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

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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGNICO EAGLE MINES LTD COM 008474108 209 4,650 SH   SOLE   4,650 0 0
ALLIED HEALTHCARE PRODS INC COM NEW 019222207 496 171,822 SH   SOLE   171,822 0 0
AMERISERV FINL INC COM 03074A102 262 63,312 SH   SOLE   63,312 0 0
AMREP CORP NEW COM 032159105 332 49,032 SH   SOLE   49,032 0 0
BENEFICIAL BANCORP INC COM 08171T102 2,679 178,664 SH   SOLE   178,664 0 0
BRT APARTMENTS CORP COM 055645303 1,471 187,192 SH   SOLE   187,192 0 0
CENTRAL FD CDA LTD CL A 153501101 1,821 147,840 SH   SOLE   20,680 0 127,160
SEACOR HOLDINGS INC COM 811904101 5,328 155,352 SH   SOLE   43,535 0 111,817
CISCO SYS INC COM 17275R102 5,476 174,957 SH   SOLE   54,060 0 120,897
COMMERCE UN BANCSHARES INC COM 200828101 1,276 53,474 SH   SOLE   53,474 0 0
EAGLE BANCORP MONT INC COM 26942G100 1,518 83,900 SH   SOLE   83,900 0 0
ENTEGRA FINL CORP COM 29363J108 1,591 69,953 SH   SOLE   69,953 0 0
ENGLOBAL CORP COM 293306106 1,252 970,627 SH   SOLE   970,627 0 0
ESSA BANCORP INC COM 29667D104 1,760 119,600 SH   SOLE   119,600 0 0
FIRST NORTHWEST BANCORP COM 335834107 1,331 84,412 SH   SOLE   84,412 0 0
FRP HLDGS INC COM 30292L107 1,099 23,822 SH   SOLE   23,822 0 0
FSB BANCORP INC COM 30289C102 489 33,195 SH   SOLE   33,195 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 1,738 78,750 SH   SOLE   31,430 0 47,320
SPDR GOLD TRUST GOLD SHS 78463V107 14,262 120,845 SH   SOLE   90,376 0 30,469
CORNING INC COM 219350105 6,703 223,092 SH   SOLE   69,415 0 153,677
HARDINGE INC COM 412324303 1,027 82,700 SH   SOLE   82,700 0 0
HOPFED BANCORP INC COM 439734104 2,134 148,888 SH   SOLE   148,888 0 0
HOME FED BANCORP INC LA NEW COM 43708L108 1,032 38,329 SH   SOLE   38,329 0 0
HELMERICH & PAYNE INC COM 423452101 5,172 95,189 SH   SOLE   28,673 0 66,516
HOMETRUST BANCSHARES INC COM 437872104 5,734 235,026 SH   SOLE   162,270 0 72,756
HURCO COMPANIES INC COM 447324104 1,647 47,412 SH   SOLE   47,412 0 0
IF BANCORP INC COM 44951J105 940 48,250 SH   SOLE   48,250 0 0
DORIAN LPG LTD SHS USD Y2106R110 9,954 1,216,943 SH   SOLE   631,896 0 585,047
MEDIDATA SOLUTIONS INC COM 58471A105 276 3,530 SH   SOLE   3,530 0 0
MCEWEN MNG INC COM 58039P107 2,950 1,121,795 SH   SOLE   619,970 0 501,825
PATHFINDER BANCORP INC MD COM 70319R109 966 61,550 SH   SOLE   61,550 0 0
SOUND FINL BANCORP INC COM 83607A100 1,348 44,218 SH   SOLE   44,218 0 0
SI FINL GROUP INC MD COM 78425V104 1,712 106,392 SH   SOLE   106,392 0 0
SEACOR MARINE HLDGS INC COM 78413P101 3,188 156,620 SH   SOLE   43,763 0 112,857
VAREX IMAGING CORP COM 92214X106 7,784 230,313 SH   SOLE   91,340 0 138,973
WILLBROS GROUP INC DEL COM 969203108 37 15,000 SH   SOLE   15,000 0 0
WESTPORT FUEL SYSTEMS INC COM NEW 960908309 35 15,000 SH   SOLE   15,000 0 0