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
LGL GROUP INC W EXP 08/06/2018 50186A116 23 290,095 SH   SOLE 1 38,100 0 251,995
AMERICAN CAP LTD COM 02503Y103 419 26,800 SH   SOLE 1 0 0 26,800
ACME UTD CORP COM 004816104 4,369 293,234 SH   SOLE 1 71,776 0 221,458
AEGION CORP COM 00770F104 14,297 653,107 SH   SOLE 1 87,750 0 565,357
FEDERAL AGRIC MTG CORP CL C 313148306 31,205 911,090 SH   SOLE 1 108,263 0 802,827
ARLINGTON ASSET INVT CORP CL A NEW 041356205 273 10,348 SH   SOLE 1 0 0 10,348
ANDERSONS INC COM 034164103 6,401 71,788 SH   SOLE 1 0 0 71,788
ARI NETWORK SVCS INC COM NEW 001930205 2,167 666,667 SH   SOLE 1 666,667 0 0
ASTA FDG INC COM 046220109 2,370 281,483 SH   SOLE 1 77,469 0 204,014
ATLANTIC TELE NETWORK INC COM NEW 049079205 9,761 172,543 SH   SOLE 1 700 0 171,843
AMERICAN WTR WKS CO INC NEW COM 030420103 32,767 775,355 SH   SOLE 1 154,600 0 620,755
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 4,830 101,532 SH   SOLE 1 0 0 101,532
BBCN BANCORP INC COM 073295107 3,509 211,540 SH   SOLE 1 140,089 0 71,451
BANK COMM HLDGS COM 06424J103 1,569 274,700 SH   SOLE 1 220,000 0 54,700
BOFI HLDG INC COM 05566U108 5,328 67,929 SH   SOLE 1 52,344 0 15,585
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 540 4,554 SH   SOLE 1 200 0 4,354
CHICAGO BRIDGE & IRON CO N V COM 167250109 262 3,150 SH   SOLE 1 0 0 3,150
CENTRAL GARDEN & PET CO COM 153527106 1,372 199,779 SH   SOLE 1 14,100 0 185,679
CHINDEX INTERNATIONAL INC COM 169467107 5,800 332,764 SH   SOLE 1 116,157 0 216,607
CHINA HOUSING & LAND DEV INC COM 16939V103 32 13,581 SH   SOLE 1 9,020 0 4,561
CHINA FD INC COM 169373107 3,410 163,869 SH   SOLE 1 439 0 163,430
CHINA CORD BLOOD CORP SHS G21107100 789 196,830 SH   SOLE 1 0 0 196,830
CHINA PHARMA HLDGS INC COM 16941T104 511 1,480,434 SH   SOLE 1 772,900 0 707,534
CRAWFORD & CO CL A 224633206 11,085 1,441,448 SH   SOLE 1 160,154 0 1,281,294
AMERICAS CAR MART INC COM 03062T105 1,965 46,532 SH   SOLE 1 7,600 0 38,932
CISCO SYS INC COM 17275R102 244 10,900 SH   SOLE 1 500 0 10,400
CASH AMER INTL INC COM 14754D100 13,737 358,659 SH   SOLE 1 29,450 0 329,209
CENTURYLINK INC COM 156700106 2,126 66,740 SH   SOLE 1 7,800 0 58,940
CVS CAREMARK CORPORATION COM 126650100 390 5,450 SH   SOLE 1 0 0 5,450
CPI AEROSTRUCTURES INC COM NEW 125919308 323 21,500 SH   SOLE 1 0 0 21,500
DISCOVER FINL SVCS COM 254709108 2,369 42,342 SH   SOLE 1 0 0 42,342
DEVRY ED GROUP INC COM 251893103 8,956 252,277 SH   SOLE 1 56,200 0 196,077
DESTINATION XL GROUP INC COM 25065K104 4,246 649,207 SH   SOLE 1 48,300 0 600,907
US ECOLOGY INC COM 91732J102 323 8,700 SH   SOLE 1 0 0 8,700
EXCEED COMPANY LTD SHS G32335104 1,177 713,415 SH   SOLE 1 206,750 0 506,665
EDUCATIONAL DEV CORP COM 281479105 179 58,292 SH   SOLE 1 58,292 0 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 12,178 207,561 SH   SOLE 1 4,300 0 203,261
ESSEX RENT CORP COM 297187106 3,396 1,038,522 SH   SOLE 1 0 0 1,038,522
EAST WEST BANCORP INC COM 27579R104 16,898 483,222 SH   SOLE 1 33,500 0 449,722
FARMERS CAP BK CORP COM 309562106 1,052 48,365 SH   SOLE 1 48,365 0 0
