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
CUSTOMERS BANCORP INC COM 23204G100 9,606 338,466 SH   SOLE   10,000 0 328,466
ENOVA INTL INC COM 29357K103 6,981 191,002 SH   SOLE   26,946 0 164,056
FIRSTCASH INC COM 33767D105 6,584 73,279 SH   SOLE   12,038 0 61,241
ISHARES US ETF TR SHT MAT BD ETF 46431W507 1,452 28,936 SH   SOLE   0 0 28,936
VANECK VECTORS ETF TR PFD SECS EX FINL 92189F429 388 19,786 SH   SOLE   0 0 19,786
UNIQUE FABRICATING INC COM 90915J103 1,495 171,000 SH   SOLE   113,325 0 57,675
VOLT INFORMATION SCIENCES IN COM 928703107 2,548 749,372 SH   SOLE   45,346 0 704,026
AEGION CORP COM 00770F104 8,823 342,627 SH   SOLE   79,750 0 262,877
ANDERSONS INC COM 034164103 4,086 119,471 SH   SOLE   0 0 119,471
APPLIANCE RECYCLING CTRS AME COM NEW 03814F205 10 15,000 SH   SOLE   15,000 0 0
ASV HLDGS INC COM 00215L104 3,338 576,519 SH   SOLE   100,000 0 476,519
NATUS MEDICAL INC DEL COM 639050103 2,307 66,870 SH   SOLE   32,000 0 34,870
BANK COMM HLDGS COM 06424J103 1,003 78,650 SH   SOLE   65,000 0 13,650
CAMTEK LTD ORD M20791105 2,923 397,690 SH   SOLE   41,000 0 356,690
CHEROKEE INC DEL NEW COM 16444H102 50 90,000 SH   SOLE   90,000 0 0
AMERICAS CAR MART INC COM 03062T105 852 13,758 SH   SOLE   7,600 0 6,158
CISCO SYS INC COM 17275R102 413 9,591 SH   SOLE   500 0 9,091
CUI GLOBAL INC COM NEW 126576206 1,709 575,444 SH   SOLE   0 0 575,444
DOLPHIN ENTMT INC COM 25686H100 35 10,051 SH   SOLE   10,051 0 0
ISHARES TR SELECT DIVID ETF 464287168 239 2,450 SH   SOLE   0 0 2,450
DAWSON GEOPHYSICAL CO NEW COM 239360100 4,348 550,412 SH   SOLE   0 0 550,412
DESTINATION XL GROUP INC COM 25065K104 1,319 586,205 SH   SOLE   207,536 0 378,669
EAST WEST BANCORP INC COM 27579R104 11,789 180,817 SH   SOLE   29,450 0 151,367
EZCORP INC CL A NON VTG 302301106 8,786 729,153 SH   SOLE   142,475 0 586,678
FOSTER L B CO COM 350060109 3,020 131,596 SH   SOLE   0 0 131,596
STEALTHGAS INC SHS Y81669106 1,700 428,303 SH   SOLE   50,000 0 378,303
HOPE BANCORP INC COM 43940T109 7,706 432,180 SH   SOLE   79,801 0 352,379
INSTEEL INDUSTRIES INC COM 45774W108 1,090 32,644 SH   SOLE   0 0 32,644
FIRST INTERNET BANCORP COM 320557101 692 20,304 SH   SOLE   0 0 20,304
INNOSPEC INC COM 45768S105 12,344 161,253 SH   SOLE   22,200 0 139,053
KIRKLANDS INC COM 497498105 708 60,852 SH   SOLE   0 0 60,852
LAKELAND INDS INC COM 511795106 1,774 125,342 SH   SOLE   0 0 125,342
LIMONEIRA CO COM 532746104 4,078 165,713 SH   SOLE   48,017 0 117,696
LANDSTAR SYS INC COM 515098101 262 2,400 SH   SOLE   0 0 2,400
LUNA INNOVATIONS COM 550351100 1,284 430,821 SH   SOLE   359,796 0 71,025
MITCHAM INDS INC COM 606501104 1,303 324,169 SH   SOLE   0 0 324,169
MOBILE MINI INC COM 60740F105 7,423 158,265 SH   SOLE   0 0 158,265
MIND C T I LTD ORD M70240102 84 38,568 SH   SOLE   38,568 0 0
