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
AGILYSYS INC COM 00847J105 1,872 152,413 SH   SOLE   152,413 0 0
ALASKA COMMUNICATIONS SYS GR COM 01167P101 3,294 1,229,084 SH   SOLE   1,229,084 0 0
ALLIANCE ONE INTL INC COM NEW 018772301 6,016 454,031 SH   SOLE   454,031 0 0
AMCON DISTRG CO COM NEW 02341Q205 702 7,814 SH   SOLE   7,814 0 0
AMPCO-PITTSBURGH CORP COM 032037103 876 70,672 SH   SOLE   70,672 0 0
ASTRONICS CORP COM 046433108 1,543 37,200 SH   SOLE   37,200 0 0
BANK AMER CORP COM 060505104 2,409 81,609 SH   SOLE   81,609 0 0
BERRY GLOBAL GROUP INC COM 08579W103 21,638 368,809 SH   SOLE   368,809 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 693 20,700 SH   SOLE   20,700 0 0
CARROLS RESTAURANT GROUP INC COM 14574X104 6,419 528,285 SH   SOLE   528,285 0 0
CIVEO CORP CDA COM 17878Y108 1,823 667,765 SH   SOLE   667,765 0 0
CONDUENT INC COM 206787103 1,314 81,340 SH   SOLE   81,340 0 0
DMC GLOBAL INC COM 23291C103 2,517 100,479 SH   SOLE   100,479 0 0
DXP ENTERPRISES INC NEW COM NEW 233377407 1,901 64,284 SH   SOLE   64,284 0 0
EZCORP INC CL A NON VTG 302301106 7,802 639,485 SH   SOLE   639,485 0 0
ENGLOBAL CORP COM 293306106 898 1,032,713 SH   SOLE   1,032,713 0 0
FABRINET SHS G3323L100 2,978 103,762 SH   SOLE   103,762 0 0
FIESTA RESTAURANT GROUP INC COM 31660B101 1,174 61,764 SH   SOLE   61,764 0 0
FIVE STAR SENIOR LIVING INC COM 33832D106 971 647,532 SH   SOLE   647,532 0 0
FORMFACTOR INC COM 346375108 1,183 75,600 SH   SOLE   75,600 0 0
FOSTER L B CO COM 350060109 4,785 176,232 SH   SOLE   176,232 0 0
GENERAL CABLE CORP DEL NEW COM 369300108 3,589 121,256 SH   SOLE   121,256 0 0
GREAT LAKES DREDGE & DOCK CO COM 390607109 2,926 541,810 SH   SOLE   541,810 0 0
GULF ISLAND FABRICATION INC COM 402307102 2,504 186,526 SH   SOLE   186,526 0 0
HAIN CELESTIAL GROUP INC COM 405217100 598 14,100 SH   SOLE   14,100 0 0
HILL INTERNATIONAL INC COM 431466101 8,792 1,613,253 SH   SOLE   1,613,253 0 0
HOUSTON WIRE & CABLE CO COM 44244K109 3,141 436,277 SH   SOLE   436,277 0 0
HUDSON GLOBAL INC COM 443787106 1,584 703,982 SH   SOLE   703,982 0 0
INFUSYSTEM HLDGS INC COM 45685K102 2,340 1,017,415 SH   SOLE   1,017,415 0 0
INTERNATIONAL GAME TECHNOLOG SHS USD G4863A108 398 15,000 SH   SOLE   15,000 0 0
ISHARES TR RUS 2000 VAL ETF 464287630 4,874 38,760 SH   SOLE   38,760 0 0
JPMORGAN CHASE & CO COM 46625H100 1,722 16,100 SH   SOLE   16,100 0 0
KKR & CO L P DEL COM UNITS 48248M102 1,554 73,780 SH   SOLE   73,780 0 0
LAYNE CHRISTENSEN CO COM 521050104 7,678 611,817 SH   SOLE   611,817 0 0
LINCOLN EDL SVCS CORP COM 533535100 2,383 1,179,469 SH   SOLE   1,179,469 0 0
MASTEC INC COM 576323109 6,249 127,656 SH   SOLE   127,656 0 0
MATRIX SVC CO COM 576853105 3,622 203,500 SH   SOLE   203,500 0 0
MITCHAM INDS INC COM 606501104 1,027 324,123 SH   SOLE   324,123 0 0
MORGAN STANLEY COM NEW 617446448 1,695 32,300 SH   SOLE   32,300 0 0
NATUZZI S P A ADR 63905A101 570 356,153 SH   SOLE   356,153 0 0
NCR CORP NEW COM 62886E108 265 7,800 SH   SOLE   7,800 0 0
NEXEO SOLUTIONS INC COM SHS 65342H102 2,140 235,217 SH   SOLE   235,217 0 0
NICHOLAS FINANCIAL INC COM NEW 65373J209 502 57,003 SH   SOLE   57,003 0 0
NORTHERN TECH INTL CORP COM 665809109 1,615 65,255 SH   SOLE   65,255 0 0
NOW INC COM 67011P100 580 52,600 SH   SOLE   52,600 0 0
ORION GROUP HOLDINGS INC COM 68628V308 2,273 290,279 SH   SOLE   290,279 0 0
PERFORMANT FINL CORP COM 71377E105 1,896 1,149,038 SH   SOLE   1,149,038 0 0
PRGX GLOBAL INC COM NEW 69357C503 2,651 373,385 SH   SOLE   373,385 0 0
QUANTA SVCS INC COM 74762E102 1,474 37,700 SH   SOLE   37,700 0 0
R1 RCM INC COM 749397105 678 153,652 SH   SOLE   153,652 0 0
RADIANT LOGISTICS INC COM 75025X100 6,562 1,426,517 SH   SOLE   1,426,517 0 0
RTI SURGICAL INC COM 74975N105 1,670 407,370 SH   SOLE   407,370 0 0
SIFCO INDS INC COM 826546103 1,202 180,727 SH   SOLE   180,727 0 0
SILICON MOTION TECHNOLOGY CO SPONSORED ADR 82706C108 1,377 26,000 SH   SOLE   26,000 0 0
SPDR SERIES TRUST S&P REGL BKG 78464A698 4,839 82,223 SH   SOLE   82,223 0 0
STERLING CONSTRUCTION CO INC COM 859241101 18,316 1,125,038 SH   SOLE   1,125,038 0 0
SYNALLOY CP DEL COM 871565107 3,317 247,502 SH   SOLE   247,502 0 0
TEAM INC COM 878155100 5,934 398,276 SH   SOLE   398,276 0 0
TESSCO TECHNOLOGIES INC COM 872386107 3,791 188,129 SH   SOLE   188,129 0 0
TRECORA RES COM 894648104 1,549 114,770 SH   SOLE   114,770 0 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 4,455 873,594 SH   SOLE   873,594 0 0
UNIVERSAL STAINLESS & ALLOY COM 913837100 3,222 150,402 SH   SOLE   150,402 0 0
UNIVERSAL TECHNICAL INST INC COM 913915104 1,642 684,012 SH   SOLE   684,012 0 0
WAYSIDE TECHNOLOGY GROUP INC COM 946760105 818 48,956 SH   SOLE   48,956 0 0
WILLBROS GROUP INC DEL COM 969203108 395 277,900 SH   SOLE   277,900 0 0