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    <issuerName>Leap Therapeutics, Inc.</issuerName>
    <cusip>52187K200</cusip>
    <isin>US52187K2006</isin>
    <meetingDate>07/02/2024</meetingDate>
    <voteDescription>Advisory vote on executive compensation paid to named executive officers (&quot;Say-on-Pay Proposal&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesVoted>370.000000</sharesVoted>
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        <sharesVoted>370.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Snowflake Inc.</issuerName>
    <cusip>833445109</cusip>
    <isin>US8334451098</isin>
    <meetingDate>07/02/2024</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>100.000000</sharesVoted>
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        <howVoted>FOR</howVoted>
        <sharesVoted>100.000000</sharesVoted>
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    <issuerName>VolitionRx Limited</issuerName>
    <cusip>928661107</cusip>
    <isin>US9286611077</isin>
    <meetingDate>07/02/2024</meetingDate>
    <voteDescription>To approve, by a non-binding advisory vote, the compensation of the Company's named executive officers as disclosed in the Compensation of Named Executive Officers section of the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesVoted>174180.000000</sharesVoted>
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        <howVoted>AGAINST</howVoted>
        <sharesVoted>174180.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Mama's Creations, Inc.</issuerName>
    <cusip>56146T103</cusip>
    <isin>US56146T1034</isin>
    <meetingDate>07/03/2024</meetingDate>
    <voteDescription>To hold an advisory vote to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>22467.000000</sharesVoted>
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        <howVoted>AGAINST</howVoted>
        <sharesVoted>22467.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Mama's Creations, Inc.</issuerName>
    <cusip>56146T103</cusip>
    <isin>US56146T1034</isin>
    <meetingDate>07/03/2024</meetingDate>
    <voteDescription>To hold an advisory vote on the frequency of future advisory votes to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesVoted>22467.000000</sharesVoted>
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        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>22467.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Neonode Inc.</issuerName>
    <cusip>64051M709</cusip>
    <isin>US64051M7092</isin>
    <meetingDate>07/05/2024</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of Neonode's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesVoted>25123.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
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        <howVoted>FOR</howVoted>
        <sharesVoted>25123.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Neonode Inc.</issuerName>
    <cusip>64051M709</cusip>
    <isin>US64051M7092</isin>
    <meetingDate>07/05/2024</meetingDate>
    <voteDescription>To approve, on an advisory basis, the frequency of the advisory vote on the compensation of Neonode's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>25123.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
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        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>25123.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Quest Resource Holding Corporation</issuerName>
    <cusip>74836W203</cusip>
    <isin>US74836W2035</isin>
    <meetingDate>07/08/2024</meetingDate>
    <voteDescription>To provide a non-binding advisory vote on the compensation of our named executive officers for fiscal 2023, or say-on-pay.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>9700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
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        <howVoted>FOR</howVoted>
        <sharesVoted>9700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>AZZ Inc.</issuerName>
    <cusip>002474104</cusip>
    <isin>US0024741045</isin>
    <meetingDate>07/09/2024</meetingDate>
    <voteDescription>Approve, on an advisory basis, AZZ's Executive Compensation Program.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesVoted>59600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
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        <sharesVoted>59600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Educational Development Corporation</issuerName>
    <cusip>281479105</cusip>
    <isin>US2814791057</isin>
    <meetingDate>07/10/2024</meetingDate>
    <voteDescription>An advisory vote to approve the compensation of the Company's Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesVoted>73700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
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        <howVoted>FOR</howVoted>
        <sharesVoted>73700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>LL Flooring Holdings, Inc.</issuerName>
    <cusip>55003T107</cusip>
    <isin>US55003T1079</isin>
    <meetingDate>07/10/2024</meetingDate>
    <voteDescription>To approve a non-binding advisory resolution approving the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>0.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
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  <proxyTable>
    <issuerName>LL Flooring Holdings, Inc.</issuerName>
    <cusip>55003T107</cusip>
    <isin>US55003T1079</isin>
    <meetingDate>07/10/2024</meetingDate>
    <voteDescription>To approve a non-binding advisory resolution approving the compensation of our named executive officers</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesVoted>164800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
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      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>164800.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Steelcase Inc.</issuerName>
    <cusip>858155203</cusip>
    <isin>US8581552036</isin>
    <meetingDate>07/10/2024</meetingDate>
    <voteDescription>Advisory vote to approve named executive officer compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesVoted>495000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>495000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Cutera, Inc.</issuerName>
    <cusip>232109108</cusip>
    <isin>US2321091082</isin>
    <meetingDate>07/15/2024</meetingDate>
    <voteDescription>Non-binding advisory vote on the compensation of Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>11744.000000</sharesVoted>
    <sharesOnLoan>23256.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>11744.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>U.S. Silica Holdings, Inc.</issuerName>
    <cusip>90346E103</cusip>
    <isin>US90346E1038</isin>
    <meetingDate>07/16/2024</meetingDate>
    <voteDescription>To approve, by a non-binding advisory vote, the compensation that may be paid or become payable to the Company's named executive officers in connection with the Merger; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>360000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>360000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Constellation Brands, Inc.</issuerName>
    <cusip>21036P108</cusip>
    <isin>US21036P1084</isin>
    <meetingDate>07/17/2024</meetingDate>
    <voteDescription>To approve, by an advisory vote, the compensation of the Company's named executive officers as disclosed in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>400.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Park Aerospace Corp.</issuerName>
    <cusip>70014A104</cusip>
    <isin>US70014A1043</isin>
    <meetingDate>07/18/2024</meetingDate>
    <voteDescription>Approval, on an advisory (non-binding) basis, of the compensation of the named executive officers</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>2400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>2400.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Perma-Fix Environmental Services, Inc.</issuerName>
    <cusip>714157203</cusip>
    <isin>US7141572039</isin>
    <meetingDate>07/18/2024</meetingDate>
    <voteDescription>APPROVE, BY NON-BINDING VOTE, THE 2023 COMPENSATION OF THE NAMED EXECUTIVE OFFICERS.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>22100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>22100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>First Financial Northwest, Inc.</issuerName>
    <cusip>32022K102</cusip>
    <isin>US32022K1025</isin>
    <meetingDate>07/19/2024</meetingDate>
    <voteDescription>Approval, on an advisory (non-binding) basis, of the compensation that may be paid or become payable to certain executive officers of the Company in connection with the asset sale.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesVoted>19282.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>19282.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>Hibbett, Inc.</issuerName>
    <cusip>428567101</cusip>
    <isin>US4285671016</isin>
    <meetingDate>07/19/2024</meetingDate>
    <voteDescription>To approve, by non-binding, advisory vote, the compensation that will or may become payable to Hibbett's named executive officers that is based on or otherwise relates to the Merger Agreement and the transactions contemplated by the Merger Agreement; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesVoted>60900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>60900.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Spok Holdings, Inc.</issuerName>
    <cusip>84863T106</cusip>
    <isin>US84863T1060</isin>
    <meetingDate>07/23/2024</meetingDate>
    <voteDescription>Advisory vote to approve named executive officer compensation for 2023.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>1400.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Xtant Medical Holdings, Inc.</issuerName>
    <cusip>98420P308</cusip>
    <isin>US98420P3082</isin>
    <meetingDate>07/23/2024</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's executive officers named in the accompanying proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>368500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>368500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>WM Technology, Inc.</issuerName>
    <cusip>92971A109</cusip>
    <isin>US92971A1097</isin>
    <meetingDate>07/24/2024</meetingDate>
    <voteDescription>Non-binding advisory vote to Approve The Compensation Of Our Named Executive Officers For The Year Ended December 31, 2023.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>327700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>327700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Enhabit, Inc.</issuerName>
    <cusip>29332G102</cusip>
    <isin>US29332G1022</isin>
    <meetingDate>07/25/2024</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the named executive officers as disclosed in this proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>0.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
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  <proxyTable>
    <issuerName>Enhabit, Inc.</issuerName>
    <cusip>29332G102</cusip>
    <isin>US29332G1022</isin>
    <meetingDate>07/25/2024</meetingDate>
    <voteDescription>The Company's proposal to approve, on an advisory basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>184300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>184300.000000</sharesVoted>
        <managementRecommendation>NONE</managementRecommendation>
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    <issuerName>Hilltop Holdings, Inc.</issuerName>
    <cusip>432748101</cusip>
    <isin>US4327481010</isin>
    <meetingDate>07/25/2024</meetingDate>
    <voteDescription>Non-binding advisory vote to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesVoted>102000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>102000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Perma-Pipe International Holdings, Inc.</issuerName>
    <cusip>714167103</cusip>
    <isin>US7141671039</isin>
    <meetingDate>07/25/2024</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesVoted>85600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>85600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Steel Connect, Inc.</issuerName>
    <cusip>858098205</cusip>
    <isin>US8580982051</isin>
    <meetingDate>07/29/2024</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>3214.000000</sharesVoted>
    <sharesOnLoan>900.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>3214.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Steel Connect, Inc.</issuerName>
    <cusip>858098205</cusip>
    <isin>US8580982051</isin>
    <meetingDate>07/29/2024</meetingDate>
    <voteDescription>To approve, on an advisory basis, the frequency of future advisory votes on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>3214.000000</sharesVoted>
    <sharesOnLoan>900.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>3214.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Superior Drilling Products, Inc.</issuerName>
    <cusip>868153107</cusip>
    <isin>US8681531070</isin>
    <meetingDate>07/29/2024</meetingDate>
    <voteDescription>To vote on a non-binding advisory proposal to approve compensation that will or may become payable by SDPI to its named executive officers in connection with the Merger (the &quot;Merger Compensation Proposal&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <voteDescription>To approve, by advisory vote, the compensation of our named executive officers as disclosed in the proxy statement.</voteDescription>
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    <voteDescription>Advisory vote to approve named executive officer compensation.</voteDescription>
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    <voteDescription>An advisory vote to approve the compensation of EnerSys' named executive officers.</voteDescription>
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    <voteDescription>Approval, on an advisory basis, of the compensation of our named executive officers and our compensation philosophy, policies and practices as described in the accompanying Proxy Statement.</voteDescription>
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    <isin>US0301112076</isin>
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    <voteDescription>To approve, on an advisory basis, the compensation of AMSC's named executive officers.</voteDescription>
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    <voteDescription>Say on Pay - An advisory vote on the resolution to approve the compensation of Prestige Consumer Healthcare Inc.'s named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>101000.000000</sharesVoted>
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    <isin>US05601C1053</isin>
    <meetingDate>08/07/2024</meetingDate>
    <voteDescription>Advisory vote to approve named executive officer compensation.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>40600.000000</sharesVoted>
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        <sharesVoted>40600.000000</sharesVoted>
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    <cusip>25065K104</cusip>
    <isin>US25065K1043</isin>
    <meetingDate>08/08/2024</meetingDate>
    <voteDescription>To approve, on an advisory basis, named executive officer compensation.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>305044.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>305044.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>G6891L105</cusip>
    <isin>BMG6891L1054</isin>
    <meetingDate>08/08/2024</meetingDate>
    <voteDescription>To approve, on an advisory, non-binding basis, the compensation of named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>293100.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
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        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>G6891L105</cusip>
    <isin>BMG6891L1054</isin>
    <meetingDate>08/08/2024</meetingDate>
    <voteDescription>To recommend, on a non-binding basis, the frequency of future advisory votes on compensation of named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>293100.000000</sharesVoted>
    <sharesOnLoan>3200.000000</sharesOnLoan>
    <vote>
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        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>293100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>716382106</cusip>
    <isin>US7163821066</isin>
    <meetingDate>08/08/2024</meetingDate>
    <voteDescription>An advisory (non-binding) vote to approve named executive officer compensation:</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesOnLoan>20000.000000</sharesOnLoan>
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    <cusip>9837FR209</cusip>
    <isin>US9837FR2091</isin>
    <meetingDate>08/12/2024</meetingDate>
    <voteDescription>To conduct an advisory vote on the compensation of our named executive officers as described in this proxy statement</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>86987.000000</sharesVoted>
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        <sharesVoted>86987.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>228309100</cusip>
    <isin>US2283091005</isin>
    <meetingDate>08/13/2024</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of the Company's named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>75850.000000</sharesVoted>
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        <sharesVoted>75850.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>53815P108</cusip>
    <isin>US53815P1084</isin>
    <meetingDate>08/13/2024</meetingDate>
    <voteDescription>Advisory (non-binding) vote to approve the compensation of the Company's named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <vote>
      <voteRecord>
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        <sharesVoted>169500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>45384B106</cusip>
    <isin>US45384B1061</isin>
    <meetingDate>08/14/2024</meetingDate>
    <voteDescription>The IBTX compensation proposal: to approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to IBTX's named executive officers that is based on or otherwise relates to the merger; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>39350.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>590479135</cusip>
    <isin>US5904791358</isin>
    <meetingDate>08/14/2024</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>135000.000000</sharesVoted>
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    <vote>
      <voteRecord>
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        <sharesVoted>135000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>590479135</cusip>
    <isin>US5904791358</isin>
    <meetingDate>08/14/2024</meetingDate>
    <voteDescription>To approve, on an advisory basis, the frequency of future advisory votes on the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>135000.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>135000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>832696405</cusip>
    <isin>US8326964058</isin>
    <meetingDate>08/14/2024</meetingDate>
    <voteDescription>Advisory approval of the Company's executive compensation.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>200.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <isin>US5147661046</isin>
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    <voteDescription>To approve a non-binding advisory proposal on the executive compensation of the Company's named executive officers, as described in the Proxy Statement.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>16116.000000</sharesVoted>
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    <vote>
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        <managementRecommendation>FOR</managementRecommendation>
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    <isin>US5147661046</isin>
    <meetingDate>08/15/2024</meetingDate>
    <voteDescription>To approve a non-binding advisory proposal on the frequency of future advisory votes to approve the Company's named executive officer compensation.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <vote>
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        <sharesVoted>16116.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <isin>US7479066000</isin>
    <meetingDate>08/15/2024</meetingDate>
    <voteDescription>Approval of the compensation of our named executive officers, on a non-binding advisory basis.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>84800.000000</sharesVoted>
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    <vote>
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        <sharesVoted>84800.000000</sharesVoted>
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    <cusip>03074A102</cusip>
    <isin>US03074A1025</isin>
    <meetingDate>08/20/2024</meetingDate>
    <voteDescription>An advisory vote to approve the compensation of the named executive officers of the Company.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>180771.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
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        <managementRecommendation>AGAINST</managementRecommendation>
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    <isin>US3845561063</isin>
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    <voteDescription>To approve, on an advisory basis, the compensation of our named executive officers</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>36795.000000</sharesVoted>
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    <vote>
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        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>009207101</cusip>
    <isin>US0092071010</isin>
    <meetingDate>08/21/2024</meetingDate>
    <voteDescription>Advisory (non-binding) vote, to approve the compensation to the Company's named executive officers as disclosed in the proxy statement;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>15643.000000</sharesVoted>
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    <vote>
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        <sharesVoted>15643.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>25961D105</cusip>
    <isin>US25961D1054</isin>
    <meetingDate>08/21/2024</meetingDate>
    <voteDescription>Advisory vote on executive compensation (the &quot;say-on-pay vote&quot;):</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>881216.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
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        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>981419104</cusip>
    <isin>US9814191048</isin>
    <meetingDate>08/21/2024</meetingDate>
    <voteDescription>APPROVE, ON AN ADVISORY (NON-BINDING) BASIS, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS AS DESCRIBED IN THE PROXY STATEMENT.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>20100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>20100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>American Woodmark Corporation</issuerName>
    <cusip>030506109</cusip>
    <isin>US0305061097</isin>
    <meetingDate>08/22/2024</meetingDate>
    <voteDescription>To approve on an advisory basis the Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>83400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>83400.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>GSI Technology, Inc.</issuerName>
    <cusip>36241U106</cusip>
    <isin>US36241U1060</isin>
    <meetingDate>08/22/2024</meetingDate>
    <voteDescription>To vote on an advisory (non-binding) resolution regarding the fiscal 2024 compensation of the executive officers named in the Summary Compensation Table included in the proxy statement for the annual meeting; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>34332.000000</sharesVoted>
    <sharesOnLoan>60385.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>34332.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Rocky Mountain Chocolate Factory, Inc.</issuerName>
    <cusip>77467X101</cusip>
    <isin>US77467X1019</isin>
    <meetingDate>08/23/2024</meetingDate>
    <voteDescription>Approve, on an advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>38100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>38100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Vista Outdoor Inc.</issuerName>
    <cusip>928377100</cusip>
    <isin>US9283771007</isin>
    <meetingDate>08/23/2024</meetingDate>
    <voteDescription>Advisory Vote to Approve Compensation of Vista Outdoor's Named Executive Officers</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>267191.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>267191.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>La-Z-Boy Incorporated</issuerName>
    <cusip>505336107</cusip>
    <isin>US5053361078</isin>
    <meetingDate>08/27/2024</meetingDate>
    <voteDescription>To approve, through a non-binding advisory vote, the compensation of the company's named executive officers as disclosed in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>166000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>166000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Kewaunee Scientific Corporation</issuerName>
    <cusip>492854104</cusip>
    <isin>US4928541048</isin>
    <meetingDate>08/28/2024</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of our named executives.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>20400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>20400.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Riverview Bancorp, Inc.</issuerName>
    <cusip>769397100</cusip>
    <isin>US7693971001</isin>
    <meetingDate>08/28/2024</meetingDate>
    <voteDescription>Advisory (non-binding) approval of the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>179606.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>179606.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>The Container Store Group, Inc.</issuerName>
    <cusip>210751202</cusip>
    <isin>US2107512020</isin>
    <meetingDate>08/28/2024</meetingDate>
    <voteDescription>Approval, on an advisory (non-binding) basis, of the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>234250.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>234250.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Co-Diagnostics, Inc.</issuerName>
    <cusip>189763105</cusip>
    <isin>US1897631057</isin>
    <meetingDate>08/29/2024</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation paid to the Company's named executive officers as described in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>272900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>272900.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Co-Diagnostics, Inc.</issuerName>
    <cusip>189763105</cusip>
    <isin>US1897631057</isin>
    <meetingDate>08/29/2024</meetingDate>
    <voteDescription>Proposal to vote on an advisory basis, on the frequency of future advisory votes to approve the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>272900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>272900.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Marathon Oil Corporation</issuerName>
    <cusip>565849106</cusip>
    <isin>US5658491064</isin>
    <meetingDate>08/29/2024</meetingDate>
    <voteDescription>To approve, by a non-binding advisory vote, certain compensation that may be paid or become payable to Marathon Oil's named executive officers that is based on or otherwise relates to the merger contemplated by the merger agreement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>42000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>42000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>electroCore, Inc.</issuerName>
    <cusip>28531P202</cusip>
    <isin>US28531P2020</isin>
    <meetingDate>09/03/2024</meetingDate>
    <voteDescription>Approval, by non-binding advisory vote, of the resolution approving named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>566.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>566.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>electroCore, Inc.</issuerName>
    <cusip>28531P202</cusip>
    <isin>US28531P2020</isin>
    <meetingDate>09/03/2024</meetingDate>
    <voteDescription>Approval, by non-binding advisory vote, of the frequency of future non-binding advisory votes on resolutions approving future named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>566.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>566.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Alimera Sciences, Inc.</issuerName>
    <cusip>016259202</cusip>
    <isin>US0162592028</isin>
    <meetingDate>09/04/2024</meetingDate>
    <voteDescription>To approve, by non-binding, advisory vote, the compensation that will or may be paid or become payable to our named executive officers that is based on or otherwise relates to the Merger.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>4100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>4100.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Coda Octopus Group, Inc.</issuerName>
    <cusip>19188U206</cusip>
    <isin>US19188U2069</isin>
    <meetingDate>09/04/2024</meetingDate>
    <voteDescription>To vote, on an advisory basis, to approve the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>2405.000000</sharesVoted>
    <sharesOnLoan>495.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>2405.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Daktronics, Inc.</issuerName>
    <cusip>234264109</cusip>
    <isin>US2342641097</isin>
    <meetingDate>09/04/2024</meetingDate>
    <voteDescription>Non-binding advisory vote to approve the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>211100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>211100.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Motorcar Parts of America, Inc.</issuerName>
    <cusip>620071100</cusip>
    <isin>US6200711009</isin>
    <meetingDate>09/05/2024</meetingDate>
    <voteDescription>To vote on an advisory (non-binding) proposal to approve the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>143174.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>143174.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>RF Industries, Ltd.</issuerName>
    <cusip>749552105</cusip>
    <isin>US7495521053</isin>
    <meetingDate>09/05/2024</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>61996.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>61996.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Mexco Energy Corporation</issuerName>
    <cusip>592770101</cusip>
    <isin>US5927701012</isin>
    <meetingDate>09/10/2024</meetingDate>
    <voteDescription>Voting upon a non-binding advisory resolution regarding the compensation of our named executive officers as disclosed in this Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>8800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>8800.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>NIKE, Inc.</issuerName>
    <cusip>654106103</cusip>
    <isin>US6541061031</isin>
    <meetingDate>09/10/2024</meetingDate>
    <voteDescription>To approve executive compensation by an advisory vote.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>400.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Methode Electronics, Inc.</issuerName>
    <cusip>591520200</cusip>
    <isin>US5915202007</isin>
    <meetingDate>09/11/2024</meetingDate>
    <voteDescription>The advisory approval of Methode's named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>66000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>66000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>NetApp, Inc.</issuerName>
    <cusip>64110D104</cusip>
    <isin>US64110D1046</isin>
    <meetingDate>09/11/2024</meetingDate>
    <voteDescription>To hold an advisory vote to approve Named Executive Officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>27000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>27000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>AMREP Corporation</issuerName>
    <cusip>032159105</cusip>
    <isin>US0321591051</isin>
    <meetingDate>09/12/2024</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation paid to the Company's named executive officers as disclosed in the accompanying proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>115900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>115900.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>BARK, Inc.</issuerName>
    <cusip>68622E104</cusip>
    <isin>US68622E1047</isin>
    <meetingDate>09/12/2024</meetingDate>
    <voteDescription>Approve, on an advisory basis, the compensation of the company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>0.000000</sharesVoted>
    <sharesOnLoan>737635.000000</sharesOnLoan>
  </proxyTable>
  <proxyTable>
    <issuerName>HMN Financial, Inc.</issuerName>
    <cusip>40424G108</cusip>
    <isin>US40424G1085</isin>
    <meetingDate>09/12/2024</meetingDate>
    <voteDescription>Merger-related compensation proposal. Proposal to approve, on an advisory (non-binding) basis, the compensation payments that will or may be paid to HMNF named executive officers in connection with the merger.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>23800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>23800.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>LiveOne, Inc.</issuerName>
    <cusip>53814X102</cusip>
    <isin>US53814X1028</isin>
    <meetingDate>09/12/2024</meetingDate>
    <voteDescription>Advisory vote on LiveOne's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>33700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>33700.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>NetScout Systems, Inc.</issuerName>
    <cusip>64115T104</cusip>
    <isin>US64115T1043</isin>
    <meetingDate>09/12/2024</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of NetScout's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>350200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>350200.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Network-1 Technologies, Inc.</issuerName>
    <cusip>64121N109</cusip>
    <isin>US64121N1090</isin>
    <meetingDate>09/17/2024</meetingDate>
    <voteDescription>To approve, by non-binding advisory vote, the resolution approving named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>103500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>103500.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Network-1 Technologies, Inc.</issuerName>
    <cusip>64121N109</cusip>
    <isin>US64121N1090</isin>
    <meetingDate>09/17/2024</meetingDate>
    <voteDescription>To approve by non-binding advisory vote, the frequency of holding future votes regarding named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>103500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>103500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Powerfleet, Inc.</issuerName>
    <cusip>73931J109</cusip>
    <isin>US73931J1097</isin>
    <meetingDate>09/17/2024</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>95700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>95700.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Smith &amp; Wesson Brands, Inc.</issuerName>
    <cusip>831754106</cusip>
    <isin>US8317541063</isin>
    <meetingDate>09/17/2024</meetingDate>
    <voteDescription>To approve on an advisory basis the compensation of our named executive officers for fiscal 2024 (&quot;say-on-pay&quot;);</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>59400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>59400.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Barnes &amp; Noble Education, Inc.</issuerName>
    <cusip>06777U200</cusip>
    <isin>US06777U2006</isin>
    <meetingDate>09/18/2024</meetingDate>
    <voteDescription>To vote on an advisory (non-binding) basis to approve executive compensation for named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>19000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>19000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
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  <proxyTable>
    <issuerName>Friedman Industries, Incorporated</issuerName>
    <cusip>358435105</cusip>
    <isin>US3584351056</isin>
    <meetingDate>09/18/2024</meetingDate>
    <voteDescription>To approve the following non-binding, advisory resolution: &quot;Resolved, that the shareholders approve the compensation of the Company's Named Executive Officers as disclosed in the Company's Proxy Statement dated July 26, 2024 pursuant to the disclosure rules of the U.S. Securities &amp; Exchange Commission (which disclosure includes the Summary Compensation Table and related discussion).&quot;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>122321.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>122321.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Dorian LPG Ltd.</issuerName>
    <cusip>Y2106R110</cusip>
    <isin>MHY2106R1100</isin>
    <meetingDate>09/20/2024</meetingDate>
    <voteDescription>Approval, on an advisory, non-binding basis, of the compensation of our named executive officers, as disclosed in this proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>211300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>211300.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>FedEx Corporation</issuerName>
    <cusip>31428X106</cusip>
    <isin>US31428X1063</isin>
    <meetingDate>09/23/2024</meetingDate>
    <voteDescription>Advisory vote to approve named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>600.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Inseego Corp.</issuerName>
    <cusip>45782B302</cusip>
    <isin>US45782B3024</isin>
    <meetingDate>09/23/2024</meetingDate>
    <voteDescription>Hold an advisory vote to approve the compensation of our named executive officers, as presented in the proxy statement accompanying this notice;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1054.000000</sharesVoted>
    <sharesOnLoan>27646.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>1054.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>General Mills, Inc.</issuerName>
    <cusip>370334104</cusip>
    <isin>US3703341046</isin>
    <meetingDate>09/24/2024</meetingDate>
    <voteDescription>Advisory Vote on Executive Compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>15200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>15200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Culp, Inc.</issuerName>
    <cusip>230215105</cusip>
    <isin>US2302151053</isin>
    <meetingDate>09/25/2024</meetingDate>
    <voteDescription>Say on Pay - On an advisory basis, to approve the compensation of our named executive officers as disclosed in the accompanying Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>28900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>28900.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Korn Ferry</issuerName>
    <cusip>500643200</cusip>
    <isin>US5006432000</isin>
    <meetingDate>09/25/2024</meetingDate>
    <voteDescription>Advisory (non-binding) resolution to approve the Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>35792.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>35792.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Altimmune, Inc.</issuerName>
    <cusip>02155H200</cusip>
    <isin>US02155H2004</isin>
    <meetingDate>09/26/2024</meetingDate>
    <voteDescription>Hold an advisory vote on the compensation of the Company's named executive officers as disclosed in the attached Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>600.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Seres Therapeutics, Inc.</issuerName>
    <cusip>81750R201</cusip>
    <isin>US81750R2013</isin>
    <meetingDate>09/26/2024</meetingDate>
    <voteDescription>To approve, on a non-binding, advisory basis, certain compensation that will or may become payable to our named executive officers in connection with the Transaction.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>250000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>250000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Sachem Capital Corp.</issuerName>
    <cusip>78590A109</cusip>
    <isin>US78590A1097</isin>
    <meetingDate>10/01/2024</meetingDate>
    <voteDescription>APPROVAL OF THE NON-BINDING ADVISORY RESOLUTION RELATING TO EXECUTIVE COMPENSATION.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>64200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>64200.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Sachem Capital Corp.</issuerName>
    <cusip>78590A109</cusip>
    <isin>US78590A1097</isin>
    <meetingDate>10/01/2024</meetingDate>
    <voteDescription>APPROVAL OF THE NON-BINDING ADVISORY VOTE ON THE FREQUENCY OF AN ADVISORY VOTE ON EXECUTIVE COMPENSATION.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>64200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>64200.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Desktop Metal, Inc.</issuerName>
    <cusip>25058X303</cusip>
    <isin>US25058X3035</isin>
    <meetingDate>10/02/2024</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the executive officer compensation that will or may be paid to Desktop Metal's named executive officers that is based on or otherwise relates to the transactions contemplated by the Merger Agreement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>29764.000000</sharesVoted>
    <sharesOnLoan>9141.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>29764.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Semler Scientific, Inc.</issuerName>
    <cusip>81684M104</cusip>
    <isin>US81684M1045</isin>
    <meetingDate>10/04/2024</meetingDate>
    <voteDescription>Proposal 2 - Approve, on an advisory basis, the compensation of our named executive officers as disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1655.000000</sharesVoted>
    <sharesOnLoan>19021.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>1655.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Frequency Electronics, Inc.</issuerName>
    <cusip>358010106</cusip>
    <isin>US3580101067</isin>
    <meetingDate>10/08/2024</meetingDate>
    <voteDescription>Approval of the non-binding advisory vote on the compensation of the Company's Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>21500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>21500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Richardson Electronics, Ltd.</issuerName>
    <cusip>763165107</cusip>
    <isin>US7631651079</isin>
    <meetingDate>10/08/2024</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>46911.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>46911.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>The Procter &amp; Gamble Company</issuerName>
    <cusip>742718109</cusip>
    <isin>US7427181091</isin>
    <meetingDate>10/08/2024</meetingDate>
    <voteDescription>Advisory Vote to Approve the Company's Executive Compensation (the &quot;Say on Pay&quot; vote)</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Star Equity Holdings, Inc.</issuerName>
    <cusip>85513Q301</cusip>
    <isin>US85513Q3011</isin>
    <meetingDate>10/10/2024</meetingDate>
    <voteDescription>The advisory (non-binding) approval of the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>10678.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>10678.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MillerKnoll, Inc.</issuerName>
    <cusip>600544100</cusip>
    <isin>US6005441000</isin>
    <meetingDate>10/14/2024</meetingDate>
    <voteDescription>Proposal to approve, on an advisory basis, the Company's Named Executive Officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>322000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>322000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Ambac Financial Group, Inc.</issuerName>
    <cusip>023139884</cusip>
    <isin>US0231398845</isin>
    <meetingDate>10/16/2024</meetingDate>
    <voteDescription>To approve, on an advisory (non-binding) basis, the compensation that will or may be paid or provided by Ambac to its named executive officers in connection with the Sale.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>200000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>200000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Kearny Financial Corp.</issuerName>
    <cusip>48716P108</cusip>
    <isin>US48716P1084</isin>
    <meetingDate>10/17/2024</meetingDate>
    <voteDescription>Approval of an advisory, non-binding resolution to approve our executive compensation as described in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>151462.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>151462.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Medtronic Plc</issuerName>
    <cusip>G5960L103</cusip>
    <isin>IE00BTN1Y115</isin>
    <meetingDate>10/17/2024</meetingDate>
    <voteDescription>Approving, on an advisory basis, the Company's executive compensation;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Newmark Group, Inc.</issuerName>
    <cusip>65158N102</cusip>
    <isin>US65158N1028</isin>
    <meetingDate>10/17/2024</meetingDate>
    <voteDescription>Approval, on an advisory basis, of executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>891557.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>891557.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Resources Connection, Inc.</issuerName>
    <cusip>76122Q105</cusip>
    <isin>US76122Q1058</isin>
    <meetingDate>10/17/2024</meetingDate>
    <voteDescription>The approval, on an advisory basis, of the Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>135500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>135500.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Iteris, Inc.</issuerName>
    <cusip>46564T107</cusip>
    <isin>US46564T1079</isin>
    <meetingDate>10/22/2024</meetingDate>
    <voteDescription>To approve, on a non binding, advisory basis, certain compensation that will or may become payable to Iteris, Inc.'s named executive officers in connection with the transactions contemplated by the Merger Agreement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>33145.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>33145.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Mastercraft Boat Holdings, Inc.</issuerName>
    <cusip>57637H103</cusip>
    <isin>US57637H1032</isin>
    <meetingDate>10/22/2024</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>51600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>51600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>PetIQ, Inc.</issuerName>
    <cusip>71639T106</cusip>
    <isin>US71639T1060</isin>
    <meetingDate>10/22/2024</meetingDate>
    <voteDescription>To approve, on a non-binding, advisory basis, the compensation that will or may become payable by PetIQ, Inc. to its named executive officers in connection with the merger agreement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>195716.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>195716.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>SigmaTron International, Inc.</issuerName>
    <cusip>82661L101</cusip>
    <isin>US82661L1017</isin>
    <meetingDate>10/22/2024</meetingDate>
    <voteDescription>PROPOSAL TO PROVIDE APPROVAL OF THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS. (advisory only)</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>72800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>72800.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>SigmaTron International, Inc.</issuerName>
    <cusip>82661L101</cusip>
    <isin>US82661L1017</isin>
    <meetingDate>10/22/2024</meetingDate>
    <voteDescription>RECOMMENDATION REGARDING THE FREQUENCY OF ADVISORY VOTES ON EXECUTIVE COMPENSATION. (advisory only)</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>72800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>72800.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Standex International Corporation</issuerName>
    <cusip>854231107</cusip>
    <isin>US8542311076</isin>
    <meetingDate>10/22/2024</meetingDate>
    <voteDescription>To conduct an advisory vote on the total compensation paid to the executives of the Company.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>24800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>24800.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>The First Bancshares, Inc.</issuerName>
    <cusip>318916103</cusip>
    <isin>US3189161033</isin>
    <meetingDate>10/22/2024</meetingDate>
    <voteDescription>A proposal to approve, on an advisory (non-binding) basis, specified compensation that may become payable to the named executive officers of The First Bancshares, Inc. in connection with the merger.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>151400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>151400.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Glatfelter Corporation</issuerName>
    <cusip>55939A107</cusip>
    <isin>US55939A1079</isin>
    <meetingDate>10/23/2024</meetingDate>
    <voteDescription>&quot;Golden Parachute&quot; Compensation Proposal. To approve, on an advisory (non-binding) basis, the &quot;golden parachute&quot; compensation payments that will or may be paid by Glatfelter to its named executive officers in connection with the Merger.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>90700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>90700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>GMS Inc.</issuerName>
    <cusip>36251C103</cusip>
    <isin>US36251C1036</isin>
    <meetingDate>10/23/2024</meetingDate>
    <voteDescription>Advisory vote to approve named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>63365.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>63365.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>STRATTEC SECURITY CORPORATION</issuerName>
    <cusip>863111100</cusip>
    <isin>US8631111007</isin>
    <meetingDate>10/23/2024</meetingDate>
    <voteDescription>To approve the non-binding advisory proposal on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>23512.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>23512.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>James River Group Holdings, Ltd.</issuerName>
    <cusip>G5005R107</cusip>
    <isin>BMG5005R1079</isin>
    <meetingDate>10/24/2024</meetingDate>
    <voteDescription>To approve, on a non-binding, advisory basis, the 2023 compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>75000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>75000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>James River Group Holdings, Ltd.</issuerName>
    <cusip>G5005R107</cusip>
    <isin>BMG5005R1079</isin>
    <meetingDate>10/24/2024</meetingDate>
    <voteDescription>To approve, on a non-binding, advisory basis, the frequency of future shareholder votes on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>75000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>75000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Neogen Corporation</issuerName>
    <cusip>640491106</cusip>
    <isin>US6404911066</isin>
    <meetingDate>10/24/2024</meetingDate>
    <voteDescription>To Approve, On An Advisory Basis, The Compensation of Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>60593.000000</sharesVoted>
    <sharesOnLoan>252507.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>60593.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Southern Missouri Bancorp, Inc.</issuerName>
    <cusip>843380106</cusip>
    <isin>US8433801060</isin>
    <meetingDate>10/28/2024</meetingDate>
    <voteDescription>Advisory (non-binding) vote on executive compensation as disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>11000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>11000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Southern Missouri Bancorp, Inc.</issuerName>
    <cusip>843380106</cusip>
    <isin>US8433801060</isin>
    <meetingDate>10/28/2024</meetingDate>
    <voteDescription>The advisory (non-binding) vote as to whether future advisory votes on executive compensation should be held every year, every two years or every three years.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>11000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>11000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Unifi, Inc.</issuerName>
    <cusip>904677200</cusip>
    <isin>US9046772003</isin>
    <meetingDate>10/29/2024</meetingDate>
    <voteDescription>Advisory vote to approve UNIFI's named executive officer compensation in fiscal 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>118673.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>118673.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Twin Disc, Incorporated</issuerName>
    <cusip>901476101</cusip>
    <isin>US9014761012</isin>
    <meetingDate>10/31/2024</meetingDate>
    <voteDescription>Advisory Vote to Approve the Compensation of the Corporation's Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>59283.000000</sharesVoted>
    <sharesOnLoan>5918.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>59283.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Lantronix, Inc.</issuerName>
    <cusip>516548203</cusip>
    <isin>US5165482036</isin>
    <meetingDate>11/05/2024</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation paid to our named executive officers as described in the proxy statement accompanying this notice.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>15200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>15200.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>LSI Industries Inc.</issuerName>
    <cusip>50216C108</cusip>
    <isin>US50216C1080</isin>
    <meetingDate>11/05/2024</meetingDate>
    <voteDescription>Advisory vote on the compensation of the named executive officers as described in the Company's proxy statement (the &quot;Say-on-Pay&quot; vote&quot;)</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>1600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Matrix Service Company</issuerName>
    <cusip>576853105</cusip>
    <isin>US5768531056</isin>
    <meetingDate>11/05/2024</meetingDate>
    <voteDescription>Advisory vote on named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>64200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>64200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Automatic Data Processing, Inc.</issuerName>
    <cusip>053015103</cusip>
    <isin>US0530151036</isin>
    <meetingDate>11/06/2024</meetingDate>
    <voteDescription>Advisory Vote on Executive Compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>19740.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>19740.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Brinker International, Inc.</issuerName>
