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 3,393 16,167 SH   SOLE   16,167 0 0
A H BELO CORP COM CL A 001282102 5,058 1,099,620 SH   SOLE   1,099,620 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 4,939 36,565 SH   SOLE   36,565 0 0
ADDUS HOMECARE CORP COM 006739106 6,178 175,000 SH   SOLE   175,000 0 0
AGILYSYS INC COM 00847J105 5,120 428,480 SH   SOLE   428,480 0 0
ALAMO GROUP INC COM 011311107 5,968 55,585 SH   SOLE   55,585 0 0
ALLERGAN PLC SHS G0177J108 4,031 19,668 SH   SOLE   19,668 0 0
ALLIED MOTION TECHNOLOGIES I COM 019330109 2,513 99,153 SH   SOLE   99,153 0 0
AMERCO COM 023586100 9,350 24,939 SH   SOLE   24,939 0 0
AMERIPRISE FINL INC COM 03076C106 6,825 45,955 SH   SOLE   45,955 0 0
ANTHEM INC COM 036752103 5,606 29,526 SH   SOLE   29,526 0 0
ARBOR RLTY TR INC COM 038923108 9,421 1,148,857 SH   SOLE   1,148,857 0 0
ARC DOCUMENT SOLUTIONS INC COM 00191G103 7,719 1,887,405 SH   SOLE   1,887,405 0 0
ARES CAP CORP COM 04010L103 5,597 341,494 SH   SOLE   341,494 0 0
ASTRONOVA INC COM 04638F108 4,540 349,220 SH   SOLE   349,220 0 0
ATLAS FINANCIAL HOLDINGS INC SHS NEW G06207115 1,679 88,820 SH   SOLE   88,820 0 0
AUTOBYTEL INC COM NEW 05275N205 827 120,000 SH   SOLE   120,000 0 0
AWARE INC MASS COM 05453N100 3,059 657,879 SH   SOLE   657,879 0 0
B RILEY FINL INC COM 05580M108 19,133 1,122,155 SH   SOLE   1,122,155 0 0
BAR HBR BANKSHARES COM 066849100 11,528 367,599 SH   SOLE   367,599 0 0
BASSETT FURNITURE INDS INC COM 070203104 2,187 58,000 SH   SOLE   58,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 6,337 34,570 SH   SOLE   34,570 0 0
BG STAFFING INC COM 05544A109 2,164 130,742 SH   SOLE   130,742 0 0
BLACKROCK CAPITAL INVESTMENT COM 092533108 8,625 1,149,939 SH   SOLE   1,149,939 0 0
BLACKROCK MUN 2030 TAR TERM COM SHS BEN IN 09257P105 4,504 198,692 SH   SOLE   198,692 0 0
BLACKROCK RES & COMM STRAT T SHS 09257A108 1,314 147,825 SH   SOLE   147,825 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 2,703 169,159 SH   SOLE   169,159 0 0
BOEING CO COM 097023105 6,907 27,169 SH   SOLE   27,169 0 0
BOULDER GROWTH & INCOME FD I COM 101507101 2,862 280,544 SH   SOLE   280,544 0 0
BRUNSWICK CORP COM 117043109 5,434 97,089 SH   SOLE   97,089 0 0
BSB BANCORP INC MD COM 05573H108 5,830 194,670 SH   SOLE   194,670 0 0
CALLAWAY GOLF CO COM 131193104 17,624 1,221,361 SH   SOLE   1,221,361 0 0
CANTEL MEDICAL CORP COM 138098108 335 3,555 SH   SOLE   3,555 0 0
CAPITAL SOUTHWEST CORP COM 140501107 30,875 1,802,365 SH   SOLE   1,802,365 0 0
CARBONITE INC COM 141337105 7,187 326,694 SH   SOLE   326,694 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 1,874 148,619 SH   SOLE   148,619 0 0