MANITEX INTL INC COM 563420108 6,333 507,431 SH   SOLE   279,820 0 227,611
MICROSOFT CORP COM 594918104 429 4,350 SH   SOLE   0 0 4,350
MATRIX SVC CO COM 576853105 6,566 357,812 SH   SOLE   12,600 0 345,212
NATURES SUNSHINE PRODUCTS IN COM 639027101 6,572 702,872 SH   SOLE   176,557 0 526,315
NORTHERN TECH INTL CORP COM 665809109 1,032 28,814 SH   SOLE   0 0 28,814
NV5 GLOBAL INC COM 62945V109 11,679 168,529 SH   SOLE   16,600 0 151,929
NATIONAL WESTN LIFE GROUP IN CL A 638517102 5,644 18,370 SH   SOLE   3,001 0 15,369
NORTHWEST PIPE CO COM 667746101 4,259 219,856 SH   SOLE   0 0 219,856
PRO-DEX INC COLO COM NEW 74265M205 93 14,000 SH   SOLE   14,000 0 0
ISHARES TR S&P US PFD STK 464288687 458 12,143 SH   SOLE   0 0 12,143
POINTER TELOCATION LTD SHS M7946T104 219 18,246 SH   SOLE   13,300 0 4,946
PERMA PIPE INTL HLDGS INC COM 714167103 2,025 216,603 SH   SOLE   46,882 0 169,721
PIONEER PWR SOLUTIONS INC COM NEW 723836300 1,485 291,160 SH   SOLE   75,000 0 216,160
PRGX GLOBAL INC COM NEW 69357C503 3,601 371,222 SH   SOLE   106,318 0 264,904
RENT A CTR INC NEW COM 76009N100 1,439 97,784 SH   SOLE   400 0 97,384
SAEXPLORATION HLDGS INC COM NEW 78636X204 61 37,700 SH   SOLE   0 0 37,700
SALEM MEDIA GROUP INC CL A 794093104 2,141 415,739 SH   SOLE   5,000 0 410,739
SILICOM LTD ORD M84116108 2,588 67,287 SH   SOLE   3,000 0 64,287
SUPERCOM LTD NEW SHS NEW M87095119 584 249,377 SH   SOLE   0 0 249,377
STERLING CONSTRUCTION CO INC COM 859241101 821 63,000 SH   SOLE   63,000 0 0
TRIDENT ACQUISITIONS CORP UNIT 05/09/2023 89615T205 700 140,000 SH   SOLE   140,000 0 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 5,154 1,030,805 SH   SOLE   0 0 1,030,805
TETRA TECH INC NEW COM 88162G103 13,407 229,172 SH   SOLE   51,000 0 178,172
VEON LTD SPONSORED ADR 91822M106 32 13,300 SH   SOLE   13,300 0 0
CERAGON NETWORKS LTD ORD M22013102 2,793 782,365 SH   SOLE   359,550 0 422,815
ABBOTT LABS COM 002824100 326 5,340 SH   SOLE   0 0 5,340
ACME UTD CORP COM 004816104 1,962 94,575 SH   SOLE   29,000 0 65,575
ABERDEEN EMRG MRKTS EQT INM COM 00301W105 358 51,117 SH   SOLE   0 0 51,117
FEDERAL AGRIC MTG CORP CL C 313148306 8,749 97,778 SH   SOLE   14,005 0 83,773
AMERICAN WTR WKS CO INC NEW COM 030420103 5,745 67,283 SH   SOLE   11,300 0 55,983
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 3,023 54,358 SH   SOLE   0 0 54,358
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 601 3,219 SH   SOLE   200 0 3,019
CHINA FD INC COM 169373107 1,343 64,250 SH   SOLE   439 0 63,811
CRAWFORD & CO CL A 224633206 6,595 766,024 SH   SOLE   160,154 0 605,870
CVS HEALTH CORP COM 126650100 299 4,650 SH   SOLE   0 0 4,650
CPI AEROSTRUCTURES INC COM NEW 125919308 115 10,950 SH   SOLE   0 0 10,950
CHEVRON CORP NEW COM 166764100 327 2,590 SH   SOLE   0 0 2,590
DISCOVER FINL SVCS COM 254709108 979 13,900 SH   SOLE   0 0 13,900
