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 271 4,725 SH   SOLE N/A 4,725 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 1,971 121,505 SH   OTR 1 121,505 0 0
ALTICE USA INC CL A 02156K103 889 31,000 SH   OTR 1 31,000 0 0
AMREP CORP NEW COM 032159105 3,348 592,927 SH   OTR 1 592,927 0 0
AMREP CORP NEW COM 032159105 68 11,918 SH   SOLE N/A 11,918 0 0
BLACKBERRY LTD COM 09228F103 236 45,000 SH   OTR 1 45,000 0 0
BBX CAPITAL CORP CL A 05491N104 2,439 522,357 SH   OTR 1 522,357 0 0
BBX CAPITAL CORP CL A 05491N104 91 19,579 SH   SOLE N/A 19,579 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 34,087 1,656,715 SH   OTR 1 1,656,715 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 2,452 119,169 SH   SOLE N/A 119,169 0 0
BMC STOCK HOLDINGS INC COM 05591B109 37,769 1,442,669 SH   OTR 1 1,442,669 0 0
BMC STOCK HOLDINGS INC COM 05591B109 3,138 119,851 SH   SOLE N/A 119,851 0 0
SEACOR SMIT INC COM 811904101 3,718 78,986 SH   OTR 1 78,986 0 0
SEACOR SMIT INC COM 811904101 48 1,020 SH   SOLE N/A 1,020 0 0
CANADIAN NAT RES LTD COM 136385101 5,085 190,945 SH   OTR 1 190,945 0 0
CANADIAN NAT RES LTD COM 136385101 751 28,209 SH   SOLE N/A 28,209 0 0
CARRIAGE SVCS INC COM 143905107 453 22,176 SH   OTR 1 22,176 0 0
CAVCO INDS INC DEL COM 149568107 8,974 46,717 SH   OTR 1 46,717 0 0
CAVCO INDS INC DEL COM 149568107 1,270 6,612 SH   SOLE N/A 6,612 0 0
DANA HOLDING CORP COM 235825205 60 4,125 SH   SOLE N/A 4,125 0 0
DANA HOLDING CORP COM 235825205 6,939 480,555 SH   OTR 1 480,555 0 0
DIAMOND HILL INVESTMENT GROUP COM 25264R207 622 4,500 SH   OTR 1 4,500 0 0
DAWSON GEOPHYSICAL CO COM NEW 239360100 185 86,624 SH   OTR 1 86,624 0 0
DAWSON GEOPHYSICAL CO COM NEW 239360100 15 7,194 SH   SOLE N/A 7,194 0 0
GRAFTECH INTERNATIONAL COM 384313508 8,262 645,430 SH   OTR 1 645,430 0 0
GRAFTECH INTERNATIONAL COM 384313508 3 200 SH   SOLE N/A 200 0 0
EXTERRAN CORPORATION COM 30227H106 30,584 341,831 SH   OTR 1 341,831 0 0
EXTERRAN CORPORATION COM 30227H106 29 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 699 14,559 SH   OTR 1 14,559 0 0
TECHNIPFMC PLC COM G87110105 56 2,312 SH   SOLE N/A 2,312 0 0
TECHNIPFMC PLC COM G87110105 2,370 98,183 SH   OTR 1 98,183 0 0
STEALTHGAS INC SHS Y81669106 28 9,200 SH   SOLE N/A 9,200 0 0
STEALTHGAS INC SHS Y81669106 1,828 603,228 SH   OTR 1 603,228 0 0
GAIN CAPITAL HOLDINGS COM 36268W100 1,771 335,415 SH   OTR 1 335,415 0 0
GRUBHUB COM 400110102 3,935 70,000 SH   OTR 1 70,000 0 0
HUDSON TECHNOLOGIES INC COM 444144109 10 13,950 SH   OTR 1 13,950 0 0
HELIX ENERGY SOLUTIONS COM 42330P107 99 12,250 SH   OTR 1 12,250 0 0
HALLADOR ENERGY COMPANY COM 40609P105 43 11,995 SH   OTR 1 11,995 0 0
HALLADOR ENERGY COMPANY COM 40609P105 40 10,925 SH   SOLE N/A 10,925 0 0
HELMERICH & PAYNE INC COM 423452101 2,445 61,026 SH   OTR 1 61,026 0 0
HELMERICH & PAYNE INC COM 423452101 34 854 SH   SOLE N/A 854 0 0
INSTEEL INDUSTRIES INC COM 45774W108 4,494 218,923 SH   OTR 1 218,923 0 0
JEFFERIES FINL GROUP INC COM 47233W109 10,161 552,216 SH   OTR 1 552,216 0 0
