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 320 4,725 SH   SOLE N/A 4,725 0 0
AERCAP HOLDINGS NV SHS N00985106 1,457 47,310 SH   OTR 1 47,310 0 0
ALLISON TRANSMISSION HLDGS INC COM 01973R101 2,287 62,170 SH   OTR 1 62,170 0 0
ALTICE USA INC CL A 02156K103 564 25,000 SH   OTR 1 25,000 0 0
AMERCO COM 023586100 604 2,000 SH   OTR 1 2,000 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 1,205 110,528 SH   OTR 1 110,528 0 0
AMREP CORP NEW COM 032159105 2,305 511,041 SH   OTR 1 511,041 0 0
AMREP CORP NEW COM 032159105 72 15,919 SH   SOLE N/A 15,919 0 0
BBX CAPITAL CORP CL A 05491N104 1,257 494,886 SH   OTR 1 494,886 0 0
BBX CAPITAL CORP CL A 05491N104 47 18,322 SH   SOLE N/A 18,322 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 557 3,123 SH   OTR 1 3,123 0 0
BLACKBERRY LTD COM 09228F103 391 80,000 SH   OTR 1 80,000 0 0
BMC STOCK HOLDINGS INC COM 05591B109 26,890 1,069,609 SH   OTR 1 1,069,609 0 0
BMC STOCK HOLDINGS INC COM 05591B109 1,823 72,506 SH   SOLE N/A 72,506 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 29,971 1,447,863 SH   OTR 1 1,447,863 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 2,478 119,719 SH   SOLE N/A 119,719 0 0
CANADIAN NAT RES LTD COM 136385101 3,165 181,600 SH   OTR 1 181,600 0 0
CANADIAN NAT RES LTD COM 136385101 486 27,859 SH   SOLE N/A 27,859 0 0
CANADIAN SOLAR INC COM 136635109 380 19,710 SH   OTR 1 19,710 0 0
CARRIAGE SVCS INC COM 143905107 364 20,066 SH   OTR 1 20,066 0 0
CAVCO INDS INC DEL COM 149568107 6,855 35,547 SH   OTR 1 35,547 0 0
CAVCO INDS INC DEL COM 149568107 1,268 6,577 SH   SOLE N/A 6,577 0 0
CHEMOURS CO COM 163851108 2,015 131,250 SH   OTR 1 131,250 0 0
DANA HOLDING CORP COM 235825205 6,614 542,615 SH   OTR 1 542,615 0 0
DANA HOLDING CORP COM 235825205 50 4,125 SH   SOLE N/A 4,125 0 0
DORIAN LPG LTD SHS USD Y2106R110 1,177 152,067 SH   OTR 1 152,067 0 0
DORIAN LPG LTD COM Y2106R110 2 211 SH   SOLE N/A 211 0 0
EXTERRAN CORPORATION COM 30227H106 912 169,157 SH   OTR 1 169,157 0 0
EXTERRAN CORPORATION COM 30227H106 12 2,250 SH   SOLE N/A 2,250 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106 334 72,500 SH   OTR 1 72,500 0 0
FIVE POINT HOLDINGS LLC COM 33833Q106 9 2,000 SH   SOLE N/A 2,000 0 0
FRP HLDGS INCORPORATED COM 30292L107 795 19,582 SH   OTR 1 19,582 0 0
GAIN CAPITAL HOLDINGS COM 36268W100 151 25,000 SH   OTR 1 25,000 0 0
GAN LIMITED ORD SHS G3728V109 22,269 875,000 SH   OTR 1 875,000 0 0
GRAFTECH INTERNATIONAL COM 384313508 7,196 901,805 SH   OTR 1 901,805 0 0
GRAFTECH INTERNATIONAL COM 384313508 8 1,050 SH   SOLE N/A 1,050 0 0
HALLADOR ENERGY COMPANY COM 40609P105 7 10,145 SH   SOLE N/A 10,145 0 0
HELIX ENERGY SOLUTIONS COM 42330P107 43 12,250 SH   OTR 1 12,250 0 0
INSTEEL INDUSTRIES INC COM 45774W108 3,060 160,468 SH   OTR 1 160,468 0 0
JEFFERIES FINL GROUP INC COM 47233W109 6,623 425,934 SH   OTR 1 425,934 0 0
JEFFERIES FINL GROUP INC COM 47233W109 720 46,285 SH   SOLE N/A 46,285 0 0
L3HARRIS TECHNOLOGIES INC COM 502431109 255 1,500 SH   OTR 1 1,500 0 0
LEGACY HOUSING CORP COM 52472M101 2,705 190,260 SH   OTR 1 190,260 0 0
