 430,411 0
HERITAGE FINL CORP WASH COM 42722X106 9,900 400,000 SH   SOLE   0 400,000 0
HESS CORP COM 42809H107 11,325 234,904 SH   SOLE   0 232,574 2,330
HUDSON GLOBAL INC COM 443787106 5,931 4,707,445 SH   SOLE   0 4,355,044 352,401
HUDSON TECHNOLOGIES INC COM 444144109 12,870 1,950,000 SH   SOLE   0 1,950,000 0
HYDROGENICS CORP NEW COM 448883207 6,801 1,015,000 SH   SOLE   0 1,015,000 0
IAMGOLD CORP COM 450913108 14,066 3,516,250 PRN   OTR   0 3,317,150 199,100
IMMUCELL CORPORATION COM PAR $0.10 452525306 1,244 225,000 SH   SOLE   0 225,000 0
INNOPHOS HOLDINGS INC. COM 45774N108 10,383 192,378 SH   SOLE   0 192,378 0
INTRICON CORP. COM 46121H109 7,324 804,877 SH   SOLE   0 749,367 55,510
INVACARE CORP COM 461203101 20,440 1,717,608 SH   SOLE   0 1,713,503 4,105
JASON INDS INC COM 471172106 607 409,890 SH   SOLE   0 409,890 0
JERNIGAN CAP INC COM 476405105 13,033 565,650 SH   SOLE   0 537,750 27,900
JUNIPER PHARMACEUTICALS INC COM 48203L107 1,900 400,000 SH   SOLE   0 400,000 0
K12 INC COM 48273U102 7,745 404,433 SH   SOLE   0 404,433 0
KENNAMETAL INC COM 489170100 16,250 414,224 SH   SOLE   0 412,189 2,035
KENNEDY-WILSON HOLDINGS INC COM 489398107 20,889 940,950 SH   SOLE   0 916,350 24,600
KID BRANDS INC COM 497266106 8,538 121,027 SH   SOLE   0 119,740 1,287
KNOWLES CORP COM 49926D109 2,843 150,000 SH   SOLE   0 150,000 0
LAMAR ADVERTISING COMPANY NEW CL A 512816109 8,400 112,384 SH   SOLE   0 112,384 0
LANDEC CORP COM 514766104 11,543 961,950 SH   SOLE   0 902,950 59,000
LANNETT COMPANY, INC. COM 516012101 11,175 500,000 SH   SOLE   0 500,000 0
LGI HOMES, INC. COM 50187T106 23,805 702,000 SH   SOLE   0 681,500 20,500
LINCOLN EDL SVCS CORP COM 533535100 12,480 4,441,310 SH   SOLE   0 3,981,999 459,311
LINDSAY CORP COM 535555106 9,551 108,386 SH   SOLE   0 108,386 0
M D C HLDGS INC COM 552676108 12,020 400,001 SH   SOLE   0 400,000 1
MAINSOURCE FINANCIAL GP INC COM 56062Y102 16,465 500,000 SH   SOLE   0 500,000 0
MARATHON PATENT GROUP INC COM NEW 56585W203 1,735 1,701,000 SH   SOLE   0 1,701,000 0
MARTEN TRANS LTD COM 573075108 2,345 100,000 SH   SOLE   0 100,000 0
MDU RES GROUP INC COM 552690109 21,201 774,590 SH   SOLE   0 772,459 2,131
MELLANOX TECHNOLOGIES LTD SHS M51363113 14,011 275,000 SH   SOLE   0 275,000 0
MGIC INVT CORP WIS COM 552848103 24,048 2,373,935 SH   SOLE   0 2,304,735 69,200
MURPHY USA INC COM 626755102 261 3,561 SH   SOLE   0 3,561 0
NATIONAL OILWELL VARCO INC COM 637071101 434 10,818 SH   SOLE   0 10,818 0
NCI INC CL A 62886K104 8,064 535,844 SH   SOLE   0 535,844 0
NEWPARK RES INC COM PAR $.01NEW 651718504 7,456 920,504 SH   SOLE   0 909,003 11,501
NORTHWEST PIPE CO COM 667746101 8,584 546,400 SH   SOLE   0 535,000 11,400
NOW INC. COM 67011P100 9,149 539,423 SH   SOLE   0 539,423 0
NXSTAGE MEDICAL, INC. COM 67072V103 2,683 100,000 SH   SOLE   0 100,000 0
OIL DRI CORP AMER COM 677864100 3,727 100,000 SH   SOLE   0 100,000 0
