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 6,146 337,686 SH   SOLE   10,000 0 327,686
ENOVA INTL INC COM 29357K103 2,021 103,831 SH   SOLE   16,256 0 87,575
ISHARES US ETF TR SHT MAT BD ETF 46431W507 1,138 22,836 SH   SOLE   0 0 22,836
VANECK VECTORS ETF TR PFD SECS EX FINL 92189F429 351 19,786 SH   SOLE   0 0 19,786
UNIQUE FABRICATING INC COM 90915J103 1,246 295,310 SH   SOLE   113,325 0 181,985
VOLT INFORMATION SCIENCES IN COM 928703107 1,472 684,693 SH   SOLE   45,346 0 639,347
VENATOR MATLS PLC SHS G9329Z100 482 115,000 SH   SOLE   115,000 0 0
AEGION CORP COM 00770F104 5,523 338,427 SH   SOLE   79,750 0 258,677
APPLIANCE RECYCLING CTRS AME COM NEW 03814F205 7 15,000 SH   SOLE   15,000 0 0
ASV HLDGS INC COM 00215L104 1,204 601,938 SH   SOLE   100,000 0 501,938
NATUS MEDICAL INC DEL COM 639050103 2,244 65,956 SH   SOLE   32,000 0 33,956
BANK COMM HLDGS COM 06424J103 701 64,001 SH   SOLE   61,645 0 2,356
CAMTEK LTD ORD M20791105 2,627 388,040 SH   SOLE   41,000 0 347,040
AMERICAS CAR MART INC COM 03062T105 975 13,458 SH   SOLE   7,600 0 5,858
CISCO SYS INC COM 17275R102 416 9,598 SH   SOLE   507 0 9,091
CUI GLOBAL INC COM NEW 126576206 582 473,544 SH   SOLE   0 0 473,544
DOLPHIN ENTMT INC COM 25686H100 142 185,051 SH   SOLE   185,051 0 0
ISHARES TR SELECT DIVID ETF 464287168 210 2,350 SH   SOLE   0 0 2,350
DAWSON GEOPHYSICAL CO NEW COM 239360100 1,823 539,432 SH   SOLE   0 0 539,432
DESTINATION XL GROUP INC COM 25065K104 976 449,842 SH   SOLE   207,536 0 242,306
EAST WEST BANCORP INC COM 27579R104 8,166 187,592 SH   SOLE   29,451 0 158,141
EZCORP INC CL A NON VTG 302301106 5,575 721,202 SH   SOLE   142,475 0 578,727
FOSTER L B CO COM 350060109 2,055 129,221 SH   SOLE   0 0 129,221
STEALTHGAS INC SHS Y81669106 1,126 407,985 SH   SOLE   50,000 0 357,985
HOPE BANCORP INC COM 43940T109 5,083 428,575 SH   SOLE   79,801 0 348,774
INSTEEL INDUSTRIES INC COM 45774W108 763 31,414 SH   SOLE   0 0 31,414
FIRST INTERNET BANCORP COM 320557101 420 20,528 SH   SOLE   0 0 20,528
INNOSPEC INC COM 45768S105 9,815 158,919 SH   SOLE   22,200 0 136,719
LAKELAND INDS INC COM 511795106 1,415 135,579 SH   SOLE   0 0 135,579
LIMONEIRA CO COM 532746104 3,194 163,378 SH   SOLE   48,017 0 115,361
LANDSTAR SYS INC COM 515098101 220 2,300 SH   SOLE   0 0 2,300
LUNA INNOVATIONS COM 550351100 1,385 413,483 SH   SOLE   359,796 0 53,687
MITCHAM INDS INC COM 606501104 801 312,709 SH   SOLE   0 0 312,709
MOBILE MINI INC COM 60740F105 4,961 156,236 SH   SOLE   0 0 156,236
MIND C T I LTD ORD M70240102 88 38,568 SH   SOLE   38,568 0 0
MANITEX INTL INC COM 563420108 2,896 509,931 SH   SOLE   279,820 0 230,111
MICROSOFT CORP COM 594918104 442 4,350 SH   SOLE   0 0 4,350
MATRIX SVC CO COM 576853105 6,230 347,278 SH   SOLE   12,600 0 334,678
NATURES SUNSHINE PRODUCTS IN COM 639027101 5,318 652,551 SH   SOLE   176,557 0 475,994
