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 315 7,085 SH   SOLE   0 0 7,085
ABBVIE INC COM 00287Y109 411 6,300 SH   SOLE   0 0 6,300
ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 7,279 574,033 SH   SOLE   574,033 0 0
AMPCO-PITTSBURGH CORP COM 032037103 825 58,752 SH   SOLE   41,224 0 17,528
ARCONIC INC COM ADDED 03965L100 412 15,623 SH   SOLE   0 0 15,623
ARDMORE SHIPPING CORP COM Y0207T100 2,410 299,319 SH   SOLE   299,319 0 0
AT&T INC COM 00206R102 563 13,556 SH   SOLE   0 0 13,556
AUTOBYTEL INC COM NEW 05275N205 3,294 262,863 SH   SOLE   262,863 0 0
AXCELIS TECHNOLOGIES INC COM 054540109 6,557 348,762 SH   SOLE   348,762 0 0
BASIC ENERGY SVCS INC NEW COM NEW 06985P209 444 13,319 SH   SOLE   0 0 13,319
BLACK DIAMOND INC COM 09202G101 5,479 1,005,410 SH   SOLE   1,005,410 0 0
BOSTON SCIENTIFIC CORP COM 101137107 406 16,305 SH   SOLE   0 0 16,305
BROOKLINE BANCORP INC DEL COM 11373M107 3,733 238,506 SH   SOLE   238,506 0 0
CALLAWAY GOLF CO COM 131193104 5,572 503,372 SH   SOLE   503,372 0 0
CAPITAL SR LIVING CORP COM 140475104 714 50,805 SH   SOLE   0 0 50,805
CARRIZO OIL & GAS INC COM 144577103 2,912 101,600 SH   SOLE   101,600 0 0
CECO ENVIRONMENTAL CORP COM 125141101 930 88,495 SH   SOLE   53,378 0 35,117
CNO FINL GROUP INC COM 12621E103 4,612 224,996 SH   SOLE   224,996 0 0
COCA COLA EUROPEAN PARTNERS SHS G25839104 464 12,300 SH   SOLE   0 0 12,300
COMSTOCK RES INC NOTE 7.750% 4/0 205768AM6 525 620,000 SH   SOLE   0 0 620,000
CONDUENT INC COM 206787103 228 13,590 SH   SOLE   0 0 13,590
CONSOLIDATED EDISON INC COM 209115104 335 4,315 SH   SOLE   0 0 4,315
COVANTA HLDG CORP COM 22282E102 4,825 307,318 SH   SOLE   307,318 0 0
COWEN GROUP INC NEW CL A NEW 223622606 4,758 318,273 SH   SOLE   318,273 0 0
CRAWFORD & CO CL A 224633206 425 52,270 SH   SOLE   0 0 52,270
CSS INDS INC COM 125906107 4,132 159,410 SH   SOLE   159,410 0 0
CTS CORP COM 126501105 3,769 176,926 SH   SOLE   176,926 0 0
DANA HLDG CORP COM 235825205 2,934 151,953 SH   SOLE   151,953 0 0
DEAN FOODS CO COM NEW 242370203 2,634 133,997 SH   SOLE   133,997 0 0
EASTMAN KODAK CO COM NEW 277461406 1,438 125,019 SH   SOLE   125,019 0 0
ELDORADO RESORTS INC COM 28470R102 813 42,961 SH   SOLE   0 0 42,961
ELECTRO SCIENTIFIC INDS COM 285229100 3,864 554,417 SH   SOLE   554,417 0 0
ENTEGRIS INC COM 29362U104 371 15,836 SH   SOLE   0 0 15,836
EXELON CORP COM 30161N101 390 10,840 SH   SOLE   0 0 10,840
EXPRESS INC COM 30219E103 1,409 154,697 SH   SOLE   154,697 0 0
FLY LEASING LTD SPONSORED ADR 34407D109 7,091 540,450 SH   SOLE   508,655 0 31,795
GAIAM INC CL A 36269P104 2,020 203,064 SH   SOLE   203,064 0 0
GCP APPLIED TECHNOLOGIES INC COM ADDED 36164Y101 288 8,815 SH   SOLE   0 0 8,815
