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 1,610 13,479 SH   SOLE 13,479 0 0
A H BELO CORP COM CL A 001282102 4,783 609,357 SH   SOLE 609,357 0 0
ACCELRYS INC COM 00430u103 2,953 300,104 SH   SOLE 300,104 0 0
ACCENTURE PLC IRELAND SHS CLASS A g1151c101 2,382 32,351 SH   SOLE 32,351 0 0
ACTUATE CORP COM 00508b102 6,963 947,338 SH   SOLE 947,338 0 0
AGILYSYS INC COM 00847J105 1,396 117,095 SH   SOLE 117,095 0 0
ALAMO GROUP INC COM 011311107 3,025 61,854 SH   SOLE 61,854 0 0
ALERE INC COM 01449j105 420 13,750 SH   SOLE 13,750 0 0
ALLEGIANT TRAVEL CO COM 01748x102 240 2,281 SH   SOLE 2,281 0 0
ALTISOURCE PORTFOLIO SOLNS S REG SHS l0175j104 8,987 64,185 SH   SOLE 64,185 0 0
ALTISOURCE RESIDENTIAL CORP CL B 02153w100 2,842 123,676 SH   SOLE 123,676 0 0
AMERCO COM 023586100 3,278 17,803 SH   SOLE 17,803 0 0
AMERIPRISE FINL INC COM 03076c106 4,141 45,464 SH   SOLE 45,464 0 0
ARBOR RLTY TR INC COM 038923108 3,352 494,438 SH   SOLE 494,438 0 0
ASCENT CAP GROUP INC COM SER A 043632108 7,848 97,345 SH   SOLE 97,345 0 0
ASTEX PHARMACEUTICALS INC COM 04624b103 122 14,330 SH   SOLE 14,330 0 0
AVIAT NETWORKS INC COM 05366y102 75 29,260 SH   SOLE 29,260 0 0
AWARE INC MASS COM 05453N100 1,052 192,583 SH   SOLE 192,583 0 0
BALCHEM CORP COM 057665200 373 7,210 SH   SOLE 7,210 0 0
BARRETT BUSINESS SERVICES IN COM 068463108 942 14,000 SH   SOLE 14,000 0 0
BARRY R G CORP OHIO COM 068798107 2,931 155,000 SH   SOLE 155,000 0 0
BEBE STORES INC COM 075571109 139 22,830 SH   SOLE 22,830 0 0
BLACKROCK INTL GRWTH & INC T COM BENE INTER 092524107 6,195 804,501 SH   SOLE 804,501 0 0
BLACKROCK RES & COMM STRAT T SHS 09257a108 3,905 337,242 SH   SOLE 337,242 0 0
BLACKSTONE MTG TR INC COM CL A 09257w100 2,634 104,555 SH   SOLE 104,555 0 0
BOEING CO COM 097023105 4,079 34,715 SH   SOLE 34,715 0 0
BOLT TECHNOLOGY CORP COM 097698104 2,653 147,000 SH   SOLE 147,000 0 0
BSB BANCORP INC MD COM 05573h108 2,296 163,880 SH   SOLE 163,880 0 0
CALAMOS STRATEGIC TOTL RETN COM SH BEN INT 128125101 4,166 416,598 SH   SOLE 416,598 0 0
CALAVO GROWERS INC COM 128246105 2,997 99,115 SH   SOLE 99,115 0 0
CALLAWAY GOLF CO COM 131193104 4,716 662,314 SH   SOLE 662,314 0 0
CARLISLE COS INC COM 142339100 337 4,790 SH   SOLE 4,790 0 0
CARMIKE CINEMAS INC COM 143436400 9,128 413,390 SH   SOLE 413,390 0 0
CASCADE MICROTECH INC COM 147322101 695 77,470 SH   SOLE 77,470 0 0
CENTURYLINK INC COM 156700106 5,233 166,759 SH   SOLE 166,759 0 0
CHEMTURA CORP COM NEW 163893209 331 14,390 SH   SOLE 14,390 0 0
CHEROKEE INC DEL NEW COM 16444h102 2,921 224,500 SH   SOLE 224,500 0 0
CHIMERA INVT CORP COM 16934q109 55 18,210 SH   SOLE 18,210 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941m109 1,966 34,834 SH   SOLE 34,834 0 0
CIFC CORP COM 12547r105 1,005 127,329 SH   SOLE 127,329 0 0
