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
3M CO COM 88579y101 1,485 13,584 SH   SOLE 13,584 0 0
A H BELO CORP COM CL A 001282102 4,180 609,357 SH   SOLE 609,357 0 0
ACCELRYS INC COM 00430u103 2,495 297,013 SH   SOLE 297,013 0 0
ACCENTURE PLC IRELAND SHS CLASS A g1151c101 3,463 48,129 SH   SOLE 48,129 0 0
ACTUATE CORP COM 00508b102 6,095 917,949 SH   SOLE 917,949 0 0
ALAMO GROUP INC COM 011311107 2,498 61,196 SH   SOLE 61,196 0 0
ALTISOURCE PORTFOLIO SOLNS S REG SHS l0175j104 8,053 85,393 SH   SOLE 85,393 0 0
ALTISOURCE RESIDENTIAL CORP CL B 02153w100 1,899 113,783 SH   SOLE 113,783 0 0
AMERCO COM 023586100 1,793 11,075 SH   SOLE 11,075 0 0
AMERIPRISE FINL INC COM 03076c106 3,819 47,214 SH   SOLE 47,214 0 0
ARBOR RLTY TR INC COM 038923108 2,845 453,000 SH   SOLE 453,000 0 0
ASCENT CAP GROUP INC COM SER A 043632108 7,511 96,211 SH   SOLE 96,211 0 0
AWARE INC MASS COM 05453N100 405 77,800 SH   SOLE 77,800 0 0
BARRETT BUSINESS SERVICES IN COM 068463108 992 19,000 SH   SOLE 19,000 0 0
BARRY R G CORP OHIO COM 068798107 3,053 188,000 SH   SOLE 188,000 0 0
BLACKROCK INTL GRWTH & INC T COM BENE INTER 092524107 5,898 800,226 SH   SOLE 800,226 0 0
BLACKROCK RES & COMM STRAT T SHS 09257a108 3,978 345,045 SH   SOLE 345,045 0 0
BOEING CO COM 097023105 3,815 37,245 SH   SOLE 37,245 0 0
BOLT TECHNOLOGY CORP COM 097698104 2,511 147,000 SH   SOLE 147,000 0 0
BSB BANCORP INC MD COM 05573h108 2,155 163,880 SH   SOLE 163,880 0 0
CALAMOS STRATEGIC TOTL RETN COM SH BEN INT 128125101 2,888 284,774 SH   SOLE 284,774 0 0
CALAVO GROWERS INC COM 128246105 2,662 97,917 SH   SOLE 97,917 0 0
CALLAWAY GOLF CO COM 131193104 3,826 581,532 SH   SOLE 581,532 0 0
CARMIKE CINEMAS INC COM 143436400 7,487 386,728 SH   SOLE 386,728 0 0
CENTURYLINK INC COM 156700106 5,611 158,723 SH   SOLE 158,723 0 0
CHEROKEE INC DEL NEW COM 16444h102 1,808 141,500 SH   SOLE 141,500 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941m109 1,840 35,549 SH   SOLE 35,549 0 0
CIFC CORP COM 12547r105 956 126,567 SH   SOLE 126,567 0 0
CINCINNATI BELL INC NEW COM 171871106 2,630 859,337 SH   SOLE 859,337 0 0
CINTAS CORP COM 172908105 3,857 84,691 SH   SOLE 84,691 0 0
CLICKSOFTWARE TECHNOLOGIES L ORD M25082104 2,827 339,011 SH   SOLE 339,011 0 0
CLOUGH GLOBAL ALLOCATION FD COM 18913y103 197 13,000 SH   SOLE 13,000 0 0
CLOUGH GLOBAL EQUITY FD COM 18914c100 4,838 323,156 SH   SOLE 323,156 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914e106 4,043 314,180 SH   SOLE 314,180 0 0
COCA COLA CO COM 191216100 2,253 56,180 SH   SOLE 56,180 0 0
COHEN & STEERS CLOSED END OP COM 19248p106 3,524 268,429 SH   SOLE 268,429 0 0
COHEN & STEERS INFRASTRUCTUR COM 19248a109 5,891 311,883 SH   SOLE 311,883 0 0
CORENERGY INFRASTRUCTURE TR COM 21870u205 2,552 366,668 SH   SOLE 366,668 0 0
COURIER CORP COM 222660102 2,342 164,000 SH   SOLE 164,000 0 0
CVS CAREMARK CORPORATION COM 126650100 3,488 60,994 SH   SOLE 60,994 0 0
