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
ABBOTT LABS COM 002824100 254 6,625 SH   SOLE   0 0 6,625
ABBVIE INC COM 00287Y109 395 6,300 SH   SOLE   0 0 6,300
ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 5,673 555,661 SH   SOLE   555,661 0 0
AMPCO-PITTSBURGH CORP COM 032037103 986 58,849 SH   SOLE   41,324 0 58,849
ARCONIC INC COM ADDED 03965L100 290 15,656 SH   SOLE   0 0 15,656
AT&T INC COM 00206R102 577 13,556 SH   SOLE   0 0 13,556
AUTOBYTEL INC COM NEW 05275N205 2,753 204,696 SH   SOLE   204,696 0 0
AXCELIS TECHNOLOGIES INC COM 054540109 6,100 419,238 SH   SOLE   419,238 0 0
BASIC ENERGY SVCS INC NEW COM NEW 06985P209 471 13,319 SH   SOLE   0 0 13,319
BENCHMARK ELECTRS INC COM 08160H101 1,516 49,710 SH   SOLE   49,710 0 0
BLACK DIAMOND INC COM 09202G101 5,915 1,105,626 SH   SOLE   1,105,626 0 0
BOSTON SCIENTIFIC CORP COM 101137107 353 16,305 SH   SOLE   0 0 16,305
BROOKLINE BANCORP INC DEL COM 11373M107 5,154 314,260 SH   SOLE   314,260 0 0
CALLAWAY GOLF CO COM 131193104 5,517 503,372 SH   SOLE   503,372 0 0
CAPITAL SR LIVING CORP COM 140475104 386 24,080 SH   SOLE   0 0 24,080
CARRIZO OIL & GAS INC COM 144577103 3,171 84,900 SH   SOLE   84,900 0 0
CECO ENVIRONMENTAL CORP COM 125141101 1,234 88,488 SH   SOLE   53,378 0 35,110
CNO FINL GROUP INC COM 12621E103 4,309 224,996 SH   SOLE   224,996 0 0
COCA COLA EUROPEAN PARTNERS SHS G25839104 386 12,300 SH   SOLE   0 0 12,300
COMSTOCK RES INC NOTE 7.750% 4/0 205768AM6 1,079 1,240,000 SH   SOLE   0 0 1,240,000
CONSOLIDATED EDISON INC COM 209115104 588 7,975 SH   SOLE   0 0 7,975
COVANTA HLDG CORP COM 22282E102 5,047 323,518 SH   SOLE   323,518 0 0
COWEN GROUP INC NEW CL A NEW 223622606 1,471 94,875 SH   SOLE   94,875 0 0
CRAWFORD & CO CL A 224633206 495 52,258 SH   SOLE   0 0 52,258
CSS INDS INC COM 125906107 4,315 159,410 SH   SOLE   159,410 0 0
CTS CORP COM 126501105 3,963 176,926 SH   SOLE   176,926 0 0
DANA HLDG CORP COM 235825205 3,472 182,953 SH   SOLE   182,953 0 0
DEAN FOODS CO COM NEW 242370203 3,398 155,997 SH   SOLE   155,997 0 0
EASTMAN KODAK CO COM NEW 277461406 933 60,184 SH   SOLE   60,184 0 0
ELDORADO RESORTS INC COM 28470R102 1,159 68,405 SH   SOLE   0 0 68,405
ELECTRO SCIENTIFIC INDS COM 285229100 3,223 544,508 SH   SOLE   544,508 0 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 8,805 95,288 SH   SOLE   95,288 0 0
ENTEGRIS INC COM 29362U104 567 31,660 SH   SOLE   0 0 31,660
EXELON CORP COM 30161N101 410 11,540 SH   SOLE   0 0 11,540
EXPRESS INC COM 30219E103 2,025 188,197 SH   SOLE   188,197 0 0