    <cusip>109641100</cusip>
    <isin>US1096411004</isin>
    <meetingDate>11/06/2024</meetingDate>
    <voteDescription>Advisory Vote to Approve Executive Compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>51800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>51800.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Enstar Group Limited</issuerName>
    <cusip>G3075P101</cusip>
    <isin>BMG3075P1014</isin>
    <meetingDate>11/06/2024</meetingDate>
    <voteDescription>To approve, on a non-binding, advisory basis, the compensation that will or may become payable by Enstar to its named executive officers in connection with the Mergers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>14700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>14700.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Ethan Allen Interiors Inc.</issuerName>
    <cusip>297602104</cusip>
    <isin>US2976021046</isin>
    <meetingDate>11/06/2024</meetingDate>
    <voteDescription>To approve, by a non-binding advisory vote, executive compensation of the Company's Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>165850.000000</sharesVoted>
    <sharesOnLoan>1150.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>165850.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>KLA Corporation</issuerName>
    <cusip>482480100</cusip>
    <isin>US4824801009</isin>
    <meetingDate>11/06/2024</meetingDate>
    <voteDescription>To approve on a non-binding, advisory basis our named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>3375.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>3375.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Regis Corporation</issuerName>
    <cusip>758932206</cusip>
    <isin>US7589322061</isin>
    <meetingDate>11/06/2024</meetingDate>
    <voteDescription>Advisory vote on the compensation of the Company's named executive officers (the &quot;Say-on-Pay Vote&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>3458.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>3458.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Territorial Bancorp Inc.</issuerName>
    <cusip>88145X108</cusip>
    <isin>US88145X1081</isin>
    <meetingDate>11/06/2024</meetingDate>
    <voteDescription>To approve a non-binding, advisory proposal to approve the compensation payable to the named executive officers of Territorial in connection with the Merger (the &quot;Compensation Proposal&quot;); and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>1300.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Lifecore Biomedical, Inc.</issuerName>
    <cusip>514766104</cusip>
    <isin>US5147661046</isin>
    <meetingDate>11/07/2024</meetingDate>
    <voteDescription>To approve a non-binding advisory proposal on the compensation of the Company's named executive officers, as described in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>55700.000000</sharesVoted>
    <sharesOnLoan>21200.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>55700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>LifeVantage Corporation</issuerName>
    <cusip>53222K205</cusip>
    <isin>US53222K2050</isin>
    <meetingDate>11/07/2024</meetingDate>
    <voteDescription>To approve a non-binding, advisory resolution approving the compensation of our named executive officers;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>31906.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>31906.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>LifeVantage Corporation</issuerName>
    <cusip>53222K205</cusip>
    <isin>US53222K2050</isin>
    <meetingDate>11/07/2024</meetingDate>
    <voteDescription>To approve a non-binding, advisory resolution approving the frequency of future stockholder advisory votes on the compensation of our named executive officers of one, two, or three years.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>31906.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>31906.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Universal Security Instruments, Inc.</issuerName>
    <cusip>913821302</cusip>
    <isin>US9138213023</isin>
    <meetingDate>11/07/2024</meetingDate>
    <voteDescription>A non-binding resolution to approve the compensation of the named executive officers</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>95980.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>95980.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Alpha and Omega Semiconductor Limited</issuerName>
    <cusip>G6331P104</cusip>
    <isin>BMG6331P1041</isin>
    <meetingDate>11/08/2024</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's named executive officers, as described in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>7144.000000</sharesVoted>
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    <vote>
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        <sharesVoted>7144.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>03475V101</cusip>
    <isin>US03475V1017</isin>
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    <voteDescription>Say-on-Pay - An advisory vote on the approval of compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>88400.000000</sharesVoted>
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    <vote>
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        <howVoted>FOR</howVoted>
        <sharesVoted>88400.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>210502100</cusip>
    <isin>US2105021008</isin>
    <meetingDate>11/12/2024</meetingDate>
    <voteDescription>To approve an advisory resolution on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>249609.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>249609.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Equity Commonwealth</issuerName>
    <cusip>294628102</cusip>
    <isin>US2946281027</isin>
    <meetingDate>11/12/2024</meetingDate>
    <voteDescription>To approve, on an advisory, non-binding basis, the compensation that may become payable by the Company to its named executive officers in connection with the Plan of Sale.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>162600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
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        <sharesVoted>162600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>SelectQuote, Inc.</issuerName>
    <cusip>816307300</cusip>
    <isin>US8163073005</isin>
    <meetingDate>11/12/2024</meetingDate>
    <voteDescription>To approve, by non-binding advisory vote, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>265335.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>265335.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>A-Mark Precious Metals, Inc.</issuerName>
    <cusip>00181T107</cusip>
    <isin>US00181T1079</isin>
    <meetingDate>11/13/2024</meetingDate>
    <voteDescription>To vote, on an advisory basis, to approve the fiscal year 2024 compensation of the named executive officers of the Company.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>10000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>10000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Axos Financial, Inc.</issuerName>
    <cusip>05465C100</cusip>
    <isin>US05465C1009</isin>
    <meetingDate>11/14/2024</meetingDate>
    <voteDescription>To approve in a non-binding and advisory vote, the compensation of the Company's Named Executive Officers as disclosed in this Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>102900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>102900.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Tapestry, Inc.</issuerName>
    <cusip>876030107</cusip>
    <isin>US8760301072</isin>
    <meetingDate>11/14/2024</meetingDate>
    <voteDescription>Advisory vote to approve the Company's executive compensation, as discussed and described in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>49300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>49300.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Electromed, Inc.</issuerName>
    <cusip>285409108</cusip>
    <isin>US2854091087</isin>
    <meetingDate>11/15/2024</meetingDate>
    <voteDescription>To approve, on a non-binding and advisory basis, our executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>79363.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>79363.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Kimball Electronics, Inc.</issuerName>
    <cusip>49428J109</cusip>
    <isin>US49428J1097</isin>
    <meetingDate>11/15/2024</meetingDate>
    <voteDescription>To approve, by a non-binding, advisory vote, the compensation paid to the Company's Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>77200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>77200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Kimball Electronics, Inc.</issuerName>
    <cusip>49428J109</cusip>
    <isin>US49428J1097</isin>
    <meetingDate>11/15/2024</meetingDate>
    <voteDescription>To approve, by a non-binding, advisory vote, the frequency of future advisory votes on the compensation paid to our Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>77200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>77200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Radiant Logistics, Inc.</issuerName>
    <cusip>75025X100</cusip>
    <isin>US75025X1000</isin>
    <meetingDate>11/15/2024</meetingDate>
    <voteDescription>To approve, on an advisory basis, our executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>236850.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>236850.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>Bally's Corporation</issuerName>
    <cusip>05875B106</cusip>
    <isin>US05875B1061</isin>
    <meetingDate>11/19/2024</meetingDate>
    <voteDescription>To approve, on a non-binding, advisory basis, the compensation that will or may become payable by the Company to its named executive officers in connection with the transactions contemplated by the Merger Agreement (the &quot;Advisory Compensation Proposal&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>90000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>90000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Byrna Technologies Inc.</issuerName>
    <cusip>12448X201</cusip>
    <isin>US12448X2018</isin>
    <meetingDate>11/20/2024</meetingDate>
    <voteDescription>Approval, by non-binding vote, the Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>61771.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>61771.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>The LGL Group, Inc.</issuerName>
    <cusip>50186A108</cusip>
    <isin>US50186A1088</isin>
    <meetingDate>11/20/2024</meetingDate>
    <voteDescription>To approve a non-binding advisory resolution regarding the compensation of our Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>29200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>29200.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Accuray Incorporated</issuerName>
    <cusip>004397105</cusip>
    <isin>US0043971052</isin>
    <meetingDate>11/21/2024</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>239800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>239800.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>ARC Document Solutions, Inc.</issuerName>
    <cusip>00191G103</cusip>
    <isin>US00191G1031</isin>
    <meetingDate>11/21/2024</meetingDate>
    <voteDescription>A proposal to approve, by nonbinding, advisory vote, certain compensation arrangements for ARC's named executive officers in connection with the Merger; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>4900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>4900.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Battalion Oil Corporation</issuerName>
    <cusip>07134L107</cusip>
    <isin>US07134L1070</isin>
    <meetingDate>11/21/2024</meetingDate>
    <voteDescription>To approve, in a non-binding advisory vote, executive compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>3100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>3100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Battalion Oil Corporation</issuerName>
    <cusip>07134L107</cusip>
    <isin>US07134L1070</isin>
    <meetingDate>11/21/2024</meetingDate>
    <voteDescription>To determine, in a non-binding advisory vote, whether a stockholder vote to approve the compensation of our named executive officers should occur every one, two or three years.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>3100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>3100.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>CorMedix Inc.</issuerName>
    <cusip>21900C308</cusip>
    <isin>US21900C3088</isin>
    <meetingDate>11/21/2024</meetingDate>
    <voteDescription>To approve on a non-binding advisory basis the compensation of our named executive officers for 2023.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>2500.000000</sharesVoted>
    <sharesOnLoan>123200.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>2500.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    </vote>
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  <proxyTable>
    <issuerName>Pro-Dex, Inc.</issuerName>
    <cusip>74265M205</cusip>
    <isin>US74265M2052</isin>
    <meetingDate>11/21/2024</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of the Company's Named Executive Officers</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>1700.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Provident Financial Holdings, Inc.</issuerName>
    <cusip>743868101</cusip>
    <isin>US7438681014</isin>
    <meetingDate>11/21/2024</meetingDate>
    <voteDescription>Advisory approval of the compensation of our named executive officers as disclosed in this Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>46417.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>46417.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Key Tronic Corporation</issuerName>
    <cusip>493144109</cusip>
    <isin>US4931441095</isin>
    <meetingDate>11/25/2024</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of the Company's named executive officers, as disclosed in &quot;Executive Compensation&quot; in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>54900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>54900.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    </vote>
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  <proxyTable>
    <issuerName>Vista Outdoor Inc.</issuerName>
    <cusip>928377100</cusip>
    <isin>US9283771007</isin>
    <meetingDate>11/25/2024</meetingDate>
    <voteDescription>To approve, by advisory (non-binding) vote, the compensation that may be paid or become payable to Vista Outdoor's named executive officers in connection with the consummation of the Merger.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>267191.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>267191.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>bluebird bio, Inc.</issuerName>
    <cusip>09609G209</cusip>
    <isin>US09609G2093</isin>
    <meetingDate>12/04/2024</meetingDate>
    <voteDescription>The approval, on a non-binding, advisory basis, of the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>200000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>200000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Great Elm Group, Inc.</issuerName>
    <cusip>39037G109</cusip>
    <isin>US39037G1094</isin>
    <meetingDate>12/04/2024</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of the Corporation's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>54097.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>54097.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>Great Elm Group, Inc.</issuerName>
    <cusip>39037G109</cusip>
    <isin>US39037G1094</isin>
    <meetingDate>12/04/2024</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the frequency of future stockholder advisory votes on the compensation of the Corporation's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>54097.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>54097.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Legacy Housing Corporation</issuerName>
    <cusip>52472M101</cusip>
    <isin>US52472M1018</isin>
    <meetingDate>12/04/2024</meetingDate>
    <voteDescription>Non-Binding &quot;Say on Pay&quot; Vote</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>3331.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>3331.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Legacy Housing Corporation</issuerName>
    <cusip>52472M101</cusip>
    <isin>US52472M1018</isin>
    <meetingDate>12/04/2024</meetingDate>
    <voteDescription>Non-Binding &quot;Say on Frequency&quot; Vote</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>3331.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>3331.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Evolution Petroleum Corporation</issuerName>
    <cusip>30049A107</cusip>
    <isin>US30049A1079</isin>
    <meetingDate>12/05/2024</meetingDate>
    <voteDescription>Approval, in a non-binding advisory vote, of the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesVoted>98333.000000</sharesVoted>
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        <managementRecommendation>FOR</managementRecommendation>
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    <voteDescription>To approve, on a non-binding advisory basis, the compensation of our named executive officers for the fiscal year ended December 31, 2023.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <vote>
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        <sharesVoted>34000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>47012E403</cusip>
    <isin>US47012E4035</isin>
    <meetingDate>12/06/2024</meetingDate>
    <voteDescription>To conduct an advisory vote on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
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        <sharesVoted>93762.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>74051N102</cusip>
    <isin>US74051N1028</isin>
    <meetingDate>12/06/2024</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of our Named Executive Officers as disclosed in the proxy statement for the Annual Meeting.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesOnLoan>235048.000000</sharesOnLoan>
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        <sharesVoted>77352.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>92556V106</cusip>
    <isin>US92556V1061</isin>
    <meetingDate>12/06/2024</meetingDate>
    <voteDescription>Approval of, on a non-binding advisory basis, the 2023 compensation of the named executive officers of the Company.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>99500.000000</sharesVoted>
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        <sharesVoted>99500.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>17275R102</cusip>
    <isin>US17275R1023</isin>
    <meetingDate>12/09/2024</meetingDate>
    <voteDescription>Approval, on an advisory basis, of executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>42800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
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        <sharesVoted>42800.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>55826T102</cusip>
    <isin>US55826T1025</isin>
    <meetingDate>12/09/2024</meetingDate>
    <voteDescription>An advisory vote on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>2192.000000</sharesVoted>
    <sharesOnLoan>167808.000000</sharesOnLoan>
    <vote>
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        <howVoted>AGAINST</howVoted>
        <sharesVoted>2192.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>594918104</cusip>
    <isin>US5949181045</isin>
    <meetingDate>12/10/2024</meetingDate>
    <voteDescription>Advisory Vote to Approve Named Executive Officer Compensation (&quot;say-on-pay vote&quot;)</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>20750.000000</sharesVoted>
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        <sharesVoted>20750.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>806037107</cusip>
    <isin>US8060371072</isin>
    <meetingDate>12/10/2024</meetingDate>
    <voteDescription>Advisory vote to approve the Company's named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>229851.000000</sharesVoted>
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    <vote>
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        <sharesVoted>229851.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>XCel Brands, Inc.</issuerName>
    <cusip>98400M200</cusip>
    <isin>US98400M2008</isin>
    <meetingDate>12/10/2024</meetingDate>
    <voteDescription>To approve, on a non-binding basis, the compensation of our named executive officers as described in the proxy statement</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>4200.000000</sharesVoted>
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    <vote>
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        <howVoted>FOR</howVoted>
        <sharesVoted>4200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>98400M200</cusip>
    <isin>US98400M2008</isin>
    <meetingDate>12/10/2024</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the frequency of future advisory votes on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>4200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>4200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Zymeworks Inc.</issuerName>
    <cusip>98985Y108</cusip>
    <isin>US98985Y1082</isin>
    <meetingDate>12/10/2024</meetingDate>
    <voteDescription>Advisory Vote on the compensation of our named executive officers</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>406900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>406900.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>339382103</cusip>
    <isin>US3393821034</isin>
    <meetingDate>12/11/2024</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>36759.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>36759.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Oragenics, Inc.</issuerName>
    <cusip>684023609</cusip>
    <isin>US6840236094</isin>
    <meetingDate>12/11/2024</meetingDate>
    <voteDescription>Advisory vote on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>7334.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
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        <howVoted>FOR</howVoted>
        <sharesVoted>7334.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Premier Financial Corp.</issuerName>
    <cusip>74052F108</cusip>
    <isin>US74052F1084</isin>
    <meetingDate>12/11/2024</meetingDate>
    <voteDescription>To approve, in a non-binding advisory vote, the compensation payable to the named executive officers of Premier Financial in connection with the Merger.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>80300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>80300.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>RCM Technologies, Inc.</issuerName>
    <cusip>749360400</cusip>
    <isin>US7493604000</isin>
    <meetingDate>12/12/2024</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of our named executive officers for 2023.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>39142.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>39142.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>860897107</cusip>
    <isin>US8608971078</isin>
    <meetingDate>12/12/2024</meetingDate>
    <voteDescription>Advisory vote on the frequency of solicitation of advisory stockholder approval of executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>71000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>71000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Stitch Fix, Inc.</issuerName>
    <cusip>860897107</cusip>
    <isin>US8608971078</isin>
    <meetingDate>12/12/2024</meetingDate>
    <voteDescription>Advisory vote to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>71000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>71000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
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    <issuerName>Astrotech Corporation</issuerName>
    <cusip>046484309</cusip>
    <isin>US0464843095</isin>
    <meetingDate>12/13/2024</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>4700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>4700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>AIM ImmunoTech Inc.</issuerName>
    <cusip>00901B303</cusip>
    <isin>US00901B3033</isin>
    <meetingDate>12/17/2024</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>0.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
  </proxyTable>
  <proxyTable>
    <issuerName>AIM ImmunoTech Inc.</issuerName>
    <cusip>00901B303</cusip>
    <isin>US00901B3033</isin>
    <meetingDate>12/17/2024</meetingDate>
    <voteDescription>The Company's proposal to approve, on an advisory basis, the Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>11000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>11000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
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  </proxyTable>
  <proxyTable>
    <issuerName>United Natural Foods, Inc.</issuerName>
    <cusip>911163103</cusip>
    <isin>US9111631035</isin>
    <meetingDate>12/17/2024</meetingDate>
    <voteDescription>To approve, on an advisory basis, our executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>376856.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>376856.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Winnebago Industries, Inc.</issuerName>
    <cusip>974637100</cusip>
    <isin>US9746371007</isin>
    <meetingDate>12/17/2024</meetingDate>
    <voteDescription>Approve, on an advisory basis, the compensation of our named executive officers</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>0.000000</sharesVoted>
    <sharesOnLoan>121481.000000</sharesOnLoan>
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  <proxyTable>
    <issuerName>eGain Corporation</issuerName>
    <cusip>28225C806</cusip>
    <isin>US28225C8064</isin>
    <meetingDate>12/18/2024</meetingDate>
    <voteDescription>Approval, on a non-binding advisory basis, paid by us to our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>45900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>45900.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Patriot National Bancorp, Inc.</issuerName>
    <cusip>70336F203</cusip>
    <isin>US70336F2039</isin>
    <meetingDate>12/18/2024</meetingDate>
    <voteDescription>Advisory vote to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>22682.000000</sharesVoted>
    <sharesOnLoan>1000.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>22682.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  </proxyTable>
  <proxyTable>
    <issuerName>Fundamental Global Inc.</issuerName>
    <cusip>30329Y304</cusip>
    <isin>US30329Y3045</isin>
    <meetingDate>12/19/2024</meetingDate>
    <voteDescription>To consider and act upon a non-binding advisory resolution to approve the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>923.000000</sharesVoted>
    <sharesOnLoan>752.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>923.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Primis Financial Corp.</issuerName>
    <cusip>74167B109</cusip>
    <isin>US74167B1098</isin>
    <meetingDate>12/19/2024</meetingDate>
    <voteDescription>ADVISORY VOTE ON EXECUTIVE COMPENSATION. To conduct an advisory (non-binding) vote to approve the compensation of the Company's named executive officers; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>111057.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>111057.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>CrossFirst Bankshares, Inc.</issuerName>
    <cusip>22766M109</cusip>
    <isin>US22766M1099</isin>
    <meetingDate>12/20/2024</meetingDate>
    <voteDescription>CrossFirst compensation proposal. Proposal to approve, on an advisory (non-binding) basis, the merger-related compensation payments that will or may be paid to the named executive officers of CrossFirst in connection with the transactions contemplated by the merger agreement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>184100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>184100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Evans Bancorp, Inc.</issuerName>
    <cusip>29911Q208</cusip>
    <isin>US29911Q2084</isin>
    <meetingDate>12/20/2024</meetingDate>
    <voteDescription>Approval, on an advisory (non-binding) basis, specified compensation that may become payable to the named executive officers of Evans Bancorp, Inc. in connection with the merger, as described in the accompanying proxy statement/prospectus.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>17800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>17800.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>First Busey Corporation</issuerName>
    <cusip>319383204</cusip>
    <isin>US3193832041</isin>
    <meetingDate>12/20/2024</meetingDate>
    <voteDescription>A proposal to approve, on an advisory (non-binding) basis, the merger-related compensation payments that will or may be paid to the named executive officers of Busey in connection with the transactions contemplated by the merger agreement (the &quot;Busey compensation proposal&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>174000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>174000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Gulf Resources, Inc.</issuerName>
    <cusip>40251W408</cusip>
    <isin>US40251W4087</isin>
    <meetingDate>12/20/2024</meetingDate>
    <voteDescription>To conduct an advisory vote to approve the compensation paid to the Company's named executive officers, as disclosed under the caption Election of Directors - Executive Compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>34480.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>34480.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Kandi Technologies Group, Inc.</issuerName>
    <cusip>G5214E103</cusip>
    <isin>VGG5214E1034</isin>
    <meetingDate>12/27/2024</meetingDate>
    <voteDescription>Advisory Vote to Ratify Named Executive Officers' Compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>355114.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>355114.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Cineverse Corp.</issuerName>
    <cusip>172406308</cusip>
    <isin>US1724063086</isin>
    <meetingDate>12/30/2024</meetingDate>
    <voteDescription>To approve, by non-binding advisory vote, executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>9067.000000</sharesVoted>
    <sharesOnLoan>16000.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>9067.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>BM Technologies, Inc.</issuerName>
    <cusip>05591L107</cusip>
    <isin>US05591L1070</isin>
    <meetingDate>01/03/2025</meetingDate>
    <voteDescription>To approve, by advisory (non-binding) vote, the compensation that may be paid or become payable to the Company's named executive officers in connection with the consummation of the Merger.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>4000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>4000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
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  <proxyTable>
    <issuerName>The Greenbrier Companies, Inc.</issuerName>
    <cusip>393657101</cusip>
    <isin>US3936571013</isin>
    <meetingDate>01/09/2025</meetingDate>
    <voteDescription>Advisory Approval of the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>75460.000000</sharesVoted>
    <sharesOnLoan>101040.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>75460.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
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  <proxyTable>
    <issuerName>Comtech Telecommunications Corp.</issuerName>
    <cusip>205826209</cusip>
    <isin>US2058262096</isin>
    <meetingDate>01/13/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of our Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>70000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>70000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Enzo Biochem, Inc.</issuerName>
    <cusip>294100102</cusip>
    <isin>US2941001024</isin>
    <meetingDate>01/15/2025</meetingDate>
    <voteDescription>To approve, by a nonbinding advisory vote, the compensation of the Company's Named Executive Officers (the &quot;Advisory Proposal&quot;);</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>173969.000000</sharesVoted>
    <sharesOnLoan>6831.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>173969.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>Enzo Biochem, Inc.</issuerName>
    <cusip>294100102</cusip>
    <isin>US2941001024</isin>
    <meetingDate>01/15/2025</meetingDate>
    <voteDescription>To recommend by an advisory vote on the frequency of holding the shareholder advisory vote to approve executive compensation (the &quot;Frequency Proposal&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>173969.000000</sharesVoted>
    <sharesOnLoan>6831.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>173969.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
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    <issuerName>Universal Stainless &amp; Alloy Products, Inc.</issuerName>
    <cusip>913837100</cusip>
    <isin>US9138371003</isin>
    <meetingDate>01/15/2025</meetingDate>
    <voteDescription>To approve, on an advisory (non-binding) basis, the compensation that may be paid or become payable to Universal's named executive officers that is based on or otherwise relates to the Merger Agreement and the transactions contemplated by the Merger Agreement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>4131.000000</sharesVoted>
    <sharesOnLoan>36169.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>4131.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Zedge, Inc.</issuerName>
    <cusip>98923T104</cusip>
    <isin>US98923T1043</isin>
    <meetingDate>01/15/2025</meetingDate>
    <voteDescription>Advisory vote on executive compensation:</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>43655.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>43655.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Northern Technologies International Corporation</issuerName>
    <cusip>665809109</cusip>
    <isin>US6658091094</isin>
    <meetingDate>01/17/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of our named executive officers, as disclosed in the accompanying proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>29800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>29800.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Forestar Group Inc.</issuerName>
    <cusip>346232101</cusip>
    <isin>US3462321015</isin>
    <meetingDate>01/20/2025</meetingDate>
    <voteDescription>Approval of the advisory resolution on Forestar's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>224800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>224800.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Costco Wholesale Corporation</issuerName>
    <cusip>22160K105</cusip>
    <isin>US22160K1051</isin>
    <meetingDate>01/23/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>6460.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>6460.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Jabil Inc.</issuerName>
    <cusip>466313103</cusip>
    <isin>US4663131039</isin>
    <meetingDate>01/23/2025</meetingDate>
    <voteDescription>Approve (on an advisory basis) Jabil's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>10460.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>10460.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Sally Beauty Holdings, Inc.</issuerName>
    <cusip>79546E104</cusip>
    <isin>US79546E1047</isin>
    <meetingDate>01/24/2025</meetingDate>
    <voteDescription>Approval of an advisory vote on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>377448.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>377448.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>RGC Resources, Inc.</issuerName>
    <cusip>74955L103</cusip>
    <isin>US74955L1035</isin>
    <meetingDate>01/27/2025</meetingDate>
    <voteDescription>A non-binding shareholder advisory vote on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>25800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>25800.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Radius Recycling, Inc.</issuerName>
    <cusip>806882106</cusip>
    <isin>US8068821060</isin>
    <meetingDate>01/28/2025</meetingDate>
    <voteDescription>To vote on an advisory resolution on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>92800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>92800.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Timberland Bancorp, Inc.</issuerName>
    <cusip>887098101</cusip>
    <isin>US8870981011</isin>
    <meetingDate>01/28/2025</meetingDate>
    <voteDescription>Advisory (non-binding) approval of our executive compensation as disclosed in this Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>91379.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>91379.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Timberland Bancorp, Inc.</issuerName>
    <cusip>887098101</cusip>
    <isin>US8870981011</isin>
    <meetingDate>01/28/2025</meetingDate>
    <voteDescription>Advisory (non-binding) vote on whether an advisory vote on executive compensation should be held every one, two or three years.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>91379.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>91379.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Adams Resources &amp; Energy, Inc.</issuerName>
    <cusip>006351308</cusip>
    <isin>US0063513081</isin>
    <meetingDate>01/29/2025</meetingDate>
    <voteDescription>A proposal to approve, on a non-binding, advisory basis, certain compensation that will or may be paid by Adams to its named executive officers that is based on or otherwise relates to the Merger; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MEI Pharma, Inc.</issuerName>
    <cusip>55279B301</cusip>
    <isin>US55279B3015</isin>
    <meetingDate>01/30/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of our named executive officers as disclosed in this Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>26869.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>26869.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Digi International Inc.</issuerName>
    <cusip>253798102</cusip>
    <isin>US2537981027</isin>
    <meetingDate>02/03/2025</meetingDate>
    <voteDescription>Company proposal to approve, on a non-binding advisory basis, the compensation paid to named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>94300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>94300.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>CSP Inc.</issuerName>
    <cusip>126389105</cusip>
    <isin>US1263891053</isin>
    <meetingDate>02/04/2025</meetingDate>
    <voteDescription>Advisory resolution to approve the compensation paid to the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>63000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>63000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>ESCO Technologies Inc.</issuerName>
    <cusip>296315104</cusip>
    <isin>US2963151046</isin>
    <meetingDate>02/04/2025</meetingDate>
    <voteDescription>An advisory vote to approve the compensation of the Company's executive officers</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>43600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>43600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Farmer Bros. Co.</issuerName>
    <cusip>307675108</cusip>
    <isin>US3076751086</isin>
    <meetingDate>02/04/2025</meetingDate>
    <voteDescription>To hold an advisory (non-binding) vote to approve the compensation paid to the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>46500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>46500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Farmer Bros. Co.</issuerName>
    <cusip>307675108</cusip>
    <isin>US3076751086</isin>
    <meetingDate>02/04/2025</meetingDate>
    <voteDescription>To hold an advisory (non-binding) vote on the frequency of future stockholder advisory votes to approve the compensation paid to the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>46500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>46500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Sandy Spring Bancorp, Inc.</issuerName>
    <cusip>800363103</cusip>
    <isin>US8003631038</isin>
    <meetingDate>02/05/2025</meetingDate>
    <voteDescription>Sandy Spring compensation proposal: Proposal to approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to Sandy Spring's named executive officers that is based on or otherwise relates to the merger; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>72450.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>72450.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Beazer Homes USA, Inc.</issuerName>
    <cusip>07556Q881</cusip>
    <isin>US07556Q8814</isin>
    <meetingDate>02/06/2025</meetingDate>
    <voteDescription>An advisory vote regarding the compensation paid to the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>147500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>147500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Edgewell Personal Care Company</issuerName>
    <cusip>28035Q102</cusip>
    <isin>US28035Q1022</isin>
    <meetingDate>02/06/2025</meetingDate>
    <voteDescription>To cast a non-binding advisory vote on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>141100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>141100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Geospace Technologies Corporation</issuerName>
    <cusip>37364X109</cusip>
    <isin>US37364X1090</isin>
    <meetingDate>02/06/2025</meetingDate>
    <voteDescription>To approve the following non-binding, advisory resolution: &quot;RESOLVED, that the stockholders approve the compensation of the Company's named executive officers as disclosed in the Company's 2025 proxy statement pursuant to Item 402 of Regulation S-K, (which disclosure includes the Overview of the Company Executive Compensation Program, the Summary Compensation Table and the other executive compensation tables and related discussion).&quot;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>27405.000000</sharesVoted>
    <sharesOnLoan>71311.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>27405.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>First Savings Financial Group, Inc.</issuerName>
    <cusip>33621E109</cusip>
    <isin>US33621E1091</isin>
    <meetingDate>02/11/2025</meetingDate>
    <voteDescription>The approval of a non-binding resolution to approve the compensation of the named executive officers as disclosed in the accompanying proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>20700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>20700.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>WaFd, Inc.</issuerName>
    <cusip>938824109</cusip>
    <isin>US9388241096</isin>
    <meetingDate>02/11/2025</meetingDate>
    <voteDescription>ADVISORY VOTE ON THE COMPENSATION OF WAFD, INC.'S NAMED EXECUTIVE OFFICERS.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>227252.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>227252.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Varex Imaging Corporation</issuerName>
    <cusip>92214X106</cusip>
    <isin>US92214X1063</isin>
    <meetingDate>02/13/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, our executive compensation as described in the accompanying Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>124200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>124200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Varex Imaging Corporation</issuerName>
    <cusip>92214X106</cusip>
    <isin>US92214X1063</isin>
    <meetingDate>02/13/2025</meetingDate>
    <voteDescription>To hold an advisory vote on how frequently we conduct an advisory vote of stockholders on our executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>124200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>124200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>The First of Long Island Corporation</issuerName>
    <cusip>320734106</cusip>
    <isin>US3207341062</isin>
    <meetingDate>02/14/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, certain compensation payable as a result of the consummation of the proposed merger.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>38200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>38200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Good Times Restaurants Inc.</issuerName>
    <cusip>382140879</cusip>
    <isin>US3821408792</isin>
    <meetingDate>02/20/2025</meetingDate>
    <voteDescription>To submit an advisory vote on the frequency of future advisory votes to approve the compensation of the Company's named executive officers;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>106000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>106000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Magyar Bancorp, Inc.</issuerName>
    <cusip>55977T208</cusip>
    <isin>US55977T2087</isin>
    <meetingDate>02/20/2025</meetingDate>
    <voteDescription>An advisory vote (non-binding) on the frequency of stockholder voting on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>13579.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>13579.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Magyar Bancorp, Inc.</issuerName>
    <cusip>55977T208</cusip>
    <isin>US55977T2087</isin>
    <meetingDate>02/20/2025</meetingDate>
    <voteDescription>An advisory vote (non-binding) to approve the compensation paid to our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>13579.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>13579.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>OneWater Marine Inc.</issuerName>
    <cusip>68280L101</cusip>
    <isin>US68280L1017</isin>
    <meetingDate>02/20/2025</meetingDate>
    <voteDescription>Approval of, on an advisory (non-binding) basis, the compensation of the Company's Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>4900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>4900.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MarineMax, Inc.</issuerName>
    <cusip>567908108</cusip>
    <isin>US5679081084</isin>
    <meetingDate>02/21/2025</meetingDate>
    <voteDescription>To approve (on an advisory basis) our executive compensation (&quot;say-on-pay&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>0.000000</sharesVoted>
    <sharesOnLoan>6400.000000</sharesOnLoan>
  </proxyTable>
  <proxyTable>
    <issuerName>Apple Inc.</issuerName>
    <cusip>037833100</cusip>
    <isin>US0378331005</isin>
    <meetingDate>02/25/2025</meetingDate>
    <voteDescription>Advisory vote to approve executive compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>31850.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>31850.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Pathward Financial, Inc.</issuerName>
    <cusip>59100U108</cusip>
    <isin>US59100U1088</isin>
    <meetingDate>02/25/2025</meetingDate>
    <voteDescription>To approve, by a non-binding advisory vote, the compensation of our &quot;named executive officers&quot; (a Say-on-Pay vote).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>87131.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>87131.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Hologic Inc.</issuerName>
    <cusip>436440101</cusip>
    <isin>US4364401012</isin>
    <meetingDate>02/26/2025</meetingDate>
    <voteDescription>A non-binding advisory vote to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>36700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>36700.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Johnson Outdoors Inc.</issuerName>
    <cusip>479167108</cusip>
    <isin>US4791671088</isin>
    <meetingDate>02/27/2025</meetingDate>
    <voteDescription>To approve a non-binding advisory proposal on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1959.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>1959.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Lee Enterprises, Incorporated</issuerName>
    <cusip>523768406</cusip>
    <isin>US5237684064</isin>
    <meetingDate>02/27/2025</meetingDate>
    <voteDescription>Approve, by non-binding vote, the Company's compensation of its Named Executive Officers (&quot;Say-On-Pay&quot; vote).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>360.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>360.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Quanex Building Products Corporation</issuerName>
    <cusip>747619104</cusip>
    <isin>US7476191041</isin>
    <meetingDate>02/27/2025</meetingDate>
    <voteDescription>To approve an advisory resolution approving the compensation of the Company's named executive officers</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>29548.000000</sharesVoted>
    <sharesOnLoan>97152.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>29548.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Aadi Bioscience, Inc.</issuerName>
    <cusip>00032Q104</cusip>
    <isin>US00032Q1040</isin>
    <meetingDate>02/28/2025</meetingDate>
    <voteDescription>Non-Binding Advisory Vote on Golden Parachutes Proposal. To approve, on a non-binding, advisory basis, certain compensation that will or may become payable to our named executive officers in connection with the Divestiture.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>269784.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>269784.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Cross Country Healthcare, Inc.</issuerName>
    <cusip>227483104</cusip>
    <isin>US2274831047</isin>
    <meetingDate>02/28/2025</meetingDate>
    <voteDescription>To approve on an advisory (non-binding) basis the compensation that may be paid or become payable to Cross Country's named executive officers that is based on or otherwise relates to the merger; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>2500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>2500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Flanigan's Enterprises, Inc.</issuerName>
    <cusip>338517105</cusip>
    <isin>US3385171059</isin>
    <meetingDate>02/28/2025</meetingDate>
    <voteDescription>To adopt a non-binding resolution to approve the compensation of our Named Executive Officers (&quot;Say on Pay&quot;);</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>21061.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>21061.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Flanigan's Enterprises, Inc.</issuerName>
    <cusip>338517105</cusip>
    <isin>US3385171059</isin>
    <meetingDate>02/28/2025</meetingDate>
    <voteDescription>To consider an advisory vote with respect to the frequency of a shareholder vote to approve a non- binding resolution to approve the compensation of our named executive officers; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>21061.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>21061.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Ingles Markets, Incorporated</issuerName>
    <cusip>457030104</cusip>
    <isin>US4570301048</isin>
    <meetingDate>03/03/2025</meetingDate>
    <voteDescription>To approve, by non-binding vote, executive compensation, as disclosed in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>125000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>125000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>BrightView Holdings, Inc.</issuerName>
    <cusip>10948C107</cusip>
    <isin>US10948C1071</isin>
    <meetingDate>03/04/2025</meetingDate>
    <voteDescription>To approve a non-binding advisory resolution approving the compensation of the named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>634500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>634500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>BrightView Holdings, Inc.</issuerName>
    <cusip>10948C107</cusip>
    <isin>US10948C1071</isin>
    <meetingDate>03/04/2025</meetingDate>
    <voteDescription>To determine in a non-binding advisory vote on the frequency (every one, two or three years) of the advisory vote on the compensation of the named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>634500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>634500.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Amtech Systems, Inc.</issuerName>
    <cusip>032332504</cusip>
    <isin>US0323325045</isin>
    <meetingDate>03/05/2025</meetingDate>
    <voteDescription>To approve the advisory (non-binding) resolution relating to the named executive officer compensation as disclosed in the accompanying proxy statement; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>35600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>35600.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Fair Isaac Corporation</issuerName>
    <cusip>303250104</cusip>
    <isin>US3032501047</isin>
    <meetingDate>03/05/2025</meetingDate>
    <voteDescription>To approve the advisory (non-binding) resolution relating to the named executive officer compensation as disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1250.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>1250.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>StoneX Group Inc.</issuerName>
    <cusip>861896108</cusip>
    <isin>US8618961085</isin>
    <meetingDate>03/05/2025</meetingDate>
    <voteDescription>To approve the advisory (non-binding) resolution relating to executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>50195.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>50195.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Applied Materials, Inc.</issuerName>
    <cusip>038222105</cusip>
    <isin>US0382221051</isin>
    <meetingDate>03/06/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of Applied Materials' named executive officers for fiscal year 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>14020.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>14020.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Cencora, Inc.</issuerName>
    <cusip>03073E105</cusip>
    <isin>US03073E1055</isin>
    <meetingDate>03/06/2025</meetingDate>
    <voteDescription>Advisory vote to approve the fiscal 2024 compensation of Cencora, Inc.'s named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>17730.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>17730.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Adient plc</issuerName>