LINCOLN ELEC HLDGS INC COM 533900106 5,774 68,537 SH   OTR 1 68,537 0 0
LINCOLN ELEC HLDGS INC COM 533900106 15 175 SH   SOLE N/A 175 0 0
LSB INDS INC COM 502160104 1,794 1,546,837 SH   OTR 1 1,546,837 0 0
LSB INDS INC COM 502160104 40 34,380 SH   SOLE N/A 34,380 0 0
MERCK & CO INC NEW COM 58933Y105 232 3,000 SH   OTR 1 3,000 0 0
METHODE ELECTRONICS INC COM 591520200 3,592 114,901 SH   OTR 1 114,901 0 0
MORGAN STANLEY COM NEW 617446448 386 8,000 SH   OTR 1 8,000 0 0
NEW HOME CO COM 645370107 336 100,000 SH   OTR 1 100,000 0 0
NORBORD INC COM NEW 65548P403 12,486 547,389 SH   OTR 1 547,389 0 0
NORBORD INC COM NEW 65548P403 320 14,027 SH   SOLE N/A 14,027 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 1,679 626,358 SH   OTR 1 626,358 0 0
PANHANDLE OIL AND GAS INC CL A 698477106 294 109,838 SH   SOLE N/A 109,838 0 0
PICO HLDGS INC COM NEW 693366205 848 100,566 SH   OTR 1 100,566 0 0
PICO HLDGS INC COM NEW 693366205 42 5,040 SH   SOLE N/A 5,040 0 0
PNC FINL SVCS GROUP INC COM 693475105 210 2,000 SH   OTR 1 2,000 0 0
PRICESMART INC COM 741511109 335 5,553 SH   OTR 1 5,553 0 0
RADNET INC COM 750491102 5,209 328,250 SH   OTR 1 328,250 0 0
RADNET INC COM 750491102 96 6,050 SH   SOLE N/A 6,050 0 0
SEA LTD SPONSORED ADS 81141R100 2,681 25,000 SH   OTR 1 25,000 0 0
SEACOR HOLDINGS INC COM 811904101 2,350 82,995 SH   OTR 1 82,995 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 813 318,643 SH   OTR 1 318,643 0 0
SEACOR MARINE HOLDINGS INC COM 78413P101 2 882 SH   SOLE N/A 882 0 0
SEACOR SMIT INC COM 811904101 27 970 SH   SOLE N/A 970 0 0
SKYLINE CORP COM 830830105 5,330 218,995 SH   OTR 1 218,995 0 0
SPARK NETWORKS SE SPONSORED ADR 846517100 48 14,514 SH   OTR 1 14,514 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 3,615 14,000 SH   OTR 1 14,000 0 0
TECHNIPFMC PLC COM G87110105 676 98,776 SH   OTR 1 98,776 0 0
TECHNIPFMC PLC COM G87110105 14 2,112 SH   SOLE N/A 2,112 0 0
TIDEWATER INC COM 88642R109 13,980 2,500,954 SH   OTR 1 2,500,954 0 0
TIDEWATER INC COM 88642R109 128 22,874 SH   SOLE N/A 22,874 0 0
TIDEWATER INC *W EXP 07/31/202 88642R117 137 249,942 SH   OTR 1 249,942 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 128 328,598 SH   OTR 1 328,598 0 0
TIDEWATER INC *W EXP 07/31/202 88642R125 0 1,227 SH   SOLE N/A 1,227 0 0
U M H PROPERTIES INC COM 903002103 4,906 379,422 SH   OTR 1 379,422 0 0
U M H PROPERTIES INC COM 903002103 142 10,950 SH   SOLE N/A 10,950 0 0
UBER TECHNOLOGIES INC COM 90353T100 1,554 50,000 SH   OTR 1 50,000 0 0
VALARIS PLC COM G4902V109 9 13,660 SH   SOLE N/A 13,660 0 0
VENATOR MATLS PLC SHS G9329Z100 98 55,000 SH   OTR 1 55,000 0 0
VOYA FINANCIAL INC COM 929089100 467 10,000 SH   OTR 1 10,000 0 0
WESTERN DIGITAL CORP COM 958102105 4,870 110,295 SH   OTR 1 110,295 0 0
WESTERN DIGITAL CORP COM 958102105 88 2,000 SH   SOLE N/A 2,000 0 0
WESTLAKE CHEM CORP COM 960413102 14,614 272,393 SH   OTR 1 272,393 0 0
WESTLAKE CHEM CORP COM 960413102 198 3,685 SH   SOLE N/A 3,685 0 0
WYNDHAM DESTINATIONS INC COM 98310W108 2,022 71,760 SH   OTR 1 71,760 0 0