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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
1-800-Flowers.com Inc COM 68243Q106   1,081,332 113,110 SH   SOLE   56,310 0 56,800
ACCO Brands COM 00081T108   1,231,142 220,240 SH   SOLE   109,730 0 110,510
ARC Document Solutions COM 00191G103   5,411,136 1,846,804 SH   SOLE   1,313,824 0 532,980
AXT Inc COM 00246W103   4,419,359 1,008,986 SH   SOLE   717,696 0 291,290
Acacia Research Corp COM 003881307   4,717,899 1,120,641 SH   SOLE   769,291 0 351,350
Alico Inc COM 016230104   4,699,263 196,869 SH   SOLE   140,009 0 56,860
Alpine Income Property Trust COM 02083X103   7,267,263 380,884 SH   SOLE   271,173 0 109,711
Amtech Systems COM 032332504   5,881,906 773,935 SH   SOLE   551,005 0 222,930
Asure Software COM 04649U102   8,751,440 936,985 SH   SOLE   651,498 0 285,487
BGSF Inc COM 05601C105   7,814,303 510,072 SH   SOLE   363,157 0 146,915
BM Technologies Inc COM 05591L107   3,449,755 662,141 SH   SOLE   470,641 0 191,500
Banc of California Inc COM 05990K106   1,184,873 74,380 SH   SOLE   36,980 0 37,400
Barrett Business Services Inc COM 068463108   13,211,016 141,628 SH   SOLE   95,808 0 45,820
Benchmark Electronics, Inc COM 08160H101   930,947 34,880 SH   SOLE   17,220 0 17,660
Bloomin Brands COM 094235108   385,902 19,180 SH   SOLE   9,540 0 9,640
Blucora Inc COM 095229100   959,673 37,590 SH   SOLE   18,750 0 18,840
Bowman Consulting Grp COM 103002101   7,201,105 329,570 SH   SOLE   234,640 0 94,930
Bridgewater Bancshares COM 108621103   1,256,702 70,840 SH   SOLE   35,250 0 35,590
Brinker International COM 109641100   436,529 13,680 SH   SOLE   6,800 0 6,880
Build A Bear Workshop COM 120076104   10,367,086 434,861 SH   SOLE   309,431 0 125,430
Caleres Inc COM 129500104   1,277,090 57,320 SH   SOLE   28,620 0 28,700
Capital Bancorp COM 139737100   4,488,231 190,664 SH   SOLE   135,741 0 54,923
Cheesecake Factory COM 163072101   401,449 12,660 SH   SOLE   6,300 0 6,360
Chefs' Warehouse COM 163086101   1,599,770 48,070 SH   SOLE   23,990 0 24,080
Civista Bancshares COM 178867107   5,925,026 269,197 SH   SOLE   181,053 0 88,144
Cohu Inc COM 192576106   1,946,076 60,720 SH   SOLE   30,260 0 30,460
Colony Bankcorp COM 19623P101   3,797,165 299,225 SH   SOLE   212,853 0 86,372
Columbus McKinnon Corp COM 199333105   843,895 25,990 SH   SOLE   12,960 0 13,030
Comtech Telecom Corp COM 205826209   5,023,180 413,771 SH   SOLE   284,011 0 129,760
ConnectOne Bancorp COM 20786W107   1,268,362 52,390 SH   SOLE   26,040 0 26,350
Cooper Standard Hlds COM 21676P103   4,254,685 469,612 SH   SOLE   315,712 0 153,900
Cra Intl Inc COM 12618T105   8,340,775 68,127 SH   SOLE   48,477 0 19,650
Customers Bancorp COM 23204G100   1,057,932 37,330 SH   SOLE   18,430 0 18,900
DMC Global Inc COM 23291C103   3,081,804 158,529 SH   SOLE   108,199 0 50,330
DXP Enterprises, Inc COM 233377407   530,338 19,250 SH   SOLE   9,610 0 9,640
Daktronics, Inc COM 234264109   216,012 76,600 SH   SOLE   38,210 0 38,390
Destination XL Group COM 25065K104   8,215,931 1,217,175 SH   SOLE   866,415 0 350,760
EPlus Inc COM 294268107   1,112,314 25,120 SH   SOLE   12,510 0 12,610
Eagle Bancorp Montana COM 26942G100   3,670,809 227,154 SH   SOLE   161,544 0 65,610
Edgewell Personal Care COM 28035Q102   1,503,445 39,010 SH   SOLE   19,460 0 19,550
Enerpac Tool Group COM 292765104   654,574 25,720 SH   SOLE   12,830 0 12,890
Ennis Inc COM 293389102   1,083,624 48,900 SH   SOLE   24,390 0 24,510
