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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALLIED HEALTHCARE PRODS INC COM NEW 019222207 362 171,822 SH   SOLE   171,822 0 0
AMERISERV FINL INC COM 03074A102 440 110,040 SH   SOLE   110,040 0 0
AMREP CORP NEW COM 032159105 333 49,032 SH   SOLE   49,032 0 0
BENEFICIAL BANCORP INC COM 08171T102 2,965 178,664 SH   SOLE   178,664 0 0
BRT APARTMENTS CORP COM 055645303 2,777 259,116 SH   SOLE   259,116 0 0
CENTRAL FD CDA LTD CL A 153501101 1,871 147,840 SH   SOLE   20,680 0 127,160
CISCO SYS INC COM 17275R102 5,825 173,210 SH   SOLE   54,060 0 119,150
CORNING INC COM 219350105 6,599 220,588 SH   SOLE   69,415 0 151,173
DORIAN LPG LTD SHS USD Y2106R110 8,234 1,207,357 SH   SOLE   631,896 0 575,461
EAGLE BANCORP MONT INC COM 26942G100 1,552 83,900 SH   SOLE   83,900 0 0
ENGLOBAL CORP COM 293306106 1,244 979,627 SH   SOLE   979,627 0 0
ENTEGRA FINL CORP COM 29363J108 1,745 69,953 SH   SOLE   69,953 0 0
ESSA BANCORP INC COM 29667D104 1,877 119,600 SH   SOLE   119,600 0 0
FIRST NORTHWEST BANCORP COM 335834107 1,443 84,412 SH   SOLE   84,412 0 0
FRP HLDGS INC COM 30292L107 1,077 23,822 SH   SOLE   23,822 0 0
FSB BANCORP INC COM 30289C102 551 33,195 SH   SOLE   33,195 0 0
HELMERICH & PAYNE INC COM 423452101 4,931 94,639 SH   SOLE   29,188 0 65,451
HOME FED BANCORP INC LA NEW COM 43708L108 1,023 38,329 SH   SOLE   38,329 0 0
HOMETRUST BANCSHARES INC COM 437872104 5,970 232,776 SH   SOLE   162,270 0 70,506
HOPFED BANCORP INC COM 439734104 2,158 148,888 SH   SOLE   148,888 0 0
HURCO COMPANIES INC COM 447324104 598 14,375 SH   SOLE   14,375 0 0
IF BANCORP INC COM 44951J105 936 48,250 SH   SOLE   48,250 0 0
INSTEEL INDUSTRIES INC COM 45774W108 203 7,800 SH   SOLE   7,800 0 0
MCEWEN MNG INC COM 58039P107 3,369 1,727,885 SH   SOLE   1,223,970 0 503,915
MEDIDATA SOLUTIONS INC COM 58471A105 275 3,530 SH   SOLE   3,530 0 0
PATHFINDER BANCORP INC MD COM 70319R109 941 61,550 SH   SOLE   61,550 0 0
SEACOR MARINE HLDGS INC COM 78413P101 2,949 188,560 SH   SOLE   75,963 0 112,597
SEACOR HOLDINGS INC COM 811904101 7,097 153,917 SH   SOLE   43,535 0 110,382
SI FINL GROUP INC MD COM 78425V104 1,590 106,392 SH   SOLE   106,392 0 0
SOUND FINL BANCORP INC COM 83607A100 1,503 44,218 SH   SOLE   44,218 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 14,656 120,550 SH   SOLE   90,376 0 30,174
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 1,771 77,140 SH   SOLE   31,430 0 45,710
VAREX IMAGING CORP COM 92214X106 7,662 226,438 SH   SOLE   88,640 0 137,798
WESTPORT FUEL SYSTEMS INC COM NEW 960908309 49 15,000 SH   SOLE   15,000 0 0
WILLBROS GROUP INC DEL COM 969203108 48 15,000 SH   SOLE   15,000 0 0