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
3M CO COM 88579Y101 3,607 17,326 SH   SOLE   17,326 0 0
A H BELO CORP COM CL A 001282102 5,861 1,065,620 SH   SOLE   1,065,620 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 4,567 36,922 SH   SOLE   36,922 0 0
ADDUS HOMECARE CORP COM 006739106 6,131 164,800 SH   SOLE   164,800 0 0
AGILYSYS INC COM 00847J105 4,336 428,480 SH   SOLE   428,480 0 0
ALAMO GROUP INC COM 011311107 5,701 62,780 SH   SOLE   62,780 0 0
ALLERGAN PLC SHS G0177J108 4,804 19,763 SH   SOLE   19,763 0 0
ALLIED MOTION TECHNOLOGIES I COM 019330109 2,699 99,153 SH   SOLE   99,153 0 0
AMERCO COM 023586100 9,217 25,178 SH   SOLE   25,178 0 0
AMERIPRISE FINL INC COM 03076C106 5,906 46,399 SH   SOLE   46,399 0 0
ANTHEM INC COM 036752103 5,609 29,813 SH   SOLE   29,813 0 0
ARBOR RLTY TR INC COM 038923108 9,291 1,113,990 SH   SOLE   1,113,990 0 0
ARC DOCUMENT SOLUTIONS INC COM 00191G103 7,257 1,744,414 SH   SOLE   1,744,414 0 0
ARES CAP CORP COM 04010L103 5,454 332,986 SH   SOLE   332,986 0 0
ASTRONOVA INC COM 04638F108 3,326 257,860 SH   SOLE   257,860 0 0
AUTOBYTEL INC COM NEW 05275N205 1,513 120,000 SH   SOLE   120,000 0 0
AWARE INC MASS COM 05453N100 3,388 657,879 SH   SOLE   657,879 0 0
B RILEY FINL INC COM 05580M108 13,628 734,673 SH   SOLE   734,673 0 0
BAR HBR BANKSHARES COM 066849100 8,110 263,126 SH   SOLE   263,126 0 0
BASSETT FURNITURE INDS INC COM 070203104 2,011 53,000 SH   SOLE   53,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 5,945 35,098 SH   SOLE   35,098 0 0
BG STAFFING INC COM 05544A109 2,272 130,742 SH   SOLE   130,742 0 0
BLACKROCK CAPITAL INVESTMENT COM 092533108 8,458 1,129,189 SH   SOLE   1,129,189 0 0
BLACKROCK MUN 2030 TAR TERM COM SHS BEN IN 09257P105 4,550 196,612 SH   SOLE   196,612 0 0
BLACKROCK RES & COMM STRAT T SHS 09257A108 1,178 147,007 SH   SOLE   147,007 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 5,094 319,959 SH   SOLE   319,959 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 6,779 214,514 SH   SOLE   214,514 0 0
BOEING CO COM 097023105 5,613 28,383 SH   SOLE   28,383 0 0
BOULDER GROWTH & INCOME FD I COM 101507101 2,712 279,330 SH   SOLE   279,330 0 0
BRUNSWICK CORP COM 117043109 6,124 97,618 SH   SOLE   97,618 0 0
BSB BANCORP INC MD COM 05573H108 4,363 149,150 SH   SOLE   149,150 0 0
CALAMOS DYNAMIC CONV & INCOM COM 12811V105 5,398 269,745 SH   SOLE   269,745 0 0
CALLAWAY GOLF CO COM 131193104 15,482 1,211,412 SH   SOLE   1,211,412 0 0
CANTEL MEDICAL CORP COM 138098108 212 2,725 SH   SOLE   2,725 0 0
CAPITAL SOUTHWEST CORP COM 140501107 28,700 1,784,841 SH   SOLE   1,784,841 0 0
