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
THE AARONS COMPANY INC COM 00258W108 7,704 300,000 SH   DFND   300,000 0 0
ADVANCE AUTO PARTS INC COM 00751Y106 12,582 68,573 SH   DFND   68,573 0 0
ACACIA RESH CORP ACACIA TCH COM 003881307 998 150,000 SH   DFND   150,000 0 0
A H BELO CORP COM CL A 001282102 2,881 1,378,485 SH   DFND   1,163,485 0 215,000
ALBIREO PHARMA INC COM 01345P106 2,468 70,000 SH   DFND   70,000 0 0
ANGIODYNAMICS INC COM 03475V101 7,871 336,349 SH   DFND   336,349 0 0
SMITH A O CORP COM 831865209 4,756 70,343 SH   DFND   70,343 0 0
ARTISAN PARTNERS ASSET MGMT CL A 04316A108 8,031 153,946 SH   DFND   153,946 0 0
ACCURAY INC COM 004397105 16,867 3,407,500 SH   DFND   3,247,000 0 160,500
ASSOCIATED BANC CORP COM 045487105 18,999 890,320 SH   DFND   863,320 0 27,000
ASTEC INDS INC COM 046224101 7,749 102,751 SH   DFND   102,751 0 0
ATN INTL INC COM 00215F107 11,332 230,700 SH   DFND   230,700 0 0
AMERICAN VANGUARD CORP COM 030371108 14,306 700,945 SH   DFND   700,945 0 0
AVANOS MED INC COM 05350V106 9,873 225,724 SH   DFND   225,724 0 0
BED BATH & BEYOND INC COM 075896100 3,510 120,400 SH   DFND   113,300 0 7,100
BARRETT BUSINESS SVCS INC COM 068463108 10,329 150,000 SH   DFND   150,000 0 0
POPULAR INC COM NEW 733174700 1,626 23,127 SH   DFND   23,127 0 0
BRADY CORP CL A 104674106 12,076 225,938 SH   DFND   225,938 0 0
BERKSHIRE HATHAWY INC DEL CL B NEW 084670702 4,510 17,654 SH   DFND   17,654 0 0
BERRY CORP COM 08579X101 8,843 1,604,900 SH   DFND   1,485,700 0 119,200
CONAGRA BRANDS INC COM 205887102 2,045 54,380 SH   DFND   54,380 0 0
CALERES INC COM 129500104 6,540 300,000 SH   DFND   300,000 0 0
CAL MAINE FOODS INC COM NEW 128030202 10,156 264,331 SH   DFND   264,331 0 0
CASS INFORMATION SYS INC ICOM 14808P109 2,299 49,685 SH   DFND   49,685 0 0
CBOE GLOBAL MKTS INC COM 12503M108 2,110 21,381 SH   DFND   21,381 0 0
CAPITAL CITY BK GROUP INC COM 139674105 14,369 552,225 SH   DFND   534,275 0 17,950
COGENT COMMUNICATION HLDGS COM NEW 19239V302 8,573 124,686 SH   DFND   124,686 0 0
CROSS CTRY HEALTHCARE INC COM 227483104 12,062 965,723 SH   DFND   965,723 0 0
CENTURY CMNTYS INC COM 156504300 26,037 431,650 SH   DFND   420,750 0 10,900
CECO ENVIRONMENTAL CORP COM 125141101 4,362 550,000 SH   DFND   550,000 0 0
CHAMPIONX CORPORATION COM 15872M104 15,610 718,371 SH   DFND   718,371 0 0
CLOUDERA INC COM 18914U100 10,991 903,150 SH   DFND   867,850 0 35,300
COMCAST CORP NEW CL A 20030N101 2,913 53,828 SH   DFND   53,828 0 0
CENTURY BANCORP INC MASS CL A NON VTG 156432106 6,494 69,600 SH   DFND   69,600 0 0
CANADIAN NATL RY CO COM 136375102 2,552 22,008 SH   DFND   22,008 0 0
CAPITAL ONE FINL CORP COM 14040H105 1,664 13,076 SH   DFND   13,076 0 0
