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
ABBOTT LABS COM 002824100 476 6,585 SH   SOLE   0 0 6,585
ACCURAY INC COM 004397105 1,915 561,634 SH   SOLE   561,634 0 0
ADTRAN INC COM 00738A106 3,655 340,350 SH   SOLE   340,350 0 0
AEROHIVE NETWORKS INC COM 007786106 2,165 664,165 SH   SOLE   664,165 0 0
ALCOA CORP COM 013872106 2,396 90,128 SH   SOLE   85,000 0 5,128
ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 4,694 486,920 SH   SOLE   486,920 0 0
ARDMORE SHIPPING CORP COM Y0207T100 1,844 394,837 SH   SOLE   394,837 0 0
AT&T INC COM 00206R102 387 13,556 SH   SOLE   0 0 13,556
BOSTON SCIENTIFIC CORP COM 101137107 504 14,265 SH   SOLE   0 0 14,265
BROOKLINE BANCORP INC DEL COM 11373M107 1,270 91,860 SH   SOLE   91,860 0 0
CARRIZO OIL & GAS INC COM 144577103 1,600 141,682 SH   SOLE   141,682 0 0
CECO ENVIRONMENTAL CORP COM 125141101 1,539 227,943 SH   SOLE   207,271 0 20,672
CELESTICA INC SUB VTG SHS 15101Q108 3,699 421,832 SH   SOLE   421,832 0 0
CENTURY ALUM CO COM 156431108 482 66,000 SH   SOLE   66,000 0 0
CIENA CORP COM NEW 171779309 971 28,639 SH   SOLE   13,699 0 14,940
CISION LTD SHS G1992S109 285 24,390 SH   SOLE   0 0 24,390
CLARUS CORP NEW COM 18270P109 5,250 518,727 SH   SOLE   481,129 0 37,598
CLEVELAND CLIFFS INC COM 185899101 3,592 467,156 SH   SOLE   467,156 0 0
CNO FINL GROUP INC COM 12621E103 2,585 173,697 SH   SOLE   173,697 0 0
COCA COLA EUROPEAN PARTNERS SHS G25839104 309 6,735 SH   SOLE   0 0 6,735
COHU INC COM 192576106 380 23,659 SH   SOLE   23,659 0 0
COMPASS DIVERSIFIED HOLDINGS SH BEN INT 20451Q104 695 55,805 SH   SOLE   0 0 55,805
CONDUENT INC COM 206787103 2,540 238,934 SH   SOLE   238,934 0 0
CONSOLIDATED EDISON INC COM 209115104 330 4,315 SH   SOLE   0 0 4,315
COVANTA HLDG CORP COM 22282E102 4,734 352,780 SH   SOLE   352,780 0 0
COWEN INC CL A NEW 223622606 4,085 306,238 SH   SOLE   306,238 0 0
CRAWFORD & CO CL A 224633206 256 28,758 SH   SOLE   0 0 28,758
CSS INDS INC COM 125906107 1,832 204,214 SH   SOLE   204,214 0 0
DONNELLEY FINL SOLUTIONS INC COM 25787G100 4,666 332,539 SH   SOLE   332,539 0 0
DOWDUPONT INC COM 26078J100 482 9,006 SH   SOLE   0 0 9,006
EXELON CORP COM 30161N101 442 9,800 SH   SOLE   0 0 9,800
FERROGLOBE PLC SHS G33856108 808 508,371 SH   SOLE   508,371 0 0
FLAHERTY & CRUMRINE DYN PFD SHS 33848W106 558 25,350 SH   SOLE   0 0 25,350
FLY LEASING LTD SPONSORED ADR 34407D109 3,540 335,231 SH   SOLE   304,786 0 30,445
GENERAL ELECTRIC CO COM 369604103 159 20,983 SH   SOLE   0 0 20,983
GENWORTH FINL INC COM CL A 37247D106 5,497 1,179,566 SH   SOLE   1,094,141 0 85,425
GRACE W R & CO DEL NEW COM 38388F108 504 7,769 SH   SOLE   0 0 7,769
GRAY TELEVISION INC COM 389375106 3,121 211,740 SH   SOLE   211,740 0 0
GUESS INC COM 401617105 1,911 92,020 SH   SOLE   92,020 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 394 8,855 SH   SOLE   0 0 8,855
HARVARD BIOSCIENCE INC COM 416906105 1,758 552,923 SH   SOLE   552,923 0 0
HORIZON GLOBAL CORP COM 44052W104 631 441,584 SH   SOLE   441,584 0 0
INFINERA CORPORATION COM 45667G103 1,373 344,090 SH   SOLE   307,830 0 36,260
INVACARE CORP COM 461203101 1,320 306,932 SH   SOLE   303,137 0 3,795
INVESTORS REAL ESTATE TR SH BEN INT 461730103 970 19,762 SH   SOLE   19,762 0 0
JAKKS PAC INC COM 47012E106 590 401,264 SH   SOLE   401,264 0 0
JETBLUE AIRWAYS CORP COM 477143101 2,281 142,005 SH   SOLE   142,005 0 0
JOHNSON & JOHNSON COM 478160104 201 1,558 SH   SOLE   0 0 1,558
KEY TRONIC CORP COM 493144109 328 58,088 SH   SOLE   0 0 58,088
