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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERISERV FINL INC COM 03074A102   49,300 17,000 SH   OTR   0 17,000 0
AMERISERV FINL INC COM 03074A102   119,480 41,200 SH   SOLE   41,200 0 0
ASCENT INDUSTRIES CO COM 871565107   90,070 6,993 SH   OTR   0 6,993 0
ASCENT INDUSTRIES CO COM 871565107   301,675 23,422 SH   SOLE   23,422 0 0
ASTRONICS CORP COM 046433108   2,556,030 56,041 SH   OTR   0 56,041 0
ASTRONICS CORP COM 046433108   6,339,790 139,000 SH   SOLE   139,000 0 0
CAMDEN NATL CORP COM 133034108   1,411,159 36,568 SH   OTR   0 36,568 0
CAMDEN NATL CORP COM 133034108   2,045,270 53,000 SH   SOLE   53,000 0 0
CENTRAL PLAINS BANCSHARES IN COM 15486W100   474,330 29,100 SH   OTR   0 29,100 0
CENTRAL PLAINS BANCSHARES IN COM 15486W100   326,277 20,017 SH   SOLE   20,017 0 0
CITIZENS & NORTHN CORP COM 172922106   324,884 16,400 SH   OTR   0 16,400 0
CITIZENS & NORTHN CORP COM 172922106   524,965 26,500 SH   SOLE   26,500 0 0
CITIZENS FINL GROUP INC COM 174610105   242,197 4,556 SH   OTR   0 4,556 0
CITIZENS FINL GROUP INC COM 174610105   899,946 16,929 SH   SOLE   16,929 0 0
CITIZENS FINL SVCS INC COM 174615104   475,067 7,881 SH   SOLE   7,881 0 0
COLUMBIA FINL INC COM 197641103   507,248 33,794 SH   SOLE   33,794 0 0
COMMUNITY FINANCIAL SYSTEM I COM 203607106   388,080 6,618 SH   OTR   0 6,618 0
CONTANGO ORE INC COM 21077F100   360,463 14,459 SH   OTR   0 14,459 0
CONTANGO ORE INC COM 21077F100   1,537,882 61,688 SH   SOLE   61,688 0 0
CRAWFORD & CO CL B 224633107   990,303 101,258 SH   OTR   0 101,258 0
CRAWFORD & CO CL B 224633107   1,829,603 187,076 SH   SOLE   187,076 0 0
DELUXE CORP COM 248019101   269,104 13,900 SH   OTR   0 13,900 0
DLH HLDGS CORP COM 23335Q100   2,508,730 444,023 SH   OTR   0 444,023 0
DLH HLDGS CORP COM 23335Q100   3,801,201 672,779 SH   SOLE   672,779 0 0
DONEGAL GROUP INC CL B 257701300   72,045 4,500 SH   OTR   0 4,500 0
DONEGAL GROUP INC CL B 257701300   213,830 13,356 SH   SOLE   13,356 0 0
DONEGAL GROUP INC CL A 257701201   443,546 22,875 SH   OTR   0 22,875 0
DONEGAL GROUP INC CL A 257701201   457,895 23,615 SH   SOLE   23,615 0 0
DORMAN PRODS INC COM 258278100   1,339,009 8,590 SH   OTR   0 8,590 0
EAGLE BANCORP MONT INC COM 26942G100   67,353 3,900 SH   OTR   0 3,900 0
EAGLE BANCORP MONT INC COM 26942G100   297,009 17,198 SH   SOLE   17,198 0 0
EASTERN CO COM 276317104   4,496,461 191,665 SH   OTR   0 191,665 0
EASTERN CO COM 276317104   7,938,582 338,388 SH   SOLE   338,388 0 0
ECB BANCORP INC COM 26828M106   387,339 24,407 SH   OTR   0 24,407 0
