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 336 4,725 SH   SOLE N/A 4,725 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 1,748 118,878 SH   OTR 1 118,878 0 0
ALTICE USA INC CL A 02156K103 902 33,000 SH   OTR 1 33,000 0 0
AMREP CORP NEW COM 032159105 3,138 524,706 SH   OTR 1 524,706 0 0
AMREP CORP NEW COM 032159105 96 16,098 SH   SOLE N/A 16,098 0 0
BLACKBERRY LTD COM 09228F103 353 55,000 SH   OTR 1 55,000 0 0
BBX CAPITAL CORP CL A 05491N104 2,468 517,505 SH   OTR 1 517,505 0 0
BBX CAPITAL CORP CL A 05491N104 93 19,579 SH   SOLE N/A 19,579 0 0
BITAUTO HLDGS LTD SPONSORED ADS 091272107 742 50,000 SH   OTR 1 50,000 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 38,019 1,496,224 SH   OTR 1 1,496,224 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 3,028 119,169 SH   SOLE N/A 119,169 0 0
BMC STOCK HOLDINGS INC COM 05591B109 35,589 1,240,474 SH   OTR 1 1,240,474 0 0
BMC STOCK HOLDINGS INC COM 05591B109 3,192 111,241 SH   SOLE N/A 111,241 0 0
CHEMOURS COMPANY COM 163851108 2,528 139,750 SH   OTR 1 139,750 0 0
SEACOR SMIT INC COM 811904101 3,347 77,560 SH   OTR 1 77,560 0 0
SEACOR SMIT INC COM 811904101 44 1,020 SH   SOLE N/A 1,020 0 0
CANADIAN NAT RES LTD COM 136385101 6,056 187,205 SH   OTR 1 187,205 0 0
CANADIAN NAT RES LTD COM 136385101 908 28,059 SH   SOLE N/A 28,059 0 0
CARRIAGE SVCS INC COM 143905107 573 22,386 SH   OTR 1 22,386 0 0
CAVCO INDS INC DEL COM 149568107 9,034 46,240 SH   OTR 1 46,240 0 0
CAVCO INDS INC DEL COM 149568107 1,292 6,612 SH   SOLE N/A 6,612 0 0
DANA HOLDING CORP COM 235825205 8,705 478,275 SH   OTR 1 478,275 0 0
DANA HOLDING CORP COM 235825205 75 4,125 SH   SOLE N/A 4,125 0 0
DIAMOND HILL INVESTMENT GROUP COM 25264R207 548 3,900 SH   OTR 1 3,900 0 0
GRAFTECH INTERNATIONAL COM 384313508 7,491 644,670 SH   OTR 1 644,670 0 0
EXTERRAN CORPORATION COM 30227H106 2,054 262,266 SH   OTR 1 262,266 0 0
EXTERRAN CORPORATION COM 30227H106 18 2,250 SH   SOLE N/A 2,250 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106 318 45,750 SH   OTR 1 45,750 0 0
FRP HLDGS INCORPORATED COM 30292L107 677 13,582 SH   OTR 1 13,582 0 0
TECHNIPFMC PLC COM G87110105 2,040 95,161 SH   OTR 1 95,161 0 0
TECHNIPFMC PLC COM G87110105 50 2,312 SH   SOLE N/A 2,312 0 0
STEALTHGAS INC SHS Y81669106 2,003 584,107 SH   OTR 1 584,107 0 0
STEALTHGAS INC SHS Y81669106 32 9,200 SH   SOLE N/A 9,200 0 0
GAIN CAPITAL HOLDINGS COM 36268W100 679 171,900 SH   OTR 1 171,900 0 0
GRUBHUB COM 400110102 2,432 50,000 SH   OTR 1 50,000 0 0
HUDSON TECHNOLOGIES INC COM 444144109 14 13,950 SH   OTR 1 13,950 0 0
HELIX ENERGY SOLUTIONS COM 42330P107 118 12,250 SH   OTR 1 12,250 0 0
HALLADOR ENERGY COMPANY COM 40609P105 4 1,409 SH   OTR 1 1,409 0 0
HALLADOR ENERGY COMPANY COM 40609P105 32 10,925 SH   SOLE N/A 10,925 0 0
HILTON GRAND VACATIONS INC. COM 43283X105 1,397 40,610 SH   OTR 1 40,610 0 0
INSTEEL INDUSTRIES INC COM 45774W108 3,958 184,183 SH   OTR 1 184,183 0 0
JEFFERIES FINL GROUP INC COM 47233W109 11,591 542,383 SH   OTR 1 542,383 0 0
