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
IMGOLD CORP COM 450913108 22,222 3,634,511 PRN   OTR   0 3,546,918 87,593
AMERCO COM 023586100 4,106 10,953 SH   SOLE   0 10,844 109
BAKER HUGHES A GE CO COM CL A 05722G100 8,089 220,895 SH   SOLE   0 218,559 2,336
BERKSHIRE HATHAWAY INC DEL COM CL B 084670702 18,144 98,976 SH   SOLE   0 97,853 1,123
BORGWARNER INC COM 099724106 4,957 96,764 SH   SOLE   0 95,702 1,062
BRUNSWICK CORP COM 117043109 392 7,008 SH   SOLE   0 7,008 0
CECO ENVIRONMENTAL CORP COM 125141101 846 100,000 SH   SOLE   0 100,000 0
CLEVELAND CLIFFS INC COM 185899101 160 22,330 SH   SOLE   0 22,330 0
DIGI INTL INC COM 253798102 742 70,000 SH   SOLE   0 70,000 0
DRIL-QUIP INC COM 262037104 4,415 100,000 SH   SOLE   0 100,000 0
ENERGY RECOVERY INC COM 29270J100 6,715 850,000 SH   SOLE   0 850,000 0
FARMER BROS CO COM 307675108 7,467 227,304 SH   SOLE   0 227,304 0
FEDERATED NATL HLDG CO COM 31422T101 4,498 288,140 SH   SOLE   0 288,140 0
GANNETT CO INC COM 36473H104 4,500 500,000 SH   SOLE   0 500,000 0
HEALTHSOUTH CORP COM 421924309 223 4,806 SH   SOLE   0 4,806 0
INFRAREIT INC COM 45685L100 2,161 96,600 SH   SOLE   0 87,700 8,900
SMUCKER J M CO COM 832696405 4,555 43,407 SH   SOLE   0 42,826 581
JONES LANG LASALLE INC COM 48020Q107 400 3,237 SH   SOLE   0 3,237 0
LANNET INC COM 516012101 9,225 500,000 SH   SOLE   0 500,000 0
LGI HOMES INC COM 50187T106 20,402 420,050 SH   SOLE   0 411,750 8,300
MARCHEX INC COM CL B 56624R108 1,545 500,000 SH   SOLE   0 500,000 0
MSC INDL DIRECT INC COM CL A 553530106 244 3,229 SH   SOLE   0 3,229 0
OCLARO INC COM 67555N206 1,295 150,000 SH   SOLE   0 150,000 0
OPKO HEALTH INC COM 68375N103 2,058 300,000 SH   SOLE   0 300,000 0
PATTERSON COMPANIES INC COM 703395103 9,511 246,086 SH   SOLE   0 246,086 0
RELIANCE STEEL & ALUMINUM CO COM 759509102 283 3,719 SH   SOLE   0 3,719 0
ROBERT HALF INTL INC COM 770323103 8,434 167,544 SH   SOLE   0 165,664 1,880
RSP PERMIAN INC COM 74978Q105 6,918 200,000 SH   SOLE   0 200,000 0
SONOFI SPONSORED ADR 80105N105 7,706 154,773 SH   SOLE   0 152,881 1,892
SPARK ENERGY INC COM CL A 846511103 3,662 244,100 SH   SOLE   0 225,700 18,400
STERICYCLE INC COM 858912108 225 3,142 SH   SOLE   0 3,142 0
TECHNIPFMC PLC COM G87110105 256 9,175 SH   SOLE   0 9,175 0
UNITED BANKSHARES INC WEST V COM 909907107 12,118 326,185 SH   SOLE   0 320,285 5,900
URSTADT BIDDLE PPTYS INC COM CL A 917286205 3,255 150,000 SH   SOLE   0 150,000 0
USA TECHNOLOGIES INC COM 90328S500 5,313 850,000 SH   SOLE   0 850,000 0
VALVOLINE INC COM 92047W101 11,723 499,897 SH   SOLE   0 499,897 0
VISTRA ENERGY CORP COM 92840M102 15,419 825,000 SH   SOLE   0 825,000 0
WORLD WRESTLING ENTMT INC COM CL A 98156Q108 8,021 340,583 SH   SOLE   0 340,583 0
A H BELO CORP COM CL A 001282102 1,150 250,000 SH   SOLE   0 250,000 0
