0000897069-12-000254.txt : 20120427 0000897069-12-000254.hdr.sgml : 20120427 20120427121123 ACCESSION NUMBER: 0000897069-12-000254 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120427 DATE AS OF CHANGE: 20120427 EFFECTIVENESS DATE: 20120427 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PERRITT CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0001279342 IRS NUMBER: 363538658 STATE OF INCORPORATION: IL FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10646 FILM NUMBER: 12786854 BUSINESS ADDRESS: STREET 1: 300 SOUTH WACKER DRIVE STREET 2: SUITE 2880 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3126691650 MAIL ADDRESS: STREET 1: 300 SOUTH WACKER DRIVE STREET 2: SUITE 2880 CITY: CHICAGO STATE: IL ZIP: 60606 13F-HR 1 cg116.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2012 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Perritt Capital Management, Inc. Address: 300 South Wacker Drive, Suite 2880 Chicago, Illinois 60606 Form 13F File Number: 028-10646 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Michael J. Corbett Title: Vice President Phone: (312) 669-1650 Signature, Place, and Date of Signing: /s/ Michael J. Corbett Chicago, Illinois April 27, 2012 ------------------------------------------------------------------------------- Michael J. Corbett City, State Date Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 --------------- Form 13F Information Table Entry Total: 242 --------------- Form 13F Information Table Value Total: $458,650 --------------- (thousands) List of Other Included Managers: NONE
FORM 13F INFORMATION TABLE Name of Reporting Manager: Perritt Capital Management, Inc. Value Shares/ Sh/ Put/ Invstmt Other Voting Authority Name of Issuer Title of Class CUSIP (x1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ------------------------------- ----------------- --------- ------- --------- -------- ------- -------- -------------------- 1-800 Flowers.Com, Inc. CL A 68243Q106 606 200,000 SH SOLE 200,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- 3 M Company COM 88579Y101 587 6,585 SH SOLE 6,585 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- A T & T COM 00206R102 513 16,415 SH SOLE 16,415 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- A.T. Cross CL A 227478104 601 49,900 SH SOLE 49,900 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Abbott Laboratories COM 002824100 656 10,700 SH SOLE 10,700 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Acadia Healthcare Company COM 00404A109 367 22,495 SH SOLE 22,495 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Aceto Corporation COM 004446100 6,071 639,675 SH SOLE 639,675 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Acorn Energy Inc COM 004848107 1,163 107,000 SH SOLE 107,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Adcare Health Systems Inc. COM NEW 00650W300 455 119,871 SH SOLE 119,871 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Addus Homecare Corporation COM 006739106 1,211 244,600 SH SOLE 244,600 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- ADDvantage Technologies Group COM NEW 006743306 692 290,000 SH SOLE 290,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- AEP Industries COM 001031103 3,853 110,700 SH SOLE 110,700 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- AeroCentury Corp. COM 007737109 390 35,000 SH SOLE 35,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Alamo Group Inc COM 011311107 609 20,274 SH SOLE 20,274 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Albany Molecular Research COM 012423109 54 20,000 SH SOLE 20,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Allied Healthcare Products COM 019222108 1,690 492,629 SH SOLE 492,629 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Allied Motion Technologies COM 019330109 725 100,000 SH SOLE 100,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Alvarion Ltd. SHS M0861T100 1,430 1,530,600 SH SOLE 1,530,600 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- American Software, Inc. CL A 029683109 4,745 553,377 SH SOLE 553,377 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Ameriprise Financial, Inc COM 03076C106 289 5,060 SH SOLE 5,060 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Amgen COM 031162100 546 8,027 SH SOLE 8,027 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Angeion Corporation COM 03462H404 260 45,348 SH SOLE 45,348 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Anika Therapeutics, Inc. COM 035255108 703 56,100 SH SOLE 56,100 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Apache Corp. COM 037411105 360 3,582 SH SOLE 3,582 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- ARI Network Services Inc COM 001930205 630 360,000 SH SOLE 360,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Ascent Media Corporation COM 043632108 3,610 76,345 SH SOLE 76,345 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Astro-Med Inc COM 04638F108 3,171 377,500 SH SOLE 377,500 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- AXT Inc COM 00246W103 