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 1,780 12,689 SH   SOLE 12,689 0 0
A H BELO CORP COM CL A 001282102 5,436 727,700 SH   SOLE 727,700 0 0
ACCELRYS INC COM 00430u103 3,287 344,575 SH   SOLE 344,575 0 0
ACCENTURE PLC IRELAND SHS CLASS A g1151c101 2,616 31,821 SH   SOLE 31,821 0 0
ACTUATE CORP COM 00508b102 7,795 1,011,005 SH   SOLE 1,011,005 0 0
AGILYSYS INC COM 00847J105 3,248 233,300 SH   SOLE 233,300 0 0
ALAMO GROUP INC COM 011311107 4,323 71,235 SH   SOLE 71,235 0 0
ALTISOURCE PORTFOLIO SOLNS S REG SHS l0175j104 10,390 65,495 SH   SOLE 65,495 0 0
ALTISOURCE RESIDENTIAL CORP CL B 02153w100 3,838 127,468 SH   SOLE 127,468 0 0
AMERCO COM 023586100 4,181 17,581 SH   SOLE 17,581 0 0
AMERIPRISE FINL INC COM 03076c106 4,990 43,371 SH   SOLE 43,371 0 0
ARBOR RLTY TR INC COM 038923108 3,293 494,438 SH   SOLE 494,438 0 0
ARES COML REAL ESTATE CORP COM 04013V108 650 49,600 SH   SOLE 49,600 0 0
ASCENT CAP GROUP INC COM SER A 043632108 9,549 111,605 SH   SOLE 111,605 0 0
AWARE INC MASS COM 05453N100 1,332 218,000 SH   SOLE 218,000 0 0
AXCELIS TECHNOLOGIES INC COM 054540109 1,218 499,000 SH   SOLE 499,000 0 0
BARRETT BUSINESS SERVICES IN COM 068463108 1,298 14,000 SH   SOLE 14,000 0 0
BARRY R G CORP OHIO COM 068798107 2,992 155,000 SH   SOLE 155,000 0 0
BLACKROCK INTL GRWTH & INC T COM BENE INTER 092524107 6,714 825,809 SH   SOLE 825,809 0 0
BLACKROCK MUN TARGET TERM TR COM SHS BEN IN 09257p105 535 31,245 SH   SOLE 31,245 0 0
BLACKROCK RES & COMM STRAT T SHS 09257a108 4,886 421,588 SH   SOLE 421,588 0 0
BLACKSTONE MTG TR INC COM CL A 09257w100 3,031 111,707 SH   SOLE 111,707 0 0
BOEING CO COM 097023105 4,554 33,365 SH   SOLE 33,365 0 0
BOLT TECHNOLOGY CORP COM 097698104 3,235 147,000 SH   SOLE 147,000 0 0
BSB BANCORP INC MD COM 05573h108 2,478 164,230 SH   SOLE 164,230 0 0
CALAMOS STRATEGIC TOTL RETN COM SH BEN INT 128125101 4,769 437,933 SH   SOLE 437,933 0 0
CALAVO GROWERS INC COM 128246105 3,455 114,181 SH   SOLE 114,181 0 0
CALLAWAY GOLF CO COM 131193104 9,112 1,080,875 SH   SOLE 1,080,875 0 0
CARMIKE CINEMAS INC COM 143436400 12,165 436,950 SH   SOLE 436,950 0 0
CASCADE MICROTECH INC COM 147322101 1,873 200,951 SH   SOLE 200,951 0 0
CENTURYLINK INC COM 156700106 5,618 176,377 SH   SOLE 176,377 0 0
CHEROKEE INC DEL NEW COM 16444h102 3,834 277,805 SH   SOLE 277,805 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941m109 1,786 34,148 SH   SOLE 34,148 0 0
CIFC CORP COM 12547r105 1,323 170,000 SH   SOLE 170,000 0 0
