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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Air Transport Services Group COM 00922R105   2,446,454 109,022 SH   SOLE   0 0 0
Arcelormittal SA Luxemberg NY Registry SH 03938L203   5,914,250 205,000 SH   SOLE   0 0 0
Algoma Steel Group COM 015658107   5,377,599 992,177 SH   SOLE   0 0 0
American Axle & MFG Holdings Inc COM 024061103   3,897,025 957,500 SH   SOLE   0 0 0
Ammo Inc COM 00175J107   759,000 550,000 SH   SOLE   0 0 0
AMREP Corp COM 032159105   2,834,268 141,360 SH   SOLE   0 0 0
Atkore International Group Inc COM 047649108   1,499,750 25,000 SH   SOLE   0 0 0
Bluelinx Holdings Inc COM NEW 09624H208   29,515,802 393,649 SH   SOLE   0 0 0
Brightview Holdings Inc COM 10948C107   256,800 20,000 SH   SOLE   0 0 0
Builders FirstSource Inc COM 12008R107   36,515,589 292,265 SH   SOLE   0 0 0
Carriage Services Inc COM 143905107   2,743,710 71,007 SH   SOLE   0 0 0
Century Casinos Inc COM 156492100   64,698 38,283 SH   SOLE   0 0 0
Civeo Corporation COM NEW 17878Y207   4,456,250 193,750 SH   SOLE   0 0 0
Cleveland-Cliffs Inc New COM 185899101   93,297 11,350 SH   SOLE   0 0 0
Colliers Intl Group Inc SUB VTG SHS 194693107   3,651,615 30,104 SH   SOLE   0 0 0
Commercial Vehicle Group Inc COM 202608105   77,420 67,322 SH   SOLE   0 0 0
Concrete Pumping Holdings Inc COM 206704108   1,704,066 312,100 SH   SOLE   0 0 0
Conduent Inc COM 206787103   2,802,765 1,038,061 SH   SOLE   0 0 0
CoreCivic Inc COM 21871N101   17,149,311 845,210 SH   SOLE   0 0 0
Core Natural Resources COM SHS 218937100   35,988,661 466,779 SH   SOLE   0 0 0
Dana Incorporated COM 235825205   24,524,359 1,852,293 SH   SOLE   0 0 0
Destination XL Group Inc COM 25065K104   109,500 75,000 SH   SOLE   0 0 0
Ezcorp Inc CL A NON VTG 302301106   441,600 30,000 SH   SOLE   0 0 0
Fathom Holdings Inc COM 31189V109   61,496 69,882 SH   SOLE   0 0 0
Ferroglobe PLC SHS G33856108   2,430,050 655,000 SH   SOLE   0 0 0
FirstService Corp COM 33767E202   1,676,759 10,104 SH   SOLE   0 0 0
Fluent Co COM 34380C102   3,085,975 1,415,585 SH   SOLE   0 0 0
FS KKR Capital Corp COM 302635206   785,625 37,500 SH   SOLE   0 0 0
Garrett Motion Inc COM 366505105   761,670 91,000 SH   SOLE   0 0 0
Graftech INTL LTD COM 384313508   254,696 292,754 SH   SOLE   0 0 0
Gray Television Inc COM 389375106   377,136 87,300 SH   SOLE   0 0 0
Geo Group Inc COM 36162J106   2,336,800 80,000 SH   SOLE   0 0 0
GSI Technology COM 36241U106   66,990 33,000 SH   SOLE   0 0 0
Hallador Energy Company COM 40609P105   1,964,800 160,000 SH   SOLE   0 0 0
Hudson Technologies Inc COM 444144109   1,889,254 306,200 SH   SOLE   0 0 0
IES Holdings Inc COM 44951W106   6,909,028 41,845 SH   SOLE   0 0 0
Information Services Group Inc COM 45675Y104   1,906,676 487,641 SH   SOLE   0 0 0
Inspired Entertainment COM 45782N108   555,100 65,000 SH   SOLE   0 0 0
Kratos Defense & Sec Solutions COM NEW 50077B207   97,413 3,281 SH   SOLE   0 0 0