CINCINNATI BELL INC NEW COM 171871106 2,363 868,637 SH   SOLE 868,637 0 0
CINTAS CORP COM 172908105 4,237 82,759 SH   SOLE 82,759 0 0
CLOUGH GLOBAL ALLOCATION FD COM 18913y103 198 13,000 SH   SOLE 13,000 0 0
CLOUGH GLOBAL EQUITY FD COM 18914c100 4,720 314,125 SH   SOLE 314,125 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914e106 4,244 329,792 SH   SOLE 329,792 0 0
COCA COLA CO COM 191216100 2,128 56,180 SH   SOLE 56,180 0 0
COHEN & STEERS CLOSED END OP COM 19248p106 3,672 297,584 SH   SOLE 297,584 0 0
COHEN & STEERS INFRASTRUCTUR COM 19248a109 6,364 322,369 SH   SOLE 322,369 0 0
CORENERGY INFRASTRUCTURE TR COM 21870u205 3,916 559,436 SH   SOLE 559,436 0 0
COURIER CORP COM 222660102 2,594 164,000 SH   SOLE 164,000 0 0
CVS CAREMARK CORPORATION COM 126650100 3,407 60,042 SH   SOLE 60,042 0 0
DARLING INTL INC COM 237266101 351 16,580 SH   SOLE 16,580 0 0
DATALINK CORP COM 237934104 6,501 480,850 SH   SOLE 480,850 0 0
DATAWATCH CORP COM NEW 237917208 6,286 225,300 SH   SOLE 225,300 0 0
DAWSON GEOPHYSICAL CO COM 239359102 2,652 81,668 SH   SOLE 81,668 0 0
DEERE & CO COM 244199105 2,344 28,799 SH   SOLE 28,799 0 0
DESTINATION XL GROUP INC COM 25065k104 11,166 1,725,788 SH   SOLE 1,725,788 0 0
DIAMOND HILL INVESTMENT GROU COM NEW 25264R207 1,294 12,100 SH   SOLE 12,100 0 0
DICE HLDGS INC COM 253017107 2,492 292,815 SH   SOLE 292,815 0 0
DOUGLAS DYNAMICS INC COM 25960r105 5,401 366,661 SH   SOLE 366,661 0 0
DST SYS INC DEL COM 233326107 3,140 41,634 SH   SOLE 41,634 0 0
DSW INC CL A 23334l102 5,684 66,625 SH   SOLE 66,625 0 0
EARTHSTONE ENERGY INC COM NEW 27032d205 485 28,500 SH   SOLE 28,500 0 0
EASTERN CO COM 276317104 485 30,000 SH   SOLE 30,000 0 0
EATON VANCE ENHANCED EQ INC COM 278274105 4,329 358,991 SH   SOLE 358,991 0 0
EATON VANCE TAX ADVT DIV INC COM 27828g107 3,676 204,104 SH   SOLE 204,104 0 0
ECOLAB INC COM 278865100 790 8,000 SH   SOLE 8,000 0 0
ELECTRO RENT CORP COM 285218103 3,035 167,297 SH   SOLE 167,297 0 0
ELLIE MAE INC COM 28849p100 3,508 109,600 SH   SOLE 109,600 0 0
ENSTAR GROUP LIMITED SHS g3075p101 4,599 33,667 SH   SOLE 33,667 0 0
ENTROPIC COMMUNICATIONS INC COM 29384r105 117 26,870 SH   SOLE 26,870 0 0
ESTERLINE TECHNOLOGIES CORP COM 297425100 209 2,620 SH   SOLE 2,620 0 0
EXXON MOBIL CORP COM 30231g102 2,730 31,727 SH   SOLE 31,727 0 0
FARMERS NATL BANC CORP COM 309627107 1,037 164,369 SH   SOLE 164,369 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 2,964 90,794 SH   SOLE 90,794 0 0
FIRST NIAGARA FINL GP INC COM 33582v108 183 17,620 SH   SOLE 17,620 0 0
FISERV INC COM 337738108 3,415 33,794 SH   SOLE 33,794 0 0
FIVE STAR QUALITY CARE INC COM 33832d106 8,530 1,649,960 SH   SOLE 1,649,960 0 0
FLEXSTEEL INDS INC COM 339382103 2,582 103,404 SH   SOLE 103,404 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 3,478 206,177 SH   SOLE 206,177 0 0