CARBONITE INC COM 141337105 6,933 318,015 SH   SOLE   318,015 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 1,630 143,375 SH   SOLE   143,375 0 0
CECO ENVIRONMENTAL CORP COM 125141101 7,688 837,483 SH   SOLE   837,483 0 0
CENTURYLINK INC COM 156700106 5,482 229,567 SH   SOLE   229,567 0 0
CHEROKEE INC DEL NEW COM 16444H102 2,183 314,050 SH   SOLE   314,050 0 0
CHIMERA INVT CORP COM NEW 16934Q208 7,427 398,651 SH   SOLE   398,651 0 0
CINTAS CORP COM 172908105 4,121 32,696 SH   SOLE   32,696 0 0
COCA COLA CO COM 191216100 2,512 56,000 SH   SOLE   56,000 0 0
COLONY NORTHSTAR INC CL A COM 19625W104 5,696 404,285 SH   SOLE   404,285 0 0
COLUMBUS MCKINNON CORP N Y COM 199333105 1,703 67,000 SH   SOLE   67,000 0 0
COMMERCEHUB INC COM SER A 20084V108 2,752 158,000 SH   SOLE   158,000 0 0
COMMERCEHUB INC COM SER C 20084V306 7,166 410,895 SH   SOLE   410,895 0 0
CORE MOLDING TECHNOLOGIES IN COM 218683100 4,795 221,901 SH   SOLE   221,901 0 0
CORENERGY INFRASTRUCTURE TR COM NEW 21870U502 5,950 177,133 SH   SOLE   177,133 0 0
CSW INDUSTRIALS INC COM 126402106 6,836 176,863 SH   SOLE   176,863 0 0
CULP INC COM 230215105 2,264 69,676 SH   SOLE   69,676 0 0
CVS HEALTH CORP COM 126650100 4,485 55,743 SH   SOLE   55,743 0 0
CYBEROPTICS CORP COM 232517102 1,536 74,400 SH   SOLE   74,400 0 0
DEERE & CO COM 244199105 3,640 29,456 SH   SOLE   29,456 0 0
DELUXE CORP COM 248019101 10,363 149,716 SH   SOLE   149,716 0 0
DESTINATION XL GROUP INC COM 25065K104 4,090 1,740,556 SH   SOLE   1,740,556 0 0
DEUTSCHE HIGH INCOME OPPORT COM 25158Y102 6,780 455,665 SH   SOLE   455,665 0 0
DICKS SPORTING GOODS INC COM 253393102 3,638 91,329 SH   SOLE   91,329 0 0
DIGI INTL INC COM 253798102 15,048 1,482,574 SH   SOLE   1,482,574 0 0
DIGIRAD CORP COM 253827109 5,175 1,277,781 SH   SOLE   1,277,781 0 0
DLH HLDGS CORP COM 23335Q100 2,015 373,900 SH   SOLE   373,900 0 0
DOUGLAS DYNAMICS INC COM 25960R105 15,541 472,377 SH   SOLE   472,377 0 0
DRIVE SHACK INC COM 262077100 7,768 2,466,122 SH   SOLE   2,466,122 0 0
DST SYS INC DEL COM 233326107 3,601 58,368 SH   SOLE   58,368 0 0
EASTERLY GOVT PPTYS INC COM 27616P103 5,580 266,334 SH   SOLE   266,334 0 0
EATON VANCE TX ADV GLBL DIV COM 27828S101 6,189 362,556 SH   SOLE   362,556 0 0
ECOLAB INC COM 278865100 863 6,500 SH   SOLE   6,500 0 0
ENSTAR GROUP LIMITED SHS G3075P101 7,255 36,520 SH   SOLE   36,520 0 0
ENTEGRA FINL CORP COM 29363J108 6,271 275,670 SH   SOLE   275,670 0 0
ETSY INC COM 29786A106 6,072 404,790 SH   SOLE   404,790 0 0
EVOLUTION PETROLEUM CORP COM 30049A107 2,414 298,000 SH   SOLE   298,000 0 0
EXA CORP COM 300614500 409 29,656 SH   SOLE   29,656 0 0
EXXON MOBIL CORP COM 30231G102 3,943 48,839 SH   SOLE   48,839 0 0