ECB BANCORP INC COM 26828M106   405,209 25,533 SH   SOLE   25,533 0 0
ESCALADE INC COM 296056104   2,115,619 168,307 SH   OTR   0 168,307 0
ESCALADE INC COM 296056104   4,800,294 381,885 SH   SOLE   381,885 0 0
F N B CORP COM 302520101   188,326 11,690 SH   OTR   0 11,690 0
F N B CORP COM 302520101   843,922 52,385 SH   SOLE   52,385 0 0
FIRST BK WILLIAMSTOWN NEW JE COM 31931U102   65,567 4,025 SH   OTR   0 4,025 0
FIRST BK WILLIAMSTOWN NEW JE COM 31931U102   604,652 37,118 SH   SOLE   37,118 0 0
FIRST COMWLTH FINL CORP PA COM 319829107   94,798 5,560 SH   OTR   0 5,560 0
FIRST COMWLTH FINL CORP PA COM 319829107   341,000 20,000 SH   SOLE   20,000 0 0
FIRST MERCHANTS CORP COM 320817109   183,788 4,875 SH   OTR   0 4,875 0
FIRST MERCHANTS CORP COM 320817109   188,500 5,000 SH   SOLE   5,000 0 0
FIRST SVGS FINL GROUP INC COM 33621E109   179,151 5,700 SH   OTR   0 5,700 0
FIRST SVGS FINL GROUP INC COM 33621E109   330,675 10,521 SH   SOLE   10,521 0 0
FOSTER L B CO COM 350060109   1,026,148 38,076 SH   OTR   0 38,076 0
FOSTER L B CO COM 350060109   1,236,709 45,889 SH   SOLE   45,889 0 0
FREIGHTCAR AMER INC COM 357023100   747,388 76,420 SH   OTR   0 76,420 0
FREIGHTCAR AMER INC COM 357023100   1,781,192 182,126 SH   SOLE   182,126 0 0
GREAT LAKES DREDGE & DOCK CO COM 390607109   5,174,225 431,545 SH   OTR   0 431,545 0
GREAT LAKES DREDGE & DOCK CO COM 390607109   11,489,561 958,262 SH   SOLE   958,262 0 0
HARBORONE BANCORP INC NEW COM NEW 41165Y100   727,600 53,500 SH   OTR   0 53,500 0
HARBORONE BANCORP INC NEW COM NEW 41165Y100   474,830 34,914 SH   SOLE   34,914 0 0
HORIZON BANCORP INC COM 440407104   112,903 7,052 SH   OTR   0 7,052 0
HORIZON BANCORP INC COM 440407104   448,280 28,000 SH   SOLE   28,000 0 0
INFUSYSTEM HLDGS INC COM 45685K102   3,071,450 296,472 SH   OTR   0 296,472 0
INFUSYSTEM HLDGS INC COM 45685K102   7,555,724 729,317 SH   SOLE   729,317 0 0
KELLY SVCS INC CL A 488152208   258,464 19,700 SH   OTR   0 19,700 0
KELLY SVCS INC CL A 488152208   266,336 20,300 SH   SOLE   20,300 0 0
KEWAUNEE SCIENTIFIC CORP COM 492854104   1,058,360 24,815 SH   OTR   0 24,815 0
KEWAUNEE SCIENTIFIC CORP COM 492854104   2,365,326 55,459 SH   SOLE   55,459 0 0
LAKE SHORE BANCORP INC COM 510704109   183,157 14,089 SH   OTR   0 14,089 0
LAKE SHORE BANCORP INC COM 510704109   392,210 30,170 SH   SOLE   30,170 0 0
MARATHON BANCORP INC COM NEW 565759206   570,709 54,718 SH   SOLE   54,718 0 0
MARATHON BANCORP INC COM NEW 565759206   44,411 4,258 SH   OTR   0 4,258 0
MID PENN BANCORP INC COM 59540G107   377,590 13,184 SH   OTR   0 13,184 0