DATALINK CORP COM 237934104 5,083 477,762 SH   SOLE 477,762 0 0
DATAWATCH CORP COM NEW 237917208 5,714 316,720 SH   SOLE 316,720 0 0
DAWSON GEOPHYSICAL CO COM 239359102 3,870 105,000 SH   SOLE 105,000 0 0
DESTINATION XL GROUP INC COM 25065k104 10,871 1,714,606 SH   SOLE 1,714,606 0 0
DIAMOND HILL INVESTMENT GROU COM NEW 25264R207 1,464 17,100 SH   SOLE 17,100 0 0
DICE HLDGS INC COM 253017107 2,655 288,298 SH   SOLE 288,298 0 0
DOUGLAS DYNAMICS INC COM 25960r105 4,720 363,660 SH   SOLE 363,660 0 0
DST SYS INC DEL COM 233326107 2,755 42,171 SH   SOLE 42,171 0 0
DSW INC CL A 23334l102 4,859 66,142 SH   SOLE 66,142 0 0
DUKE ENERGY CORP NEW COM NEW 26441c204 2,498 37,008 SH   SOLE 37,008 0 0
EARTHSTONE ENERGY INC COM NEW 27032d205 705 50,701 SH   SOLE 50,701 0 0
EASTERN CO COM 276317104 480 30,000 SH   SOLE 30,000 0 0
EATON VANCE ENHANCED EQ INC COM 278274105 4,882 422,653 SH   SOLE 422,653 0 0
EATON VANCE TAX ADVT DIV INC COM 27828g107 2,471 135,329 SH   SOLE 135,329 0 0
ECOLAB INC COM 278865100 682 8,000 SH   SOLE 8,000 0 0
ELECTRO RENT CORP COM 285218103 3,729 222,123 SH   SOLE 222,123 0 0
ELLIE MAE INC COM 28849p100 3,123 135,300 SH   SOLE 135,300 0 0
ELONG INC SPONSORED ADR 290138205 1,434 104,300 SH   SOLE 104,300 0 0
ENSTAR GROUP LIMITED SHS g3075p101 4,429 33,303 SH   SOLE 33,303 0 0
EXXON MOBIL CORP COM 30231g102 2,933 32,463 SH   SOLE 32,463 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 2,567 85,654 SH   SOLE 85,654 0 0
FISERV INC COM 337738108 3,455 39,526 SH   SOLE 39,526 0 0
FIVE STAR QUALITY CARE INC COM 33832d106 7,695 1,371,673 SH   SOLE 1,371,673 0 0
FLEXSTEEL INDS INC COM 339382103 2,378 97,533 SH   SOLE 97,533 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 3,265 211,023 SH   SOLE 211,023 0 0
FRANKLIN COVEY CO COM 353469109 7,939 589,791 SH   SOLE 589,791 0 0
GABELLI DIVD & INCOME TR COM 36242h104 6,433 333,129 SH   SOLE 333,129 0 0
GDL FUND COM SH BEN IT 361570104 5,915 517,059 SH   SOLE 517,059 0 0
GSI GROUP INC CDA NEW COM NEW 36191c205 2,654 330,103 SH   SOLE 330,103 0 0
HACKETT GROUP INC COM 404609109 4,852 934,852 SH   SOLE 934,852 0 0
HALLMARK FINL SVCS INC EC COM NEW 40624q203 2,275 248,861 SH   SOLE 248,861 0 0
HANGER INC COM NEW 41043f208 3,920 123,947 SH   SOLE 123,947 0 0
HARVARD BIOSCIENCE INC COM 416906105 2,150 457,551 SH   SOLE 457,551 0 0
HCI GROUP INC COM 40416e103 3,267 106,334 SH   SOLE 106,334 0 0
HEALTHSTREAM INC COM 42222N103 1,270 50,161 SH   SOLE 50,161 0 0
HERITAGE FINL GROUP INC COM 42726x102 177 12,000 SH   SOLE 12,000 0 0
HOME LN SERVICING SOLUTIONS ORD SHS g6648d109 8,736 364,475 SH   SOLE 364,475 0 0
HONG KONG TELEVISION NETWK L SPONSORED ADR 43858g107 3,417 553,814 SH   SOLE 553,814 0 0
HOOKER FURNITURE CORP COM 439038100 3,545 218,000 SH   SOLE 218,000 0 0
HORMEL FOODS CORP COM 440452100 3,316 85,958 SH   SOLE 85,958 0 0
HOUSTON WIRE & CABLE CO COM 44244k109 927 67,000 SH   SOLE 67,000 0 0