    <cusip>G0084W101</cusip>
    <isin>IE00BD845X29</isin>
    <meetingDate>03/11/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, our named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>106100.000000</sharesVoted>
    <sharesOnLoan>128900.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>106100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Toll Brothers, Inc.</issuerName>
    <cusip>889478103</cusip>
    <isin>US8894781033</isin>
    <meetingDate>03/11/2025</meetingDate>
    <voteDescription>The approval, in an advisory and non-binding votes of the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>9760.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>9760.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Bassett Furniture Industries, Incorporated</issuerName>
    <cusip>070203104</cusip>
    <isin>US0702031040</isin>
    <meetingDate>03/12/2025</meetingDate>
    <voteDescription>PROPOSAL to consider and act on an advisory vote regarding the approval of compensation paid to certain executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>40844.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>40844.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Bassett Furniture Industries, Incorporated</issuerName>
    <cusip>070203104</cusip>
    <isin>US0702031040</isin>
    <meetingDate>03/12/2025</meetingDate>
    <voteDescription>PROPOSAL to consider and act on an advisory vote regarding the frequency of stockholder approval of the compensation paid to certain executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>40844.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>40844.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>DLH Holdings Corp.</issuerName>
    <cusip>23335Q100</cusip>
    <isin>US23335Q1004</isin>
    <meetingDate>03/13/2025</meetingDate>
    <voteDescription>An Advisory Vote regarding the approval of compensation paid to our named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>92811.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>92811.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>DLH Holdings Corp.</issuerName>
    <cusip>23335Q100</cusip>
    <isin>US23335Q1004</isin>
    <meetingDate>03/13/2025</meetingDate>
    <voteDescription>An Advisory Vote on the frequency of future advisory votes on the compensation of our named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>92811.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>92811.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Enanta Pharmaceuticals, Inc.</issuerName>
    <cusip>29251M106</cusip>
    <isin>US29251M1062</isin>
    <meetingDate>03/13/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the frequency of holding an advisory vote on the compensation paid to our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>46200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>46200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Enanta Pharmaceuticals, Inc.</issuerName>
    <cusip>29251M106</cusip>
    <isin>US29251M1062</isin>
    <meetingDate>03/13/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation paid to our named executive officers, as disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>46200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>46200.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>F5, Inc.</issuerName>
    <cusip>315616102</cusip>
    <isin>US3156161024</isin>
    <meetingDate>03/13/2025</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>12290.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>12290.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Hurco Companies, Inc.</issuerName>
    <cusip>447324104</cusip>
    <isin>US4473241044</isin>
    <meetingDate>03/13/2025</meetingDate>
    <voteDescription>To approve, in an advisory (non-binding) vote, the compensation paid to our named executive officers (&quot;Say on Pay&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>18960.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>18960.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Emerson Radio Corp.</issuerName>
    <cusip>291087203</cusip>
    <isin>US2910872033</isin>
    <meetingDate>03/20/2025</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>47100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>47100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Emerson Radio Corp.</issuerName>
    <cusip>291087203</cusip>
    <isin>US2910872033</isin>
    <meetingDate>03/20/2025</meetingDate>
    <voteDescription>Advisory vote to approve the frequency of future advisory votes to approve the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>47100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>47100.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Optical Cable Corporation</issuerName>
    <cusip>683827208</cusip>
    <isin>US6838272085</isin>
    <meetingDate>03/25/2025</meetingDate>
    <voteDescription>Non-binding advisory vote to approve named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>26700.000000</sharesVoted>
    <sharesOnLoan>900.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>26700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Optical Cable Corporation</issuerName>
    <cusip>683827208</cusip>
    <isin>US6838272085</isin>
    <meetingDate>03/25/2025</meetingDate>
    <voteDescription>Non-binding advisory vote to approve the frequency of future advisory votes on named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>26700.000000</sharesVoted>
    <sharesOnLoan>900.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>26700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Hovnanian Enterprises, Inc.</issuerName>
    <cusip>442487401</cusip>
    <isin>US4424874018</isin>
    <meetingDate>03/27/2025</meetingDate>
    <voteDescription>Approval, in a non-binding advisory vote, of the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>50489.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>50489.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Jefferies Financial Group Inc.</issuerName>
    <cusip>47233W109</cusip>
    <isin>US47233W1099</isin>
    <meetingDate>03/27/2025</meetingDate>
    <voteDescription>Advisory vote to approve 2024 executive-compensation program.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>19600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>19600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Nevro Corp.</issuerName>
    <cusip>64157F103</cusip>
    <isin>US64157F1030</isin>
    <meetingDate>04/02/2025</meetingDate>
    <voteDescription>To approve, on a non-binding, advisory basis, certain compensation that will or may be paid or become payable to Nevro's named executive officers that is based on or otherwise relates to the Merger; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>3500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>3500.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Photronics, Inc.</issuerName>
    <cusip>719405102</cusip>
    <isin>US7194051022</isin>
    <meetingDate>04/02/2025</meetingDate>
    <voteDescription>To approve by non-binding advisory vote, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>166050.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>166050.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Enterprise Bancorp, Inc.</issuerName>
    <cusip>293668109</cusip>
    <isin>US2936681095</isin>
    <meetingDate>04/03/2025</meetingDate>
    <voteDescription>To approve, on a non-binding, advisory basis, the compensation payable to the named executive officers of Enterprise in connection with the merger (the &quot;Enterprise compensation proposal&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>34375.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>34375.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Limoneira Company</issuerName>
    <cusip>532746104</cusip>
    <isin>US5327461043</isin>
    <meetingDate>04/09/2025</meetingDate>
    <voteDescription>To vote on an advisory resolution to approve the compensation of the Named Executive Officers as disclosed in this proxy statement (&quot;Proposal 2&quot;);</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>800.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Seres Therapeutics, Inc.</issuerName>
    <cusip>81750R201</cusip>
    <isin>US81750R2013</isin>
    <meetingDate>04/10/2025</meetingDate>
    <voteDescription>Approval, on an advisory (non-binding) basis, of the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>239900.000000</sharesVoted>
    <sharesOnLoan>10100.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>239900.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Farmers &amp; Merchants Bancorp, Inc.</issuerName>
    <cusip>30779N105</cusip>
    <isin>US30779N1054</isin>
    <meetingDate>04/14/2025</meetingDate>
    <voteDescription>Nonbinding Say-on-Pay Proposal. An advisory vote to approve the executive compensation programs of the Company.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>14730.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>14730.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Otter Tail Corporation</issuerName>
    <cusip>689648103</cusip>
    <isin>US6896481032</isin>
    <meetingDate>04/14/2025</meetingDate>
    <voteDescription>To approve, in a non-binding advisory vote, the compensation provided to the Named Executive Officers as described in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>38100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>38100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>C&amp;F Financial Corporation</issuerName>
    <cusip>12466Q104</cusip>
    <isin>US12466Q1040</isin>
    <meetingDate>04/15/2025</meetingDate>
    <voteDescription>To approve, in an advisory, non-binding vote, the compensation of the Corporation's named executive officers disclosed in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>22890.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>22890.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>C&amp;F Financial Corporation</issuerName>
    <cusip>12466Q104</cusip>
    <isin>US12466Q1040</isin>
    <meetingDate>04/15/2025</meetingDate>
    <voteDescription>To recommend, in an advisory, non-binding vote, the frequency of future advisory, non-binding votes to approve the compensation of the Corporation's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>22890.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>22890.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Citizens Financial Services, Inc.</issuerName>
    <cusip>174615104</cusip>
    <isin>US1746151042</isin>
    <meetingDate>04/15/2025</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of the Company's named executive officers as disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>2448.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>2448.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Civista Bancshares, Inc.</issuerName>
    <cusip>178867107</cusip>
    <isin>US1788671071</isin>
    <meetingDate>04/15/2025</meetingDate>
    <voteDescription>To consider and vote upon a non-binding advisory resolution to approve the compensation of the Corporation's named executive officers as disclosed in the accompanying proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>32523.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>32523.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Civista Bancshares, Inc.</issuerName>
    <cusip>178867107</cusip>
    <isin>US1788671071</isin>
    <meetingDate>04/15/2025</meetingDate>
    <voteDescription>To consider and vote upon a non-binding advisory resolution to approve the frequency of future advisory votes on the compensation of the Corporation's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>32523.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>32523.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>CNB Financial Corporation</issuerName>
    <cusip>126128107</cusip>
    <isin>US1261281075</isin>
    <meetingDate>04/15/2025</meetingDate>
    <voteDescription>a non-binding advisory resolution to approve the compensation of CNB's named executive officers (the &quot;CNB say-on-pay proposal&quot;);</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>64300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>64300.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>ESSA Bancorp, Inc.</issuerName>
    <cusip>29667D104</cusip>
    <isin>US29667D1046</isin>
    <meetingDate>04/15/2025</meetingDate>
    <voteDescription>a proposal to approve, on an advisory (non-binding) basis, specified compensation that may become payable to the named executive officers of ESSA in connection with the merger (the &quot;ESSA compensation proposal&quot;); and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>67243.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>67243.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Fifth Third Bancorp</issuerName>
    <cusip>316773100</cusip>
    <isin>US3167731005</isin>
    <meetingDate>04/15/2025</meetingDate>
    <voteDescription>An advisory vote on approval of the Company's compensation of its named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>31200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>31200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Liberty Energy Inc.</issuerName>
    <cusip>53115L104</cusip>
    <isin>US53115L1044</isin>
    <meetingDate>04/15/2025</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>128268.000000</sharesVoted>
    <sharesOnLoan>160532.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>128268.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Liberty Energy Inc.</issuerName>
    <cusip>53115L104</cusip>
    <isin>US53115L1044</isin>
    <meetingDate>04/15/2025</meetingDate>
    <voteDescription>Advisory vote to determine the frequency of future advisory votes to approve the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>128268.000000</sharesVoted>
    <sharesOnLoan>160532.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>128268.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>U.S. Bancorp</issuerName>
    <cusip>902973304</cusip>
    <isin>US9029733048</isin>
    <meetingDate>04/15/2025</meetingDate>
    <voteDescription>An advisory vote to approve the compensation of our executives disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>52000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>52000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>First Financial Corporation</issuerName>
    <cusip>320218100</cusip>
    <isin>US3202181000</isin>
    <meetingDate>04/16/2025</meetingDate>
    <voteDescription>Approve, by non-binding vote, compensation paid to the Corporation's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>39362.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>39362.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Regions Financial Corporation</issuerName>
    <cusip>7591EP100</cusip>
    <isin>US7591EP1005</isin>
    <meetingDate>04/16/2025</meetingDate>
    <voteDescription>Advisory Vote to Approve Regions' Executive Compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>57900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>57900.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>SB Financial Group, Inc.</issuerName>
    <cusip>78408D105</cusip>
    <isin>US78408D1054</isin>
    <meetingDate>04/16/2025</meetingDate>
    <voteDescription>To approve a non-binding advisory resolution to approve the compensation of SB Financial's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>35490.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>35490.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>SB Financial Group, Inc.</issuerName>
    <cusip>78408D105</cusip>
    <isin>US78408D1054</isin>
    <meetingDate>04/16/2025</meetingDate>
    <voteDescription>To conduct an advisory vote on the frequency of future advisory votes on the compensation of SB Financial's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>35490.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>35490.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>United Bancorp, Inc.</issuerName>
    <cusip>909911109</cusip>
    <isin>US9099111091</isin>
    <meetingDate>04/16/2025</meetingDate>
    <voteDescription>An advisory proposal to approve the Company's executive compensation programs as disclosed in the accompanying proxy statement</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>8400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>8400.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>United Bancorp, Inc.</issuerName>
    <cusip>909911109</cusip>
    <isin>US9099111091</isin>
    <meetingDate>04/16/2025</meetingDate>
    <voteDescription>An advisory proposal on the frequency of future advisory votes regarding the Company's executive compensation programs</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>8400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>8400.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Wesbanco, Inc.</issuerName>
    <cusip>950810101</cusip>
    <isin>US9508101014</isin>
    <meetingDate>04/16/2025</meetingDate>
    <voteDescription>To approve an advisory (non-binding) vote on compensation paid to Wesbanco's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>233240.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>233240.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Farmers National Banc Corp.</issuerName>
    <cusip>309627107</cusip>
    <isin>US3096271073</isin>
    <meetingDate>04/17/2025</meetingDate>
    <voteDescription>To consider and vote upon a non-binding advisory resolution to approve the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>10968.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>10968.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Northwest Bancshares, Inc.</issuerName>
    <cusip>667340103</cusip>
    <isin>US6673401039</isin>
    <meetingDate>04/17/2025</meetingDate>
    <voteDescription>An advisory, non-binding resolution to approve the executive compensation described in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>337700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>337700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Ryerson Holding Corporation</issuerName>
    <cusip>783754104</cusip>
    <isin>US7837541041</isin>
    <meetingDate>04/17/2025</meetingDate>
    <voteDescription>The adoption, on a non-binding, advisory basis, of a resolution approving the compensation of our named executive officers described under the heading Executive Compensation in our proxy statement (&quot;say-on-pay&quot; vote);</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>221778.000000</sharesVoted>
    <sharesOnLoan>9918.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>221778.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Acme United Corporation</issuerName>
    <cusip>004816104</cusip>
    <isin>US0048161048</isin>
    <meetingDate>04/21/2025</meetingDate>
    <voteDescription>Approval, by non-binding advisory vote, of the compensation of the named executive officers of the Company as described in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>19438.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>19438.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Acme United Corporation</issuerName>
    <cusip>004816104</cusip>
    <isin>US0048161048</isin>
    <meetingDate>04/21/2025</meetingDate>
    <voteDescription>Approval, by non-binding advisory vote, on the Frequency of Executive Compensation voting.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>19438.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>19438.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Broadcom Inc.</issuerName>
    <cusip>11135F101</cusip>
    <isin>US11135F1012</isin>
    <meetingDate>04/21/2025</meetingDate>
    <voteDescription>Advisory vote to approve the named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>13600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>13600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Adobe Inc.</issuerName>
    <cusip>00724F101</cusip>
    <isin>US00724F1012</isin>
    <meetingDate>04/22/2025</meetingDate>
    <voteDescription>Approve, on an advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>2440.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>2440.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Bridgewater Bancshares, Inc.</issuerName>
    <cusip>108621103</cusip>
    <isin>US1086211034</isin>
    <meetingDate>04/22/2025</meetingDate>
    <voteDescription>Approve, on a non-binding advisory basis, the compensation paid to our named executive officers; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>57500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>57500.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Community Trust Bancorp, Inc.</issuerName>
    <cusip>204149108</cusip>
    <isin>US2041491083</isin>
    <meetingDate>04/22/2025</meetingDate>
    <voteDescription>Proposal to approve the advisory (nonbinding) resolution relating to executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>60000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>60000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Concrete Pumping Holdings, Inc.</issuerName>
    <cusip>206704108</cusip>
    <isin>US2067041085</isin>
    <meetingDate>04/22/2025</meetingDate>
    <voteDescription>To approve, on a non-binding, advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>263000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>263000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Equity Bancshares, Inc.</issuerName>
    <cusip>29460X109</cusip>
    <isin>US29460X1090</isin>
    <meetingDate>04/22/2025</meetingDate>
    <voteDescription>Advisory vote to approve the compensation paid to the named executive officers of the Company.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>80000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>80000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Getty Realty Corp.</issuerName>
    <cusip>374297109</cusip>
    <isin>US3742971092</isin>
    <meetingDate>04/22/2025</meetingDate>
    <voteDescription>ADVISORY (NON-BINDING) VOTE ON NAMED EXECUTIVE COMPENSATION (SAY-ON-PAY).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>190400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>190400.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Independent Bank Corporation</issuerName>
    <cusip>453838609</cusip>
    <isin>US4538386099</isin>
    <meetingDate>04/22/2025</meetingDate>
    <voteDescription>Approval of an advisory (non-binding) resolution to approve the compensation paid to our executives.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>41500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>41500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Mayville Engineering Company, Inc.</issuerName>
    <cusip>578605107</cusip>
    <isin>US5786051079</isin>
    <meetingDate>04/22/2025</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>114668.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>114668.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Mayville Engineering Company, Inc.</issuerName>
    <cusip>578605107</cusip>
    <isin>US5786051079</isin>
    <meetingDate>04/22/2025</meetingDate>
    <voteDescription>Advisory vote on the frequency of future advisory votes on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>114668.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>114668.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MidWestOne Financial Group, Inc.</issuerName>
    <cusip>598511103</cusip>
    <isin>US5985111039</isin>
    <meetingDate>04/22/2025</meetingDate>
    <voteDescription>To approve, on a non-binding, advisory basis, the compensation of the named executive officers of the Company.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>49260.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>49260.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Northern Trust Corporation</issuerName>
    <cusip>665859104</cusip>
    <isin>US6658591044</isin>
    <meetingDate>04/22/2025</meetingDate>
    <voteDescription>Approval, by an advisory vote, of the 2024 compensation of the Corporation's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>22700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>22700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Penns Woods Bancorp, Inc.</issuerName>
    <cusip>708430103</cusip>
    <isin>US7084301032</isin>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <isin>US74179A1079</isin>
    <meetingDate>04/22/2025</meetingDate>
    <voteDescription>An advisory vote to approve named executive officer compensation;</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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        <sharesVoted>66619.000000</sharesVoted>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <voteDescription>Adoption, in a non-binding advisory vote, of a resolution approving the compensation of our named executive officers.</voteDescription>
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      <voteCategory>
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    <meetingDate>04/22/2025</meetingDate>
    <voteDescription>To provide advisory approval of Trustmark's executive compensation.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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        <sharesVoted>7500.000000</sharesVoted>
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    <cusip>940610108</cusip>
    <isin>US9406101082</isin>
    <meetingDate>04/22/2025</meetingDate>
    <voteDescription>A non-binding advisory resolution to approve the compensation of the Corporation's named executive officers.</voteDescription>
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      <voteCategory>
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        <sharesVoted>7700.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>410120109</cusip>
    <isin>US4101201097</isin>
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    <voteDescription>To approve, on an advisory basis, the compensation of our named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>68621T102</cusip>
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    <meetingDate>04/23/2025</meetingDate>
    <voteDescription>Approve, on a non-binding advisory basis, the compensation of our named executive officers (the &quot;Say-on-Pay Proposal.&quot;)</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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        <sharesVoted>63222.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>840441109</cusip>
    <isin>US8404411097</isin>
    <meetingDate>04/23/2025</meetingDate>
    <voteDescription>Approval, as an advisory, non-binding &quot;say on pay&quot; resolution, of our executive compensation;</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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        <sharesVoted>14640.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>93627C101</cusip>
    <isin>US93627C1018</isin>
    <meetingDate>04/23/2025</meetingDate>
    <voteDescription>MANAGEMENT PROPOSAL: To approve, on an advisory basis, the compensation of the Company's named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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        <sharesVoted>146992.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>03957W106</cusip>
    <isin>US03957W1062</isin>
    <meetingDate>04/24/2025</meetingDate>
    <voteDescription>Advisory, non-binding vote to approve the compensation provided to our Named Executive Officers for 2024</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>8816.000000</sharesVoted>
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        <sharesVoted>8816.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>05350V106</cusip>
    <isin>US05350V1061</isin>
    <meetingDate>04/24/2025</meetingDate>
    <voteDescription>Advisory vote to approve named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>119417.000000</sharesVoted>
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        <sharesVoted>119417.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>055298103</cusip>
    <isin>US0552981039</isin>
    <meetingDate>04/24/2025</meetingDate>
    <voteDescription>An advisory, non-binding resolution with respect to the executive compensation described in the Company's Proxy Statement</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>73700.000000</sharesVoted>
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        <howVoted>FOR</howVoted>
        <sharesVoted>73700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>154760409</cusip>
    <isin>US1547604090</isin>
    <meetingDate>04/24/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation of the company's named executive officers (&quot;Say-On-Pay&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>67000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>67000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>172922106</cusip>
    <isin>US1729221069</isin>
    <meetingDate>04/24/2025</meetingDate>
    <voteDescription>TO APPROVE, IN AN ADVISORY (NON-BINDING) VOTE, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS AS DISCLOSED IN THE PROXY STATEMENT.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>19000.000000</sharesVoted>
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        <howVoted>AGAINST</howVoted>
        <sharesVoted>19000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>174610105</cusip>
    <isin>US1746101054</isin>
    <meetingDate>04/24/2025</meetingDate>
    <voteDescription>Advisory Vote on Executive Compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>66200.000000</sharesVoted>
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        <howVoted>AGAINST</howVoted>
        <sharesVoted>66200.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>235825205</cusip>
    <isin>US2358252052</isin>
    <meetingDate>04/24/2025</meetingDate>
    <voteDescription>Approval of a non-binding advisory proposal approving executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>481600.000000</sharesVoted>
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        <howVoted>AGAINST</howVoted>
        <sharesVoted>481600.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>248019101</cusip>
    <isin>US2480191012</isin>
    <meetingDate>04/24/2025</meetingDate>
    <voteDescription>Advisory vote (non-binding) to approve the compensation of our Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>187000.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>187000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>26942G100</cusip>
    <isin>US26942G1004</isin>
    <meetingDate>04/24/2025</meetingDate>
    <voteDescription>Advisory vote on named executive officer compensation as disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>36621.000000</sharesVoted>
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        <sharesVoted>36621.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>26942G100</cusip>
    <isin>US26942G1004</isin>
    <meetingDate>04/24/2025</meetingDate>
    <voteDescription>Advisory vote on the frequency of the advisory vote on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>36621.000000</sharesVoted>
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        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>36621.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>415864107</cusip>
    <isin>US4158641070</isin>
    <meetingDate>04/24/2025</meetingDate>
    <voteDescription>Vote, on an advisory basis, to approve named executive officer compensation.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>387580.000000</sharesVoted>
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    <vote>
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        <howVoted>AGAINST</howVoted>
        <sharesVoted>387580.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Globe Life Inc.</issuerName>
    <cusip>37959E102</cusip>
    <isin>US37959E1029</isin>
    <meetingDate>04/24/2025</meetingDate>
    <voteDescription>Approval of 2024 Executive Compensation:</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>23400.000000</sharesVoted>
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    <vote>
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        <howVoted>AGAINST</howVoted>
        <sharesVoted>23400.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>45675Y104</cusip>
    <isin>US45675Y1047</isin>
    <meetingDate>04/24/2025</meetingDate>
    <voteDescription>To approve, in a non-binding advisory vote, the compensation paid to the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>145030.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>145030.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>47580P103</cusip>
    <isin>US47580P1030</isin>
    <meetingDate>04/24/2025</meetingDate>
    <voteDescription>To approve, by non-binding advisory vote, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <vote>
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        <sharesVoted>276200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <isin>US4781601046</isin>
    <meetingDate>04/24/2025</meetingDate>
    <voteDescription>Advisory Vote to Approve Named Executive Officer Compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>17610.000000</sharesVoted>
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    <vote>
      <voteRecord>
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        <sharesVoted>17610.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>57686G105</cusip>
    <isin>US57686G1058</isin>
    <meetingDate>04/24/2025</meetingDate>
    <voteDescription>Advisory vote to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>48600.000000</sharesVoted>
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    <vote>
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        <sharesVoted>48600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>709789101</cusip>
    <isin>US7097891011</isin>
    <meetingDate>04/24/2025</meetingDate>
    <voteDescription>Approval of non-binding advisory resolution to approve the compensation of Peoples' named executive officers as disclosed in the Proxy Statement for the 2025 Annual Meeting of Shareholders.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>157370.000000</sharesVoted>
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    <vote>
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        <sharesVoted>157370.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>74386T105</cusip>
    <isin>US74386T1051</isin>
    <meetingDate>04/24/2025</meetingDate>
    <voteDescription>The approval (non-binding) of executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>132631.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>132631.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>760281204</cusip>
    <isin>US7602812049</isin>
    <meetingDate>04/24/2025</meetingDate>
    <voteDescription>The non-binding advisory vote on the compensation of our Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>49362.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>49362.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>81619Q105</cusip>
    <isin>US81619Q1058</isin>
    <meetingDate>04/24/2025</meetingDate>
    <voteDescription>Non-binding advisory vote on the compensation of our named executive officers; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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        <sharesVoted>458000.000000</sharesVoted>
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    <voteDescription>To approve an advisory resolution approving the 2024 compensation of our named executive officers.</voteDescription>
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      <voteCategory>
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    <voteDescription>To approve, in a non-binding shareholder advisory vote, the compensation of the Company's named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <voteDescription>To approve, in a non-binding shareholder advisory vote, the frequency with which shareholders will vote on compensation of the Company's named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <voteDescription>ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>16980.000000</sharesVoted>
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        <sharesVoted>16980.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <isin>US0258161092</isin>
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    <voteDescription>Approval, on an advisory basis, of the Company's executive compensation.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>9000.000000</sharesVoted>
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        <sharesVoted>9000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>045487105</cusip>
    <isin>US0454871056</isin>
    <meetingDate>04/29/2025</meetingDate>
    <voteDescription>Advisory approval of Associated Banc-Corp's named executive officer compensation.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>231888.000000</sharesVoted>
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        <sharesVoted>231888.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <isin>PAP169941328</isin>
    <meetingDate>04/29/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Bank's executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>168700.000000</sharesVoted>
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    <vote>
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        <sharesVoted>168700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <isin>US24665A1034</isin>
    <meetingDate>04/29/2025</meetingDate>
    <voteDescription>To adopt the advisory resolution approving the executive compensation program for our named executive officers as described in the Proxy Statement.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>267000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
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        <sharesVoted>267000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <isin>US3205171057</isin>
    <meetingDate>04/29/2025</meetingDate>
    <voteDescription>Approval of an advisory resolution to approve executive compensation.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>67700.000000</sharesVoted>
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    <vote>
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        <sharesVoted>67700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>353525108</cusip>
    <isin>US3535251082</isin>
    <meetingDate>04/29/2025</meetingDate>
    <voteDescription>Say on Pay - Executive Compensation</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>30700.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>30700.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>497266106</cusip>
    <isin>US4972661064</isin>
    <meetingDate>04/29/2025</meetingDate>
    <voteDescription>Advisory vote on the approval of the compensation of Kirby's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>20.000000</sharesVoted>
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    <vote>
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        <howVoted>FOR</howVoted>
        <sharesVoted>20.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>704699107</cusip>
    <isin>US7046991078</isin>
    <meetingDate>04/29/2025</meetingDate>
    <voteDescription>To approve on a non-binding basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>43894.000000</sharesVoted>
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    <vote>
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        <sharesVoted>43894.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>902788108</cusip>
    <isin>US9027881088</isin>
    <meetingDate>04/29/2025</meetingDate>
    <voteDescription>An advisory vote (non-binding) on the compensation paid to UMB's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>31305.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
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        <sharesVoted>31305.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>03076C106</cusip>
    <isin>US03076C1062</isin>
    <meetingDate>04/30/2025</meetingDate>
    <voteDescription>To approve the compensation of the named executive officers by a nonbinding advisory vote.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>4420.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>4420.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>674215207</cusip>
    <isin>US6742152076</isin>
    <meetingDate>04/30/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of our named executive officers as disclosed in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>1500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>1500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>City Holding Company</issuerName>
    <cusip>177835105</cusip>
    <isin>US1778351056</isin>
    <meetingDate>04/30/2025</meetingDate>
    <voteDescription>Proposal to approve a non-binding advisory proposal on the compensation of the Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>40050.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>40050.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Claritev Corporation</issuerName>
    <cusip>62548M209</cusip>
    <isin>US62548M2098</isin>
    <meetingDate>04/30/2025</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>24931.000000</sharesVoted>
    <sharesOnLoan>5071.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>24931.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Marathon Petroleum Corporation</issuerName>
    <cusip>56585A102</cusip>
    <isin>US56585A1025</isin>
    <meetingDate>04/30/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the company's named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>21670.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>21670.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Mativ Holdings, Inc.</issuerName>
    <cusip>808541106</cusip>
    <isin>US8085411069</isin>
    <meetingDate>04/30/2025</meetingDate>
    <voteDescription>Approve, on an advisory basis, the Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>140000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>140000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Molina Healthcare, Inc.</issuerName>
    <cusip>60855R100</cusip>
    <isin>US60855R1005</isin>
    <meetingDate>04/30/2025</meetingDate>
    <voteDescription>To consider and approve, on a non-binding, advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>6280.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>6280.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>National Bank Holdings Corporation</issuerName>
    <cusip>633707104</cusip>
    <isin>US6337071046</isin>
    <meetingDate>04/30/2025</meetingDate>
    <voteDescription>To adopt a resolution approving, on an advisory, non-binding basis, the compensation paid to the Company's named executive officers, as disclosed, pursuant to Item 402 of Regulation S-K, in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>30000.000000</sharesVoted>
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    <vote>
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        <sharesVoted>30000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Nature's Sunshine Products, Inc.</issuerName>
    <cusip>639027101</cusip>
    <isin>US6390271012</isin>
    <meetingDate>04/30/2025</meetingDate>
    <voteDescription>To vote on an advisory, non-binding resolution to approve the compensation of our named executive officers;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>9893.000000</sharesVoted>
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    <vote>
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        <sharesVoted>9893.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>OFG Bancorp</issuerName>
    <cusip>67103X102</cusip>
    <isin>PR67103X1020</isin>
    <meetingDate>04/30/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's Named Executive Officers as set forth in the accompanying Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>88000.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>88000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Opus Genetics, Inc.</issuerName>
    <cusip>67577R102</cusip>
    <isin>US67577R1023</isin>
    <meetingDate>04/30/2025</meetingDate>
    <voteDescription>Approve, on an advisory basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>148872.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>148872.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Pilgrim's Pride Corporation</issuerName>
    <cusip>72147K108</cusip>
    <isin>US72147K1088</isin>
    <meetingDate>04/30/2025</meetingDate>
    <voteDescription>Advisory vote to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>49800.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>49800.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>745867101</cusip>
    <isin>US7458671010</isin>
    <meetingDate>04/30/2025</meetingDate>
    <voteDescription>Say-on-pay: Advisory vote to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>1860.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>1860.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>The Eastern Company</issuerName>
    <cusip>276317104</cusip>
    <isin>US2763171046</isin>
    <meetingDate>04/30/2025</meetingDate>
    <voteDescription>Nonbinding advisory vote to approve the compensation of the named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>47518.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>47518.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>The First Bancorp, Inc.</issuerName>
    <cusip>31866P102</cusip>
    <isin>US31866P1021</isin>
    <meetingDate>04/30/2025</meetingDate>
    <voteDescription>To approve (on a non-binding basis), the compensation of the Company's executives, as disclosed in the Company's annual report and proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>1000.000000</sharesVoted>
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    <vote>
      <voteRecord>
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        <sharesVoted>1000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Vistra Corp.</issuerName>
    <cusip>92840M102</cusip>
    <isin>US92840M1027</isin>
    <meetingDate>04/30/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the 2024 compensation of the Company's named executive officers;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>44010.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>44010.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Westwood Holdings Group, Inc.</issuerName>
    <cusip>961765104</cusip>
    <isin>US9617651040</isin>
    <meetingDate>04/30/2025</meetingDate>
    <voteDescription>To cast a non-binding, advisory vote on Westwood's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>55452.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>55452.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>American Axle &amp; Manufacturing Holdings, Inc.</issuerName>
    <cusip>024061103</cusip>
    <isin>US0240611030</isin>
    <meetingDate>05/01/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>872596.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>872596.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Boise Cascade Company</issuerName>
    <cusip>09739D100</cusip>
    <isin>US09739D1000</isin>
    <meetingDate>05/01/2025</meetingDate>
    <voteDescription>Advisory vote approving the Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>47350.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>47350.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Community Healthcare Trust Incorporated</issuerName>
    <cusip>20369C106</cusip>
    <isin>US20369C1062</isin>
    <meetingDate>05/01/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the following resolutions: RESOLVED, that the stockholders of Community Healthcare Trust Incorporated approve, on a non-binding advisory basis, the compensation of the named executive officers as disclosed pursuant to Item 402 of Regulation S-K in the Company's proxy statement for the 2025 annual meeting of stockholders.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>54210.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>54210.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>First US Bancshares, Inc.</issuerName>
    <cusip>33744V103</cusip>
    <isin>US33744V1035</isin>
    <meetingDate>05/01/2025</meetingDate>
    <voteDescription>The advisory approval of the Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>6468.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>6468.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Horizon Bancorp, Inc.</issuerName>
    <cusip>440407104</cusip>
    <isin>US4404071049</isin>
    <meetingDate>05/01/2025</meetingDate>
    <voteDescription>Advisory vote to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>112667.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>112667.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Kimberly-Clark Corporation</issuerName>
    <cusip>494368103</cusip>
    <isin>US4943681035</isin>
    <meetingDate>05/01/2025</meetingDate>
    <voteDescription>Advisory Vote to Approve Named Executive Officer Compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>300.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>National CineMedia, Inc.</issuerName>
    <cusip>635309206</cusip>
    <isin>US6353092066</isin>
    <meetingDate>05/01/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, our executive compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>800.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>NRG Energy, Inc.</issuerName>
    <cusip>629377508</cusip>
    <isin>US6293775085</isin>
    <meetingDate>05/01/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, NRG Energy, Inc.'s executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>29600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>29600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Ovintiv Inc.</issuerName>
    <cusip>69047Q102</cusip>
    <isin>US69047Q1022</isin>
    <meetingDate>05/01/2025</meetingDate>
    <voteDescription>Advisory Vote to Approve Compensation of Named Executive Officers</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>62900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>62900.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Peoples Bancorp of North Carolina, Inc.</issuerName>
    <cusip>710577107</cusip>
    <isin>US7105771072</isin>
    <meetingDate>05/01/2025</meetingDate>
    <voteDescription>To approve, on an advisory, non-binding basis, the compensation paid to the Company's named executive officers;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>41006.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>41006.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Peoples Bancorp of North Carolina, Inc.</issuerName>
    <cusip>710577107</cusip>
    <isin>US7105771072</isin>
    <meetingDate>05/01/2025</meetingDate>
    <voteDescription>To approve, on an advisory, non-binding basis, the frequency in which shareholders approve the compensation of the Company's named executive officers;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>41006.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>41006.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Red River Bancshares, Inc.</issuerName>
    <cusip>75686R202</cusip>
    <isin>US75686R2022</isin>
    <meetingDate>05/01/2025</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of our named executive officers (Say-on-Pay).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1907.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>1907.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Red River Bancshares, Inc.</issuerName>
    <cusip>75686R202</cusip>
    <isin>US75686R2022</isin>
    <meetingDate>05/01/2025</meetingDate>
    <voteDescription>Advisory vote to approve the frequency of future Say-on-Pay votes.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1907.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>1907.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>The ODP Corporation</issuerName>
    <cusip>88337F105</cusip>
    <isin>US88337F1057</isin>
    <meetingDate>05/01/2025</meetingDate>
    <voteDescription>To approve, in a non-binding, advisory vote, The ODP Corporation's executive compensation;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>182512.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>182512.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Gran Tierra Energy Inc.</issuerName>
    <cusip>38500T200</cusip>
    <isin>US38500T2006</isin>
    <meetingDate>05/02/2025</meetingDate>
    <voteDescription>Proposal to approve, on an advisory basis, the compensation of Gran Tierra Energy Inc.'s named executive officers, as disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>337603.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>337603.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Nine Energy Service, Inc.</issuerName>
    <cusip>65441V101</cusip>
    <isin>US65441V1017</isin>
    <meetingDate>05/02/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of our named executive officers</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>15400.000000</sharesVoted>
    <sharesOnLoan>59600.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>15400.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Occidental Petroleum Corporation</issuerName>
    <cusip>674599105</cusip>
    <isin>US6745991058</isin>
    <meetingDate>05/02/2025</meetingDate>
    <voteDescription>Advisory Vote to Approve Named Executive Officer Compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>300.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Olympic Steel, Inc.</issuerName>
    <cusip>68162K106</cusip>
    <isin>US68162K1060</isin>
    <meetingDate>05/02/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of Olympic Steel, Inc.'s named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>90703.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>90703.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Saga Communications, Inc.</issuerName>
    <cusip>786598300</cusip>
    <isin>US7865983008</isin>
    <meetingDate>05/02/2025</meetingDate>
    <voteDescription>To approve, by a non-binding advisory vote, a resolution approving the compensation of our named executive officers as described in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>42616.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>42616.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Select Water Solutions, Inc.</issuerName>
    <cusip>81617J301</cusip>
    <isin>US81617J3014</isin>
    <meetingDate>05/02/2025</meetingDate>