FRANKLIN COVEY CO COM 353469109 11,525 642,069 SH   SOLE 642,069 0 0
GABELLI DIVD & INCOME TR COM 36242h104 6,607 332,334 SH   SOLE 332,334 0 0
GDL FUND COM SH BEN IT 361570104 6,527 578,660 SH   SOLE 578,660 0 0
GENTHERM INC COM 37253a103 3,389 177,540 SH   SOLE 177,540 0 0
GILDAN ACTIVEWEAR INC COM 375916103 278 5,990 SH   SOLE 5,990 0 0
GOODRICH PETE CORP COM NEW 382410405 265 10,930 SH   SOLE 10,930 0 0
GREAT LAKES DREDGE & DOCK CO COM 390607109 259 34,897 SH   SOLE 34,897 0 0
GSI GROUP INC CDA NEW COM NEW 36191c205 3,193 334,728 SH   SOLE 334,728 0 0
HACKETT GROUP INC COM 404609109 6,612 927,334 SH   SOLE 927,334 0 0
HALLMARK FINL SVCS INC EC COM NEW 40624q203 2,288 258,000 SH   SOLE 258,000 0 0
HANGER INC COM NEW 41043f208 4,578 135,593 SH   SOLE 135,593 0 0
HARMAN INTL INDS INC COM 413086109 289 4,360 SH   SOLE 4,360 0 0
HARVARD BIOSCIENCE INC COM 416906105 2,407 457,551 SH   SOLE 457,551 0 0
HCI GROUP INC COM 40416e103 3,610 88,400 SH   SOLE 88,400 0 0
HOME LN SERVICING SOLUTIONS ORD SHS g6648d109 9,046 410,972 SH   SOLE 410,972 0 0
HONG KONG TELEVISION NETWK L SPONSORED ADR 43858g107 3,433 557,330 SH   SOLE 557,330 0 0
HOOKER FURNITURE CORP COM 439038100 3,840 256,870 SH   SOLE 256,870 0 0
HORMEL FOODS CORP COM 440452100 3,554 84,376 SH   SOLE 84,376 0 0
HOUSTON WIRE & CABLE CO COM 44244k109 1,365 101,500 SH   SOLE 101,500 0 0
HURON CONSULTING GROUP INC COM 447462102 298 5,660 SH   SOLE 5,660 0 0
ICONIX BRAND GROUP INC COM 451055107 250 7,510 SH   SOLE 7,510 0 0
INCONTACT INC COM 45336E109 2,468 299,120 SH   SOLE 299,120 0 0
INNOPHOS HOLDINGS INC COM 45774n108 234 4,440 SH   SOLE 4,440 0 0
INNOSPEC INC COM 45768s105 398 8,540 SH   SOLE 8,540 0 0
INTERNET PATENTS CORP COM 46063g101 968 302,539 SH   SOLE 302,539 0 0
INTL FCSTONE INC COM 46116v105 10,281 502,756 SH   SOLE 502,756 0 0
INVENTURE FOODS INC COM 461212102 4,113 391,700 SH   SOLE 391,700 0 0
INVESCO LTD SHS g491bt108 3,294 103,267 SH   SOLE 103,267 0 0
INVESTORS TITLE CO COM 461804106 969 12,900 SH   SOLE 12,900 0 0
ISHARES 1-3 YR TR BD ETF 464287457 738 8,735 SH   SOLE 8,735 0 0
ISHARES S&P 500 GRWT ETF 464287309 13,487 150,932 SH   SOLE 150,932 0 0
ITT CORP NEW COM NEW 450911201 1,788 49,739 SH   SOLE 49,739 0 0
J & J SNACK FOODS CORP COM 466032109 6,336 78,493 SH   SOLE 78,493 0 0
JAMBA INC COM NEW 47023a309 1,943 145,240 SH   SOLE 145,240 0 0
JMP GROUP INC COM 46629U107 2,281 368,574 SH   SOLE 368,574 0 0
JOHNSON & JOHNSON COM 478160104 3,297 38,027 SH   SOLE 38,027 0 0
JOURNAL COMMUNICATIONS INC CL A 481130102 6,833 799,226 SH   SOLE 799,226 0 0
JPMORGAN CHASE & CO COM 46625h100 3,561 68,885 SH   SOLE 68,885 0 0
KIRKLANDS INC COM 497498105 1,225 66,450 SH   SOLE 66,450 0 0
LITHIA MTRS INC CL A 536797103 8,891 121,859 SH   SOLE 121,859 0 0
LSB INDS INC COM 502160104 357 10,660 SH   SOLE 10,660 0 0
