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 FINANC INC COM 03074A102   67 17,000 SH   OTR   0 17,000 0
AMERISERV FINANC INC COM 03074A102   162 41,200 SH   SOLE   41,200 0 0
ASCENT INDUSTRIES COM 871565107   107 12,369 SH   OTR   0 12,369 0
ASCENT INDUSTRIES COM 871565107   416 48,000 SH   SOLE   48,000 0 0
ASTRONICS CORP COM 046433108   1,081 104,925 SH   OTR   0 104,925 0
ASTRONICS CORP COM 046433108   3,689 358,180 SH   SOLE   358,180 0 0
AUDACY INC COM 05070N103   17 77,400 SH   OTR   0 77,400 0
CAMDEN NATIONAL CORP COM 133034108   1,522 36,568 SH   OTR   0 36,568 0
CAMDEN NATIONAL CORP COM 133034108   2,206 53,000 SH   SOLE   53,000 0 0
CECO ENVIRONMENTAL CORP COM 125141101   406 34,758 SH   OTR   0 34,758 0
CECO ENVIRONMENTAL CORP COM 125141101   1,282 109,700 SH   SOLE   109,700 0 0
CHASE CORP COM 16150R104   2,969 34,420 SH   OTR   0 34,420 0
CHASE CORP COM 16150R104   7,404 85,833 SH   SOLE   85,833 0 0
CITIZENS & NORTHERN CORP COM 172922106   374 16,400 SH   OTR   0 16,400 0
CITIZENS & NORTHERN CORP COM 172922106   604 26,500 SH   SOLE   26,500 0 0
CITIZENS FINL GROUP INC COM 174610105   262 6,656 SH   OTR   0 6,656 0
CITIZENS FINL GROUP INC COM 174610105   666 16,929 SH   SOLE   16,929 0 0
COLUMBIA FINANCIAL COM 197641103   731 33,794 SH   SOLE   33,794 0 0
COMMUNITY BANK SYS INC COM 203607106   416 6,618 SH   OTR   0 6,618 0
COMPUTER TASK GROUP INC COM 205477102   1,909 252,468 SH   OTR   0 252,468 0
COMPUTER TASK GROUP INC COM 205477102   7,589 1,003,879 SH   SOLE   1,003,879 0 0
COMPX INTERNATIONAL COM 20563P101   131 7,097 SH   OTR   0 7,097 0
COMPX INTERNATIONAL COM 20563P101   383 20,750 SH   SOLE   20,750 0 0
CONTANGO ORE INC COM 21077F100   339 15,400 SH   OTR   0 15,400 0
CONTANGO ORE INC COM 21077F100   1,816 82,545 SH   SOLE   82,545 0 0
CRAWFORD & CO CL B COM 224633107   158 29,790 SH   OTR   0 29,790 0
CRAWFORD & CO CL B COM 224633107   408 76,927 SH   SOLE   76,927 0 0
DALLASNEWS CORPORATION COM 235050101   82 21,313 SH   OTR   0 21,313 0
DALLASNEWS CORPORATION COM 235050101   279 72,675 SH   SOLE   72,675 0 0
DELTA APPAREL INC COM 247368103   56 5,300 SH   OTR   0 5,300 0
DELTA APPAREL INC COM 247368103   150 14,100 SH   SOLE   14,100 0 0
DELUXE CORP COM 248019101   236 13,900 SH   OTR   0 13,900 0
DLH HOLDINGS CORP COM 23335Q100   534 45,204 SH   OTR   0 45,204 0
DLH HOLDINGS CORP COM 23335Q100   1,771 149,985 SH   SOLE   149,985 0 0
DONEGAL GROUP INC CL B 257701300   71 4,500 SH   OTR   0 4,500 0
DONEGAL GROUP INC CL B 257701300   211 13,356 SH   SOLE   13,356 0 0
DONEGAL GROUP INC CL A 257701201   325 22,875 SH   OTR   0 22,875 0
DONEGAL GROUP INC CL A 257701201   335 23,615 SH   SOLE   23,615 0 0
DORMAN PRODUCTS INC COM 258278100   694 8,590 SH   OTR   0 8,590 0
DORMAN PRODUCTS INC COM 258278100   687 8,500 SH   SOLE   8,500 0 0
EAGLE BANCORP MONT INC COM 26942G100   63 3,900 SH   OTR   0 3,900 0