Esquire Financial Hld COM 29667J101   6,993,001 161,651 SH   SOLE   115,051 0 46,600
FS Bancorp COM 30263Y104   7,796,904 233,161 SH   SOLE   165,961 0 67,200
Farmers National Banc Corp COM 309627107   4,930,933 349,216 SH   SOLE   248,576 0 100,640
First Business Financial Servi COM 319390100   5,007,533 137,005 SH   SOLE   97,515 0 39,490
First Financial Corp COM 320218100   1,250,150 27,130 SH   SOLE   13,530 0 13,600
First Northwest COM 335834107   3,881,349 252,692 SH   SOLE   179,888 0 72,804
Franchise Group COM 35180X105   1,079,761 45,330 SH   SOLE   22,420 0 22,910
Global Medical REIT COM 37954A204   6,063,711 639,632 SH   SOLE   430,122 0 209,510
Great Ajax Corp COM 38983D300   5,458,417 752,885 SH   SOLE   507,672 0 245,213
Hamilton Beach Brands Hld COM 40701T104   4,942,817 398,936 SH   SOLE   283,756 0 115,180
Healthcare Services Group Inc COM 421906108   1,143,600 95,300 SH   SOLE   47,420 0 47,880
Heidrick & Struggles Internati COM 422819102   911,822 32,600 SH   SOLE   16,120 0 16,480
Heritage Insurance Hlds Inc COM 42727J102   1,574,345 874,636 SH   SOLE   620,886 0 253,750
Horizon Bancorp COM 440407104   2,853,468 189,222 SH   SOLE   134,612 0 54,610
Hurco Companies Inc COM 447324104   4,071,263 155,808 SH   SOLE   110,748 0 45,060
Ichor Holdings COM G4740B105   1,191,344 44,420 SH   SOLE   22,100 0 22,320
InTest Corp COM 461147100   8,094,955 785,918 SH   SOLE   559,343 0 226,575
Intevac Inc COM 461148108   1,205,038 186,250 SH   SOLE   92,900 0 93,350
Kelly Services Cls A COM 488152208   1,069,939 63,310 SH   SOLE   31,500 0 31,810
Kimball Electronics COM 49428J109   8,526,008 377,424 SH   SOLE   268,684 0 108,740
Koppers Holdings COM 50060P106   974,028 34,540 SH   SOLE   17,180 0 17,360
Lakeland Bancorp COM 511637100   1,428,523 81,120 SH   SOLE   40,460 0 40,660
Lakeland Industries COM 511795106   7,312,606 549,820 SH   SOLE   391,200 0 158,620
Lifecore Biomedical Inc COM 514766104   2,701,259 416,861 SH   SOLE   296,227 0 120,634
Lifetime Brands Inc COM 53222Q103   4,679,690 616,560 SH   SOLE   422,050 0 194,510
Manitex International Inc COM 563420108   3,816,416 954,104 SH   SOLE   678,494 0 275,610
Matrix Service Co COM 576853105   379,793 61,060 SH   SOLE   30,460 0 30,600
Medifast Inc COM 58470H101   1,279,232 11,090 SH   SOLE   5,530 0 5,560
Metropolitan Bank Hld COM 591774104   6,977,154 118,922 SH   SOLE   80,192 0 38,730
Miller Industries Inc COM 600551204   2,921,161 109,571 SH   SOLE   78,011 0 31,560
Mistras Group Inc COM 60649T107   1,573,059 319,079 SH   SOLE   215,660 0 103,419
MotorCar Parts of America Inc COM 620071100   5,507,037 464,337 SH   SOLE   330,407 0 133,930
NN Inc COM 629337106   1,002,428 668,285 SH   SOLE   449,895 0 218,390
NV5 Global Inc COM 62945V109   936,826 7,080 SH   SOLE   3,520 0 3,560
Natural Gas Services Group Inc COM 63886Q109   6,466,271 564,247 SH   SOLE   401,722 0 162,525
Necessity Retail REIT Inc COM 02607T109   972,105 163,930 SH   SOLE   81,770 0 82,160
Netgear Inc COM 64111Q104   778,368 42,980 SH   SOLE   21,380 0 21,600
Newpark Resources Inc COM 651718504   346,027 83,380 SH   SOLE   41,590 0 41,790
Northeast Bank COM 66405S100   8,762,196 208,128 SH   SOLE   145,028 0 63,100
Northwest Pipe COM 667746101   9,867,933 292,817 SH   SOLE   208,427 0 84,390
One Stop Systems COM 68247W109   1,714,701 569,668 SH   SOLE   405,327 0 164,341
Orrstown Financial Services COM 687380105   4,267,948 184,281 SH   SOLE   131,201 0 53,080