CECO ENVIRONMENTAL CORP COM 125141101 7,201 851,140 SH   SOLE   851,140 0 0
CENTURYLINK INC COM 156700106 5,864 310,280 SH   SOLE   310,280 0 0
CHEROKEE INC DEL NEW COM 16444H102 684 248,850 SH   SOLE   248,850 0 0
CHIMERA INVT CORP COM NEW 16934Q208 7,759 410,104 SH   SOLE   410,104 0 0
CINTAS CORP COM 172908105 4,693 32,529 SH   SOLE   32,529 0 0
COCA COLA CO COM 191216100 2,521 56,000 SH   SOLE   56,000 0 0
COLUMBUS MCKINNON CORP N Y COM 199333105 2,537 67,000 SH   SOLE   67,000 0 0
COMMERCEHUB INC COM SER A 20084V108 3,566 158,000 SH   SOLE   158,000 0 0
COMMERCEHUB INC COM SER C 20084V306 9,038 423,337 SH   SOLE   423,337 0 0
CORE MOLDING TECHNOLOGIES IN COM 218683100 6,016 274,180 SH   SOLE   274,180 0 0
CORENERGY INFRASTRUCTURE TR COM NEW 21870U502 6,379 180,456 SH   SOLE   180,456 0 0
CSW INDUSTRIALS INC COM 126402106 8,091 182,426 SH   SOLE   182,426 0 0
CULP INC COM 230215105 2,282 69,676 SH   SOLE   69,676 0 0
CVS HEALTH CORP COM 126650100 4,498 55,315 SH   SOLE   55,315 0 0
CYBEROPTICS CORP COM 232517102 1,507 92,710 SH   SOLE   92,710 0 0
DEERE & CO COM 244199105 3,678 29,283 SH   SOLE   29,283 0 0
DELUXE CORP COM 248019101 13,442 184,239 SH   SOLE   184,239 0 0
DESTINATION XL GROUP INC COM 25065K104 1,800 947,523 SH   SOLE   947,523 0 0
DEUTSCHE HIGH INCOME OPPORT COM 25158Y102 7,049 465,899 SH   SOLE   465,899 0 0
DICKS SPORTING GOODS INC COM 253393102 2,462 91,159 SH   SOLE   91,159 0 0
DIGI INTL INC COM 253798102 15,397 1,452,591 SH   SOLE   1,452,591 0 0
DIGIRAD CORP COM 253827109 4,409 1,277,876 SH   SOLE   1,277,876 0 0
DLH HLDGS CORP COM 23335Q100 2,423 373,900 SH   SOLE   373,900 0 0
DOUGLAS DYNAMICS INC COM 25960R105 17,700 449,234 SH   SOLE   449,234 0 0
DRIVE SHACK INC COM 262077100 11,064 3,064,778 SH   SOLE   3,064,778 0 0
DST SYS INC DEL COM 233326107 3,183 58,001 SH   SOLE   58,001 0 0
EATON VANCE TX ADV GLBL DIV COM 27828S101 6,182 359,411 SH   SOLE   359,411 0 0
ENSTAR GROUP LIMITED SHS G3075P101 8,403 37,794 SH   SOLE   37,794 0 0
ENTEGRA FINL CORP COM 29363J108 6,829 273,706 SH   SOLE   273,706 0 0
ETSY INC COM 29786A106 7,036 416,823 SH   SOLE   416,823 0 0
EVOLUTION PETROLEUM CORP COM 30049A107 2,245 311,862 SH   SOLE   311,862 0 0
EXXON MOBIL CORP COM 30231G102 3,976 48,494 SH   SOLE   48,494 0 0
FARMERS NATL BANC CORP COM 309627107 3,330 221,271 SH   SOLE   221,271 0 0
FERRO CORP COM 315405100 16,391 735,017 SH   SOLE   735,017 0 0
FIBROGEN INC COM 31572Q808 1,080 20,081 SH   SOLE   20,081 0 0
FIRST BANK WILLIAMSTOWN NJ COM 31931U102 4,562 343,000 SH   SOLE   343,000 0 0
FIRST NORTHWEST BANCORP COM 335834107 4,831 282,520 SH   SOLE   282,520 0 0