AAR CORP COM 000361105 12,494 330,710 SH   SOLE   0 330,710 0
ABBOTT LABS COM 002824100 4,739 88,810 SH   SOLE   0 87,827 983
ACACIA RESH CORP ACACIA TCH COM 003881307 22,069 4,850,375 SH   SOLE   0 4,666,845 183,530
ACCURAY INC COM 004397105 11,647 2,911,640 SH   SOLE   0 2,761,395 150,245
ADTRAN INC COM 00738A106 3,891 162,119 SH   SOLE   0 160,201 1,917
AES CORP COM 00130H105 13,775 1,250,000 SH   SOLE   0 1,250,000 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 4,550 318,153 SH   SOLE   0 312,392 5,761
American Express Co COM 025816109 9,669 106,889 SH   SOLE   0 105,201 1,688
AMERICAN HOMES 4 RENT CL A 02665T306 14,536 669,570 SH   SOLE   0 669,570 0
AMERICAN VANGUARD CORP COM 030371108 18,449 805,633 SH   SOLE   0 805,633 0
Amerisourcbergen Corp COM 03073E105 471 5,692 SH   SOLE   0 5,692 0
ANALOGIC CORP COM PAR $0.05 032657207 11,732 140,089 SH   SOLE   0 140,089 0
Aspen Aerogels Inc COM 04523Y105 4,033 927,066 SH   SOLE   0 927,066 0
ASSOCIATED BANC CORP COM 045487105 7,920 326,605 SH   SOLE   0 326,605 0
ATLAS AIR WORLDWIDE HLDGS IN COM NEW 049164205 4,935 75,000 SH   OTR   0 75,000 0
AV HOMES INC COM 00234P102 14,202 828,100 SH   SOLE   0 796,300 31,800
AVNET INC COM 053807103 274 6,969 SH   SOLE   0 6,969 0
AVX CORP NEW COM 002444107 214 11,738 SH   SOLE   0 11,738 0
BANK NEW YORK MELLON CORP COM 064058100 8,125 153,240 SH   SOLE   0 150,737 2,502
BARRETT BUSINESS SERVICES IN COM 068463108 25,444 450,105 SH   SOLE   0 439,350 10,755
BB&T CORP COM 054937107 9,660 205,786 SH   SOLE   0 203,270 2,515
BEMIS INC COM 081437105 212 4,647 SH   SOLE   0 4,647 0
BENCHMARK ELECTRS INC COM 08160H101 10,294 301,426 SH   SOLE   0 301,426 0
BOISE CASCADE CO DEL COM 09739D100 4,236 121,382 SH   SOLE   0 120,035 1,347
BOSTON PRIVATE FINL HLDGS IN COM 101119105 11,460 692,473 SH   SOLE   0 692,473 0
BRAVO BRIO RESTAURANT GROUP COM 10567B109 261 114,669 SH   SOLE   0 114,669 0
BUNGE LIMITED COM G16962105 4,611 66,382 SH   SOLE   0 65,570 812
CA INC COM 12673P105 12,840 384,648 SH   SOLE   0 380,558 4,089
CABOT OIL & GAS CORP COM 127097103 13,017 486,626 SH   SOLE   0 486,626 0
CALLAWAY GOLF CO COM 131193104 10,415 721,730 SH   SOLE   0 721,730 0
CAPITAL CITY BK GROUP INC COM 139674105 13,103 545,726 SH   SOLE   0 527,115 18,610
CARETRUST REIT INC COM 14174T107 19,040 1,000,000 SH   SOLE   0 1,000,000 0
CELESTICA INC SUB VTG SHS 15101Q108 4,952 400,000 SH   SOLE   0 400,000 0
CENTERSTATE BANKS INC COM 15201P109 10,596 395,365 SH   SOLE   0 395,365 0
CENTURY BANCORP INC MASS CL A NON VTG 156432106 4,025 50,250 SH   SOLE   0 50,250 0
CISCO SYS INC COM 17275R102 9,352 278,078 SH   SOLE   0 274,729 3,348
CNA FINL CORP COM 126117100 420 8,368 SH   SOLE   0 8,368 0
CONMED CORP COM 207410101 8,710 165,992 SH   SOLE   0 165,992 0
CPI AEROSTRUCTURES INC COM NEW 125919308 6,078 650,000 SH   SOLE   0 650,000 0