MID PENN BANCORP INC COM 59540G107   1,174,040 40,993 SH   SOLE   40,993 0 0
NAVIGATOR HLDGS LTD SHS Y62132108   1,106,714 71,447 SH   OTR   0 71,447 0
NAVIGATOR HLDGS LTD SHS Y62132108   3,559,060 229,765 SH   SOLE   229,765 0 0
NI HLDGS INC COM 65342T106   400,020 29,500 SH   OTR   0 29,500 0
NI HLDGS INC COM 65342T106   1,361,424 100,400 SH   SOLE   100,400 0 0
NORTHWEST BANCSHARES INC MD COM 667340103   470,820 38,000 SH   SOLE   38,000 0 0
NORWOOD FINANCIAL CORP COM 669549107   120,211 4,729 SH   OTR   0 4,729 0
NORWOOD FINANCIAL CORP COM 669549107   227,560 8,952 SH   SOLE   8,952 0 0
PATHFINDER BANCORP INC MD COM 70319R109   805,099 51,362 SH   OTR   0 51,362 0
PATHFINDER BANCORP INC MD COM 70319R109   3,304,948 210,842 SH   SOLE   210,842 0 0
PB BANKSHARES INC COM 69318V103   184,895 9,640 SH   OTR   0 9,640 0
PB BANKSHARES INC COM 69318V103   209,446 10,920 SH   SOLE   10,920 0 0
PROASSURANCE CORP COM 74267C106   204,731 8,534 SH   OTR   0 8,534 0
PROASSURANCE CORP COM 74267C106   208,713 8,700 SH   SOLE   8,700 0 0
RICHMOND MUT BANCORPORATION COM 76525P100   426,300 30,000 SH   SOLE   30,000 0 0
SAGA COMMUNICATIONS INC CL A NEW 786598300   910,720 73,209 SH   OTR   0 73,209 0
SAGA COMMUNICATIONS INC CL A NEW 786598300   1,909,279 153,479 SH   SOLE   153,479 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402   1,229,675 499,868 SH   OTR   0 499,868 0
SCRIPPS E W CO OHIO CL A NEW 811054402   2,179,688 886,052 SH   SOLE   886,052 0 0
SIFCO INDS INC COM 826546103   759,266 107,835 SH   OTR   0 107,835 0
SIFCO INDS INC COM 826546103   2,528,184 359,066 SH   SOLE   359,066 0 0
SOUTHSTATE BK CORP COM 84472E102   559,646 5,661 SH   OTR   0 5,661 0
THRYV HLDGS INC COM NEW 886029206   317,528 26,329 SH   SOLE   0 26,329 0
THRYV HLDGS INC COM NEW 886029206   2,122,560 176,000 SH   SOLE   176,000 0 0
TREDEGAR CORP COM 894650100   5,635,486 701,804 SH   OTR   0 701,804 0
TREDEGAR CORP COM 894650100   7,671,083 955,303 SH   SOLE   955,303 0 0
UNIFI INC COM NEW 904677200   2,367,976 497,474 SH   OTR   0 497,474 0
UNIFI INC COM NEW 904677200   3,117,833 655,007 SH   SOLE   655,007 0 0
UNISYS CORP COM NEW 909214306   749,373 192,147 SH   OTR   0 192,147 0
UNISYS CORP COM NEW 909214306   597,480 153,200 SH   SOLE   153,200 0 0
UNITED STS LIME & MINERALS I COM 911922102   822,188 6,250 SH   OTR   0 6,250 0
UTAH MED PRODS INC COM 917488108   2,057,293 32,671 SH   OTR   0 32,671 0
UTAH MED PRODS INC COM 917488108   3,802,569 60,387 SH   SOLE   60,387 0 0
VIRCO MFG CO COM 927651109   3,910,410 504,569 SH   OTR   0 504,569 0
VIRCO MFG CO COM 927651109   6,648,981 857,933 SH   SOLE   857,933 0 0