GENERAL ELECTRIC CO COM 369604103 518 17,382 SH   SOLE   0 0 17,382
GENWORTH FINL INC COM CL A 37247D106 4,295 1,042,542 SH   SOLE   959,582 0 82,960
G-III APPAREL GROUP LTD COM 36237H101 1,125 51,398 SH   SOLE   51,398 0 0
GLOBAL POWER EQUIPMENT GRP I COM PAR $0.01 37941P306 2,957 664,598 SH   SOLE   664,598 0 0
GRACE W R & CO DEL NEW COM 38388F108 758 10,875 SH   SOLE   0 0 10,875
GREENHILL & CO INC COM 395259104 5,153 175,865 SH   SOLE   175,865 0 0
GUESS INC COM 401617105 3,438 308,320 SH   SOLE   308,320 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 847 17,625 SH   SOLE   0 0 17,625
HOOPER HOLMES INC COM 439104100 358 427,674 SH   SOLE   427,674 0 0
HORIZON GLOBAL CORP COM 44052W104 1,029 74,153 SH   SOLE   74,153 0 0
INOVALON HLDGS INC COM CL A 45781D101 1,878 149,052 SH   SOLE   149,052 0 0
INVACARE CORP COM 461203101 6,075 510,498 SH   SOLE   510,498 0 0
IPASS INC COM 46261V108 3,532 3,019,060 SH   SOLE   3,019,060 0 0
JAKKS PAC INC COM 47012E106 2,643 480,617 SH   SOLE   480,617 0 0
JETBLUE AIRWAYS CORP COM 477143101 3,947 191,505 SH   SOLE   191,505 0 0
JOHNSON & JOHNSON COM 478160104 286 2,298 SH   SOLE   0 0 2,298
KCG HLDGS INC CL A 48244B100 8,375 469,690 SH   SOLE   469,690 0 0
KEY TRONICS CORP COM 493144109 548 74,709 SH   SOLE   0 0 74,709
KLX INC COM 482539103 396 8,870 SH   SOLE   0 0 8,870
LMI AEROSPACE INC COM 502079106 1,886 136,857 SH   SOLE   136,857 0 0
LOGMEIN INC COM 54142L109 600 6,150 SH   SOLE   0 0 6,150
LSI INDS INC COM 50216C108 3,286 325,663 SH   SOLE   325,663 0 0
MANITEX INTL INC COM 563420108 1,246 185,937 SH   SOLE   185,937 0 0
MCDERMOTT INTL INC COM 580037109 4,007 593,677 SH   SOLE   593,677 0 0
MERCURY SYS INC COM 589378108 549 14,050 SH   SOLE   0 0 14,050
METLIFE INC COM 59156R108 639 12,100 SH   SOLE   0 0 12,100
MFA FINL INC COM 55272X102 6,957 861,052 SH   SOLE   861,052 0 0
MGIC INVT CORP WIS COM 552848103 5,687 561,400 SH   SOLE   561,400 0 0
MICROSOFT CORP COM 594918104 540 8,200 SH   SOLE   0 0 8,200
MONDELEZ INTL INC CL A 609207105 347 8,050 SH   SOLE   0 0 8,050
MORGAN STANLEY COM NEW 617446448 568 13,250 SH   SOLE   0 0 13,250
NATIONAL WESTN LIFE INS CO CL A 638522102 5,046 16,591 SH   SOLE   16,591 0 0
NATIONSTAR MTG HLDGS INC COM 63861C109 4,379 277,848 SH   SOLE   277,848 0 0
NEOPHOTONICS CORP COM 64051T100 1,417 157,291 SH   SOLE   157,291 0 0
NEW YORK REIT INC COM 64976L109 387 39,920 SH   SOLE   0 0 39,920
NEWELL BRANDS INC COM 651229106 561 11,892 SH   SOLE   0 0 11,892
NISOURCE INC COM 65473P105 322 13,550 SH   SOLE   0 0 13,550
OFFICE DEPOT INC COM 676220106 5,001 1,071,977 SH   SOLE   1,071,977 0 0
ORION ENERGY SYSTEMS INC COM 686275108 2,791 1,409,622 SH   SOLE   1,409,622 0 0
