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
LIBERTY MEDIA CORP SERIES A LIBERTY SIRIUS XM COM 531229409 13,484 324,380 SH   SOLE 0 319,210 0 0
AMAZON.COM INC COM 023135106 9,570 5,513 SH   SOLE 0 5,715 0 0
LIBERTY MEDIA CORP SERIES A LIBERTY MEDIA COM SER A FRMLA 531229870 7,924 200,150 SH   SOLE 0 163,950 0 0
ALPHABET INC. CLASS C CAP STK CL C 02079K107 6,759 5,545 SH   SOLE 0 6,210 0 0
CHURCHILL DOWNS INC COM 171484108 6,328 51,260 SH   SOLE 0 57,760 0 0
MADISON SQUARE GARDE CLASS A CL A 55825T103 6,304 23,923 SH   SOLE 0 23,073 0 0
TELEPHONE & DATA SYS INC COM NEW 879433829 6,281 243,450 SH   SOLE 0 201,850 0 0
READING INTERNATIONAL INC CL A 755408101 5,313 444,200 SH   SOLE 0 446,300 0 0
RED LION HOTELS CORP COM 756764106 4,614 712,000 SH   SOLE 0 723,000 0 0
NOODLES & COMPANY CLASS A COM CL A 65540B105 4,422 781,291 SH   SOLE 0 937,299 0 0
APPLE INC COM 037833100 3,699 16,515 SH   SOLE 0 18,940 0 0
JAMES FINANCIAL GRP COM 470299108 3,465 242,335 SH   SOLE 0 253,033 0 0
DISH NETWORK CORP CLASS A CL A 25470M109 2,892 84,885 SH   SOLE 0 107,105 0 0
CVS HEALTH CORP COM 126650100 2,748 43,577 SH   SOLE 0 35,777 0 0
MASTERCARD INC CLASS A CALL 57636Q104 2,498 9,200 SH   SOLE 0 9,200 0 0
SCOTTS MIRACLE GROUP CALL 810186906 2,362 23,200 SH   SOLE 0 23,850 0 0
TRAVELCENTERS AMERIC COM 894174101 2,295 186,180 SH   SOLE 0 1,062,900 0 0
ALLY FINANCIAL INC COM 02005N100 2,287 68,955 SH   SOLE 0 74,815 0 0
WW INTERNTNL INC COM 98262P101 2,173 57,460 SH   SOLE 0 57,460 0 0
CHART INDS INC COM 16115Q308 2,095 33,600 SH   SOLE 0 2,095,296 0 0
DOVER MOTORSPORTS INC COM 260174107 2,077 1,049,000 SH   SOLE 0 844,805 0 0
LIONS GATE ENTMT F CLASS A CL B NON VTG 535919401 2,072 224,000 SH   SOLE 0 116,000 0 0
FACEBOOK INC CLASS A CALL 30303M902 2,072 11,633 SH   SOLE 0 12,521 0 0
HYSTER-YALE MH CLASS A CL A 449172105 1,998 36,500 SH   SOLE 0 3,600 0 0
BABCOCK & WILCOX ENTERPR COM 05614L209 1,926 402,000 SH   SOLE 0 15,000 0 0
SEACHANGE INTL INC COM 811699107 1,921 667,000 SH   SOLE 0 984,000 0 0
AMERICAN INTL GROUP COM NEW 026874784 1,899 34,100 SH   SOLE 0 40,740 0 0
MICRON TECHNOLOGY INC COM 595112103 1,823 42,551 SH   SOLE 0 63,101 0 0
SOUTHWEST AIRLINES COM 844741108 1,771 32,790 SH   SOLE 0 36,740 0 0
SCHWAB US LARGE CAP ETF US LRG CAP ETF 808524201 1,644 23,174 SH   SOLE 0 23,747 0 0
LIMESTONE BANCORP INC COM 53262L105 1,623 105,186 SH   SOLE 0 142,132 0 0
LENNAR CORP CLASS B CL B 526057302 1,550 34,936 SH   SOLE 0 38,840 0 0
SCHWAB US DIVIDEND EQUITY ETF US DIVIDEND EQ 808524797 1,480 27,022 SH   SOLE 0 161,801 0 0
L S B INDUSTRIES INC COM 502160104 1,405 271,300 SH   SOLE 0 460,214 0 0
FAUQUIER BANKSHARES COM 312059108 1,355 68,600 SH   SOLE 0 75,700 0 0
