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
ALCOA INC COM 013817101 114 14,000 SH   SOLE 1 2,000 0 12,000
AMERICAN CAP LTD COM 02503Y103 374 27,200 SH   SOLE 1 0 0 27,200
LGL GROUP INC W EXP 08/06/2018 50186A116 23 290,095 SH   SOLE 1 38,100 0 251,995
ACME UTD CORP COM 004816104 4,438 294,129 SH   SOLE 1 71,776 0 222,353
AEGION CORP COM 00770F104 15,292 644,698 SH   SOLE 1 87,750 0 556,948
FEDERAL AGRIC MTG CORP CL C 313148306 30,606 916,898 SH   SOLE 1 108,263 0 808,635
ARLINGTON ASSET INVT CORP CL A NEW 041356205 260 10,924 SH   SOLE 1 0 0 10,924
ANDERSONS INC COM 034164103 5,068 72,510 SH   SOLE 1 0 0 72,510
ANADARKO PETE CORP COM 032511107 209 2,250 SH   SOLE 1 0 0 2,250
ASTA FDG INC COM 046220109 3,945 443,768 SH   SOLE 1 77,469 0 366,299
ATLANTIC TELE NETWORK INC COM NEW 049079205 11,520 220,981 SH   SOLE 1 700 0 220,281
AMERICAN WTR WKS CO INC NEW COM 030420103 32,249 781,220 SH   SOLE 1 154,600 0 626,620
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 4,451 102,781 SH   SOLE 1 0 0 102,781
BBCN BANCORP INC COM 073295107 2,917 212,158 SH   SOLE 1 140,089 0 72,069
BANK COMM HLDGS COM 06424J103 1,637 285,124 SH   SOLE 1 220,000 0 65,124
BOFI HLDG INC COM 05566U108 4,972 76,714 SH   SOLE 1 57,344 0 19,370
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 517 4,554 SH   SOLE 1 200 0 4,354
CHICAGO BRIDGE & IRON CO N V COM 167250109 213 3,150 SH   SOLE 1 0 0 3,150
CENTRAL GARDEN & PET CO COM 153527106 1,424 202,254 SH   SOLE 1 14,100 0 188,154
CHINDEX INTERNATIONAL INC COM 169467107 5,678 333,199 SH   SOLE 1 116,157 0 217,042
CHINA HOUSING & LAND DEV INC COM 16939V103 30 13,581 SH   SOLE 1 9,020 0 4,561
CHINA FD INC COM 169373107 3,476 160,115 SH   SOLE 1 439 0 159,676
CHINA CORD BLOOD CORP SHS G21107100 748 196,830 SH   SOLE 1 0 0 196,830
CHINA PHARMA HLDGS INC COM 16941T104 432 1,542,621 SH   SOLE 1 772,900 0 769,721
CRAWFORD & CO CL A 224633206 10,667 1,453,252 SH   SOLE 1 160,154 0 1,293,098
AMERICAS CAR MART INC COM 03062T105 2,054 45,533 SH   SOLE 1 7,600 0 37,933
CISCO SYS INC COM 17275R102 201 8,600 SH   SOLE 1 500 0 8,100
CASH AMER INTL INC COM 14754D100 16,012 353,621 SH   SOLE 1 29,450 0 324,171
CARRIAGE SVCS INC COM 143905107 5,272 271,730 SH   SOLE 1 94,199 0 177,531
CENTURYLINK INC COM 156700106 2,034 64,818 SH   SOLE 1 7,800 0 57,018
CVS CAREMARK CORPORATION COM 126650100 309 5,450 SH   SOLE 1 0 0 5,450
DISCOVER FINL SVCS COM 254709108 2,206 43,642 SH   SOLE 1 0 0 43,642
DEVRY INC DEL COM 251893103 8,200 268,309 SH   SOLE 1 56,200 0 212,109
DESTINATION XL GROUP INC COM 25065K104 4,230 653,826 SH   SOLE 1 48,300 0 605,526
US ECOLOGY INC COM 91732J102 262 8,700 SH   SOLE 1 0 0 8,700
EXCEED COMPANY LTD SHS G32335104 1,112 746,382 SH   SOLE 1 206,750 0 539,632
EDUCATIONAL DEV CORP COM 281479105 157 58,292 SH   SOLE 1 58,292 0 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 11,198 208,453 SH   SOLE 1 4,300 0 204,153
ESSEX RENT CORP COM 297187106 2,009 589,175 SH   SOLE 1 0 0 589,175
EAST WEST BANCORP INC COM 27579R104 15,621 488,930 SH   SOLE 1 33,500 0 455,430