EAGLE BANCORP MONT INC COM 26942G100   277 17,198 SH   SOLE   17,198 0 0
EASTERN CO COM 276317104   1,818 94,466 SH   OTR   0 94,466 0
EASTERN CO COM 276317104   6,058 314,710 SH   SOLE   314,710 0 0
ESCALADE INC COM 296056104   1,731 170,077 SH   OTR   0 170,077 0
ESCALADE INC COM 296056104   3,903 383,444 SH   SOLE   383,444 0 0
FIRST MERCHANTS CORP COM 320817109   200 4,875 SH   OTR   0 4,875 0
FIRST MERCHANTS CORP COM 320817109   206 5,000 SH   SOLE   5,000 0 0
FIRST SAVINGS FINANCIAL GP INC COM 33621E109   114 5,700 SH   OTR   0 5,700 0
FIRST SAVINGS FINANCIAL GP INC COM 33621E109   210 10,521 SH   SOLE   10,521 0 0
FNB CORP COM 302520101   153 11,690 SH   OTR   0 11,690 0
FNB CORP COM 302520101   757 58,000 SH   SOLE   58,000 0 0
FOSTER L B CO COM 350060109   362 37,424 SH   OTR   0 37,424 0
FOSTER L B CO COM 350060109   410 42,374 SH   SOLE   42,374 0 0
FREIGHTCAR AMERICA INC COM 357023100   697 220,684 SH   OTR   0 220,684 0
FREIGHTCAR AMERICA INC COM 357023100   1,851 585,728 SH   SOLE   585,728 0 0
GREAT LAKES DREDGE & DOCK CO COM 390607109   1,581 266,236 SH   OTR   0 266,236 0
GREAT LAKES DREDGE & DOCK CO COM 390607109   5,400 909,062 SH   SOLE   909,062 0 0
GSE SYSTEMS INC COM 36227K106   121 173,039 SH   OTR   0 173,039 0
GSE SYSTEMS INC COM 36227K106   416 594,650 SH   SOLE   594,650 0 0
HORIZON BANCORP INDIANA COM 440407104   106 7,052 SH   OTR   0 7,052 0
HORIZON BANCORP INDIANA COM 440407104   422 28,000 SH   SOLE   28,000 0 0
HV BANCORP COM 40441H105   736 25,890 SH   SOLE   25,890 0 0
ICC HOLDINGS INC COM 44931Q104   130 8,414 SH   OTR   0 8,414 0
ICC HOLDINGS INC COM 44931Q104   384 24,953 SH   SOLE   24,953 0 0
IMMUCELL CORP COM 452525306   27 4,554 SH   SOLE   0 4,554 0
IMMUCELL CORP COM 452525306   45 7,404 SH   OTR   7,404 0 0
INFUSYSTEM HLDGS INC COM 45685K102   1,596 183,884 SH   OTR   0 183,884 0
INFUSYSTEM HLDGS INC COM 45685K102   5,755 662,967 SH   SOLE   662,967 0 0
KEWAUNEE SCIENTIFIC CP COM 492854104   2,024 126,925 SH   SOLE   126,925 0 0
KEWAUNEE SCIENTIFIC CP COM 492854104   676 43,616 SH   OTR   0 43,616 0
LAKE SHORE BANCORP INC COM 510700107   69 5,700 SH   OTR   0 5,700 0
LAKE SHORE BANCORP INC COM 510700107   169 14,000 SH   SOLE   14,000 0 0
LUMOS PHARMA INC COM 55028X109   49 13,549 SH   OTR   0 13,549 0
LUMOS PHARMA INC COM 55028X109   74 20,466 SH   SOLE   20,466 0 0
MALVERN BANCORP INC COM 561409103   852 48,000 SH   SOLE   48,000 0 0
MALVERN BANCORP INC COM 561409103   92 5,206 SH   OTR   0 5,206 0
MID PENN BANCORP COM 59540G107   374 12,503 SH   OTR   0 12,503 0
MID PENN BANCORP COM 59540G107   1,175 39,229 SH   SOLE   39,229 0 0
MID SOUTHERN BANCORP COM 59548Q107   116 8,915 SH   OTR   0 8,915 0
MID SOUTHERN BANCORP COM 59548Q107   166 12,791 SH   SOLE   12,791 0 0
NAVIGATOR HOLDINGS LTD COM Y62132108   941 78,947 SH   OTR   0 78,947 0
NAVIGATOR HOLDINGS LTD COM Y62132108   3,167 265,665 SH   SOLE   265,665 0 0
