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 229 4,725 SH   SOLE N/A 4,725 0 0
AERCAP HOLDINGS NV SHS N00985106 1,032 45,290 SH   OTR 1 45,290 0 0
ALTICE USA INC CL A 02156K103 825 37,000 SH   OTR 1 37,000 0 0
AMERCO COM 023586100 523 1,800 SH   OTR 1 1,800 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 922 115,928 SH   OTR 1 115,928 0 0
AMREP CORP NEW COM 032159105 2,484 517,455 SH   OTR 1 517,455 0 0
AMREP CORP NEW COM 032159105 77 16,098 SH   SOLE N/A 4,900 0 0
BBX CAP CORP NEW CL A 05491N104 1,160 502,267 SH   OTR 1 502,267 0 0
BBX CAP CORP NEW CL A 05491N104 45 19,579 SH   SOLE N/A 19,579 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 206 1,126 SH   OTR 1 1,126 0 0
BITAUTO HLDGS LTD SPONSORED ADS 091727107 520 50,000 SH   OTR 1 50,000 0 0
BLACKBERRY LTD COM 09228F103 289 70,000 SH   OTR 1 70,000 0 0
BMC STK HLDGS INC COM 05591B109 18,964 1,069,609 SH   OTR 1 1,069,609 0 0
BMC STK HLDGS INC COM 05591B109 1,843 103,956 SH   SOLE N/A 103,956 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 18,137 1,483,000 SH   OTR 1 1,483,000 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 1,474 120,519 SH   SOLE N/A 120,519 0 0
CANADIAN NAT RES LTD COM 136385101 2,502 184,660 SH   OTR 1 184,660 0 0
CANADIAN NAT RES LTD COM 136385101 380 28,059 SH   SOLE N/A 28,059 0 0
CARRIAGE SVCS INC COM 143905107 329 20,366 SH   OTR 1 20,366 0 0
CAVCO INDS INC DEL COM 149568107 5,278 36,418 SH   OTR 1 36,418 0 0
CAVCO INDS INC DEL COM 149568107 953 6,577 SH   SOLE N/A 6,577 0 0
CHEMOURS CO COM 163851108 1,216 137,050 SH   OTR 1 137,050 0 0
DANA INCORPORATED COM 235825205 4,405 564,055 SH   OTR 1 564,055 0 0
DANA INCORPORATED COM 235825205 32 4,125 SH   SOLE N/A 4,125 0 0
DIAMOND HILL INVESTMENT GROU COM NEW 25264R207 298 3,300 SH   OTR 1 3,300 0 0
DORIAN LPG LTD SHS USD Y2106R110 1,325 152,067 SH   OTR 1 152,067 0 0
DORIAN LPG LTD SHS USD Y2106R110 2 222 SH   SOLE N/A 222 0 0
ESSENT GROUP LTD COM G3198U102 263 10,000 SH   OTR 1 10,000 0 0
EXTERRAN CORP COM 30227H106 1,257 261,796 SH   OTR 1 261,796 0 0
EXTERRAN CORP COM 30227H106 11 2,250 SH   SOLE N/A 2,250 0 0
FIVE POINT HOLDINGS LLC COM CL A 33833Q106 409 80,750 SH   OTR 1 80,750 0 0
FIVE POINT HOLDINGS LLC COM CL A 33833Q106 10 2,000 SH   SOLE N/A 2,000 0 0
FRP HLDGS INC COM 30292L107 756 17,582 SH   OTR 1 17,582 0 0
GAIN CAP HLDGS INC COM 36268W100 140 25,000 SH   OTR 1 25,000 0 0
GRAFTECH INTL LTD COM 384313508 7,618 938,200 SH   OTR 1 938,200 0 0
GRAFTECH INTL LTD COM 384313508 9 1,050 SH   SOLE N/A 1,050 0 0
HALLADOR ENERGY COMPANY COM 40609P105 10 10,925 SH   SOLE N/A 10,925 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 20 12,250 SH   OTR 1 12,250 0 0
INSTEEL INDUSTRIES INC COM 45774W108 2,166 163,468 SH   OTR 1 163,468 0 0
JEFFERIES FINL GROUP INC COM 47233W109 5,880 430,159 SH   OTR 1 430,159 0 0
JEFFERIES FINL GROUP INC COM 47233W109 637 46,592 SH   SOLE N/A 46,592 0 0
LEGACY HOUSING CORP COM 52472M101 1,815 196,220 SH   OTR 1 196,220 0 0
