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
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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
AMBAC FINL GROUP INC COM NEW 023139884   810,685 72,318 SH   SOLE   50,883 0 21,435
AMERIPRISE FINL INC COM 03076C106   1,221,506 2,600 SH   SOLE   2,500 0 100
AXOS FINANCIAL INC COM 05465C100   9,631,958 153,180 SH   SOLE   140,000 0 13,180
BANC OF CALIFORNIA INC COM 05990K106   4,782,831 324,700 SH   SOLE   320,600 0 4,100
BARCLAYS PLC ADR 06738E204   6,675,635 549,435 SH   SOLE   544,000 0 5,435
BUSINESS FIRST BANCSHARES IN COM 12326C105   1,085,379 42,282 SH   SOLE   40,497 0 1,785
BRIDGEWATER BANCSHARES INC COM 108621103   1,440,735 101,675 SH   SOLE   92,000 0 9,675
CARLYLE GROUP INC COM 14316J108   6,988,638 162,300 SH   SOLE   143,000 0 19,300
CONNECTONE BANCORP INC COM 20786W107   2,596,858 103,667 SH   SOLE   67,952 0 35,715
CUSTOMERS BANCORP INC COM 23204G100   3,534,845 76,100 SH   SOLE   72,000 0 4,100
CAESARS ENTERTAINMENT INC NE COM 12769G100   375,660 9,000 SH   SOLE   9,000 0 0
DIME CMNTY BANCSHARES INC COM 25432X102   4,079,094 141,635 SH   SOLE   139,535 0 2,100
DELL TECHNOLOGIES INC CL C 24703L202   474,160 4,000 SH   SOLE   4,000 0 0
ESQUIRE FINL HLDGS INC COM 29667J101   6,087,549 93,353 SH   SOLE   73,760 0 19,593
FIRST BUSINESS FINL SVCS INC COM 319390100   1,087,322 23,850 SH   SOLE   22,500 0 1,350
FIRST CTZNS BANCSHARES INC N CL A 31946M103   16,049,402 8,718 SH   SOLE   7,900 0 818
FUNDAMENTAL GLOBAL INC COM 30329Y106   25,473 24,260 SH   SOLE   0 0 24,260
PGIM GLOBAL HIGH YIELD FD FO COM 69346J106   242,820 19,000 SH   SOLE   0 0 19,000
GLOBAL PMTS INC COM 37940X102   8,859,842 86,505 SH   SOLE   78,600 0 7,905
U S GLOBAL INVS INC CL A 902952100   763,631 295,981 SH   SOLE   295,981 0 0
ROBINHOOD MKTS INC COM CL A 770700102   15,850,656 676,800 SH   SOLE   613,000 0 63,800
ANYWHERE REAL ESTATE INC COM 75605Y106   8,982,710 1,768,250 SH   SOLE   1,538,500 0 229,750
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107   1,421,472 10,200 SH   SOLE   10,200 0 0
FIRST INTERNET BANCORP COM 320557101   1,603,813 46,813 SH   SOLE   41,923 0 4,890
ISHARES TR RUS 2000 VAL ETF 464287630   583,036 3,495 SH   SOLE   0 0 3,495
JACKSON FINANCIAL INC COM CL A 46817M107   10,108,284 110,800 SH   SOLE   100,800 0 10,000
KINGSTONE COS INC COM 496719105   2,929,501 320,164 SH   SOLE   314,164 0 6,000
KKR INCOME OPPORTUNITIES FD COM 48249T106   290,669 19,693 SH   SOLE   0 0 19,693
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107   920,571 1,616 SH   SOLE   0 0 1,616
META PLATFORMS INC CL A 30303M102   1,162,053 2,030 SH   SOLE   2,000 0 30
NAVIENT CORPORATION COM 63938C108   1,078,750 69,195 SH   SOLE   37,000 0 32,195
NORTHEAST BK LEWISTON ME COM 66405S100   7,589,206 98,395 SH   SOLE   86,800 0 11,595
OFG BANCORP COM 67103X102   9,108,653 202,775 SH   SOLE   180,255 0 22,520
ONEMAIN HLDGS INC COM 68268W103   4,316,366 91,701 SH   SOLE   89,000 0 2,701
OP BANCORP COM 67109R109   3,173,327 254,273 SH   SOLE   254,273 0 0
OLD SECOND BANCORP INC ILL COM 680277100   5,217,973 334,700 SH   SOLE   282,400 0 52,300
PIONEER BANCORP INC MD COM 723561106   417,529 38,061 SH   SOLE   38,061 0 0
INVESCO EXCHANGE TRADED FD T BUYBACK ACHIEV 46137V308   1,073,740 9,376 SH   SOLE   0 0 9,376
PINNACLE FINL PARTNERS INC COM 72346Q104   7,884,626 80,480 SH   SOLE   71,000 0 9,480
PAYPAL HLDGS INC COM 70450Y103   8,588,372 110,065 SH   SOLE   94,800 0 15,265
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357   3,708,612 20,700 SH   SOLE   0 0 20,700
STIFEL FINL CORP COM 860630102   1,126,800 12,000 SH   SOLE   12,000 0 0
SLM CORP COM 78442P106   8,694,030 380,150 SH   SOLE   368,000 0 12,150
SOTHERLY HOTELS INC COM 83600C103   1,155,313 954,804 SH   SOLE   810,596 0 144,208
BLOCK INC CL A 852234103   2,107,882 31,400 SH   SOLE   31,400 0 0
SUNCOKE ENERGY INC COM 86722A103   669,896 77,177 SH   SOLE   72,000 0 5,177
SYNCHRONY FINANCIAL COM 87165B103   628,488 12,600 SH   SOLE   12,600 0 0
TRUIST FINL CORP COM 89832Q109   2,480,660 58,000 SH   SOLE   58,000 0 0
UMB FINL CORP COM 902788108   10,579,322 100,650 SH   SOLE   90,000 0 10,650
UNITY BANCORP INC COM 913290102   793,768 23,305 SH   SOLE   23,305 0 0
VISA INC COM CL A 92826C839   628,536 2,286 SH   SOLE   1,900 0 386
VICTORY CAP HLDGS INC COM CL A 92645B103   7,256,403 130,982 SH   SOLE   120,346 0 10,636
VIRTUS INVT PARTNERS INC COM 92828Q109   3,838,171 18,325 SH   SOLE   14,855 0 3,470
WESTERN ALLIANCE BANCORP COM 957638109   8,847,927 102,300 SH   SOLE   90,300 0 12,000
WEBSTER FINL CORP COM 947890109   3,561,004 76,400 SH   SOLE   74,400 0 2,000
WEX INC COM 96208T104   587,454 2,801 SH   SOLE   2,801 0 0
UNITED STATES STL CORP NEW COM 912909108   291,472 8,250 SH   SOLE   8,250 0 0