FLY LEASING LTD SPONSORED ADR 34407D109 8,058 605,874 SH   SOLE   574,079 0 31,795
GAIAM INC CL A 36268Q103 3,213 371,408 SH   SOLE   371,408 0 0
GCP APPLIED TECHNOLOGIES INC COM ADDED 36164Y101 236 8,815 SH   SOLE   0 0 8,815
GENERAL ELECTRIC CO COM 369604103 549 17,382 SH   SOLE   0 0 17,382
GENWORTH FINL INC COM CL A 37247D106 3,024 793,742 SH   SOLE   739,982 0 53,760
G-III APPAREL GROUP LTD COM 36237H101 4,353 147,256 SH   SOLE   147,256 0 0
GLOBAL POWER EQUIPMENT GRP I COM PAR $0.01 37941P306 3,557 753,498 SH   SOLE   753,498 0 0
GRACE W R & CO DEL NEW COM 38388F108 721 10,655 SH   SOLE   0 0 10,655
GREENHILL & CO INC COM 395259104 4,871 175,865 SH   SOLE   175,865 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 940 19,725 SH   SOLE   0 0 19,725
HOOPER HOLMES INC COM 439104100 353 427,674 SH   SOLE   427,674 0 0
HUNTSMAN CORP COM 447011107 425 22,275 SH   SOLE   0 0 22,275
INVACARE CORP COM 461203101 6,662 510,498 SH   SOLE   510,498 0 0
IPASS INC COM 46261V108 4,982 3,019,460 SH   SOLE   3,019,460 0 0
JAKKS PAC INC COM 47012E106 2,475 480,617 SH   SOLE   480,617 0 0
JETBLUE AIRWAYS CORP COM 477143101 4,103 183,005 SH   SOLE   183,005 0 0
JOHNSON & JOHNSON COM 478160104 232 2,010 SH   SOLE   0 0 2,010
KCG HLDGS INC CL A 48244B100 6,223 469,690 SH   SOLE   469,690 0 0
KEY TRONICS CORP COM 493144109 530 67,809 SH   SOLE   0 0 67,809
LMI AEROSPACE INC COM 502079106 2,036 236,206 SH   SOLE   236,206 0 0
LSI INDS INC COM 50216C108 5,416 556,081 SH   SOLE   556,081 0 0
MANITEX INTL INC COM 563420108 1,097 159,969 SH   SOLE   159,969 0 0
MCDERMOTT INTL INC COM 580037109 4,409 596,577 SH   SOLE   596,577 0 0
MERCURY SYS INC COM 589378108 425 14,050 SH   SOLE   0 0 14,050
METLIFE INC COM 59156R108 652 12,100 SH   SOLE   0 0 12,100
MFA FINL INC COM 55272X102 6,570 861,052 SH   SOLE   861,052 0 0
MGIC INVT CORP WIS COM 552848103 5,721 561,400 SH   SOLE   561,400 0 0
MICROSOFT CORP COM 594918104 516 8,300 SH   SOLE   0 0 8,300
MONDELEZ INTL INC CL A 609207105 357 8,050 SH   SOLE   0 0 8,050
MORGAN STANLEY COM NEW 617446448 579 13,700 SH   SOLE   0 0 13,700
NATIONAL WESTN LIFE INS CO CL A 638522102 8,811 28,350 SH   SOLE   28,350 0 0
NATIONSTAR MTG HLDGS INC COM 63861C109 6,250 346,048 SH   SOLE   346,048 0 0
NEOPHOTONICS CORP COM 64051T100 2,577 238,391 SH   SOLE   238,391 0 0
NETSCOUT SYS INC COM 64115T104 457 14,520 SH   SOLE   0 0 14,520
NEWELL BRANDS INC COM 651229106 359 8,051 SH   SOLE   0 0 8,051
NISOURCE INC COM 65473P105 300 13,550 SH   SOLE   0 0 13,550
NORTHWEST PIPE CO COM 667746101 2,289 132,933 SH   SOLE   132,933 0 0
