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
ADVANCED ENERGY INDS COM 007973100 265 5,325 SH   SOLE N/A 5,325 0 0
AMERCO COM 023586100 966 2,600 SH   OTR 1 2,600 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 2,805 126,537 SH   OTR 1 126,537 0 0
ALTICE USA INC CL A 02156K103 752 35,000 SH   OTR 1 35,000 0 0
AMREP CORP NEW COM 032159105 3,454 600,707 SH   OTR 1 600,707 0 0
AMREP CORP NEW COM 032159105 73 12,719 SH   SOLE N/A 12,719 0 0
BBX CAPITAL CORP CL A 05491N104 116 19,579 SH   SOLE N/A 19,579 0 0
BBX CAPITAL CORP CL A 05491N104 3,167 535,050 SH   OTR 1 535,050 0 0
BMC STOCK HOLDINGS INC COM 05591B109 2,535 143,476 SH   SOLE N/A 143,476 0 0
BMC STOCK HOLDINGS INC COM 05591B109 33,295 1,884,259 SH   OTR 1 1,884,259 0 0
BITAUTO HOLDINGS LTD SPONSORED ADS 091727107 796 50,000 SH   OTR 1 50,000 0 0
BLACKBERRY LTD COM 09228F103 252 25,000 SH   OTR 1 25,000 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 1,603 120,169 SH   SOLE N/A 120,169 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 25,463 1,908,794 SH   OTR 1 1,908,794 0 0
CANADIAN NAT RES LTD COM 136385101 5,467 198,795 SH   OTR 1 198,795 0 0
CANADIAN NAT RES LTD COM 136385101 789 28,709 SH   SOLE N/A 28,709 0 0
CARRIAGE SVCS INC COM 143905107 446 23,166 SH   OTR 1 23,166 0 0
CAVCO INDS INC DEL COM 149568107 5,649 48,062 SH   OTR 1 48,062 0 0
CAVCO INDS INC DEL COM 149568107 777 6,612 SH   SOLE N/A 6,612 0 0
DANA HOLDING CORP COM 235825205 3,184 179,485 SH   OTR 1 179,485 0 0
DAWSON GEOPHYSICAL CO COM NEW 239360100 21 7,194 SH   SOLE N/A 7,194 0 0
DAWSON GEOPHYSICAL CO COM NEW 239360100 254 86,624 SH   OTR 1 86,624 0 0
DIAMOND HILL INVESTMENT GROUP COM 25264R207 700 5,000 SH   OTR 1 5,000 0 0
EXTERRAN CORPORATION COM 30227H106 41 2,450 SH   SOLE N/A 2,450 0 0
EXTERRAN CORPORATION COM 30227H106 5,856 347,546 SH   OTR 1 347,546 0 0
FRP HLDGS INCORPORATED COM 30292L107 560 11,770 SH   OTR 1 11,770 0 0
FRANCESCA HLDGS CORP COM 351793104 110 162,686 SH   OTR 1 162,686 0 0
GCI LIBERTY INC COM CLASS A 36164V305 779 14,000 SH   OTR 1 14,000 0 0
GAIN CAPITAL HOLDINGS COM 36268W100 2,210 351,950 SH   OTR 1 351,950 0 0
GIBRALTAR INDS INC COM 374689107 1,409 34,684 SH   OTR 1 34,684 0 0
GRAFTECH INTERNATIONAL LTD COM 384313508 4,624 361,510 SH   OTR 1 361,510 0 0
GRUBHUB COM 400110102 4,863 70,000 SH   OTR 1 70,000 0 0
HALLADOR ENERGY COMPANY COM 40609P105 61 11,663 SH   SOLE N/A 11,663 0 0
HALLADOR ENERGY COMPANY COM 40609P105 63 11,995 SH   OTR 1 11,995 0 0
HELIX ENERGY SOLUTIONS GROUP INC COM 42330P107 97 12,250 SH   OTR 1 12,250 0 0
HELMERICH & PAYNE INC COM 423452101 47 854 SH   SOLE N/A 854 0 0
HELMERICH & PAYNE INC COM 423452101 3,596 64,728 SH   OTR 1 64,728 0 0
HUDSON TECHNOLOGIES INC COM 444144109 27 13,950 SH   OTR 1 13,950 0 0
INSTEEL INDUSTRIES INC COM 45774W108 4,710 225,160 SH   OTR 1 225,160 0 0
JEFFERIES FINL GROUP INC COM 47233W109 316 16,793 SH   SOLE N/A 16,793 0 0
JEFFERIES FINL GROUP INC COM 47233W109 6,825 363,205 SH   OTR 1 363,205 0 0
LSB INDS INC COM 502160104 224 35,943 SH   SOLE N/A 35,943 0 0
LSB INDS INC COM 502160104 12,321 1,974,500 SH   OTR 1 1,974,500 0 0
LINCOLN ELEC HLDGS INC COM 533900106 15 175 SH   SOLE N/A 175 0 0
LINCOLN ELEC HLDGS INC COM 533900106 7,559 90,126 SH   OTR 1 90,126 0 0
LIQUIDITY SERVICES INC COM 53635B107 88 11,475 SH   SOLE N/A 11,475 0 0
