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 266 4,725 SH   SOLE N/A 4,725 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 2,038 120,605 SH   OTR 1 120,605 0 0
ALTICE USA INC CL A 02156K103 852 35,000 SH   OTR 1 35,000 0 0
AMREP CORP NEW COM 032159105 4,074 593,907 SH   OTR 1 593,907 0 0
AMREP CORP NEW COM 032159105 34 4,900 SH   SOLE N/A 4,900 0 0
BLACKBERRY LTD COM 09228F103 187 25,000 SH   OTR 1 25,000 0 0
BBX CAPITAL CORP CL A 05491N104 2,565 522,357 SH   OTR 1 522,357 0 0
BBX CAPITAL CORP CL A 05491N104 96 19,579 SH   SOLE N/A 19,579 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 29,680 1,760,355 SH   OTR 1 1,760,355 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 2,009 119,169 SH   SOLE N/A 119,169 0 0
BMC STOCK HOLDINGS INC COM 05591B109 31,433 1,482,669 SH   OTR 1 1,482,669 0 0
BMC STOCK HOLDINGS INC COM 05591B109 2,552 120,376 SH   SOLE N/A 120,376 0 0
SEACOR HOLDINGS INC COM 811904101 3,692 77,716 SH   OTR 1 77,716 0 0
SEACOR HOLDINGS INC COM 811904101 48 1,020 SH   SOLE N/A 1,020 0 0
CANADIAN NAT RES LTD COM 136385101 5,112 189,540 SH   OTR 1 189,540 0 0
CANADIAN NAT RES LTD COM 136385101 761 28,209 SH   SOLE N/A 28,209 0 0
CARRIAGE SVCS INC COM 143905107 378 19,876 SH   OTR 1 19,876 0 0
CAVCO INDS INC DEL COM 149568107 7,350 46,657 SH   OTR 1 46,657 0 0
CAVCO INDS INC DEL COM 149568107 1,042 6,612 SH   SOLE N/A 6,612 0 0
DANA HOLDING CORP COM 235825205 3,586 179,815 SH   OTR 1 179,815 0 0
DANA HOLDING CORP COM 235825205 70 3,500 SH   SOLE N/A 3,500 0 0
DIAMOND HILL INVESTMENT GROUP COM 25264R207 638 4,500 SH   OTR 1 4,500 0 0
DAWSON GEOPHYSICAL CO COM NEW 239360100 217 86,624 SH   OTR 1 86,624 0 0
DAWSON GEOPHYSICAL CO COM NEW 239360100 18 7,194 SH   SOLE N/A 7,194 0 0
GRAFTECH INTERNATIONAL COM 384313508 6,053 526,380 SH   OTR 1 526,380 0 0
GRAFTECH INTERNATIONAL COM 384313508 2 200 SH   SOLE N/A 200 0 0
ENSCO PLC SHS CLASS A G3157S106 5,064 593,651 SH   OTR 1 593,651 0 0
ENSCO PLC SHS CLASS A G3157S106 281 32,918 SH   SOLE N/A 32,918 0 0
EXTERRAN CORPORATION COM 30227H106 4,824 339,211 SH   OTR 1 339,211 0 0
EXTERRAN CORPORATION COM 30227H106 32 2,250 SH   SOLE N/A 2,250 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106 306 40,750 SH   OTR 1 40,750 0 0
FRP HLDGS INCORPORATED COM 30292L107 809 14,500 SH   OTR 1 14,500 0 0
TECHNIPFMC PLC COM G87110105 2,535 97,728 SH   OTR 1 97,728 0 0
TECHNIPFMC PLC COM G87110105 60 2,312 SH   SOLE N/A 2,312 0 0
STEALTHGAS INC SHS Y81669106 2,057 597,828 SH   OTR 1 597,828 0 0
STEALTHGAS INC SHS Y81669106 32 9,200 SH   SOLE N/A 9,200 0 0
GAIN CAPITAL HOLDINGS COM 36268W100 1,393 337,365 SH   OTR 1 337,365 0 0
GCI LIBERTY INC COM CLASS A 36164V305 246 4,000 SH   OTR 1 4,000 0 0
GRUBHUB COM 400110102 5,459 70,000 SH   OTR 1 70,000 0 0
HUDSON TECHNOLOGIES INC COM 444144109 12 13,950 SH   OTR 1 13,950 0 0
HALLADOR ENERGY COMPANY COM 40609P105 68 11,995 SH   OTR 1 11,995 0 0
HALLADOR ENERGY COMPANY COM 40609P105 62 10,925 SH   SOLE N/A 10,925 0 0
HELMERICH & PAYNE INC COM 423452101 3,071 60,659 SH   OTR 1 60,659 0 0
HELMERICH & PAYNE INC COM 423452101 43 854 SH   SOLE N/A 854 0 0
