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
ALLIED HEALTHCARE COM 019222108 787 325,113 SH   SOLE   325,113 0 0
AMREP CORP COM COM 032159105 203 33,150 SH   SOLE   33,150 0 0
BRT REALTY TRUST SH BEN INT NEW 055645303 1,167 158,092 SH   SOLE   158,092 0 0
CENTRAL FD CDA LTD CL A 153501101 164 11,300 SH   SOLE   4,100 0 7,200
CHARTER FINL CORP MD COM 16122W108 7,418 668,315 SH   SOLE   319,720 0 348,595
SEACOR SMIT INC COM COM 811904101 5,391 65,546 SH   SOLE   20,678 0 44,868
CMS BANCORP INC COM COM 12600U102 178 16,218 SH   SOLE   16,218 0 0
CISCO SYSTEMS INC COM 17275R102 6,258 251,841 SH   SOLE   78,160 0 173,681
CONS TOMOKA LAND CO COM 210226106 2,049 44,631 SH   SOLE   44,631 0 0
CHEVRON CORP NEW COM COM 166764100 291 2,229 SH   SOLE   0 0 2,229
EAGLE BANCORP MONT COM 26942G100 1,179 112,250 SH   SOLE   112,250 0 0
ENGLOBAL CORP COM COM 293306106 2,201 705,416 SH   SOLE   705,416 0 0
ESSA BANCORP INC COM COM 29667D104 1,331 119,600 SH   SOLE   119,600 0 0
FEDFIRST FINL CORP COM 31429C101 1,521 69,447 SH   SOLE   69,447 0 0
FRIEDMAN INDS INC COM 358435105 268 31,749 SH   SOLE   31,749 0 0
MARKET VECTORS ETF GOLD MINER ETF 57060U100 2,851 107,045 SH   SOLE   4,080 0 102,965
SPDR GOLD TR GOLD GOLD SHS 78463V107 13,054 101,734 SH   SOLE   70,160 0 31,574
CORNING INC COM COM 219350105 7,464 340,057 SH   SOLE   96,875 0 243,182
GEORGETOWN BANCORP COM 372591107 1,149 71,315 SH   SOLE   71,315 0 0
HOME BANCORP INC COM 43689E107 385 17,491 SH   SOLE   17,491 0 0
HARDINGE INC COM 412324303 1,015 80,200 SH   SOLE   80,200 0 0
HOPFED BANCORP INC COM 439734104 1,730 148,888 SH   SOLE   148,888 0 0
HOME FED BANCORP INC COM 43708L108 1,325 69,761 SH   SOLE   69,761 0 0
HELMERICH & PAYNE COM 423452101 6,751 58,143 SH   SOLE   15,573 0 42,570
HOMETRUST BANCSHARES COM 437872104 2,257 143,100 SH   SOLE   143,100 0 0
HURCO CO COM 447324104 1,077 38,199 SH   SOLE   38,199 0 0
INSTEEL INDS INC COM COM 45774W108 2,358 120,012 SH   SOLE   120,012 0 0
INNODATA INC COM 457642205 276 85,730 SH   SOLE   85,730 0 0
IF BANCORP INC COM COM 44951J105 1,146 69,519 SH   SOLE   69,519 0 0
JOHNSON & JOHNSON COM 478160104 5,630 53,818 SH   SOLE   14,135 0 39,683
LOUISIANA BANCORP COM 54619P104 206 10,400 SH   SOLE   10,400 0 0
MALVERN BANCORP INC COM 561409103 1,977 187,782 SH   SOLE   187,782 0 0
3M CO COM COM 88579Y101 4,259 29,733 SH   SOLE   1,370 0 28,363
MICROSOFT CORP COM 594918104 5,988 143,601 SH   SOLE   34,690 0 108,911
NORTHFIELD BANCORP COM 66611T108 3,671 280,000 SH   SOLE   280,000 0 0
NUCOR CORP COM COM 670346105 1,054 21,400 SH   SOLE   21,400 0 0
NAUGATUCK VY FINL COM 63906P107 822 98,678 SH   SOLE   98,678 0 0
QUANEX BLDG PRODS COM 747619104 1,177 65,886 SH   SOLE   65,886 0 0
OBA FINL SVCS INC COM 67424G101 1,362 60,895 SH   SOLE   60,895 0 0
OCEAN SHORE HLDG CO COM 67501R103 2,540 173,363 SH   SOLE   173,363 0 0
PEOPLES FED COM 711037101 498 27,000 SH   SOLE   27,000 0 0
PFIZER INC COM COM 717081103 3,575 120,464 SH   SOLE   22,555 0 97,909
PROVIDENCE & COM 743737108 1,703 93,695 SH   SOLE   93,695 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 1,111 34,810 SH   SOLE   34,810 0 0
SOUND FINL BANCORP COM 83607A100 1,282 73,318 SH   SOLE   73,318 0 0
ETFS GOLD TR SH SHS 26922Y105 209 1,600 SH   SOLE   1,100 0 500
STATE INVS BANCORP COM 857030100 547 34,163 SH   SOLE   34,163 0 0
SI FINL GROUP INC MD COM 78425V104 2,262 196,508 SH   SOLE   196,508 0 0
SIGMA DESIGNS INC COM 826565103 293 64,000 SH   SOLE   64,000 0 0
ISHARES SILVER TR ISHARES 46428Q109 241 11,900 SH   SOLE   5,200 0 6,700
SP BANCORP INC COM COM 78468K106 2,148 74,404 SH   SOLE   74,404 0 0
SUPERIOR INDUSTRIES COM 868168105 7,588 367,993 SH   SOLE   153,085 0 214,908
EXXON MOBIL CORP COM COM 30231G102 802 6,300 SH   SOLE   0 0 6,300