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 344 7,085 SH   SOLE   0 0 7,085
ABBVIE INC COM 00287Y109 457 6,300 SH   SOLE   0 0 6,300
ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 7,325 574,033 SH   SOLE   574,033 0 0
AMPCO-PITTSBURGH CORP COM 032037103 867 58,755 SH   SOLE   41,224 0 17,531
ARCONIC INC COM ADDED 03965L100 349 15,423 SH   SOLE   0 0 15,423
ARDMORE SHIPPING CORP COM Y0207T100 2,707 332,163 SH   SOLE   332,163 0 0
AT&T INC COM 00206R102 511 13,556 SH   SOLE   0 0 13,556
AUTOBYTEL INC COM NEW 05275N205 3,576 283,575 SH   SOLE   283,575 0 0
AXCELIS TECHNOLOGIES INC COM 054540109 2,252 107,495 SH   SOLE   107,495 0 0
BLACK DIAMOND INC COM 09202G101 5,946 894,083 SH   SOLE   894,083 0 0
BOSTON SCIENTIFIC CORP COM 101137107 452 16,305 SH   SOLE   0 0 16,305
BROOKLINE BANCORP INC DEL COM 11373M107 3,482 238,506 SH   SOLE   238,506 0 0
CALLAWAY GOLF CO COM 131193104 6,259 489,772 SH   SOLE   489,772 0 0
CAPITAL SR LIVING CORP COM 140475104 758 49,850 SH   SOLE   0 0 49,850
CARRIZO OIL & GAS INC COM 144577103 1,851 106,250 SH   SOLE   106,250 0 0
CECO ENVIRONMENTAL CORP COM 125141101 322 35,124 SH   SOLE   0 0 35,124
CNO FINL GROUP INC COM 12621E103 4,698 224,996 SH   SOLE   224,996 0 0
COCA COLA EUROPEAN PARTNERS SHS G25839104 500 12,300 SH   SOLE   0 0 12,300
COMSTOCK RES INC NOTE 7.750% 4/0 205768AM6 499 647,482 SH   SOLE   0 0 647,482
CONDUENT INC COM 206787103 212 13,290 SH   SOLE   0 0 13,290
CONSOLIDATED EDISON INC COM 209115104 349 4,315 SH   SOLE   0 0 4,315
COVANTA HLDG CORP COM 22282E102 4,133 313,118 SH   SOLE   313,118 0 0
COWEN INC CL A NEW 223622606 5,854 360,276 SH   SOLE   360,276 0 0
CRAWFORD & CO CL A 224633206 407 52,282 SH   SOLE   0 0 52,282
CSS INDS INC COM 125906107 3,496 133,629 SH   SOLE   133,629 0 0
CTS CORP COM 126501105 3,127 144,777 SH   SOLE   144,777 0 0
DANA HLDG CORP COM 235825205 2,423 108,504 SH   SOLE   108,504 0 0
DEAN FOODS CO COM NEW 242370203 2,278 133,997 SH   SOLE   133,997 0 0
ELDORADO RESORTS INC COM 28470R102 857 42,867 SH   SOLE   0 0 42,867
ELECTRO SCIENTIFIC INDS COM 285229100 3,756 455,834 SH   SOLE   455,834 0 0
ENTEGRIS INC COM 29362U104 348 15,836 SH   SOLE   0 0 15,836
EXELON CORP COM 30161N101 391 10,840 SH   SOLE   0 0 10,840
FLY LEASING LTD SPONSORED ADR 34407D109 6,361 472,907 SH   SOLE   441,112 0 31,795
GAIAM INC CL A 36269P104 1,841 164,357 SH   SOLE   164,357 0 0
GCP APPLIED TECHNOLOGIES INC COM ADDED 36164Y101 269 8,815 SH   SOLE   0 0 8,815
GENERAL ELECTRIC CO COM 369604103 469 17,382 SH   SOLE   0 0 17,382
GENWORTH FINL INC COM CL A 37247D106 3,930 1,042,452 SH   SOLE   959,582 0 82,870