HUTCHINSON TECHNOLOGY INC COM 448407106 47 10,000 SH   SOLE 10,000 0 0
INCONTACT INC COM 45336E109 2,459 299,120 SH   SOLE 299,120 0 0
INTERNET PATENTS CORP COM 46063g101 1,290 357,132 SH   SOLE 357,132 0 0
INTL FCSTONE INC COM 46116v105 8,703 498,741 SH   SOLE 498,741 0 0
INVENTURE FOODS INC COM 461212102 3,726 445,700 SH   SOLE 445,700 0 0
INVESCO LTD SHS g491bt108 3,386 106,471 SH   SOLE 106,471 0 0
ISHARES TR S&P500 GRW 464287309 12,737 151,613 SH   SOLE 151,613 0 0
ISHARES TR BARCLYS 1-3 YR 464287457 3,154 37,421 SH   SOLE 37,421 0 0
ITT CORP NEW COM NEW 450911201 1,132 38,495 SH   SOLE 38,495 0 0
J & J SNACK FOODS CORP COM 466032109 6,038 77,605 SH   SOLE 77,605 0 0
JAMBA INC COM NEW 47023a309 1,738 116,440 SH   SOLE 116,440 0 0
JMP GROUP INC COM 46629U107 2,478 373,238 SH   SOLE 373,238 0 0
JOHNSON & JOHNSON COM 478160104 3,322 38,695 SH   SOLE 38,695 0 0
JOURNAL COMMUNICATIONS INC CL A 481130102 3,509 468,541 SH   SOLE 468,541 0 0
JPMORGAN CHASE & CO COM 46625h100 3,702 70,121 SH   SOLE 70,121 0 0
KIRKLANDS INC COM 497498105 1,025 59,400 SH   SOLE 59,400 0 0
LITHIA MTRS INC CL A 536797103 7,053 132,307 SH   SOLE 132,307 0 0
MADDEN STEVEN LTD COM 556269108 4,248 87,805 SH   SOLE 87,805 0 0
MADISON CVRED CALL & EQ STR COM 557437100 6,714 846,647 SH   SOLE 846,647 0 0
MAGELLAN HEALTH SVCS INC COM NEW 559079207 4,348 77,534 SH   SOLE 77,534 0 0
MATERIAL SCIENCES CORP COM 576674105 4,642 461,421 SH   SOLE 461,421 0 0
MEDTRONIC INC COM 585055106 935 18,164 SH   SOLE 18,164 0 0
MESA LABS INC COM 59064r109 2,165 39,993 SH   SOLE 39,993 0 0
MICROFINANCIAL INC COM 595072109 2,537 323,190 SH   SOLE 323,190 0 0
MICROSOFT CORP COM 594918104 3,184 92,163 SH   SOLE 92,163 0 0
MOCON INC COM 607494101 2,134 157,500 SH   SOLE 157,500 0 0
MONOTYPE IMAGING HOLDINGS IN COM 61022p100 4,234 166,613 SH   SOLE 166,613 0 0
MOVE INC COM NEW 62458m207 3,353 261,562 SH   SOLE 261,562 0 0
NATHANS FAMOUS INC NEW COM 632347100 1,557 29,800 SH   SOLE 29,800 0 0
NATIONAL AMERN UNIV HLDGS IN COM 63245q105 953 254,798 SH   SOLE 254,798 0 0
NATIONAL RESH CORP CL A 637372202 1,109 61,586 SH   SOLE 61,586 0 0
NATURAL GAS SERVICES GROUP COM 63886q109 8,134 346,263 SH   SOLE 346,263 0 0
NAUTILUS INC COM 63910b102 6,211 714,720 SH   SOLE 714,720 0 0
NCR CORP NEW COM 62886e108 2,341 70,974 SH   SOLE 70,974 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190a103 2,683 556,666 SH   SOLE 556,666 0 0
NOVARTIS A G SPONSORED ADR 66987v109 2,146 30,343 SH   SOLE 30,343 0 0
NUVEEN BUILD AMER BD FD COM 67074c103 2,583 133,420 SH   SOLE 133,420 0 0
NVE CORP COM NEW 629445206 2,503 53,459 SH   SOLE 53,459 0 0
OFFICIAL PMTS HLDGS INC COM 67623r106 2,042 298,110 SH   SOLE 298,110 0 0
OTTER TAIL CORP COM 689648103 2,883 101,512 SH   SOLE 101,512 0 0
PHOTRONICS INC COM 719405102 3,996 495,780 SH   SOLE 495,780 0 0
PROCTER & GAMBLE CO COM 742718109 3,821 49,634 SH   SOLE 49,634 0 0
