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
ALPHABET INC CAP STK CL A 02079K305 3,187 3,050 SH   SOLE   3,050 0 0
ARGAN INC COM 04010E109 666 17,600 SH   SOLE   17,600 0 0
ATLANTIC PWR CORP COM NEW 04878Q863 568 261,754 SH   SOLE   261,754 0 0
CAREER EDUCATION CORP COM 141665109 3,012 263,787 SH   SOLE   263,787 0 0
COMMUNITY WEST BANCSHARES COM 204157101 723 72,097 SH   SOLE   72,097 0 0
CROWN HOLDINGS INC COM 228368106 8,152 196,097 SH   SOLE   196,097 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 640 12,833 SH   SOLE   12,833 0 0
DMC GLOBAL INC COM 23291C103 780 22,215 SH   SOLE   22,215 0 0
ECHOSTAR CORP CL A 278768106 4,558 124,119 SH   SOLE   124,119 0 0
EQUITY COMWLTH CUM PFD S D 6.5% 294628201 233 9,214 SH   SOLE   9,214 0 0
ERA GROUP INC COM 26885G109 813 93,000 SH   SOLE   93,000 0 0
FIRST NORTHWEST BANCORP COM 335834107 1,182 79,682 SH   SOLE   79,682 0 0
FIRST UTD CORP COM 33741H107 384 24,125 SH   SOLE   24,125 0 0
FULL HOUSE RESORTS INC COM 359678109 808 400,000 SH   SOLE   400,000 0 0
GREEN PLAINS INC COM 393222104 810 61,758 SH   SOLE   61,758 0 0
HOPFED BANCORP INC COM 439734104 1,587 119,447 SH   SOLE   119,447 0 0
INDUSTRIAL LOGISTICS PPTYS T COM SHS BEN INT 456237106 5,142 261,398 SH   SOLE   261,398 0 0
INVESCO DB US DLR INDEX TR BULLISH FD 46141D203 11,711 460,150 SH   SOLE   460,150 0 0
LKQ CORP COM 501889208 738 31,089 SH   SOLE   31,089 0 0
LORAL SPACE & COMMUNICATNS I COM 543881106 4,570 122,689 SH   SOLE   122,689 0 0
MARLIN BUSINESS SVCS CORP COM 571157106 7,906 354,049 SH   SOLE   354,049 0 0
MERRIMACK PHARMACEUTICALS IN COM NEW 590328209 580 150,363 SH   SOLE   150,363 0 0
MICROSTRATEGY INC CL A NEW 594972408 4,417 34,579 SH   SOLE   34,579 0 0
NATIONAL CINEMEDIA INC COM 635309107 1,908 294,441 SH   SOLE   294,441 0 0
NELNET INC CL A 64031N108 1,706 32,596 SH   SOLE   32,596 0 0
NI HLDGS INC COM 65342T106 1,675 106,477 SH   SOLE   106,477 0 0
NICHOLAS FINANCIAL INC COM NEW 65373J209 1,955 188,002 SH   SOLE   188,002 0 0
NORTHEAST BANCORP COM NEW 663904209 1,756 104,983 SH   SOLE   104,983 0 0
OFS CAP CORP COM 67103B100 5,096 480,747 SH   SOLE   480,747 0 0
PENN NATL GAMING INC COM 707569109 1,138 60,432 SH   SOLE   60,432 0 0
QUINSTREET INC COM 74874Q100 3,361 207,103 SH   SOLE   207,103 0 0
RED HAT INC COM 756577102 8,449 48,105 SH   SOLE   48,105 0 0
RLJ LODGING TR CUM CONV PFD A 74965L200 6,734 271,737 SH   SOLE   271,737 0 0
SOUND FINL BANCORP INC COM 83607A100 361 11,090 SH   SOLE   11,090 0 0
SOUTHWEST AIRLS CO COM 844741108 698 15,016 SH   SOLE   15,016 0 0
VECTRUS INC COM 92242T101 2,371 109,866 SH   SOLE   109,866 0 0
VEREIT INC COM 92339V100 4,679 654,447 SH   SOLE   654,447 0 0
WCF BANCORP INC COM 92940L103 1,069 129,698 SH   SOLE   129,698 0 0
WELLESLEY BANCORP INC COM 949485106 325 11,731 SH   SOLE   11,731 0 0
WELLS FARGO CO NEW COM 949746101 885 19,200 SH   SOLE   19,200 0 0