FIRST TR DYNAMIC EUROPE EQT COM SHS 33740D107 6,671 343,486 SH   SOLE   343,486 0 0
FIRST TR ENERGY INFRASTRCTR COM 33738C103 1,196 63,735 SH   SOLE   63,735 0 0
FISERV INC COM 337738108 6,007 46,581 SH   SOLE   46,581 0 0
FRANKLIN COVEY CO COM 353469109 8,610 424,118 SH   SOLE   424,118 0 0
GENTHERM INC COM 37253A103 5,677 152,816 SH   SOLE   152,816 0 0
GREEN BRICK PARTNERS INC COM 392709101 14,044 1,418,568 SH   SOLE   1,418,568 0 0
HACKETT GROUP INC COM 404609109 10,455 688,296 SH   SOLE   688,296 0 0
HERITAGE CRYSTAL CLEAN INC COM 42726M106 3,802 174,800 SH   SOLE   174,800 0 0
HOOKER FURNITURE CORP COM 439038100 13,932 291,777 SH   SOLE   291,777 0 0
HORACE MANN EDUCATORS CORP N COM 440327104 7,249 184,231 SH   SOLE   184,231 0 0
HORMEL FOODS CORP COM 440452100 3,589 111,683 SH   SOLE   111,683 0 0
HUTTIG BLDG PRODS INC COM 448451104 1,038 147,000 SH   SOLE   147,000 0 0
I D SYSTEMS INC COM 449489103 2,319 308,760 SH   SOLE   308,760 0 0
IEC ELECTRS CORP NEW COM 44949L105 1,643 333,200 SH   SOLE   333,200 0 0
INFORMATION SERVICES GROUP I COM 45675Y104 3,719 925,000 SH   SOLE   925,000 0 0
INTL FCSTONE INC COM 46116V105 20,887 545,077 SH   SOLE   545,077 0 0
INVESCO LTD SHS G491BT108 3,564 101,703 SH   SOLE   101,703 0 0
ITT INC COM 45073V108 2,072 46,802 SH   SOLE   46,802 0 0
J & J SNACK FOODS CORP COM 466032109 4,808 36,622 SH   SOLE   36,622 0 0
JOHNSON & JOHNSON COM 478160104 5,002 38,473 SH   SOLE   38,473 0 0
JPMORGAN CHASE & CO COM 46625H100 7,153 74,889 SH   SOLE   74,889 0 0
KIMBALL INTL INC CL B 494274103 5,903 298,600 SH   SOLE   298,600 0 0
KINGSTONE COS INC COM 496719105 2,564 157,300 SH   SOLE   157,300 0 0
LANDAUER INC COM 51476K103 2,635 39,156 SH   SOLE   39,156 0 0
LAWSON PRODS INC COM 520776105 3,077 122,122 SH   SOLE   122,122 0 0
LEAF GROUP LTD COM 52177G102 4,267 618,400 SH   SOLE   618,400 0 0
LENDINGTREE INC NEW COM 52603B107 5,636 23,056 SH   SOLE   23,056 0 0
LITHIA MTRS INC CL A 536797103 11,963 99,436 SH   SOLE   99,436 0 0
LSC COMMUNICATIONS INC COM 50218P107 5,361 324,685 SH   SOLE   324,685 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 9,258 128,268 SH   SOLE   128,268 0 0
MADDEN STEVEN LTD COM 556269108 6,673 154,106 SH   SOLE   154,106 0 0
MADISON CVRED CALL & EQ STR COM 557437100 8,004 1,019,617 SH   SOLE   1,019,617 0 0
MALIBU BOATS INC COM CL A 56117J100 18,050 570,481 SH   SOLE   570,481 0 0
MCBC HLDGS INC COM 55276F107 3,843 188,550 SH   SOLE   188,550 0 0
MICROSOFT CORP COM 594918104 7,606 102,111 SH   SOLE   102,111 0 0
MVC CAPITAL INC COM 553829102 4,638 463,386 SH   SOLE   463,386 0 0
