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
ARC Document Solutions COM 00191G103 2,660 1,913,663 SH   SOLE   1,736,833 0 176,830
AXT Inc COM 00246W103 7,692 1,768,231 SH   SOLE   1,605,081 0 163,150
Acacia Research Corp COM 003881307 3,194 1,200,570 SH   SOLE   1,043,290 0 157,280
Alpine Income Property Trust COM 02083X103 4,405 231,481 SH   SOLE   210,263 0 21,218
American River Bankshares COM 029326105 5,688 382,491 SH   SOLE   347,291 0 35,200
Amtech Systems COM 032332504 6,096 851,362 SH   SOLE   773,452 0 77,910
Asure Software COM 04649U102 7,836 958,006 SH   SOLE   845,256 0 112,750
Atlantic Capital Bank COM 048269203 3,700 201,641 SH   SOLE   183,231 0 18,410
Axos Financial COM 05465C100 459 15,150 SH   SOLE   9,420 0 5,730
BG Staffing COM 05544A109 7,091 323,952 SH   SOLE   294,032 0 29,920
Banc of California Inc COM 05990K106 1,177 68,520 SH   SOLE   42,630 0 25,890
Bank of Commerce Hlds COM 06424J103 5,970 516,007 SH   SOLE   468,772 0 47,235
Barrett Business Services Inc COM 068463108 10,924 120,762 SH   SOLE   104,342 0 16,420
BayCom Corp COM 07272M107 2,392 105,210 SH   SOLE   88,644 0 16,566
Bed Bath and Beyond COM 075896100 1,038 59,980 SH   SOLE   37,310 0 22,670
Big 5 Sporting Goods Corp COM 08915P101 3,117 1,039,158 SH   SOLE   895,558 0 143,600
Blucora Inc COM 095229100 747 28,580 SH   SOLE   17,780 0 10,800
Bridgewater Bancshares COM 108621103 1,454 105,480 SH   SOLE   65,620 0 39,860
Build A Bear Workshop COM 120076104 2,925 902,873 SH   SOLE   774,813 0 128,060
CAI International Inc COM 12477X106 9,412 324,761 SH   SOLE   281,531 0 43,230
CRH Medical COM 12626F105 8,824 2,542,811 SH   SOLE   2,178,421 0 364,390
Caleres Inc COM 129500104 1,010 42,540 SH   SOLE   26,470 0 16,070
Capital Bancorp COM 139737100 4,757 319,452 SH   SOLE   290,152 0 29,300
Care Trust REIT Inc COM 14174T107 899 43,590 SH   SOLE   27,220 0 16,370
Citi Trends Inc COM 17306X102 1,062 45,930 SH   SOLE   28,580 0 17,350
Civista Bancshares COM 178867107 3,821 159,200 SH   SOLE   136,960 0 22,240
Cohu Inc COM 192576106 12,610 551,864 SH   SOLE   476,004 0 75,860
Columbus McKinnon Corp COM 199333105 5,190 129,662 SH   SOLE   108,782 0 20,880
Comfort Systems USA Inc COM 199908104 1,210 24,270 SH   SOLE   15,100 0 9,170
Comtech Telecom Corp COM 205826209 9,982 281,259 SH   SOLE   255,589 0 25,670
ConnectOne Bancorp COM 20786W107 1,540 59,860 SH   SOLE   37,240 0 22,620
Cra Intl Inc COM 12618T105 7,601 139,539 SH   SOLE   126,749 0 12,790
Customers Bancorp COM 23204G100 1,559 65,490 SH   SOLE   40,740 0 24,750
DMC Global Inc COM 23291C103 4,032 89,722 SH   SOLE   81,512 0 8,210
DXP Enterprises, Inc COM 233377407 933 23,440 SH   SOLE   14,580 0 8,860
Daktronics, Inc COM 234264109 566 92,930 SH   SOLE   57,820 0 35,110
EPlus Inc COM 294268107 638 7,570 SH   SOLE   4,710 0 2,860
Enerpac Tool Group COM 292765104 812 31,180 SH   SOLE   19,400 0 11,780
Ennis Inc COM 293389102 1,291 59,640 SH   SOLE   37,100 0 22,540
Esquire Financial Hld COM 29667J101 7,775 298,218 SH   SOLE   270,928 0 27,290
FS Bancorp COM 30263Y104 7,181 112,575 SH   SOLE   102,255 0 10,320
Farmers National Banc Corp COM 309627107 5,372 329,153 SH   SOLE   299,003 0 30,150