    <voteDescription>To conduct a non-binding, advisory vote to approve Named Executive Officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>327193.000000</sharesVoted>
    <sharesOnLoan>104107.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>327193.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Utah Medical Products, Inc.</issuerName>
    <cusip>917488108</cusip>
    <isin>US9174881089</isin>
    <meetingDate>05/02/2025</meetingDate>
    <voteDescription>To hold an advisory vote on the Company's executive compensation program.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>5000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>5000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>AG Mortgage Investment Trust, Inc.</issuerName>
    <cusip>001228501</cusip>
    <isin>US0012285013</isin>
    <meetingDate>05/05/2025</meetingDate>
    <voteDescription>Advisory vote on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>104126.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>104126.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Carvana Co.</issuerName>
    <cusip>146869102</cusip>
    <isin>US1468691027</isin>
    <meetingDate>05/05/2025</meetingDate>
    <voteDescription>To consider the approval, by an advisory vote, of the compensation of our named executive officers as disclosed in the Proxy Statement (&quot;say-on-pay&quot;);</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>19100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>19100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Carvana Co.</issuerName>
    <cusip>146869102</cusip>
    <isin>US1468691027</isin>
    <meetingDate>05/05/2025</meetingDate>
    <voteDescription>To recommend, by an advisory vote, the frequency of future advisory votes on the compensation of our named executive officers (&quot;say-on-pay frequency&quot;);</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>19100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>19100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Heritage Financial Corporation</issuerName>
    <cusip>42722X106</cusip>
    <isin>US42722X1063</isin>
    <meetingDate>05/05/2025</meetingDate>
    <voteDescription>Advisory (non-binding) approval of the compensation paid to named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>122500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>122500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>ACNB Corporation</issuerName>
    <cusip>000868109</cusip>
    <isin>US0008681092</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>TO CONDUCT A NON-BINDING VOTE ON EXECUTIVE COMPENSATION.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>51400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>51400.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Blade Air Mobility, Inc.</issuerName>
    <cusip>092667104</cusip>
    <isin>US0926671043</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>Advisory Vote on the Frequency of Future Advisory Votes on Named Executive Officer Compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>57300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>57300.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Blade Air Mobility, Inc.</issuerName>
    <cusip>092667104</cusip>
    <isin>US0926671043</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>Advisory Vote on the Compensation of our Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>57300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>57300.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>CF Industries Holdings, Inc.</issuerName>
    <cusip>125269100</cusip>
    <isin>US1252691001</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of CF Industries Holdings, Inc.'s named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>33100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>33100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Enterprise Bancorp, Inc.</issuerName>
    <cusip>293668109</cusip>
    <isin>US2936681095</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>Non-binding advisory vote to approve the compensation of the Company's named executive officers, (the &quot;Say on Pay Proposal&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>34375.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>34375.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Escalade, Incorporated</issuerName>
    <cusip>296056104</cusip>
    <isin>US2960561049</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>To approve, by non-binding vote, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>40808.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>40808.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Escalade, Incorporated</issuerName>
    <cusip>296056104</cusip>
    <isin>US2960561049</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>To recommend, by non-binding vote, the frequency of future non-binding stockholder votes on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>40808.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>40808.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MBIA Inc.</issuerName>
    <cusip>55262C100</cusip>
    <isin>US55262C1009</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>113757.000000</sharesVoted>
    <sharesOnLoan>1243.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>113757.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Orrstown Financial Services, Inc.</issuerName>
    <cusip>687380105</cusip>
    <isin>US6873801053</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>To approve a non-binding advisory vote regarding the compensation paid to our Named Executive Officers (&quot;Say-On-Pay&quot;);</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>81143.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>81143.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>SkyWest, Inc.</issuerName>
    <cusip>830879102</cusip>
    <isin>US8308791024</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>155996.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>155996.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>The Manitowoc Company, Inc.</issuerName>
    <cusip>563571405</cusip>
    <isin>US5635714059</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>An advisory vote to approve the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>130000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>130000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Tyler Technologies, Inc.</issuerName>
    <cusip>902252105</cusip>
    <isin>US9022521051</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>Advisory Approval of Our Executive Compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>4232.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>4232.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Valero Energy Corporation</issuerName>
    <cusip>91913Y100</cusip>
    <isin>US91913Y1001</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>Advisory vote to approve the 2024 compensation of named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>21900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>21900.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Weyco Group, Inc.</issuerName>
    <cusip>962149100</cusip>
    <isin>US9621491003</isin>
    <meetingDate>05/06/2025</meetingDate>
    <voteDescription>Advisory vote on the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>51600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>51600.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Anywhere Real Estate Inc.</issuerName>
    <cusip>75605Y106</cusip>
    <isin>US75605Y1064</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>Advisory Approval of the Compensation of Our Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>305000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>305000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Anywhere Real Estate Inc.</issuerName>
    <cusip>75605Y106</cusip>
    <isin>US75605Y1064</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>Advisory Approval of the Frequency of the Advisory Vote on Executive Compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>305000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>305000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Arch Capital Group Ltd.</issuerName>
    <cusip>G0450A105</cusip>
    <isin>BMG0450A1053</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>Advisory vote to approve named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>13100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>13100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Avalon Holdings Corporation</issuerName>
    <cusip>05343P109</cusip>
    <isin>US05343P1093</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>ADVISORY VOTE ON THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>34500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>34500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Century Communities, Inc.</issuerName>
    <cusip>156504300</cusip>
    <isin>US1565043007</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, our executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>37200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>37200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Enterprise Financial Services Corp</issuerName>
    <cusip>293712105</cusip>
    <isin>US2937121059</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>An advisory (non-binding) vote to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>110400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>110400.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>First United Corporation</issuerName>
    <cusip>33741H107</cusip>
    <isin>US33741H1077</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>To approve, by a non-advisory vote, the compensation paid to the Corporation's named executive officers for 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>48368.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>48368.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Great Southern Bancorp, Inc.</issuerName>
    <cusip>390905107</cusip>
    <isin>US3909051076</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>The advisory (non-binding) vote on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>3000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>3000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Intellicheck, Inc.</issuerName>
    <cusip>45817G201</cusip>
    <isin>US45817G2012</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>35847.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>35847.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Intellicheck, Inc.</issuerName>
    <cusip>45817G201</cusip>
    <isin>US45817G2012</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>Advisory vote to approve the frequency of future advisory votes to approve of executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>35847.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>35847.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>KLX Energy Services Holdings, Inc.</issuerName>
    <cusip>48253L205</cusip>
    <isin>US48253L2051</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>To approve, on an advisory, non-binding basis, the compensation of the Company's named executive officers;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>22702.000000</sharesVoted>
    <sharesOnLoan>73872.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>22702.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Metallus Inc.</issuerName>
    <cusip>887399103</cusip>
    <isin>US8873991033</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of the company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>155008.000000</sharesVoted>
    <sharesOnLoan>23192.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>155008.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>PROG Holdings, Inc.</issuerName>
    <cusip>74319R101</cusip>
    <isin>US74319R1014</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>Approval of a non-binding advisory resolution to approve the Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>137347.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>137347.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Simmons First National Corporation</issuerName>
    <cusip>828730200</cusip>
    <isin>US8287302009</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>To adopt the following non-binding resolution approving the compensation of the named executive officers of the Company: &quot;RESOLVED, that the compensation paid to the Company's named executive officers, as disclosed in the proxy statement pursuant to Item 402 of Regulation S-K, including the Compensation Discussion and Analysis, the compensation tables, and narrative discussion, is hereby APPROVED.&quot;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>307800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>307800.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Stewart Information Services Corporation</issuerName>
    <cusip>860372101</cusip>
    <isin>US8603721015</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>Approval of the compensation of Stewart Information Services Corporation's named executive officers (Say-on-Pay).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>33314.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>33314.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Tactile Systems Technology, Inc.</issuerName>
    <cusip>87357P100</cusip>
    <isin>US87357P1003</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>Approve, on an advisory basis, the 2024 compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>1200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Tactile Systems Technology, Inc.</issuerName>
    <cusip>87357P100</cusip>
    <isin>US87357P1003</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>Advisory vote on the frequency of future advisory votes on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>1200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>The Children's Place, Inc.</issuerName>
    <cusip>168905107</cusip>
    <isin>US1689051076</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>To approve, by non-binding vote, executive compensation as described in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>20777.000000</sharesVoted>
    <sharesOnLoan>23173.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>20777.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>The Dixie Group, Inc.</issuerName>
    <cusip>255519100</cusip>
    <isin>US2555191004</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>To cast an advisory vote on the Company's Executive Compensation for its named executive officers (&quot;Say-on-Pay&quot;)</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>4100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>4100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>The Marcus Corporation</issuerName>
    <cusip>566330106</cusip>
    <isin>US5663301068</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>To approve, by advisory vote, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>270779.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>270779.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Tronox Holdings plc</issuerName>
    <cusip>G9087Q102</cusip>
    <isin>GB00BJT16S69</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>A non-binding advisory vote to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>528000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>528000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Tronox Holdings plc</issuerName>
    <cusip>G9087Q102</cusip>
    <isin>GB00BJT16S69</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the frequency of the Say on Pay vote.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>528000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>528000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Ziff Davis, Inc.</issuerName>
    <cusip>48123V102</cusip>
    <isin>US48123V1026</isin>
    <meetingDate>05/07/2025</meetingDate>
    <voteDescription>To provide an advisory vote on the compensation of Ziff Davis' named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>30479.000000</sharesVoted>
    <sharesOnLoan>9521.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>30479.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Alerus Financial Corporation</issuerName>
    <cusip>01446U103</cusip>
    <isin>US01446U1034</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>Approve, on a non-binding advisory basis, the compensation paid to our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>9750.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>9750.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Alerus Financial Corporation</issuerName>
    <cusip>01446U103</cusip>
    <isin>US01446U1034</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>Approve, on a non-binding advisory basis, how often we will hold future advisory votes on the compensation paid to our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>9750.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>9750.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Ampco-Pittsburgh Corporation</issuerName>
    <cusip>032037103</cusip>
    <isin>US0320371034</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>To approve, in a non-binding, advisory vote, the compensation of the named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>127535.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>127535.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Atlanticus Holdings Corporation</issuerName>
    <cusip>04914Y102</cusip>
    <isin>US04914Y1029</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>To approve the &quot;say-on-pay&quot; resolution set forth below: RESOLVED, that the shareholders of Atlanticus Holdings Corporation hereby approve, on an advisory basis, the compensation of the company's named executive officers, as disclosed in the company's Proxy Statement for the 2025 Annual Meeting of Shareholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Summary Compensation Table and the other related tables and disclosure.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1610.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>1610.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Atlanticus Holdings Corporation</issuerName>
    <cusip>04914Y102</cusip>
    <isin>US04914Y1029</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>To hold future &quot;say-on-pay&quot; advisory votes:</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1610.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>1610.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Clearwater Paper Corporation</issuerName>
    <cusip>18538R103</cusip>
    <isin>US18538R1032</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>Advisory vote to approve named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>46650.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>46650.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>CommScope Holding Company, Inc.</issuerName>
    <cusip>20337X109</cusip>
    <isin>US20337X1090</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>Non-binding, advisory vote to approve the compensation of our named executive officers as described in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>12700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>12700.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Ecovyst Inc.</issuerName>
    <cusip>27923Q109</cusip>
    <isin>US27923Q1094</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation paid by Ecovyst Inc. to its named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>86.000000</sharesVoted>
    <sharesOnLoan>274914.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>86.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Hamilton Beach Brands Holding Company</issuerName>
    <cusip>40701T104</cusip>
    <isin>US40701T1043</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>Proposal to approve, on an advisory basis, the Company's Named Executive Officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>64400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>64400.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Heartland Express, Inc.</issuerName>
    <cusip>422347104</cusip>
    <isin>US4223471040</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>Advisory, non-binding vote, on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>235000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>235000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Koppers Holdings Inc.</issuerName>
    <cusip>50060P106</cusip>
    <isin>US50060P1066</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>PROPOSAL TO APPROVE AN ADVISORY RESOLUTION ON OUR NAMED EXECUTIVE OFFICER COMPENSATION</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>111353.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>111353.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Lincoln Educational Services Corporation</issuerName>
    <cusip>533535100</cusip>
    <isin>US5335351004</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>Approval, on a non-binding basis, advisory basis, of the compensation of named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>1000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>NMI Holdings, Inc.</issuerName>
    <cusip>629209305</cusip>
    <isin>US6292093050</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>Advisory approval of NMI Holdings, Inc.'s executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>50000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>50000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>NMI Holdings, Inc.</issuerName>
    <cusip>629209305</cusip>
    <isin>US6292093050</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>Advisory vote on whether the frequency of the stockholder vote on our executive compensation should be every 1, 2 or 3 years.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>50000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>50000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Nucor Corporation</issuerName>
    <cusip>670346105</cusip>
    <isin>US6703461052</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of Nucor's named executive officer compensation in 2024</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>11950.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>11950.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Pangaea Logistics Solutions Ltd.</issuerName>
    <cusip>G6891L105</cusip>
    <isin>BMG6891L1054</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>To approve, on an advisory, non-binding basis, the compensation of named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>296300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>296300.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Pangaea Logistics Solutions Ltd.</issuerName>
    <cusip>G6891L105</cusip>
    <isin>BMG6891L1054</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>To recommend, on a non-binding basis, the frequency of future advisory votes on compensation of named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>296300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>296300.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Peabody Energy Corporation</issuerName>
    <cusip>704551100</cusip>
    <isin>US7045511000</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>Approve, on an advisory basis, our named executive officers' compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>380000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>380000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Pediatrix Medical Group, Inc.</issuerName>
    <cusip>58502B106</cusip>
    <isin>US58502B1061</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>Conduct an advisory vote regarding the compensation of our named executive officers for the 2024 fiscal year; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>265000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>265000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Summit Midstream Corporation</issuerName>
    <cusip>86614G101</cusip>
    <isin>US86614G1013</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>Approval of Advisory Resolution on Executive Compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>28000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>28000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Superior Group of Companies, Inc.</issuerName>
    <cusip>868358102</cusip>
    <isin>US8683581024</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of our named executive officers as disclosed in the proxy statement;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>82791.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>82791.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Superior Group of Companies, Inc.</issuerName>
    <cusip>868358102</cusip>
    <isin>US8683581024</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>To vote, on an advisory basis, on weather the preferred frequency of future advisory votes on the compensation of our named executive officers is every year, every two years or every three years;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>82791.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>82791.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Telos Corporation</issuerName>
    <cusip>87969B101</cusip>
    <isin>US87969B1017</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>ADVISORY VOTE ON EXECUTIVE COMPENSATION: To approve, on an advisory basis, the compensation of the Company's named executive officers or &quot;say-on-pay&quot;.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>100775.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>100775.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>The Andersons, Inc.</issuerName>
    <cusip>034164103</cusip>
    <isin>US0341641035</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>An advisory vote on executive compensation, approving the resolution provided in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesOnLoan>0</sharesOnLoan>
    <vote>
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        <sharesVoted>160438.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Tredegar Corporation</issuerName>
    <cusip>894650100</cusip>
    <isin>US8946501009</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>Non-Binding Advisory Vote to Approve Named Executive Officer Compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>58400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>58400.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>205306103</cusip>
    <isin>US2053061030</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>To approve on a non-binding advisory basis the compensation of the Company's named executive officers (&quot;NEOs&quot;);</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>4424.000000</sharesVoted>
    <sharesOnLoan>32976.000000</sharesOnLoan>
    <vote>
      <voteRecord>
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        <sharesVoted>4424.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>TTM Technologies, Inc.</issuerName>
    <cusip>87305R109</cusip>
    <isin>US87305R1095</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>To approve, on an advisory, non-binding basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>440553.000000</sharesVoted>
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    <vote>
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        <sharesVoted>440553.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>V2X, Inc.</issuerName>
    <cusip>92242T101</cusip>
    <isin>US92242T1016</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation paid to our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>25000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>25000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>WideOpenWest, Inc.</issuerName>
    <cusip>96758W101</cusip>
    <isin>US96758W1018</isin>
    <meetingDate>05/08/2025</meetingDate>
    <voteDescription>Approve, by non-binding advisory vote, the Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>259100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>259100.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>Forum Energy Technologies, Inc.</issuerName>
    <cusip>34984V209</cusip>
    <isin>US34984V2097</isin>
    <meetingDate>05/09/2025</meetingDate>
    <voteDescription>Approval, on a non-binding, advisory basis, of the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>60550.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>60550.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Forum Energy Technologies, Inc.</issuerName>
    <cusip>34984V209</cusip>
    <isin>US34984V2097</isin>
    <meetingDate>05/09/2025</meetingDate>
    <voteDescription>Vote on a non-binding, advisory basis, on the frequency of future advisory votes on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>60550.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>60550.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Innospec Inc.</issuerName>
    <cusip>45768S105</cusip>
    <isin>US45768S1050</isin>
    <meetingDate>05/09/2025</meetingDate>
    <voteDescription>Advisory approval of the Company's executive compensation;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>43800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>43800.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Lockheed Martin Corporation</issuerName>
    <cusip>539830109</cusip>
    <isin>US5398301094</isin>
    <meetingDate>05/09/2025</meetingDate>
    <voteDescription>Advisory Vote to Approve the Compensation of our Named Executive Officers (Say-on-Pay)</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>3850.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>3850.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  </proxyTable>
  <proxyTable>
    <issuerName>Peoples Financial Services Corp.</issuerName>
    <cusip>711040105</cusip>
    <isin>US7110401053</isin>
    <meetingDate>05/09/2025</meetingDate>
    <voteDescription>Proposal to approve, on an advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>22900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>22900.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
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  <proxyTable>
    <issuerName>Ranger Energy Services, Inc.</issuerName>
    <cusip>75282U104</cusip>
    <isin>US75282U1043</isin>
    <meetingDate>05/09/2025</meetingDate>
    <voteDescription>To provide non-binding approval of our executive compensation for 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>236606.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>236606.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Retractable Technologies, Inc.</issuerName>
    <cusip>76129W105</cusip>
    <isin>US76129W1053</isin>
    <meetingDate>05/09/2025</meetingDate>
    <voteDescription>Advisory vote to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>155630.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>155630.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Retractable Technologies, Inc.</issuerName>
    <cusip>76129W105</cusip>
    <isin>US76129W1053</isin>
    <meetingDate>05/09/2025</meetingDate>
    <voteDescription>Advisory vote on the frequency of executive compensation advisory votes.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>155630.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>155630.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Cathay General Bancorp</issuerName>
    <cusip>149150104</cusip>
    <isin>US1491501045</isin>
    <meetingDate>05/12/2025</meetingDate>
    <voteDescription>Approval, on a non-binding advisory basis, of the compensation paid to Cathay General Bancorp's named executive officers as disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>75500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>75500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Essential Properties Realty Trust, Inc.</issuerName>
    <cusip>29670E107</cusip>
    <isin>US29670E1073</isin>
    <meetingDate>05/12/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's named executive officers, as more particularly described in the Proxy Statement; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>114773.000000</sharesVoted>
    <sharesOnLoan>88827.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>114773.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Haverty Furniture Companies, Inc.</issuerName>
    <cusip>419596101</cusip>
    <isin>US4195961010</isin>
    <meetingDate>05/12/2025</meetingDate>
    <voteDescription>Advisory Vote on Executive Compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>74400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>74400.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Atlantic American Corporation</issuerName>
    <cusip>048209100</cusip>
    <isin>US0482091008</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>184171.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>184171.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Atlantic American Corporation</issuerName>
    <cusip>048209100</cusip>
    <isin>US0482091008</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>To vote, on an advisory basis, on the frequency of the advisory vote on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>184171.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>184171.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Auburn National Bancorporation, Inc.</issuerName>
    <cusip>050473107</cusip>
    <isin>US0504731078</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>To approve the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>16000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>16000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Auburn National Bancorporation, Inc.</issuerName>
    <cusip>050473107</cusip>
    <isin>US0504731078</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>To recommend the frequency of the shareholder vote to approve the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>16000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>16000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Bread Financial Holdings, Inc.</issuerName>
    <cusip>018581108</cusip>
    <isin>US0185811082</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>ADVISORY VOTE ON EXECUTIVE COMPENSATION</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>217100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>217100.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Chicago Rivet &amp; Machine Co.</issuerName>
    <cusip>168088102</cusip>
    <isin>US1680881026</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>Advisory vote to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>8000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>8000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Chicago Rivet &amp; Machine Co.</issuerName>
    <cusip>168088102</cusip>
    <isin>US1680881026</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>Advisory vote on the frequency of future executive compensation advisory votes.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>8000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>8000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Dutch Bros Inc.</issuerName>
    <cusip>26701L100</cusip>
    <isin>US26701L1008</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>Approval, on a Non-Binding, Advisory Basis, of the Compensation of our Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>16300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>16300.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Forrester Research, Inc.</issuerName>
    <cusip>346563109</cusip>
    <isin>US3465631097</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>To approve, by non-binding vote, executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>27008.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>27008.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Group 1 Automotive, Inc.</issuerName>
    <cusip>398905109</cusip>
    <isin>US3989051095</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>Advisory Vote to Approve Executive Compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>11850.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>11850.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>HarborOne Bancorp, Inc.</issuerName>
    <cusip>41165Y100</cusip>
    <isin>US41165Y1001</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>A non-binding advisory resolution to approve the compensation of the Company's named executive officers; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>90100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>90100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Home Bancorp, Inc.</issuerName>
    <cusip>43689E107</cusip>
    <isin>US43689E1073</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>To adopt a non-binding resolution to approve the compensation of our named executive officers;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>30494.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>30494.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Hyster-Yale, Inc.</issuerName>
    <cusip>449172105</cusip>
    <isin>US4491721050</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the Company's Named Executive Officer compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>5000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>5000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Hyster-Yale, Inc.</issuerName>
    <cusip>449172105</cusip>
    <isin>US4491721050</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the frequency for future advisory votes to approve the Company's Named Executive Officer compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>5000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>5000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>iHeartMedia, Inc.</issuerName>
    <cusip>45174J509</cusip>
    <isin>US45174J5092</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>The approval, on an advisory (non-binding) basis, of the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1130172.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>1130172.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Larimar Therapeutics, Inc.</issuerName>
    <cusip>517125100</cusip>
    <isin>US5171251003</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>Approval, on an Advisory Basis, of the Compensation of our Named Executive Officers in 2024</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>103216.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>103216.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Mid Penn Bancorp, Inc.</issuerName>
    <cusip>59540G107</cusip>
    <isin>US59540G1076</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>An advisory vote to approve the compensation of the Corporation's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>26603.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>26603.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Mid Penn Bancorp, Inc.</issuerName>
    <cusip>59540G107</cusip>
    <isin>US59540G1076</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>An advisory vote on the frequency of future advisory votes on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>26603.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>26603.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>National Bankshares, Inc.</issuerName>
    <cusip>634865109</cusip>
    <isin>US6348651091</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>Advisory (non-binding) vote to approve the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>3637.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>3637.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Oil States International, Inc.</issuerName>
    <cusip>678026105</cusip>
    <isin>US6780261052</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>TO APPROVE, ON AN ADVISORY BASIS, THE COMPANY'S EXECUTIVE COMPENSATION.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>345700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>345700.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Prudential Financial, Inc.</issuerName>
    <cusip>744320102</cusip>
    <isin>US7443201022</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>Advisory vote to approve named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>20200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>20200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>S&amp;T Bancorp, Inc.</issuerName>
    <cusip>783859101</cusip>
    <isin>US7838591011</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>TO APPROVE, ON A NON-BINDING ADVISORY BASIS, THE COMPENSATION OF S&amp;T'S NAMED EXECUTIVE OFFICERS.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>149601.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>149601.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Stoneridge, Inc.</issuerName>
    <cusip>86183P102</cusip>
    <isin>US86183P1021</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>Approval, on advisory basis, of the 2024 compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>15000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>15000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Stratus Properties Inc.</issuerName>
    <cusip>863167201</cusip>
    <isin>US8631672016</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>15450.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>15450.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Stratus Properties Inc.</issuerName>
    <cusip>863167201</cusip>
    <isin>US8631672016</isin>
    <meetingDate>05/13/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the frequency of future advisory votes on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>15450.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>15450.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Advance Auto Parts, Inc.</issuerName>
    <cusip>00751Y106</cusip>
    <isin>US00751Y1064</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>Approve, by advisory vote, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>0.000000</sharesVoted>
    <sharesOnLoan>175000.000000</sharesOnLoan>
  </proxyTable>
  <proxyTable>
    <issuerName>Aemetis, Inc.</issuerName>
    <cusip>00770K202</cusip>
    <isin>US00770K2024</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>To hold a non-binding advisory vote to approve our executive compensation, as disclosed in this proxy statement pursuant to the compensation disclosure rules of the U.S. Securities and Exchange Commission (the &quot;SEC&quot;); and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>11400.000000</sharesVoted>
    <sharesOnLoan>40500.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>11400.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>American International Group, Inc.</issuerName>
    <cusip>026874784</cusip>
    <isin>US0268747849</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>Advisory Vote to Approve Named Executive Officer Compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>15550.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>15550.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>American International Group, Inc.</issuerName>
    <cusip>026874784</cusip>
    <isin>US0268747849</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>Advisory Vote on the Frequency of Future Executive Compensation Votes.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>15550.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>15550.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Benchmark Electronics, Inc.</issuerName>
    <cusip>08160H101</cusip>
    <isin>US08160H1014</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>To provide an advisory vote on the compensation of the Company's named executive officers;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>153185.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>153185.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Civeo Corporation</issuerName>
    <cusip>17878Y207</cusip>
    <isin>CA17878Y2078</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>We are asking that you approve, on a non-binding advisory basis, the compensation of our named executive officers as disclosed in the proxy statement, commonly referred to as a &quot;Say-on-Pay&quot; proposal.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>131609.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>131609.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Covenant Logistics Group, Inc.</issuerName>
    <cusip>22284P105</cusip>
    <isin>US22284P1057</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>To consider and act upon an advisory and non-binding vote on executive compensation;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>170800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>170800.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>DMC Global Inc.</issuerName>
    <cusip>23291C103</cusip>
    <isin>US23291C1036</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>Advisory vote on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>143300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>143300.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Enact Holdings, Inc.</issuerName>
    <cusip>29249E109</cusip>
    <isin>US29249E1091</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>Advisory vote to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>28500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>28500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Enova International, Inc.</issuerName>
    <cusip>29357K103</cusip>
    <isin>US29357K1034</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>A non-binding advisory vote to approve the compensation paid to the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>124907.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>124907.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>First National Corporation</issuerName>
    <cusip>32106V107</cusip>
    <isin>US32106V1070</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>To consider and approve a non-binding advisory resolution approving the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>30500.000000</sharesVoted>
    <sharesOnLoan>300.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>30500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>First National Corporation</issuerName>
    <cusip>32106V107</cusip>
    <isin>US32106V1070</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>To consider and approve a non-binding advisory recommendation on the frequency of future votes on the Company's executive compensation program.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>30500.000000</sharesVoted>
    <sharesOnLoan>300.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>30500.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>FreightCar America, Inc.</issuerName>
    <cusip>357023100</cusip>
    <isin>US3570231007</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>To approve on an advisory basis, the compensation of our Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>90600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>90600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Helix Energy Solutions Group, Inc.</issuerName>
    <cusip>42330P107</cusip>
    <isin>US42330P1075</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>Advisory vote on the approval of the 2024 compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>485406.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>485406.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>HF Sinclair Corporation</issuerName>
    <cusip>403949100</cusip>
    <isin>US4039491000</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>35650.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>35650.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Horace Mann Educators Corporation</issuerName>
    <cusip>440327104</cusip>
    <isin>US4403271046</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>Approve the advisory resolution to approve Named Executive Officers' compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>142000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>142000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Innovex International, Inc.</issuerName>
    <cusip>457651107</cusip>
    <isin>US4576511079</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>To conduct a non-binding advisory vote to approve the Company's compensation of its named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>14800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>14800.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Inogen, Inc.</issuerName>
    <cusip>45780L104</cusip>
    <isin>US45780L1044</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>To approve, on an advisory and non-binding basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>398030.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
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    <voteDescription>To approve, on an advisory basis, the compensation of our named executive officers</voteDescription>
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    <voteDescription>To approve, by an advisory vote, the compensation of our Named Executive Officers.</voteDescription>
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    <voteDescription>Approval, on an advisory basis, of the compensation of the Company's executive officers.</voteDescription>
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    <voteDescription>Nonbinding advisory vote approving named executive officer compensation.</voteDescription>
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    <voteDescription>A non-binding, advisory resolution to approve the compensation of the named executive officers of M/I Homes, Inc.</voteDescription>
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      <voteCategory>
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    <voteDescription>A non-binding advisory vote on the frequency of the non-binding advisory vote on Say on Pay in future years.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <isin>US5894001008</isin>
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    <voteDescription>Advisory vote to approve named executive officer compensation.</voteDescription>
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      <voteCategory>
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    <isin>US5963042040</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation of named executive officers, as disclosed in the proxy statement</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <vote>
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        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>596304204</cusip>
    <isin>US5963042040</isin>
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    <voteDescription>Advisory vote on the frequency of the advisory vote on executive compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>30000.000000</sharesVoted>
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    <vote>
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        <sharesVoted>30000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>60871R209</cusip>
    <isin>US60871R2094</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>To approve, in a non-binding advisory vote, the compensation of Molson Coors Beverage Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>38600.000000</sharesVoted>
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    <vote>
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    <cusip>629579103</cusip>
    <isin>US6295791031</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>Proposal to approve, on an advisory basis, NACCO Industries, Inc.'s Named Executive Officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>32215.000000</sharesVoted>
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    <vote>
      <voteRecord>
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        <sharesVoted>32215.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>65540B105</cusip>
    <isin>US65540B1052</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>Advisory (non-binding) vote on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>73600.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>73600.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>65540B105</cusip>
    <isin>US65540B1052</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>Advisory (non-binding) vote on the frequency of future advisory votes on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>73600.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>73600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>67098H104</cusip>
    <isin>US67098H1041</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>To approve, by advisory vote, the Company's named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>12500.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>12500.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>677719106</cusip>
    <isin>US6777191064</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>To approve, in a non-binding advisory vote, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>23200.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>23200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>68554V108</cusip>
    <isin>US68554V1089</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>Advisory (Non-Binding) Vote to Approve Executive Compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>1230059.000000</sharesVoted>
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    <vote>
      <voteRecord>
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        <sharesVoted>1230059.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>75508B104</cusip>
    <isin>US75508B1044</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of our named executive officers as disclosed in our Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>1011996.000000</sharesVoted>
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    <vote>
      <voteRecord>
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        <sharesVoted>1011996.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>75524W108</cusip>
    <isin>US75524W1080</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>Advisory vote on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>129300.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>129300.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>G7997W102</cusip>
    <isin>BMG7997W1029</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>To conduct an advisory vote to approve the compensation of our named executive officers for 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>177053.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>177053.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Seadrill Limited</issuerName>