Lee Enterprises Inc COM 523768406   415,200 40,000 SH   SOLE   0 0 0
Lifetime Brands COM 53222Q103   7,049,914 1,447,621 SH   SOLE   0 0 0
Limbach Holdings Inc COM 53263P105   1,489,400 20,000 SH   SOLE   0 0 0
Mayville Engineering Co Inc COM 578605107   3,364,376 250,512 SH   SOLE   0 0 0
Nexxen International LTD SPON ADR 89484T104   29,162,851 3,492,557 SH   SOLE   0 0 0
Mistras Group Inc COM 60649T107   2,139,731 202,243 SH   SOLE   0 0 0
NORTH AMERN CONSTR GROUP LTD COM 656811106   315,800 20,000 SH   SOLE   0 0 0
O-I Glass Inc COM 67098H104   1,089,650 95,000 SH   SOLE   0 0 0
Olympic Steel Inc COM 68162K106   6,503,585 206,332 SH   SOLE   0 0 0
Oppenheimer Holdings Inc CL A NON VTG 683797104   29,960,065 503,954 SH   SOLE   0 0 0
Orion Group Hldgs Inc COM 68628V308   679,900 130,000 SH   SOLE   0 0 0
Park-Ohio Holdings Corp COM 700666100   1,651,022 76,899 SH   SOLE   0 0 0
Quipt Home Medical COM 74880P104   466,000 200,000 SH   SOLE   0 0 0
RadNet Inc COM 750491102   73,290,313 1,474,061 SH   SOLE   0 0 0
Ramaco Resources Inc COM CL A 75134P900   1,934,050 235,000 SH   SOLE   0 0 0
Ramaco Resources Inc COM CL B 75134P303   391,121 55,010 SH   SOLE   0 0 0
Ranger Energy Services Inc COM CL A 75282U104   516,087 36,576 SH   SOLE   0 0 0
RCI Hospitality Holdings Inc COM 74934Q108   2,576,400 60,000 SH   SOLE   0 0 0
Rimini Str Inc Del COM 76674Q107   205,992 59,193 SH   SOLE   0 0 0
RumbleOn Inc COM CL B 781386305   197,400 70,000 SH   SOLE   0 0 0
Rush Enterprises Inc Cl A CL A 781846209   1,086,454 20,418 SH   SOLE   0 0 0
Rush Enterprises Inc Cl B CL B 781846308   1,150,146 20,418 SH   SOLE   0 0 0
Ryerson Holding Corporation COM 783754104   48,929,344 2,131,069 SH   SOLE   0 0 0
Saratoga Investment Corp COM NEW 80349A208   839,406 33,847 SH   SOLE   0 0 0
Sinclair Broadcast Group Inc CL A 829226109   3,106,350 195,000 SH   SOLE   0 0 0
Smart Sand Inc COM 83191H107   906,500 350,000 SH   SOLE   0 0 0
Sportsmans Warehouse Holdings Inc COM 84920Y106   1,602,123 1,611,794 SH   SOLE   0 0 0
Tidewater COM 88642R109   1,056,750 25,000 SH   SOLE   0 0 0
Titan International Inc COM 88830M102   2,113,500 50,000 SH   SOLE   0 0 0
Torrid Holdings Inc COM 89142B107   822,000 150,000 SH   SOLE   0 0 0
Townsquare Media Inc CL A 892231101   3,705,031 467,807 SH   SOLE   0 0 0
Trimas Corp COM NEW 896215209   521,059 22,277 SH   SOLE   0 0 0
Trinseo SA SHS G9059U107   99,094 27,001 SH   SOLE   0 0 0
Tutor Perini Corp COM 901109108   20,735,762 894,554 SH   SOLE   0 0 0
Varex Imaging COM 92214X106   1,276,000 110,000 SH   SOLE   0 0 0
Victory Cap Holdings Inc COM CL A 92645B103   16,019,110 276,812 SH   SOLE   0 0 0
Village Farms International Inc COM 92707Y108   109,800 180,000 SH   SOLE   0 0 0
World Acceptance Corp COM 981419104   135,282 1,069 SH   SOLE   0 0 0
Xcel Brands Inc COM NEW 98400M101   42,300 15,000 SH   SOLE   0 0 0
Xpel Inc COM 98379L100   734,500 25,000 SH   SOLE   0 0 0