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 483 6,585 SH   SOLE   0 6,585 0
ACCURAY INC COM 004397105 2,464 547,511 SH   SOLE   547,511 0 0
ADTRAN INC COM 00738A106 5,818 329,650 SH   SOLE   329,650 0 0
ADVANTAGE OIL & GAS LTD COM 00765F101 2,148 772,966 SH   SOLE   772,966 0 0
AEROHIVE NETWORKS INC COM 007786106 2,395 581,399 SH   SOLE   581,399 0 0
ALCOA CORP COM 013872106 207 5,128 SH   SOLE   0 5,128 0
ALLSCRIPTS HEALTHCARE SOLUTN COM 01988P108 7,427 521,177 SH   SOLE   521,177 0 0
AMPCO-PITTSBURGH CORP COM 032037103 707 119,753 SH   SOLE   102,222 17,531 0
ANTERO RES CORP COM 03674X106 674 38,085 SH   SOLE   0 38,085 0
ARDMORE SHIPPING CORP COM Y0207T100 2,566 394,837 SH   SOLE   394,837 0 0
AT&T INC COM 00206R102 455 13,556 SH   SOLE   0 13,556 0
AUTOWEB INC COM 05335B100 479 161,808 SH   SOLE   161,808 0 0
BOSTON SCIENTIFIC CORP COM 101137107 551 14,315 SH   SOLE   0 14,315 0
BROOKLINE BANCORP INC DEL COM 11373M107 1,582 94,706 SH   SOLE   94,706 0 0
CARRIZO OIL & GAS INC COM 144577103 2,853 113,200 SH   SOLE   113,200 0 0
CECO ENVIRONMENTAL CORP COM 125141101 1,263 160,298 SH   SOLE   139,626 20,672 0
CELESTICA INC SUB VTG SHS 15101Q108 4,836 446,532 SH   SOLE   446,532 0 0
CENTURY ALUM CO COM 156431108 3,626 302,932 SH   SOLE   302,932 0 0
CHICOS FAS INC COM 168615102 2,824 325,730 SH   SOLE   325,730 0 0
CIENA CORP COM NEW 171779309 7,144 228,670 SH   SOLE   198,700 29,970 0
CISION LTD SHS G1992S109 593 35,295 SH   SOLE   0 35,295 0
CLARUS CORP NEW COM 18270P109 7,920 716,699 SH   SOLE   679,102 37,597 0
CLEVELAND CLIFFS INC COM 185899101 6,341 500,856 SH   SOLE   500,856 0 0
CNO FINL GROUP INC COM 12621E103 3,368 158,697 SH   SOLE   158,697 0 0
COCA COLA EUROPEAN PARTNERS SHS G25839104 310 6,810 SH   SOLE   0 6,810 0
COMPASS DIVERSIFIED HOLDINGS SH BEN INT 20451Q104 1,013 55,786 SH   SOLE   0 55,786 0
CONDUENT INC COM 206787103 4,318 191,734 SH   SOLE   191,734 0 0
CONSOLIDATED EDISON INC COM 209115104 329 4,315 SH   SOLE   0 4,315 0
COVANTA HLDG CORP COM 22282E102 6,207 381,965 SH   SOLE   381,965 0 0
COWEN INC CL A NEW 223622606 6,964 427,268 SH   SOLE   427,268 0 0
CRAWFORD & CO CL A 224633206 259 28,752 SH   SOLE   0 28,752 0
CSS INDS INC COM 125906107 2,906 204,214 SH   SOLE   204,214 0 0
CUI GLOBAL INC COM NEW 126576206 26 11,869 SH   SOLE   0 11,869 0
DANA INCORPORATED COM 235825205 1,387 74,300 SH   SOLE   74,300 0 0
DONNELLEY FINL SOLUTIONS INC COM 25787G100 5,982 333,839 SH   SOLE   333,839 0 0
DOWDUPONT INC COM 26078J100 579 9,005 SH   SOLE   0 9,005 0
EXELON CORP COM 30161N101 443 10,140 SH   SOLE   0 10,140 0
FERROGLOBE PLC SHS G33856108 3,745 458,371 SH   SOLE   458,371 0 0