NORTHERN TECH INTL CORP COM 665809109 848 28,664 SH   SOLE   0 0 28,664
NV5 GLOBAL INC COM 62945V109 9,475 156,486 SH   SOLE   16,600 0 139,886
NATIONAL WESTN LIFE GROUP IN CL A 638517102 5,430 18,058 SH   SOLE   3,001 0 15,057
NORTHWEST PIPE CO COM 667746101 5,526 237,285 SH   SOLE   0 0 237,285
PRO-DEX INC COLO COM NEW 74265M205 121 10,000 SH   SOLE   10,000 0 0
ISHARES TR S&P US PFD STK 464288687 416 12,143 SH   SOLE   0 0 12,143
POINTER TELOCATION LTD SHS M7946T104 394 32,395 SH   SOLE   13,300 0 19,095
PERMA PIPE INTL HLDGS INC COM 714167103 1,815 207,485 SH   SOLE   46,882 0 160,603
PIONEER PWR SOLUTIONS INC COM NEW 723836300 1,494 284,610 SH   SOLE   75,000 0 209,610
PRGX GLOBAL INC COM NEW 69357C503 424 44,746 SH   SOLE   28,166 0 16,580
PROTECTIVE INS CORP CL B 74368L203 2,931 176,021 SH   SOLE   0 0 176,021
RICHARDSON ELECTRS LTD COM 763165107 440 50,600 SH   SOLE   50,600 0 0
SALEM MEDIA GROUP INC CL A 794093104 767 367,189 SH   SOLE   5,000 0 362,189
SUPERIOR GRP OF COMPANIES IN COM 868358102 3,558 201,569 SH   SOLE   0 0 201,569
SILICOM LTD ORD M84116108 2,480 70,986 SH   SOLE   3,000 0 67,986
SUPERCOM LTD NEW SHS NEW M87095119 295 213,548 SH   SOLE   0 0 213,548
STERLING CONSTRUCTION CO INC COM 859241101 686 63,000 SH   SOLE   63,000 0 0
TRIDENT ACQUISITIONS CORP UNIT 05/09/2023 89615T205 713 140,000 SH   SOLE   140,000 0 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 2,266 989,646 SH   SOLE   0 0 989,646
TETRA TECH INC NEW COM 88162G103 11,515 222,425 SH   SOLE   51,000 0 171,425
VEON LTD SPONSORED ADR 91822M106 31 13,300 SH   SOLE   13,300 0 0
VSE CORP COM 918284100 382 12,788 SH   SOLE   0 0 12,788
ANDERSONS INC COM 034164103 3,415 114,255 SH   SOLE   0 0 114,255
AROTECH CORP COM NEW 042682203 212 81,100 SH   SOLE   0 0 81,100
CERAGON NETWORKS LTD ORD M22013102 2,749 727,365 SH   SOLE   304,550 0 422,815
ABERDEEN EMRG MRKTS EQT INM COM 00301W105 323 50,896 SH   SOLE   0 0 50,896
FEDERAL AGRIC MTG CORP CL C 313148306 5,751 95,147 SH   SOLE   14,013 0 81,133
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 2,802 54,268 SH   SOLE   0 0 54,268
CHINA FD INC COM 169373107 1,079 63,876 SH   SOLE   439 0 63,437
CRAWFORD & CO CL A 224633206 6,909 776,293 SH   SOLE   160,154 0 616,139
CPI AEROSTRUCTURES INC COM NEW 125919308 70 10,950 SH   SOLE   0 0 10,950
DISCOVER FINL SVCS COM 254709108 805 13,650 SH   SOLE   0 0 13,650
QUEST DIAGNOSTICS INC COM 74834L100 204 2,450 SH   SOLE   0 0 2,450
COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 137 17,500 SH   SOLE   17,500 0 0
GENERAL ELECTRIC CO COM 369604103 1,408 186,004 SH   SOLE   0 0 186,004
GENWORTH FINL INC COM CL A 37247D106 3,478 744,852 SH   SOLE   0 0 744,852
GP STRATEGIES CORP COM 36225V104 1,887 149,673 SH   SOLE   0 0 149,673