    <cusip>G7997W102</cusip>
    <isin>BMG7997W1029</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>To conduct an advisory vote to approve the frequency of future advisory votes to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>177053.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>177053.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Southside Bancshares, Inc.</issuerName>
    <cusip>84470P109</cusip>
    <isin>US84470P1093</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>Approve a non-binding advisory vote on the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesVoted>29500.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>29500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>TrueBlue, Inc.</issuerName>
    <cusip>89785X101</cusip>
    <isin>US89785X1019</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>To approve, by advisory vote, compensation for our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>113719.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>113719.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>909907107</cusip>
    <isin>US9099071071</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of United's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>48646.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>48646.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Virtus Investment Partners, Inc.</issuerName>
    <cusip>92828Q109</cusip>
    <isin>US92828Q1094</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>To approve, in a non-binding vote, named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>23456.000000</sharesVoted>
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    <vote>
      <voteRecord>
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        <sharesVoted>23456.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>929566107</cusip>
    <isin>US9295661071</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of our named executive officers;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>87700.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>87700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Western New England Bancorp, Inc.</issuerName>
    <cusip>958892101</cusip>
    <isin>US9588921018</isin>
    <meetingDate>05/14/2025</meetingDate>
    <voteDescription>Consideration and approval of a non-binding advisory resolution on the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesVoted>137141.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>137141.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>003881307</cusip>
    <isin>US0038813079</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>To approve, on a non-binding, advisory basis, the compensation of our named executive officers, as disclosed in the accompanying Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>47300.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>47300.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>031652100</cusip>
    <isin>US0316521006</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>60600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>60600.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>AXT, Inc.</issuerName>
    <cusip>00246W103</cusip>
    <isin>US00246W1036</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of our Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>75700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>75700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>05508R106</cusip>
    <isin>US05508R1068</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Approval, by non-binding advisory vote, of executive compensation:</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>70320.000000</sharesVoted>
    <sharesOnLoan>212980.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>70320.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Bank7 Corp.</issuerName>
    <cusip>06652N107</cusip>
    <isin>US06652N1072</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Advisory vote on named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>24957.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>24957.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>066849100</cusip>
    <isin>US0668491006</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>To hold a non-binding advisory vote on the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>50966.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>50966.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
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  <proxyTable>
    <issuerName>BlueLinx Holdings Inc.</issuerName>
    <cusip>09624H208</cusip>
    <isin>US09624H2085</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Proposal to approve the non-binding, advisory resolution regarding the executive compensation described in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>98657.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>98657.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Broadwind, Inc.</issuerName>
    <cusip>11161T207</cusip>
    <isin>US11161T2078</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>To cast a non-binding advisory vote approving the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>5000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>5000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Bunge Global SA</issuerName>
    <cusip>H11356104</cusip>
    <isin>CH1300646267</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Advisory Vote to Approve Named Executive Officer Compensation Under U.S. Securities Law Requirements;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>31800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>31800.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Capital Bancorp, Inc.</issuerName>
    <cusip>139737100</cusip>
    <isin>US1397371006</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Proposal to approve on a non-binding, advisory basis, the compensation of the Company's named executive officers, as described in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>73950.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>73950.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Cheniere Energy, Inc.</issuerName>
    <cusip>16411R208</cusip>
    <isin>US16411R2085</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Approve, on an advisory and non-binding basis, the compensation of the Company's named executive officers for 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>11950.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>11950.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Commercial Vehicle Group, Inc.</issuerName>
    <cusip>202608105</cusip>
    <isin>US2026081057</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>A non-binding advisory vote on the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>137200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>137200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Cooper-Standard Holdings Inc.</issuerName>
    <cusip>21676P103</cusip>
    <isin>US21676P1030</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Advisory Vote on Named Executive Officer Compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>21400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>21400.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Core Molding Technologies, Inc.</issuerName>
    <cusip>218683100</cusip>
    <isin>US2186831002</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>A non-binding advisory vote on the compensation of the named executive officers;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>54000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>54000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Eagle Bancorp, Inc.</issuerName>
    <cusip>268948106</cusip>
    <isin>US2689481065</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>To approve a non-binding, advisory resolution approving the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>70070.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>70070.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>First Guaranty Bancshares, Inc.</issuerName>
    <cusip>32043P106</cusip>
    <isin>US32043P1066</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>To approve an advisory, non-binding resolution with respect to our executive compensation as described in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>41891.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>41891.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Fulgent Genetics, Inc.</issuerName>
    <cusip>359664109</cusip>
    <isin>US3596641098</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, compensation awarded to the Company's named executive officers (Say-on-Pay).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>2708.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>2708.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Full House Resorts, Inc.</issuerName>
    <cusip>359678109</cusip>
    <isin>US3596781092</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>22300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>22300.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Full House Resorts, Inc.</issuerName>
    <cusip>359678109</cusip>
    <isin>US3596781092</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Advisory vote to approve the frequency of future advisory votes on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>22300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>22300.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Gulf Island Fabrication, Inc.</issuerName>
    <cusip>402307102</cusip>
    <isin>US4023071024</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>88448.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>88448.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Hamilton Insurance Group, Ltd.</issuerName>
    <cusip>G42706104</cusip>
    <isin>BMG427061046</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Approve, on a non-binding, advisory basis, the fiscal 2024 compensation paid to our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>251500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>251500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Independent Bank Corp.</issuerName>
    <cusip>453836108</cusip>
    <isin>US4538361084</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Approve, on an advisory basis, the compensation of our named executive officers</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>50000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>50000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>InfuSystem Holdings, Inc.</issuerName>
    <cusip>45685K102</cusip>
    <isin>US45685K1025</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Approval, on advisory basis, of the Company's Executive Compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>67900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>67900.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Interface, Inc.</issuerName>
    <cusip>458665304</cusip>
    <isin>US4586653044</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>191766.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>191766.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>LSB Industries, Inc.</issuerName>
    <cusip>502160104</cusip>
    <isin>US5021601043</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Proposal to approve, on an advisory basis, the named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>250400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>250400.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>NL Industries, Inc.</issuerName>
    <cusip>629156407</cusip>
    <isin>US6291564077</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Nonbinding advisory vote approving named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>68962.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>68962.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>NN, Inc.</issuerName>
    <cusip>629337106</cusip>
    <isin>US6293371067</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Advisory (non-binding) vote to approve the compensation of the named executive officers of NN, Inc.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>126103.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>126103.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>NPK International Inc.</issuerName>
    <cusip>651718504</cusip>
    <isin>US6517185046</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Advisory vote to approve named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>250000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>250000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Orion Group Holdings, Inc.</issuerName>
    <cusip>68628V308</cusip>
    <isin>US68628V3087</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>A non-binding advisory proposal to approve the compensation of our named executive officers as disclosed in the proxy statement (the &quot;say-on-pay&quot; vote).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>75731.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>75731.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Owens &amp; Minor, Inc.</issuerName>
    <cusip>690732102</cusip>
    <isin>US6907321029</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>253600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>253600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Patrick Industries, Inc.</issuerName>
    <cusip>703343103</cusip>
    <isin>US7033431039</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>To approve, in an advisory and non-binding vote, the compensation of the Company's named executive officers for fiscal year 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>0.000000</sharesVoted>
    <sharesOnLoan>147.000000</sharesOnLoan>
  </proxyTable>
  <proxyTable>
    <issuerName>Patrick Industries, Inc.</issuerName>
    <cusip>703343103</cusip>
    <isin>US7033431039</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>To recommend, in an advisory and non-binding vote, the frequency of shareholder votes on executive compensation (a &quot;Say-on-Frequency&quot; vote).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>0.000000</sharesVoted>
    <sharesOnLoan>147.000000</sharesOnLoan>
  </proxyTable>
  <proxyTable>
    <issuerName>Potbelly Corporation</issuerName>
    <cusip>73754Y100</cusip>
    <isin>US73754Y1001</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>A non-binding, advisory vote on a resolution approving the 2024 compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>62100.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>62100.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Regional Management Corp.</issuerName>
    <cusip>75902K106</cusip>
    <isin>US75902K1060</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Advisory vote to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>56500.000000</sharesVoted>
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    <vote>
      <voteRecord>
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        <sharesVoted>56500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Solaris Energy Infrastructure, Inc.</issuerName>
    <cusip>83418M103</cusip>
    <isin>US83418M1036</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Approve, on a non-binding advisory basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesVoted>0.000000</sharesVoted>
    <sharesOnLoan>68593.000000</sharesOnLoan>
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  <proxyTable>
    <issuerName>Standard Motor Products, Inc.</issuerName>
    <cusip>853666105</cusip>
    <isin>US8536661056</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Approval of non-binding, advisory resolution on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>81600.000000</sharesVoted>
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    <vote>
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        <howVoted>FOR</howVoted>
        <sharesVoted>81600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>SunCoke Energy, Inc.</issuerName>
    <cusip>86722A103</cusip>
    <isin>US86722A1034</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>To hold a non-binding advisory vote to approve the compensation of the Company's named executive officers (&quot;Say-on-Pay&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1028100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>1028100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Sylvamo Corporation</issuerName>
    <cusip>871332102</cusip>
    <isin>US8713321029</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Approve, on a non-binding advisory basis, the compensation of our named executive officers</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>63000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>63000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Tutor Perini Corporation</issuerName>
    <cusip>901109108</cusip>
    <isin>US9011091082</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>Approve the compensation of the Company's named executive officers on an advisory (non-binding) basis.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>275000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>275000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    </vote>
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  <proxyTable>
    <issuerName>United-Guardian, Inc.</issuerName>
    <cusip>910571108</cusip>
    <isin>US9105711082</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>APPROVAL ON AN ADVISORY BASIS TO HOLD A VOTE ON THE FREQUENCY OF VOTING ON THE COMPENSATION PAID TO THE COMPANY'S NAMED EXECUTIVE OFFICERS.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>13466.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>13466.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>United-Guardian, Inc.</issuerName>
    <cusip>910571108</cusip>
    <isin>US9105711082</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>APPROVAL ON AN ADVISORY BASIS OF THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>13466.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>13466.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>WSFS Financial Corporation</issuerName>
    <cusip>929328102</cusip>
    <isin>US9293281021</isin>
    <meetingDate>05/15/2025</meetingDate>
    <voteDescription>An advisory (non-binding) Say-on-Pay Vote relating to the compensation of WSFS Financial Corporation's named executive officers (&quot;NEOs&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>95759.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>95759.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>DHI Group, Inc.</issuerName>
    <cusip>23331S100</cusip>
    <isin>US23331S1006</isin>
    <meetingDate>05/16/2025</meetingDate>
    <voteDescription>Advisory vote with respect to the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>125600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>125600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
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    <issuerName>First Merchants Corporation</issuerName>
    <cusip>320817109</cusip>
    <isin>US3208171096</isin>
    <meetingDate>05/16/2025</meetingDate>
    <voteDescription>Proposal to approve, on an advisory basis, the compensation of First Merchants Corporation's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>175600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>175600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
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  <proxyTable>
    <issuerName>Flotek Industries, Inc.</issuerName>
    <cusip>343389409</cusip>
    <isin>US3433894090</isin>
    <meetingDate>05/16/2025</meetingDate>
    <voteDescription>ITEM 2: Advisory vote to approve named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>74359.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>74359.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  </proxyTable>
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    <issuerName>iRobot Corporation</issuerName>
    <cusip>462726100</cusip>
    <isin>US4627261005</isin>
    <meetingDate>05/16/2025</meetingDate>
    <voteDescription>Approve, on a non-binding, advisory basis, the compensation of our named executive officers as disclosed in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>0.000000</sharesVoted>
    <sharesOnLoan>40000.000000</sharesOnLoan>
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  <proxyTable>
    <issuerName>Personalis, Inc.</issuerName>
    <cusip>71535D106</cusip>
    <isin>US71535D1063</isin>
    <meetingDate>05/16/2025</meetingDate>
    <voteDescription>Approval, on a non-binding, advisory basis, of the compensation of the Company's named executive officers, as disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>30600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>30600.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Quantum-Si Incorporated</issuerName>
    <cusip>74765K105</cusip>
    <isin>US74765K1051</isin>
    <meetingDate>05/16/2025</meetingDate>
    <voteDescription>To approve, by a non-binding, advisory vote, the compensation of our named executive officers, as disclosed in this proxy statement</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>6100.000000</sharesVoted>
    <sharesOnLoan>190000.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>6100.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>U.S. Energy Corp.</issuerName>
    <cusip>911805307</cusip>
    <isin>US9118053076</isin>
    <meetingDate>05/16/2025</meetingDate>
    <voteDescription>Advisory vote to approve named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>17610.000000</sharesVoted>
    <sharesOnLoan>9390.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>17610.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  </proxyTable>
  <proxyTable>
    <issuerName>First Internet Bancorp</issuerName>
    <cusip>320557101</cusip>
    <isin>US3205571017</isin>
    <meetingDate>05/19/2025</meetingDate>
    <voteDescription>To approve, in an advisory (non-binding) vote, the compensation paid to our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>32500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>32500.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>First Internet Bancorp</issuerName>
    <cusip>320557101</cusip>
    <isin>US3205571017</isin>
    <meetingDate>05/19/2025</meetingDate>
    <voteDescription>To approve, in an advisory (non-binding) vote, whether to conduct future advisory votes to approve executive compensation every one, two or three years.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>32500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>32500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>FONAR Corporation</issuerName>
    <cusip>344437405</cusip>
    <isin>US3444374058</isin>
    <meetingDate>05/19/2025</meetingDate>
    <voteDescription>To approve, by non-binding vote, executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>60400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>60400.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>HomeTrust Bancshares, Inc.</issuerName>
    <cusip>437872104</cusip>
    <isin>US4378721041</isin>
    <meetingDate>05/19/2025</meetingDate>
    <voteDescription>An advisory (non-binding) vote on executive compensation (commonly referred to as a &quot;say on pay vote&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>52500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>52500.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>International Bancshares Corporation</issuerName>
    <cusip>459044103</cusip>
    <isin>US4590441030</isin>
    <meetingDate>05/19/2025</meetingDate>
    <voteDescription>PROPOSAL TO CONSIDER AND VOTE ON a non-binding advisory resolution to approve the compensation of the Company's named executives as described in the Compensation Discussion and Analysis and the tabular disclosure regarding executive compensation in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>18900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>18900.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>International Bancshares Corporation</issuerName>
    <cusip>459044103</cusip>
    <isin>US4590441030</isin>
    <meetingDate>05/19/2025</meetingDate>
    <voteDescription>PROPOSAL TO CONSIDER AND VOTE ON a non-binding advisory resolution to approve the FREQUENCY OF THE APPROVAL OF THE Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>18900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>18900.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Kinetik Holdings Inc.</issuerName>
    <cusip>02215L209</cusip>
    <isin>US02215L2097</isin>
    <meetingDate>05/19/2025</meetingDate>
    <voteDescription>Approval of a non-binding resolution regarding the compensation of named executive officers for 2024 (say-on-pay).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>4200.000000</sharesVoted>
    <sharesOnLoan>10700.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>4200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Kingsway Financial Services Inc.</issuerName>
    <cusip>496904202</cusip>
    <isin>US4969042021</isin>
    <meetingDate>05/19/2025</meetingDate>
    <voteDescription>To approve, on a non-binding and advisory basis, the compensation of the named executive officers of the Corporation (say-on-pay).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>29300.000000</sharesVoted>
    <sharesOnLoan>5800.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>29300.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>LCNB Corp.</issuerName>
    <cusip>50181P100</cusip>
    <isin>US50181P1003</isin>
    <meetingDate>05/19/2025</meetingDate>
    <voteDescription>Advisory vote approving the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>43600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>43600.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Mistras Group, Inc.</issuerName>
    <cusip>60649T107</cusip>
    <isin>US60649T1079</isin>
    <meetingDate>05/19/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of Mistras Group, Inc.'s named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>189050.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>189050.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>OceanFirst Financial Corp.</issuerName>
    <cusip>675234108</cusip>
    <isin>US6752341080</isin>
    <meetingDate>05/19/2025</meetingDate>
    <voteDescription>Advisory vote on the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>125323.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>125323.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>USANA Health Sciences, Inc.</issuerName>
    <cusip>90328M107</cusip>
    <isin>US90328M1071</isin>
    <meetingDate>05/19/2025</meetingDate>
    <voteDescription>Approve on an advisory basis the Company's executive compensation, commonly referred to as a &quot;Say on Pay&quot; proposal.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>25000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>25000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>ACCO Brands Corporation</issuerName>
    <cusip>00081T108</cusip>
    <isin>US00081T1088</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>Approval, by non-binding advisory vote, of the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>381300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>381300.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Bank of the James Financial Group, Inc.</issuerName>
    <cusip>470299108</cusip>
    <isin>US4702991088</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>Advisory vote on approval of executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>13000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>13000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Berry Corporation (bry)</issuerName>
    <cusip>08579X101</cusip>
    <isin>US08579X1019</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>Approve a non-binding resolution regarding the compensation of the Company's named executive officers for 2024 (say-on-pay).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>400400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>400400.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Beyond Meat, Inc.</issuerName>
    <cusip>08862E109</cusip>
    <isin>US08862E1091</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>To approve, on an advisory (non-binding) basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>4400.000000</sharesVoted>
    <sharesOnLoan>90000.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>4400.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Camden National Corporation</issuerName>
    <cusip>133034108</cusip>
    <isin>US1330341082</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>To approve, by non-binding advisory vote, the compensation of the Company's named executive officers (&quot;Say on Pay&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>39100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>39100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Cardlytics, Inc.</issuerName>
    <cusip>14161W105</cusip>
    <isin>US14161W1053</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>Advisory vote to approve compensation of named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>20349.000000</sharesVoted>
    <sharesOnLoan>31651.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>20349.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Conduent Incorporated</issuerName>
    <cusip>206787103</cusip>
    <isin>US2067871036</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the 2024 compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>684200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>684200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>ConnectOne Bancorp, Inc.</issuerName>
    <cusip>20786W107</cusip>
    <isin>US20786W1071</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>To vote, on an advisory basis, to approve the executive compensation of ConnectOne Bancorp, Inc.'s named executive officers, as described in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>104446.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>104446.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>East West Bancorp, Inc.</issuerName>
    <cusip>27579R104</cusip>
    <isin>US27579R1041</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers for 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>16000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>16000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>First Northwest Bancorp</issuerName>
    <cusip>335834107</cusip>
    <isin>US3358341077</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>An advisory (non-binding) vote to approve the compensation of our named executive officers, as disclosed in this Proxy Statement; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>23537.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>23537.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Fulton Financial Corporation</issuerName>
    <cusip>360271100</cusip>
    <isin>US3602711000</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>A non-binding advisory proposal to approve the compensation of Fulton Financial Corporation's (&quot;Fulton&quot;) named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>241500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>241500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Genco Shipping &amp; Trading Limited</issuerName>
    <cusip>Y2685T131</cusip>
    <isin>MHY2685T1313</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>To approve a non-binding, advisory resolution regarding executive compensation of Genco's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>180900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>180900.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Hyliion Holdings Corp.</issuerName>
    <cusip>449109107</cusip>
    <isin>US4491091074</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, compensation for the Company's named executive officers, as disclosed in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>42500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>42500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Live Oak Bancshares, Inc.</issuerName>
    <cusip>53803X105</cusip>
    <isin>US53803X1054</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>Say-on-Pay Vote. Non-binding, advisory proposal to approve compensation paid to our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>74060.000000</sharesVoted>
    <sharesOnLoan>50691.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>74060.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Live Oak Bancshares, Inc.</issuerName>
    <cusip>53803X105</cusip>
    <isin>US53803X1054</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>Say-on-Frequency Vote. Non-binding, advisory proposal regarding the frequency of future advisory votes on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>74060.000000</sharesVoted>
    <sharesOnLoan>50691.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>74060.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MGE Energy, Inc.</issuerName>
    <cusip>55277P104</cusip>
    <isin>US55277P1049</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>Advisory Vote: Approval of the compensation of the named executive officers as disclosed in the proxy statement under the heading &quot;Executive Compensation.&quot;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>47000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>47000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MVB Financial Corp.</issuerName>
    <cusip>553810102</cusip>
    <isin>US5538101024</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>To approve on a non-binding advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>149600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>149600.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MVB Financial Corp.</issuerName>
    <cusip>553810102</cusip>
    <isin>US5538101024</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>To approve a non-binding advisory vote on whether an advisory vote on executive compensation should be held every one, two or three years.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>149600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>149600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>NI Holdings, Inc.</issuerName>
    <cusip>65342T106</cusip>
    <isin>US65342T1060</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>Proposal to approve the compensation of our Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>50000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>50000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Old Second Bancorp, Inc.</issuerName>
    <cusip>680277100</cusip>
    <isin>US6802771005</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>Proposal to approve on a non-binding, advisory basis, the compensation of the Company's named executive officers, as described in the Company's Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>306403.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>306403.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Old Second Bancorp, Inc.</issuerName>
    <cusip>680277100</cusip>
    <isin>US6802771005</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>Approval, in a non-advisory vote, of the frequency of future stockholder advisory votes on the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>306403.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>306403.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Pioneer Bancorp, Inc.</issuerName>
    <cusip>723561106</cusip>
    <isin>US7235611065</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>Approval of a non-binding advisory resolution regarding the compensation of Pioneer Bancorp, Inc.'s named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>98200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>98200.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Pioneer Bancorp, Inc.</issuerName>
    <cusip>723561106</cusip>
    <isin>US7235611065</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>Approval of a non-binding advisory vote as to whether advisory votes on named executive officer compensation should be held every year, every two years or every three years.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>98200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>98200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Preferred Bank</issuerName>
    <cusip>740367404</cusip>
    <isin>US7403674044</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>ADVISORY COMPENSATION VOTE. To approve, in a non-binding advisory vote, the compensation of our named executive officers (&quot;Say on Pay&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>14633.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>14633.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Preferred Bank</issuerName>
    <cusip>740367404</cusip>
    <isin>US7403674044</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>FREQUENCY OF ADVISORY VOTE. To express preference, in a non-binding advisory vote, on the frequency of Say on Pay.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>14633.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>14633.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>ProPetro Holding Corp.</issuerName>
    <cusip>74347M108</cusip>
    <isin>US74347M1080</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of our Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>480000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>480000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>ProPetro Holding Corp.</issuerName>
    <cusip>74347M108</cusip>
    <isin>US74347M1080</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the frequency of future advisory votes on the compensation of our Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>480000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>480000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Proto Labs, Inc.</issuerName>
    <cusip>743713109</cusip>
    <isin>US7437131094</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>Advisory vote on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>1000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>SiriusPoint Ltd.</issuerName>
    <cusip>G8192H106</cusip>
    <isin>BMG8192H1060</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>To approve, by a non-binding advisory vote, the executive compensation payable to the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>572100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>572100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>South Plains Financial, Inc.</issuerName>
    <cusip>83946P107</cusip>
    <isin>US83946P1075</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>To approve the Company's compensation for named executive officers - advisory (non-binding) vote.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>94700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>94700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>South Plains Financial, Inc.</issuerName>
    <cusip>83946P107</cusip>
    <isin>US83946P1075</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>To approve the frequency of advisory votes on the Company's compensation for named executive officers - advisory (non-binding) vote.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>94700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>94700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Southern First Bancshares, Inc.</issuerName>
    <cusip>842873101</cusip>
    <isin>US8428731017</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>To conduct an advisory vote on the compensation of our named executive officers as disclosed in this proxy statement (this is a non-binding, advisory vote).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>30038.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>30038.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Southern First Bancshares, Inc.</issuerName>
    <cusip>842873101</cusip>
    <isin>US8428731017</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>To conduct an advisory vote on the frequency of votes on our executive compensation (this is a non-binding. advisory vote).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>30038.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>30038.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Targa Resources Corp.</issuerName>
    <cusip>87612G101</cusip>
    <isin>US87612G1013</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's named executive officers for the fiscal year ended December 31, 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>12580.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>12580.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>TrustCo Bank Corp NY</issuerName>
    <cusip>898349204</cusip>
    <isin>US8983492047</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>Approval of a non-binding advisory resolution on the compensation of TrustCo's named executive officers as disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>46680.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>46680.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Waterstone Financial, Inc.</issuerName>
    <cusip>94188P101</cusip>
    <isin>US94188P1012</isin>
    <meetingDate>05/20/2025</meetingDate>
    <voteDescription>Approving an advisory, non-binding resolution to approve the executive compensation described in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>347047.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>347047.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Alpine Income Property Trust, Inc.</issuerName>
    <cusip>02083X103</cusip>
    <isin>US02083X1037</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Advisory vote to approve executive compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>49094.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>49094.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Alpine Income Property Trust, Inc.</issuerName>
    <cusip>02083X103</cusip>
    <isin>US02083X1037</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Advisory vote on frequency of advisory vote on executive compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>49094.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>49094.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Amalgamated Financial Corp.</issuerName>
    <cusip>022671101</cusip>
    <isin>US0226711010</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To conduct a non-binding, advisory vote on the compensation of our Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>182330.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>182330.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Amazon.com, Inc.</issuerName>
    <cusip>023135106</cusip>
    <isin>US0231351067</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>22010.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>22010.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Aytu BioPharma, Inc.</issuerName>
    <cusip>054754858</cusip>
    <isin>US0547548588</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>The advisory vote on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>1500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Bank of Marin Bancorp</issuerName>
    <cusip>063425102</cusip>
    <isin>US0634251021</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To approve, by non-binding vote, executive compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>76813.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>76813.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Bankwell Financial Group, Inc.</issuerName>
    <cusip>06654A103</cusip>
    <isin>US06654A1034</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To approve the advisory (non-binding) proposal on the Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>25002.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>25002.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Berkshire Hills Bancorp, Inc.</issuerName>
    <cusip>084680107</cusip>
    <isin>US0846801076</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>a proposal to approve, on a non-binding advisory basis, the compensation of Berkshire's named executive officers (the &quot;Berkshire Say-on-Pay Proposal&quot;);</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>115000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>115000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Blue Ridge Bankshares, Inc.</issuerName>
    <cusip>095825105</cusip>
    <isin>US0958251052</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To approve, in an advisory (non-binding) vote, the Company's named executive officer compensation disclosed in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>154337.000000</sharesVoted>
    <sharesOnLoan>1000.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>154337.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Blue Ridge Bankshares, Inc.</issuerName>
    <cusip>095825105</cusip>
    <isin>US0958251052</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To approve, in an advisory (non-binding) vote, whether to hold the vote of the approval of the Company's named executive officer compensation every one, two or three years.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>154337.000000</sharesVoted>
    <sharesOnLoan>1000.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>154337.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Brookline Bancorp, Inc.</issuerName>
    <cusip>11373M107</cusip>
    <isin>US11373M1071</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>A proposal to approve, on a non-binding advisory basis, the compensation that may become payable to the named executive officers of Brookline in connection with the Mergers (the &quot;Brookline Merger-Related Compensation Proposal&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>200000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>200000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>CB Financial Services, Inc.</issuerName>
    <cusip>12479G101</cusip>
    <isin>US12479G1013</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Advisory (non-binding) vote to approve the compensation of the Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>31000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>31000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>ChoiceOne Financial Services, Inc.</issuerName>
    <cusip>170386106</cusip>
    <isin>US1703861062</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Advisory approval of the Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>28500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>28500.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>ChoiceOne Financial Services, Inc.</issuerName>
    <cusip>170386106</cusip>
    <isin>US1703861062</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>An advisory vote to determine whether future advisory votes to approve the Company's executive compensation should occur every 1, 2, or 3 years.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>28500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>28500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>ClearPoint Neuro, Inc.</issuerName>
    <cusip>18507C103</cusip>
    <isin>US18507C1036</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>An advisory (non-binding) vote to approve the compensation of ClearPoint Neuro, Inc.'s named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>66992.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>66992.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>ClearPoint Neuro, Inc.</issuerName>
    <cusip>18507C103</cusip>
    <isin>US18507C1036</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>An advisory (non-binding) vote to set the frequency of future advisory votes on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>66992.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>66992.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Community West Bancshares</issuerName>
    <cusip>203937107</cusip>
    <isin>US2039371073</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To adopt a non-binding advisory resolution approving executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>46701.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>46701.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>CompX International Inc.</issuerName>
    <cusip>20563P101</cusip>
    <isin>US20563P1012</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Say-on-Pay, nonbinding advisory vote approving executive compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>21871.000000</sharesVoted>
    <sharesOnLoan>8950.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>21871.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>CPI Card Group Inc.</issuerName>
    <cusip>12634H200</cusip>
    <isin>US12634H2004</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Advisory vote to approve named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>13900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>13900.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>DNOW Inc.</issuerName>
    <cusip>67011P100</cusip>
    <isin>US67011P1003</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To consider and act upon an advisory proposal to approve the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>410000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>410000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Eastman Kodak Company</issuerName>
    <cusip>277461406</cusip>
    <isin>US2774614067</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of our named executive officers</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>10333.000000</sharesVoted>
    <sharesOnLoan>287667.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>10333.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>EOG Resources, Inc.</issuerName>
    <cusip>26875P101</cusip>
    <isin>US26875P1012</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To approve, by non-binding vote, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>18500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>18500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Epsilon Energy Ltd.</issuerName>
    <cusip>294375209</cusip>
    <isin>CA2943752097</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To approve, through a non-binding advisory vote, the compensation paid to the Corporation's named executive officers for the year ended December 31, 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>315397.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>315397.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>First BanCorp.</issuerName>
    <cusip>318672706</cusip>
    <isin>PR3186727065</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To approve on a non-binding basis the 2024 compensation of First BanCorp's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>159500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>159500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>First Capital, Inc.</issuerName>
    <cusip>31942S104</cusip>
    <isin>US31942S1042</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>The approval of an advisory vote on the compensation of First Capital, Inc.'s named executive officers as disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>15035.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>15035.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>First Community Corporation</issuerName>
    <cusip>319835104</cusip>
    <isin>US3198351047</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To approve the compensation of our named executive officers as disclosed in the proxy statement (this is a non-binding, advisory vote) (&quot;Say-on-Pay&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>12637.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>12637.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>First Community Corporation</issuerName>
    <cusip>319835104</cusip>
    <isin>US3198351047</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To approve a non-binding resolution to determine whether shareholders should have a Say-on-Pay every one, two, or three years (&quot;Say-on-Frequency&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>12637.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>12637.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Foot Locker, Inc.</issuerName>
    <cusip>344849104</cusip>
    <isin>US3448491049</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Vote, on an Advisory Basis, to Approve the Company's Named Executive Officers' Compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>330000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>330000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Guaranty Bancshares, Inc.</issuerName>
    <cusip>400764106</cusip>
    <isin>US4007641065</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Non-binding advisory vote on the compensation of the Company's named executive officers;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>3000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>3000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Gulfport Energy Corporation</issuerName>
    <cusip>402635502</cusip>
    <isin>US4026355028</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To approve, on an advisory, non-binding basis, the compensation paid to the Company's named executive officers as described in this proxy statement (the Say-On-Pay Proposal or Proposal 3).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>59549.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>59549.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Investar Holding Corporation</issuerName>
    <cusip>46134L105</cusip>
    <isin>US46134L1052</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>80365.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>80365.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Investors Title Company</issuerName>
    <cusip>461804106</cusip>
    <isin>US4618041069</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Advisory proposal to approve named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>494.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>494.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Investors Title Company</issuerName>
    <cusip>461804106</cusip>
    <isin>US4618041069</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Advisory proposal on the frequency of future advisory votes to approve the compensation paid to our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>494.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>494.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Jones Lang LaSalle Incorporated</issuerName>