FARMERS CAP BK CORP COM 309562106 1,057 48,365 SH   SOLE 1 48,365 0 0
FARMERS NATL BANC CORP COM 309627107 2,285 362,105 SH   SOLE 1 31,300 0 330,805
FEDERATED NATL HLDG CO COM 31422T101 333 34,967 SH   SOLE 1 0 0 34,967
FLEXIBLE SOLUTIONS INTL INC COM 33938T104 40 35,550 SH   SOLE 1 0 0 35,550
FMC TECHNOLOGIES INC COM 30249U101 263 4,750 SH   SOLE 1 0 0 4,750
GIANT INTERACTIVE GROUP INC ADR 374511103 4,189 459,283 SH   SOLE 1 21,100 0 438,183
LE GAGA HLDGS LTD SPONSORED ADR 521168104 3,545 992,969 SH   SOLE 1 214,610 0 778,359
STEALTHGAS INC SHS Y81669106 5,856 640,662 SH   SOLE 1 0 0 640,662
GREATER CHINA FD INC COM 39167B102 1,029 90,309 SH   SOLE 1 0 0 90,309
GENERAL ELECTRIC CO COM 369604103 2,988 125,059 SH   SOLE 1 0 0 125,059
GENERAL FIN CORP DEL COM 369822101 243 45,291 SH   SOLE 1 45,291 0 0
GATX CORP COM 361448103 547 11,510 SH   SOLE 1 0 0 11,510
GENWORTH FINL INC COM CL A 37247D106 12,820 1,001,550 SH   SOLE 1 22,600 0 978,950
GP STRATEGIES CORP COM 36225V104 318 12,131 SH   SOLE 1 0 0 12,131
GENESEE & WYO INC CL A 371559105 469 5,050 SH   SOLE 1 0 0 5,050
HANMI FINL CORP COM NEW 410495204 392 23,645 SH   SOLE 1 0 0 23,645
HEALTHCARE SVCS GRP INC COM 421906108 422 16,395 SH   SOLE 1 645 0 15,750
HELEN OF TROY CORP LTD COM G4388N106 3,702 83,657 SH   SOLE 1 0 0 83,657
HOPFED BANCORP INC COM 439734104 1,526 136,350 SH   SOLE 1 40,132 0 96,218
HONEYWELL INTL INC COM 438516106 340 4,100 SH   SOLE 1 0 0 4,100
HORNBECK OFFSHORE SVCS INC N COM 440543106 348 6,050 SH   SOLE 1 0 0 6,050
HUMANA INC COM 444859102 1,958 20,978 SH   SOLE 1 0 0 20,978
IMAX CORP COM 45245E109 14,908 492,977 SH   SOLE 1 106,300 0 386,677
INTEST CORP COM 461147100 2,069 522,541 SH   SOLE 1 47,900 0 474,641
INNOSPEC INC COM 45768S105 21,261 455,663 SH   SOLE 1 71,200 0 384,463
NEW IRELAND FUND INC COM 645673104 275 23,304 SH   SOLE 1 10,100 0 13,204
JAPAN EQUITY FD INC COM 471057109 1,145 167,351 SH   SOLE 1 5,212 0 162,139
JOHNSON & JOHNSON COM 478160104 394 4,550 SH   SOLE 1 0 0 4,550
JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 4,260 468,644 SH   SOLE 1 26,910 0 441,734
JINPAN INTL LTD ORD G5138L100 10,398 1,434,270 SH   SOLE 1 190,442 0 1,243,828
KOREA EQUITY FD INC COM 50063B104 204 23,397 SH   SOLE 1 0 0 23,397
KIRBY CORP COM 497266106 268 3,100 SH   SOLE 1 0 0 3,100
KOREA FD COM NEW 500634209 275 7,068 SH   SOLE 1 0 0 7,068
KRATON PERFORMANCE POLYMERS COM 50077C106 2,661 135,825 SH   SOLE 1 0 0 135,825
LGL GROUP INC COM 50186A108 348 58,019 SH   SOLE 1 7,620 0 50,399
LIMONEIRA CO COM 532746104 2,061 80,272 SH   SOLE 1 23,017 0 57,255
LSB INDS INC COM 502160104 11,610 346,255 SH   SOLE 1 65,146 0 281,109
MCG CAPITAL CORP COM 58047P107 1,773 351,743 SH   SOLE 1 1,142 0 350,601
MDU RES GROUP INC COM 552690109 4,616 165,045 SH   SOLE 1 30,150 0 134,895
METHANEX CORP COM 59151K108 4,173 81,395 SH   SOLE 1 20,000 0 61,395
MICROFINANCIAL INC COM 595072109 593 75,250 SH   SOLE 1 0 0 75,250
MFRI INC COM 552721102 3,671 321,453 SH   SOLE 1 46,882 0 274,571