CYRUSONE INC COM 23283R100 11,164 164,860 SH   DFND   159,760 0 5,100
COWEN INC CL A New 223622606 21,023 598,090 SH   DFND   583,390 0 14,700
CARTERS INC COM 146229109 4,891 55,000 SH   DFND   55,000 0 0
CISCO SYS INC COM 17275R102 3,113 60,198 SH   DFND   60,198 0 0
CARRIAGE SVCS INC COM 143905107 3,519 100,000 SH   DFND   100,000 0 0
COMMUNITY TR BANCORP INC COM 204149108 1,906 43,289 SH   DFND   43,289 0 0
CARETRUST REIT INC COM 14174T107 6,986 300,000 SH   DFND   300,000 0 0
COVENANT LOGISTICS GROUP INC CL A 22284P105 6,692 325,000 SH   DFND   325,000 0 0
CPI AEROSTRUCTURES INC COM NEW 125919308 2,270 500,000 SH   DFND   500,000 0 0
DENBURY INC COM 24790A101 4,789 100,000 SH   DFND   100,000 0 0
DISCOVER FINL SVCS COM 254709108 2,423 25,506 SH   DFND   25,506 0 0
DIGI INTL INC COM 253798102 1,424 75,000 SH   DFND   75,000 0 0
QUEST DIAGNOSTICS INC COM 74834L100 15,988 124,577 SH   DFND   124,577 0 0
WISDOMTREE TR INTL SMCAP DIV 97717W760 3,541 49,022 SH   DFND   49,022 0 0
DRIL-QUIP INC COM 262037104 5,112 153,823 SH   DFND   153,823 0 0
DSP GROUP INC COM 23332B106 7,025 492,957 SH   DFND   492,957 0 0
DXC TECHNOLOGY CO COM 23355L106 6,252 200,000 SH   DFND   200,000 0 0
DZS INC COM 268211109 3,110 200,000 SH   DFND   200,000 0 0
US ECOLOGY INC COM 91734M103 6,246 150,000 SH   DFND   150,000 0 0
ENCOMPASS HEALTH CORP COM 29261A100 12,110 147,862 SH   DFND   147,862 0 0
EASTMAN CHEM CO COM 277432100 4,208 38,217 SH   DFND   38,217 0 0
ENERSYS COM 29275Y102 2,270 25,000 SH   DFND   25,000 0 0
ENERPAC TOOL GROUP CORP CL A COM 292765104 10,850 415,381 SH   DFND   415,381 0 0
EQUITY COMWLTH COM SH BEN INT 294628102 1,892 68,046 SH   DFND   68,046 0 0
EMBRAER S.A. SPONSORED ADS 29082A107 5,005 500,000 SH   DFND   500,000 0 0
EVOFEM BIOSCIENCES INC COM 30048L104 4,647 2,655,400 SH   DFND   2,395,100 0 260,300
EVERTEC INC COM 30040P103 7,883 211,800 SH   DFND   199,600 0 12,200
EXELON CORP COM 30161N101 9,450 216,050 SH   DFND   216,050 0 0
EZCORP INC CL A NON VTG 302301106 3,479 700,000 SH   DFND   700,000 0 0
FIRSTCASH INC COM 33767D105 20,658 314,568 SH   DFND   314,568 0 0
FREEPORT-MCMORAN INC CL B 35671D857 1,070 32,487 SH   DFND   32,487 0 0
FIRSTENERGY CORP COM 337932107 5,813 167,581 SH   DFND   167,581 0 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 2,302 50,000 SH   DFND   50,000 0 0
FRANKLIN WIRELESS CORP COM 355184102 3,559 163,997 SH   DFND   163,997 0 0
FLOWSERVE CORP COM 34354P105 5,211 134,269 SH   DFND   134,269 0 0
FORESTAR GROUP INC COM 346232101 2,328 100,000 SH   DFND   100,000 0 0
GENPACT LIMITED SHS G3922B107 8,057 188,160 SH   DFND   188,160 0 0
GATX CORP COM 361448103 3,710 40,000 SH   DFND   40,000 0 0