FARMERS NATL BANC CORP COM 309627107 2,174 149,920 SH   SOLE   149,920 0 0
FERRO CORP COM 315405100 13,065 714,334 SH   SOLE   714,334 0 0
FIBROGEN INC COM 31572Q808 1,024 31,698 SH   SOLE   31,698 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 3,996 343,000 SH   SOLE   343,000 0 0
FIRST NORTHWEST BANCORP COM 335834107 4,455 282,520 SH   SOLE   282,520 0 0
FIRST TR DYNAMIC EUROPE EQT COM SHS 33740D107 6,319 335,933 SH   SOLE   335,933 0 0
FISERV INC COM 337738108 5,758 47,068 SH   SOLE   47,068 0 0
FRANKLIN COVEY CO COM 353469109 7,986 413,779 SH   SOLE   413,779 0 0
GENTHERM INC COM 37253A103 5,743 148,013 SH   SOLE   148,013 0 0
GREEN BRICK PARTNERS INC COM 392709101 14,544 1,270,210 SH   SOLE   1,270,210 0 0
HACKETT GROUP INC COM 404609109 10,267 662,361 SH   SOLE   662,361 0 0
HERITAGE CRYSTAL CLEAN INC COM 42726M106 3,480 218,866 SH   SOLE   218,866 0 0
HOOKER FURNITURE CORP COM 439038100 11,879 288,685 SH   SOLE   288,685 0 0
HORACE MANN EDUCATORS CORP N COM 440327104 6,907 182,733 SH   SOLE   182,733 0 0
HORMEL FOODS CORP COM 440452100 3,834 112,412 SH   SOLE   112,412 0 0
I D SYSTEMS INC COM 449489103 837 136,605 SH   SOLE   136,605 0 0
IEC ELECTRS CORP NEW COM 44949L105 1,156 321,200 SH   SOLE   321,200 0 0
INFORMATION SERVICES GROUP I COM 45675Y104 3,678 895,000 SH   SOLE   895,000 0 0
INTL FCSTONE INC COM 46116V105 20,164 534,011 SH   SOLE   534,011 0 0
INVESCO LTD SHS G491BT108 4,126 117,257 SH   SOLE   117,257 0 0
ITT INC COM 45073V108 1,902 47,335 SH   SOLE   47,335 0 0
J & J SNACK FOODS CORP COM 466032109 4,690 35,515 SH   SOLE   35,515 0 0
JOHNSON & JOHNSON COM 478160104 5,159 38,998 SH   SOLE   38,998 0 0
JPMORGAN CHASE & CO COM 46625H100 6,910 75,597 SH   SOLE   75,597 0 0
KIMBALL INTL INC CL B 494274103 4,937 295,800 SH   SOLE   295,800 0 0
KINGSTONE COS INC COM 496719105 2,295 150,000 SH   SOLE   150,000 0 0
LANDAUER INC COM 51476K103 14,265 272,761 SH   SOLE   272,761 0 0
LAWSON PRODS INC COM 520776105 2,437 110,000 SH   SOLE   110,000 0 0
LEAF GROUP LTD COM 52177G102 4,738 607,400 SH   SOLE   607,400 0 0
LENDINGTREE INC NEW COM 52603B107 5,215 30,287 SH   SOLE   30,287 0 0
LITHIA MTRS INC CL A 536797103 9,074 96,297 SH   SOLE   96,297 0 0
LSC COMMUNICATIONS INC COM 50218P107 6,728 314,407 SH   SOLE   314,407 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 8,481 108,180 SH   SOLE   108,180 0 0
MADDEN STEVEN LTD COM 556269108 5,948 148,876 SH   SOLE   148,876 0 0
MADISON CVRED CALL & EQ STR COM 557437100 10,933 1,396,331 SH   SOLE   1,396,331 0 0
MALIBU BOATS INC COM CL A 56117J100 14,548 562,354 SH   SOLE   562,354 0 0