First Bancshares Inc COM 318916103 4,555 128,246 SH   SOLE   116,476 0 11,770
First Business Financial Servi COM 319390100 5,380 204,340 SH   SOLE   185,600 0 18,740
First Choice Bancorp COM 31948P104 882 32,715 SH   SOLE   20,350 0 12,365
First Financial Corp COM 320218100 807 17,650 SH   SOLE   10,980 0 6,670
First Northwest COM 335834107 4,871 268,664 SH   SOLE   244,074 0 24,590
FormFactor COM 346375108 1,056 40,650 SH   SOLE   25,350 0 15,300
FreightCar America Inc COM 357023100 947 457,317 SH   SOLE   415,197 0 42,120
Global Medical REIT COM 37954A204 6,121 462,669 SH   SOLE   420,329 0 42,340
Great Ajax Corp COM 38983D300 5,656 381,923 SH   SOLE   324,333 0 57,590
Greenight Capital Cl A COM G4095J109 376 37,220 SH   SOLE   23,300 0 13,920
Hallmark Financial Services In COM 40624Q203 1,752 99,730 SH   SOLE   62,030 0 37,700
Hanger Inc COM 41043F208 1,292 46,780 SH   SOLE   29,110 0 17,670
Heritage Insurance Hlds Inc COM 42727J102 6,115 461,534 SH   SOLE   393,834 0 67,700
Hibbett Sports Inc COM 428567101 720 25,690 SH   SOLE   15,980 0 9,710
Horizon Bancorp COM 440407104 5,875 309,228 SH   SOLE   280,928 0 28,300
Houston Wire & Cable Co COM 44244K109 745 168,840 SH   SOLE   105,050 0 63,790
Hurco Companies Inc COM 447324104 5,589 145,694 SH   SOLE   132,214 0 13,480
Ichor Holdings COM G4740B105 1,319 39,660 SH   SOLE   24,680 0 14,980
InTest Corp COM 461147100 2,318 389,523 SH   SOLE   353,793 0 35,730
InnerWorkings COM 45773Y105 5,356 971,984 SH   SOLE   846,024 0 125,960
Insight Enterprises Inc COM 45765U103 2,172 30,900 SH   SOLE   19,310 0 11,590
Intevac Inc COM 461148108 1,179 167,010 SH   SOLE   103,910 0 63,100
LCNB Corp COM 50181P100 4,988 258,460 SH   SOLE   234,810 0 23,650
Landec Corp COM 514766104 5,816 514,222 SH   SOLE   445,592 0 68,630
Lifetime Brands Inc COM 53222Q103 3,953 568,723 SH   SOLE   491,713 0 77,010
MTS Systems Corp COM 553777103 478 9,950 SH   SOLE   6,190 0 3,760
Manitex International Inc COM 563420108 5,576 937,147 SH   SOLE   850,587 0 86,560
Matrix Service Co COM 576853105 1,277 55,800 SH   SOLE   34,710 0 21,090
Medifast Inc COM 58470H101 436 3,980 SH   SOLE   2,480 0 1,500
Meta Financial Group COM 59100U108 1,690 46,300 SH   SOLE   28,800 0 17,500
Metropolitan Bank Hld COM 591774104 7,518 155,873 SH   SOLE   133,383 0 22,490
Michaels Companies COM 59408Q106 762 94,130 SH   SOLE   58,550 0 35,580
MidWestOne Financial Group COM 598511103 1,288 35,560 SH   SOLE   22,120 0 13,440
Midland States COM 597742105 6,396 220,864 SH   SOLE   189,384 0 31,480
Mistras Group Inc COM 60649T107 2,799 196,179 SH   SOLE   168,579 0 27,600
NN Inc COM 629337106 4,449 480,992 SH   SOLE   418,962 0 62,030
NV5 Global Inc COM 62945V109 629 12,470 SH   SOLE   7,760 0 4,710
Natural Gas Services Group Inc COM 63886Q109 5,604 457,083 SH   SOLE   414,933 0 42,150
Netgear Inc COM 64111Q104 531 21,680 SH   SOLE   13,490 0 8,190
Newpark Resources Inc COM 651718504 635 101,320 SH   SOLE   63,040 0 38,280
Northeast Bancorp COM 66405S100 7,608 345,982 SH   SOLE   314,322 0 31,660
Northwest Pipe COM 667746101 9,061 272,029 SH   SOLE   247,189 0 24,840