MADDEN STEVEN LTD COM 556269108 4,714 87,572 SH   SOLE 87,572 0 0
MADISON CVRED CALL & EQ STR COM 557437100 7,371 929,558 SH   SOLE 929,558 0 0
MAGELLAN HEALTH SVCS INC COM NEW 559079207 4,694 78,278 SH   SOLE 78,278 0 0
MARKETAXESS HLDGS INC COM 57060d108 251 4,180 SH   SOLE 4,180 0 0
MATERIAL SCIENCES CORP COM 576674105 4,328 461,421 SH   SOLE 461,421 0 0
MEDTRONIC INC COM 585055106 967 18,164 SH   SOLE 18,164 0 0
MESA LABS INC COM 59064r109 2,423 35,841 SH   SOLE 35,841 0 0
MICROFINANCIAL INC COM 595072109 2,630 333,790 SH   SOLE 333,790 0 0
MICROSOFT CORP COM 594918104 3,005 90,295 SH   SOLE 90,295 0 0
MOCON INC COM 607494101 2,155 157,500 SH   SOLE 157,500 0 0
MONOTYPE IMAGING HOLDINGS IN COM 61022p100 4,827 168,433 SH   SOLE 168,433 0 0
MOVE INC COM NEW 62458m207 4,475 263,868 SH   SOLE 263,868 0 0
NATHANS FAMOUS INC NEW COM 632347100 1,557 29,500 SH   SOLE 29,500 0 0
NATIONAL AMERN UNIV HLDGS IN COM 63245q105 882 257,149 SH   SOLE 257,149 0 0
NATURAL GAS SERVICES GROUP COM 63886q109 9,332 347,940 SH   SOLE 347,940 0 0
NAUTILUS INC COM 63910b102 8,317 1,151,895 SH   SOLE 1,151,895 0 0
NCR CORP NEW COM 62886e108 2,781 70,199 SH   SOLE 70,199 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190a103 3,457 764,817 SH   SOLE 764,817 0 0
NOVARTIS A G SPONSORED ADR 66987v109 2,289 29,835 SH   SOLE 29,835 0 0
NUVEEN BUILD AMER BD FD COM 67074c103 4,136 228,870 SH   SOLE 228,870 0 0
OFFICIAL PMTS HLDGS INC COM 67623r106 2,819 338,771 SH   SOLE 338,771 0 0
OMNICELL INC COM 68213n109 251 10,600 SH   SOLE 10,600 0 0
OSI SYSTEMS INC COM 671044105 703 9,450 SH   SOLE 9,450 0 0
OTTER TAIL CORP COM 689648103 2,528 91,603 SH   SOLE 91,603 0 0
PETROQUEST ENERGY INC COM 716748108 86 21,502 SH   SOLE 21,502 0 0
PHOTRONICS INC COM 719405102 3,970 506,434 SH   SOLE 506,434 0 0
PILGRIMS PRIDE CORP NEW COM 72147k108 301 17,920 SH   SOLE 17,920 0 0
PROCTER & GAMBLE CO COM 742718109 3,691 48,824 SH   SOLE 48,824 0 0
PSYCHEMEDICS CORP COM NEW 744375205 2,612 197,100 SH   SOLE 197,100 0 0
PTC INC COM 69370c100 202 7,110 SH   SOLE 7,110 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 4,356 828,135 SH   SOLE 828,135 0 0
PZENA INVESTMENT MGMT INC CLASS A 74731q103 9,470 1,396,828 SH   SOLE 1,396,828 0 0
REDWOOD TR INC COM 758075402 3,906 198,358 SH   SOLE 198,358 0 0
REIS INC COM 75936p105 3,699 229,000 SH   SOLE 229,000 0 0
REPUBLIC SVCS INC COM 760759100 2,458 73,692 SH   SOLE 73,692 0 0
RIGNET INC COM 766582100 6,101 168,670 SH   SOLE 168,670 0 0
ROCKVILLE FINL INC NEW COM 774188106 6,438 495,251 SH   SOLE 495,251 0 0
ROCKY BRANDS INC COM 774515100 2,004 115,086 SH   SOLE 115,086 0 0
ROSETTA RESOURCES INC COM 777779307 223 4,100 SH   SOLE 4,100 0 0
ROUSE PPTYS INC COM 779287101 4,957 240,874 SH   SOLE 240,874 0 0
ROYCE MICRO-CAP TR INC COM 780915104 1,018 86,903 SH   SOLE 86,903 0 0