CISCO SYSTEMS INC COM 17275R102 1,350 27,322 SH   SOLE 0 27,322 0 0
SALISBURY BANCORP INC COM 795226109 1,323 33,754 SH   SOLE 0 32,254 0 0
A T & T INC COM 00206R102 1,322 34,927 SH   SOLE 0 30,647 0 0
RENEWABLE ENERGY GRP COM NEW 75972A301 1,302 86,750 SH   SOLE 0 77,650 0 0
GUARANTY FED BANCSHARES INC COM 40108P101 1,280 52,785 SH   SOLE 0 66,785 0 0
NETFLIX INC COM 64110L106 1,273 4,758 SH   SOLE 0 7,773 0 0
PSB HOLDINGS INC COM 69360W108 1,213 46,656 SH   SOLE 0 52,956 0 0
CODORUS VY BANCORP INC COM 192025104 1,201 51,640 SH   SOLE 0 56,385 0 0
CITIGROUP INC COM NEW 172967424 1,165 16,864 SH   SOLE 0 18,135 0 0
FEDERAL AGRIC MTG CORP CL C 313148306 1,147 140 SH   SOLE 0 15,696 0 0
NEWELL BRANDS INC COM 651229106 1,030 55,000 SH   SOLE 0 77,800 0 0
MASTERCRAFT BOAT HLD COM 57637H103 1,021 68,390 SH   SOLE 0 77,090 0 0
GRAFTECH INTERNATION COM 384313508 998 78,000 SH   SOLE 0 86,000 0 0
INDEPENDENCE RLTY TR INC COM 45378A106 990 69,200 SH   SOLE 0 70,000 0 0
BANCORP INC COM 05969A105 990 100,000 SH   SOLE 0 5,425 0 0
INTERNAP CORP COM 45885A300 966 374,500 SH   SOLE 0 374,500 0 0
FS BANCORP INC. COM 30263Y104 966 18,395 SH   SOLE 0 20,995 0 0
UNIVERSAL STAINLESS & ALLOY COM 913837100 941 60,290 SH   SOLE 0 71,790 0 0
BRIDGEWATER BANCSHARES I COM ACCD INV 108621103 919 76,930 SH   SOLE 0 82,230 0 0
PEOPLES BANCORP WASH COM 709789101 911 4,142 SH   SOLE 0 10,100 0 0
CATERPILLAR INC COM 149123101 899 7,116 SH   SOLE 0 7,116 0 0
WHEELER REIT REIT COM NEW 963025705 844 544,587 SH   SOLE 0 497,187 0 0
COUNTY BANCORP INC COM 221907108 774 39,460 SH   SOLE 0 44,408 0 0
TEMPUR SEALY INTERNTNL I COM 88023U101 772 1,000 SH   SOLE 0 1,000 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 771 34,750 SH   SOLE 0 39,750 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 769 31,924 SH   SOLE 0 31,924 0 0
HAIN CELESTIAL GROUP INC. COM 405217100 760 35,400 SH   SOLE 0 59,400 0 0
SEACOAST BK CORP FLA COM 811707801 759 30,000 SH   SOLE 0 30,000 0 0
HARTE-HANKS INCORPOR COM 416196103 726 237,900 SH   SOLE 0 238,300 0 0
ALASKA COMMUNICATIONS SYS GR COM 01167P101 722 420,000 SH   SOLE 0 410,000 0 0
SPROTT PHYSICAL GOLD & S UNIT 85207H104 706 49,791 SH   SOLE 0 63,791 0 0
BLUEROCK RESIDENTIAL REIT COM CL A 09627J102 690 58,590 SH   SOLE 0 56,890 0 0
CITY OFFICE R E I T INCO REIT COM 178587101 656 45,600 SH   SOLE 0 43,950 0 0
SELECT BANCORP INC NEW COM 81617L108 655 56,477 SH   SOLE 0 56,477 0 0
T P I COMPOSITES INC COM 87266J104 624 33,275 SH   SOLE 0 39,275 0 0
HEXCEL CORP COM 428291108 620 7,550 SH   SOLE 0 7,550 0 0
TOWNSQUARE MEDIA INC CLASS A CL A 892231101 608 86,450 SH   SOLE 0 72,100 0 0
FEDEX COM 31428X106 582 4,000 SH   SOLE 0 4,000 0 0
DELTA AIR LINES INC COM NEW 247361702 567 9,850 SH   SOLE 0 9,850 0 0