MOBILE MINI INC COM 60740F105 16,951 497,671 SH   SOLE 1 8,800 0 488,871
MILLER INDS INC TENN COM NEW 600551204 770 45,353 SH   SOLE 1 0 0 45,353
MANITEX INTL INC COM 563420108 10,140 927,754 SH   SOLE 1 301,970 0 625,784
MARATHON PETE CORP COM 56585A102 281 4,375 SH   SOLE 1 0 0 4,375
MICROSOFT CORP COM 594918104 404 12,150 SH   SOLE 1 0 0 12,150
MATRIX SVC CO COM 576853105 12,869 655,929 SH   SOLE 1 12,600 0 643,329
NATURES SUNSHINE PRODUCTS IN COM 639027101 25,978 1,366,548 SH   SOLE 1 245,632 0 1,120,916
NORTHERN TECH INTL CORP COM 665809109 828 48,718 SH   SOLE 1 0 0 48,718
NUTRACEUTICAL INTL CORP COM 67060Y101 6,115 257,580 SH   SOLE 1 9,697 0 247,883
NATIONAL WESTN LIFE INS CO CL A 638522102 8,875 43,984 SH   SOLE 1 3,001 0 40,983
OWENS ILL INC COM NEW 690768403 20,726 690,421 SH   SOLE 1 16,400 0 674,021
PRO-DEX INC COLO COM NEW 74265M205 390 195,213 SH   SOLE 1 666 0 194,547
PFIZER INC COM 717081103 6,372 221,792 SH   SOLE 1 680 0 221,112
EPLUS INC COM 294268107 2,148 41,559 SH   SOLE 1 0 0 41,559
PRGX GLOBAL INC COM NEW 69357C503 2,794 446,398 SH   SOLE 1 106,318 0 340,080
RENT A CTR INC NEW COM 76009N100 29,439 772,486 SH   SOLE 1 126,401 0 646,085
RENAISSANCERE HOLDINGS LTD COM G7496G103 3,594 39,699 SH   SOLE 1 0 0 39,699
RRSAT GLOBAL COMM NTWRK LTD SHS M8183P102 1,297 169,999 SH   SOLE 1 17,688 0 152,311
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 21,171 2,125,558 SH   SOLE 1 356,232 0 1,769,326
SERVICE CORP INTL COM 817565104 11,391 611,779 SH   SOLE 1 33,226 0 578,553
SPECTRA ENERGY CORP COM 847560109 625 18,250 SH   SOLE 1 250 0 18,000
INVENTURE FOODS INC COM 461212102 10,811 1,029,617 SH   SOLE 1 290,726 0 738,891
SPAN AMER MED SYS INC COM 846396109 1,271 59,096 SH   SOLE 1 48,108 0 10,988
ST JUDE MED INC COM 790849103 212 3,950 SH   SOLE 1 0 0 3,950
SUTRON CORP COM 869380105 593 118,669 SH   SOLE 1 0 0 118,669
SEAGATE TECHNOLOGY PLC SHS G7945M107 9,336 213,356 SH   SOLE 1 500 0 212,856
TOP IMAGE SYSTEMS LTD ORD M87896102 98 29,822 SH   SOLE 1 29,822 0 0
TITAN MACHY INC COM 88830R101 4,677 291,010 SH   SOLE 1 5,600 0 285,410
TOR MINERALS INTL INC COM NEW 890878309 1,218 104,511 SH   SOLE 1 104,511 0 0
TRAVELERS COMPANIES INC COM 89417E109 8,624 101,731 SH   SOLE 1 3,596 0 98,135
TETRA TECH INC NEW COM 88162G103 5,002 193,187 SH   SOLE 1 25,400 0 167,787
TUPPERWARE BRANDS CORP COM 899896104 26,761 309,845 SH   SOLE 1 46,450 0 263,395
UNIVERSAL POWER GROUP INC COM 913788105 143 79,051 SH   SOLE 1 0 0 79,051
UNITIL CORP COM 913259107 1,638 55,950 SH   SOLE 1 0 0 55,950
VIMPELCOM LTD SPONSORED ADR 92719A106 121 10,300 SH   SOLE 1 10,300 0 0
WILSHIRE BANCORP INC COM 97186T108 16,136 1,975,015 SH   SOLE 1 652,155 0 1,322,860
WINDSTREAM HLDGS INC COM 97382A101 4,752 594,797 SH   SOLE 1 171,759 0 423,038
EXXON MOBIL CORP COM 30231G102 423 4,916 SH   SOLE 1 0 0 4,916
HORSEHEAD HLDG CORP COM 440694305 125 10,000 SH   SOLE 1 0 0 10,000
CHINA ZENIX AUTO INTL LTD ADS 16951E104 110 29,800 SH   SOLE 1 0 0 29,800
SINGAPORE FD INC COM 82929L109 450 34,360 SH   SOLE 1 10,668 0 23,692