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
A10 NETWORKS INC COM 002121101 927 145,571 SH   SOLE   144,571 0 1,000
ABBOTT LABS COM 002824100 340 3,125 SH   SOLE   0 0 3,125
ACCURAY INC COM 004397105 746 310,862 SH   SOLE   310,862 0 0
ADTRAN INC COM 00738A106 2,053 200,195 SH   SOLE   200,195 0 0
ALLETE INC COM NEW 018522300 1,713 33,104 SH   SOLE   33,104 0 0
ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 1,737 213,400 SH   SOLE   213,400 0 0
AMERICAN SOFTWARE INC CL A 029683109 675 48,065 SH   SOLE   0 0 48,065
ARCHER DANIELS MIDLAND CO COM 039483102 776 16,696 SH   SOLE   0 0 16,696
ARDMORE SHIPPING CORP COM Y0207T100 1,469 412,566 SH   SOLE   412,566 0 0
AT&T INC COM 00206R102 333 11,681 SH   SOLE   0 0 11,681
BRIXMOR PPTY GROUP INC COM 11120U105 1,209 103,445 SH   SOLE   68,400 0 35,045
BOSTON SCIENTIFIC CORP COM 101137107 352 9,205 SH   SOLE   0 0 9,205
CABOT OIL & GAS CORP COM 127097103 700 40,350 SH   SOLE   40,100 0 250
CELESTICA INC SUB VTG SHS 15101Q108 2,276 329,815 SH   SOLE   329,815 0 0
CHANGE HEALTHCARE INC COM 15912K100 683 47,065 SH   SOLE   0 0 47,065
CLARUS CORP NEW COM 18270P109 352 24,956 SH   SOLE   24,856 0 100
COLONY CR REAL ESTATE INC COM CL A 19625T101 510 103,918 SH   SOLE   103,918 0 0
CNB FINL CORP PA COM 126128107 619 41,599 SH   SOLE   0 0 41,599
CNO FINL GROUP INC COM 12621E103 2,543 158,551 SH   SOLE   158,551 0 0
COCA COLA EUROPEAN PARTNERS SHS G25839104 249 6,425 SH   SOLE   0 0 6,425
COMPASS DIVERSIFIED SH BEN INT 20451Q104 793 41,608 SH   SOLE   0 0 41,608
CONCRETE PUMPING HLDGS INC COM 206704108 123 34,474 SH   SOLE   0 0 34,474
CONDUENT INC COM 206787103 2,200 691,777 SH   SOLE   691,777 0 0
CONSOLIDATED EDISON INC COM 209115104 322 4,145 SH   SOLE   0 0 4,145
CORNING INC. COM 219350105 438 13,523 SH   SOLE   0 0 13,523
COVANTA HLDG CORP COM 22282E102 1,714 221,121 SH   SOLE   221,121 0 0
DOMINION ENERGY INC COM 25746U109 301 3,812 SH   SOLE   0 0 3,812
EMCORE CORP COM NEW 290846203 424 130,541 SH   SOLE   129,641 0 900
EXELON CORP COM 30161N101 326 9,120 SH   SOLE   0 0 9,120
GENERAL ELECTRIC CO COM 369604103 123 19,751 SH   SOLE   0 0 19,751
GENWORTH FINL INC COM CL A 37247D106 1,323 394,807 SH   SOLE   275,757 0 119,050
GRAFTECH INTL LTD COM 384313508 1,030 150,567 SH   SOLE   150,567 0 0
GRAY TELEVISION INC COM 389375106 640 46,442 SH   SOLE   46,442 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 302 8,200 SH   SOLE   0 0 8,200
HARVARD BIOSCIENCE INC COM 416906105 573 190,494 SH   SOLE   190,494 0 0
HEXCEL CORP NEW COM 428291108 547 16,300 SH   SOLE   16,300 0 0
HILL INTL INC COM 431466101 706 534,926 SH   SOLE   534,926 0 0