GLACIER BANCORP INC NEW COM 37637Q105 8,787 153,940 SH   DFND   153,940 0 0
GEOSPACE TECHNOLOGIES CORP COM 37364X109 2,736 300,000 SH   DFND   300,000 0 0
GRIFFON CORP COM 398433102 4,900 180,354 SH   DFND   180,354 0 0
GREAT LAKES DREDGE & DOCK CO COM 390607109 1,458 100,000 SH   DFND   100,000 0 0
ACUSHNET HOLDINGS CORP COM 005098108 7,431 179,789 SH   DFND   179,789 0 0
ALPHABET INC CAP STK CL A 02079K305 3,473 1,684 SH   DFND   1,684 0 0
GORMAN RUPP CO COM 383082104 9,883 298,500 SH   DFND   281,900 0 16,600
U S GLOBAL INVS INC CL A 902952100 3,490 500,000 SH   DFND   500,000 0 0
TRIPLE-S MGMT CORP CL B 896749108 7,809 300,000 SH   DFND   300,000 0 0
GRANITE CONSTR INC COM 387328107 6,392 158,802 SH   DFND   158,802 0 0
HARVARD BIOSCIENCE INC COM 416906105 5,187 950,000 SH   DFND   950,000 0 0
HOLLY FRONTIER CORP COM 436106108 2,474 69,153 SH   DFND   69,153 0 0
HERITAGE FINL CORP WASH COM 42722X106 8,472 300,000 SH   DFND   300,000 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 8,261 123,686 SH   DFND   123,686 0 0
HUNTINGTON INGALLS INDS INC COM 446413106 3,985 19,357 SH   DFND   19,357 0 0
HIGHWOODS PPTYS INC COM 431284108 7,940 184,900 SH   DFND   173,250 0 11,650
HILTON WORLDWIDE HLDGS INC COM 43300A203 6,504 53,786 SH   DFND   53,786 0 0
HANGER INC COM NEW 41043F208 5,142 225,342 SH   DFND   225,342 0 0
HOOKER FURNITURE CORP COM 439038100 3,646 100,000 SH   DFND   100,000 0 0
HARLEY DAVIDSON INC COM 412822108 8,213 204,824 SH   DFND   204,824 0 0
HUDSON GLOBAL INC COM NEW 443787205 6,416 386,485 SH   DFND   372,045 0 14,440
HEALTH STREAM INC COM 42222N103 1,230 55,058 SH   DFND   55,058 0 0
HEARTLAND EXPRESS INC COM 422347104 6,538 333,917 SH   DFND   333,917 0 0
HOWMET AEROSPACE INC COM 443201108 1,471 45,793 SH   DFND   45,793 0 0
HYSTER YALE MATLS HANDLING CL A 449172105 6,706 76,975 SH   DFND   76,975 0 0
INTELLICHECK INC COM NEW 45817G201 3,771 450,000 SH   DFND   450,000 0 0
IMMERSION CORP COM 452521107 2,395 250,000 SH   DFND   250,000 0 0
FIRST INTERNET BANCORP COM 320557101 12,728 361,271 SH   DFND   340,671 0 20,600
INDEPENDENT BANK CORP MASS COM 453836108 8,639 102,613 SH   DFND   102,613 0 0
JOHNSON & JOHNSON COM 478160104 3,225 19,621 SH   DFND   19,621 0 0
KENNAMETAL INC COM 489170100 21,723 543,471 SH   DFND   543,471 0 0
KNOWLES CORP COM 49926D109 9,656 461,570 SH   DFND   461,570 0 0
LAMAR ADVERTISING CO NEW CL A 512816109 11,088 118,060 SH   DFND   118,060 0 0
LINCOLN ELEC HLDGS INC COM 533900106 7,124 57,947 SH   DFND   57,947 0 0
LINDE PLC SHS G5494J103 2,724 9,725 SH   DFND   9,725 0 0
LINCOLN EDL SVCS CORP COM 533535100 17,468 2,725,172 SH   DFND   2,575,972 0 149,200
LANDEC CORP COM 514766104 13,061 1,232,190 SH   DFND   1,171,800 0 60,390