571 90,000 SH SOLE 90,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- B of I Holding Inc. COM 05566U108 5,008 293,213 SH SOLE 293,213 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Ballantyne of Omaha Inc COM 058516105 481 90,333 SH SOLE 90,333 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Bank of Comm Holdings COM 06424J103 605 136,789 SH SOLE 136,789 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Barrett Business Services, Inc COM 068463108 4,643 234,142 SH SOLE 234,142 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Bed Bath & Beyond Inc. COM 075896100 450 6,840 SH SOLE 6,840 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Bioclinica, Inc. COM 09071B100 806 145,200 SH SOLE 145,200 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- BioScrip Inc COM 09069N108 6,139 904,100 SH SOLE 904,100 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Birner Dental Management SVCS COM NEW 091283200 701 39,100 SH SOLE 39,100 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- BSquare Corporation COM NEW 11776U300 301 90,000 SH SOLE 90,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Cal Dive International Inc. COM 12802T101 3,966 1,201,800 SH SOLE 1,201,800 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- CalAmp Corp. COM 128126109 533 110,000 SH SOLE 110,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Cal-Maine Foods Inc COM NEW 128030202 3,143 82,150 SH SOLE 82,150 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Carriage Services, Inc. COM 143905107 638 84,500 SH SOLE 84,500 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Castle A M & Co COM 148411101 2,054 162,400 SH SOLE 162,400 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- CE Franklin Ltd. COM 125151100 4,679 483,400 SH SOLE 483,400 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Century Casinos, Inc. COM 156492100 3,846 1,339,910 SH SOLE 1,339,910 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- China Gerui Advanced Materials COM G21101103 2,589 719,029 SH SOLE 719,029 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Cisco Systems, Inc. COM 17275R102 417 19,695 SH SOLE 19,695 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- City Telecom Hong Kong SPONSORED ADR 178677209 3,983 298,550 SH SOLE 298,550 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Clicksoftware Technologies LTD ORD M25082104 4,396 346,675 SH SOLE 346,675 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Colgate-Palmolive COM 194162103 464 4,750 SH SOLE 4,750 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Comfort Systems USA, Inc. COM 199908104 3,002 275,200 SH SOLE 275,200 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- ConAgra Foods, Inc. COM 205887102 385 14,675 SH SOLE 14,675 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Concurrent Computer Corp COM PAR $.01 206710402 428 117,600 SH SOLE 117,600 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- CONSOL Energy Inc COM 20854P109 361 10,600 SH SOLE 10,600 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Core Molding Technologies, Inc COM 218683100 672 73,000 SH SOLE 73,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Cornerstone Therapeutics COM 21924P103 2,295 385,000 SH SOLE 385,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Courier Corporation COM 222660102 2,740 236,200 SH SOLE 236,200 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- CPI Aerostructures, Inc. COM NEW 125919308 4,891 328,900 SH SOLE 328,900 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- CR Bard Inc. COM 067383109 404 4,090 SH SOLE 4,090 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- CSX Corporation COM 126408103 601 27,931 SH SOLE 27,931 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- CTI Industries Corporation COM NEW 125961300 714 142,255 SH SOLE 142,255 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- CyberOptics Corporation COM 232517102 4,142 428,772 SH SOLE 428,772 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Datalink Corp. COM 237934104 4,179 439,000 SH SOLE 439,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Digital Ally, Inc. COM 25382P109 397 516,190 SH SOLE 516,190 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Dolan Media Co. COM 25659P402 2,333 256,050 SH SOLE 256,050 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Dot Hill Systems Inc. COM 25848T109 415 275,000 SH SOLE 275,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Douglas Dynamics, Inc. COM 25960R105 2,406 175,000 SH SOLE 175,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Ducommun, Inc COM 264147109 2,435 204,612 SH SOLE 204,612 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- eBay Inc COM 278642103 572 15,508 SH SOLE 15,508 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Edelman Financial Group, Inc. COM 27943Q105 3,013 455,800 SH SOLE 455,800 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Emerson Electric COM 291011104 201 3,850 SH SOLE 3,850 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Emerson Radio Corp. COM NEW 