OP Bancorp COM 67109R109 3,467 334,306 SH   SOLE   303,536 0 30,770
One Stop Systems COM 68247W109 1,333 659,871 SH   SOLE   599,091 0 60,780
Onto Innovation Inc COM 683344105 1,151 31,511 SH   SOLE   19,602 0 11,909
Orrstown Financial Services COM 687380105 2,910 128,628 SH   SOLE   116,858 0 11,770
PAM Transportation Services, I COM 693149106 5,450 94,443 SH   SOLE   85,743 0 8,700
PC Connection COM 69318J100 1,390 27,990 SH   SOLE   17,480 0 10,510
PRA Group COM 69354N106 938 25,830 SH   SOLE   16,070 0 9,760
Pacific Premier Bancorp Inc COM 69478X105 754 23,110 SH   SOLE   14,380 0 8,730
Parke Bancorp COM 700885106 6,227 245,235 SH   SOLE   222,785 0 22,450
Patrick Industries COM 703343103 1,255 23,940 SH   SOLE   14,890 0 9,050
Pennantpark Floating Rate Capi COM 70806A106 4,901 402,377 SH   SOLE   334,247 0 68,130
Photronics Inc COM 719405102 1,734 110,000 SH   SOLE   68,420 0 41,580
Plantronics COM 727493108 824 30,140 SH   SOLE   18,840 0 11,300
Premier Financial Bancorp COM 74050M105 5,250 289,405 SH   SOLE   262,883 0 26,522
ProFire Energy COM 74316X101 2,157 1,487,255 SH   SOLE   1,350,494 0 136,761
Resources Connection COM 76122Q105 887 54,290 SH   SOLE   33,780 0 20,510
Ribbon Communications Inc COM 762544104 573 184,870 SH   SOLE   115,610 0 69,260
Riverview Bancorp COM 769397100 5,533 673,877 SH   SOLE   611,987 0 61,890
SP Plus Corp COM 78469C103 1,329 31,330 SH   SOLE   19,490 0 11,840
Shoe Carnival Inc COM 824889109 2,976 79,840 SH   SOLE   68,260 0 11,580
Silvercrest Asset Mgmnt Grp Cl COM 828359109 4,847 385,273 SH   SOLE   349,723 0 35,550
Spartan Motors Inc COM 846819100 9,891 547,053 SH   SOLE   473,123 0 73,930
Standard Motor COM 853666105 1,209 22,720 SH   SOLE   14,140 0 8,580
Sterling Bancorp COM 85917W102 685 84,512 SH   SOLE   52,582 0 31,930
Sterling Construction Co Inc COM 859241101 4,922 349,595 SH   SOLE   296,075 0 53,520
Sykes Enterprises COM 871237103 1,329 35,920 SH   SOLE   22,350 0 13,570
Textainer Group Holdings COM G8766E109 1,326 123,810 SH   SOLE   77,020 0 46,790
Third Point Reinsurrance Ltd COM G8827U100 840 79,830 SH   SOLE   49,670 0 30,160
Tristate Capital Hlds COM 89678F100 527 20,180 SH   SOLE   12,550 0 7,630
Triumph Bancorp COM 89679E300 801 21,070 SH   SOLE   13,110 0 7,960
TrueBlue Inc COM 89785X101 840 34,900 SH   SOLE   21,710 0 13,190
Twin Disc Inc COM 901476101 7,210 654,220 SH   SOLE   579,230 0 74,990
Ultra Clean Holdings COM 90385V107 12,147 517,553 SH   SOLE   448,753 0 68,800
Unique Fabricating COM 90915J103 2,784 721,168 SH   SOLE   654,568 0 66,600
Universal Electronics Inc COM 913483103 6,497 124,329 SH   SOLE   106,289 0 18,040
Univeste Financial Corp COM 915271100 814 30,390 SH   SOLE   18,910 0 11,480
Veritex Holdings COM 923451108 903 30,985 SH   SOLE   19,280 0 11,705
Wabash National Corp COM 929566107 1,050 71,500 SH   SOLE   44,480 0 27,020
West Bancorporation COM 95123P106 6,619 258,251 SH   SOLE   222,811 0 35,440
ZAGG Inc COM 98884U108 10,459 1,289,648 SH   SOLE   1,126,988 0 162,660
Zovio COM 98979V102 1,734 841,618 SH   SOLE   722,848 0 118,770
iShares Russell 2000 Value Ind COM 464287630 890 6,923 SH   SOLE   6,923 0 0