QUEST DIAGNOSTICS INC COM 74834L100 269 2,450 SH   SOLE   0 0 2,450
COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 98 17,500 SH   SOLE   17,500 0 0
GENERAL ELECTRIC CO COM 369604103 1,478 108,601 SH   SOLE   0 0 108,601
GENWORTH FINL INC COM CL A 37247D106 3,621 804,752 SH   SOLE   0 0 804,752
GP STRATEGIES CORP COM 36225V104 1,068 60,710 SH   SOLE   0 0 60,710
INVESCO ACTIVELY MANAGD ETF ULTRA SHRT DUR 46090A887 441 8,780 SH   SOLE   0 0 8,780
GENESEE & WYO INC CL A 371559105 203 2,493 SH   SOLE   0 0 2,493
HUNTSMAN CORP COM 447011107 7,789 266,736 SH   SOLE   0 0 266,736
ISHARES TR U.S. MED DVC ETF 464288810 441 2,200 SH   SOLE   0 0 2,200
ISHARES TR CORE S&P MCP ETF 464287507 828 4,250 SH   SOLE   0 0 4,250
ISHARES TR CORE S&P SCP ETF 464287804 359 4,300 SH   SOLE   0 0 4,300
ISHARES TR CORE S&P500 ETF 464287200 997 3,650 SH   SOLE   0 0 3,650
JACOBS ENGR GROUP INC DEL COM 469814107 14,466 227,847 SH   SOLE   43,510 0 184,337
JOHNSON & JOHNSON COM 478160104 206 1,696 SH   SOLE   0 0 1,696
JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 1,635 140,248 SH   SOLE   6,000 0 134,248
KRATON CORPORATION COM 50077C106 4,701 101,890 SH   SOLE   0 0 101,890
LSB INDS INC COM 502160104 949 179,031 SH   SOLE   64,746 0 114,285
MILLER INDS INC TENN COM NEW 600551204 2,143 83,863 SH   SOLE   0 0 83,863
ALTRIA GROUP INC COM 02209S103 264 4,643 SH   SOLE   0 0 4,643
MARATHON PETE CORP COM 56585A102 350 4,986 SH   SOLE   0 0 4,986
OWENS ILL INC COM NEW 690768403 4,615 274,545 SH   SOLE   16,400 0 258,145
PG&E CORP COM 69331C108 10,210 239,888 SH   SOLE   31,000 0 208,888
PFIZER INC COM 717081103 314 8,655 SH   SOLE   500 0 8,155
RENAISSANCERE HOLDINGS LTD COM G7496G103 2,783 23,129 SH   SOLE   0 0 23,129
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 5,037 838,144 SH   SOLE   198,232 0 639,912
SERVICE CORP INTL COM 817565104 9,945 277,873 SH   SOLE   21,726 0 256,147
ORCHIDS PAPER PRODS CO DEL COM 68572N104 1,110 278,970 SH   SOLE   79,900 0 199,070
TRAVELERS COMPANIES INC COM 89417E109 5,928 48,451 SH   SOLE   216 0 48,235
TUPPERWARE BRANDS CORP COM 899896104 2,723 66,031 SH   SOLE   14,350 0 51,681
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 349 2,192 SH   SOLE   0 0 2,192
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 457 1,833 SH   SOLE   0 0 1,833
VISTRA ENERGY CORP COM 92840M102 7,845 331,577 SH   SOLE   0 0 331,577
VANGUARD INDEX FDS TOTAL STK MKT 922908769 1,229 8,750 SH   SOLE   0 0 8,750
WIDEPOINT CORP COM 967590100 519 944,358 SH   SOLE   551,724 0 392,634
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 352 13,225 SH   SOLE   0 0 13,225
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 302 4,350 SH   SOLE   0 0 4,350
BALDWIN & LYONS INC CL B 057755209 4,542 186,136 SH   SOLE   0 0 186,136