GRAND CANYON ED INC COM 38526M106 2,192 20,471 SH   DFND   20,471 0 0
SPARK NETWORKS SE SPONSORED ADR 846517100 2,794 375,000 SH   DFND   375,000 0 0
MANPOWERGROUP INC COM 56418H100 8,118 82,078 SH   DFND   82,078 0 0
MASTERCRAFT BOAT HLDGS INC COM 57637H103 6,648 250,000 SH   DFND   250,000 0 0
MARCHEX INC CL B 56624R108 2,863 1,018,707 SH   DFND   1,018,707 0 0
M D C HLDGS INC COM 552676108 5,940 100,000 SH   DFND   100,000 0 0
MEDTRONIC PLC SHS G5960L103 1,538 13,016 SH   DFND   13,016 0 0
MDU RES GROUP INC COM 552690109 19,583 619,520 SH   DFND   603,520 0 16,000
MAYVILLE ENGINEERING CO INC COM 578605107 2,229 155,000 SH   DFND   155,000 0 0
TRXADE GROUP INC COM NEW 89846A207 1,306 249,200 SH   DFND   249,200 0 0
Methode Electrs Inc COM 591520200 13,989 333,238 SH   DFND   333,238 0 0
MOHAWK INDS INC COM 608190104 4,099 21,313 SH   DFND   21,313 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 13,258 749,450 SH   DFND   716,950 0 32,500
MOTORCAR PTS AMER INC COM 620071100 5,506 244,692 SH   DFND   244,692 0 0
MARTEN TRANS LTD COM 573075108 2,546 150,000 SH   DFND   150,000 0 0
MGIC INVT CORP WIS COM 552848103 15,617 1,127,600 SH   DFND   1,085,600 0 42,000
MATERION CORP COM 576690101 8,494 128,238 SH   DFND   128,238 0 0
MATRIX SVC CO COM 576853105 3,933 300,000 SH   DFND   300,000 0 0
MINERALS TECHNOLOGIES INC COM 603158106 861 11,433 SH   DFND   11,433 0 0
MYERS INDS INC COM 628464109 2,024 102,438 SH   DFND   102,438 0 0
NATIONAL FUEL GAS CO COM 636180101 6,304 126,100 SH   DFND   117,200 0 8,900
NOV INC COM 62955J103 9,251 674,258 SH   DFND   674,258 0 0
NVENT ELECTRIC PLC SHS G6700G107 9,839 352,516 SH   DFND   343,916 0 8,600
NORTHWESTERN CORP COM NEW 668074305 2,863 43,906 SH   DFND   43,906 0 0
NORTHWEST PIPE CO COM 667746101 14,472 433,022 SH   DFND   413,022 0 20,000
NEXSTAR MEDIA GROUP INC CL A 65336K103 2,517 17,922 SH   DFND   17,922 0 0
ORION ENERGY SYSTEMS INC COM 686275108 8,545 1,227,800 SH   DFND   1,150,300 0 77,500
ORTHOFIX MED INC COM 68752M108 4,335 100,000 SH   DFND   100,000 0 0
ON SEMICONDUCTOR CORP COM 682189105 2,558 61,485 SH   DFND   61,485 0 0
OLD NATL BANCORP IND COM 680033107 7,953 411,215 SH   DFND   411,215 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 6,652 603,600 SH   DFND   603,600 0 0
ORACLE CORP COM 68389X105 2,484 35,400 SH   DFND   35,400 0 0
OLD REP INTL CORP COM 680223104 17,480 800,364 SH   DFND   800,364 0 0
PHILBRO ANIMAL HEALTH CORP CL A COM 71742Q106 15,029 615,931 SH   DFND   615,931 0 0
POTBELLY CORP COM 73754Y100 1,478 250,000 SH   DFND   250,000 0 0
POTLATCHDELTIC CORPORATION COM 737630103 15,631 295,366 SH   DFND   295,366 0 0