CINCINNATI BELL INC NEW COM 171871106 3,567 1,001,845 SH   SOLE 1,001,845 0 0
CINTAS CORP COM 172908105 4,864 81,619 SH   SOLE 81,619 0 0
CLOUGH GLOBAL ALLOCATION FD COM 18913y103 200 13,000 SH   SOLE 13,000 0 0
CLOUGH GLOBAL EQUITY FD COM 18914c100 5,071 322,770 SH   SOLE 322,770 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914e106 4,703 359,861 SH   SOLE 359,861 0 0
COCA COLA CO COM 191216100 2,321 56,180 SH   SOLE 56,180 0 0
COHEN & STEERS CLOSED END OP COM 19248p106 3,807 302,888 SH   SOLE 302,888 0 0
COHEN & STEERS INFRASTRUCTUR COM 19248a109 6,795 329,850 SH   SOLE 329,850 0 0
CORENERGY INFRASTRUCTURE TR COM 21870u205 4,508 633,108 SH   SOLE 633,108 0 0
COURIER CORP COM 222660102 2,967 164,000 SH   SOLE 164,000 0 0
CVS CAREMARK CORPORATION COM 126650100 4,234 59,153 SH   SOLE 59,153 0 0
DATALINK CORP COM 237934104 5,622 515,780 SH   SOLE 515,780 0 0
DATAWATCH CORP COM NEW 237917208 7,177 211,040 SH   SOLE 211,040 0 0
DAWSON GEOPHYSICAL CO COM 239359102 3,169 93,710 SH   SOLE 93,710 0 0
DEERE & CO COM 244199105 2,788 30,527 SH   SOLE 30,527 0 0
DESTINATION XL GROUP INC COM 25065k104 12,224 1,869,130 SH   SOLE 1,869,130 0 0
DIAMOND HILL INVESTMENT GROU COM NEW 25264R207 1,432 12,100 SH   SOLE 12,100 0 0
DICE HLDGS INC COM 253017107 2,469 340,530 SH   SOLE 340,530 0 0
DOUGLAS DYNAMICS INC COM 25960r105 6,875 408,760 SH   SOLE 408,760 0 0
DST SYS INC DEL COM 233326107 3,706 40,843 SH   SOLE 40,843 0 0
DSW INC CL A 23334l102 4,857 113,674 SH   SOLE 113,674 0 0
EASTERN CO COM 276317104 478 30,000 SH   SOLE 30,000 0 0
EATON VANCE ENHANCED EQ INC COM 278274105 4,843 372,543 SH   SOLE 372,543 0 0
EATON VANCE TAX ADVT DIV INC COM 27828g107 4,791 251,896 SH   SOLE 251,896 0 0
ECOLAB INC COM 278865100 834 8,000 SH   SOLE 8,000 0 0
ELECTRO RENT CORP COM 285218103 3,026 163,372 SH   SOLE 163,372 0 0
ELLIE MAE INC COM 28849p100 2,652 98,700 SH   SOLE 98,700 0 0
ENSTAR GROUP LIMITED SHS g3075p101 5,531 39,817 SH   SOLE 39,817 0 0
EXXON MOBIL CORP COM 30231g102 3,167 31,298 SH   SOLE 31,298 0 0
FARMERS NATL BANC CORP COM 309627107 1,077 164,369 SH   SOLE 164,369 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 3,464 92,044 SH   SOLE 92,044 0 0
FISERV INC COM 337738108 3,899 66,037 SH   SOLE 66,037 0 0
FIVE STAR QUALITY CARE INC COM 33832d106 9,759 1,777,685 SH   SOLE 1,777,685 0 0
FLEXSTEEL INDS INC COM 339382103 3,178 103,404 SH   SOLE 103,404 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 3,130 202,872 SH   SOLE 202,872 0 0