JEFFERIES FINL GROUP INC COM 47233W109 899 48,842 SH   SOLE N/A 48,842 0 0
LINCOLN ELEC HLDGS INC COM 533900106 7,455 85,931 SH   OTR 1 85,931 0 0
LINCOLN ELEC HLDGS INC COM 533900106 15 175 SH   SOLE N/A 175 0 0
SPARK NETWORKS SE SPONSORED ADR 846517100 80 14,514 SH   OTR 1 14,514 0 0
DORIAN LPG LTD SHS USD Y2106R110 3,284 317,012 SH   OTR 1 317,012 0 0
DORIAN LPG LTD COM Y2106R110 2 222 SH   SOLE N/A 222 0 0
LIQUIDITY SERVICES INC COM 53635B107 78 10,525 SH   SOLE N/A 10,525 0 0
LSB INDS INC COM 502160104 10,341 1,996,370 SH   OTR 1 1,996,370 0 0
LSB INDS INC COM 502160104 182 35,055 SH   SOLE N/A 35,055 0 0
METHODE ELECTRONICS INC COM 591520200 16,481 184,210 SH   OTR 1 184,210 0 0
MERCK & CO INC NEW COM 58933Y105 253 3,000 SH   OTR 1 3,000 0 0
OMNOVA SOLUTIONS INC COM 682129101 92 9,185 SH   OTR 1 9,185 0 0
OMNOVA SOLUTIONS INC COM 682129101 46 4,550 SH   SOLE N/A 4,550 0 0
NORBORD INC COM NEW 65548P403 11,806 492,946 SH   OTR 1 492,946 0 0
NORBORD INC COM NEW 65548P403 302 12,606 SH   SOLE N/A 12,606 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 9,000 643,767 SH   OTR 1 643,767 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 1,221 87,344 SH   SOLE N/A 87,344 0 0
PICO HLDGS INC COM NEW 693366205 1,100 108,985 SH   OTR 1 108,985 0 0
PICO HLDGS INC COM NEW 693366205 51 5,040 SH   SOLE N/A 5,040 0 0
PRICESMART INC COM 741511109 395 5,553 SH   OTR 1 5,553 0 0
RADNET INC COM 750491102 89 6,200 SH   SOLE N/A 6,200 0 0
RADNET INC COM 750491102 8,477 590,318 SH   OTR 1 590,318 0 0
GIBRALTAR INDS INC COM 374689107 998 21,733 SH   OTR 1 21,733 0 0
SKYLINE CORP COM 830830105 6,703 222,770 SH   OTR 1 222,770 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 2,580 205,284 SH   OTR 1 205,284 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 12 932 SH   SOLE N/A 932 0 0
TIDEWATER INC COM 88642R109 19,310 1,277,953 SH   OTR 1 1,277,953 0 0
TIDEWATER INC COM 88642R109 101 6,699 SH   SOLE N/A 6,699 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117 383 264,068 SH   OTR 1 264,068 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117 2 1,135 SH   SOLE N/A 1,135 0 0
TIDEWATER INC *W EXP 07/31/202 88642R125 419 349,333 SH   OTR 1 349,333 0 0
TIDEWATER INC *W EXP 07/31/202 88642R125 1 1,227 SH   SOLE N/A 1,227 0 0
TIMKEN CO COM 887389104 684 15,725 SH   OTR 1 15,725 0 0
AMERCO COM 023586100 858 2,200 SH   OTR 1 2,200 0 0
U M H PROPERTIES INC COM 903002103 6,389 453,750 SH   OTR 1 453,750 0 0
U M H PROPERTIES INC COM 903002103 165 11,700 SH   SOLE N/A 11,700 0 0
VALARIS PLC COM G4902V109 158 32,918 SH   SOLE N/A 32,918 0 0
VALARIS PLC COM G9402V109 2,873 597,302 SH   OTR 1 597,302 0 0
VENATOR MATLS PLC SHS G9329Z100 1,797 736,375 SH   OTR 1 736,375 0 0
WABCO HOLDGS INCORPORATED COM 92927K102 535 4,000 SH   OTR 1 4,000 0 0
WESTERN DIGITAL CORP COM 958102105 11,187 187,573 SH   OTR 1 187,573 0 0
WESTERN DIGITAL CORP COM 958102105 119 2,000 SH   SOLE N/A 2,000 0 0
WESTLAKE CHEM CORP COM 960413102 18,722 285,748 SH   OTR 1 285,748 0 0
WESTLAKE CHEM CORP COM 960413102 207 3,160 SH   SOLE 1 3,160 0 0