OIL STS INTL INC COM 678026105 5,138 155,001 SH   SOLE   0 153,208 1,793
OLD NATL BANCORP IND COM 680033107 7,141 411,593 SH   SOLE   0 411,593 0
OLIN CORP COM PAR $1 680665205 280 8,507 SH   SOLE   0 8,507 0
OMEGA PROTEIN CORPORATION COM 68210P107 2,903 144,800 SH   SOLE   0 144,800 0
ONEBEACON INSURANCE GROUP LT CL A G67742109 15,598 974,878 SH   SOLE   0 974,878 0
ORACLE CORP COM 68389X105 8,769 196,565 SH   SOLE   0 194,387 2,178
OSHKOSH CORP COM 688239201 5,870 85,586 SH   SOLE   0 84,695 891
PACCAR INC COM 693718108 374 5,566 SH   SOLE   0 5,566 0
PACWEST BANCORP DEL COM 695263103 10,652 200,000 SH   SOLE   0 200,000 0
PARK ELECTROCHEMICAL CORP COM 700416209 28,234 1,580,853 SH   SOLE   0 1,580,853 0
PARKER HANNIFIN CORP COM 701094104 278 1,733 SH   SOLE   0 1,733 0
PATTERSON UTI ENERGY INC COM 703481101 8,773 361,486 SH   SOLE   0 361,486 0
PEOPLES UTAH BANCORP COM 712706209 3,968 150,000 SH   SOLE   0 150,000 0
PERMA-FIX ENVIRONMENTAL SVCS COM NEW 714157203 5,259 1,669,439 SH   SOLE   0 1,507,832 161,607
PFIZER INC COM 717081103 7,773 227,208 SH   SOLE   0 224,776 2,432
PHOTRONICS INC COM 719405102 7,440 695,360 SH   SOLE   0 686,732 8,628
PIONEER PWR SOLUTIONS INC COM NEW 723836300 2,629 350,500 SH   SOLE   0 350,500 0
PIXELWORKS INC COM NEW 72581M305 9,320 2,000,000 SH   SOLE   0 2,000,000 0
PNC FINL SVCS GROUP INC COM 693475105 11,823 98,324 SH   SOLE   0 97,259 1,065
POLAR POWER, INC. COM 73102V105 1,245 150,000 SH   SOLE   0 150,000 0
POPULAR INC COM NEW 733174700 473 11,621 SH   SOLE   0 11,621 0
POTASH CORP SASK INC COM 73755L107 6,204 363,226 SH   SOLE   0 359,276 3,950
POTLATCH CORPORATIO NEW COM 737630103 6,351 138,971 SH   SOLE   0 138,971 0
POWELL INDS INC COM 739128106 5,333 154,848 SH   SOLE   0 154,848 0
PRINCIPAL FINL GROUP INC COM 74251V102 8,713 138,068 SH   SOLE   0 136,549 1,519
PROGRESS SOFTWARE CORP COM 743312100 5,713 196,659 SH   SOLE   0 196,659 0
PULTE GROUP INC COM 745867101 5,823 247,251 SH   SOLE   0 244,452 2,799
QUEST DIAGNOSTICS INC COM 74834L100 14,082 143,415 SH   SOLE   0 141,856 1,559
RADIAN GROUP INC COM 750236101 16,946 943,550 SH   SOLE   0 918,050 25,500
RADISYS CORP COM 750459109 11,973 2,993,325 SH   SOLE   0 2,833,250 160,075
RCM TECHNOLOGIES INC COM NEW 749360400 5,236 1,100,000 SH   SOLE   0 1,100,000 0
REGIS CORP MINN COM 758932107 10,014 854,402 SH   SOLE   0 854,402 0
REINSURANCE GROUP AMER INC COM NEW 759351604 279 2,197 SH   SOLE   0 2,197 0
RETAILMENOT COM SER 1 76132B106 9,315 1,150,000 SH   SOLE   0 1,150,000 0
RING ENERGY INC COM 76680V108 3,246 300,000 SH   SOLE   0 300,000 0
RPC INC COM 749660106 6,974 380,892 SH   SOLE   0 380,892 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 6,893 111,482 SH   SOLE   0 111,482 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 4,268 336,098 SH   SOLE   0 336,098 0
SANOFI SPONS ADR 80105N105 4,374 96,667 SH   SOLE   0 95,650 1,017