ORION ENGINEERED CARBONS S A COM L72967109 2,357 114,960 SH   SOLE   84,115 0 30,845
OWENS & MINOR INC NEW COM 690732102 4,072 117,687 SH   SOLE   117,687 0 0
OWENS ILL INC COM NEW 690768403 7,568 371,322 SH   SOLE   350,297 0 21,025
PAN AMERICAN SILVER CORP COM 697900108 2,085 119,000 SH   SOLE   119,000 0 0
PERFORMANCE FOOD GROUP CO COM 71377A103 5,499 231,045 SH   SOLE   184,200 0 46,845
PFIZER INC COM 717081103 396 11,585 SH   SOLE   0 0 11,585
PTC INC COM 69370C100 365 6,950 SH   SOLE   0 0 6,950
PURECYCLE CORP COM NEW 746228303 580 104,576 SH   SOLE   104,576 0 0
QUICKLOGIC CORP COM 74837P108 484 271,800 SH   SOLE   250,000 0 21,800
REALNETWORKS INC COM NEW 75605L708 390 80,635 SH   SOLE   80,060 0 575
RED LION HOTELS CORP COM 756764106 763 108,161 SH   SOLE   0 0 108,161
SANMINA CORPORATION COM 801056102 6,104 150,340 SH   SOLE   150,340 0 0
SEABOARD CORP COM 811543107 5,771 1,384 SH   SOLE   1,384 0 0
SEACHANGE INTL INC COM 811699107 756 304,762 SH   SOLE   304,762 0 0
SEACOR HOLDINGS INC COM 811904101 4,547 65,720 SH   SOLE   65,720 0 0
SELECTIVE INS GROUP INC COM 816300107 1,873 39,714 SH   SOLE   39,714 0 0
STERLING CONSTRUCTION CO INC COM 859241101 1,525 164,895 SH   SOLE   164,895 0 0
STEWART INFORMATION SVCS COR COM 860372101 3,023 68,433 SH   SOLE   68,433 0 0
STONE ENERGY CORP COM PAR ADDED 861642403 267 12,206 SH   SOLE   0 0 12,206
STONERIDGE INC COM 86183P102 1,314 72,428 SH   SOLE   72,428 0 0
SUPERIOR DRILLING PRODS INC COM 868153107 10 10,986 SH   SOLE   0 0 10,986
SYMANTEC CORP COM 871503108 397 12,924 SH   SOLE   0 0 12,924
TECK RESOURCES LTD CL B 878742204 409 18,685 SH   SOLE   0 0 18,685
TETRA TECHNOLOGIES INC DEL COM 88162F105 3,061 752,175 SH   SOLE   752,175 0 0
TRAVELCENTERS OF AMERICA LLC COM 894174101 3,314 543,217 SH   SOLE   543,217 0 0
TRAVELPORT WORLDWIDE LTD SHS G9019D104 244 20,736 SH   SOLE   0 0 20,736
TRI POINTE GROUP INC COM 87265H109 4,675 372,842 SH   SOLE   372,842 0 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 1,913 320,984 SH   SOLE   320,984 0 0
TRIUMPH GROUP INC NEW COM 896818101 2,991 116,146 SH   SOLE   116,146 0 0
TRUSTCO BK CORP N Y COM 898349105 467 59,550 SH   SOLE   0 0 59,550
US FOODS HLDG CORP COM 912008109 440 15,725 SH   SOLE   0 0 15,725
VISHAY INTERTECHNOLOGY INC COM 928298108 6,103 371,000 SH   SOLE   371,000 0 0
VISTA OUTDOOR INC COM 928377100 3,278 159,199 SH   SOLE   159,199 0 0
VONAGE HLDGS CORP COM 92886T201 8,386 1,326,857 SH   SOLE   1,326,857 0 0
WESCO AIRCRAFT HLDGS INC COM 950814103 425 37,324 SH   SOLE   37,324 0 0
WOLVERINE WORLD WIDE INC COM 978097103 3,726 149,238 SH   SOLE   149,238 0 0
XCERRA CORP COM 98400J108 4,391 493,886 SH   SOLE   493,886 0 0
XEROX CORP COM 984121103 499 67,950 SH   SOLE   0 0 67,950