FRANKLIN COVEY CO COM 353469109 13,819 695,120 SH   SOLE 695,120 0 0
GABELLI DIVD & INCOME TR COM 36242h104 6,136 276,770 SH   SOLE 276,770 0 0
GDL FUND COM SH BEN IT 361570104 6,543 593,771 SH   SOLE 593,771 0 0
GENTHERM INC COM 37253a103 5,492 204,840 SH   SOLE 204,840 0 0
GSI GROUP INC CDA NEW COM NEW 36191c205 4,309 383,322 SH   SOLE 383,322 0 0
HACKETT GROUP INC COM 404609109 6,219 1,001,430 SH   SOLE 1,001,430 0 0
HALLMARK FINL SVCS INC EC COM NEW 40624q203 2,297 258,575 SH   SOLE 258,575 0 0
HARVARD APPARATUS REGENER TE COM 41690a106 543 114,387 SH   SOLE 114,387 0 0
HARVARD BIOSCIENCE INC COM 416906105 2,150 457,551 SH   SOLE 457,551 0 0
HCI GROUP INC COM 40416e103 4,194 78,400 SH   SOLE 78,400 0 0
HERITAGE FINL GROUP INC COM 42726x102 1,021 53,038 SH   SOLE 53,038 0 0
HOME LN SERVICING SOLUTIONS ORD SHS g6648d109 9,784 425,932 SH   SOLE 425,932 0 0
HONG KONG TELEVISION NETWK L SPONSORED ADR 43858g107 5,808 643,847 SH   SOLE 643,847 0 0
HOOKER FURNITURE CORP COM 439038100 3,955 237,115 SH   SOLE 237,115 0 0
HORACE MANN EDUCATORS CORP N COM 440327104 4,443 140,874 SH   SOLE 140,874 0 0
HORMEL FOODS CORP COM 440452100 3,750 83,009 SH   SOLE 83,009 0 0
HOUSTON WIRE & CABLE CO COM 44244k109 1,358 101,500 SH   SOLE 101,500 0 0
HUTCHINSON TECHNOLOGY INC COM 448407106 37 11,500 SH   SOLE 11,500 0 0
IMAGE SENSING SYS INC COM 45244c104 302 61,107 SH   SOLE 61,107 0 0
INCONTACT INC COM 45336E109 2,336 299,120 SH   SOLE 299,120 0 0
INTERNET PATENTS CORP COM 46063g101 944 302,539 SH   SOLE 302,539 0 0
INTL FCSTONE INC COM 46116v105 10,256 554,637 SH   SOLE 554,637 0 0
INVENTURE FOODS INC COM 461212102 5,194 391,700 SH   SOLE 391,700 0 0
INVESCO LTD SHS g491bt108 3,679 101,059 SH   SOLE 101,059 0 0
INVESTORS TITLE CO COM 461804106 1,182 14,600 SH   SOLE 14,600 0 0
ISHARES S&P 500 GRWT ETF 464287309 14,808 149,952 SH   SOLE 149,952 0 0
ISHARES 1-3 YR TR BD ETF 464287457 582 6,895 SH   SOLE 6,895 0 0
ITT CORP NEW COM NEW 450911201 1,605 36,959 SH   SOLE 36,959 0 0
J & J SNACK FOODS CORP COM 466032109 8,008 90,394 SH   SOLE 90,394 0 0
JMP GROUP INC COM 46629U107 2,377 321,264 SH   SOLE 321,264 0 0
JOHNSON & JOHNSON COM 478160104 3,440 37,556 SH   SOLE 37,556 0 0
JOURNAL COMMUNICATIONS INC CL A 481130102 7,861 844,371 SH   SOLE 844,371 0 0
JPMORGAN CHASE & CO COM 46625h100 3,967 67,829 SH   SOLE 67,829 0 0
KIRKLANDS INC COM 497498105 2,087 88,150 SH   SOLE 88,150 0 0