MCBC HLDGS INC COM 55276F107 3,686 188,550 SH   SOLE   188,550 0 0
MICROSOFT CORP COM 594918104 7,093 102,905 SH   SOLE   102,905 0 0
MONOTYPE IMAGING HOLDINGS IN COM 61022P100 4,594 251,012 SH   SOLE   251,012 0 0
MVC CAPITAL INC COM 553829102 2,418 245,237 SH   SOLE   245,237 0 0
NATHANS FAMOUS INC NEW COM 632347100 1,651 26,200 SH   SOLE   26,200 0 0
NATIONAL CINEMEDIA INC COM 635309107 3,532 476,000 SH   SOLE   476,000 0 0
NATURAL GAS SERVICES GROUP COM 63886Q109 9,268 372,960 SH   SOLE   372,960 0 0
NAUTILUS INC COM 63910B102 15,290 798,439 SH   SOLE   798,439 0 0
NCR CORP NEW COM 62886E108 3,816 93,438 SH   SOLE   93,438 0 0
NEUBERGER BERMAN MLP INCOME COM 64129H104 12,617 1,311,544 SH   SOLE   1,311,544 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190A103 5,547 1,027,222 SH   SOLE   1,027,222 0 0
NEW SR INVT GROUP INC COM 648691103 8,411 836,943 SH   SOLE   836,943 0 0
NORTHSTAR REALTY EUROPE CORP COM 66706L101 8,248 650,496 SH   SOLE   650,496 0 0
NOVANTA INC COM 67000B104 5,893 163,695 SH   SOLE   163,695 0 0
NOVARTIS A G SPONSORED ADR 66987V109 2,656 31,816 SH   SOLE   31,816 0 0
NUMEREX CORP PA CL A 67053A102 1,591 322,745 SH   SOLE   322,745 0 0
NUVEEN BUILD AMER BD FD COM 67074C103 8,066 384,279 SH   SOLE   384,279 0 0
NUVEEN INTER DURATION MN TMF COM 670671106 3,795 284,454 SH   SOLE   284,454 0 0
NUVEEN MTG OPPORTUNITY TERM COM 670735109 12,417 484,834 SH   SOLE   484,834 0 0
OFS CAP CORP COM 67103B100 3,502 244,750 SH   SOLE   244,750 0 0
OUTFRONT MEDIA INC COM 69007J106 6,824 295,141 SH   SOLE   295,141 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 2,767 119,800 SH   SOLE   119,800 0 0
PAR PACIFIC HOLDINGS INC COM NEW 69888T207 6,390 354,205 SH   SOLE   354,205 0 0
PCSB FINL CORP COM 69324R104 1,737 101,799 SH   SOLE   101,799 0 0
PENNANTPARK FLOATING RATE CA COM 70806A106 10,779 763,910 SH   SOLE   763,910 0 0
PERCEPTRON INC COM 71361F100 3,298 453,000 SH   SOLE   453,000 0 0
PFSWEB INC COM NEW 717098206 2,108 255,188 SH   SOLE   255,188 0 0
PHILIP MORRIS INTL INC COM 718172109 226 1,920 SH   SOLE   1,920 0 0
PREMIER INC CL A 74051N102 2,671 74,190 SH   SOLE   74,190 0 0
PROCTER AND GAMBLE CO COM 742718109 3,742 42,941 SH   SOLE   42,941 0 0
PZENA INVESTMENT MGMT INC CLASS A 74731Q103 17,133 1,686,280 SH   SOLE   1,686,280 0 0
RED LION HOTELS CORP COM 756764106 4,991 679,000 SH   SOLE   679,000 0 0
REIS INC COM 75936P105 5,493 258,515 SH   SOLE   258,515 0 0
REPUBLIC SVCS INC COM 760759100 5,133 80,538 SH   SOLE   80,538 0 0
RIGNET INC COM 766582100 3,548 221,064 SH   SOLE   221,064 0 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 1,587 165,120 SH   SOLE   165,120 0 0
