The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ASHFORD HOSPITALITY TRUST INC Common 044103109 8,346 1,310,140 SH   SOLE   1,018,719 0 0
ASTRONOVA INC Common 04638F108 8,472 555,565 SH   SOLE   382,998 0 0
CASELLA WASTE SYSTEMS INC. Common 147448104 11,780 834,898 SH   SOLE   573,500 0 0
CECO ENVIRONMENTAL CORP Common 125141101 4,508 428,884 SH   SOLE   295,050 0 0
CENTRAL GARDEN AND PET CO - A Common 153527205 9,334 268,829 SH   SOLE   202,668 0 0
COLUMBUS MCKINNON N Y COM Common 199333105 4,880 196,631 SH   SOLE   135,020 0 0
CPI AEROSTRUCTURES INC Common 125919308 357 52,888 SH   SOLE   37,203 0 0
DESTINATION XL GROUP, INC Common 25065K104 4,885 1,714,154 SH   SOLE   1,178,050 0 0
DMC GLOBAL INC Common 23291C103 7,759 625,750 SH   SOLE   431,400 0 0
FIRST CONNECTICUT BANCORP, INC. Common 319850103 10,843 437,222 SH   SOLE   301,669 0 0
FRP HOLDINGS INC Common 30292L107 10,377 259,435 SH   SOLE   178,733 0 0
GLOBAL POWER EQUIPMENT GROUP Common 37941P306 2,298 516,370 SH   SOLE   356,215 0 0
GRANITE CONSTRUCTION INC Common 387328107 9,512 189,517 SH   SOLE   148,467 0 0
GREENHILL & CO INC. Common 395259104 18,926 645,931 SH   SOLE   517,581 0 0
HAEMONETICS CORPORATION Common 405024100 20,018 493,419 SH   SOLE   395,519 0 0
HEADWATERS INC. Common 42210P102 9,642 410,668 SH   SOLE   330,056 0 0
HILL INTERNATIONAL INC. Common 431466101 7,829 1,886,388 SH   SOLE   1,302,000 0 0
HOMETRUST BANCSHARES INC Common 437872104 7,558 321,603 SH   SOLE   221,432 0 0
HORIZON GLOBAL CORPORATION Common 44052W104 10,281 740,693 SH   SOLE   509,900 0 0
HOUSTON WIRE & CABLE COMPANY Common 44244K109 10,029 1,485,761 SH   SOLE   1,020,350 0 0
INNERWORKINGS INC Common 45773Y105 11,331 1,137,680 SH   SOLE   911,589 0 0
LAYNE CHRISTENSEN COMPANY Common 521050104 12,617 1,427,218 SH   SOLE   1,111,844 0 0
LIBBEY INC Common 529898108 11,210 768,864 SH   SOLE   529,273 0 0
LIBERTY TAX INC Common 53128T102 11,290 792,313 SH   SOLE   545,094 0 0
LMI AEROSPACE Common 502079106 5,218 378,698 SH   SOLE   260,633 0 0
MAIDEN HOLDINGS LTD Common 036419750 15,323 1,094,524 SH   SOLE   876,920 0 0
MANITEX INTERNATIONAL INC Common 563420108 9,285 1,385,815 SH   SOLE   949,050 0 0
MANITOWOC COMPANY, INC. Common 563571108 19,361 3,396,704 SH   SOLE   2,712,204 0 0
MARINEMAX INC Common 567908108 9,251 427,316 SH   SOLE   294,291 0 0
MISTRAS GROUP INC. Common 60649T107 17,543 820,518 SH   SOLE   653,123 0 0
NCI BUILDING SYSTEMS INC Common 628852204 21,827 1,272,700 SH   SOLE   1,011,639 0 0
NORTHERN TECHNOLOGIES INTL Common 665809109 5,254 287,956 SH   SOLE   198,850 0 0
ORCHIDS PAPER PRODUCTS COMPANY Common 68572N104 4,935 205,610 SH   SOLE   139,700 0 0
PAR PACIFIC HOLDINGS INC Common 69888T207 17,255 1,046,404 SH   SOLE   823,404 0 0
PATRIOT TRANSPORTATION HOLDING Common 70338W105 994 44,172 SH   SOLE   30,722 0 0
PEAK RESORTS INC Common 70469L100 4,680 828,367 SH   SOLE   566,900 0 0
PLY GEM HOLDINGS INC. Common 72941W100 19,650 997,442 SH   SOLE   796,892 0 0
QAD INC Common 74727D306 9,094 326,533 SH   SOLE   224,146 0 0
QAD INC-B Common 74727D207 23 972 SH   SOLE   672 0 0
REGIS CORP Common 758932107 5,198 443,558 SH   SOLE   348,155 0 0
SCHNITZER STEEL INDUSTRIES, INC. Common 806882106 10,868 526,277 SH   SOLE   424,786 0 0
SEAWORLD ENTERTAINMENT, INC. Common 81282V100 17,529 959,445 SH   SOLE   763,295 0 0
SPX FLOW INC. Common 78469X107 18,906 544,693 SH   SOLE   435,643 0 0
STONERIDGE INC Common 86183P102 3,201 176,485 SH   SOLE   121,324 0 0
TEAM INC Common 878155100 5,379 198,872 SH   SOLE   137,779 0 0
TEXTAINER GROUP HOLDINGS LIMITED Common G8766E109 19,498 1,274,355 SH   SOLE   1,017,905 0 0
THE CHEFS' WAREHOUSE, INC. Common 163086101 9,949 715,758 SH   SOLE   491,500 0 0
THE CONTAINER STORE GROUP INC Common 210751103 10,531 2,489,575 SH   SOLE   1,713,700 0 0
THERMON GROUP HOLDINGS, INC. Common 88362T103 10,583 507,816 SH   SOLE   404,516 0 0
TITAN MACHINERY, INC. Common 88830R101 11,357 740,338 SH   SOLE   509,750 0 0
TIVITY HEALTH INC Common 88870R102 18,049 620,230 SH   SOLE   495,430 0 0
TOPBUILD CORP Common 89055F103 26,124 555,838 SH   SOLE   446,522 0 0
UMH PROPERTIES INC. Common 903002103 12,054 792,500 SH   SOLE   544,000 0 0
UNITED STATES LIME & MINERALS INC Common 911922102 10,559 133,691 SH   SOLE   92,350 0 0
VAREX IMAGING CORPORATION Common 92214X106 21,868 650,831 SH   SOLE   521,531 0 0
WILLIS LEASE FINANCE CORPORATION Common 970646105 4,902 219,349 SH   SOLE   152,647 0 0