LINCOLN ELEC HLDGS INC COM 533900106 5,739 83,173 SH   OTR 1 83,173 0 0
LINCOLN ELEC HLDGS INC COM 533900106 12 175 SH   SOLE N/A 175 0 0
LSB INDS INC COM 502160104 3,309 1,575,787 SH   OTR 1 1,575,787 0 0
LSB INDS INC COM 502160104 74 35,055 SH   SOLE N/A 35,055 0 0
MERCK & CO INC COM 58933Y105 231 3,000 SH   OTR 1 3,000 0 0
METHODE ELECTRS INC COM 591520200 4,650 175,926 SH   OTR 1 175,926 0 0
MORGAN STANLEY COM NEW 617446448 272 8,000 SH   OTR 1 8,000 0 0
NORBORD INC COM NEW 65548P403 6,146 519,081 SH   OTR 1 519,081 0 0
NORBORD INC COM NEW 65548P403 169 14,291 SH   SOLE N/A 14,291 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 2,370 642,158 SH   OTR 1 642,158 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 326 88,474 SH   SOLE N/A 88,474 0 0
PICO HLDGS INC COM NEW 693366205 796 102,366 SH   OTR 1 102,366 0 0
PICO HLDGS INC COM NEW 693366205 39 5,040 SH   SOLE N/A 5,040 0 0
PRICESMART INC COM 741511109 292 5,553 SH   OTR 1 5,553 0 0
RADNET INC COM 750491102 3,613 343,780 SH   OTR 1 343,780 0 0
RADNET INC COM 750491102 65 6,200 SH   SOLE N/A 6,200 0 0
SEA LTD ADR 81141R100 1,108 25,000 SH   OTR 1 25,000 0 0
SEACOR HOLDINGS INC COM 811904101 2,066 76,630 SH   OTR 1 76,630 0 0
SEACOR HOLDINGS INC COM 811904101 27 1,020 SH   SOLE N/A 1,020 0 0
SEACOR MARINE HLDGS INC COM 78413P101 872 199,143 SH   OTR 1 199,143 0 0
SEACOR MARINE HLDGS INC COM 78413P101 4 932 SH   SOLE N/A 932 0 0
SKYLINE CHAMPION CORPORATION COM 830830105 3,453 220,195 SH   OTR 1 220,195 0 0
SPARK NETWORKS SE SPONSORED ADR 846517100 37 14,514 SH   OTR 1 14,514 0 0
STEALTHGAS INC SHS Y81669106 1,132 574,557 SH   OTR 1 574,557 0 0
STEALTHGAS INC SHS Y81669106 18 9,200 SH   SOLE N/A 9,200 0 0
TECHNIPFMC PLC COM G87110105 631 93,626 SH   OTR 1 93,626 0 0
TECHNIPFMC PLC COM G87110105 16 2,312 SH   SOLE N/A 2,312 0 0
TIDEWATER INC NEW COM 88642R109 18,371 2,594,776 SH   OTR 1 2,594,776 0 0
TIDEWATER INC NEW COM 88642R109 162 22,874 SH   SOLE N/A 22,874 0 0
TIDEWATER INC NEW *W EXP 07/31/202 88642R117 235 258,343 SH   OTR 1 258,343 0 0
TIDEWATER INC NEW *W EXP 07/31/202 88642R117 1 1,135 SH   SOLE N/A 1,135 0 0
TIDEWATER INC NEW *W EXP 07/31/202 88642R125 204 340,673 SH   OTR 1 340,673 0 0
TIDEWATER INC NEW *W EXP 07/31/202 88642R125 1 1,227 SH   SOLE N/A 1,227 0 0
U M H PROPERTIES INC COM 903002103 4,541 418,162 SH   OTR 1 418,162 0 0
U M H PROPERTIES INC COM 903002103 127 11,700 SH   SOLE N/A 11,700 0 0
UBER TECHNOLOGIES INC COM 90353T100 2,792 100,000 SH   OTR 1 100,000 0 0
VALARIS PLC COM G4902V109 9 21,063 SH   SOLE N/A 21,063 0 0
VENATOR MATLS PLC SHS G9329Z100 105 60,990 SH   OTR 1 60,990 0 0
VOYA FINANCIAL INC COM 929089100 406 10,000 SH   OTR 1 10,000 0 0
WESTERN DIGITAL CORP. COM 958102105 6,226 149,581 SH   OTR 1 149,581 0 0
WESTERN DIGITAL CORP. COM 958102105 83 2,000 SH   SOLE N/A 2,000 0 0
WESTLAKE CHEM CORP COM 960413102 11,416 299,076 SH   OTR 1 299,076 0 0
WESTLAKE CHEM CORP COM 960413102 144 3,760 SH   SOLE N/A 3,760 0 0
WYNDHAM DESTINATIONS INC COM 98310W108 1,627 74,960 SH   OTR 1 74,960 0 0