PAM Transportation Services, I COM 693149106   2,954,309 114,066 SH   SOLE   81,230 0 32,836
PC Connection COM 69318J100   914,550 19,500 SH   SOLE   9,730 0 9,770
PRA Group COM 69354N106   906,993 26,850 SH   SOLE   13,390 0 13,460
Parke Bancorp COM 700885106   6,350,070 306,175 SH   SOLE   217,983 0 88,192
Pathward Financial Inc COM 59100U108   1,494,266 34,710 SH   SOLE   17,290 0 17,420
Patrick Industries COM 703343103   787,800 13,000 SH   SOLE   6,480 0 6,520
Peoples Financial Services COM 711040105   3,146,989 60,706 SH   SOLE   43,206 0 17,500
Perdoceo Education Corp. COM 71363P106   1,673,699 120,410 SH   SOLE   60,060 0 60,350
Photronics Inc COM 719405102   4,804,443 285,469 SH   SOLE   182,929 0 102,540
ProFire Energy COM 74316X101   1,857,476 1,752,336 SH   SOLE   1,247,497 0 504,839
QCR Holdings Inc COM 74727A104   875,153 17,630 SH   SOLE   8,700 0 8,930
Quantum Corp COM 747906501   1,493,750 1,370,413 SH   SOLE   974,193 0 396,220
RMR Group Cls A COM 74967R106   806,820 28,560 SH   SOLE   14,250 0 14,310
Red Robin Gourmet Burgers COM 75689M101   2,380,422 426,599 SH   SOLE   302,779 0 123,820
Resources Connection COM 76122Q105   1,569,836 85,410 SH   SOLE   42,490 0 42,920
Ribbon Communications Inc COM 762544104   390,321 139,900 SH   SOLE   69,780 0 70,120
Rimini Street Inc. COM 76674Q107   5,392,381 1,415,323 SH   SOLE   962,663 0 452,660
Riverview Bancorp COM 769397100   5,719,173 744,684 SH   SOLE   530,194 0 214,490
SP Plus Corp COM 78469C103   1,589,134 45,770 SH   SOLE   22,820 0 22,950
Shyft Group Inc COM 825698103   941,448 37,870 SH   SOLE   18,890 0 18,980
Silvercrest Asset Mgmnt Grp Cl COM 828359109   6,563,788 349,696 SH   SOLE   248,969 0 100,727
Smith Micro Software COM 832154207   3,979,128 1,894,823 SH   SOLE   1,346,973 0 547,850
Stagwell Inc COM 85256A109   1,416,439 228,090 SH   SOLE   113,770 0 114,320
Standard Motor COM 853666105   649,368 18,660 SH   SOLE   9,310 0 9,350
Sterling Infrastructure Inc COM 859241101   11,394,064 347,380 SH   SOLE   234,170 0 113,210
Strattec Security COM 863111100   3,496,028 170,123 SH   SOLE   120,913 0 49,210
Summit Financial Grp COM 86606G101   792,249 31,830 SH   SOLE   15,820 0 16,010
Sunlight Financial hld Cls A COM 86738J106   1,040,937 806,928 SH   SOLE   573,908 0 233,020
System1 Inc COM 87200P109   1,094,036 233,270 SH   SOLE   115,130 0 118,140
Textainer Group Holdings COM G8766E109   1,288,466 41,550 SH   SOLE   20,730 0 20,820
Tilly's Inc Cls A COM 886885102   4,413,477 487,677 SH   SOLE   347,157 0 140,520
TrueBlue Inc COM 89785X101   1,029,516 52,580 SH   SOLE   26,160 0 26,420
Twin Disc Inc COM 901476101   5,957,631 612,925 SH   SOLE   427,275 0 185,650
USCB Financial Hlds COM 90355N101   4,075,971 334,096 SH   SOLE   237,876 0 96,220
Ultra Clean Holdings COM 90385V107   1,338,266 40,370 SH   SOLE   20,160 0 20,210
Unity Bancorp COM 913290102   6,118,716 223,883 SH   SOLE   159,393 0 64,490
Universal Electronics Inc COM 913483103   3,903,103 187,559 SH   SOLE   127,449 0 60,110
Univest Financial Corp COM 915271100   650,114 24,880 SH   SOLE   12,410 0 12,470
Wabash National Corp. COM 929566107   1,838,510 81,350 SH   SOLE   40,550 0 40,800
West Bancorporation COM 95123P106   7,421,815 290,482 SH   SOLE   196,562 0 93,920
Whole Earth Brands Cls A COM 96684W100   5,395,310 1,325,629 SH   SOLE   893,279 0 432,350
Zumiez Inc COM 989817101   601,328 27,660 SH   SOLE   13,780 0 13,880
iShares Russell 2000 Value Ind COM 464287630   256,956 1,853 SH   SOLE   1,853 0 0