PURE CYCLE CORP COM NEW 746228303 6,710 500,000 SH   DFND   500,000 0 0
PATTERSON COS INC COM 703395103 9,559 299,200 SH   DFND   282,700 0 16,500
PERMA-FIX ENVIRONMENTAL SVCS COM NEW 714157203 9,860 1,345,130 SH   DFND   1,238,630 0 106,500
PARK AEROSPACE CORP COM 70014A104 6,444 487,452 SH   DFND   487,452 0 0
PHOTRONICS INC COM 719405102 11,602 902,200 SH   DFND   850,750 0 51,450
PNC FINL SVCS GROUP INC COM 693475105 1,537 8,763 SH   DFND   8,763 0 0
PENTAIR PLC SHS G7S00T104 6,232 100,000 SH   DFND   100,000 0 0
PORTLAND GEN ELECTRIC CO COM NEW 736508847 9,017 189,959 SH   DFND   189,959 0 0
POST HLDGS INC COM 737446104 2,833 26,793 SH   DFND   26,793 0 0
POWELL INDS INC COM 739128106 6,419 189,525 SH   DFND   189,525 0 0
PPG INDS INC COM 693506107 7,806 51,948 SH   DFND   51,948 0 0
PERRIGO CO PLC SHS G97822103 4,258 105,223 SH   DFND   105,223 0 0
PRIMO WATER CORPORATION COM 74167P108 6,425 395,153 SH   DFND   395,153 0 0
PUBLIC STORAGE COM 74460D109 12,382 50,180 SH   DFND   50,180 0 0
PS BUSINESS PKS INC CALIF COM 69360J107 13,372 86,506 SH   DFND   86,506 0 0
PRETIUM RES INC COM 74139C102 11,968 1,154,100 SH   DFND   1,103,600 0 50,500
PIONEER NAT RES CO COM 723787107 4,451 28,025 SH   DFND   28,025 0 0
QUANTUM CORP COM NEW 747906501 6,248 750,000 SH   DFND   750,000 0 0
REGAL BELOIT CORP COM 758750103 1,880 13,178 SH   DFND   13,178 0 0
RADIAN GROUP INC COM 750236101 18,794 808,350 SH   DFND   788,650 0 19,700
REINSURANCE GRP AMER INC COM NEW 759351604 8,471 67,204 SH   DFND   67,204 0 0
ROYAL GOLD INC COM 780287108 5,524 51,332 SH   DFND   51,332 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 6,550 84,506 SH   DFND   84,506 0 0
B. RILEY FINANCIAL INC COM 05580M108 17,346 307,659 SH   DFND   307,659 0 0
RAYMOND JAMES FINL INC COM 754730109 6,831 55,737 SH   DFND   55,737 0 0
RALPH LAUREN CORP CL A 751212101 11,998 97,414 SH   DFND   97,414 0 0
SANDERSON FARMS INC COM 800013104 5,281 33,902 SH   DFND   33,902 0 0
SONIC AUTOMOTIVE INC CL A 83545G102 12,714 256,487 SH   DFND   256,487 0 0
SEACOAST BKG CORP FLA COM NEW 811707801 12,105 334,032 SH   DFND   334,032 0 0
SCHNITZER STEEL INDS INC CL A 806882106 10,724 256,605 SH   DFND   256,605 0 0
SCHWAB CHARLES CORP COM 808513105 3,808 58,423 SH   DFND   58,423 0 0
SCIPLAY CORPORATION CL A 809087109 2,427 150,000 SH   DFND   150,000 0 0
SUNSTONE HOTEL INVS INC NEW COM 867892101 12,041 966,336 SH   DFND   966,336 0 0
SHYFT GROUP INC COM 825698103 11,160 300,000 SH   DFND   300,000 0 0
SMTC CORP COM NEW 832682207 931 154,964 SH   DFND   154,964 0 0
SNAP ON INC COM 833034101 4,305 18,659 SH   DFND   18,659 0 0
SPECTRUM BRANDS HLDGS INC NE COM 84790A105 16,817 197,851 SH   DFND   197,851 0 0
STERICYCLE INC COM 858912108 6,327 93,723 SH   DFND   93,723 0 0