CUI GLOBAL INC COM NEW 126576206 7,830 2,122,060 SH   SOLE   0 1,933,235 188,825
CYBEROPTICS CORP COM 232517102 4,063 250,000 SH   SOLE   0 250,000 0
DIGIRAD CORP COM 253827109 3,045 882,471 SH   SOLE   0 882,471 0
DUN & BRADSTREET CORP DEL NE COM 26483E100 306 2,632 SH   SOLE   0 2,632 0
DYNAMIC MATLS CORP COM 23291C103 16,951 1,003,002 SH   SOLE   0 1,003,002 0
EMERSON ELECTRIC CO COM 291011104 10,324 164,290 SH   SOLE   0 162,470 1,820
ENCORE WIRE CORP COM 292562105 12,430 277,608 SH   SOLE   0 277,608 0
ENSIGN GROUP INC COM 29358P101 6,777 300,000 SH   SOLE   0 300,000 0
ENTEGRIS INC COM 29362U104 8,006 277,495 SH   SOLE   0 277,495 0
ENTERGY CORP NEW COM 29364G103 11,377 148,986 SH   SOLE   0 147,390 1,596
Equity Commonwealth COM SH BEN INT 294628102 12,641 415,815 SH   SOLE   0 411,613 4,202
Evertec Inc COM 30040P103 10,154 640,600 SH   SOLE   0 602,800 37,800
EXELON CORP COM 30161N101 14,101 374,339 SH   SOLE   0 370,641 3,697
EXPRESS SCRIPTS HLDG CO COM 30219G108 9,083 143,443 SH   SOLE   0 141,468 1,975
EXXON MOBIL CORP COM 30231G102 13,411 163,589 SH   SOLE   0 161,505 2,084
FABRINET SHS G3323L100 12,074 325,800 SH   SOLE   0 314,500 11,300
FIRST INTERNET BANCORP COM 320557101 11,328 350,720 SH   SOLE   0 350,720 0
FIRSTCASH INC COM 33767D105 12,388 196,161 SH   SOLE   0 196,161 0
FIRSTENERGY CORP COM 337932107 3,946 127,999 SH   SOLE   0 126,631 1,368
FLAMEL TECHNOLOGIES SA ADR SPONSORED ADR 05337M104 7,350 700,000 SH   SOLE   0 700,000 0
FRANKLIN RES INC COM 354613101 8,091 181,772 SH   SOLE   0 179,746 2,026
GAMESTOP CORP NEW CL A 36467W109 7,231 350,000 SH   SOLE   0 350,000 0
GREIF INC CL A 397624107 13,003 222,122 SH   SOLE   0 222,122 0
Haemonetics Corp COM 405024100 7,426 165,494 SH   SOLE   0 165,494 0
HANCOCK HLDG CO COM 410120109 8,089 166,947 SH   SOLE   0 166,947 0
HARLEY DAVIDSON INC COM 412822108 337 6,982 SH   SOLE   0 6,982 0
HARSCO CORP COM 415864107 4,376 209,370 SH   SOLE   0 209,370 0
HARVARD BIOSCIENCE INC COM 416906105 7,500 2,000,000 SH   SOLE   0 2,000,000 0
HERITAGE FINL CORP WASH COM 42722X106 11,800 400,000 SH   SOLE   0 400,000 0
HESS CORP COM 42809H107 10,984 234,251 SH   SOLE   0 231,510 2,740
HUDSON GLOBAL INC COM 443787106 6,104 4,180,677 SH   SOLE   0 3,828,276 352,401
HUDSON TECHNOLOGIES INC COM 444144109 6,639 850,000 SH   SOLE   0 850,000 0
HYDROGENICS CORP NEW COM 448883207 7,743 950,000 SH   SOLE   0 950,000 0
IMMUCELL CORPORATION COM PAR $0.10 452525306 1,463 225,000 SH   SOLE   0 225,000 0
Intricon Corp COM 46121H109 9,348 772,559 SH   SOLE   0 702,676 69,883
INVACARE CORP COM 461203101 4,764 302,474 SH   SOLE   0 298,369 4,105
JERNIGAN CAP INC COM 476405105 10,757 523,450 SH   SOLE   0 500,850 22,600
JUNIPER PHARMACEUTICALS INC COM 48203L107 1,820 400,000 SH   SOLE   0 400,000 0
KBR INC COM 48242W106 9,773 546,603 SH   SOLE   0 546,603 0