MERCK & CO INC NEW COM 58933Y105 250 3,000 SH   OTR 1 3,000 0 0
MERITOR INC COM 59001K100 1,100 54,060 SH   OTR 1 54,060 0 0
METHODE ELECTRONICS INC COM 591520200 5,570 193,532 SH   OTR 1 193,532 0 0
NORBORD INC COM NEW 65548P403 357 12,956 SH   SOLE N/A 12,956 0 0
NORBORD INC COM NEW 65548P403 13,493 489,766 SH   OTR 1 489,766 0 0
OMNOVA SOLUTIONS INC COM 682129101 32 4,550 SH   SOLE N/A 4,550 0 0
OMNOVA SOLUTIONS INC COM 682129101 6,432 916,284 SH   OTR 1 916,284 0 0
PCM, INC COM 69323K100 916 25,000 SH   OTR 1 25,000 0 0
PICO HLDGS INC COM NEW 693366205 50 5,040 SH   SOLE N/A 5,040 0 0
PICO HLDGS INC COM NEW 693366205 1,157 116,845 SH   OTR 1 116,845 0 0
PHI INC NON VTG 69336T205 1 1,250 SH   SOLE N/A 1,250 0 0
PHI INC NON VTG 69336T205 18 41,282 SH   OTR 1 41,282 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 1,667 106,166 SH   SOLE N/A 106,166 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 10,151 646,567 SH   OTR 1 646,567 0 0
PRICESMART INC COM 741511109 327 5,553 SH   OTR 1 5,553 0 0
RADNET INC COM 750491102 77 6,200 SH   SOLE N/A 6,200 0 0
RADNET INC COM 750491102 7,607 613,935 SH   OTR 1 613,935 0 0
RETAIL VENTURES INC COM 76133Q102 982 31,512 SH   OTR 1 31,512 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 12 932 SH   SOLE N/A 932 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 1,805 135,646 SH   OTR 1 135,646 0 0
SEACOR HOLDINGS INC COM 811904101 43 1,020 SH   SOLE N/A 1,020 0 0
SEACOR HOLDINGS INC COM 811904101 3,359 79,451 SH   OTR 1 79,451 0 0
SKYLINE CORP COM 830830105 4,236 222,940 SH   OTR 1 222,940 0 0
SPARK NETWORKS SE SPONSORED ADR 846517100 395 24,838 SH   OTR 1 24,838 0 0
TIDEWATER INC COM 88642R109 155 6,699 SH   SOLE N/A 6,699 0 0
TIDEWATER INC COM 88642R109 16,703 720,265 SH   OTR 1 720,265 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117 4 1,135 SH   SOLE N/A 1,135 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117 963 267,466 SH   OTR 1 267,466 0 0
TIDEWATER INC *W EXP 07/31/202 88642R125 4 1,227 SH   SOLE N/A 1,227 0 0
TIDEWATER INC *W EXP 07/31/202 88642R125 1,218 356,438 SH   OTR 1 356,438 0 0
TIMKEN CO COM 887389104 737 16,900 SH   OTR 1 16,900 0 0
U M H PROPERTIES INC COM 903002103 179 12,700 SH   SOLE N/A 12,700 0 0
U M H PROPERTIES INC COM 903002103 6,569 466,525 SH   OTR 1 466,525 0 0
WABCO HOLDGS INCORPORATED COM 92927K102 659 5,000 SH   OTR 1 5,000 0 0
WESTERN DIGITAL CORP COM 958102105 96 2,000 SH   SOLE N/A 2,000 0 0
WESTERN DIGITAL CORP COM 958102105 9,283 193,145 SH   OTR 1 193,145 0 0
WESTLAKE CHEM CORP COM 960413102 214 3,160 SH   SOLE N/A 3,160 0 0
WESTLAKE CHEM CORP COM 960413102 19,845 292,447 SH   OTR 1 292,447 0 0
ENSCO PLC SHS CLASS A G3157S106 521 132,677 SH   SOLE N/A 132,677 0 0
ENSCO PLC SHS CLASS A G3157S106 5,486 1,395,917 SH   OTR 1 1,395,917 0 0
ROWAN COMPANIES PLC COM G7665A101 2,603 241,250 SH   OTR 1 241,250 0 0
TECHNIPFMC PLC COM G87110105 54 2,312 SH   SOLE N/A 2,312 0 0
TECHNIPFMC PLC COM G87110105 2,432 103,390 SH   OTR 1 103,390 0 0
VENATOR MATLS PLC SHS G9329Z100 2,224 395,800 SH   OTR 1 395,800 0 0
DORIAN LPG LTD SHS USD Y2106R110 2,040 317,817 SH   OTR 1 317,817 0 0
DORIAN LPG LTD SHS USD Y2106R110 1 222 SH   SOLE N/A 222 0 0
STEALTHGAS INC SHS Y81669106 32 9,200 SH   SOLE N/A 9,200 0 0
STEALTHGAS INC SHS Y81669106 2,194 626,909 SH   OTR 1 626,909 0 0