FLAHERTY & CRUMRINE DYN PFD SHS 33848W106 575 25,000 SH   SOLE   0 25,000 0
FLY LEASING LTD SPONSORED ADR 34407D109 4,738 336,031 SH   SOLE   304,786 31,245 0
GCP APPLIED TECHNOLOGIES INC COM 36164Y101 234 8,815 SH   SOLE   0 8,815 0
GENERAL ELECTRIC CO COM 369604103 314 27,804 SH   SOLE   0 27,804 0
GENWORTH FINL INC COM CL A 37247D106 4,344 1,041,641 SH   SOLE   1,015,241 26,400 0
GRACE W R & CO DEL NEW COM 38388F108 770 10,778 SH   SOLE   0 10,778 0
GRAY TELEVISION INC COM 389375106 7,223 412,740 SH   SOLE   412,740 0 0
GREENHILL & CO INC COM 395259104 2,800 106,257 SH   SOLE   106,257 0 0
GUESS INC COM 401617105 2,645 117,020 SH   SOLE   117,020 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 461 9,222 SH   SOLE   0 9,222 0
HARVARD BIOSCIENCE INC COM 416906105 2,569 489,320 SH   SOLE   489,320 0 0
HORIZON GLOBAL CORP COM 44052W104 3,717 521,276 SH   SOLE   521,276 0 0
INFINERA CORPORATION COM 45667G103 2,667 365,390 SH   SOLE   329,130 36,260 0
INVACARE CORP COM 461203101 3,666 251,950 SH   SOLE   225,126 26,824 0
INVESTORS REAL ESTATE TR SH BEN INT 461730103 1,068 178,512 SH   SOLE   178,512 0 0
JAKKS PAC INC COM 47012E106 1,088 426,543 SH   SOLE   426,543 0 0
JETBLUE AIRWAYS CORP COM 477143101 3,572 184,505 SH   SOLE   184,505 0 0
JOHNSON & JOHNSON COM 478160104 215 1,558 SH   SOLE   0 1,558 0
KEY TRONIC CORP COM 493144109 444 58,088 SH   SOLE   0 58,088 0
KIMBELL RTY PARTNERS LP UNIT 49435R102 804 40,968 SH   SOLE   0 40,968 0
LOGMEIN INC COM 54142L109 544 6,102 SH   SOLE   0 6,102 0
LSI INDS INC COM 50216C108 1,711 371,872 SH   SOLE   371,872 0 0
LYDALL INC DEL COM 550819106 1,481 34,362 SH   SOLE   34,362 0 0
MANITEX INTL INC COM 563420108 1,569 148,971 SH   SOLE   148,971 0 0
MCDERMOTT INTL INC COM 580037703 3,612 196,000 SH   SOLE   196,000 0 0
METLIFE INC COM 59156R108 435 9,303 SH   SOLE   0 9,303 0
MFA FINL INC COM 55272X102 4,814 654,952 SH   SOLE   654,952 0 0
MGIC INVT CORP WIS COM 552848103 6,260 470,300 SH   SOLE   470,300 0 0
MICROSOFT CORP COM 594918104 601 5,255 SH   SOLE   0 5,255 0
MONDELEZ INTL INC CL A 609207105 346 8,050 SH   SOLE   0 8,050 0
NATIONAL WESTN LIFE INS CO CL A 638517102 5,551 17,389 SH   SOLE   17,389 0 0
NCI BUILDING SYS INC COM NEW 628852204 400 26,390 SH   SOLE   0 26,390 0
NEWELL BRANDS INC COM 651229106 556 27,403 SH   SOLE   0 27,403 0
NISOURCE INC COM 65473P105 298 11,965 SH   SOLE   0 11,965 0
NUANCE COMMUNICATIONS INC COM 67020Y100 1,223 70,640 SH   SOLE   0 70,640 0
OAKTREE CAP GROUP LLC UNIT CL A 674001201 1,106 26,710 SH   SOLE   25,910 0 0
OFFICE DEPOT INC COM 676220106 4,850 1,510,866 SH   SOLE   1,510,866 0 0
ORION ENERGY SYSTEMS INC COM 686275108 1,276 1,328,938 SH   SOLE   1,328,938 0 0
