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
ADTALEM GLOBAL ED INC COM 00737L103 2,687 56,498 SH   SOLE   0 0 56,498
CUSTOMERS BANCORP INC COM 23204G100 9,974 342,157 SH   SOLE   10,000 0 332,157
ENOVA INTL INC COM 29357K103 7,686 348,561 SH   SOLE   26,946 0 321,615
FIRSTCASH INC COM 33767D105 11,326 139,400 SH   SOLE   24,738 0 114,662
ISHARES US ETF TR SHT MAT BD ETF 46431W507 1,329 26,486 SH   SOLE   0 0 26,486
VANECK VECTORS ETF TR PFD SECS EX FINL 92189F429 380 19,786 SH   SOLE   0 0 19,786
UNIQUE FABRICATING INC COM 90915J103 1,443 171,000 SH   SOLE   113,325 0 57,675
VOLT INFORMATION SCIENCES IN COM 928703107 2,126 697,133 SH   SOLE   45,346 0 651,787
AEGION CORP COM 00770F104 8,043 351,060 SH   SOLE   79,750 0 271,310
ANDERSONS INC COM 034164103 3,859 116,596 SH   SOLE   0 0 116,596
APPLIANCE RECYCLING CTRS AME COM NEW 03814F205 12 15,000 SH   SOLE   15,000 0 0
ASV HLDGS INC COM 00215L104 3,781 520,810 SH   SOLE   100,000 0 420,810
BANK COMM HLDGS COM 06424J103 916 78,650 SH   SOLE   65,000 0 13,650
BALDWIN & LYONS INC CL B 057755209 4,261 193,679 SH   SOLE   0 0 193,679
CAMTEK LTD ORD M20791105 2,684 397,690 SH   SOLE   41,000 0 356,690
CHEROKEE INC DEL NEW COM 16444H102 117 90,000 SH   SOLE   90,000 0 0
AMERICAS CAR MART INC COM 03062T105 699 13,858 SH   SOLE   7,600 0 6,258
CISCO SYS INC COM 17275R102 411 9,591 SH   SOLE   500 0 9,091
COMPUTER TASK GROUP INC COM 205477102 698 85,285 SH   SOLE   0 0 85,285
CUI GLOBAL INC COM NEW 126576206 1,390 534,725 SH   SOLE   0 0 534,725
ISHARES TR SELECT DIVID ETF 464287168 233 2,450 SH   SOLE   0 0 2,450
DAWSON GEOPHYSICAL CO NEW COM 239360100 3,588 532,361 SH   SOLE   0 0 532,361
DESTINATION XL GROUP INC COM 25065K104 1,031 589,232 SH   SOLE   207,536 0 381,696
EDUCATIONAL DEV CORP COM 281479105 963 38,292 SH   SOLE   38,292 0 0
EAST WEST BANCORP INC COM 27579R104 11,568 184,972 SH   SOLE   29,450 0 155,522
EZCORP INC CL A NON VTG 302301106 9,784 741,230 SH   SOLE   142,475 0 598,755
FOSTER L B CO COM 350060109 3,396 144,200 SH   SOLE   0 0 144,200
STEALTHGAS INC SHS Y81669106 1,788 443,668 SH   SOLE   50,000 0 393,668
GENERAL FIN CORP DEL COM 369822101 328 45,291 SH   SOLE   45,291 0 0
HANMI FINL CORP COM NEW 410495204 301 9,774 SH   SOLE   0 0 9,774
HARDINGE INC COM 412324303 5,927 323,547 SH   SOLE   55,357 0 268,190
HOPE BANCORP INC COM 43940T109 8,113 446,034 SH   SOLE   79,801 0 366,233
INSTEEL INDUSTRIES INC COM 45774W108 1,009 36,522 SH   SOLE   0 0 36,522
FIRST INTERNET BANCORP COM 320557101 737 19,929 SH   SOLE   0 0 19,929
INNOSPEC INC COM 45768S105 11,436 166,706 SH   SOLE   22,200 0 144,506
KIRKLANDS INC COM 497498105 635 65,545 SH   SOLE   0 0 65,545
LAKELAND INDS INC COM 511795106 1,651 127,490 SH   SOLE   0 0 127,490
LIMONEIRA CO COM 532746104 3,355 141,387 SH   SOLE   23,017 0 118,370
LANDSTAR SYS INC COM 515098101 263 2,400 SH   SOLE   0 0 2,400
LUNA INNOVATIONS COM 550351100 1,396 430,821 SH   SOLE   359,796 0 71,025
MITCHAM INDS INC COM 606501104 1,105 341,174 SH   SOLE   0 0 341,174