KIMBELL RTY PARTNERS LP UNIT 49435R102 386 28,429 SH   SOLE   0 0 28,429
LSI INDS INC COM 50216C108 1,057 333,527 SH   SOLE   333,527 0 0
LYDALL INC DEL COM 550819106 1,103 54,298 SH   SOLE   54,298 0 0
MANITEX INTL INC COM 563420108 1,008 177,433 SH   SOLE   177,433 0 0
MCDERMOTT INTL INC COM 580037703 393 60,100 SH   SOLE   60,100 0 0
METLIFE INC COM 59156R108 382 9,303 SH   SOLE   0 0 9,303
MFA FINL INC COM 55272X102 4,055 607,052 SH   SOLE   607,052 0 0
MGIC INVT CORP WIS COM 552848103 4,125 394,383 SH   SOLE   394,383 0 0
MICROSOFT CORP COM 594918104 534 5,255 SH   SOLE   0 0 5,255
MONDELEZ INTL INC CL A 609207105 318 7,950 SH   SOLE   0 0 7,950
MR COOPER GROUP INC COM 62482R107 3,387 290,247 SH   SOLE   290,247 0 0
NATIONAL WESTN LIFE INS CO CL A 638517102 5,268 17,519 SH   SOLE   17,519 0 0
NETSCOUT SYS INC COM 64115T104 995 42,100 SH   SOLE   42,100 0 0
NEWELL BRANDS INC COM 651229106 312 16,785 SH   SOLE   0 0 16,785
NOKIA CORP SPONSORED ADR 654902204 699 120,165 SH   SOLE   0 0 120,165
NUANCE COMMUNICATIONS INC COM 67020Y100 360 27,205 SH   SOLE   0 0 27,205
OAKTREE CAP GROUP LLC UNIT CL A 674001201 2,298 57,803 SH   SOLE   56,945 0 0
OFFICE DEPOT INC COM 676220106 3,714 1,439,359 SH   SOLE   1,439,359 0 0
ORION ENERGY SYSTEMS INC COM 686275108 757 1,324,977 SH   SOLE   1,324,977 0 0
ORION ENGINEERED CARBONS S A COM L72967109 1,593 63,004 SH   SOLE   63,004 0 0
OWENS ILL INC COM NEW 690768403 5,084 294,888 SH   SOLE   273,988 0 20,900
PATTERSON COMPANIES INC CALL 703395103 1,099 55,900 SH   SOLE   55,900 0 0
PFIZER INC COM 717081103 392 8,985 SH   SOLE   0 0 8,985
PROSHARES TR SHRT RUSSELL2000 74348A210 299 6,400 SH   SOLE   6,400 0 0
PURECYCLE CORP COM NEW 746228303 451 45,391 SH   SOLE   45,391 0 0
QUICKLOGIC CORP COM 74837P108 215 292,675 SH   SOLE   270,875 0 21,800
RED LION HOTELS CORP COM 756764106 496 60,477 SH   SOLE   0 0 60,477
ROWAN COMPANIES PLC SHS CL A G7665A101 1,511 180,140 SH   SOLE   180,140 0 0
SANMINA CORPORATION COM 801056102 3,067 127,486 SH   SOLE   127,486 0 0
SEABOARD CORP COM 811543107 3,361 950 SH   SOLE   950 0 0
SEACOR HOLDINGS INC COM 811904101 1,440 38,910 SH   SOLE   38,910 0 0
SOUTHWESTERN ENERGY CO COM 845467109 2,674 784,221 SH   SOLE   784,221 0 0
STEWART INFORMATION SVCS COR COM 860372101 3,455 83,453 SH   SOLE   83,453 0 0
SUPERIOR DRILLING PRODS INC COM 868153107 93 79,386 SH   SOLE   64,686 0 14,700
TECK RESOURCES LTD CL B 878742204 362 16,805 SH   SOLE   0 0 16,805
TETRA TECHNOLOGIES INC DEL COM 88162F105 1,285 764,860 SH   SOLE   764,860 0 0
THESTREET INC COM 88368Q103 932 459,080 SH   SOLE   459,080 0 0
TRAVELCENTERS OF AMER LLC COM 894174101 1,631 433,870 SH   SOLE   433,870 0 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 1,303 569,033 SH   SOLE   569,033 0 0
TRINITY INDS INC COM 896522109 281 13,656 SH   SOLE   0 0 13,656
TRIUMPH GROUP INC NEW COM 896818101 2,148 186,783 SH   SOLE   186,783 0 0
TRUSTCO BK CORP N Y COM 898349105 287 41,795 SH   SOLE   0 0 41,795
TYSON FOODS INC CL A 902494103 472 8,836 SH   SOLE   0 0 8,836
UNITED NAT FOODS INC COM 911163103 1,082 102,200 SH   SOLE   102,200 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 222 2,850 SH   SOLE   0 0 2,850
VERIZON COMMUNICATIONS INC COM 92343V104 1,061 18,863 SH   SOLE   0 0 18,863
VISHAY INTERTECHNOLOGY INC COM 928298108 1,763 97,911 SH   SOLE   97,911 0 0
VONAGE HLDGS CORP COM 92886T201 3,998 457,919 SH   SOLE   457,919 0 0
WESTLAKE CHEM PARTNERS LP COM UNIT RP LP 960417103 725 30,048 SH   SOLE   0 0 30,048