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
AMBAC FINL GROUP INC COM NEW 023139884   2,001,249 121,435 SH   SOLE   100,000 0 21,435
AMERIPRISE FINL INC COM 03076C106   987,558 2,600 SH   SOLE   2,500 0 100
AMPCO-PITTSBURG CORP *W EXP 08/01/202 032037111   13,233 110,279 SH   SOLE   110,279 0 0
AMPCO-PITTSBURG CORP COM 032037103   257,854 231 SH   SOLE   0 0 231
AXOS FINANCIAL INC COM 05465C100   8,008,728 146,680 SH   SOLE   145,500 0 1,180
BAYFIRST FINANCIAL CORP COM 07279B104   808,790 62,000 SH   SOLE   62,000 0 0
BANC OF CALIFORNIA INC COM 05990K106   4,360,721 324,700 SH   SOLE   320,600 0 4,100
BARCLAYS PLC ADR 06738E204   4,045,868 513,435 SH   SOLE   508,000 0 5,435
BUSINESS FIRST BANCSHARES IN COM 12326C105   1,042,251 42,282 SH   SOLE   40,497 0 1,785
BRIDGEWATER BANCSHARES INC COM 108621103   1,374,646 101,675 SH   SOLE   92,000 0 9,675
CNB FINL CORP PA COM 126128107   1,310,604 58,017 SH   SOLE   58,017 0 0
CARLYLE GROUP INC COM 14316J108   6,746,402 165,800 SH   SOLE   161,500 0 4,300
CONNECTONE BANCORP INC COM 20786W107   2,100,091 91,667 SH   SOLE   87,952 0 3,715
DIME CMNTY BANCSHARES INC COM 25432X102   2,401,165 89,163 SH   SOLE   87,063 0 2,100
DELL TECHNOLOGIES INC CL C 24703L202   306,000 4,000 SH   SOLE   4,000 0 0
DOUBLELINE INCOME SOLUTIONS COM 258622109   125,215 10,230 SH   SOLE   0 0 10,230
ELLINGTON FINANCIAL INC COM 28852N109   3,576,632 281,403 SH   SOLE   276,156 0 5,247
ESQUIRE FINL HLDGS INC COM 29667J101   3,606,962 72,197 SH   SOLE   70,260 0 1,937
FIRST BUSINESS FINL SVCS INC COM 319390100   956,385 23,850 SH   SOLE   22,500 0 1,350
FIRST BANCORP P R COM NEW 318672706   7,481,789 454,820 SH   SOLE   449,500 0 5,320
FIRST CTZNS BANCSHARES INC N CL A 31946M103   12,272,672 8,649 SH   SOLE   8,000 0 649
FG GROUP HOLDINGS INC COM 302462106   38,602 26,260 SH   SOLE   0 0 26,260
FINANCIAL INSTNS INC COM 317585404   2,315,800 108,723 SH   SOLE   102,700 0 6,023
PGIM GLOBAL HIGH YIELD FD FO COM 69346J106   215,840 19,000 SH   SOLE   0 0 19,000
GENWORTH FINL INC COM CL A 37247D106   6,981,101 1,045,075 SH   SOLE   1,011,400 0 33,675
ROBINHOOD MKTS INC COM CL A 770700102   9,004,632 706,800 SH   SOLE   700,000 0 6,800
ANYWHERE REAL ESTATE INC COM 75605Y106   1,019,070 125,656 SH   SOLE   49,941 0 75,715
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107   845,580 10,200 SH   SOLE   10,200 0 0
FIRST INTERNET BANCORP COM 320557101   1,463,060 60,482 SH   SOLE   55,592 0 4,890
ISHARES TR RUS 2000 VAL ETF 464287630   549,868 3,540 SH   SOLE   0 0 3,540
JUNIPER NETWORKS INC COM 48203R104   206,360 7,000 SH   SOLE   7,000 0 0
JACKSON FINANCIAL INC COM CL A 46817M107   7,756,800 151,500 SH   SOLE   149,800 0 1,700
KINGSTONE COS INC COM 496719105   774,643 363,682 SH   SOLE   357,682 0 6,000
KKR INCOME OPPORTUNITIES FD COM 48249T106   346,190 27,541 SH   SOLE   0 0 27,541
LAS VEGAS SANDS CORP COM 517834107   295,260 6,000 SH   SOLE   6,000 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107   815,360 1,607 SH   SOLE   0 0 1,607
META PLATFORMS INC CL A 30303M102   718,539 2,030 SH   SOLE   2,000 0 30
MELCO RESORTS AND ENTMNT LTD ADR 585464100   106,440 12,000 SH   SOLE   12,000 0 0
MERIDIAN CORPORATION COM 58958P104   1,305,182 93,898 SH   SOLE   93,898 0 0
NAVIENT CORPORATION COM 63938C108   599,471 32,195 SH   SOLE   0 0 32,195
NORTHEAST BK LEWISTON ME COM 66405S100   6,037,510 109,395 SH   SOLE   106,000 0 3,395
OFG BANCORP COM 67103X102   7,787,032 207,765 SH   SOLE   205,245 0 2,520
ONEMAIN HLDGS INC COM 68268W103   5,387,449 109,501 SH   SOLE   106,800 0 2,701
OP BANCORP COM 67109R109   2,760,177 252,071 SH   SOLE   252,071 0 0
OLD SECOND BANCORP INC ILL COM 680277100   4,913,008 318,200 SH   SOLE   313,900 0 4,300
INVESCO EXCHANGE TRADED FD T BUYBACK ACHIEV 46137V308   928,412 9,376 SH   SOLE   0 0 9,376
PINNACLE FINL PARTNERS INC COM 72346Q104   7,612,562 87,280 SH   SOLE   85,000 0 2,280
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357   3,010,508 19,078 SH   SOLE   0 0 19,078
STIFEL FINL CORP COM 860630102   829,800 12,000 SH   SOLE   12,000 0 0
SLM CORP COM 78442P106   7,268,468 380,150 SH   SOLE   368,000 0 12,150
SOTHERLY HOTELS INC COM 83600C103   1,422,658 954,804 SH   SOLE   935,504 0 19,300
SUNCOKE ENERGY INC COM 86722A103   270,401 25,177 SH   SOLE   20,000 0 5,177
SYNCHRONY FINANCIAL COM 87165B103   484,631 12,690 SH   SOLE   12,600 0 90
TRUIST FINL CORP COM 89832Q109   2,477,295 67,099 SH   SOLE   67,099 0 0
UMB FINL CORP COM 902788108   8,601,472 102,950 SH   SOLE   101,500 0 1,450
UNITY BANCORP INC COM 913290102   689,595 23,305 SH   SOLE   23,305 0 0
VISA INC COM CL A 92826C839   595,160 2,286 SH   SOLE   1,900 0 386
VICTORY CAP HLDGS INC COM CL A 92645B103   3,109,794 90,296 SH   SOLE   85,611 0 4,685
VIRTUS INVT PARTNERS INC COM 92828Q109   4,623,660 19,125 SH   SOLE   18,955 0 170
WESTERN ALLIANCE BANCORP COM 957638109   8,375,067 127,300 SH   SOLE   126,400 0 900
WARNER BROS DISCOVERY INC COM SER A 934423104   301,570 26,500 SH   SOLE   26,500 0 0
WEBSTER FINL CORP COM 947890109   3,878,064 76,400 SH   SOLE   74,400 0 2,000
WINTRUST FINL CORP COM 97650W108   473,118 5,101 SH   SOLE   5,101 0 0