ROYCE MICRO-CAP TR INC COM 780915104 2,746 317,412 SH   SOLE   317,412 0 0
ROYCE VALUE TR INC COM 780910105 5,684 389,610 SH   SOLE   389,610 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 8,439 473,809 SH   SOLE   473,809 0 0
SEASPAN CORP SHS Y75638109 3,404 476,765 SH   SOLE   476,765 0 0
SILVERCREST ASSET MGMT GROUP CL A 828359109 7,517 558,860 SH   SOLE   558,860 0 0
SIMULATIONS PLUS INC COM 829214105 5,248 424,900 SH   SOLE   424,900 0 0
SOLAR CAP LTD COM 83413U100 5,353 244,774 SH   SOLE   244,774 0 0
SP PLUS CORP COM 78469C103 6,722 220,023 SH   SOLE   220,023 0 0
SPOK HLDGS INC COM 84863T106 15,895 898,042 SH   SOLE   898,042 0 0
SS&C TECHNOLOGIES HLDGS INC COM 78467J100 4,170 108,564 SH   SOLE   108,564 0 0
STONECASTLE FINL CORP COM 861780104 11,183 548,201 SH   SOLE   548,201 0 0
SUPERIOR UNIFORM GP INC COM 868358102 5,882 263,175 SH   SOLE   263,175 0 0
SUPREME INDS INC CL A 868607102 3,304 200,830 SH   SOLE   200,830 0 0
TARGET CORP COM 87612E106 3,127 59,801 SH   SOLE   59,801 0 0
TECHTARGET INC COM 87874R100 10,317 994,882 SH   SOLE   994,882 0 0
THESTREET INC COM 88368Q103 1,609 1,938,866 SH   SOLE   1,938,866 0 0
TRANSACT TECHNOLOGIES INC COM 892918103 2,341 277,000 SH   SOLE   277,000 0 0
TRANSCAT INC COM 893529107 3,823 314,658 SH   SOLE   314,658 0 0
TRUEBLUE INC COM 89785X101 4,755 179,422 SH   SOLE   179,422 0 0
UFP TECHNOLOGIES INC COM 902673102 5,434 192,000 SH   SOLE   192,000 0 0
UNITED FINL BANCORP INC NEW COM 910304104 4,873 291,968 SH   SOLE   291,968 0 0
UNITED TECHNOLOGIES CORP COM 913017109 3,034 24,849 SH   SOLE   24,849 0 0
U S PHYSICAL THERAPY INC COM 90337L108 4,393 72,724 SH   SOLE   72,724 0 0
U S G CORP COM NEW 903293405 2,925 100,800 SH   SOLE   100,800 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 4,652 104,174 SH   SOLE   104,174 0 0
VOLT INFORMATION SCIENCES IN COM 928703107 1,942 491,636 SH   SOLE   491,636 0 0
WASTE MGMT INC DEL COM 94106L109 5,727 78,075 SH   SOLE   78,075 0 0
WEST MARINE INC COM 954235107 1,582 123,100 SH   SOLE   123,100 0 0
WESTWOOD HLDGS GROUP INC COM 961765104 10,478 184,830 SH   SOLE   184,830 0 0
RYDEX ETF TRUST GUG S&P500 PU VA 78355W304 12,284 206,211 SH   SOLE   206,211 0 0
ISHARES TR 1-3 YR TR BD ETF 464287457 10,476 123,989 SH   SOLE   123,989 0 0
ISHARES INC CORE MSCI EMKT 46434G103 1,984 39,643 SH   SOLE   39,643 0 0
ISHARES TR CORE MSCI EURO 46434V738 10,058 214,602 SH   SOLE   214,602 0 0
ISHARES TR S&P 500 GRWT ETF 464287309 15,526 113,454 SH   SOLE   113,454 0 0
ISHARES TR S&P 500 VAL ETF 464287408 5,209 49,628 SH   SOLE   49,628 0 0
MESA LABS INC COM 59064R109 1,521 10,610 SH   SOLE   10,610 0 0