INVESCO ACTIVELY MANAGD ETF ULTRA SHRT DUR 46090A887 542 10,821 SH   SOLE   0 0 10,821
HUNTSMAN CORP COM 447011107 5,105 264,799 SH   SOLE   0 0 264,799
ISHARES TR U.S. MED DVC ETF 464288810 440 2,200 SH   SOLE   0 0 2,200
ISHARES TR CORE S&P MCP ETF 464287507 706 4,250 SH   SOLE   0 0 4,250
ISHARES TR CORE S&P SCP ETF 464287804 298 4,300 SH   SOLE   0 0 4,300
ISHARES TR CORE S&P500 ETF 464287200 918 3,650 SH   SOLE   0 0 3,650
JACOBS ENGR GROUP INC DEL COM 469814107 12,923 221,050 SH   SOLE   42,900 0 178,150
JOHNSON & JOHNSON COM 478160104 341 2,646 SH   SOLE   0 0 2,646
JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 1,158 139,165 SH   SOLE   7,208 0 131,956
KRATON CORPORATION COM 50077C106 3,543 162,227 SH   SOLE   0 0 162,227
LSB INDS INC COM 502160104 564 102,105 SH   SOLE   0 0 102,105
MILLER INDS INC TENN COM NEW 600551204 2,218 82,153 SH   SOLE   0 0 82,153
ALTRIA GROUP INC COM 02209S103 229 4,643 SH   SOLE   0 0 4,643
MARATHON PETE CORP COM 56585A102 294 4,986 SH   SOLE   0 0 4,986
OWENS ILL INC COM NEW 690768403 4,352 252,412 SH   SOLE   16,400 0 236,012
PG&E CORP COM 69331C108 4,131 173,932 SH   SOLE   31,000 0 142,932
PFIZER INC COM 717081103 378 8,658 SH   SOLE   503 0 8,155
PROCTER AND GAMBLE CO COM 742718109 202 2,200 SH   SOLE   0 0 2,200
RENAISSANCERE HOLDINGS LTD COM G7496G103 3,091 23,117 SH   SOLE   0 0 23,117
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 6,724 833,187 SH   SOLE   198,232 0 634,955
SERVICE CORP INTL COM 817565104 11,113 276,020 SH   SOLE   21,738 0 254,282
ORCHIDS PAPER PRODS CO DEL COM 68572N104 216 229,905 SH   SOLE   79,900 0 150,005
TUTOR PERINI CORP COM 901109108 5,845 366,233 SH   SOLE   0 0 366,233
TRAVELERS COMPANIES INC COM 89417E109 5,828 48,671 SH   SOLE   218 0 48,452
TUPPERWARE BRANDS CORP COM 899896104 2,078 65,819 SH   SOLE   14,350 0 51,469
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 336 2,092 SH   SOLE   0 0 2,092
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 353 1,533 SH   SOLE   0 0 1,533
VISTRA ENERGY CORP COM 92840M102 7,453 325,607 SH   SOLE   0 0 325,607
VANGUARD INDEX FDS TOTAL STK MKT 922908769 1,117 8,750 SH   SOLE   0 0 8,750
WIDEPOINT CORP COM 967590100 440 1,056,251 SH   SOLE   551,724 0 504,527
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 299 12,550 SH   SOLE   0 0 12,550
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 239 3,850 SH   SOLE   0 0 3,850
ABBOTT LABS COM 002824100 365 5,053 SH   SOLE   0 0 5,053
ACME UTD CORP COM 004816104 1,325 92,988 SH   SOLE   29,000 0 63,988
AMERICAN WTR WKS CO INC NEW COM 030420103 6,063 66,796 SH   SOLE   11,301 0 55,494
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 604 2,959 SH   SOLE   200 0 2,759
CVS HEALTH CORP COM 126650100 400 6,100 SH   SOLE   0 0 6,100
CHEVRON CORP NEW COM 166764100 282 2,590 SH   SOLE   0 0 2,590