    <cusip>48020Q107</cusip>
    <isin>US48020Q1076</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of JLL'S Executive Compensation (&quot;Say On Pay&quot;)</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Lake Shore Bancorp, Inc.</issuerName>
    <cusip>510704109</cusip>
    <isin>US5107041098</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Approve, on an advisory basis, a non-binding resolution regarding the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>12244.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>12244.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Landmark Bancorp, Inc.</issuerName>
    <cusip>51504L107</cusip>
    <isin>US51504L1070</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Approve, on a non-binding, advisory basis, the compensation of our named executive officers, as described in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>25910.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>25910.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Landmark Bancorp, Inc.</issuerName>
    <cusip>51504L107</cusip>
    <isin>US51504L1070</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Approve, on a non-binding, advisory basis, the frequency with which we will conduct future say-on-pay proposals.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>25910.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>25910.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Lands' End, Inc.</issuerName>
    <cusip>51509F105</cusip>
    <isin>US51509F1057</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of our Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>28000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>28000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MacroGenics, Inc.</issuerName>
    <cusip>556099109</cusip>
    <isin>US5560991094</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's named executive officers as disclosed in the proxy materials.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>140200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>140200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MainStreet Bancshares, Inc.</issuerName>
    <cusip>56064Y100</cusip>
    <isin>US56064Y1001</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To vote, on an advisory, non-binding basis, to approve the compensation of the named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>22980.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>22980.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MainStreet Bancshares, Inc.</issuerName>
    <cusip>56064Y100</cusip>
    <isin>US56064Y1001</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To vote, on an advisory, non-binding basis, on the frequency of future shareholder advisory voting on the compensation of named executive officers. Such non-binding shareholder vote will occur every 1, every 2, or every 3 years.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>22980.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>22980.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Maui Land &amp; Pineapple Company, Inc.</issuerName>
    <cusip>577345101</cusip>
    <isin>US5773451019</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>TO APPROVE, ON A NON-BINDING ADVISORY BASIS, THE COMPENSATION PAID TO OUR NAMED EXECUTIVE OFFICERS</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>22546.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>22546.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Maui Land &amp; Pineapple Company, Inc.</issuerName>
    <cusip>577345101</cusip>
    <isin>US5773451019</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>TO APPROVE, ON A NON-BINDING ADVISORY BASIS, THE FREQUENCY OF FUTURE ADVISORY VOTES ON THE COMPENSATION PAID TO OUR NAMED EXECUTIVE OFFICERS.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>22546.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>22546.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>NCS Multistage Holdings, Inc.</issuerName>
    <cusip>628877201</cusip>
    <isin>US6288772014</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>10000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>10000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Onity Group Inc.</issuerName>
    <cusip>675746606</cusip>
    <isin>US6757466064</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of the named executive officers, as disclosed in the accompanying Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>58031.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>58031.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>PHINIA Inc.</issuerName>
    <cusip>71880K101</cusip>
    <isin>US71880K1016</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Advisory approval of the compensation of our Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>212100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>212100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Plumas Bancorp</issuerName>
    <cusip>729273102</cusip>
    <isin>US7292731020</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To approve the Company's executive compensation on an advisory (non-binding) basis.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>2000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>2000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Plumas Bancorp</issuerName>
    <cusip>729273102</cusip>
    <isin>US7292731020</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To approve the frequency of vote on executive compensation on an advisory (non-binding) basis.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>2000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>2000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>RBB Bancorp</issuerName>
    <cusip>74930B105</cusip>
    <isin>US74930B1052</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To approve, by a non-binding advisory vote, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>65883.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>65883.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Rhinebeck Bancorp, Inc.</issuerName>
    <cusip>762093102</cusip>
    <isin>US7620931029</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>The approval, on an advisory (non-binding) basis, of the compensation of our Named Executive Officers as presented in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>15000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>15000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Rhinebeck Bancorp, Inc.</issuerName>
    <cusip>762093102</cusip>
    <isin>US7620931029</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>The approval of the frequency of conducting advisory (non-binding) votes on the compensation of our Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>15000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>15000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Richmond Mutual Bancorporation, Inc.</issuerName>
    <cusip>76525P100</cusip>
    <isin>US76525P1003</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>An advisory (non-binding) vote on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>25000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>25000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Richmond Mutual Bancorporation, Inc.</issuerName>
    <cusip>76525P100</cusip>
    <isin>US76525P1003</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>An advisory (non-binding) vote as to whether future advisory votes on executive compensation should be held every one year, every two years of every three years.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>25000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>25000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Sierra Bancorp</issuerName>
    <cusip>82620P102</cusip>
    <isin>US82620P1021</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To approve, on an advisory and non binding basis, the compensation paid to the Company's Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>53000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>53000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Solid Power, Inc.</issuerName>
    <cusip>83422N105</cusip>
    <isin>US83422N1054</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Approval, by a non-binding advisory vote, of the compensation of Solid Power, Inc.'s named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>0.000000</sharesVoted>
    <sharesOnLoan>300000.000000</sharesOnLoan>
  </proxyTable>
  <proxyTable>
    <issuerName>SpartanNash Company</issuerName>
    <cusip>847215100</cusip>
    <isin>US8472151005</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Advisory Approval of the Company's Named Executive Officer Compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>322196.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>322196.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Stellar Bancorp, Inc.</issuerName>
    <cusip>858927106</cusip>
    <isin>US8589271068</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To conduct an advisory, non-binding vote regarding the compensation paid to our named executive officers as disclosed in the accompanying proxy statement (&quot;Say-On-Pay&quot;);</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>208140.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>208140.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Summit Hotel Properties, Inc.</issuerName>
    <cusip>866082100</cusip>
    <isin>US8660821005</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>An advisory (non-binding) resolution to approve our named executive officers' compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>13300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>13300.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Superior Industries International, Inc.</issuerName>
    <cusip>868168105</cusip>
    <isin>US8681681057</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To approve, in a non-binding advisory vote, the compensation of the Company's named executive officers for the fiscal year ended December 31, 2024;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>37600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>37600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Sypris Solutions, Inc.</issuerName>
    <cusip>871655106</cusip>
    <isin>US8716551069</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the named executive officers as disclosed in the proxy statement</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>65204.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>65204.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Sypris Solutions, Inc.</issuerName>
    <cusip>871655106</cusip>
    <isin>US8716551069</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Say on Frequency - An advisory approval on the frequency of future named executive officer compensation advisory votes</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>65204.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>65204.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>TEGNA Inc.</issuerName>
    <cusip>87901J105</cusip>
    <isin>US87901J1051</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>COMPANY PROPOSAL TO APPROVE, ON AN ADVISORY BASIS, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>728000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>728000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>The Joint Corp.</issuerName>
    <cusip>47973J102</cusip>
    <isin>US47973J1025</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>4200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>4200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Union Bankshares, Inc.</issuerName>
    <cusip>905400107</cusip>
    <isin>US9054001071</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Advisory (Nonbinding) vote to approve the compensation paid to the Company's named executive officers, as disclosed pursuant to item 402 of SEC regulation S-K, including the compensation committee report, compensation tables and narrative discussion.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>6014.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>6014.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Union Bankshares, Inc.</issuerName>
    <cusip>905400107</cusip>
    <isin>US9054001071</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Advisory (Nonbinding) vote to approve a frequency of one, two or three years for future advisory Say-On-Pay votes of the shareholders.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>6014.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>6014.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>United Airlines Holdings, Inc.</issuerName>
    <cusip>910047109</cusip>
    <isin>US9100471096</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>A vote to approve, on a nonbinding advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>25240.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>25240.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>United Fire Group, Inc.</issuerName>
    <cusip>910340108</cusip>
    <isin>US9103401082</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of United Fire Group, Inc.'s named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>77000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>77000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>United Security Bancshares</issuerName>
    <cusip>911460103</cusip>
    <isin>US9114601035</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>A non-binding advisory vote to approve the executive compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>85900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>85900.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Vishay Precision Group, Inc.</issuerName>
    <cusip>92835K103</cusip>
    <isin>US92835K1034</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>To approve the non-binding resolution relating to the executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>20000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>20000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Xerox Holdings Corporation</issuerName>
    <cusip>98421M106</cusip>
    <isin>US98421M1062</isin>
    <meetingDate>05/21/2025</meetingDate>
    <voteDescription>Approve, on an advisory basis, the 2024 compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>128688.000000</sharesVoted>
    <sharesOnLoan>261812.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>128688.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>BancFirst Corporation</issuerName>
    <cusip>05945F103</cusip>
    <isin>US05945F1030</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Advisory vote to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>18700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>18700.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>BankUnited, Inc.</issuerName>
    <cusip>06652K103</cusip>
    <isin>US06652K1034</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>195964.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>195964.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Banner Corporation</issuerName>
    <cusip>06652V208</cusip>
    <isin>US06652V2088</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Advisory approval of the compensation of Banner Corporation's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>139827.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>139827.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Banner Corporation</issuerName>
    <cusip>06652V208</cusip>
    <isin>US06652V2088</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Advisory approval on whether future advisory votes to approve executive compensation should be held every one, every two, or every three years.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>139827.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>139827.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Business First Bancshares, Inc.</issuerName>
    <cusip>12326C105</cusip>
    <isin>US12326C1053</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>To approve, on a non-binding, advisory basis, the compensation of the Company's NEOS (the &quot;Say-on-Pay Proposal&quot;); and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>85800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>85800.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Caleres, Inc.</issuerName>
    <cusip>129500104</cusip>
    <isin>US1295001044</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Approval, by non-binding advisory vote, of the Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>0.000000</sharesVoted>
    <sharesOnLoan>91200.000000</sharesOnLoan>
  </proxyTable>
  <proxyTable>
    <issuerName>CBL &amp; Associates Properties, Inc.</issuerName>
    <cusip>124830878</cusip>
    <isin>US1248308785</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>An advisory vote on the approval of executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>94972.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>94972.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Clean Energy Fuels Corp.</issuerName>
    <cusip>184499101</cusip>
    <isin>US1844991018</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>To approve, on an advisory, non-binding basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>600000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>600000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Colony Bankcorp, Inc.</issuerName>
    <cusip>19623P101</cusip>
    <isin>US19623P1012</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>To approve, on an advisory non-binding basis, the compensation of the Company's named executive officers as disclosed in the enclosed Proxy Statement;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>81530.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>81530.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Colony Bankcorp, Inc.</issuerName>
    <cusip>19623P101</cusip>
    <isin>US19623P1012</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>To vote, on an advisory non-binding basis, on the frequency of a shareholder advisory vote on executive compensation;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>81530.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>81530.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Dime Community Bancshares, Inc.</issuerName>
    <cusip>25432X102</cusip>
    <isin>US25432X1028</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Approval, by a non-binding advisory vote, of the compensation of the Company's Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>79112.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>79112.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Employers Holdings, Inc.</issuerName>
    <cusip>292218104</cusip>
    <isin>US2922181043</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>To approve, on a non-binding basis, the Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>33200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>33200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
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    <issuerName>Everspin Technologies, Inc.</issuerName>
    <cusip>30041T104</cusip>
    <isin>US30041T1043</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>35700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>35700.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
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    <cusip>30257X104</cusip>
    <isin>US30257X1046</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Non-binding, advisory vote on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>109992.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>109992.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
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  <proxyTable>
    <issuerName>Finward Bancorp</issuerName>
    <cusip>31812F109</cusip>
    <isin>US31812F1093</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the executive compensation of the named executive officers included in the proxy statement for the Annual Meeting.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1442.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>1442.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
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    <issuerName>FS Bancorp, Inc.</issuerName>
    <cusip>30263Y104</cusip>
    <isin>US30263Y1047</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Advisory (non-binding) approval of the compensation of our named executive officers as disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>48871.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>48871.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>FS Bancorp, Inc.</issuerName>
    <cusip>30263Y104</cusip>
    <isin>US30263Y1047</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Advisory (non-binding) vote on whether future advisory votes on executive compensation should be held every one, two or three years.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>48871.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>48871.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
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    <issuerName>Green Dot Corporation</issuerName>
    <cusip>39304D102</cusip>
    <isin>US39304D1028</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>131000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>131000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
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  <proxyTable>
    <issuerName>Harte Hanks, Inc.</issuerName>
    <cusip>416196202</cusip>
    <isin>US4161962026</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>To approve (on a non-binding advisory basis) the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>40846.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>40846.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
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    <issuerName>Heidrick &amp; Struggles International, Inc.</issuerName>
    <cusip>422819102</cusip>
    <isin>US4228191023</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Advisory vote to approve Named Executive Officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>114918.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>114918.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
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  <proxyTable>
    <issuerName>Heritage Commerce Corp</issuerName>
    <cusip>426927109</cusip>
    <isin>US4269271098</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Advisory proposal on 2024 executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>132464.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>132464.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
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  <proxyTable>
    <issuerName>Hope Bancorp, Inc.</issuerName>
    <cusip>43940T109</cusip>
    <isin>US43940T1097</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>To provide an advisory vote for approval of the 2024 compensation paid to our Named Executive Officers, as disclosed in this Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>443000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>443000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Inuvo, Inc.</issuerName>
    <cusip>46122W303</cusip>
    <isin>US46122W3034</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Approval of the Advisory Vote on Executive Compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>200000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>200000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Jackson Financial Inc.</issuerName>
    <cusip>46817M107</cusip>
    <isin>US46817M1071</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Non-binding, Advisory Vote to approve executive compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>56192.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>56192.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>L.B. Foster Company</issuerName>
    <cusip>350060109</cusip>
    <isin>US3500601097</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Advisory approval of the compensation paid to the Company's named executive officers for 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>19600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>19600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>LPL Financial Holdings Inc.</issuerName>
    <cusip>50212V100</cusip>
    <isin>US50212V1008</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Approve, in an advisory vote, the compensation paid to the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>6920.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>6920.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Maplebear Inc.</issuerName>
    <cusip>565394103</cusip>
    <isin>US5653941030</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>To approve, on a non-binding, advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>57000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>57000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Mercantile Bank Corporation</issuerName>
    <cusip>587376104</cusip>
    <isin>US5873761044</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>An advisory vote to approve the compensation of our named executive officers disclosed in our proxy statement (&quot;Say-On-Pay&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>47300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>47300.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Mercantile Bank Corporation</issuerName>
    <cusip>587376104</cusip>
    <isin>US5873761044</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>An advisory vote on the frequency of advisory approval of the compensation of our named executive officers (&quot;Say-On-Frequency&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>47300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>47300.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Meridian Corporation</issuerName>
    <cusip>58958P104</cusip>
    <isin>US58958P1049</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>EXECUTIVE COMPENSATION PROPOSAL. A non-binding say-on-pay proposal to approve the compensation of the Corporation's named executive officers (the &quot;NEOs&quot;);and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>69046.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>69046.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MetroCity Bankshares, Inc.</issuerName>
    <cusip>59165J105</cusip>
    <isin>US59165J1051</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Non-binding, advisory vote on the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>9291.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>9291.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MetroCity Bankshares, Inc.</issuerName>
    <cusip>59165J105</cusip>
    <isin>US59165J1051</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Non-binding advisory vote on the frequency of the non-binding shareholder vote on the compensation of the Company's named executive offers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>9291.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>9291.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Neuronetics, Inc.</issuerName>
    <cusip>64131A105</cusip>
    <isin>US64131A1051</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Approval, on a non-binding, advisory basis, of the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>0.000000</sharesVoted>
    <sharesOnLoan>45205.000000</sharesOnLoan>
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  <proxyTable>
    <issuerName>Northrim BanCorp, Inc.</issuerName>
    <cusip>666762109</cusip>
    <isin>US6667621097</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>ADVISORY VOTE ON EXECUTIVE COMPENSATION. To approve, by nonbinding vote, the compensation of the named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>6502.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>6502.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Northwest Natural Holding Company</issuerName>
    <cusip>66765N105</cusip>
    <isin>US66765N1054</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Advisory vote to approve Named Executive Officer Compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>3900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>3900.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Perdoceo Education Corporation</issuerName>
    <cusip>71363P106</cusip>
    <isin>US71363P1066</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Advisory Vote to approve executive compensation paid by the Company to its Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>130338.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>130338.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Pulmonx Corporation</issuerName>
    <cusip>745848101</cusip>
    <isin>US7458481014</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>To conduct a non-binding advisory vote to approve our executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>65800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>65800.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>QCR Holdings, Inc.</issuerName>
    <cusip>74727A104</cusip>
    <isin>US74727A1043</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>To approve, in a non-binding, advisory vote, the compensation of certain executive officers, which is referred to as a &quot;say-on-pay&quot; vote;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>101000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>101000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Ranpak Holdings Corp.</issuerName>
    <cusip>75321W103</cusip>
    <isin>US75321W1036</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Company Proposal - Approval of a non-binding advisory resolution approving the compensation of named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>326000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>326000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Red Robin Gourmet Burgers, Inc.</issuerName>
    <cusip>75689M101</cusip>
    <isin>US75689M1018</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>22002.000000</sharesVoted>
    <sharesOnLoan>9698.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>22002.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Rigel Pharmaceuticals, Inc.</issuerName>
    <cusip>766559702</cusip>
    <isin>US7665597024</isin>
    <meetingDate>05/22/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's named executive officers, as disclosed in the accompanying proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>47470.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
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    <voteDescription>Advisory vote to approve the compensation of the Company's named executive officers.</voteDescription>
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    <voteDescription>Advisory vote to approve executive compensation</voteDescription>
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    <voteDescription>Nonbinding advisory vote approving named executive officer compensation.</voteDescription>
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    <voteDescription>To approve, on an advisory basis, the Company's executive compensation.</voteDescription>
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    <voteDescription>Advisory vote to approve the compensation of our named executive officers;</voteDescription>
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        <managementRecommendation>AGAINST</managementRecommendation>
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    <voteDescription>to approve, by a non-binding advisory vote, the compensation paid to the Company's named executive officers; and</voteDescription>
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    <voteDescription>To approve a non-binding advisory resolution regarding our executive compensation (a &quot;say-on-pay&quot; vote).</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <voteDescription>Approval of, on an advisory basis, the executive compensation of Pixelworks' named executive officers.</voteDescription>
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        <managementRecommendation>FOR</managementRecommendation>
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    <meetingDate>05/23/2025</meetingDate>
    <voteDescription>Approval of, on an advisory basis, the frequency of holding an advisory vote on executive compensation of Pixelworks' named executive officers.</voteDescription>
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        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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        <managementRecommendation>FOR</managementRecommendation>
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    <meetingDate>05/23/2025</meetingDate>
    <voteDescription>Approve 2024 executive compensation on an advisory basis.</voteDescription>
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        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <isin>US14167R1005</isin>
    <meetingDate>05/27/2025</meetingDate>
    <voteDescription>Nonbinding Say-On-Pay Proposal:</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>154763.000000</sharesVoted>
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        <managementRecommendation>FOR</managementRecommendation>
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    <isin>US3202091092</isin>
    <meetingDate>05/27/2025</meetingDate>
    <voteDescription>Advisory (non-binding) vote on the compensation of the Company's executive officers.</voteDescription>
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        <managementRecommendation>FOR</managementRecommendation>
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    <isin>US40172N1072</isin>
    <meetingDate>05/27/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's named executive officers, as disclosed in the proxy statement.</voteDescription>
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        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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        <managementRecommendation>FOR</managementRecommendation>
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    <voteDescription>Non-binding advisory vote to approve the compensation of our named executive officers.</voteDescription>
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        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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        <managementRecommendation>FOR</managementRecommendation>
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    <meetingDate>05/27/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of the Company's named executive officers.</voteDescription>
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        <managementRecommendation>AGAINST</managementRecommendation>
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    <isin>US9234511080</isin>
    <meetingDate>05/27/2025</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of our named executive officers.</voteDescription>
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      <voteCategory>
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        <managementRecommendation>FOR</managementRecommendation>
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    <isin>US00791N1028</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>To approve, on a advisory (non-binding) basis, the compensation of Advantage Solution Inc's named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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        <managementRecommendation>AGAINST</managementRecommendation>
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    <isin>US0231398845</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation for our named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <vote>
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        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>023139884</cusip>
    <isin>US0231398845</isin>
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    <voteDescription>Advisory vote on whether the compensation paid to our named executive officers should be submitted to stockholders for an advisory vote Every Year, Every 2 Years. or Every 3 Years.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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        <sharesVoted>110000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>146103106</cusip>
    <isin>US1461031064</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>To approve, in an advisory and non-binding vote, the compensation of the Company's named executive officers as disclosed in the proxy statement.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>189763105</cusip>
    <isin>US1897631057</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Proposal to adopt, on an advisory basis, the compensation paid to the Company's named executive officers as described in the Proxy Statement.</voteDescription>
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        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <vote>
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        <managementRecommendation>AGAINST</managementRecommendation>
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    <isin>US19046P2092</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Advisory (non-binding) approval of the compensation paid to named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>55400.000000</sharesVoted>
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    <vote>
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        <howVoted>AGAINST</howVoted>
        <sharesVoted>55400.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>30161Q104</cusip>
    <isin>US30161Q1040</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of Exelixis' named executive officers, as disclosed in the accompanying Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>67200.000000</sharesVoted>
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    <vote>
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        <sharesVoted>67200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>317585404</cusip>
    <isin>US3175854047</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of our named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>70000.000000</sharesVoted>
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    <vote>
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        <sharesVoted>70000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>343873105</cusip>
    <isin>US3438731057</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Advisory vote to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>68497.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>68497.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Hanmi Financial Corporation</issuerName>
    <cusip>410495204</cusip>
    <isin>US4104952043</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>To provide a non-binding advisory vote to approve the compensation of our Named Executive Officers (&quot;Say-on-Pay&quot; vote).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>267458.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>267458.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Howmet Aerospace Inc.</issuerName>
    <cusip>443201108</cusip>
    <isin>US4432011082</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Advisory vote to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>14670.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>14670.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Karyopharm Therapeutics Inc.</issuerName>
    <cusip>48576U205</cusip>
    <isin>US48576U2050</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of our named executive officers, as described in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>984.000000</sharesVoted>
    <sharesOnLoan>9016.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>984.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Karyopharm Therapeutics Inc.</issuerName>
    <cusip>48576U205</cusip>
    <isin>US48576U2050</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>To recommend, on an advisory basis, the frequency of future non-binding advisory votes on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>984.000000</sharesVoted>
    <sharesOnLoan>9016.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>984.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>LTC Properties, Inc.</issuerName>
    <cusip>502175102</cusip>
    <isin>US5021751020</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Advisory vote to approve named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>72100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>72100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Meta Platforms, Inc.</issuerName>
    <cusip>30303M102</cusip>
    <isin>US30303M1027</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation program for Meta Platforms, Inc.'s named executive officers as disclosed in Meta Platforms, Inc.'s proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>12200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>12200.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Meta Platforms, Inc.</issuerName>
    <cusip>30303M102</cusip>
    <isin>US30303M1027</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>To vote, on a non-binding advisory basis, whether a non-binding advisory vote on the compensation program for Meta Platforms, Inc.'s named executive officers should be held every one, two or three years.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>12200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>12200.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Metropolitan Bank Holding Corp.</issuerName>
    <cusip>591774104</cusip>
    <isin>US5917741044</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Non-binding Advisory Vote on Named Executive Officer Compensation for 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>23300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>23300.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Northfield Bancorp, Inc.</issuerName>
    <cusip>66611T108</cusip>
    <isin>US66611T1088</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>An advisory, non-binding resolution, to approve the executive compensation described in the Proxy Statement;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>101800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>101800.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Northfield Bancorp, Inc.</issuerName>
    <cusip>66611T108</cusip>
    <isin>US66611T1088</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>An advisory, non-binding proposal with respect to the frequency that stockholders will vote on our executive compensation;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>101800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>101800.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>PCB Bancorp</issuerName>
    <cusip>69320M109</cusip>
    <isin>US69320M1099</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Advisory Vote on Executive Compensation. To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>81200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>81200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Perspective Therapeutics, Inc.</issuerName>
    <cusip>46489V302</cusip>
    <isin>US46489V3024</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>To consider and vote on a proposal to approve, on a non-binding advisory basis, the compensation of the Company's named executive officers as disclosed in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>125000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>125000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Precision BioSciences, Inc.</issuerName>
    <cusip>74019P207</cusip>
    <isin>US74019P2074</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approval, on an advisory (non-binding) basis, of the compensation of our named executive officers (commonly referred to as the &quot;say-on-pay vote&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>4824.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>4824.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Precision BioSciences, Inc.</issuerName>
    <cusip>74019P207</cusip>
    <isin>US74019P2074</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approval, on an advisory (non-binding) basis, of the frequency of future say-on-pay votes.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>4824.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>4824.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>ProFrac Holding Corp.</issuerName>
    <cusip>74319N100</cusip>
    <isin>US74319N1000</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>To determine, in a non-binding advisory vote, to approve the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>571.000000</sharesVoted>
    <sharesOnLoan>571929.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>571.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Ribbon Communications Inc.</issuerName>
    <cusip>762544104</cusip>
    <isin>US7625441040</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>To approve, on a non-binding, advisory basis, the compensation of Ribbon Communication Inc.'s named executive officers as disclosed in the &quot;Compensation Discussion and Analysis&quot; section and the accompanying compensation tables and related narratives contained in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>178000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>178000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Royal Caribbean Cruises Ltd.</issuerName>
    <cusip>V7780T103</cusip>
    <isin>LR0008862868</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Advisory approval of the Company's compensation of its named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>8450.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>8450.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Sleep Number Corporation</issuerName>
    <cusip>83125X103</cusip>
    <isin>US83125X1037</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Advisory Vote to Approve Executive Compensation (Say on Pay)</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>0.000000</sharesVoted>
    <sharesOnLoan>34600.000000</sharesOnLoan>
  </proxyTable>
  <proxyTable>
    <issuerName>SoFi Technologies, Inc.</issuerName>
    <cusip>83406F102</cusip>
    <isin>US83406F1021</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>169000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>169000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Sportsman's Warehouse Holdings, Inc.</issuerName>
    <cusip>84920Y106</cusip>
    <isin>US84920Y1064</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>Approve, on an advisory basis, the compensation of the Company's named executive officers, as disclosed in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>65000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>65000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>TELA Bio, Inc.</issuerName>
    <cusip>872381108</cusip>
    <isin>US8723811084</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>57500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>57500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>TELA Bio, Inc.</issuerName>
    <cusip>872381108</cusip>
    <isin>US8723811084</isin>
    <meetingDate>05/28/2025</meetingDate>
    <voteDescription>To approve, on a non-binding, advisory basis, the preferred frequency of future advisory votes on the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>57500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>57500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Axon Enterprise, Inc.</issuerName>
    <cusip>05464C101</cusip>
    <isin>US05464C1018</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Proposal No. 2 requests that shareholders vote to approve, on an advisory basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>4550.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>4550.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>CoreCard Corporation</issuerName>
    <cusip>45816D100</cusip>
    <isin>US45816D1000</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approval, by a non-binding advisory vote, of the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>11037.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>11037.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>DocuSign, Inc.</issuerName>
    <cusip>256163106</cusip>
    <isin>US2561631068</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of our named executive officers' compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>29850.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>29850.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Douglas Emmett, Inc.</issuerName>
    <cusip>25960P109</cusip>
    <isin>US25960P1093</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>To approve, in a non-binding advisory vote, our executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>103494.000000</sharesVoted>
    <sharesOnLoan>12506.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>103494.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Duluth Holdings Inc.</issuerName>
    <cusip>26443V101</cusip>
    <isin>US26443V1017</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>To approve, by an advisory vote, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>167487.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>167487.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Editas Medicine, Inc.</issuerName>
    <cusip>28106W103</cusip>
    <isin>US28106W1036</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation paid to the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>20000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>20000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Editas Medicine, Inc.</issuerName>
    <cusip>28106W103</cusip>
    <isin>US28106W1036</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the frequency of future advisory votes on the compensation paid to the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>20000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>20000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>El Pollo Loco Holdings, Inc.</issuerName>
    <cusip>268603107</cusip>
    <isin>US2686031079</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approval, on an Advisory (Non-Binding) Basis, of the Compensation of our Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>158300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>158300.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Entravision Communications Corporation</issuerName>
    <cusip>29382R107</cusip>
    <isin>US29382R1077</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>To approve, on an advisory, non-binding basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>483600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>483600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>First Busey Corporation</issuerName>
    <cusip>319383204</cusip>
    <isin>US3193832041</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>To approve, in a non-binding, advisory vote, the compensation of our named executive officers, as described in the accompanying proxy statement, which is referred to as a &quot;say-on-pay&quot; proposal.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>283536.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>283536.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>FVCBankcorp, Inc.</issuerName>
    <cusip>36120Q101</cusip>
    <isin>US36120Q1013</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>To Approve the following (non-binding) resolution: Resolved, that the shareholders of FVCBankcorp, Inc., approve the compensation of the named executive officers as disclosed in the proxy statement pursuant to the rules of the Securities and Exchange Commission.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>95664.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>95664.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Hallador Energy Company</issuerName>
    <cusip>40609P105</cusip>
    <isin>US40609P1057</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve, on an Advisory Basis, the Named Executive Officers' Compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>222940.000000</sharesVoted>
    <sharesOnLoan>83160.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>222940.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>HealthStream, Inc.</issuerName>
    <cusip>42222N103</cusip>
    <isin>US42222N1037</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's named executive officers as described in the Company's proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>95563.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>95563.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>HomeStreet, Inc.</issuerName>
    <cusip>43785V102</cusip>
    <isin>US43785V1026</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>To approve, on an advisory (non-binding) basis, the executive compensation of HomeStreet's named executive officers for 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>17500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>17500.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Intrepid Potash, Inc.</issuerName>
    <cusip>46121Y201</cusip>
    <isin>US46121Y2019</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>46856.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>46856.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MRC Global Inc.</issuerName>
    <cusip>55345K103</cusip>
    <isin>US55345K1034</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approve a non-binding advisory resolution approving the Company's named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>309000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>309000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MRC Global Inc.</issuerName>
    <cusip>55345K103</cusip>
    <isin>US55345K1034</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Recommend, on an advisory basis, the frequency of an advisory vote on the Company's named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>309000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>309000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>NETGEAR, Inc.</issuerName>
    <cusip>64111Q104</cusip>
