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
3M CO COM 88579Y101 2,691 15,271 SH   SOLE   971 0 14,300
ALLIED HEALTHCARE PRODS INC COM 019222108 281 343,644 SH   SOLE   343,644 0 0
AMREP CORP NEW COM 032159105 388 49,032 SH   SOLE   49,032 0 0
BENEFICIAL BANCORP INC COM 08171T102 3,076 209,164 SH   SOLE   209,164 0 0
BRT RLTY TR SH BEN INT NEW 055645303 1,497 187,192 SH   SOLE   187,192 0 0
CENTRAL FD CDA LTD CL A 153501101 2,106 151,950 SH   SOLE   23,680 0 128,270
CISCO SYS INC COM 17275R102 7,419 233,903 SH   SOLE   57,090 0 176,813
COMMERCE UN BANCSHARES INC COM 200828101 2,048 103,474 SH   SOLE   103,474 0 0
CORNING INC COM 219350105 8,399 355,147 SH   SOLE   98,445 0 256,702
DORIAN LPG LTD SHS USD Y2106R110 7,716 1,286,051 SH   SOLE   609,922 0 676,129
EAGLE BANCORP MONT INC COM 26942G100 1,595 112,250 SH   SOLE   112,250 0 0
ENGLOBAL CORP COM 293306106 1,436 951,627 SH   SOLE   951,627 0 0
ENTEGRA FINL CORP COM 29363J108 1,285 69,953 SH   SOLE   69,953 0 0
ESSA BANCORP INC COM 29667D104 1,654 119,600 SH   SOLE   119,600 0 0
FIRST NORTHWEST BANCORP COM 335834107 1,412 104,706 SH   SOLE   104,706 0 0
FRIEDMAN INDS INC COM 358435105 790 146,542 SH   SOLE   146,542 0 0
FRP HLDGS INC COM 30292L107 643 20,726 SH   SOLE   20,726 0 0
GEORGETOWN BANCORP INC MD COM 372591107 753 36,068 SH   SOLE   36,068 0 0
GRAHAM CORP COM 384556106 1,412 73,938 SH   SOLE   73,938 0 0
HARDINGE INC COM 412324303 920 82,700 SH   SOLE   82,700 0 0
HELMERICH & PAYNE INC COM 423452101 6,572 97,665 SH   SOLE   28,903 0 68,762
HOME FED BANCORP INC LA NEW COM 43708L108 1,387 59,465 SH   SOLE   59,465 0 0
HOMETRUST BANCSHARES INC COM 437872104 5,693 307,750 SH   SOLE   162,270 0 145,480
HOPFED BANCORP INC COM 439734104 1,667 148,888 SH   SOLE   148,888 0 0
HURCO COMPANIES INC COM 447324104 1,330 47,412 SH   SOLE   47,412 0 0
IF BANCORP INC COM 44951J105 1,295 69,519 SH   SOLE   69,519 0 0
KEARNY FINL CORP MD COM 48716P108 732 53,850 SH   SOLE   53,850 0 0
MALVERN BANCORP INC COM 561409103 1,605 97,926 SH   SOLE   97,926 0 0
MCEWEN MNG INC COM 58039P107 1,957 533,500 SH   SOLE   503,500 0 30,000
NUCOR CORP COM 670346105 1,058 21,400 SH   SOLE   21,400 0 0
PATHFINDER BANCORP INC MD COM 70319R109 748 61,550 SH   SOLE   61,550 0 0
PROVIDENCE & WORCESTER RR CO COM 743737108 2,322 93,695 SH   SOLE   93,695 0 0
SEACOR HOLDINGS INC COM 811904101 9,787 164,521 SH   SOLE   36,540 0 127,981
SI FINL GROUP INC MD COM 78425V104 1,404 106,392 SH   SOLE   106,392 0 0
SOUND FINL BANCORP INC COM 83607A100 1,775 73,318 SH   SOLE   73,318 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 15,409 122,650 SH   SOLE   91,326 0 31,324
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 2,101 79,510 SH   SOLE   31,630 0 47,880
WCF BANCORP INC COM 92940L103 223 26,613 SH   SOLE   26,613 0 0
WILLBROS GROUP INC DEL COM 969203108 28 15,000 SH   SOLE   15,000 0 0
WESTPORT FUEL SYSTEMS INC COM NEW 960908309 19 12,377 SH   SOLE   12,377 0 0