NATHANS FAMOUS INC NEW COM 632347100 1,937 26,200 SH   SOLE   26,200 0 0
NATIONAL CINEMEDIA INC COM 635309107 3,403 487,512 SH   SOLE   487,512 0 0
NATURAL GAS SERVICES GROUP COM 63886Q109 10,791 379,955 SH   SOLE   379,955 0 0
NAUTILUS INC COM 63910B102 13,694 810,267 SH   SOLE   810,267 0 0
NCR CORP NEW COM 62886E108 3,488 92,963 SH   SOLE   92,963 0 0
NEUBERGER BERMAN MLP INCOME COM 64129H104 12,768 1,343,964 SH   SOLE   1,343,964 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190A103 5,867 1,045,818 SH   SOLE   1,045,818 0 0
NORTHSTAR REALTY EUROPE CORP COM 66706L101 8,507 664,064 SH   SOLE   664,064 0 0
NOVANTA INC COM 67000B104 7,158 164,184 SH   SOLE   164,184 0 0
NOVARTIS A G SPONSORED ADR 66987V109 2,713 31,605 SH   SOLE   31,605 0 0
NUVEEN BUILD AMER BD FD COM 67074C103 11,235 523,284 SH   SOLE   523,284 0 0
NUVEEN INTER DURATION MN TMF COM 670671106 3,845 287,378 SH   SOLE   287,378 0 0
NUVEEN MTG OPPORTUNITY TERM COM 670735109 12,615 497,424 SH   SOLE   497,424 0 0
OFS CAP CORP COM 67103B100 3,605 273,740 SH   SOLE   273,740 0 0
OUTFRONT MEDIA INC COM 69007J106 8,982 356,697 SH   SOLE   356,697 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 2,851 119,800 SH   SOLE   119,800 0 0
PAR PACIFIC HOLDINGS INC COM NEW 69888T207 7,586 364,720 SH   SOLE   364,720 0 0
PCSB FINL CORP COM 69324R104 2,490 132,000 SH   SOLE   132,000 0 0
PENNANTPARK FLOATING RATE CA COM 70806A106 11,236 775,971 SH   SOLE   775,971 0 0
PERCEPTRON INC COM 71361F100 3,810 482,900 SH   SOLE   482,900 0 0
PFSWEB INC COM NEW 717098206 2,814 337,022 SH   SOLE   337,022 0 0
PHILIP MORRIS INTL INC COM 718172109 213 1,920 SH   SOLE   1,920 0 0
PREMIER INC CL A 74051N102 3,545 108,839 SH   SOLE   108,839 0 0
PROCTER AND GAMBLE CO COM 742718109 3,887 42,728 SH   SOLE   42,728 0 0
PZENA INVESTMENT MGMT INC CLASS A 74731Q103 18,681 1,715,411 SH   SOLE   1,715,411 0 0
RED LION HOTELS CORP COM 756764106 5,873 679,000 SH   SOLE   679,000 0 0
REIS INC COM 75936P105 4,647 258,175 SH   SOLE   258,175 0 0
REPUBLIC SVCS INC COM 760759100 5,030 76,145 SH   SOLE   76,145 0 0
RIGNET INC COM 766582100 4,813 279,822 SH   SOLE   279,822 0 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 1,700 164,217 SH   SOLE   164,217 0 0
ROYCE MICRO-CAP TR INC COM 780915104 2,646 282,085 SH   SOLE   282,085 0 0
ROYCE VALUE TR INC COM 780910105 5,973 378,262 SH   SOLE   378,262 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 9,010 471,479 SH   SOLE   471,479 0 0
SEASPAN CORP SHS Y75638109 4,536 639,822 SH   SOLE   639,822 0 0
SELECT COMFORT CORP COM 81616X103 4,659 150,050 SH   SOLE   150,050 0 0
SILVERCREST ASSET MGMT GROUP CL A 828359109 8,131 558,860 SH   SOLE   558,860 0 0