INFINERA CORP COM 45667G103 1,886 306,118 SH   SOLE   271,058 0 35,060
INGLES MKTS INC CL A 457030104 1,039 27,311 SH   SOLE   27,311 0 0
KNOWLES CORP COM 49926D109 1,024 68,709 SH   SOLE   68,709 0 0
LAZARD LTD SHS A G54050102 1,539 46,560 SH   SOLE   28,538 0 18,022
LIMELIGHT NETWORKS INC COM 53261M104 850 147,575 SH   SOLE   147,575 0 0
LSI INDS INC COM 50216C108 2,376 351,938 SH   SOLE   351,938 0 0
MANITEX INTL INC COM 563420108 471 112,921 SH   SOLE   112,921 0 0
MATRIX SVC CO COM 576853105 989 118,485 SH   SOLE   118,485 0 0
METLIFE INC COM 59156R108 329 8,838 SH   SOLE   0 0 8,838
MGIC INVT CORP WIS COM 552848103 1,199 135,333 SH   SOLE   135,333 0 0
MICROSOFT CORP COM 594918104 668 3,175 SH   SOLE   0 0 3,175
MR COOPER GROUP INC COM 62482R107 1,062 47,597 SH   SOLE   47,597 0 0
MYERS INDS INC COM 628464109 443 33,458 SH   SOLE   33,458 0 0
NATIONAL WESTN LIFE GROUP IN CL A 638517102 1,751 9,580 SH   SOLE   9,580 0 0
NOKIA CORP SPONSORED ADR 654902204 202 51,730 SH   SOLE   0 0 51,730
OFFICE DEPOT INC COM 676220106 1,802 92,652 SH   SOLE   59,570 0 33,082
OLD REP INTL CORP COM 680223104 619 42,000 SH   SOLE   42,000 0 0
O-I GLASS INC COM 67098H104 425 40,165 SH   SOLE   39,500 0 665
PBF LOGISTICS LP UNIT LTD PTNR 69318Q104 271 33,295 SH   SOLE   0 0 33,295
PFIZER INC COM 717081103 329 8,975 SH   SOLE   0 0 8,975
PHOTRONICS INC COM 719405102 1,176 118,075 SH   SOLE   118,075 0 0
PROGRESS SOFTWARE CORP COM 743312100 277 7,561 SH   SOLE   0 0 7,561
QUANTUM CORP COM NEW 747906501 428 92,935 SH   SOLE   0 0 92,935
SANMINA CORPORATION COM 801056102 1,573 58,154 SH   SOLE   58,154 0 0
SEABOARD CORP COM 811543107 2,122 748 SH   SOLE   748 0 0
SEACOR HOLDINGS INC COM 811904101 1,437 49,416 SH   SOLE   49,416 0 0
STEWART INFORMATION SVCS COR COM 860372101 2,251 51,467 SH   SOLE   51,467 0 0
TECK RESOURCES LTD CL B 878742204 220 15,820 SH   SOLE   0 0 15,820
THIRD PT REINS LTD COM G8827U100 1,526 219,619 SH   SOLE   219,619 0 0
TIPTREE INC COM 88822Q103 227 45,944 SH   SOLE   45,944 0 0
TRINITY INDS INC COM 896522109 260 13,310 SH   SOLE   0 0 13,310
TRUSTCO BK CORP N Y COM 898349105 188 35,960 SH   SOLE   0 0 35,960
UNDER ARMOUR INC CL A 904311107 1,684 149,994 SH   SOLE   111,784 0 38,210
UNISYS CORP COM NEW 909214306 2,803 262,674 SH   SOLE   205,727 0 56,947
VISHAY INTERTECHNOLOGY INC COM 928298108 325 20,894 SH   SOLE   0 0 20,894
VISTA OUTDOOR INC COM 928377100 1,715 84,976 SH   SOLE   83,276 0 1,700
VONAGE HLDGS CORP COM 92886T201 1,653 161,594 SH   SOLE   122,741 0 38,853
WESTLAKE CHEM PARTNERS LP COM UNIT RP LP 960417103 550 29,347 SH   SOLE   0 0 29,347