G-III APPAREL GROUP LTD COM 36237H101 1,282 51,398 SH   SOLE   51,398 0 0
GLOBAL POWER EQUIPMENT GRP I COM PAR $0.01 37941P306 2,293 664,598 SH   SOLE   664,598 0 0
GRACE W R & CO DEL NEW COM 38388F108 780 10,826 SH   SOLE   0 0 10,826
GREENHILL & CO INC COM 395259104 3,776 187,865 SH   SOLE   187,865 0 0
GUESS INC COM 401617105 3,940 308,320 SH   SOLE   308,320 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 916 17,425 SH   SOLE   0 0 17,425
HORIZON GLOBAL CORP COM 44052W104 1,189 82,812 SH   SOLE   82,812 0 0
HOUGHTON MIFFLIN HARCOURT CO COM 44157R109 2,053 166,924 SH   SOLE   166,924 0 0
INFINERA CORPORATION COM 45667G103 2,411 226,000 SH   SOLE   226,000 0 0
INOVALON HLDGS INC COM CL A 45781D101 458 34,815 SH   SOLE   34,815 0 0
INVACARE CORP COM 461203101 8,188 620,285 SH   SOLE   506,399 0 113,886
IPASS INC COM 46261V108 2,925 2,215,874 SH   SOLE   2,215,874 0 0
JAKKS PAC INC COM 47012E106 1,922 480,617 SH   SOLE   480,617 0 0
JETBLUE AIRWAYS CORP COM 477143101 4,212 184,505 SH   SOLE   184,505 0 0
JOHNSON & JOHNSON COM 478160104 304 2,298 SH   SOLE   0 0 2,298
KCG HLDGS INC CL A 48244B100 4,813 241,369 SH   SOLE   241,369 0 0
KEY TRONICS CORP COM 493144109 529 74,559 SH   SOLE   0 0 74,559
KLX INC COM 482539103 444 8,870 SH   SOLE   0 0 8,870
LOGMEIN INC COM 54142L109 643 6,150 SH   SOLE   0 0 6,150
LSI INDS INC COM 50216C108 2,947 325,663 SH   SOLE   325,663 0 0
MANITEX INTL INC COM 563420108 1,401 200,737 SH   SOLE   200,737 0 0
MCDERMOTT INTL INC COM 580037109 3,332 464,677 SH   SOLE   464,677 0 0
METLIFE INC COM 59156R108 681 12,400 SH   SOLE   0 0 12,400
MFA FINL INC COM 55272X102 7,014 836,052 SH   SOLE   836,052 0 0
MGIC INVT CORP WIS COM 552848103 6,288 561,400 SH   SOLE   561,400 0 0
MICROSOFT CORP COM 594918104 562 8,150 SH   SOLE   0 0 8,150
MONDELEZ INTL INC CL A 609207105 348 8,050 SH   SOLE   0 0 8,050
MORGAN STANLEY COM NEW 617446448 590 13,250 SH   SOLE   0 0 13,250
NATIONAL WESTN LIFE INS CO CL A 638522102 5,303 16,591 SH   SOLE   16,591 0 0
NATIONSTAR MTG HLDGS INC COM 63861C109 4,810 268,848 SH   SOLE   268,848 0 0
NEOPHOTONICS CORP COM 64051T100 454 58,861 SH   SOLE   58,861 0 0
NEW YORK REIT INC COM 64976L109 345 39,920 SH   SOLE   0 0 39,920
NEWELL BRANDS INC COM 651229106 638 11,893 SH   SOLE   0 0 11,893
NISOURCE INC COM 65473P105 344 13,550 SH   SOLE   0 0 13,550
OFFICE DEPOT INC COM 676220106 5,451 966,492 SH   SOLE   966,492 0 0
ORION ENERGY SYSTEMS INC COM 686275108 1,703 1,330,443 SH   SOLE   1,330,443 0 0
ORION ENGINEERED CARBONS S A COM L72967109 2,548 127,723 SH   SOLE   96,872 0 30,851