LITHIA MTRS INC CL A 536797103 9,706 139,812 SH   SOLE 139,812 0 0
MACQUARIE INFRASTR CO LLC MEMBERSHIP INT 55608b105 2,805 51,542 SH   SOLE 51,542 0 0
MADDEN STEVEN LTD COM 556269108 5,370 146,751 SH   SOLE 146,751 0 0
MADISON CVRED CALL & EQ STR COM 557437100 7,982 977,010 SH   SOLE 977,010 0 0
MAGELLAN HEALTH SVCS INC COM NEW 559079207 5,387 89,915 SH   SOLE 89,915 0 0
MATERIAL SCIENCES CORP COM 576674105 5,449 461,421 SH   SOLE 461,421 0 0
MEDTRONIC INC COM 585055106 1,042 18,164 SH   SOLE 18,164 0 0
MESA LABS INC COM 59064r109 2,275 28,956 SH   SOLE 28,956 0 0
MICROFINANCIAL INC COM 595072109 2,854 333,790 SH   SOLE 333,790 0 0
MICROSOFT CORP COM 594918104 3,330 89,010 SH   SOLE 89,010 0 0
MOCON INC COM 607494101 3,687 233,350 SH   SOLE 233,350 0 0
MONOTYPE IMAGING HOLDINGS IN COM 61022p100 6,206 194,788 SH   SOLE 194,788 0 0
MOVE INC COM NEW 62458m207 4,838 302,556 SH   SOLE 302,556 0 0
NATHANS FAMOUS INC NEW COM 632347100 1,487 29,500 SH   SOLE 29,500 0 0
NATIONAL AMERN UNIV HLDGS IN COM 63245q105 900 257,149 SH   SOLE 257,149 0 0
NATURAL GAS SERVICES GROUP COM 63886q109 10,903 395,456 SH   SOLE 395,456 0 0
NAUTILUS INC COM 63910b102 11,293 1,339,675 SH   SOLE 1,339,675 0 0
NCR CORP NEW COM 62886e108 2,363 69,364 SH   SOLE 69,364 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190a103 3,905 899,810 SH   SOLE 899,810 0 0
NOVARTIS A G SPONSORED ADR 66987v109 2,360 29,357 SH   SOLE 29,357 0 0
NUVEEN BUILD AMER BD FD COM 67074c103 6,104 331,040 SH   SOLE 331,040 0 0
NUVEEN INTER DURATION MN TMF COM 670671106 2,613 226,996 SH   SOLE 226,996 0 0
NUVEEN PFD & INCOME TERM FD COM 67075a106 4,300 194,817 SH   SOLE 194,817 0 0
OTTER TAIL CORP COM 689648103 2,769 94,595 SH   SOLE 94,595 0 0
PHOTRONICS INC COM 719405102 5,182 573,853 SH   SOLE 573,853 0 0
PROCTER & GAMBLE CO COM 742718109 3,922 48,180 SH   SOLE 48,180 0 0
PSYCHEMEDICS CORP COM NEW 744375205 2,757 187,694 SH   SOLE 187,694 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 4,715 866,651 SH   SOLE 866,651 0 0
PZENA INVESTMENT MGMT INC CLASS A 74731q103 16,458 1,399,484 SH   SOLE 1,399,484 0 0
REDWOOD TR INC COM 758075402 3,985 205,708 SH   SOLE 205,708 0 0
REIS INC COM 75936p105 4,760 247,515 SH   SOLE 247,515 0 0
REPUBLIC SVCS INC COM 760759100 2,413 72,693 SH   SOLE 72,693 0 0
RIGNET INC COM 766582100 6,653 138,810 SH   SOLE 138,810 0 0
ROCKVILLE FINL INC NEW COM 774188106 8,700 612,240 SH   SOLE 612,240 0 0
ROCKY BRANDS INC COM 774515100 1,755 120,436 SH   SOLE 120,436 0 0