291087203 704 350,297 SH SOLE 350,297 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Ensign Group COM 29358P101 3,423 126,020 SH SOLE 126,020 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Enterprise Products Partners COM 293792107 363 7,200 SH SOLE 7,200 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Evolving Systems, Inc. COM 30049R209 762 136,311 SH SOLE 136,311 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Exeter Resource Corporation COM 301835104 1,816 662,700 SH SOLE 662,700 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Exxon Mobil Corporation COM 30231G102 876 10,104 SH SOLE 10,104 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Federal Signal Corp COM 313855108 1,763 317,000 SH SOLE 317,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Fedex Corporation COM 31428X106 478 5,195 SH SOLE 5,195 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Five Star Quality Care Inc. COM 33832D106 1,193 350,000 SH SOLE 350,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Flexible Solutions Intl COM 33938T104 119 50,800 SH SOLE 50,800 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Flexsteel Industries, Inc. COM 339382103 5,985 330,658 SH SOLE 330,658 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Fluor Corporation COM 343412102 444 7,390 SH SOLE 7,390 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Fortune Industries Inc COM NEW 34963X200 99 366,085 SH SOLE 366,085 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Foster L. B. COM 350060109 3,212 112,670 SH SOLE 112,670 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Friedman Industries COM 358435105 271 24,774 SH SOLE 24,774 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Frozen Food Express Industries COM 359360104 701 562,160 SH SOLE 562,160 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- FSI International Inc. COM 302633102 3,134 641,000 SH SOLE 641,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Full House Resorts Inc. COM 359678109 429 151,000 SH SOLE 151,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Furmanite Corp COM 361086101 2,536 395,000 SH SOLE 395,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Furniture Brands International COM 360921100 1,357 808,000 SH SOLE 808,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- G P Strategies Corp COM 36225V104 6,349 362,780 SH SOLE 362,780 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- G Willi-Food International ORD M52523103 527 119,000 SH SOLE 119,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- General Electric COM 369604103 416 20,739 SH SOLE 20,739 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- General Finance Corp. COM 369822101 217 75,425 SH SOLE 75,425 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- General Mills, Inc. COM 370334104 372 9,440 SH SOLE 9,440 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Gilat Satellite Networks Ltd. SHS NEW M51474118 3,100 767,400 SH SOLE 767,400 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Global Cash Access Holdings COM 378967103 8,916 1,143,100 SH SOLE 1,143,100 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Global Power Equipment Group COM PAR $0.01 37941P306 3,122 112,700 SH SOLE 112,700 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Globecomm Systems Inc. COM 37956X103 4,676 322,900 SH SOLE 322,900 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Grupo TMM, S.A. SP ADR 5 A SHS 40051D303 1,456 728,238 SH SOLE 728,238 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Hallador Energy Company COM 40609P105 2,995 338,800 SH SOLE 338,800 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Hastings Entertainment COM 418365102 292 104,745 SH SOLE 104,745 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Heelys, Inc. COM 42279M107 1,870 850,000 SH SOLE 850,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Hill International, Inc COM 431466101 2,929 745,354 SH SOLE 745,354 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Home Depot Inc. COM 437076102 314 6,237 SH SOLE 6,237 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Hooper Holmes Inc COM 439104100 1,760 2,514,300 SH SOLE 2,514,300 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Hopfedd Bankcorp, Inc. COM 439734104 789 94,200 SH SOLE 94,200 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Hornbeck Offshore Services COM 440543106 3,156 75,100 SH SOLE 75,100 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Hudson Technologies Inc COM 444144109 207 63,000 SH SOLE 63,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Illinois Tool Works, Inc. COM 452308109 375 6,565 SH SOLE 6,565 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Innodata Isogen Inc COM NEW 457642205 6,423 1,191,627 SH SOLE 1,191,627 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Insteel Industries Inc COM 45774W108 2,916 240,000 SH SOLE 240,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- IntegraMed America Inc. COM NEW 45810N302 4,167 344,271 SH SOLE 344,271 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Integrated