OFFICE DEPOT INC COM 676220106 4,560 1,008,877 SH   SOLE   1,008,877 0 0
ORION ENERGY SYSTEMS INC COM 686275108 3,101 1,429,258 SH   SOLE   1,429,258 0 0
ORION ENGINEERED CARBONS S A COM L72967109 2,167 114,954 SH   SOLE   84,115 0 30,839
OWENS & MINOR INC NEW COM 690732102 4,153 117,687 SH   SOLE   117,687 0 0
OWENS ILL INC COM NEW 690768403 6,309 362,372 SH   SOLE   344,297 0 18,075
PAN AMERICAN SILVER CORP COM 697900108 1,793 119,000 SH   SOLE   119,000 0 0
PERFORMANCE FOOD GROUP CO COM 71377A103 1,075 44,795 SH   SOLE   0 0 44,795
PFIZER INC COM 717081103 366 11,275 SH   SOLE   0 0 11,275
PLY GEM HLDGS INC COM 72941W100 191 11,730 SH   SOLE   0 0 11,730
PTC INC COM 69370C100 495 10,700 SH   SOLE   0 0 10,700
PURECYCLE CORP COM NEW 746228303 1,285 233,704 SH   SOLE   233,704 0 0
QUICKLOGIC CORP COM 74837P108 30 21,800 SH   SOLE   0 0 21,800
REALNETWORKS INC COM NEW 75605L708 1,455 299,296 SH   SOLE   298,721 0 575
RED LION HOTELS CORP COM 756764106 709 84,947 SH   SOLE   0 0 84,947
SANMINA CORPORATION COM 801056102 5,510 150,340 SH   SOLE   150,340 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 6,484 335,441 SH   SOLE   335,441 0 0
SEABOARD CORP COM 811543107 6,050 1,531 SH   SOLE   1,531 0 0
SEACHANGE INTL INC COM 811699107 957 416,001 SH   SOLE   416,001 0 0
SEACOR HOLDINGS INC COM 811904101 5,511 77,320 SH   SOLE   77,320 0 0
SELECTIVE INS GROUP INC COM 816300107 2,413 56,060 SH   SOLE   56,060 0 0
STERLING CONSTRUCTION CO INC COM 859241101 4,347 513,838 SH   SOLE   513,838 0 0
STEWART INFORMATION SVCS COR COM 860372101 3,103 67,333 SH   SOLE   67,333 0 0
SUPERIOR DRILLING PRODS INC COM 868153107 15 10,986 SH   SOLE   0 0 10,986
SYMANTEC CORP COM 871503108 421 17,633 SH   SOLE   0 0 17,633
TETRA TECHNOLOGIES INC DEL COM 88162F105 3,185 634,465 SH   SOLE   634,465 0 0
TRAVELCENTERS OF AMERICA LLC COM 894174101 4,227 595,417 SH   SOLE   595,417 0 0
TRAVELPORT WORLDWIDE LTD SHS G9019D104 292 20,732 SH   SOLE   0 0 20,732
TRI POINTE GROUP INC COM 87265H109 4,280 372,842 SH   SOLE   372,842 0 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 1,904 275,135 SH   SOLE   275,135 0 0
TRUSTCO BK CORP N Y COM 898349105 525 60,050 SH   SOLE   0 0 60,050
VISHAY INTERTECHNOLOGY INC COM 928298108 6,415 396,000 SH   SOLE   396,000 0 0
VONAGE HLDGS CORP COM 92886T201 9,431 1,376,822 SH   SOLE   1,376,822 0 0
WOLVERINE WORLD WIDE INC COM 978097103 4,393 200,134 SH   SOLE   200,134 0 0
XCERRA CORP COM 98400J108 5,967 781,002 SH   SOLE   781,002 0 0
XEROX CORP COM 984121103 583 66,750 SH   SOLE   0 0 66,750