FARMERS NATL BANC CORP COM 309627107 2,354 359,457 SH   SOLE 1 31,300 0 328,157
FLEXIBLE SOLUTIONS INTL INC COM 33938T104 50 52,250 SH   SOLE 1 7,400 0 44,850
FMC TECHNOLOGIES INC COM 30249U101 248 4,750 SH   SOLE 1 0 0 4,750
GIANT INTERACTIVE GROUP INC ADR 374511103 5,143 457,533 SH   SOLE 1 21,100 0 436,433
LE GAGA HLDGS LTD SPONSORED ADR 521168104 3,187 986,589 SH   SOLE 1 214,610 0 771,979
STEALTHGAS INC SHS Y81669106 6,515 639,312 SH   SOLE 1 0 0 639,312
ABERDEEN GTR CHINA FD INC COM 003031101 1,646 161,502 SH   SOLE 1 0 0 161,502
GENERAL ELECTRIC CO COM 369604103 3,170 113,097 SH   SOLE 1 0 0 113,097
GENERAL FIN CORP DEL COM 369822101 279 46,241 SH   SOLE 1 45,291 0 950
GATX CORP COM 361448103 600 11,510 SH   SOLE 1 0 0 11,510
GENWORTH FINL INC COM CL A 37247D106 15,456 995,252 SH   SOLE 1 22,600 0 972,652
GP STRATEGIES CORP COM 36225V104 361 12,131 SH   SOLE 1 0 0 12,131
GENESEE & WYO INC CL A 371559105 485 5,050 SH   SOLE 1 0 0 5,050
HANMI FINL CORP COM NEW 410495204 518 23,645 SH   SOLE 1 0 0 23,645
HEALTHCARE SVCS GRP INC COM 421906108 465 16,395 SH   SOLE 1 645 0 15,750
HELEN OF TROY CORP LTD COM G4388N106 4,079 82,609 SH   SOLE 1 0 0 82,609
HOPFED BANCORP INC COM 439734104 1,552 136,242 SH   SOLE 1 40,132 0 96,110
HONEYWELL INTL INC COM 438516106 375 4,100 SH   SOLE 1 0 0 4,100
HORNBECK OFFSHORE SVCS INC N COM 440543106 322 6,550 SH   SOLE 1 0 0 6,550
HUMANA INC COM 444859102 2,165 20,978 SH   SOLE 1 0 0 20,978
IMAX CORP COM 45245E109 5,348 181,397 SH   SOLE 1 86,300 0 95,097
INTEST CORP COM 461147100 1,979 520,741 SH   SOLE 1 47,900 0 472,841
INNOSPEC INC COM 45768S105 20,920 452,626 SH   SOLE 1 71,200 0 381,426
NEW IRELAND FUND INC COM 645673104 299 23,304 SH   SOLE 1 10,100 0 13,204
JAPAN EQUITY FD INC COM 471057109 1,153 164,951 SH   SOLE 1 5,212 0 159,739
JOHNSON & JOHNSON COM 478160104 417 4,550 SH   SOLE 1 0 0 4,550
JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 4,224 460,659 SH   SOLE 1 26,910 0 433,749
JINPAN INTL LTD ORD G5138L100 12,359 1,433,701 SH   SOLE 1 190,442 0 1,243,259
KOREA EQUITY FD INC COM 50063B104 195 23,397 SH   SOLE 1 0 0 23,397
KIRBY CORP COM 497266106 308 3,100 SH   SOLE 1 0 0 3,100
KOREA FD COM NEW 500634209 292 7,068 SH   SOLE 1 0 0 7,068
KRATON PERFORMANCE POLYMERS COM 50077C106 3,090 134,039 SH   SOLE 1 0 0 134,039
LGL GROUP INC COM 50186A108 314 58,019 SH   SOLE 1 7,620 0 50,399
LIQTECH INTL INC COM 53632A102 31 13,900 SH   SOLE 1 0 0 13,900
LIMONEIRA CO COM 532746104 2,134 80,272 SH   SOLE 1 23,017 0 57,255
LSB INDS INC COM 502160104 14,237 347,076 SH   SOLE 1 65,146 0 281,930
MCG CAPITAL CORP COM 58047P107 2,728 619,984 SH   SOLE 1 1,142 0 618,842
MCDERMOTT INTL INC COM 580037109 329 35,950 SH   SOLE 1 0 0 35,950
MDU RES GROUP INC COM 552690109 4,350 142,402 SH   SOLE 1 30,150 0 112,252
METHANEX CORP COM 59151K108 1,555 26,242 SH   SOLE 1 0 0 26,242
MICROFINANCIAL INC COM 595072109 624 72,950 SH   SOLE 1 0 0 72,950
MFRI INC COM 552721102 4,578 319,038 SH   SOLE 1 46,882 0 272,156
MOBILE MINI INC COM 60740F105 15,396 373,872 SH   SOLE 1 8,800 0 365,072