KENNAMETAL INC COM 489170100 10,527 260,966 SH   SOLE   0 259,836 1,130
KENNEDY-WILSON HOLDINGS INC COM 489398107 16,923 912,300 SH   SOLE   0 887,400 24,900
KID BRANDS INC COM 497266106 7,852 119,067 SH   SOLE   0 117,780 1,287
KNOWLES CORP COM 49926D109 9,163 600,086 SH   SOLE   0 600,086 0
LAMAR ADVERTISING COMPANY NEW CL A 512816109 2,381 34,750 SH   SOLE   0 34,750 0
LANDEC CORP COM 514766104 11,029 851,650 SH   SOLE   0 809,550 42,100
LINCOLN EDL SVCS CORP COM 533535100 9,215 3,686,100 SH   SOLE   0 3,226,789 459,311
M D C HLDGS INC COM 552676108 6,120 184,292 SH   SOLE   0 184,292 0
MANTECH INTL CORP CL A 564563104 9,979 226,030 SH   SOLE   0 226,030 0
MARTEN TRANS LTD COM 573075108 3,425 166,666 SH   SOLE   0 166,666 0
MDU RES GROUP INC COM 552690109 7,161 275,951 SH   SOLE   0 274,803 1,148
MELLANOX TECHNOLOGIES LTD SHS M51363113 11,788 250,000 SH   SOLE   0 250,000 0
Methode Electrs Inc COM 591520200 4,894 115,565 SH   SOLE   0 115,565 0
MGIC INVT CORP WIS COM 552848103 28,876 2,304,562 SH   SOLE   0 2,235,362 69,200
NATIONAL OILWELL VARCO INC COM 637071101 387 10,818 SH   SOLE   0 10,818 0
NEWPARK RES INC COM PAR $.01NEW 651718504 8,031 803,076 SH   SOLE   0 791,575 11,501
NORTHWEST PIPE CO COM 667746101 10,739 564,600 SH   SOLE   0 538,700 25,900
Now Inc COM 67011P100 7,095 513,728 SH   SOLE   0 513,728 0
OIL DRI CORP AMER COM 677864100 4,893 100,000 SH   SOLE   0 100,000 0
OIL STS INTL INC COM 678026105 1,239 48,878 SH   SOLE   0 47,085 1,793
OLIN CORP COM PAR $1 680665205 217 6,335 SH   SOLE   0 6,335 0
ORACLE CORP COM 68389X105 9,356 193,497 SH   SOLE   0 191,319 2,178
OSHKOSH CORP COM 688239201 6,023 72,976 SH   SOLE   0 72,085 890
PACCAR INC COM 693718108 403 5,566 SH   SOLE   0 5,566 0
PacWest Bancorp Del COM 695263103 12,365 244,800 SH   SOLE   0 236,500 8,300
PARK ELECTROCHEMICAL CORP COM 700416209 20,079 1,085,359 SH   SOLE   0 1,085,359 0
PATTERSON UTI ENERGY INC COM 703481101 11,021 526,311 SH   SOLE   0 526,311 0
PEOPLES UTAH BANCORP COM 712706209 4,868 150,000 SH   SOLE   0 150,000 0
PERMA-FIX ENVIRONMENTAL SVCS COM NEW 714157203 5,356 1,409,440 SH   SOLE   0 1,247,833 161,607
PFIZER INC COM 717081103 10,520 294,685 SH   SOLE   0 291,160 3,524
PIONEER PWR SOLUTIONS INC COM NEW 723836300 2,692 350,500 SH   SOLE   0 350,500 0
PIXELWORKS INC COM NEW 72581M305 6,830 1,450,000 SH   SOLE   0 1,450,000 0
PNC FINL SVCS GROUP INC COM 693475105 10,235 75,942 SH   SOLE   0 74,959 983
POPULAR INC COM NEW 733174700 316 8,805 SH   SOLE   0 8,805 0
PORTLAND GENERAL ELECTRIC COMPANY COM NEW 736508847 8,769 192,136 SH   SOLE   0 192,136 0
POTASH CORP SASK INC COM 73755L107 5,334 277,241 SH   SOLE   0 273,291 3,950
POWELL INDS INC COM 739128106 11,378 379,385 SH   SOLE   0 379,385 0
PULTE GROUP INC COM 745867101 3,792 138,766 SH   SOLE   0 136,976 1,789