MOBILE MINI INC COM 60740F105 7,330 168,501 SH   SOLE   0 0 168,501
MIND C T I LTD ORD M70240102 85 38,568 SH   SOLE   38,568 0 0
MANITEX INTL INC COM 563420108 5,891 515,414 SH   SOLE   279,820 0 235,594
MICROSOFT CORP COM 594918104 397 4,350 SH   SOLE   0 0 4,350
MATRIX SVC CO COM 576853105 5,028 367,007 SH   SOLE   12,600 0 354,407
NATURES SUNSHINE PRODUCTS IN COM 639027101 7,411 673,696 SH   SOLE   176,557 0 497,139
NORTHERN TECH INTL CORP COM 665809109 660 29,064 SH   SOLE   0 0 29,064
NV5 GLOBAL INC COM 62945V109 14,009 251,283 SH   SOLE   16,600 0 234,683
NATIONAL WESTN LIFE GROUP IN CL A 638517102 5,583 18,313 SH   SOLE   3,001 0 15,312
NORTHWEST PIPE CO COM 667746101 3,878 224,156 SH   SOLE   0 0 224,156
PRO-DEX INC COLO COM NEW 74265M205 96 14,000 SH   SOLE   14,000 0 0
ISHARES TR S&P US PFD STK 464288687 456 12,143 SH   SOLE   0 0 12,143
EPLUS INC COM 294268107 3,401 43,770 SH   SOLE   0 0 43,770
POINTER TELOCATION LTD SHS M7946T104 194 13,300 SH   SOLE   13,300 0 0
PERMA PIPE INTL HLDGS INC COM 714167103 1,977 217,203 SH   SOLE   46,882 0 170,321
PIONEER PWR SOLUTIONS INC COM NEW 723836300 1,922 291,160 SH   SOLE   75,000 0 216,160
PRGX GLOBAL INC COM NEW 69357C503 3,621 383,167 SH   SOLE   106,318 0 276,849
RENT A CTR INC NEW COM 76009N100 1,941 224,861 SH   SOLE   400 0 224,461
SAEXPLORATION HLDGS INC COM NEW 78636X204 135 99,710 SH   SOLE   0 0 99,710
SALEM MEDIA GROUP INC CL A 794093104 1,448 402,185 SH   SOLE   5,000 0 397,185
SILICOM LTD ORD M84116108 2,334 67,831 SH   SOLE   3,000 0 64,831
SUPERCOM LTD NEW SHS NEW M87095119 632 231,619 SH   SOLE   0 0 231,619
STERLING CONSTRUCTION CO INC COM 859241101 722 63,000 SH   SOLE   63,000 0 0
SYNALLOY CP DEL COM 871565107 889 60,889 SH   SOLE   0 0 60,889
TRINITY BIOTECH PLC SPON ADR NEW 896438306 5,155 1,000,874 SH   SOLE   0 0 1,000,874
TETRA TECH INC NEW COM 88162G103 11,487 234,663 SH   SOLE   51,000 0 183,663
VEON LTD SPONSORED ADR 91822M106 35 13,300 SH   SOLE   13,300 0 0
VOXX INTL CORP CL A 91829F104 677 136,674 SH   SOLE   0 0 136,674
CERAGON NETWORKS LTD ORD M22013102 2,105 782,365 SH   SOLE   359,550 0 422,815
FIRST ACCEPTANCE CORP COM 318457108 315 370,000 SH   SOLE   350,000 0 20,000
ABBOTT LABS COM 002824100 320 5,340 SH   SOLE   0 0 5,340
ACME UTD CORP COM 004816104 2,061 98,875 SH   SOLE   29,000 0 69,875
FEDERAL AGRIC MTG CORP CL C 313148306 8,873 101,969 SH   SOLE   15,505 0 86,464
AMERICAN WTR WKS CO INC NEW COM 030420103 5,711 69,540 SH   SOLE   11,300 0 58,240
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 3,335 57,934 SH   SOLE   0 0 57,934
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 642 3,219 SH   SOLE   200 0 3,019
CHINA FD INC COM 169373107 1,481 66,885 SH   SOLE   439 0 66,446
CRAWFORD & CO CL A 224633206 6,235 777,461 SH   SOLE   160,154 0 617,307
CVS HEALTH CORP COM 126650100 289 4,650 SH   SOLE   0 0 4,650
CPI AEROSTRUCTURES INC COM NEW 125919308 146 14,950 SH   SOLE   0 0 14,950
CHEVRON CORP NEW COM 166764100 295 2,590 SH   SOLE   0 0 2,590