MILLER INDS INC TENN COM NEW 600551204 838 45,005 SH   SOLE 1 0 0 45,005
MANITEX INTL INC COM 563420108 14,711 926,379 SH   SOLE 1 301,970 0 624,409
MARATHON PETE CORP COM 56585A102 401 4,375 SH   SOLE 1 0 0 4,375
MICROSOFT CORP COM 594918104 455 12,150 SH   SOLE 1 0 0 12,150
MATRIX SVC CO COM 576853105 15,928 651,965 SH   SOLE 1 12,600 0 639,365
NATURES SUNSHINE PRODUCTS IN COM 639027101 23,503 1,356,960 SH   SOLE 1 245,632 0 1,111,328
NORTHERN TECH INTL CORP COM 665809109 904 48,718 SH   SOLE 1 0 0 48,718
NUTRACEUTICAL INTL CORP COM 67060Y101 6,816 254,505 SH   SOLE 1 9,697 0 244,808
NV5 HLDGS INC COM 62945V109 5,986 735,366 SH   SOLE 1 16,600 0 718,766
NATIONAL WESTN LIFE INS CO CL A 638522102 9,766 43,685 SH   SOLE 1 3,001 0 40,684
OWENS ILL INC COM NEW 690768403 23,813 665,543 SH   SOLE 1 16,400 0 649,143
PRO-DEX INC COLO COM NEW 74265M205 453 186,412 SH   SOLE 1 666 0 185,746
PFIZER INC COM 717081103 5,801 189,402 SH   SOLE 1 680 0 188,722
EPLUS INC COM 294268107 2,314 40,709 SH   SOLE 1 0 0 40,709
PRGX GLOBAL INC COM NEW 69357C503 4,720 702,334 SH   SOLE 1 106,318 0 596,016
RENT A CTR INC NEW COM 76009N100 25,534 765,881 SH   SOLE 1 126,401 0 639,480
RENAISSANCERE HOLDINGS LTD COM G7496G103 3,922 40,289 SH   SOLE 1 0 0 40,289
RRSAT GLOBAL COMM NTWRK LTD SHS M8183P102 1,437 171,031 SH   SOLE 1 17,688 0 153,343
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 23,972 2,113,899 SH   SOLE 1 356,232 0 1,757,667
SERVICE CORP INTL COM 817565104 11,113 612,954 SH   SOLE 1 33,226 0 579,728
SPECTRA ENERGY CORP COM 847560109 659 18,504 SH   SOLE 1 250 0 18,254
ABERDEEN SINGAPORE FD INC COM 003244100 440 34,484 SH   SOLE 1 10,849 0 23,635
INVENTURE FOODS INC COM 461212102 13,344 1,006,355 SH   SOLE 1 290,726 0 715,629
SPAN AMER MED SYS INC COM 846396109 1,051 50,446 SH   SOLE 1 40,108 0 10,338
SUPERCOM LTD NEW SHS NEW M87095119 139 30,000 SH   SOLE 1 30,000 0 0
ST JUDE MED INC COM 790849103 245 3,950 SH   SOLE 1 0 0 3,950
SUTRON CORP COM 869380105 605 117,669 SH   SOLE 1 0 0 117,669
SEAGATE TECHNOLOGY PLC SHS G7945M107 11,985 213,415 SH   SOLE 1 500 0 212,915
TOP IMAGE SYSTEMS LTD ORD M87896102 180 29,822 SH   SOLE 1 29,822 0 0
TITAN MACHY INC COM 88830R101 5,141 288,503 SH   SOLE 1 5,600 0 282,903
TOR MINERALS INTL INC COM NEW 890878309 1,039 104,511 SH   SOLE 1 104,511 0 0
TRAVELERS COMPANIES INC COM 89417E109 9,259 102,269 SH   SOLE 1 3,596 0 98,673
TETRA TECH INC NEW COM 88162G103 8,977 320,821 SH   SOLE 1 51,000 0 269,821
TUPPERWARE BRANDS CORP COM 899896104 28,807 304,740 SH   SOLE 1 46,450 0 258,290
USA TECHNOLOGIES INC COM NO PAR 90328S500 212 117,200 SH   SOLE 1 58,000 0 59,200
UNITIL CORP COM 913259107 1,688 55,350 SH   SOLE 1 0 0 55,350
VIMPELCOM LTD SPONSORED ADR 92719A106 133 10,300 SH   SOLE 1 10,300 0 0
WILSHIRE BANCORP INC COM 97186T108 21,460 1,963,411 SH   SOLE 1 652,155 0 1,311,256
EXXON MOBIL CORP COM 30231G102 497 4,916 SH   SOLE 1 0 0 4,916
HORSEHEAD HLDG CORP COM 440694305 2,597 160,217 SH   SOLE 1 0 0 160,217
CHINA ZENIX AUTO INTL LTD ADS 16951E104 77 29,800 SH   SOLE 1 0 0 29,800