Silicon Solutions COM 45812P107 4,805 430,600 SH SOLE 430,600 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Intel Corp. COM 458140100 430 15,310 SH SOLE 15,310 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- International Business Machine COM 459200101 1,017 4,875 SH SOLE 4,875 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Intersections, Inc. COM 460981301 3,957 309,650 SH SOLE 309,650 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- InTest Corp. COM 461147100 657 185,000 SH SOLE 185,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- IPass Inc. COM 46261V108 4,989 1,919,000 SH SOLE 1,919,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Iteris Inc COM 46564T107 556 373,200 SH SOLE 373,200 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- J P Morgan Chase & Co COM 46625H100 445 9,688 SH SOLE 9,688 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Johnson & Johnson COM 478160104 456 6,920 SH SOLE 6,920 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- K M G Chemicals Inc COM 482564101 4,668 258,625 SH SOLE 258,625 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Kimball International Inc. CL B 494274103 4,500 651,300 SH SOLE 651,300 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Kimberly-Clark Corporation COM 494368103 334 4,525 SH SOLE 4,525 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Kratos Defense & Sec Solutions COM NEW 50077B207 267 50,000 SH SOLE 50,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- KSW Inc COM 48268R106 655 167,900 SH SOLE 167,900 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- L M I Aerospace, Inc. COM 502079106 3,355 184,324 SH SOLE 184,324 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Lakeland Industries COM 511795106 797 78,130 SH SOLE 78,130 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Landec Corporation COM 514766104 3,996 611,900 SH SOLE 611,900 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- LGL Group COM 50186A108 305 42,000 SH SOLE 42,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Macys COM 55616P104 363 9,125 SH SOLE 9,125 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Magnetek Inc COM 559424403 681 35,385 SH SOLE 35,385 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Magnum Hunter Resources COM 55973B102 3,820 595,953 SH SOLE 595,953 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Management Network Group, Inc. COM 561693201 812 326,000 SH SOLE 326,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Manitex COM 563420108 660 90,000 SH SOLE 90,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Matrix Service Co. COM 576853105 5,394 384,991 SH SOLE 384,991 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- McKesson Corp. COM 58155Q103 439 5,005 SH SOLE 5,005 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Medical Action Industries Inc. COM 58449L100 1,853 323,979 SH SOLE 323,979 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Medtronic Inc. COM 585055106 206 5,261 SH SOLE 5,261 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- MFRI, Inc. COM 552721102 2,828 377,038 SH SOLE 377,038 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Michael Baker Corporation COM 057149106 3,533 148,149 SH SOLE 148,149 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Microfinancial Inc. COM 595072109 719 105,000 SH SOLE 105,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Micronetics, Inc. COM 595125105 215 26,400 SH SOLE 26,400 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Mitcham Industries, Inc. COM 606501104 4,793 213,400 SH SOLE 213,400 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Moduslink Global Solutions COM 60786L107 4,440 822,200 SH SOLE 822,200 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Monmouth Real Estate Investmen CL A 609720107 2,934 301,200 SH SOLE 301,200 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Motorcar Parts of America, Inc COM 620071100 1,928 200,450 SH SOLE 200,450 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Nam Tai Electronics, Inc. COM PAR $0.02 629865205 2,033 340,000 SH SOLE 340,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Napco Security Systems Inc COM 630402105 1,031 329,500 SH SOLE 329,500 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Navarre Corporation COM 639208107 471 264,400 SH SOLE 264,400 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Newmont Mining Corp COM 651639106 329 6,415 SH SOLE 6,415 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Newpark Resources Inc. COM PAR $.01 NEW 651718504 4,840 591,000 SH SOLE 591,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Newtek Business Services Inc COM 652526104 950 625,000 SH SOLE 625,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Nicholas Financial, Inc. COM NEW 65373J209 3,341 253,323 SH SOLE 253,323 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Noah Education ADR 65487R303 421 256,700 SH SOLE 256,700 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Nobility Homes Inc COM 654892108 240 31,000 SH SOLE 