O2MICRO INTERNTNL LTD0 F SPONSORED ADR 1 ADR REPS 50 ORD SHS CALL 67107W900 548 409,157 SH   SOLE 0 409,157 0 0
GLOBAL MEDICAL R E I T I COM NEW 37954A204 543 47,600 SH   SOLE 0 47,600 0 0
SCHWAB INTERNATIONAL EQUITY ETF INTL EQTY ETF 808524805 522 16,372 SH   SOLE 0 16,197 0 0
PFIZER INC COM 717081103 521 14,500 SH   SOLE 0 18,000 0 0
UNITEDHEALTH GRP INC COM 91324P102 514 2,364 SH   SOLE 0 3,614 0 0
NEW RESIDENTIAL INVE REIT COM NEW 64828T201 506 32,250 SH   SOLE 0 32,250 0 0
TWILIO INC CLASS A CL A 90138F102 500 4,550 SH   SOLE 0 4,550 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 492 3,700 SH   SOLE 0 6,700 0 0
CELCIUS HOLDINGS INC COM NEW 15118V207 487 140,000 SH   SOLE 0 140,000 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 482 19,300 SH   SOLE 0 15,000 0 0
JOHNSON & JOHNSON COM 478160104 457 3,533 SH   SOLE 0 4,858 0 0
NAVIENT CORP COM 63938C108 448 35,000 SH   SOLE 0 35,000 0 0
COMMUNITY BANKERS TR COM 203612106 436 50,728 SH   SOLE 0 55,728 0 0
ANTERIX INC COM 03676C100 434 12,000 SH   SOLE 0 12,000 0 0
SALESFORCE COM COM 79466L302 434 2,925 SH   SOLE 0 2,975 0 0
WASTE MANAGEMENT INC COM 94106L109 431 3,750 SH   SOLE 0 3,750 0 0
WALT DISNEY CO COM DISNEY 254687106 409 3,135 SH   SOLE 0 3,135 0 0
LOVESAC CO COM 54738L109 391 20,960 SH   SOLE 0 22,160 0 0
NORTHEAST BANCORP COM NEW 663904209 372 16,775 SH   SOLE 0 16,775 0 0
MITCHAM INDUSTRIES COM 606501104 360 110,887 SH   SOLE 0 137,275 0 0
BERKSHIRE HATHAWAY CLASS B CL B NEW 084670702 357 1,716 SH   SOLE 0 1,661 0 0
MIDDLEFIELD BANC CO COM NEW 596304204 328 7,005 SH   SOLE 0 15,255 0 0
SCHWAB EMERGING MARKETS EQUITY ETF EMRG MKTEQ ETF 808524706 328 13,059 SH   SOLE 0 12,922 0 0
EXXON MOBIL CORP COM 30231G102 322 4,564 SH   SOLE 0 4,564 0 0
SPDR S&P 500 ETF TR CALL 78462F903 312 1,050 SH   SOLE 0 1,050 0 0
TITAN INTL INC DEL COM 88830M902 311 115,000 SH   SOLE 0 115,000 0 0
PURECYCLE CORP COM NEW 746228303 281 27,299 SH   SOLE 0 46,111 0 0
O P BANCORP COM 67109R109 258 26,381 SH   SOLE 0 26,381 0 0
VIACOM INC CLASS B CL B 92553P201 248 30,300 SH   SOLE 0 122,675 0 0
ALPHABET INC. CLASS A CAP STK CL A 02079K305 243 199 SH   SOLE 0 699 0 0
IRIDEX CORP COM 462684101 223 117,787 SH   SOLE 0 129,787 0 0
COMCAST CORP CLASS CALL 20030N901 220 4,871 SH   SOLE 0 4,871 0 0
PROCTER & GAMBLE COM 742718109 218 1,756 SH   SOLE 0 1,756 0 0
PLYMOUTH INDUSTRIAL R E REIT COM 729640102 216 11,800 SH   SOLE 0 11,800 0 0
CENTERSTATE BANK COR COM 15201P109 213 8,900 SH   SOLE 0 8,900 0 0
LIBERTY MEDIA CORP SERIES C LIBERTY MEDIA COM SER C FRMLA 531229854 208 500 SH   SOLE 0 9,000 0 0
CONSTELLATION BRAND CLASS A CL A 21036P108 207 1,000 SH   SOLE 0 19,725 0 0
ONE LIBERTY PPTYS INC REIT COM 682406103 205 7,450 SH   SOLE 0 7,450 0 0