QUEST DIAGNOSTICS INC COM 74834L100 7,631 81,494 SH   SOLE   0 80,308 1,186
RADIAN GROUP INC COM 750236101 17,085 914,100 SH   SOLE   0 888,100 26,000
RADISYS CORP COM 750459109 3,152 2,301,025 SH   SOLE   0 2,140,950 160,075
RCM TECHNOLOGIES INC COM NEW 749360400 6,292 1,100,000 SH   SOLE   0 1,100,000 0
REINSURANCE GROUP AMER INC COM NEW 759351604 305 2,186 SH   SOLE   0 2,186 0
RING ENERGY INC COM 76680V108 5,138 354,600 SH   SOLE   0 354,600 0
RPC INC COM 749660106 9,088 366,617 SH   SOLE   0 366,617 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 10,453 167,278 SH   SOLE   0 167,278 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 4,487 336,098 SH   SOLE   0 336,098 0
SCHNITZER STL INDS CL A 806882106 19,487 692,251 SH   SOLE   0 689,989 2,262
SEMTECH CORP COM 816850101 9,362 249,317 SH   SOLE   0 249,317 0
SHARPS COMPLIANCE CORP COM 820017101 2,359 493,429 SH   SOLE   0 493,429 0
SPARTAN MTRS INC COM 846819100 7,735 700,000 SH   SOLE   0 700,000 0
SPIRIT AIRLS INC COM 848577102 3,461 103,604 SH   SOLE   0 101,341 2,263
STARTEK INC COM 85569C107 12,843 1,093,046 SH   SOLE   0 1,093,046 0
STONERIDGE INC COM 86183P102 4,953 250,000 SH   SOLE   0 250,000 0
SUNOPTA INC COM 8676EP108 3,480 400,000 SH   SOLE   0 400,000 0
SUNTRUST BKS INC COM 867914103 458 7,669 SH   SOLE   0 7,669 0
SUPERCOM LTD NEW SHS NEW M87095119 4,880 1,394,176 SH   SOLE   0 1,323,176 71,000
SYNERGY RES CORP COM 78470V108 16,534 1,709,800 SH   SOLE   0 1,625,100 84,700
TECHTARGET INC COM 87874R100 4,776 400,000 SH   SOLE   0 400,000 0
TEXTRON INC COM 883203101 211 3,917 SH   SOLE   0 3,917 0
THE BANCORP INC COM 05969A105 14,008 1,693,800 SH   SOLE   0 1,612,200 81,600
TIVO CORP COM 88870P106 11,910 600,000 SH   SOLE   0 600,000 0
TRANSCAT INC COM 893529107 8,130 600,000 SH   SOLE   0 600,000 0
TRICO BANCSHARES COM 896095106 15,376 377,320 SH   SOLE   0 377,320 0
TRIMAS CORP COM NEW 896215209 11,182 414,159 SH   SOLE   0 414,159 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 7,899 1,408,050 SH   SOLE   0 1,288,250 119,800
TRIPLE-S MGMT CORP CL B 896749108 10,094 426,253 SH   SOLE   0 420,263 5,990
TRISTATE CAP HLDGS INC COM 89678F100 16,030 700,000 SH   SOLE   0 700,000 0
TRIUMPH GROUP INC NEW COM 896818101 10,413 350,000 SH   SOLE   0 350,000 0
UMPQUA HLDGS CORP COM 904214103 8,477 434,491 SH   SOLE   0 434,491 0
UNIT CORP COM 909218109 8,932 434,031 SH   SOLE   0 434,031 0
WAL MART STORES INC COM 931142103 12,145 155,427 SH   SOLE   0 153,522 1,905
WELLS FARGO & CO NEW COM 949746101 15,058 273,029 SH   SOLE   0 270,148 2,881
WESTERN UN CO COM 959802109 365 19,033 SH   SOLE   0 19,033 0
WILLBROS GROUP INC DEL COM 969203108 13,494 4,190,540 SH   SOLE   0 3,910,940 279,600
WOLVERINE WORLD WIDE INC COM 978097103 14,439 500,485 SH   SOLE   0 500,485 0
ZIONS BANCORPORATION COM 989701107 18,689 396,129 SH   SOLE   0 394,490 1,639