ORION ENGINEERED CARBONS S A COM L72967109 3,317 103,348 SH   SOLE   96,764 6,584 0
OWENS ILL INC COM NEW 690768403 7,235 385,038 SH   SOLE   364,138 20,900 0
PAN AMERICAN SILVER CORP COM 697900108 3,120 211,403 SH   SOLE   211,403 0 0
PATTERSON COMPANIES INC CALL 703395103 675 27,600 SH   SOLE   27,600 0 0
PFIZER INC COM 717081103 396 8,985 SH   SOLE   0 8,985 0
PURECYCLE CORP COM NEW 746228303 832 72,046 SH   SOLE   72,046 0 0
QUICKLOGIC CORP COM 74837P108 295 294,775 SH   SOLE   272,975 21,800 0
REALNETWORKS INC COM NEW 75605L708 150 51,155 SH   SOLE   50,580 575 0
RED LION HOTELS CORP COM 756764106 764 61,097 SH   SOLE   0 61,097 0
ROWAN COMPANIES PLC SHS CL A G7665A101 3,900 207,140 SH   SOLE   207,140 0 0
SANMINA CORPORATION COM 801056102 3,830 138,754 SH   SOLE   138,754 0 0
SEABOARD CORP COM 811543107 3,513 947 SH   SOLE   947 0 0
SEACOR HOLDINGS INC COM 811904101 2,656 53,752 SH   SOLE   53,752 0 0
SOUTHWESTERN ENERGY CO COM 845467109 3,599 704,221 SH   SOLE   704,221 0 0
STEWART INFORMATION SVCS COR COM 860372101 6,010 133,535 SH   SOLE   133,535 0 0
SUPERIOR DRILLING PRODS INC COM 868153107 475 148,817 SH   SOLE   127,817 21,000 0
TECHNIPFMC PLC COM G87110105 502 16,062 SH   SOLE   0 16,062 0
TECK RESOURCES LTD CL B 878742204 429 17,805 SH   SOLE   0 17,805 0
TETRA TECHNOLOGIES INC DEL COM 88162F105 3,404 754,860 SH   SOLE   754,860 0 0
THESTREET INC COM 88368Q103 1,313 597,008 SH   SOLE   597,008 0 0
TOWER INTL INC COM 891826109 516 17,064 SH   SOLE   17,064 0 0
TRAVELCENTERS OF AMER LLC COM 894174101 2,419 424,370 SH   SOLE   424,370 0 0
TRI POINTE GROUP INC COM 87265H109 2,225 179,437 SH   SOLE   179,437 0 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 2,241 560,295 SH   SOLE   560,295 0 0
TRINITY INDS INC COM 896522109 712 19,425 SH   SOLE   0 19,425 0
TRIUMPH GROUP INC NEW COM 896818101 4,583 196,693 SH   SOLE   196,693 0 0
TRUSTCO BK CORP N Y COM 898349105 355 41,795 SH   SOLE   0 41,795 0
TYSON FOODS INC CL A 902494103 737 12,380 SH   SOLE   0 12,380 0
UNITED NAT FOODS INC COM 911163103 4,351 145,275 SH   SOLE   125,100 20,175 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 209 2,505 SH   SOLE   0 2,505 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 238 3,050 SH   SOLE   0 3,050 0
VERIZON COMMUNICATIONS INC COM 92343V104 1,012 18,950 SH   SOLE   0 18,950 0
VISHAY INTERTECHNOLOGY INC COM 928298108 3,620 177,911 SH   SOLE   177,911 0 0
VONAGE HLDGS CORP COM 92886T201 6,484 457,919 SH   SOLE   457,919 0 0
WMIH CORP COM 92936P100 4,841 3,482,972 SH   SOLE   3,482,972 0 0
XCERRA CORP COM 98400J108 1,926 134,941 SH   SOLE   134,941 0 0
XEROX CORP COM 984121103 442 16,400 SH   SOLE   0 16,400 0