    <isin>US64111Q1040</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Proposal to approve, on a non-binding advisory basis, a resolution approving the compensation of our Named Executive Officers in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>293900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>293900.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Nu Skin Enterprises, Inc.</issuerName>
    <cusip>67018T105</cusip>
    <isin>US67018T1051</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Advisory approval of our executive compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>50000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>50000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Rapt Therapeutics, Inc.</issuerName>
    <cusip>75382E208</cusip>
    <isin>US75382E2081</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of RAPT Therapeutics, Inc.'s name executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>125000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>125000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Rapt Therapeutics, Inc.</issuerName>
    <cusip>75382E208</cusip>
    <isin>US75382E2081</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>To indicate, on an advisory basis, the preferred frequency of stockholder advisory votes on the compensation of RAPT Therapeutics, Inc.'s named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>125000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>125000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Shore Bancshares, Inc.</issuerName>
    <cusip>825107105</cusip>
    <isin>US8251071051</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Adopt a non-binding advisory resolution approving the compensation of the named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>70510.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>70510.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Talos Energy Inc.</issuerName>
    <cusip>87484T108</cusip>
    <isin>US87484T1088</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the Company's Named Executive Officers' compensation for the fiscal year ended December 31, 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>400262.000000</sharesVoted>
    <sharesOnLoan>58138.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>400262.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Talos Energy Inc.</issuerName>
    <cusip>87484T108</cusip>
    <isin>US87484T1088</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the frequency of future advisory votes on the Company's Named Executive Officers' compensation for every one year, every two years or every three years or stockholders may abstain from voting.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>400262.000000</sharesVoted>
    <sharesOnLoan>58138.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>400262.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Topgolf Callaway Brands Corp.</issuerName>
    <cusip>131193104</cusip>
    <isin>US1311931042</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's named executive officers</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>74867.000000</sharesVoted>
    <sharesOnLoan>425133.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>74867.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>TransAct Technologies Incorporated</issuerName>
    <cusip>892918103</cusip>
    <isin>US8929181035</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Approval, on a non-binding, advisory basis, of the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>33583.000000</sharesVoted>
    <sharesOnLoan>1262.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>33583.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>TransAct Technologies Incorporated</issuerName>
    <cusip>892918103</cusip>
    <isin>US8929181035</isin>
    <meetingDate>05/29/2025</meetingDate>
    <voteDescription>Non-binding, advisory vote on the frequency of future non-binding, advisory votes on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>33583.000000</sharesVoted>
    <sharesOnLoan>1262.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>33583.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Alta Equipment Group Inc.</issuerName>
    <cusip>02128L106</cusip>
    <isin>US02128L1061</isin>
    <meetingDate>05/30/2025</meetingDate>
    <voteDescription>To approve, in a non-binding advisory vote, the compensation paid to our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>4400.000000</sharesVoted>
    <sharesOnLoan>35000.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>4400.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Arista Networks, Inc.</issuerName>
    <cusip>040413205</cusip>
    <isin>US0404132054</isin>
    <meetingDate>05/30/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>14130.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>14130.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>ClearOne, Inc.</issuerName>
    <cusip>18506U203</cusip>
    <isin>US18506U2033</isin>
    <meetingDate>05/30/2025</meetingDate>
    <voteDescription>Approve the non-binding advisory vote of the frequency of the advisory vote on compensation of named executive officers</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>53600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>53600.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Clearside Biomedical, Inc.</issuerName>
    <cusip>185063104</cusip>
    <isin>US1850631045</isin>
    <meetingDate>05/30/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of the Company's named executive officers, as disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>255000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>255000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Cumulus Media, Inc.</issuerName>
    <cusip>231082801</cusip>
    <isin>US2310828015</isin>
    <meetingDate>05/30/2025</meetingDate>
    <voteDescription>Proposal to approve, on an advisory basis, the compensation paid to the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>68000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>68000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>American Assets Trust, Inc.</issuerName>
    <cusip>024013104</cusip>
    <isin>US0240131047</isin>
    <meetingDate>06/02/2025</meetingDate>
    <voteDescription>An advisory resolution to approve our executive compensation for the fiscal year ended December 31, 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>96100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>96100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Gannett Co., Inc.</issuerName>
    <cusip>36472T109</cusip>
    <isin>US36472T1097</isin>
    <meetingDate>06/02/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>797700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>797700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Harvard Bioscience, Inc.</issuerName>
    <cusip>416906105</cusip>
    <isin>US4169061052</isin>
    <meetingDate>06/02/2025</meetingDate>
    <voteDescription>Approval, by a non-binding advisory vote, of the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>89517.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>89517.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
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    <voteDescription>Approve, on an advisory basis, the compensation of Kodiak's named executive officers, as disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <vote>
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    <voteDescription>To approve a non-binding advisory resolution regarding the compensation of our Named Executive Officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <vote>
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        <sharesVoted>9700.000000</sharesVoted>
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    <isin>US00770C1018</isin>
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    <voteCategories>
      <voteCategory>
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    <sharesVoted>233144.000000</sharesVoted>
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        <sharesVoted>233144.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Arq, Inc.</issuerName>
    <cusip>00770C101</cusip>
    <isin>US00770C1018</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the frequency of holding an advisory vote on executive compensation;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <vote>
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        <sharesVoted>233144.000000</sharesVoted>
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    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>Advisory vote to approve 2024 executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <vote>
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        <sharesVoted>900.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <isin>US1244111092</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>TO APPROVE, ON AN ADVISORY (NON-BINDING) BASIS, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS AS DESCRIBED IN THE PROXY STATEMENT.</voteDescription>
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      <voteCategory>
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    <vote>
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        <sharesVoted>334600.000000</sharesVoted>
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    <cusip>157085101</cusip>
    <isin>US1570851014</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>The approval, on an advisory basis, of the compensation of the Company's named executive officers as disclosed in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>160000.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>160000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>164024101</cusip>
    <isin>US1640241014</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation of the Named Executive Officers of the Corporation (&quot;Say-On-Pay&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>51748.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>51748.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>946760105</cusip>
    <isin>US9467601053</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>A non-binding advisory resolution to approve the compensation of the Company's named executive officers, as described in the Company's proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>100.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Climb Global Solutions, Inc.</issuerName>
    <cusip>946760105</cusip>
    <isin>US9467601053</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>The approval of the frequency of future advisory votes on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>100.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>30212P303</cusip>
    <isin>US30212P3038</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of Expedia Group's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>10250.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>10250.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  </proxyTable>
  <proxyTable>
    <issuerName>Fennec Pharmaceuticals Inc.</issuerName>
    <cusip>31447P100</cusip>
    <isin>CA31447P1009</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>EXECUTIVE COMPENSATION To vote, on an advisory (non-binding) basis, on the compensation of the Corporation's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>11700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>11700.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>General Motors Company</issuerName>
    <cusip>37045V100</cusip>
    <isin>US37045V1008</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>Advisory Approval of Named Executive Officer Compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>98400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>98400.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  </proxyTable>
  <proxyTable>
    <issuerName>GoPro, Inc.</issuerName>
    <cusip>38268T103</cusip>
    <isin>US38268T1034</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>Approval of the non-binding, advisory resolution on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>24500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>24500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Hawthorn Bancshares, Inc.</issuerName>
    <cusip>420476103</cusip>
    <isin>US4204761039</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>Proposal to provide advisory approval of the compensation of the Company's executives disclosed in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>43714.000000</sharesVoted>
    <sharesOnLoan>700.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>43714.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
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  </proxyTable>
  <proxyTable>
    <issuerName>HF Foods Group Inc.</issuerName>
    <cusip>40417F109</cusip>
    <isin>US40417F1093</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of our executive officers as disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>13826.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>13826.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  </proxyTable>
  <proxyTable>
    <issuerName>Hooker Furnishings Corporation</issuerName>
    <cusip>439038100</cusip>
    <isin>US4390381006</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>Advisory vote to approve named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>79664.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>79664.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  </proxyTable>
  <proxyTable>
    <issuerName>Mannatech, Incorporated</issuerName>
    <cusip>563771203</cusip>
    <isin>US5637712036</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>To approve on an advisory basis executive compensation (&quot;Say-on-Pay&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>24545.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>24545.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  </proxyTable>
  <proxyTable>
    <issuerName>Mannatech, Incorporated</issuerName>
    <cusip>563771203</cusip>
    <isin>US5637712036</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>To approve on an advisory basis the frequency of future advisory votes on executive compensation (&quot;Say on Frequency&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>24545.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>24545.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  </proxyTable>
  <proxyTable>
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    <cusip>774515100</cusip>
    <isin>US7745151008</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>Approve, on an advisory non-binding basis, the compensation of our named executive officers;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>51500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>51500.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  </proxyTable>
  <proxyTable>
    <issuerName>scPharmaceuticals Inc.</issuerName>
    <cusip>810648105</cusip>
    <isin>US8106481059</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>To approve, on an advisory (non-binding) basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>6689.000000</sharesVoted>
    <sharesOnLoan>61211.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>6689.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>SEACOR Marine Holdings Inc.</issuerName>
    <cusip>78413P101</cusip>
    <isin>US78413P1012</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>Advisory vote to approve Named Executive Officer compensation (Say on Pay)</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>57290.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>57290.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>Servotronics, Inc.</issuerName>
    <cusip>817732100</cusip>
    <isin>US8177321002</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>Non-binding advisory vote on the compensation of our Named Executive Officers for 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>17553.000000</sharesVoted>
    <sharesOnLoan>600.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>17553.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  </proxyTable>
  <proxyTable>
    <issuerName>Servotronics, Inc.</issuerName>
    <cusip>817732100</cusip>
    <isin>US8177321002</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>Non-binding advisory vote regarding the frequency of stockholder advisory votes on the compensation of Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>17553.000000</sharesVoted>
    <sharesOnLoan>600.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>17553.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Smart Sand, Inc.</issuerName>
    <cusip>83191H107</cusip>
    <isin>US83191H1077</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>Approval, on an advisory (and non-binding) basis, of the compensation paid to the Company's named executive officers for the year ended December 31, 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>393618.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>393618.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Turtle Beach Corporation</issuerName>
    <cusip>900450206</cusip>
    <isin>US9004502061</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>An advisory vote on the compensation of our named executive officers (&quot;Say-on-Pay&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>29600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>29600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Turtle Beach Corporation</issuerName>
    <cusip>900450206</cusip>
    <isin>US9004502061</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>An advisory vote on the frequency with which our stockholders will be entitled to vote on Say-on-Pay.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>29600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>29600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  </proxyTable>
  <proxyTable>
    <issuerName>Voyager Therapeutics, Inc.</issuerName>
    <cusip>92915B106</cusip>
    <isin>US92915B1061</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>88781.000000</sharesVoted>
    <sharesOnLoan>23678.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>88781.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>W&amp;T Offshore, Inc.</issuerName>
    <cusip>92922P106</cusip>
    <isin>US92922P1066</isin>
    <meetingDate>06/03/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's named executive officers, as disclosed in the Proxy Statement pursuant to Item 402 of Regulation S-K.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>0.000000</sharesVoted>
    <sharesOnLoan>150000.000000</sharesOnLoan>
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  <proxyTable>
    <issuerName>Airbnb, Inc.</issuerName>
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    <isin>US0090661010</isin>
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    <voteDescription>Approval, on a non-binding advisory basis, of executive compensation.</voteDescription>
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    <voteDescription>Advisory Vote to Approve Named Executive Officer Compensation.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>Advisory Vote to Approve the Frequency of Future Advisory Votes to Approve Named Executive Officer Compensation.</voteDescription>
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      <voteCategory>
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    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>Advisory Approval of Executive Officer Compensation (Say on Pay).</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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  <proxyTable>
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    <cusip>14575E105</cusip>
    <isin>US14575E1055</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>Advisory Approval on the frequency of future advisory votes to approve Executive Officer Compensation (Say on Frequency).</voteDescription>
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      <voteCategory>
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    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <issuerName>CF Bankshares Inc.</issuerName>
    <cusip>12520L109</cusip>
    <isin>US12520L1098</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>Advisory vote on the frequency of future advisory votes on the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
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    <vote>
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        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>23800.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>163092109</cusip>
    <isin>US1630921096</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation of our named executive officers for the year ended December 31, 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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        <sharesVoted>96800.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>19249M102</cusip>
    <isin>US19249M1027</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>To approve, on a nonbinding advisory basis, the compensation of the named executive officers of the Company, as disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
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        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>Cohen &amp; Company Inc.</issuerName>
    <cusip>19249M102</cusip>
    <isin>US19249M1027</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>To vote, on a nonbinding advisory basis, on the frequency of the advisory vote to approve the compensation of the named executive officers of the Company.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>4500.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>4500.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>33751L105</cusip>
    <isin>US33751L1052</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>Advisory, non-binding vote to approve the compensation paid to the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>55482.000000</sharesVoted>
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    <vote>
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        <howVoted>FOR</howVoted>
        <sharesVoted>55482.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Generation Bio Co.</issuerName>
    <cusip>37148K209</cusip>
    <isin>US37148K2096</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>Approval, on an advisory (non-binding) basis, of the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>5200.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>5200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Katapult Holdings, Inc.</issuerName>
    <cusip>485859201</cusip>
    <isin>US4858592011</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>4916.000000</sharesVoted>
    <sharesOnLoan>400.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>4916.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>Katapult Holdings, Inc.</issuerName>
    <cusip>485859201</cusip>
    <isin>US4858592011</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the frequency of advisory votes on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>4916.000000</sharesVoted>
    <sharesOnLoan>400.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>4916.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>49721T507</cusip>
    <isin>US49721T5074</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation of our named executive officers as disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>2000.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>2000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>482738101</cusip>
    <isin>US4827381017</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>To approve, on an advisory (non-binding) basis, the compensation of our named executive officers in 2024; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>36200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>36200.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>loanDepot, Inc.</issuerName>
    <cusip>53946R106</cusip>
    <isin>US53946R1068</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>To approve, on a non-binding, advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>567310.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>567310.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
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    <cusip>22053A107</cusip>
    <isin>US22053A1079</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>14878.000000</sharesVoted>
    <sharesOnLoan>91539.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>14878.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>REX American Resources Corporation</issuerName>
    <cusip>761624105</cusip>
    <isin>US7616241052</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>ADVISORY VOTE to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>108500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>108500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Rimini Street, Inc.</issuerName>
    <cusip>76674Q107</cusip>
    <isin>US76674Q1076</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>Advisory vote to approve the Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>345500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>345500.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>RumbleOn, Inc.</issuerName>
    <cusip>781386305</cusip>
    <isin>US7813863054</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>To approve, by non-binding vote, named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>34840.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>34840.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>Silvercrest Asset Management Group Inc.</issuerName>
    <cusip>828359109</cusip>
    <isin>US8283591092</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>Approval of executive compensation in an advisory, non-binding vote.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesVoted>17702.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>17702.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>Silvercrest Asset Management Group Inc.</issuerName>
    <cusip>828359109</cusip>
    <isin>US8283591092</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>Selection of the frequency of future advisory votes on executive compensation in an advisory, non-binding vote.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>17702.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>17702.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Sphere Entertainment Co.</issuerName>
    <cusip>55826T102</cusip>
    <isin>US55826T1025</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>Approval of, on an advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>18666.000000</sharesVoted>
    <sharesOnLoan>151334.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>18666.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>Taboola.com Ltd.</issuerName>
    <cusip>M8744T106</cusip>
    <isin>IL0011754137</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>To approve an advisory proposal on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>850000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>850000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  </proxyTable>
  <proxyTable>
    <issuerName>The Beachbody Company, Inc.</issuerName>
    <cusip>073463309</cusip>
    <isin>US0734633094</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>Advisory approval of the Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>309.000000</sharesVoted>
    <sharesOnLoan>5800.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>309.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    </vote>
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  <proxyTable>
    <issuerName>Travelzoo</issuerName>
    <cusip>89421Q205</cusip>
    <isin>US89421Q2057</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>Vote, on an advisory basis, to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>42143.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>42143.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Upland Software, Inc.</issuerName>
    <cusip>91544A109</cusip>
    <isin>US91544A1097</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>195400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>195400.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
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  <proxyTable>
    <issuerName>Ventyx Biosciences, Inc.</issuerName>
    <cusip>92332V107</cusip>
    <isin>US92332V1070</isin>
    <meetingDate>06/04/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the named executive officers identified in the 2024 Summary Compensation Table in the &quot;Executive Compensation&quot; section of the proxy statement (the &quot;Say-on-Pay Vote&quot;).</voteDescription>
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    <voteDescription>To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers.</voteDescription>
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    <voteDescription>Approval, on a non-binding advisory basis, of our named executive officers' compensation.</voteDescription>
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    <voteDescription>Approval, on a non-binding advisory basis, of the compensation of the named executive officers as disclosed in the Proxy Statement.</voteDescription>
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    <voteDescription>To approve, on a non-binding basis, the compensation paid to our named executive officers.</voteDescription>
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    <voteDescription>To cast a non-binding advisory vote on the frequency of future advisory votes on executive compensation.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
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        <managementRecommendation>AGAINST</managementRecommendation>
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    <voteDescription>An advisory vote to approve, on a non-binding basis, the compensation of our named executive officers as set forth in the proxy statement.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <vote>
      <voteRecord>
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        <sharesVoted>29300.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>23918K108</cusip>
    <isin>US23918K1088</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of our named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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        <managementRecommendation>FOR</managementRecommendation>
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    <voteDescription>Approval, by non-binding advisory vote, of named executive officer compensation.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>A proposal to approve, on a non-binding advisory basis, the compensation of our named executive officers.</voteDescription>
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      <voteCategory>
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    <vote>
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    <cusip>35086T109</cusip>
    <isin>US35086T1097</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation of our named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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        <sharesVoted>160317.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>G36738105</cusip>
    <isin>KYG367381053</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Approve, by non-binding advisory vote, the compensation of our named executive officers in 2024.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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        <managementRecommendation>AGAINST</managementRecommendation>
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    <voteDescription>Advisory resolution to approve executive compensation of the Company's named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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        <managementRecommendation>AGAINST</managementRecommendation>
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    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>To consider an advisory vote on executive compensation of our named executive officers;</voteDescription>
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      <voteCategory>
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    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Approve, in a non-binding advisory vote, the compensation paid to Navient-named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Approval, on an advisory (non-binding) basis, of the compensation of the Company's named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <vote>
      <voteRecord>
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        <sharesVoted>25400.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <voteDescription>To approve a non-binding advisory vote on the compensation of our named executive officers as described in the Proxy Statement.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>1100.000000</sharesVoted>
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        <sharesVoted>1100.000000</sharesVoted>
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    <voteDescription>Advisory Vote to Approve Named Executive Officer Compensation.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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        <managementRecommendation>FOR</managementRecommendation>
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    <voteDescription>Approval, on a non-binding advisory basis, of the compensation of our named executive officers.</voteDescription>
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      <voteCategory>
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    <vote>
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        <sharesVoted>148800.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <isin>US74158E1047</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>An advisory (non-binding) vote to approve our executive compensation as described in the proxy statement.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>4341.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>An advisory (non-binding) vote on the frequency of future votes on executive compensation.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <vote>
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        <sharesVoted>4341.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>79466L302</cusip>
    <isin>US79466L3024</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the fiscal 2025 compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>8380.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>8380.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
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  <proxyTable>
    <issuerName>Sinclair, Inc.</issuerName>
    <cusip>829242106</cusip>
    <isin>US8292421067</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Approval, by non-binding advisory vote, on our executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>284746.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>284746.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    </vote>
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  <proxyTable>
    <issuerName>Tango Therapeutics, Inc.</issuerName>
    <cusip>87583X109</cusip>
    <isin>US87583X1090</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>To approve, on a non-binding, advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>125000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>125000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Tango Therapeutics, Inc.</issuerName>
    <cusip>87583X109</cusip>
    <isin>US87583X1090</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Non-binding, advisory vote on the frequency of future non-binding, advisory votes on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>125000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>125000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
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  <proxyTable>
    <issuerName>VAALCO Energy, Inc.</issuerName>
    <cusip>91851C201</cusip>
    <isin>US91851C2017</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>645857.000000</sharesVoted>
    <sharesOnLoan>54343.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>645857.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Vanda Pharmaceuticals Inc.</issuerName>
    <cusip>921659108</cusip>
    <isin>US9216591084</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the Company's named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>125700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>125700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
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  <proxyTable>
    <issuerName>Vera Bradley, Inc.</issuerName>
    <cusip>92335C106</cusip>
    <isin>US92335C1062</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>107600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>107600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Verrica Pharmaceuticals Inc.</issuerName>
    <cusip>92511W207</cusip>
    <isin>US92511W2070</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of the Company's named executive officers as disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>50000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>50000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Viemed Healthcare, Inc.</issuerName>
    <cusip>92663R105</cusip>
    <isin>CA92663R1055</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>To consider and, if thought appropriate, to pass an ordinary resolution (the text of which is disclosed in Section 10(v) of the Management Information and Proxy Circular) to ratify, confirm, and approve, in a non-binding advisory vote, the Say-on-Pay Resolution, as more particularly described in the Management Information and Proxy Circular.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>26500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>26500.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Viemed Healthcare, Inc.</issuerName>
    <cusip>92663R105</cusip>
    <isin>CA92663R1055</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>To approve, in a non-binding advisory vote, the frequency of holding future advisory votes on the compensation of the Corporation's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>26500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>26500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Vince Holding Corp.</issuerName>
    <cusip>92719W207</cusip>
    <isin>US92719W2070</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>To approve, by non-binding vote, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>41263.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>41263.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Vince Holding Corp.</issuerName>
    <cusip>92719W207</cusip>
    <isin>US92719W2070</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>To approve, by non-binding vote, the frequency of future votes on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>41263.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>41263.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Visteon Corporation</issuerName>
    <cusip>92839U206</cusip>
    <isin>US92839U2069</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Provide advisory approval of the Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>23500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>23500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>World Kinect Corporation</issuerName>
    <cusip>981475106</cusip>
    <isin>US9814751064</isin>
    <meetingDate>06/05/2025</meetingDate>
    <voteDescription>Approval, on a non-binding, advisory basis, of the Company's executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>255600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>255600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Encore Capital Group, Inc.</issuerName>
    <cusip>292554102</cusip>
    <isin>US2925541029</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>Non-binding advisory vote to approve the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>41901.000000</sharesVoted>
    <sharesOnLoan>25599.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>41901.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MicroVision, Inc.</issuerName>
    <cusip>594960304</cusip>
    <isin>US5949603048</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>To approve on a non-binding advisory basis the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1100.000000</sharesVoted>
    <sharesOnLoan>100000.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>1100.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>NCR Voyix Corporation</issuerName>
    <cusip>62886E108</cusip>
    <isin>US62886E1082</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>To approve, on a non-binding and advisory basis, the compensation of the named executive officers as more particularly described in the proxy materials</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>3544.000000</sharesVoted>
    <sharesOnLoan>471456.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>3544.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Skye Bioscience, Inc.</issuerName>
    <cusip>83086J200</cusip>
    <isin>US83086J2006</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>Consider and vote upon, on an advisory basis, the compensation of our named executive officers as disclosed in this proxy statement pursuant to the compensation disclosure rules of the Securities and Exchange Commission.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>48.000000</sharesVoted>
    <sharesOnLoan>41952.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>48.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Skye Bioscience, Inc.</issuerName>
    <cusip>83086J200</cusip>
    <isin>US83086J2006</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>Consider and vote upon, on an advisory basis, whether the stockholder vote to approve the compensation of the named executive officers as required by Section 14A(a)(2) of the Securities Exchange Act of 1934, as amended, should occur every one, two or three years.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>48.000000</sharesVoted>
    <sharesOnLoan>41952.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>48.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Sutro Biopharma, Inc.</issuerName>
    <cusip>869367102</cusip>
    <isin>US8693671021</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>To approve, on a non-binding, advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>12900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>12900.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Tectonic Therapeutic, Inc.</issuerName>
    <cusip>878972108</cusip>
    <isin>US8789721086</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>Advisory approval of the compensation of the Company's Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>14668.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>14668.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Tectonic Therapeutic, Inc.</issuerName>
    <cusip>878972108</cusip>
    <isin>US8789721086</isin>
    <meetingDate>06/06/2025</meetingDate>
    <voteDescription>Advisory vote on the frequency of stockholder advisory votes on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>14668.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>14668.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Cabaletta Bio, Inc.</issuerName>
    <cusip>12674W109</cusip>
    <isin>US12674W1099</isin>
    <meetingDate>06/09/2025</meetingDate>
    <voteDescription>To approve, on a non-binding, advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>18862.000000</sharesVoted>
    <sharesOnLoan>26813.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>18862.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Cabaletta Bio, Inc.</issuerName>
    <cusip>12674W109</cusip>
    <isin>US12674W1099</isin>
    <meetingDate>06/09/2025</meetingDate>
    <voteDescription>Non-binding, advisory vote on the frequency of future non-binding, advisory votes on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>18862.000000</sharesVoted>
    <sharesOnLoan>26813.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>18862.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Hydrofarm Holdings Group, Inc.</issuerName>
    <cusip>44888K407</cusip>
    <isin>US44888K4076</isin>
    <meetingDate>06/09/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>7970.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>7970.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Vimeo, Inc.</issuerName>
    <cusip>92719V100</cusip>
    <isin>US92719V1008</isin>
    <meetingDate>06/09/2025</meetingDate>
    <voteDescription>Approve a non-binding advisory resolution to approve the compensation of the Company's named executive officers (say on pay).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>548000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>548000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Alpha Pro Tech, Ltd.</issuerName>
    <cusip>020772109</cusip>
    <isin>US0207721095</isin>
    <meetingDate>06/10/2025</meetingDate>
    <voteDescription>The advisory approval of the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>77025.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>77025.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Alpha Pro Tech, Ltd.</issuerName>
    <cusip>020772109</cusip>
    <isin>US0207721095</isin>
    <meetingDate>06/10/2025</meetingDate>
    <voteDescription>The advisory vote on the frequency of future executive compensation advisory votes.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>77025.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>77025.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Atara Biotherapeutics, Inc.</issuerName>
    <cusip>046513206</cusip>
    <isin>US0465132068</isin>
    <meetingDate>06/10/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's named executive officers, as disclosed in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
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    <voteDescription>To approve, on an advisory basis, the frequency of future advisory votes on the compensation of the Company's named executive officers.</voteDescription>
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      <voteCategory>
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    <voteDescription>Approval of the compensation of the Company's named executive officers as described in the proxy statement.</voteDescription>
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    <voteDescription>To approve, on a non-binding, advisory basis, the compensation of our named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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        <sharesVoted>94608.000000</sharesVoted>
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    <meetingDate>06/10/2025</meetingDate>
    <voteDescription>To conduct a non-binding, advisory vote to approve the compensation of the Company's named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <vote>
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    <voteDescription>To approve by an advisory vote the compensation of our named executive officers, as disclosed in the proxy statement; and</voteDescription>
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    <vote>
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    <isin>US30068X1037</isin>
    <meetingDate>06/10/2025</meetingDate>
    <voteDescription>To approve by an advisory vote the frequency of holding an advisory vote on compensation of our named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <vote>
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        <sharesVoted>25200.000000</sharesVoted>
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    <cusip>401617105</cusip>
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    <meetingDate>06/10/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's named executive officers.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <vote>
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        <sharesVoted>24671.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>42727J102</cusip>
    <isin>US42727J1025</isin>
    <meetingDate>06/10/2025</meetingDate>
    <voteDescription>Approve, on an advisory basis, the compensation of the Company's named executive officers</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>167464.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>167464.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>Y41053102</cusip>
    <isin>MHY410531021</isin>
    <meetingDate>06/10/2025</meetingDate>
    <voteDescription>Approval by an advisory vote of the compensation paid to the Named Executive Officers of the Company for 2024 as described in the Company's Proxy Statement.</voteDescription>
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      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>50050.000000</sharesVoted>
    <sharesOnLoan>129950.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>50050.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>46333X108</cusip>
    <isin>US46333X1081</isin>
    <meetingDate>06/10/2025</meetingDate>
    <voteDescription>Approval, by non-binding advisory vote, of the compensation paid to the named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>106000.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>106000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Kaiser Aluminum Corporation</issuerName>
    <cusip>483007704</cusip>
    <isin>US4830077040</isin>
    <meetingDate>06/10/2025</meetingDate>
    <voteDescription>ADVISORY VOTE TO APPROVE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS AS DISCLOSED IN THE PROXY STATEMENT</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>51434.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>51434.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>M-tron Industries, Inc.</issuerName>
    <cusip>55380K109</cusip>
    <isin>US55380K1097</isin>
    <meetingDate>06/10/2025</meetingDate>
    <voteDescription>To approve a non-binding advisory resolution regarding the compensation of our Named Executive Officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>6334.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>6334.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <cusip>679369108</cusip>
    <isin>US6793691089</isin>
    <meetingDate>06/10/2025</meetingDate>
    <voteDescription>Approval, by a non-binding advisory vote, of the compensation of the Company's named executive officers during the fiscal year ended December 31, 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>1329000.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>1329000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Olema Pharmaceuticals, Inc.</issuerName>
    <cusip>68062P106</cusip>
    <isin>US68062P1066</isin>
    <meetingDate>06/10/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>25000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>25000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Pacira Biosciences, Inc.</issuerName>
    <cusip>695127100</cusip>
    <isin>US6951271005</isin>
    <meetingDate>06/10/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>10000.000000</sharesVoted>
    <sharesOnLoan>184300.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>10000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>Pacira Biosciences, Inc.</issuerName>
    <cusip>695127100</cusip>
    <isin>US6951271005</isin>
    <meetingDate>06/10/2025</meetingDate>
    <voteDescription>Advisory vote to approve the frequency of future advisory votes to approve the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>10000.000000</sharesVoted>
    <sharesOnLoan>184300.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>10000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Purple Innovation, Inc.</issuerName>
    <cusip>74640Y106</cusip>
    <isin>US74640Y1064</isin>
    <meetingDate>06/10/2025</meetingDate>
    <voteDescription>Approve, on an advisory basis, the compensation of the Company's Named Executive Officers as set forth in our Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>65000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>65000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Red Violet, Inc.</issuerName>
    <cusip>75704L104</cusip>
    <isin>US75704L1044</isin>
    <meetingDate>06/10/2025</meetingDate>
    <voteDescription>To hold a non-binding advisory vote to approve our named executive officers' compensation; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>6700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>6700.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Synchronoss Technologies, Inc.</issuerName>
    <cusip>87157B400</cusip>
    <isin>US87157B4005</isin>
    <meetingDate>06/10/2025</meetingDate>
    <voteDescription>To approve on a non-binding advisory basis the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>2000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>2000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>The Lovesac Company</issuerName>
    <cusip>54738L109</cusip>
    <isin>US54738L1098</isin>
    <meetingDate>06/10/2025</meetingDate>
    <voteDescription>To provide advisory approval of the Company's fiscal 2025 compensation for its named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>65500.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>65500.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>Twilio Inc.</issuerName>
    <cusip>90138F102</cusip>
    <isin>US90138F1021</isin>
    <meetingDate>06/10/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesVoted>14800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>14800.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>USIO, Inc.</issuerName>
    <cusip>917313108</cusip>
    <isin>US9173131080</isin>
    <meetingDate>06/10/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation paid to our Named Executive Officers for the year ended December 31, 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>101000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>101000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Abercrombie &amp; Fitch Co.</issuerName>
    <cusip>002896207</cusip>
    <isin>US0028962076</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of the Company's named executive officers for the fiscal year ended February 1, 2025.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>23600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>23600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Adicet Bio, Inc.</issuerName>