SIMULATIONS PLUS INC COM 829214105 6,321 407,790 SH   SOLE   407,790 0 0
SOLAR CAP LTD COM 83413U100 5,395 249,286 SH   SOLE   249,286 0 0
SP PLUS CORP COM 78469C103 8,945 226,462 SH   SOLE   226,462 0 0
SPOK HLDGS INC COM 84863T106 14,044 914,930 SH   SOLE   914,930 0 0
SS&C TECHNOLOGIES HLDGS INC COM 78467J100 4,327 107,759 SH   SOLE   107,759 0 0
STEWARDSHIP FINL CORP COM 860326107 143 14,600 SH   SOLE   14,600 0 0
STONECASTLE FINL CORP COM 861780104 10,936 529,848 SH   SOLE   529,848 0 0
SUPERIOR UNIFORM GP INC COM 868358102 6,027 263,175 SH   SOLE   263,175 0 0
TARGET CORP COM 87612E106 3,504 59,380 SH   SOLE   59,380 0 0
TECHTARGET INC COM 87874R100 11,050 925,420 SH   SOLE   925,420 0 0
THESTREET INC COM 88368Q103 2,043 1,891,500 SH   SOLE   1,891,500 0 0
TRANSACT TECHNOLOGIES INC COM 892918103 2,701 277,000 SH   SOLE   277,000 0 0
TRANSCAT INC COM 893529107 4,365 322,158 SH   SOLE   322,158 0 0
UFP TECHNOLOGIES INC COM 902673102 5,114 182,000 SH   SOLE   182,000 0 0
UNITED FINL BANCORP INC NEW COM 910304104 6,946 379,762 SH   SOLE   379,762 0 0
UNITED TECHNOLOGIES CORP COM 913017109 2,840 24,469 SH   SOLE   24,469 0 0
U S PHYSICAL THERAPY INC COM 90337L108 4,610 75,024 SH   SOLE   75,024 0 0
U S G CORP COM NEW 903293405 3,264 99,958 SH   SOLE   99,958 0 0
VAREX IMAGING CORP COM 92214X106 4,471 132,128 SH   SOLE   132,128 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 5,104 103,132 SH   SOLE   103,132 0 0
VOLT INFORMATION SCIENCES IN COM 928703107 1,356 430,600 SH   SOLE   430,600 0 0
WASTE MGMT INC DEL COM 94106L109 6,044 77,214 SH   SOLE   77,214 0 0
WESTWOOD HLDGS GROUP INC COM 961765104 12,553 186,604 SH   SOLE   186,604 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 6,797 219,111 SH   SOLE   219,111 0 0
COLONY NORTHSTAR INC CL A COM 19625W104 6,395 509,151 SH   SOLE   509,151 0 0
EASTERLY GOVT PPTYS INC COM 27616P103 5,634 272,578 SH   SOLE   272,578 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 4,454 65,000 SH   SOLE   65,000 0 0
NEW SR INVT GROUP INC COM 648691103 7,821 854,721 SH   SOLE   854,721 0 0
RYDEX ETF TRUST GUG S&P500 PU VA 78355W304 12,568 204,293 SH   SOLE   204,293 0 0
ISHARES TR 1 3 YR TREAS BD 464287457 11,798 139,705 SH   SOLE   139,705 0 0
ISHARES INC CORE MSCI EMKT 46434G103 2,148 39,754 SH   SOLE   39,754 0 0
ISHARES TR CORE MSCI EURO 46434V738 11,312 227,697 SH   SOLE   227,697 0 0
ISHARES TR S&P 500 GRWT ETF 464287309 16,204 112,980 SH   SOLE   112,980 0 0
ISHARES TR S&P 500 VAL ETF 464287408 5,395 49,991 SH   SOLE   49,991 0 0
MESA LABS INC COM 59064R109 1,584 10,610 SH   SOLE   10,610 0 0