PSYCHEMEDICS CORP COM NEW 744375205 2,256 210,090 SH   SOLE 210,090 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 3,838 717,373 SH   SOLE 717,373 0 0
PZENA INVESTMENT MGMT INC CLASS A 74731q103 8,354 1,281,349 SH   SOLE 1,281,349 0 0
REDWOOD TR INC COM 758075402 3,091 181,832 SH   SOLE 181,832 0 0
REIS INC COM 75936p105 3,656 197,725 SH   SOLE 197,725 0 0
REPUBLIC SVCS INC COM 760759100 2,548 75,081 SH   SOLE 75,081 0 0
RIGNET INC COM 766582100 2,719 106,700 SH   SOLE 106,700 0 0
ROCKVILLE FINL INC NEW COM 774188106 4,634 354,316 SH   SOLE 354,316 0 0
ROCKY BRANDS INC COM 774515100 1,629 107,765 SH   SOLE 107,765 0 0
ROUSE PPTYS INC COM 779287101 4,659 237,463 SH   SOLE 237,463 0 0
ROYCE MICRO-CAP TR INC COM 780915104 950 87,844 SH   SOLE 87,844 0 0
ROYCE VALUE TR INC COM 780910105 1,847 121,846 SH   SOLE 121,846 0 0
SALEM COMMUNICATIONS CORP DE CL A 794093104 3,051 407,300 SH   SOLE 407,300 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 2,578 165,480 SH   SOLE 165,480 0 0
SELECT INCOME REIT COM SH BEN INT 81618t100 4,465 159,254 SH   SOLE 159,254 0 0
SIMULATIONS PLUS INC COM 829214105 3,044 729,963 SH   SOLE 729,963 0 0
SOLAR CAP LTD COM 83413u100 3,364 145,694 SH   SOLE 145,694 0 0
STANDARD PARKING CORP COM 853790103 4,649 216,622 SH   SOLE 216,622 0 0
SYNERGETICS USA INC COM 87160G107 4,570 1,159,801 SH   SOLE 1,159,801 0 0
SYNERON MEDICAL LTD ORD SHS m87245102 4,948 568,718 SH   SOLE 568,718 0 0
SYNTEL INC COM 87162h103 3,337 53,083 SH   SOLE 53,083 0 0
TARGET CORP COM 87612e106 2,690 39,061 SH   SOLE 39,061 0 0
TECHTARGET INC COM 87874R100 2,456 549,353 SH   SOLE 549,353 0 0
TGC INDS INC COM NEW 872417308 7,255 882,657 SH   SOLE 882,657 0 0
THE ADT CORPORATION COM 00101j106 1,527 38,306 SH   SOLE 38,306 0 0
TREE COM INC COM 894675107 3,069 179,069 SH   SOLE 179,069 0 0
TRUEBLUE INC COM 89785x101 5,980 284,091 SH   SOLE 284,091 0 0
U S PHYSICAL THERAPY INC COM 90337l108 5,318 192,384 SH   SOLE 192,384 0 0
UFP TECHNOLOGIES INC COM 902673102 2,212 112,971 SH   SOLE 112,971 0 0
UNITED INS HLDGS CORP COM 910710102 1,852 265,000 SH   SOLE 265,000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 2,095 22,543 SH   SOLE 22,543 0 0
USA MOBILITY INC COM 90341g103 7,102 523,364 SH   SOLE 523,364 0 0
VANGUARD INDEX FDS GROWTH ETF 922908736 325 4,155 SH   SOLE 4,155 0 0
VERIZON COMMUNICATIONS INC COM 92343v104 2,329 46,260 SH   SOLE 46,260 0 0
VIRTUS INVT PARTNERS INC COM 92828Q109 1,102 6,250 SH   SOLE 6,250 0 0
WASTE MGMT INC DEL COM 94106l109 2,988 74,091 SH   SOLE 74,091 0 0
WELLPOINT INC COM 94973v107 2,378 29,057 SH   SOLE 29,057 0 0
WESTERN UN CO COM 959802109 2,046 119,606 SH   SOLE 119,606 0 0
WESTWOOD HLDGS GROUP INC COM 961765104 4,348 101,300 SH   SOLE 101,300 0 0
XCEL ENERGY INC COM 98389b100 2,397 84,583 SH   SOLE 84,583 0 0
XYLEM INC COM 98419m100 1,901 70,563 SH   SOLE 70,563 0 0
ZIX CORP COM 98974P100 2,288 541,000 SH   SOLE 541,000 0 0