31,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Northern Tech Intl Corp COM 665809109 2,880 182,300 SH SOLE 182,300 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Northwest Pipe Company COM 667746101 1,763 83,000 SH SOLE 83,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Nucor Corporation COM 670346105 331 7,700 SH SOLE 7,700 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Official Payment Holdings COM 67623R106 3,771 743,700 SH SOLE 743,700 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Omnova Solutions, Inc. COM 682129101 2,907 430,707 SH SOLE 430,707 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- On Track Innovations Ltd. SHS M8791A109 706 420,200 SH SOLE 420,200 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Oplink Communications Inc COM NEW 68375Q403 4,400 257,300 SH SOLE 257,300 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Oracle Corporation COM 68389X105 408 13,975 SH SOLE 13,975 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Orchids Paper Products COM 68572N104 5,025 279,302 SH SOLE 279,302 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Orion Energy Systems, Inc. COM 686275108 408 171,551 SH SOLE 171,551 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- P H I, Inc. COM NON VOTING 69336T205 4,168 180,042 SH SOLE 180,042 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Pacific Premier Bank Corp COM 69478X105 880 110,000 SH SOLE 110,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- PC Mall, Inc. COM 69323K100 3,656 607,300 SH SOLE 607,300 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- PCTEL Inc COM 69325Q105 4,301 646,800 SH SOLE 646,800 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Penford Corporation COM 707051108 2,888 427,157 SH SOLE 427,157 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Pepsico COM 713448108 544 8,202 SH SOLE 8,202 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Perceptron, Inc. COM 71361F100 321 55,000 SH SOLE 55,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Perma-Fix Environmental Svcs COM 714157104 4,322 2,718,000 SH SOLE 2,718,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Pfizer COM 717081103 549 24,225 SH SOLE 24,225 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Photronics, Inc. COM 719405102 1,835 276,000 SH SOLE 276,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- PRGX Global, Inc. COM 69357C503 4,238 673,700 SH SOLE 673,700 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Proctor & Gamble Co. COM 742718109 500 7,438 SH SOLE 7,438 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Psychemedics Corporation COM NEW 744375205 867 88,281 SH SOLE 88,281 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Ramtron International Corp. COM NEW 751907304 537 270,000 SH SOLE 270,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- RCM Technologies COM NEW 749360400 3,424 614,700 SH SOLE 614,700 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Reading International CL A 755408101 792 170,000 SH SOLE 170,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Rentrak Corporation COM 760174102 5,321 234,400 SH SOLE 234,400 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Republic Airways Holdings, inc COM 760276105 2,626 531,600 SH SOLE 531,600 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Rimage Corp. COM 766721104 2,712 270,950 SH SOLE 270,950 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Riverview Bancorp Inc COM 769397100 556 246,000 SH SOLE 246,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Rudolph Technologies Inc COM 781270103 3,770 339,350 SH SOLE 339,350 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Rush Enterprises, Inc. Class B CL B 781846308 2,082 120,473 SH SOLE 120,473 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- SPDR S&P 500 ETF Tr TR UNIT 78462F103 3,487 24,761 SH SOLE 24,761 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Sanfilippo John B & Son Inc COM 800422107 5,436 435,950 SH SOLE 435,950 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Schlumberger LTD COM 806857108 459 6,565 SH SOLE 6,565 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Schmitt Industries Inc COM NEW 806870200 168 51,000 SH SOLE 51,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Scorpio Tankers Inc SHS Y7542C106 2,965 420,000 SH SOLE 420,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Seabright Holdings, Inc. COM 811656107 3,094 340,350 SH SOLE 340,350 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- SeaChange International Inc COM 811699107 2,675 343,800 SH SOLE 343,800 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Sinohub, Inc. COM 82935L101 234 435,000 SH SOLE 435,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Smartpros COM 83171G103 413 209,500 SH SOLE 209,500 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Socket Mobile Inc COM NEW 83368E200 377 145,000 SH SOLE 145,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- SORL Auto Parts Inc COM 78461U101 2,102 646,781 SH SOLE 646,781 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Southwest