SERVICESOURCE INTL INC COM 81763U100 882 600,000 SH   DFND   600,000 0 0
STATE AUTO FINL CORP COM 855707105 4,928 250,000 SH   DFND   250,000 0 0
STERLING CONSTR INC COM 859241101 5,220 225,000 SH   DFND   225,000 0 0
SUNCOR ENERGY INC NEW COM 867224107 1,593 76,211 SH   DFND   76,211 0 0
SIERRA WIRELESS INC COM 826516106 5,908 400,000 SH   DFND   400,000 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 9,391 51,184 SH   DFND   51,184 0 0
SCHWEITZER-MAUDUIT INTL INC COM 808541106 5,532 112,958 SH   DFND   112,958 0 0
SENSIENT TECHNOLOGIES CORP COM 81725T100 6,008 77,022 SH   DFND   77,022 0 0
STOCK YDS BANCORP INC COM 861025104 2,076 40,657 SH   DFND   40,657 0 0
BANCORP INC DEL COM 05969A105 10,360 500,000 SH   DFND   500,000 0 0
TRICO BANCSHARES COM 896095106 9,474 200,000 SH   DFND   200,000 0 0
TERADATA CORP DEL COM 88076W103 2,878 74,674 SH   DFND   74,674 0 0
TECNOGLASS INC SHS G87264100 6,010 500,000 SH   DFND   500,000 0 0
HANOVER INS GROUP INC COM 410867105 9,979 77,085 SH   DFND   77,085 0 0
THOR INDS INC COM 885160101 21,335 158,344 SH   DFND   155,119 0 3,225
TREEHOUSE FOODS INC COM 89469A104 5,895 112,843 SH   DFND   112,843 0 0
TOOTSIE ROLL INDS INC COM 890516107 5,949 179,578 SH   DFND   179,578 0 0
TRIMAS CORP COM NEW 896215209 3,887 128,206 SH   DFND   128,206 0 0
TRISTATE CAP HLDGS INC COM 89678F100 9,224 400,000 SH   DFND   400,000 0 0
TWIN DISC INC COM 901476101 3,350 350,390 SH   DFND   350,390 0 0
UNIFI INC COM NEW 904677200 4,134 150,000 SH   DFND   150,000 0 0
AMERCO COM 023586100 9,315 15,205 SH   DFND   15,205 0 0
UNILEVER PLC SPON ADR NEW 904767704 2,795 50,069 SH   DFND   50,069 0 0
UMB FINL CORP COM 902788108 2,308 25,000 SH   DFND   25,000 0 0
AMERICAS GOLD AND SILVER COR COM 03062D100 2,193 974,600 SH   DFND   851,600 0 123,000
USANA HEALTH SCIENCES INC COM 90328M107 4,880 50,000 SH   DFND   50,000 0 0
VONAGE HLDGS CORP COM 92886T201 13,440 1,137,050 SH   DFND   1,090,750 0 46,300
VISTRA CORP COM 92840M102 20,153 1,139,900 SH   DFND   1,096,500 0 43,400
VIAD CORP COM NEW 92552R406 4,175 100,000 SH   DFND   100,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 1,033 17,763 SH   DFND   17,763 0 0
WELLS FARGO CO NEW COM 949746101 1,132 28,965 SH   DFND   28,965 0 0
WORTHINGTON INDS INC COM 981811102 6,895 102,774 SH   DFND   102,774 0 0
WESTPORT FUEL SYSTEMS INC COM NEW 960908309 4,708 654,821 SH   DFND   654,821 0 0
WESTROCK CO COM 96145D105 8,604 165,300 SH   DFND   160,000 0 5,300
WESTERN UN CO COM 959802109 2,804 113,714 SH   DFND   113,714 0 0
DENTSPLY SIRONA INC COM 24906P109 9,574 150,043 SH   DFND   150,043 0 0
ZOVIO INC COM 98979V102 9,978 2,457,537 SH   DFND   2,280,869 0 176,668