ROUSE PPTYS INC COM 779287101 9,016 406,294 SH   SOLE 406,294 0 0
ROYCE GLOBAL VALUE TR INC COM 78081t104 156 17,594 SH   SOLE 17,594 0 0
ROYCE MICRO-CAP TR INC COM 780915104 1,185 93,982 SH   SOLE 93,982 0 0
ROYCE VALUE TR INC COM 780910105 2,073 129,508 SH   SOLE 129,508 0 0
SALEM COMMUNICATIONS CORP DE CL A 794093104 3,872 445,000 SH   SOLE 445,000 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 6,922 318,713 SH   SOLE 318,713 0 0
SELECT INCOME REIT COM SH BEN INT 81618t100 4,776 178,617 SH   SOLE 178,617 0 0
SHILOH INDS INC COM 824543102 1,839 94,300 SH   SOLE 94,300 0 0
SIMULATIONS PLUS INC COM 829214105 3,540 701,024 SH   SOLE 701,024 0 0
SOLAR CAP LTD COM 83413u100 3,649 161,818 SH   SOLE 161,818 0 0
SP PLUS CORP COM 78469c103 4,438 170,432 SH   SOLE 170,432 0 0
STRATTEC SEC CORP COM 863111100 959 21,467 SH   SOLE 21,467 0 0
SUPREME INDS INC CL A 868607102 103 17,633 SH   SOLE 17,633 0 0
SYNERGETICS USA INC COM 87160G107 3,180 878,356 SH   SOLE 878,356 0 0
SYNERON MEDICAL LTD ORD SHS m87245102 7,694 625,567 SH   SOLE 625,567 0 0
SYNTEL INC COM 87162h103 4,351 47,845 SH   SOLE 47,845 0 0
TARGET CORP COM 87612e106 2,406 38,029 SH   SOLE 38,029 0 0
TECHTARGET INC COM 87874R100 4,016 585,384 SH   SOLE 585,384 0 0
TGC INDS INC COM NEW 872417308 8,635 1,182,904 SH   SOLE 1,182,904 0 0
THE ADT CORPORATION COM 00101j106 1,513 37,384 SH   SOLE 37,384 0 0
TREE COM INC COM 894675107 4,942 150,500 SH   SOLE 150,500 0 0
TRUEBLUE INC COM 89785x101 7,107 275,683 SH   SOLE 275,683 0 0
U S PHYSICAL THERAPY INC COM 90337l108 7,884 223,592 SH   SOLE 223,592 0 0
UFP TECHNOLOGIES INC COM 902673102 2,849 112,971 SH   SOLE 112,971 0 0
UNITED INS HLDGS CORP COM 910710102 2,915 207,000 SH   SOLE 207,000 0 0
UNITED TECHNOLOGIES CORP COM 913017109 2,470 21,705 SH   SOLE 21,705 0 0
USA MOBILITY INC COM 90341g103 8,511 596,001 SH   SOLE 596,001 0 0
VANGUARD INDEX FDS GROWTH ETF 922908736 377 4,047 SH   SOLE 4,047 0 0
VERIZON COMMUNICATIONS INC COM 92343v104 2,207 44,905 SH   SOLE 44,905 0 0
WASTE MGMT INC DEL COM 94106l109 3,193 71,162 SH   SOLE 71,162 0 0
WELLPOINT INC COM 94973v107 2,597 28,109 SH   SOLE 28,109 0 0
WEST MARINE INC COM 954235107 2,003 140,787 SH   SOLE 140,787 0 0
WESTERN UN CO COM 959802109 2,041 118,342 SH   SOLE 118,342 0 0
WESTWOOD HLDGS GROUP INC COM 961765104 7,118 114,975 SH   SOLE 114,975 0 0
XCEL ENERGY INC COM 98389b100 2,665 95,400 SH   SOLE 95,400 0 0
ZIX CORP COM 98974P100 2,737 600,217 SH   SOLE 600,217 0 0