INSTEEL INDUSTRIES INC COM 45774W108 4,515 216,873 SH   OTR 1 216,873 0 0
JEFFERIES FINL GROUP INC COM 47233W109 8,932 464,469 SH   OTR 1 464,469 0 0
JEFFERIES FINL GROUP INC COM 47233W109 307 15,978 SH   SOLE N/A 15,978 0 0
LINCOLN ELEC HLDGS INC COM 533900106 7,046 85,591 SH   OTR 1 85,591 0 0
LINCOLN ELEC HLDGS INC COM 533900106 14 175 SH   SOLE N/A 175 0 0
LEGACY HOUSING COR COM 52472M101 735 59,000 SH   OTR 1 59,000 0 0
SPARK NETWORKS SE SPONSORED ADR 846517100 266 22,587 SH   OTR 1 22,587 0 0
DORIAN LPG LTD SHS USD Y2106R110 2,860 317,117 SH   OTR 1 317,117 0 0
LSB INDS INC COM 502160104 7,526 1,929,744 SH   OTR 1 1,929,744 0 0
LSB INDS INC COM 502160104 137 35,055 SH   SOLE N/A 35,055 0 0
METHODE ELECTRONICS INC COM 591520200 5,248 183,690 SH   OTR 1 183,690 0 0
MERCK & CO INC NEW COM 58933Y105 252 3,000 SH   OTR 1 3,000 0 0
MERITOR INC COM 59001K100 1,183 48,780 SH   OTR 1 48,780 0 0
OMNOVA SOLUTIONS INC COM 682129101 5,424 870,699 SH   OTR 1 870,699 0 0
OMNOVA SOLUTIONS INC COM 682129101 28 4,550 SH   SOLE N/A 4,550 0 0
NORBORD INC COM NEW 65548P403 11,865 478,603 SH   OTR 1 478,603 0 0
NORBORD INC COM NEW 65548P403 313 12,606 SH   SOLE N/A 12,606 0 0
PCM, INC COM 69323K100 876 25,000 SH   OTR 1 25,000 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 8,395 643,767 SH   OTR 1 643,767 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 1,132 86,780 SH   SOLE N/A 86,780 0 0
PICO HLDGS INC COM NEW 693366205 1,275 109,745 SH   OTR 1 109,745 0 0
PICO HLDGS INC COM NEW 693366205 59 5,040 SH   SOLE N/A 5,040 0 0
RADNET INC COM 750491102 8,115 588,468 SH   OTR 1 588,468 0 0
RADNET INC COM 750491102 85 6,200 SH   SOLE N/A 6,200 0 0
GIBRALTAR INDS INC COM 374689107 1,345 33,334 SH   OTR 1 33,334 0 0
SKYLINE CORP COM 830830105 6,054 221,120 SH   OTR 1 221,120 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 2,990 199,894 SH   OTR 1 199,894 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 14 932 SH   SOLE N/A 932 0 0
TIDEWATER INC COM 88642R109 25,828 1,099,999 SH   OTR 1 1,099,999 0 0
TIDEWATER INC COM 88642R109 157 6,699 SH   SOLE N/A 6,699 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117 796 261,059 SH   OTR 1 261,059 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117 3 1,135 SH   SOLE N/A 1,135 0 0
TIDEWATER INC *W EXP 07/31/202 88642R125 963 346,501 SH   OTR 1 346,501 0 0
TIDEWATER INC *W EXP 07/31/202 88642R125 3 1,227 SH   SOLE N/A 1,227 0 0
TIMKEN CO COM 887389104 757 14,750 SH   OTR 1 14,750 0 0
TOTAL S A SPONSORED ADR 89151E113 443 7,935 SH   OTR 1 7,935 0 0
AMERCO COM 023586100 833 2,200 SH   OTR 1 2,200 0 0
U M H PROPERTIES INC COM 903002103 5,576 449,325 SH   OTR 1 449,325 0 0
U M H PROPERTIES INC COM 903002103 145 11,700 SH   SOLE N/A 11,700 0 0
VENATOR MATLS PLC SHS G9329Z100 3,725 704,175 SH   OTR 1 704,175 0 0
WABCO HOLDGS INCORPORATED COM 92927K102 663 5,000 SH   OTR 1 5,000 0 0
WESTERN DIGITAL CORP COM 958102105 8,892 187,005 SH   OTR 1 187,005 0 0
WESTERN DIGITAL CORP COM 958102105 95 2,000 SH   SOLE N/A 2,000 0 0
WESTLAKE CHEM CORP COM 960413102 19,937 287,027 SH   OTR 1 287,027 0 0
WESTLAKE CHEM CORP COM 960413102 219 3,160 SH   SOLE N/A 3,160 0 0