NEXTCURE INC COM 65343E108   17 11,900 SH   OTR   0 11,900 0
NEXTCURE INC COM 65343E108   28 19,813 SH   SOLE   19,813 0 0
NI HOLDINGS INC COM 65342T106   389 29,500 SH   OTR   0 29,500 0
NI HOLDINGS INC COM 65342T106   1,324 100,400 SH   SOLE   100,400 0 0
NORTHWEST BANCSHARES INC COM 667340103   531 38,000 SH   SOLE   38,000 0 0
NORWOOD FINANCIAL CORP COM 669549107   158 4,729 SH   OTR   0 4,729 0
NORWOOD FINANCIAL CORP COM 669549107   299 8,952 SH   SOLE   8,952 0 0
OCONEE FED FINL CORP COM 675607105   286 11,451 SH   SOLE   11,451 0 0
PATHFINDER BANCORP INC COM 70319R109   893 47,399 SH   OTR   0 47,399 0
PATHFINDER BANCORP INC COM 70319R109   3,848 204,250 SH   SOLE   204,250 0 0
PATRIOT TRANSPORTATION HOLDING COM 70338W105   313 44,541 SH   OTR   0 44,541 0
PATRIOT TRANSPORTATION HOLDING COM 70338W105   1,420 202,042 SH   SOLE   202,042 0 0
PC TEL INC COM 69325Q105   23 5,400 SH   OTR   0 5,400 0
PC TEL INC COM 69325Q105   59 13,843 SH   SOLE   13,843 0 0
PROASSURANCE CORP COM 74267C106   149 8,534 SH   OTR   0 8,534 0
PROASSURANCE CORP COM 74267C106   152 8,700 SH   SOLE   8,700 0 0
RICHMOND MUTUAL COM 76525P100   390 30,000 SH   SOLE   30,000 0 0
SAGA COMMUNICATIONS INC CL A NEW 786598300   1,233 52,487 SH   OTR   0 52,487 0
SAGA COMMUNICATIONS INC CL A NEW 786598300   3,579 152,307 SH   SOLE   152,307 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402   1,642 124,707 SH   OTR   0 124,707 0
SCRIPPS E W CO OHIO CL A NEW 811054402   5,251 398,700 SH   SOLE   398,700 0 0
SIFCO INDUSTRIES INC COM 826546103   159 76,608 SH   OTR   0 76,608 0
SIFCO INDUSTRIES INC COM 826546103   640 309,100 SH   SOLE   309,100 0 0
SOUTH STATE CORP COM 840441109   432 5,661 SH   OTR   0 5,661 0
STARRETT LS COM 855668109   151 20,737 SH   OTR   0 20,737 0
STARRETT LS COM 855668109   383 52,500 SH   SOLE   52,500 0 0
THRYV HOLDINGS IINC COM 886029206   184 9,703 SH   SOLE   0 9,703 0
THRYV HOLDINGS IINC COM 886029206   760 40,000 SH   SOLE   40,000 0 0
TREDEGAR CORP COM 894650100   1,165 113,984 SH   OTR   0 113,984 0
TREDEGAR CORP COM 894650100   2,715 265,690 SH   SOLE   265,690 0 0
UNIVERSAL STAINLESS & ALLOY COM 913837100   1,114 155,604 SH   OTR   0 155,604 0
UNIVERSAL STAINLESS & ALLOY COM 913837100   4,173 582,823 SH   SOLE   582,823 0 0
US LIME & MINERAL COM 911922102   1,720 12,380 SH   OTR   0 12,380 0
US LIME & MINERAL COM 911922102   3,631 26,138 SH   SOLE   26,138 0 0
VILLAGE BANK & TRUST FIN CO COM 92705T200   904 17,947 SH   SOLE   17,947 0 0
VILLAGE BANK & TRUST FIN CO COM 92705T200   91 1,798 SH   OTR   0 1,798 0
VIRCO MANUFACTURING CO COM 927651109   983 217,573 SH   OTR   0 217,573 0
VIRCO MANUFACTURING CO COM 927651109   3,215 711,368 SH   SOLE   711,368 0 0
WILLIAMS INDUSTRIAL SERVICES GROUP COM 96951A104   435 426,001 SH   OTR   0 426,001 0
WILLIAMS INDUSTRIAL SERVICES GROUP COM 96951A104   1,488 1,459,276 SH   SOLE   1,459,276 0 0