SCHNITZER STL INDS CL A 806882106 13,723 664,548 SH   SOLE   0 662,909 1,639
SEMTECH CORP COM 816850101 9,272 274,317 SH   SOLE   0 274,317 0
SHARPS COMPLIANCE CORP COM 820017101 2,856 600,000 SH   SOLE   0 600,000 0
SONIC AUTOMOTIVE INC CL A 83545G102 2,340 116,700 SH   SOLE   0 116,700 0
SPARK ENERGY, INC. CL A COM 846511103 6,390 200,000 SH   SOLE   0 200,000 0
SPARTAN MTRS INC COM 846819100 5,600 700,000 SH   SOLE   0 700,000 0
SPIRIT AIRLS INC COM 848577102 4,374 82,417 SH   SOLE   0 81,533 884
STAPLES INC COM 855030102 332 37,804 SH   SOLE   0 37,804 0
STARTEK INC COM 85569C107 12,534 1,442,400 SH   SOLE   0 1,442,400 0
STATE AUTO FINL CORP COM 855707105 4,154 151,333 SH   SOLE   0 151,333 0
STONERIDGE INC COM 86183P102 4,535 250,000 SH   SOLE   0 250,000 0
SUNOPTA INC COM 8676EP108 3,823 550,000 SH   SOLE   0 550,000 0
SUNTRUST BKS INC COM 867914103 305 5,515 SH   SOLE   0 5,515 0
SUPERCOM LTD NEW SHS NEW M87095119 4,267 1,491,900 SH   SOLE   0 1,420,900 71,000
SYNERGY RES CORP COM 78470V108 15,329 1,816,200 SH   SOLE   0 1,731,500 84,700
TECHNIPFMC PLC COM G87110105 298 9,175 SH   SOLE   0 9,175 0
TECHTARGET INC COM 87874R100 3,612 400,000 SH   SOLE   0 400,000 0
THE BANCORP INC COM 05969A105 8,664 1,698,800 SH   SOLE   0 1,617,200 81,600
THERAPEUTICSMD COM 88338N107 5,400 750,000 SH   SOLE   0 750,000 0
TITAN MACHY INC COM 88830R101 4,602 300,000 SH   SOLE   0 300,000 0
TIVO CORP COM 88870P106 13,125 700,000 SH   SOLE   0 700,000 0
TRANSCAT INC COM 893529107 7,620 600,000 SH   SOLE   0 600,000 0
TRICO BANCSHARES COM 896095106 13,406 377,320 SH   SOLE   0 377,320 0
TRIMAS CORP COM NEW 896215209 11,356 547,268 SH   SOLE   0 547,268 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 9,211 1,545,550 SH   SOLE   0 1,425,750 119,800
TRIPLE-S MGMT CORP CL B 896749108 11,527 656,087 SH   SOLE   0 648,314 7,773
TRISTATE CAP HLDGS INC COM 89678F100 19,848 850,000 SH   SOLE   0 850,000 0
TRIUMPH GROUP INC NEW COM 896818101 7,725 300,000 SH   SOLE   0 300,000 0
UMPQUA HLDGS CORP COM 904214103 7,708 434,491 SH   SOLE   0 434,491 0
UNIT CORP COM 909218109 7,285 301,542 SH   SOLE   0 301,542 0
UNIVERSAL TECHNICAL INST INC COM 913915104 2,634 763,525 SH   SOLE   0 763,525 0
USA TECHNOLOGIES INC. COM NO PAR 90328S500 2,550 600,000 SH   SOLE   0 600,000 0
WAL MART STORES INC COM 931142103 12,484 173,194 SH   SOLE   0 171,289 1,905
WELLS FARGO & CO NEW COM 949746101 14,596 262,230 SH   SOLE   0 259,349 2,881
Werner Enterprises Inc COM 950755108 7,722 294,742 SH   SOLE   0 294,742 0
WEST CORP COM 952355204 3,663 150,000 SH   SOLE   0 150,000 0
WESTERN UN CO COM 959802109 389 19,108 SH   SOLE   0 19,108 0
WILLBROS GROUP INC DEL COM 969203108 11,785 4,301,210 SH   SOLE   0 4,094,908 206,302
WOLVERINE WORLD WIDE INC COM 978097103 8,793 352,162 SH   SOLE   0 352,162 0
ZIONS BANCORPORATION COM 989701107 20,328 484,000 SH   SOLE   0 482,361 1,639