    <cusip>007002108</cusip>
    <isin>US0070021086</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>To ratify, on a non-binding advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>901600.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>901600.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Airgain, Inc.</issuerName>
    <cusip>00938A104</cusip>
    <isin>US00938A1043</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>To consider and vote upon, on an advisory basis, the compensation of our named executive officers as disclosed in this proxy statement pursuant to the compensation disclosure rules of the Securities and Exchange Commission.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>8338.000000</sharesVoted>
    <sharesOnLoan>3062.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>8338.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Alector, Inc.</issuerName>
    <cusip>014442107</cusip>
    <isin>US0144421072</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>Advisory vote on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>65000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>65000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>American Airlines Group Inc.</issuerName>
    <cusip>02376R102</cusip>
    <isin>US02376R1023</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>A proposal to approve, on a non-binding, advisory basis, executive compensation as disclosed in the Proxy Statement for the 2025 Annual Meeting:</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>130435.000000</sharesVoted>
    <sharesOnLoan>45665.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>130435.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>American Well Corporation</issuerName>
    <cusip>03044L204</cusip>
    <isin>US03044L2043</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation paid to the Company's named executive officers as disclosed in the compensation discussion and analysis and the related compensation tables and narrative disclosure in the Company's proxy statement</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>96741.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>96741.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Aquestive Therapeutics, Inc.</issuerName>
    <cusip>03843E104</cusip>
    <isin>US03843E1047</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>7700.000000</sharesVoted>
    <sharesOnLoan>160000.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>7700.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>04635X102</cusip>
    <isin>US04635X1028</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>The approval, by non-binding advisory vote, of our executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>1800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>1800.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Aware, Inc.</issuerName>
    <cusip>05453N100</cusip>
    <isin>US05453N1000</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>To conduct an advisory vote to approve the compensation of our named executive officers;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>63400.000000</sharesVoted>
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    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>63400.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Caterpillar, Inc.</issuerName>
    <cusip>149123101</cusip>
    <isin>US1491231015</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>Advisory Vote to Approve Executive Compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>4780.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>4780.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Coherus BioSciences, Inc.</issuerName>
    <cusip>19249H103</cusip>
    <isin>US19249H1032</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>To vote on a non-binding, advisory basis to approve the compensation of the Company's named executive officers (a &quot;Say-on-Pay&quot; vote).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>91117.000000</sharesVoted>
    <sharesOnLoan>51883.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>91117.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>Consensus Cloud Solutions, Inc.</issuerName>
    <cusip>20848V105</cusip>
    <isin>US20848V1052</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>145723.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>145723.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>CytomX Therapeutics, Inc.</issuerName>
    <cusip>23284F105</cusip>
    <isin>US23284F1057</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>To approve, on a nonbinding advisory basis, the compensation of the Company's named executive officers as disclosed in the Proxy Statement accompanying this Notice of Annual Meeting of Stockholders; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>126000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>126000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>Dick's Sporting Goods, Inc.</issuerName>
    <cusip>253393102</cusip>
    <isin>US2533931026</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>Non-binding advisory vote to approve compensation of named executive officers, as disclosed in the Company's 2025 proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>7180.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>7180.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>Hudson Technologies, Inc.</issuerName>
    <cusip>444144109</cusip>
    <isin>US4441441098</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>To approve, by non-binding advisory vote, named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>252242.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>252242.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Hudson Technologies, Inc.</issuerName>
    <cusip>444144109</cusip>
    <isin>US4441441098</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>To approve, by non-binding vote, the frequency of future advisory votes on the resolution approving named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>252242.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>252242.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
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  <proxyTable>
    <issuerName>Innovative Industrial Properties, Inc.</issuerName>
    <cusip>45781V101</cusip>
    <isin>US45781V1017</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>Approval on a non-binding advisory basis of the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>35000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>35000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
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  <proxyTable>
    <issuerName>LendingTree, Inc.</issuerName>
    <cusip>52603B107</cusip>
    <isin>US52603B1070</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>Advisory vote to approve LendingTree, Inc.'s executive compensation (say-on-pay).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>5000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>5000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
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  <proxyTable>
    <issuerName>Limbach Holdings, Inc.</issuerName>
    <cusip>53263P105</cusip>
    <isin>US53263P1057</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>To hold a non-binding advisory vote on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>3000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>3000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Mammoth Energy Services, Inc.</issuerName>
    <cusip>56155L108</cusip>
    <isin>US56155L1089</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the Company's executive compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>176000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>176000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Mammoth Energy Services, Inc.</issuerName>
    <cusip>56155L108</cusip>
    <isin>US56155L1089</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the frequency of holding an advisory vote on the compensation paid to the Company's named executive officers</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>176000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>176000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>OptimizeRx Corporation</issuerName>
    <cusip>68401U204</cusip>
    <isin>US68401U2042</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>Advisory (non-binding) approval of the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>12129.000000</sharesVoted>
    <sharesOnLoan>86900.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>12129.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Protara Therapeutics, Inc.</issuerName>
    <cusip>74365U107</cusip>
    <isin>US74365U1079</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of Protara Therapeutics, Inc.'s named executive officers, as disclosed in the proxy statement</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>27657.000000</sharesVoted>
    <sharesOnLoan>12343.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>27657.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Puma Biotechnology, Inc.</issuerName>
    <cusip>74587V107</cusip>
    <isin>US74587V1070</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>Advisory (non-binding) vote to approve the compensation of Puma Biotechnology, Inc.'s named executive officers as described in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>149100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>149100.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>SandRidge Energy, Inc.</issuerName>
    <cusip>80007P869</cusip>
    <isin>US80007P8692</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>Approve, in a non-binding vote, the compensation paid to the Company's named executive officers during 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>100550.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>100550.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Sun Country Airlines Holdings, Inc.</issuerName>
    <cusip>866683105</cusip>
    <isin>US8666831057</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>To vote, on a non-binding, advisory basis, to approve the compensation of the Company's Named Executive Officers;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>417800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>417800.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>The RealReal, Inc.</issuerName>
    <cusip>88339P101</cusip>
    <isin>US88339P1012</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>152100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>152100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Tilly's, Inc.</issuerName>
    <cusip>886885102</cusip>
    <isin>US8868851028</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>Non-binding, advisory vote to approve the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>43388.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>43388.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Titan International, Inc.</issuerName>
    <cusip>88830M102</cusip>
    <isin>US88830M1027</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>To approve, in a non-binding advisory vote, the 2024 compensation paid to the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1597.000000</sharesVoted>
    <sharesOnLoan>137603.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>1597.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    </vote>
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  <proxyTable>
    <issuerName>Trevi Therapeutics, Inc.</issuerName>
    <cusip>89532M101</cusip>
    <isin>US89532M1018</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation paid to our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>44981.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>44981.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Trevi Therapeutics, Inc.</issuerName>
    <cusip>89532M101</cusip>
    <isin>US89532M1018</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the frequency of future advisory votes to approve the compensation paid to our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>44981.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>44981.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Whitehawk Therapeutics, Inc.</issuerName>
    <cusip>00032Q104</cusip>
    <isin>US00032Q1040</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the named executive officers identified in the 2024 Summary Compensation Table in the &quot;Executive Compensation&quot; section of the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>272637.000000</sharesVoted>
    <sharesOnLoan>42647.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>272637.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Williams-Sonoma, Inc.</issuerName>
    <cusip>969904101</cusip>
    <isin>US9699041011</isin>
    <meetingDate>06/11/2025</meetingDate>
    <voteDescription>An advisory vote to approve executive compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>13030.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>13030.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Armata Pharmaceuticals, Inc.</issuerName>
    <cusip>04216R102</cusip>
    <isin>US04216R1023</isin>
    <meetingDate>06/12/2025</meetingDate>
    <voteDescription>To approve, on an advisory, non-binding basis, the compensation of our named executive officers</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>44682.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>44682.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Battalion Oil Corporation</issuerName>
    <cusip>07134L107</cusip>
    <isin>US07134L1070</isin>
    <meetingDate>06/12/2025</meetingDate>
    <voteDescription>To approve, in a non-binding advisory vote, executive compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>1100.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Battalion Oil Corporation</issuerName>
    <cusip>07134L107</cusip>
    <isin>US07134L1070</isin>
    <meetingDate>06/12/2025</meetingDate>
    <voteDescription>To determine, in a non-binding advisory vote, whether a stockholder vote to approve the compensation of the Company's named executive officers should occur every one, two or three years.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <voteDescription>Approve, on an advisory basis, the compensation of our named executive officers.</voteDescription>
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    <voteDescription>Approve, on an advisory basis, Named Executive Officer compensation</voteDescription>
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    <voteDescription>Approval, on an advisory and non-binding basis, of the compensation of the named executive officers.</voteDescription>
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    <voteDescription>To approve by an advisory vote the compensation of the Company's named executive officers, as disclosed in the proxy statement.</voteDescription>
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    <voteDescription>Approve, on a non-binding, advisory basis, the compensation paid to the Company's named executive officers.</voteDescription>
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    <voteDescription>Advisory vote to approve the compensation of the Company's named executive officers as disclosed in the 2025 Proxy Statement.</voteDescription>
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    <voteDescription>To approve, on a non-binding advisory basis, the compensation paid to our named executive officers.</voteDescription>
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    <voteDescription>To approve, on a non-binding advisory basis, the compensation of our named executive officers.</voteDescription>
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    <voteDescription>Approval of an advisory (non-binding) resolution regarding the compensation of our named executive officers, or the Say-on-Pay Proposal.</voteDescription>
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        <managementRecommendation>AGAINST</managementRecommendation>
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    <voteDescription>Approval, on an advisory basis, of the compensation of our named executive officers.</voteDescription>
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    <voteDescription>Advisory vote to approve named executive officer compensation, as disclosed in the Proxy Statement.</voteDescription>
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    <voteDescription>An advisory (non-binding) vote to approve compensation of our named executive officers.</voteDescription>
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    <voteDescription>To approve, on an advisory (non-binding) basis, the compensation of our named executive officers (Say-on-Pay Vote).</voteDescription>
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    <voteDescription>Advisory Vote on Compensation of Certain Executives</voteDescription>
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    <voteDescription>Hold an advisory vote to approve executive compensation.</voteDescription>
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    <voteDescription>to approve, on a non-binding basis, the compensation paid to our named executive officers;</voteDescription>
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    <sharesVoted>66400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>66400.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>ATN International, Inc.</issuerName>
    <cusip>00215F107</cusip>
    <isin>US00215F1075</isin>
    <meetingDate>06/17/2025</meetingDate>
    <voteDescription>To hold an advisory vote (known as a &quot;Say on Pay&quot; vote) to approve the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>50600.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>50600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Bakkt Holdings, Inc.</issuerName>
    <cusip>05759B305</cusip>
    <isin>US05759B3050</isin>
    <meetingDate>06/17/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, of the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>3196.000000</sharesVoted>
    <sharesOnLoan>8704.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>3196.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Bakkt Holdings, Inc.</issuerName>
    <cusip>05759B305</cusip>
    <isin>US05759B3050</isin>
    <meetingDate>06/17/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, of the frequency of future stockholder advisory votes on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>3196.000000</sharesVoted>
    <sharesOnLoan>8704.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>3196.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Baycom Corp</issuerName>
    <cusip>07272M107</cusip>
    <isin>US07272M1071</isin>
    <meetingDate>06/17/2025</meetingDate>
    <voteDescription>An advisory (non-binding) vote on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>56113.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>56113.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Citizens Community Bancorp, Inc.</issuerName>
    <cusip>174903104</cusip>
    <isin>US1749031043</isin>
    <meetingDate>06/17/2025</meetingDate>
    <voteDescription>To approve a non-binding advisory proposal on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>115800.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>115800.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Citizens, Inc.</issuerName>
    <cusip>174740100</cusip>
    <isin>US1747401008</isin>
    <meetingDate>06/17/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation of the company's Named Executive Officers as disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>6983.000000</sharesVoted>
    <sharesOnLoan>248948.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>6983.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>comScore, Inc.</issuerName>
    <cusip>20564W204</cusip>
    <isin>US20564W2044</isin>
    <meetingDate>06/17/2025</meetingDate>
    <voteDescription>The approval, on a non-binding advisory basis, of the compensation paid to the company's named executive officers</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>27825.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>27825.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>DocGo Inc.</issuerName>
    <cusip>256086109</cusip>
    <isin>US2560861096</isin>
    <meetingDate>06/17/2025</meetingDate>
    <voteDescription>To approve on a non-binding, advisory basis the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>95801.000000</sharesVoted>
    <sharesOnLoan>204199.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>95801.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Kezar Life Sciences, Inc.</issuerName>
    <cusip>49372L209</cusip>
    <isin>US49372L2097</isin>
    <meetingDate>06/17/2025</meetingDate>
    <voteDescription>Advisory vote on the compensation paid to our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>41000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>41000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MediciNova, Inc.</issuerName>
    <cusip>58468P206</cusip>
    <isin>US58468P2065</isin>
    <meetingDate>06/17/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's named executive officers, as disclosed in this proxy.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>101031.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>101031.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>MediciNova, Inc.</issuerName>
    <cusip>58468P206</cusip>
    <isin>US58468P2065</isin>
    <meetingDate>06/17/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the preferred frequency of stockholder advisory votes on the compensation of the Company's named executive officers of one, two, or three years.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>101031.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>101031.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>ModivCare Inc.</issuerName>
    <cusip>60783X104</cusip>
    <isin>US60783X1046</isin>
    <meetingDate>06/17/2025</meetingDate>
    <voteDescription>A non-binding advisory vote to approve named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>12390.000000</sharesVoted>
    <sharesOnLoan>14810.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>12390.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Oak Valley Bancorp</issuerName>
    <cusip>671807105</cusip>
    <isin>US6718071052</isin>
    <meetingDate>06/17/2025</meetingDate>
    <voteDescription>A non-binding advisory resolution to approve the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>66499.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>66499.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Oak Valley Bancorp</issuerName>
    <cusip>671807105</cusip>
    <isin>US6718071052</isin>
    <meetingDate>06/17/2025</meetingDate>
    <voteDescription>A non-binding advisory vote on the frequency of the advisory vote on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>66499.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>66499.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Synchrony Financial</issuerName>
    <cusip>87165B103</cusip>
    <isin>US87165B1035</isin>
    <meetingDate>06/17/2025</meetingDate>
    <voteDescription>Advisory Vote to Approve Named Executive Officer Compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>56200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>56200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Zentalis Pharmaceuticals, Inc.</issuerName>
    <cusip>98943L107</cusip>
    <isin>US98943L1070</isin>
    <meetingDate>06/17/2025</meetingDate>
    <voteDescription>To approve, on an advisory (non-binding) basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>152300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>152300.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>AdaptHealth Corp.</issuerName>
    <cusip>00653Q102</cusip>
    <isin>US00653Q1022</isin>
    <meetingDate>06/18/2025</meetingDate>
    <voteDescription>Say-on-Pay - Non-binding advisory vote to approve the compensation paid to AdaptHealth's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>573400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>573400.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>AdvanSix Inc.</issuerName>
    <cusip>00773T101</cusip>
    <isin>US00773T1016</isin>
    <meetingDate>06/18/2025</meetingDate>
    <voteDescription>An advisory vote to approve executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>100700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>100700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>BK Technologies Corporation</issuerName>
    <cusip>05587G203</cusip>
    <isin>US05587G2030</isin>
    <meetingDate>06/18/2025</meetingDate>
    <voteDescription>To approve, on an advisory, non-binding basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>5644.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>5644.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>C4 Therapeutics, Inc.</issuerName>
    <cusip>12529R107</cusip>
    <isin>US12529R1077</isin>
    <meetingDate>06/18/2025</meetingDate>
    <voteDescription>To cast a non-binding, advisory vote to approve the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>49847.000000</sharesVoted>
    <sharesOnLoan>55053.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>49847.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Designer Brands Inc.</issuerName>
    <cusip>250565108</cusip>
    <isin>US2505651081</isin>
    <meetingDate>06/18/2025</meetingDate>
    <voteDescription>Advisory vote on the compensation paid to our named executive officers in the fiscal year ended February 1, 2025.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>29000.000000</sharesVoted>
    <sharesOnLoan>115500.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>29000.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>eHealth, Inc.</issuerName>
    <cusip>28238P109</cusip>
    <isin>US28238P1093</isin>
    <meetingDate>06/18/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of the Named Executive Officers of eHealth, Inc.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>56700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>56700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>inTEST Corporation</issuerName>
    <cusip>461147100</cusip>
    <isin>US4611471008</isin>
    <meetingDate>06/18/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of our named executive officers;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>18200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>18200.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>inTEST Corporation</issuerName>
    <cusip>461147100</cusip>
    <isin>US4611471008</isin>
    <meetingDate>06/18/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the frequency of future advisory votes on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>18200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>18200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Lifetime Brands, Inc.</issuerName>
    <cusip>53222Q103</cusip>
    <isin>US53222Q1031</isin>
    <meetingDate>06/18/2025</meetingDate>
    <voteDescription>TO APPROVE, ON A NON-BINDING ADVISORY BASIS, THE 2024 COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>139866.000000</sharesVoted>
    <sharesOnLoan>8800.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>139866.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Manhattan Bridge Capital, Inc.</issuerName>
    <cusip>562803106</cusip>
    <isin>US5628031065</isin>
    <meetingDate>06/18/2025</meetingDate>
    <voteDescription>To consider and approve, by a nonbinding advisory vote, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>15216.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>15216.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Manhattan Bridge Capital, Inc.</issuerName>
    <cusip>562803106</cusip>
    <isin>US5628031065</isin>
    <meetingDate>06/18/2025</meetingDate>
    <voteDescription>To recommend, by a nonbinding advisory vote, the frequency of holding an advisory vote on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>15216.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>15216.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Match Group, Inc.</issuerName>
    <cusip>57667L107</cusip>
    <isin>US57667L1070</isin>
    <meetingDate>06/18/2025</meetingDate>
    <voteDescription>To approve a non-binding advisory resolution on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>7300.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>7300.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Medifast, Inc.</issuerName>
    <cusip>58470H101</cusip>
    <isin>US58470H1014</isin>
    <meetingDate>06/18/2025</meetingDate>
    <voteDescription>Approve, on an advisory basis, the compensation of the Company's named executive officers</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>21900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>21900.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Movado Group, Inc.</issuerName>
    <cusip>624580106</cusip>
    <isin>US6245801062</isin>
    <meetingDate>06/18/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of the Company's named executive officers, as described in the Proxy Statement under &quot;Executive Compensation&quot;.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>144053.000000</sharesVoted>
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    <vote>
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        <sharesVoted>144053.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>878155308</cusip>
    <isin>US8781553081</isin>
    <meetingDate>06/18/2025</meetingDate>
    <voteDescription>Advisory vote on Named Executive Officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>6000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>6000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Vertiv Holdings Co.</issuerName>
    <cusip>92537N108</cusip>
    <isin>US92537N1081</isin>
    <meetingDate>06/18/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the 2024 compensation of our named executive officers as disclosed in the Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>250.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>250.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>VolitionRX Limited</issuerName>
    <cusip>928661107</cusip>
    <isin>US9286611077</isin>
    <meetingDate>06/18/2025</meetingDate>
    <voteDescription>To approve, by a non-binding advisory vote, the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesVoted>2200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>2200.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>McEwen Mining Inc.</issuerName>
    <cusip>58039P305</cusip>
    <isin>US58039P3055</isin>
    <meetingDate>06/19/2025</meetingDate>
    <voteDescription>To approve on an advisory (non-binding) basis the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesVoted>0.000000</sharesVoted>
    <sharesOnLoan>170000.000000</sharesOnLoan>
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    <issuerName>Solitario Resources Corp.</issuerName>
    <cusip>8342EP107</cusip>
    <isin>US8342EP1070</isin>
    <meetingDate>06/19/2025</meetingDate>
    <voteDescription>Advisory Vote on Executive Compensation RESOLVED THAT: Solitario shareholders approve the compensation of Solitario's Named Executive Officers, as disclosed in this Proxy Statement, pursuant to the compensation disclosure rules of the Securities and Exchange Commission set forth in Item 402 of Regulation S-K, including, but not limited to, the &quot;Executive Compensation&quot; section, the compensation tables, and any related material disclosed in the Proxy Statement for the 2025 annual meeting.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>155000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>155000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Verint Systems Inc.</issuerName>
    <cusip>92343X100</cusip>
    <isin>US92343X1000</isin>
    <meetingDate>06/19/2025</meetingDate>
    <voteDescription>Advisory vote to approve the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>245200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
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        <sharesVoted>245200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>Aeva Technologies, Inc.</issuerName>
    <cusip>00835Q202</cusip>
    <isin>US00835Q2021</isin>
    <meetingDate>06/20/2025</meetingDate>
    <voteDescription>Approval, on a non-binding advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    <sharesVoted>0.000000</sharesVoted>
    <sharesOnLoan>75000.000000</sharesOnLoan>
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  <proxyTable>
    <issuerName>Atea Pharmaceuticals, Inc.</issuerName>
    <cusip>04683R106</cusip>
    <isin>US04683R1068</isin>
    <meetingDate>06/20/2025</meetingDate>
    <voteDescription>Approval, on an advisory (non-binding) basis, of the compensation of the named executive officers of the Company.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
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    <sharesVoted>143100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>143100.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>Cava Group, Inc.</issuerName>
    <cusip>148929102</cusip>
    <isin>US1489291021</isin>
    <meetingDate>06/20/2025</meetingDate>
    <voteDescription>Approval of, on an advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Cava Group, Inc.</issuerName>
    <cusip>148929102</cusip>
    <isin>US1489291021</isin>
    <meetingDate>06/20/2025</meetingDate>
    <voteDescription>Approval of, on an advisory basis, the frequency of future advisory votes to approve the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>200.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
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  <proxyTable>
    <issuerName>JAKKS Pacific, Inc.</issuerName>
    <cusip>47012E403</cusip>
    <isin>US47012E4035</isin>
    <meetingDate>06/20/2025</meetingDate>
    <voteDescription>To conduct an advisory vote on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>88662.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>88662.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>NextCure, Inc.</issuerName>
    <cusip>65343E207</cusip>
    <isin>US65343E2072</isin>
    <meetingDate>06/20/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation paid by Company to its named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>1700.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>NextCure, Inc.</issuerName>
    <cusip>65343E207</cusip>
    <isin>US65343E2072</isin>
    <meetingDate>06/20/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of whether a vote on the compensation of our named executive officers should take place every one year, every two years or every three years.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1700.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>1700.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Magnachip Semiconductor Corporation</issuerName>
    <cusip>55933J203</cusip>
    <isin>US55933J2033</isin>
    <meetingDate>06/23/2025</meetingDate>
    <voteDescription>Advisory (non-binding) vote to approve the compensation of our named executive officers as set forth in the &quot;Executive Compensation&quot; section in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>412754.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>412754.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>CorMedix Inc.</issuerName>
    <cusip>21900C308</cusip>
    <isin>US21900C3088</isin>
    <meetingDate>06/24/2025</meetingDate>
    <voteDescription>To approve on a non-binding advisory basis the compensation of our named executive officers for 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>900.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
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  <proxyTable>
    <issuerName>CPI Aerostructures, Inc.</issuerName>
    <cusip>125919308</cusip>
    <isin>US1259193084</isin>
    <meetingDate>06/24/2025</meetingDate>
    <voteDescription>Advisory approval of the compensation of the Company's Named Executive Officers (&quot;Say on Pay&quot;)</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>25500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>25500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Domo, Inc.</issuerName>
    <cusip>257554105</cusip>
    <isin>US2575541055</isin>
    <meetingDate>06/24/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>23500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>23500.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
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  <proxyTable>
    <issuerName>DoorDash, Inc.</issuerName>
    <cusip>25809K105</cusip>
    <isin>US25809K1051</isin>
    <meetingDate>06/24/2025</meetingDate>
    <voteDescription>The approval, on an advisory basis, of the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>7620.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>7620.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>NetSol Technologies, Inc.</issuerName>
    <cusip>64115A402</cusip>
    <isin>US64115A4022</isin>
    <meetingDate>06/24/2025</meetingDate>
    <voteDescription>Advisory Vote to Approve Executive Compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>2500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>2500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
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  </proxyTable>
  <proxyTable>
    <issuerName>Niagen Bioscience, Inc.</issuerName>
    <cusip>171077407</cusip>
    <isin>US1710774076</isin>
    <meetingDate>06/24/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of our named executive officers, as disclosed in the accompanying proxy statement</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>92179.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>92179.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>Spruce Power Holding Corporation</issuerName>
    <cusip>9837FR209</cusip>
    <isin>US9837FR2091</isin>
    <meetingDate>06/24/2025</meetingDate>
    <voteDescription>To approve, in an advisory and non-binding vote, the compensation of our named executive officers as disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>44025.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>44025.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>WM Technology, Inc.</issuerName>
    <cusip>92971A109</cusip>
    <isin>US92971A1097</isin>
    <meetingDate>06/24/2025</meetingDate>
    <voteDescription>Non-binding advisory vote to Approve The Compensation Of Our Named Executive Officers For The Year Ended December 31, 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>225400.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>225400.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <cusip>021513106</cusip>
    <isin>US0215131063</isin>
    <meetingDate>06/25/2025</meetingDate>
    <voteDescription>To cast a non-binding advisory vote to approve our executive compensation (&quot;say-on-pay&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
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    </voteCategories>
    <sharesVoted>184500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>184500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Alto Ingredients, Inc.</issuerName>
    <cusip>021513106</cusip>
    <isin>US0215131063</isin>
    <meetingDate>06/25/2025</meetingDate>
    <voteDescription>To cast a non-binding advisory vote on the frequency of future advisory votes to approve our executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>184500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>184500.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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    <issuerName>Apogee Enterprises, Inc.</issuerName>
    <cusip>037598109</cusip>
    <isin>US0375981091</isin>
    <meetingDate>06/25/2025</meetingDate>
    <voteDescription>Advisory vote to approve Apogee's executive compensation;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>77506.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>77506.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>Ascent Industries Co.</issuerName>
    <cusip>871565107</cusip>
    <isin>US8715651076</isin>
    <meetingDate>06/25/2025</meetingDate>
    <voteDescription>Advisory vote on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>61266.000000</sharesVoted>
    <sharesOnLoan>1459.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>61266.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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    <issuerName>China Automotive Systems, Inc.</issuerName>
    <cusip>16936R105</cusip>
    <isin>US16936R1059</isin>
    <meetingDate>06/25/2025</meetingDate>
    <voteDescription>Approve an advisory (non-binding) proposal concerning the Company's named executive officer compensation program.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>136350.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>136350.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
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  <proxyTable>
    <issuerName>China Automotive Systems, Inc.</issuerName>
    <cusip>16936R105</cusip>
    <isin>US16936R1059</isin>
    <meetingDate>06/25/2025</meetingDate>
    <voteDescription>Approve an advisory (non-binding) proposal concerning the frequency of holding future advisory votes on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>136350.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>136350.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
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  <proxyTable>
    <issuerName>Douglas Elliman Inc.</issuerName>
    <cusip>25961D105</cusip>
    <isin>US25961D1054</isin>
    <meetingDate>06/25/2025</meetingDate>
    <voteDescription>Advisory vote on executive compensation (the &quot;say-on-pay&quot; vote):</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>1238245.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>1238245.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>eBay Inc.</issuerName>
    <cusip>278642103</cusip>
    <isin>US2786421030</isin>
    <meetingDate>06/25/2025</meetingDate>
    <voteDescription>Advisory vote to approve named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>8400.000000</sharesVoted>
    <sharesOnLoan>25000.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>8400.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Envela Corporation</issuerName>
    <cusip>29402E102</cusip>
    <isin>US29402E1029</isin>
    <meetingDate>06/25/2025</meetingDate>
    <voteDescription>To approve, by non-binding advisory vote, the resolution approving named executive officer compensation (&quot;Say on Pay Vote&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>80926.000000</sharesVoted>
    <sharesOnLoan>10774.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>80926.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Envela Corporation</issuerName>
    <cusip>29402E102</cusip>
    <isin>US29402E1029</isin>
    <meetingDate>06/25/2025</meetingDate>
    <voteDescription>To approve, by non-binding advisory vote, the frequency of future non-binding advisory votes on resolutions approving future named executive officer compensation (&quot;Say When on Pay Vote&quot;).</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>80926.000000</sharesVoted>
    <sharesOnLoan>10774.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>80926.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Gossamer Bio, Inc.</issuerName>
    <cusip>38341P102</cusip>
    <isin>US38341P1021</isin>
    <meetingDate>06/25/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of the compensation of the Company's named executive officers as disclosed in the proxy statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>485900.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>485900.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>LivePerson, Inc.</issuerName>
    <cusip>538146101</cusip>
    <isin>US5381461012</isin>
    <meetingDate>06/25/2025</meetingDate>
    <voteDescription>Advisory approval of the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>100000.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>100000.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>NVIDIA Corporation</issuerName>
    <cusip>67066G104</cusip>
    <isin>US67066G1040</isin>
    <meetingDate>06/25/2025</meetingDate>
    <voteDescription>Advisory approval of our executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>76696.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>76696.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Perma-Pipe International Holdings, Inc.</issuerName>
    <cusip>714167103</cusip>
    <isin>US7141671039</isin>
    <meetingDate>06/25/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis the compensation of the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>41048.000000</sharesVoted>
    <sharesOnLoan>562.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>41048.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Perma-Pipe International Holdings, Inc.</issuerName>
    <cusip>714167103</cusip>
    <isin>US7141671039</isin>
    <meetingDate>06/25/2025</meetingDate>
    <voteDescription>To recommend, by non-binding vote, the frequency of executive compensation votes.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>41048.000000</sharesVoted>
    <sharesOnLoan>562.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>41048.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>SCYNEXIS, Inc.</issuerName>
    <cusip>811292200</cusip>
    <isin>US8112922005</isin>
    <meetingDate>06/25/2025</meetingDate>
    <voteDescription>To vote, on an advisory basis, on the compensation paid to SCYNEXIS, Inc.'s named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>246240.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>246240.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Shoe Carnival, Inc.</issuerName>
    <cusip>824889109</cusip>
    <isin>US8248891090</isin>
    <meetingDate>06/25/2025</meetingDate>
    <voteDescription>To approve, in an advisory (non-binding) vote, the compensation paid to the Company's named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>104500.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>104500.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>T1 Energy Inc.</issuerName>
    <cusip>35834F104</cusip>
    <isin>US35834F1049</isin>
    <meetingDate>06/25/2025</meetingDate>
    <voteDescription>Advisory vote on the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>7200.000000</sharesVoted>
    <sharesOnLoan>175000.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>7200.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Air Industries Group</issuerName>
    <cusip>00912N403</cusip>
    <isin>US00912N4034</isin>
    <meetingDate>06/26/2025</meetingDate>
    <voteDescription>The adoption, on an advisory basis, of a resolution approving the compensation of our named executive officers as disclosed in our Proxy Statement.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>4009.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>4009.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Allegiant Travel Company</issuerName>
    <cusip>01748X102</cusip>
    <isin>US01748X1028</isin>
    <meetingDate>06/26/2025</meetingDate>
    <voteDescription>Approval of advisory resolution approving executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>67470.000000</sharesVoted>
    <sharesOnLoan>2730.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>67470.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>American Shared Hospital Services</issuerName>
    <cusip>029595105</cusip>
    <isin>US0295951059</isin>
    <meetingDate>06/26/2025</meetingDate>
    <voteDescription>ADVISORY VOTE ON EXECUTIVE COMPENSATION. To approve, on a non-binding, advisory basis, the compensation of our named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>84767.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>84767.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>American Shared Hospital Services</issuerName>
    <cusip>029595105</cusip>
    <isin>US0295951059</isin>
    <meetingDate>06/26/2025</meetingDate>
    <voteDescription>ADVISORY VOTE ON THE FREQUENCY OF ADVISORY VOTES ON OUR EXECUTIVE COMPENSATION. To approve on an advisory basis as to the frequency with which we hold advisory votes on our executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>84767.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>84767.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Enhabit, Inc.</issuerName>
    <cusip>29332G102</cusip>
    <isin>US29332G1022</isin>
    <meetingDate>06/26/2025</meetingDate>
    <voteDescription>Approval, on an advisory basis, of our named executive officer compensation</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>190179.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>190179.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Fulcrum Therapeutics, Inc.</issuerName>
    <cusip>359616109</cusip>
    <isin>US3596161097</isin>
    <meetingDate>06/26/2025</meetingDate>
    <voteDescription>A non-binding advisory vote on executive compensation;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>7600.000000</sharesVoted>
    <sharesOnLoan>90000.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>7600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Fulcrum Therapeutics, Inc.</issuerName>
    <cusip>359616109</cusip>
    <isin>US3596161097</isin>
    <meetingDate>06/26/2025</meetingDate>
    <voteDescription>A non-binding advisory vote on the frequency of future executive compensation advisory votes; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>7600.000000</sharesVoted>
    <sharesOnLoan>90000.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>7600.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Genesco Inc.</issuerName>
    <cusip>371532102</cusip>
    <isin>US3715321028</isin>
    <meetingDate>06/26/2025</meetingDate>
    <voteDescription>A non-binding advisory vote on the Company's named executive officers' compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>133471.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>133471.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Live Ventures Incorporated</issuerName>
    <cusip>538142308</cusip>
    <isin>US5381423087</isin>
    <meetingDate>06/26/2025</meetingDate>
    <voteDescription>To hold an advisory vote to approve named executive officer compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>20450.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>20450.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Live Ventures Incorporated</issuerName>
    <cusip>538142308</cusip>
    <isin>US5381423087</isin>
    <meetingDate>06/26/2025</meetingDate>
    <voteDescription>To hold an advisory vote on the frequency of future advisory votes on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>20450.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>20450.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>OP Bancorp</issuerName>
    <cusip>67109R109</cusip>
    <isin>US67109R1095</isin>
    <meetingDate>06/26/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the Company's executive compensation for the fiscal year ended December 31, 2024.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>159250.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>159250.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>OP Bancorp</issuerName>
    <cusip>67109R109</cusip>
    <isin>US67109R1095</isin>
    <meetingDate>06/26/2025</meetingDate>
    <voteDescription>To recommend, on an advisory basis, the frequency with which the Company solicits shareholder approval of its executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>159250.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>ONE YEAR</howVoted>
        <sharesVoted>159250.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Primis Financial Corp.</issuerName>
    <cusip>74167B109</cusip>
    <isin>US74167B1098</isin>
    <meetingDate>06/26/2025</meetingDate>
    <voteDescription>ADVISORY VOTE ON EXECUTIVE COMPENSATION. To conduct an advisory (non-binding) vote to approve the compensation of the Company's named executive officers; and</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>111057.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>111057.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Protalix BioTherapeutics, Inc.</issuerName>
    <cusip>74365A309</cusip>
    <isin>US74365A3095</isin>
    <meetingDate>06/26/2025</meetingDate>
    <voteDescription>To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers as disclosed in the proxy statement that accompanies this notice;</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>189100.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>189100.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Ramaco Resources, Inc.</issuerName>
    <cusip>75134P501</cusip>
    <isin>US75134P5017</isin>
    <meetingDate>06/26/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation paid by the Company to its named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>40.000000</sharesVoted>
    <sharesOnLoan>0</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>FOR</howVoted>
        <sharesVoted>40.000000</sharesVoted>
        <managementRecommendation>FOR</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
  <proxyTable>
    <issuerName>Ramaco Resources, Inc.</issuerName>
    <cusip>75134P600</cusip>
    <isin>US75134P6007</isin>
    <meetingDate>06/26/2025</meetingDate>
    <voteDescription>To approve, on an advisory basis, the compensation paid by the Company to its named executive officers.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>0.000000</sharesVoted>
    <sharesOnLoan>1400.000000</sharesOnLoan>
  </proxyTable>
  <proxyTable>
    <issuerName>Omeros Corporation</issuerName>
    <cusip>682143102</cusip>
    <isin>US6821431029</isin>
    <meetingDate>06/27/2025</meetingDate>
    <voteDescription>Approval of advisory resolution on executive compensation.</voteDescription>
    <voteCategories>
      <voteCategory>
        <categoryType>SECTION 14A SAY-ON-PAY VOTES</categoryType>
      </voteCategory>
    </voteCategories>
    <sharesVoted>3500.000000</sharesVoted>
    <sharesOnLoan>28215.000000</sharesOnLoan>
    <vote>
      <voteRecord>
        <howVoted>AGAINST</howVoted>
        <sharesVoted>3500.000000</sharesVoted>
        <managementRecommendation>AGAINST</managementRecommendation>
      </voteRecord>
    </vote>
  </proxyTable>
</proxyVoteTable>