OWENS & MINOR INC NEW COM 690732102 4,665 144,914 SH   SOLE   144,914 0 0
OWENS ILL INC COM NEW 690768403 8,211 343,263 SH   SOLE   322,338 0 20,925
PAN AMERICAN SILVER CORP COM 697900108 2,703 160,700 SH   SOLE   160,700 0 0
PERFORMANCE FOOD GROUP CO COM 71377A103 6,331 231,045 SH   SOLE   184,200 0 46,845
PFIZER INC COM 717081103 389 11,585 SH   SOLE   0 0 11,585
PTC INC COM 69370C100 383 6,950 SH   SOLE   0 0 6,950
PURECYCLE CORP COM NEW 746228303 582 75,154 SH   SOLE   75,154 0 0
QUICKLOGIC CORP COM 74837P108 408 279,300 SH   SOLE   257,500 0 21,800
REALNETWORKS INC COM NEW 75605L708 349 80,635 SH   SOLE   80,060 0 575
RED LION HOTELS CORP COM 756764106 795 108,161 SH   SOLE   0 0 108,161
SANMINA CORPORATION COM 801056102 4,657 122,240 SH   SOLE   122,240 0 0
SEABOARD CORP COM 811543107 4,279 1,071 SH   SOLE   1,071 0 0
SEACHANGE INTL INC COM 811699107 410 154,070 SH   SOLE   154,070 0 0
SEACOR HOLDINGS INC COM 811904101 1,844 53,752 SH   SOLE   53,752 0 0
SEACOR MARINE HLDGS INC COM 78413P101 204 10,008 SH   SOLE   10,008 0 0
SELECTIVE INS GROUP INC COM 816300107 1,357 27,114 SH   SOLE   27,114 0 0
STERLING CONSTRUCTION CO INC COM 859241101 573 43,809 SH   SOLE   43,809 0 0
STEWART INFORMATION SVCS COR COM 860372101 3,124 68,833 SH   SOLE   68,833 0 0
STONERIDGE INC COM 86183P102 2,814 182,594 SH   SOLE   182,594 0 0
SUPERIOR DRILLING PRODS INC COM 868153107 13 21,000 SH   SOLE   0 0 21,000
TECK RESOURCES LTD CL B 878742204 322 18,605 SH   SOLE   0 0 18,605
TETRA TECHNOLOGIES INC DEL COM 88162F105 2,146 769,175 SH   SOLE   769,175 0 0
TRAVELCENTERS OF AMERICA LLC COM 894174101 1,941 473,516 SH   SOLE   473,516 0 0
TRAVELPORT WORLDWIDE LTD SHS G9019D104 285 20,739 SH   SOLE   0 0 20,739
TRI POINTE GROUP INC COM 87265H109 4,918 372,842 SH   SOLE   372,842 0 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 1,926 320,984 SH   SOLE   320,984 0 0
TRIUMPH GROUP INC NEW COM 896818101 3,465 109,646 SH   SOLE   109,646 0 0
TRUSTCO BK CORP N Y COM 898349105 462 59,550 SH   SOLE   0 0 59,550
UNITED NAT FOODS INC COM 911163103 1,725 47,000 SH   SOLE   47,000 0 0
US FOODS HLDG CORP COM 912008109 428 15,725 SH   SOLE   0 0 15,725
VISHAY INTERTECHNOLOGY INC COM 928298108 4,760 286,750 SH   SOLE   286,750 0 0
VISTA OUTDOOR INC COM 928377100 4,563 202,699 SH   SOLE   202,699 0 0
VONAGE HLDGS CORP COM 92886T201 8,062 1,232,779 SH   SOLE   1,232,779 0 0
WOLVERINE WORLD WIDE INC COM 978097103 2,710 96,767 SH   SOLE   96,767 0 0
XCERRA CORP COM 98400J108 3,076 314,814 SH   SOLE   314,814 0 0
XEROX CORP COM 984121103 485 16,883 SH   SOLE   0 0 16,883