JEFFERIES FINL GROUP INC COM 47233W109 1,040 48,682 SH   SOLE N/A 48,682 0 0
LINCOLN ELEC HLDGS INC COM 533900106 8,209 84,863 SH   OTR 1 84,863 0 0
LINCOLN ELEC HLDGS INC COM 533900106 17 175 SH   SOLE N/A 175 0 0
SPARK NETWORKS SE SPONSORED ADR 846517100 66 14,514 SH   OTR 1 14,514 0 0
DORIAN LPG LTD SHS USD Y2106R110 4,901 316,628 SH   OTR 1 316,628 0 0
DORIAN LPG LTD COM Y2106R110 3 222 SH   SOLE N/A 222 0 0
LSB INDS INC COM 502160104 6,888 1,640,090 SH   OTR 1 1,640,090 0 0
LSB INDS INC COM 502160104 147 35,055 SH   SOLE N/A 35,055 0 0
LEGACY HOUSING CORP COM 52472M101 982 59,000 SH   OTR 1 59,000 0 0
METHODE ELECTRONICS INC COM 591520200 7,094 180,291 SH   OTR 1 180,291 0 0
MERCK & CO INC NEW COM 58933Y105 273 3,000 SH   OTR 1 3,000 0 0
NORBORD INC COM NEW 65548P403 13,510 505,411 SH   OTR 1 505,411 0 0
NORBORD INC COM NEW 65548P403 382 14,291 SH   SOLE N/A 14,291 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 7,199 642,158 SH   OTR 1 642,158 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 985 87,909 SH   SOLE N/A 87,909 0 0
PICO HLDGS INC COM NEW 693366205 1,170 105,216 SH   OTR 1 105,216 0 0
PICO HLDGS INC COM NEW 693366205 56 5,040 SH   SOLE N/A 5,040 0 0
PRICESMART INC COM 741511109 394 5,553 SH   OTR 1 5,553 0 0
RADNET INC COM 750491102 11,603 571,575 SH   OTR 1 571,575 0 0
RADNET INC COM 750491102 126 6,200 SH   SOLE N/A 6,200 0 0
RETAIL VALUE INC COM 76133Q102 388 10,547 SH   OTR 1 10,547 0 0
SKYLINE CORP COM 830830105 7,047 222,300 SH   OTR 1 222,300 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 2,781 201,654 SH   OTR 1 201,654 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 13 932 SH   SOLE N/A 932 0 0
SPECTRUM BRANDS HLDGS INC NEW COM 84790A105 845 13,138 SH   OTR 1 13,138 0 0
TIDEWATER INC COM 88642R109 38,744 2,009,561 SH   OTR 1 2,009,561 0 0
TIDEWATER INC COM 88642R109 258 13,374 SH   SOLE N/A 13,374 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117 425 260,530 SH   OTR 1 260,530 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117 1 1,135 SH   SOLE N/A 1,135 0 0
TIDEWATER INC *W EXP 07/31/202 88642R125 560 343,588 SH   OTR 1 343,588 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 314 5,582 SH   OTR 1 5,582 0 0
AMERCO COM 023586100 376 1,000 SH   OTR 1 1,000 0 0
U M H PROPERTIES INC COM 903002103 7,042 447,689 SH   OTR 1 447,689 0 0
U M H PROPERTIES INC COM 903002103 184 11,700 SH   SOLE N/A 11,700 0 0
VALARIS PLC COM G9402V109 823 125,497 SH   OTR 1 125,497 0 0
VALARIS PLC COM G4902V109 138 21,063 SH   SOLE N/A 21,063 0 0
VENATOR MATLS PLC SHS G9329Z100 234 60,990 SH   OTR 1 60,990 0 0
WABCO HOLDGS INCORPORATED COM 92927K102 542 4,000 SH   OTR 1 4,000 0 0
WESTERN DIGITAL CORP COM 958102105 9,692 152,696 SH   OTR 1 152,696 0 0
WESTERN DIGITAL CORP COM 958102105 127 2,000 SH   SOLE N/A 2,000 0 0
WESTLAKE CHEM CORP COM 960413102 19,988 284,937 SH   OTR 1 284,937 0 0
WESTLAKE CHEM CORP COM 960413102 222 3,160 SH   SOLE N/A 3,160 0 0