ROYCE VALUE TR INC COM 780910105 2,005 124,455 SH   SOLE 124,455 0 0
RUE21 INC COM 781295100 225 5,580 SH   SOLE 5,580 0 0
SALEM COMMUNICATIONS CORP DE CL A 794093104 3,685 445,000 SH   SOLE 445,000 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 5,103 278,103 SH   SOLE 278,103 0 0
SELECT INCOME REIT COM SH BEN INT 81618t100 4,479 173,608 SH   SOLE 173,608 0 0
SHILOH INDS INC COM 824543102 1,372 104,743 SH   SOLE 104,743 0 0
SILGAN HOLDINGS INC COM 827048109 222 4,730 SH   SOLE 4,730 0 0
SIMULATIONS PLUS INC COM 829214105 3,511 729,963 SH   SOLE 729,963 0 0
SKECHERS U S A INC CL A 830566105 246 7,910 SH   SOLE 7,910 0 0
SOLAR CAP LTD COM 83413u100 3,521 158,727 SH   SOLE 158,727 0 0
STANDARD PARKING CORP COM 853790103 3,993 148,497 SH   SOLE 148,497 0 0
STONERIDGE INC COM 86183p102 159 14,670 SH   SOLE 14,670 0 0
SURMODICS INC COM 868873100 204 8,570 SH   SOLE 8,570 0 0
SYNERGETICS USA INC COM 87160G107 5,328 1,171,081 SH   SOLE 1,171,081 0 0
SYNERON MEDICAL LTD ORD SHS m87245102 4,940 573,108 SH   SOLE 573,108 0 0
SYNTEL INC COM 87162h103 4,303 53,721 SH   SOLE 53,721 0 0
TARGET CORP COM 87612e106 2,465 38,521 SH   SOLE 38,521 0 0
TECHTARGET INC COM 87874R100 2,749 551,994 SH   SOLE 551,994 0 0
TGC INDS INC COM NEW 872417308 8,439 1,069,570 SH   SOLE 1,069,570 0 0
THE ADT CORPORATION COM 00101j106 1,547 38,046 SH   SOLE 38,046 0 0
TRACTOR SUPPLY CO COM 892356106 300 4,460 SH   SOLE 4,460 0 0
TREE COM INC COM 894675107 3,965 151,000 SH   SOLE 151,000 0 0
TRUEBLUE INC COM 89785x101 5,789 241,108 SH   SOLE 241,108 0 0
U S PHYSICAL THERAPY INC COM 90337l108 6,233 200,534 SH   SOLE 200,534 0 0
UFP TECHNOLOGIES INC COM 902673102 2,572 112,971 SH   SOLE 112,971 0 0
UNITED INS HLDGS CORP COM 910710102 2,340 265,000 SH   SOLE 265,000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 2,376 22,034 SH   SOLE 22,034 0 0
UNIVERSAL ELECTRS INC COM 913483103 360 9,980 SH   SOLE 9,980 0 0
USA MOBILITY INC COM 90341g103 7,582 535,417 SH   SOLE 535,417 0 0
VANGUARD INDEX FDS GROWTH ETF 922908736 342 4,047 SH   SOLE 4,047 0 0
VERIZON COMMUNICATIONS INC COM 92343v104 2,122 45,470 SH   SOLE 45,470 0 0
WASTE MGMT INC DEL COM 94106l109 2,992 72,560 SH   SOLE 72,560 0 0
WELLPOINT INC COM 94973v107 2,392 28,607 SH   SOLE 28,607 0 0
WENDYS CO COM 95058w100 195 22,860 SH   SOLE 22,860 0 0
WEST MARINE INC COM 954235107 902 74,438 SH   SOLE 74,438 0 0
WESTERN UN CO COM 959802109 2,234 119,735 SH   SOLE 119,735 0 0
WESTWOOD HLDGS GROUP INC COM 961765104 4,914 102,269 SH   SOLE 102,269 0 0
WOODWARD INC COM 980745103 252 6,130 SH   SOLE 6,130 0 0
WORLD FUEL SVCS CORP COM 981475106 358 9,600 SH   SOLE 9,600 0 0
WRIGHT MED GROUP INC COM 98235t107 241 9,280 SH   SOLE 9,280 0 0
XCEL ENERGY INC COM 98389b100 2,556 92,558 SH   SOLE 92,558 0 0
ZIX CORP COM 98974P100 2,898 591,500 SH   SOLE 591,500 0 0