Airlines Co COM 844741108 240 29,071 SH SOLE 29,071 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Sparton Corporation COM 847235108 650 67,700 SH SOLE 67,700 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Star Bulk Carriers Corp COM Y8162K105 1,894 2,105,190 SH SOLE 2,105,190 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Star Gas Partners LP UNIT LTD PARTNR 85512C105 223 53,900 SH SOLE 53,900 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- StealthGas Inc SHS Y81669106 2,142 363,000 SH SOLE 363,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Steinway Musical Instruments COM 858495104 2,582 103,281 SH SOLE 103,281 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Sterling Construction Co Inc COM 859241101 2,972 304,800 SH SOLE 304,800 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Stewart Enterprises, Inc. CL A 860370105 3,243 534,270 SH SOLE 534,270 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Stryker Corp COM 863667101 453 8,167 SH SOLE 8,167 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- SWS Group, inc. COM 78503N107 1,851 323,588 SH SOLE 323,588 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Systemax Inc. COM 871851101 2,565 152,155 SH SOLE 152,155 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- T. Rowe Price Group, Inc. COM 74144T108 532 8,150 SH SOLE 8,150 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Tandy Brands Accessories COM 875378101 361 207,300 SH SOLE 207,300 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Target Corporation COM 87612E106 269 4,625 SH SOLE 4,625 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- TeleCommunication Systems Inc. CL A 87929J103 533 191,700 SH SOLE 191,700 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Texas Instruments Inc COM 882508104 405 12,060 SH SOLE 12,060 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- TGC Industries, Inc. COM NEW 872417308 4,651 468,868 SH SOLE 468,868 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- TOR Minerals International COM NEW 890878101 586 40,000 SH SOLE 40,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Trinity Biotech SPON ADR NEW 896438306 640 60,000 SH SOLE 60,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- U. S. Global Investors, Inc. CL A 902952100 4,002 552,050 SH SOLE 552,050 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Ultra Clean Holdings, Inc. COM 90385V107 3,242 430,000 SH SOLE 430,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Union Drilling Inc COM 90653P105 1,800 323,700 SH SOLE 323,700 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Universal Electronics, Inc. COM 913483103 3,321 166,200 SH SOLE 166,200 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Universal Power Corp COM 913788105 484 248,000 SH SOLE 248,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Universal Stainless & Alloy COM 913837100 555 13,000 SH SOLE 13,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Uranium Energy Corp COM 916896103 2,547 653,100 SH SOLE 653,100 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- US Home Systems Inc COM 90335C100 655 70,325 SH SOLE 70,325 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- USA Truck, Inc. COM 902925106 2,594 334,660 SH SOLE 334,660 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Vaalco Energy, Inc COM NEW 91851C201 6,004 635,300 SH SOLE 635,300 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Versant Corp COM NEW 925284309 307 30,000 SH SOLE 30,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Versar COM 925297103 643 238,200 SH SOLE 238,200 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Virtus Investment Partners COM 92828Q109 4,233 49,351 SH SOLE 49,351 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Virtusa Corporation COM 92827P102 3,393 196,477 SH SOLE 196,477 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Vista Gold Corp. New COM NEW 927926303 540 172,000 SH SOLE 172,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Vitran Corporation Inc. COM 92850E107 705 88,400 SH SOLE 88,400 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Wal Mart COM 931142103 308 5,025 SH SOLE 5,025 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Wells-Gardner Electronics Corp COM 949765101 630 275,000 SH SOLE 275,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Whitestone Real Estate Invt CL B SBI 966084204 2,999 230,000 SH SOLE 230,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Widepoint Corporation COM 967590100 731 786,550 SH SOLE 786,550 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Willamette Valley Vineyards COM 969136100 478 151,800 SH SOLE 151,800 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Williams Controls Inc COM NEW 969465103 605 55,000 SH SOLE 55,000 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- Yum Brands, Inc. COM 988498101 726 10,195 SH SOLE 10,195 ------------------------------ ---------------- --------- ------- --------- -- ---- --------- TOTAL 458,650 ------------------------------ -------