DISCOVER FINL SVCS COM 254709108 1,092 15,175 SH   SOLE   0 0 15,175
QUEST DIAGNOSTICS INC COM 74834L100 246 2,450 SH   SOLE   0 0 2,450
COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 138 17,500 SH   SOLE   17,500 0 0
ENBRIDGE INC COM 29250N105 406 12,890 SH   SOLE   246 0 12,644
ABERDEEN GTR CHINA FD INC COM 003031101 694 51,455 SH   SOLE   0 0 51,455
GENERAL ELECTRIC CO COM 369604103 1,338 99,294 SH   SOLE   0 0 99,294
GENWORTH FINL INC COM CL A 37247D106 2,218 783,703 SH   SOLE   0 0 783,703
GP STRATEGIES CORP COM 36225V104 207 9,120 SH   SOLE   0 0 9,120
HUNTSMAN CORP COM 447011107 12,727 435,105 SH   SOLE   0 0 435,105
ISHARES TR U.S. MED DVC ETF 464288810 407 2,200 SH   SOLE   0 0 2,200
ISHARES TR CORE S&P MCP ETF 464287507 797 4,250 SH   SOLE   0 0 4,250
ISHARES TR CORE S&P SCP ETF 464287804 331 4,300 SH   SOLE   0 0 4,300
ISHARES TR CORE S&P500 ETF 464287200 955 3,600 SH   SOLE   0 0 3,600
JACOBS ENGR GROUP INC DEL COM 469814107 13,793 233,180 SH   SOLE   43,510 0 189,670
JOHNSON & JOHNSON COM 478160104 217 1,696 SH   SOLE   0 0 1,696
JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 1,739 141,498 SH   SOLE   6,000 0 135,498
JPMORGAN CHASE & CO COM 46625H100 208 1,895 SH   SOLE   100 0 1,795
KOREA FD COM NEW 500634209 202 4,944 SH   SOLE   0 0 4,944
KRATON CORPORATION COM 50077C106 5,127 107,470 SH   SOLE   0 0 107,470
LSB INDS INC COM 502160104 1,119 182,556 SH   SOLE   64,746 0 117,810
MILLER INDS INC TENN COM NEW 600551204 2,178 87,111 SH   SOLE   0 0 87,111
ALTRIA GROUP INC COM 02209S103 289 4,643 SH   SOLE   0 0 4,643
MARATHON PETE CORP COM 56585A102 365 4,986 SH   SOLE   0 0 4,986
OWENS ILL INC COM NEW 690768403 5,733 264,664 SH   SOLE   16,400 0 248,264
PG&E CORP COM 69331C108 10,212 232,454 SH   SOLE   31,000 0 201,454
PFIZER INC COM 717081103 307 8,655 SH   SOLE   500 0 8,155
RENAISSANCERE HOLDINGS LTD COM G7496G103 3,299 23,820 SH   SOLE   0 0 23,820
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 9,052 854,752 SH   SOLE   198,232 0 656,520
SERVICE CORP INTL COM 817565104 11,160 295,697 SH   SOLE   21,726 0 273,971
ABERDEEN SINGAPORE FD INC COM 003244100 200 15,063 SH   SOLE   0 0 15,063
ORCHIDS PAPER PRODS CO DEL COM 68572N104 2,293 281,360 SH   SOLE   79,900 0 201,460
TRAVELERS COMPANIES INC COM 89417E109 6,880 49,545 SH   SOLE   216 0 49,329
TUPPERWARE BRANDS CORP COM 899896104 3,328 68,786 SH   SOLE   14,350 0 54,436
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 337 2,192 SH   SOLE   0 0 2,192
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 444 1,833 SH   SOLE   0 0 1,833
VISTRA ENERGY CORP COM 92840M102 7,185 344,953 SH   SOLE   0 0 344,953
VANGUARD INDEX FDS TOTAL STK MKT 922908769 1,188 8,750 SH   SOLE   0 0 8,750
WIDEPOINT CORP COM 967590100 472 811,571 SH   SOLE   551,724 0 259,847
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 365 13,225 SH   SOLE   0 0 13,225
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 285 4,350 SH   SOLE   0 0 4,350